Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is skyrocketing in Friday&#8217;s trading session, with its 12% price increase sparking bullish predictions from crypto analysts.



The apex meme coin outperformed its biggest rivals, leading the meme coin market as Bitcoin powered <a href="https://www.benzinga.com/25/01/42793495/bitcoin-surges-above-98000-defying-thursdays-record-etf-outflows">back above $98,000.</a>



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price</td><td>24-Hour-Performance</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.381</td><td>+12.4%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00002421</td><td>+5.8%</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.00002161</td><td>+5.8%</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks <a href="https://x.com/JavonTM1/status/1875170798610112570">noted</a> Dogecoin's impressive momentum, targeting an initial price of $0.6533—a 75% increase. 



Should DOGE surpass this level, Marks predicts the rally could extend to $1.20 or higher, representing a potential 234% gain.



Trader Tardigrade <a href="https://x.com/TATrader_Alan/status/1875142069838376991">suggests</a> DOGE has hit a local bottom, signalling potential new highs. 



Technical analyst Kevin emphasized the strength of DOGE on the DOGE/BTC chart. 



He cited technical validations, including a successful retest of the macro golden pocket, strong demand support, and sustained positioning above the 100 EMA and 200 EMA on daily candles.



Kevin urged his followers to monitor these data points closely as momentum builds for further gains.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Beautiful call on the <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> vs <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> chart. The signs were all there. We successfully back tested macro golden pocket with demand coming in and also 200 ema while never losing the 100 ema on daily candles. Naturally we were going to head higher. Now the key is to continue… <a href="https://t.co/3RPcP7XDkH">https://t.co/3RPcP7XDkH</a> <a href="https://t.co/0I1M0Cjzoa">pic.twitter.com/0I1M0Cjzoa</a>&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1875180148326068312?ref_src=twsrc%5Etfw">January 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42789674/dogecoin-shiba-inu-redefine-meme-coin-phenomenon-that-extends-beyond-mere-speculation-report">Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That &#8216;Extends Beyond Mere Speculation&#8217;: Report</a>



Chart analyst Ali Martinez highlighted whale activity, revealing that over 1.08 billion DOGE was purchased in the past 24 hours. This spike in large transactions has sparked curiosity about potential upcoming price momentum.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whales bought over 1.08 billion <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> in the last 24 hours! <a href="https://t.co/Ow2j6I1MDV">pic.twitter.com/Ow2j6I1MDV</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1874950800075599892?ref_src=twsrc%5Etfw">January 2, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Coinglass data shows a 20.7% surge in Dogecoin open interest, reaching $2.7 billion. 



Derivatives trading volume expanded by 27.1%, reflecting heightened market activity. 



DOGE short liquidations dropped to $10 million, the lowest since Dec. 21.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42724952/2025-outlook-bitcoin-to-150000-ethereum-to-5500-dogecoin-hits-1-galaxy-research-predicts">2025 Outlook: Bitcoin To $150,000, Ethereum To $5,500, Dogecoin Hits $1, Galaxy Research Predicts</a></li>
</ul>

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$SHIB

Dogecoin Explodes For 12% Gain: Why Is DOGE Going Up?

Brace yourselves. <a href="https://www.nasdaq.com/articles/what-whales-are-betting-goldman-sachs-gr-0">Goldman Sachs</a> says there's a 90% chance Donald Trump's promised tariffs on Chinese goods are coming, as reported by Business Insider. And if you think U.S. producers will walk away unscathed, think again.



The incoming president has doubled down on a 60% tariff rate on Chinese products – and for good measure, he's tacked on a bonus 10%. It&#8217;s a high-stakes game and according to Goldman, this could hit American industries hard in three major ways. Let's break it down.



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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>



<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
</ul>



1. Higher Costs, Lower Margins



First up, intermediate goods. These are the nuts and bolts (literally, sometimes) that go into making finished products. For most industries, <a href="https://www.benzinga.com/24/12/42734807/china-is-not-a-developing-nation-says-kevin-oleary-claims-theyre-at-an-economic-war-with-us">Chinese-made inputs</a> account for just 0.3% of gross output. Not bad, right?



But here's the kicker: In certain sectors – think autos, machine tools, furniture and textiles – Chinese inputs are crucial. With tariffs adding a 20% price hike, profit margins could shrink fast. Goldman says this could dent operating surpluses by 10% to 30%. That's a hefty chunk of change.



For industries already operating on razor-thin margins, this isn't just a speed bump – it's a pothole the size of a crater.



See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>



2. Retaliatory Tariffs Are Coming



Beijing isn't going to take this lying down. If history is any guide (hello, 2018 <a href="https://www.tradingview.com/news/benzinga:1491188db094b:0-china-s-state-media-commends-apple-tesla-starbucks-for-collaboration-amid-renewed-trade-war-tensions/">trade war</a>), China will hit back with its own tariffs. And guess who's caught in the crossfire? U.S. exporters.



Goldman highlights agriculture and forestry as prime targets. Over 60% of export sales in these sectors go to China. Soybeans, wood and even autos are at risk. Farmers and loggers, in particular, could take a major hit. Remember when soybeans piled up in silos during the last trade spat? Déjà vu, anyone?



Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>



3. The Rare-Earth Wild Card



China has another ace up its sleeve: rare-earth materials. The U.S. imports over 70% of key raw materials like graphite and rare-earth compounds from China. Industries like electronics, autos and defense could face serious production bottlenecks without these.



Beijing's already flexing this muscle. In response to recent semiconductor restrictions from the Biden administration, China tightened its grip on graphite exports. If Trump's tariffs roll out, expect more of the same.



So, What's Next?



Goldman's warning is clear: These tariffs could ripple across the U.S. economy, squeezing profits and forcing industries to adapt – or suffer. Producers might want to buckle up as the tit-for-tat trade game ramps up. This isn't just business; it's a financial roller coaster.



Will these tariffs "make America great again" or just make things more expensive? The market will tell us soon enough. Stay tuned.



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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>



<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Goldman Sachs Predicts 90% Chance Of Trump's Tariffs – Here's How U.S. Producers Could Lose Big

With the start of the new year, investors bid farewell to the Santa Claus Rally, as the U.S. stock market extended its weak momentum into January, logging five consecutive losing sessions, the longest <a href="https://www.benzinga.com/news/earnings/25/01/42780825/sp-500-falls-for-5th-straight-session-tesla-tumbles-greed-index-remains-in-fear-zone">negative streak since April.</a>



Just weeks before Donald Trump's second presidential term begins, a sense of uncertainty looms large as investors await clarity on policies that could reshape the American economy and beyond.



The bond market is flashing warning signs that could ripple across the economy. Treasury yields have continued their sharp ascent, with the 30-year yield hitting 4.8%, its highest level in over a year. Rising yields are often seen as a harbinger of higher borrowing costs and potential inflationary pressures, and investors are taking notice.



Reflecting this unease, a widely tracked long-dated Treasury exchange traded fund — the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) — saw record <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42777236/investors-dump-long-dated-treasury-etf-at-record-pace-ahead-of-trumps-white-house-return">monthly outflows in December</a>, a signal of how bond investors are bracing for volatility ahead of Trump's return to the Oval Office.



Higher bond yields typically challenge the stock market, as they make debt financing more expensive for companies while reducing the relative attractiveness of equities.



At the individual company level, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) suffered its worst weekly performance since late October after reporting 2024 deliveries that were 1% lower than the previous year, marking the first year-over-year decline in the company's history. Analysts view 2025 as a pivotal year for the EV leader to address concerns over demand, competition <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42777950/teslas-first-sales-drop-splits-wall-street-2025-will-be-the-prove-it-year">and its growth trajectory.</a>



You might have missed this…



<h1 class="wp-block-heading">Biden Blocks Takeover</h1>



President Joe Biden blocked the $14.9 billion takeover of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by Japan&#8217;s Nippon Steel Corp, citing national security concerns. Following the decision, U.S. Steel shares plummeted on Friday, reflecting investor disappointment over the collapsed deal and the uncertainty surrounding <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42787508/biden-blocks-14-9b-us-steel-takeover-shares-plunge">the company's future.</a>



<h1 class="wp-block-heading">Squid Game Mania</h1>



Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)&#8217;s &#8220;Squid Game&#8221; Season 2 shattered debut records, drawing over 100 million <a href="https://www.benzinga.com/24/12/42751367/netflix-posts-record-debut-with-squid-game-season-2-heres-how-many-people-watched-show">global viewers within days.</a>



<h1 class="wp-block-heading">Ford Sales Surge</h1>



Automaker Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) reported a 9% increase in total U.S. sales last quarter, driven by strong demand for electric vehicles <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42791032/ford-shifts-into-high-gear-q4-total-us-sales-surge-9">and popular truck models.</a>



Read Next: 



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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42790042/us-manufacturing-activity-tops-expectations-in-december-rises-to-9-month-highs">US Manufacturing Activity Tops Expectations In December, Rises To 9-Month Highs</a></li>
</ul>



This image was created using artificial intelligence.

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Goodbye Santa Rally, Tesla Falters On Deliveries, Investors Flee Bonds Ahead Of Trump's Second Term: This Week In The Market

<h1 class="wp-block-heading">New On The Block</h1>



Vera Bradley Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRA#NASDAQ">VRA</a>) <a href="https://www.benzinga.com/24/12/42439021/vera-bradley-reports-30-sales-drop-in-q3-amid-business-model-transition-stock-slips">sales are down</a>. 



The handbag brand&#8217;s largest shareholder, Fund 1 Investments LLC, isn&#8217;t happy about it. A Dec. 30 <a href="https://www.businesswire.com/news/home/20241230656224/en/Fund-1-Sends-Letter-to-Vera-Bradley%E2%80%99s-Board-of-Directors-Highlighting-the-Opportunity-for-Value-Enhancing-Strategic-Alternatives">letter</a> to the board referred to co-founder Barbara Bradley Baekgaard&#8216;s designs as &#8220;iconic&#8221; and &#8220;synonymous with innovation and disruption for decades." 



But after the compliments came the critique: Fund 1 takes issue with Vera Bradley&#8217;s questionable capital allocation, poor operational performance and a failed brand turnaround, all compounded by tough macroeconomic conditions for fashion brands. What's the solution, according to Fund 1? A "strategic alternatives process" to explore selling the company to a larger organization or taking it private.



Also for sale, as of this week:



<ul>
<li>Imagination Technologies Group Limited, a British semiconductor and software design company owned by private equity firm Canyon Bridge Capital Partners, is up for sale. Lazard is shopping it around, according to <a href="https://www.bloomberg.com/news/articles/2025-01-03/chipmaker-imagination-s-owners-tap-lazard-to-search-for-buyer?srnd=phx-deals">Bloomberg</a>. </li>



<li>Skin care startup Minimalist is considering a $350 million deal, TechCrunch <a href="https://techcrunch.com/2025/01/03/hindustan-unilever-minimalist-acquisition/?guccounter=1">reported</a>. On the buy side is Hindustan Unilever Ltd., which recently purchased Oziva and Wellbeing Nutrition. Hindustan Unilever's skincare offerings include Dove and Pond's. Jaipur-based Minimalist reported an 89% revenue growth to $40.8 million in fiscal year 2024.</li>
</ul>



<h1 class="wp-block-heading">Off The Block</h1>



SouthState Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSB#NYSE">SSB</a>) has finalized its $2 billion stock acquisition of Texas-based Independent Bank Group, potentially signaling a wave of regional bank mergers. Key drivers include regional bank stock price growth, lower interest rates improving deposit profitability, and anticipated deregulation under Trump&#8217;s administration.



Hookipa Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOK#NASDAQ">HOOK</a>) is acquiring Poolbeg Pharma in an all-stock deal. Hookipa shareholders retain rights to milestone payments from Gilead&#8217;s hepatitis B partnership and proceeds from the HB-200 program. 



See Also: <a href="https://www.benzinga.com/24/12/42726550/stanley-druckenmiller-loaded-up-on-regional-banks-ahead-of-trumps-election-win">Stanley Druckenmiller Loaded Up On Regional Banks Ahead Of Trump&#8217;s Win</a>



<h1 class="wp-block-heading">Bankruptcy Block</h1>



Mitch Modell, the ex-CEO of the Modell's sporting goods chain, wants to revive bankrupt retailers Party City and Big Lots. He plans to raise $1 billion and keep 33,000 jobs afloat. He also wishes to name his 20-something sons, Matthew and Maxwell, as co-presidents, according to the <a href="https://nypost.com/2024/12/30/business/former-modells-owner-wants-to-save-bankrupt-retailers-party-city-big-lots-our-goal-is-to-save-33k-jobs/">New York Post</a>.



Modell, known for the catchy "Gotta go to Mo's" jingle, had his eureka moment at none other than Mar-a-Lago, where he decided the struggling chains needed a sporting goods flair. His vision includes ditching Big Lots' bulky furniture and sprucing up Party City with sportswear and footwear — because nothing says "Happy Birthday" like a new pair of sneakers.



To keep prices low, Modell plans to tap factories in China, Mexico and India, courtesy of Source One Global. He's also enlisted other former CEOs, such as Larry Meyer (Forever 21) and Demos Parneros (Barnes &amp; Noble) to help evaluate the deal.



<h1 class="wp-block-heading">Notes From The Block</h1>



In 2025, the incoming Trump administration is expected to be friendlier to media conglomerates looking to conduct mergers, compared to the Biden administration. "The overwhelming mood is positive from an M&amp;A perspective," Christopher Vollmer, managing director at MediaLink, told <a href="https://variety.com/2025/biz/news/media-mergers-acquisitions-2025-deals-1236263982/">Variety</a>. "People are looking to kick off M&amp;A activity in the first quarter of 2025."



But people forget that Trump wasn&#8217;t exactly cordial to dealmakers the last time he was in office. The previous&nbsp;Trump&nbsp;administration, from 2016 to 2020, blocked and sued or threatened to block a lot of big deals. 



If you recall:



<ul>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) and Time Warner <a href="https://www.benzinga.com/news/17/11/10748659/at-t-resists-doj-order-to-divest-time-warners-cnn-for-merger-approval">failed to ink a deal</a>. Regulators argued that it could increase prices for consumers and disadvantage rival distributors.</li>



<li>Sinclair Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) and Tribune Media faced resistance due to concerns about consolidation in the broadcast industry. Sinclair <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">paid a hefty fee</a> for whiffing.</li>



<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), had they merged, could have affected U.S. national security, a federal <a href="https://www.investors.com/news/technology/broadcom-buyout-of-qualcomm-looking-doubtful-after-federal-probe/">probe</a> showed.</li>



<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) and FanDuel: A merger of the two largest daily fantasy sports platforms was blocked to preserve competition in the industry.</li>
</ul>



The Department of Justice also mandated divestitures in major transactions. For example:



<ul>
<li>Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) had to divest Celgene&#8217;s Otezla treatment to resolve concerns about reduced competition in the market for psoriasis drugs.</li>



<li>Harris Corp. was required to sell parts of its military communications business to proceed with its merger with L3 Technologies, creating the company L3Harris Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>)</li>
</ul>



These interventions reflected the DOJ's focus on preventing market dominance. Should M&amp;A volume under Trump be comparable to the last four years, deal pros can&#8217;t blame anyone but themselves. 



Now Read:



<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/12/42746253/bring-it-on-angry-birds-producer-namit-malhotra-ready-for-cinema-ai-era">&#8216;Bring It On&#8217;: Angry Birds Producer Namit Malhotra Is Ready For The AI Era Of Cinema</a></li>
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Deal Dispatch: Vera Bradley Is A Mixed Bag, Modell's Ex-CEO Explores Party City

BitMEX&nbsp;co-founder&nbsp;Arthur Hayes&nbsp;has suggested that a change in US banking regulations could propel Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to a $1 million valuation.



What Happened:&nbsp;Hayes, addressing his&nbsp;followers on the social media&nbsp;platform X, indicated&nbsp;that if US banks receive&nbsp;an exemption from the&nbsp;supplementary leverage ratio (SLR) rule, it could lead to increased market liquidity, significantly boosting Bitcoin&#8217;s value.



The SLR rule, initially adjusted during the COVID-19 pandemic, was designed to alleviate Treasury market pressures and enhance banks&#8217; credit provision capabilities.



Hayes noted that a campaign by US banks for an SLR exemption is underway, which would allow them to purchase U.S. Treasury securities with substantial leverage, potentially funding the extensive US government debt issuance.



He described this development as &#8220;another&nbsp;signpost on the road to&nbsp;BTC = $1 million.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The PR campaign by US banksters to get an SLR exemption is in full swing. This is &lt;TOP&gt; news on my bloomie this morning. This allows banks to buy USTs with infinite leverage and easily fund the insane amount of USG debt issuance. Another signpost on the road to <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> = $1mm <a href="https://t.co/7cGwxqisPy">pic.twitter.com/7cGwxqisPy</a>&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1874576206521340093?ref_src=twsrc%5Etfw">January 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Last month, Hayes expressed his belief that Bitcoin could reach $1 million in this cycle, driven by global central banks&#8217; increased money supply.



He emphasized that governments worldwide might print unprecedented amounts of money to counter slowing global growth, contributing to Bitcoin&#8217;s potential surge.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42775550/bitcoin-ethereum-xrp-dogecoin-rip-higher-trader-eyes-104000-if-this-resistance-level-breaks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP Dogecoin Rip Higher, Trader Eyes $104,000 If This Resistance Level Breaks</a>



Why It Matters: The prediction by Arthur Hayes aligns with other optimistic forecasts in the cryptocurrency space.



Fundstrat&#8217;s head of research, Tom Lee, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42719735/bitcoin-could-surge-past-250000-says-tom-lee-citing-btc-halving-cycles-and-us-government-adoption">recently suggested</a> that Bitcoin could surpass $250,000 within the next year, citing the impact of halving cycles and potential government adoption. Lee highlighted Bitcoin&#8217;s recent halving event as a pivotal factor that could drive price momentum.



Additionally,&nbsp;Ark Invest's Cathie Wood has projected that Bitcoin&#8217;s price might <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42019038/bitcoin-to-hit-up-to-1-5-million-by-2030-says-cathie-wood">reach up to $1.5 million</a> by 2030.



Wood attributes this potential surge to regulatory relief and Bitcoin&#8217;s growing distinction from other assets. She also noted increasing institutional interest in Bitcoin, which could further bolster its value.



Moreover, the incoming&nbsp;<a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Trump administration</a>&nbsp;is expected to provide a positive environment for the cryptocurrency industry, potentially offering regulatory clarity and a more crypto-friendly SEC. This could create favorable conditions for Bitcoin and other digital assets to thrive.



Price Action: Bitcoin was trading at $98,154 at the time of writing, up by 1.84% in the past 24 hours.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42801940/cathie-woods-ark-invest-books-profits-on-hot-ai-stock-palantir-sells-bitcoin-etf-shares-as-btc-starts-2025-on-a-positive-note">Cathie Wood&#8217;s Ark Invest Books Profits On Hot AI Stock Palantir, Sells Bitcoin ETF Shares As BTC Starts 2025 On A Positive Note</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Pixabay

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Bitcoin To Hit $1 Million? Arthur Hayes Says 'Another Signpost' Has Appeared Amid US Debt Concerns

Thousands of advertisements on Meta Platforms Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;Facebook&nbsp;and&nbsp;Instagram&nbsp;have been reportedly found promoting &#8220;fuel filters&#8221; that can be easily converted into gun silencers.



What Happened: Despite&nbsp;Meta&#8217;s&nbsp;policies against such advertisements, these promotions have persisted for years, according <a href="https://www.wired.com/story/fuel-filter-gun-silencer-ads-facebook-instagram/">to</a> a report by Wired.



The ads, linked to over 100 Facebook pages, offer devices priced as low as $50. Transforming these into silencers without federal approval could result in felony charges.



Silencers are strictly regulated under U.S. law, necessitating registration with the&nbsp;Bureau of Alcohol, Tobacco, Firearms&nbsp;and Explosives&nbsp;(ATF).



An analysis of 2,800 ads revealed connections to a network of e-commerce sites, often reusing code and sharing IP addresses. Experts suggest the operation is based in China, employing a drop-shipping model to sell these controversial products.



See Also:&nbsp;<a href="https://www.benzinga.com/tech/24/12/42735755/mrbeasts-daring-new-challenge-live-in-a-jet-for-100-days-and-then-keep-it-are-you-game?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MrBeast&#8217;s Daring New Challenge: Live In A Jet For 100 Days And Then Keep It — Are You Game?</a>



Meta, which prohibits ads for weapons and related modifications, removed some ads. However, similar ads have resurfaced.



The ads have also drawn&nbsp;the attention of the&nbsp;U.S. Department of Defense, with claims that targeted ads were served to military personnel. Meta&#8217;s ad tools could potentially be exploited to reach specific audiences like gun enthusiasts or military members.



Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comment.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It Matters: This issue highlights ongoing challenges faced by social media platforms in regulating content.



Back in December 2019,&nbsp;<a href="https://www.benzinga.com/news/19/12/15017460/facebook-bans-instagram-influencers-from-pushing-vaping-weapons">Facebook</a>&nbsp;implemented a policy banning influencers from promoting vaping, tobacco, and weapons on Instagram. This move was part of a broader effort to curb the promotion of harmful products.



Despite these measures, the persistence of ads for illegal gun silencers underscores the difficulties in enforcing such policies.



The recent removal of accounts by Meta, as seen in the case of Luigi Mangione, demonstrates the platform&#8217;s ongoing battle against misuse and policy violations.



The continuous evolution of tactics by bad actors remains a significant challenge for social media companies.



Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Unsplash

Social Media

Meta's Facebook, Instagram Ads Promote Illegal Gun Silencers: Report

A group of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shareholders, including Cathie Wood&#8216;s Ark Investment Management LLC, are reportedly appealing the Delaware Chancery court&#8217;s decision to block Elon Musk&#8216;s $56 billion pay package at the EV company.



What Happened: Florida shareholders Ark Ivestment Management LLC,  David Israel, and Kurt Panouses filed a notice of appeal in the Supreme Court of Delaware last month over Delaware Chancery Court Judge Kathaleen St. J. McCormick's decision to void Musk&#8217;s pay package, according to a <a href="https://news.bloomberglaw.com/securities-law/elon-musks-pay-deal-decision-appealed-to-delaware-supreme-court">report</a> by Bloomberg.



McCormick in January 2024 voided Musk&#8217;s $56 billion pay package alleging that Tesla&#8217;s board was influenced by the CEO when they adopted the plan in 2018. Tesla shareholders subsequently voted again <a href="https://www.benzinga.com/news/24/06/39323339/tesla-shareholders-approve-elon-musk-56b-pay-package-other-company-proposals" target="_blank" rel="noreferrer noopener">to reinstate the package</a> in June. However, McCormick again ruled against the package in December.



Tesla said in a post on X in December that the company deems the ruling to be wrong and intends to appeal to the Delaware Supreme Court.



Musk Responds: &#8220;Awesome,&#8221; Musk said on social media platform X about the appeal by the Florida shareholders. &#8220;The original lawsuit was brought by a law firm using a puppet shareholder. The appeal is by real Tesla shareholders.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The original lawsuit was brought by a law firm using a puppet shareholder. The appeal is by real Tesla shareholders.&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1875030040762777874?ref_src=twsrc%5Etfw">January 3, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Musk was referring to minor shareholder Richard Tornetta as a &#8220;puppet shareholder.&#8221; Tornetta filed the lawsuit that led to the CEO&#8217;s compensation package being rescinded.



Musk in June said that the lawsuit brought forth by Tornetta does not represent Tesla shareholders as it claims to. 



"A "class action&#8221; lawsuit, by definition, should represent the class, yet this one, and most others, do NOT, serving simply to enrich law firms at the expense of the people they falsely claim to represent," Musk said. 



"The law should be changed to require at least 10% of the members of the supposed class to vote in favor of a class action suit. If they can&#8217;t even muster 10%, it is obviously bogus," the CEO added.



Over 70% of Tesla shareholders voted to approve Musk&#8217;s pay package in 2018 and <a href="https://www.benzinga.com/news/24/06/39452158/tesla-ceo-elon-musk-calls-for-legal-reform-on-class-action-lawsuits-serving-simply-to-enrich-law-fir">again in June 2024.</a> 



Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



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</ul>



Photo courtesy: Ark Invest

Cathie Wood's Ark Investment Appeal Decision To Void Tesla CEO's Pay Package: Elon Musk Says 'Awesome'

Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) CEO&nbsp;Dara Khosrowshahi&nbsp;resigned from the board of autonomous vehicle technology company Aurora Innovation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>), effective Dec. 31, the latter said in a regulatory filing dated Friday. 



What Happened: The resignation was not a result of any disagreement between Khosrowshahi and the company regarding any matter relating to its operations, policies, or practices, Aurora said in the filing. Instead, the CEO now intends to focus on his responsibilities at Uber, it said.



&#8220;The Company and the entire Board are deeply grateful and appreciative of Mr. Khosrowshahi's service and his immense contributions to the Company over the years in his role as a member on the Board,&#8221; it said. 



The company also appointed Shailen Bhatt to its board as a director. Bhatt is Senior Vice President and Chief Operating Officer for AtkinsRéalis, an engineering, procurement, and construction services company, in the United States and Latin America.



Why It Matters: Uber <a href="https://www.benzinga.com/m-a/20/12/18687551/uber-to-offload-self-driving-unit-to-amazon-backed-startup-aurora">sold its troubled self-driving vehicle unit called Uber ATG</a> to Aurora in 2020. As part of the equity deal, Uber invested $400 million in Aurora and got a 26% stake in the combined company. Khosrowshahi subsequently joined the board as director.



Aurora is&nbsp;looking to deploy its autonomous trucks in commercial operations in <a href="https://www.benzinga.com/news/24/11/41699291/autonomous-vehicle-startup-aurora-pushes-back-commecial-launch-of-driverless-trucks-to-2025">April 2025.</a>



"With additional visibility on the time needed to complete the aforementioned remaining validation, we now expect to launch commercially in April 2025," Aurora CEO Chris Urmson said in a letter to shareholders in October.



"While this is modestly later than we had intended, this timing remains within the margin of error we have anticipated and conveyed throughout 2024."



Uber Freight is one of the many customers to have signed up for Aurora&#8217;s commercial driverless service.



Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



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<li><a href="https://www.benzinga.com/tech/25/01/42801755/gm-overtakes-ford-ev-sales-in-q4-with-equinox-ev-sells-670-units-of-escalade-iq-priced-at-130000">GM Overtakes Ford EV Sales In Q4 With Equinox EV, Sells 670 Units Of Escalade IQ Priced At $130,000</a></li>
</ul>



Photo courtesy: The Presidential Office of Ukraine

UBER

Uber CEO Dara Khosrowshahi Resigns From Board Of Autonomous Vehicle Tech Company Aurora

Elon Musk&#8216;s rocket manufacturing company SpaceX is looking to deploy 10 model Starlink satellites during the <a href="https://www.benzinga.com/24/12/42736150/spacex-ceo-says-starship-7th-test-flight-slated-for-jan-10">upcoming test flight</a> of its Starship launch vehicle in a bid to demonstrate its capabilities in the satellite launch segment, the company said on Friday.



What Happened: The 10 Starlink simulators, the company said, will be similar in size and weight to the company&#8217;s next generation of Starlink satellites.



While SpaceX has conducted 6 test flights of its ambitious launch vehicle to date, none of them carried any payload. The last test flight of Starship was in November. 



Other Aims For Upcoming Flight Test: For the upcoming flight, the company is also looking to catch the vehicle&#8217;s booster back at the launch pad at Starbase, Texas, with the launch tower&#8217;s metallic arms like on its fifth test flight in October. However, in case of any safety concerns, the company will splash it down in the Gulf of Mexico, it said.



Catching the booster of the two-stage vehicle as well as the spacecraft back at the launch tower at Starbase is an important demonstration of the vehicle's reusability.



The spacecraft, however, is slated to be splashed down in the Indian Ocean on the upcoming test. 



Why It Matters: The next flight test of Starship, Musk said last month, is expected on January 10th. 



The Starship is still in&nbsp;development and undergoing testing. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of the Starship</a>, Musk dreams of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard the&nbsp;vehicle.



The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.



Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



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Photo courtesy: Wikimedia

SPACE

SpaceX To Deploy Model Starlink Satellites On Upcoming Starship Flight Test

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook reportedly donated $1 million to&nbsp;President-elect Donald Trump&#8217;s <a href="https://www.benzinga.com/topic/donald-trump">inaugural committee</a>, joining the ranks of other major tech leaders like Jeff Bezos, Mark Zuckerberg, and Sam Altman, among others.



What Happened:&nbsp;Cook's $1 million donation to Trump's inauguration comes after several meetings between the two during Trump&#8217;s first term and a recent dinner at Mar-a-Lago.



Cook, originally from Alabama, considers the inauguration an important American tradition and is contributing to the spirit of unity, according <a href="according%20to%20Axios">to</a> a report by Axios.



Apple itself is not expected to make a donation. Cook has consistently engaged with policymakers from both political parties, emphasizing active participation.



See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42729529/social-media-stocks-react-as-trump-targets-censorship-and-delays-tiktok-ban?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Administration To Challenge Social Media Censorship, Setting Stage For Conflict With EU Regulations</a>



Other prominent Silicon Valley contributors to the inauguration include Amazon.com Inc., Meta Platforms Inc., and Uber Technologies, among others.



Wall Street firms such as&nbsp;Goldman Sachs and Bank of&nbsp;America, along with&nbsp;crypto exchanges Kraken and Coinbase, are also making significant contributions.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It Matters: Cook's donation comes amid a series of high-profile pledges from tech and business leaders to support Trump&#8217;s inauguration.



Recently,&nbsp;<a href="https://www.benzinga.com/24/12/42495714/tim-cook-dines-with-donald-trump-at-mar-a-lago-to-strengthen-apples-position-as-zuckerberg-and-pichai-repair-ties-and-jeff-bezos-prepares-for-his-turn-report">Cook dined with Trump at Mar-a-Lago</a>, marking his first interaction with Trump since his re-election. This meeting was part of a broader effort by tech leaders, including Mark Zuckerberg and Sundar Pichai, to engage with the incoming administration.



Additionally,&nbsp;Ford Motor Co. has <a href="https://www.benzinga.com/24/12/42660866/trump-gets-ford-vehicles-1m-for-inauguration-will-musk-respond-or-could-he-ride-in-rival-vehicle">also pledged $1 million</a> to Trump&#8217;s inauguration, matching contributions from Amazon and Meta. This aligns with a trend of significant support from the tech and automotive sectors.



Furthermore,&nbsp;<a href="https://www.benzinga.com/news/management/24/12/42485193/sam-altman-to-donate-1m-to-trumps-inauguration-fund-following-zuckerberg-bezos-eager-to-support">OpenAI CEO Altman</a> announced a $1 million donation, expressing eagerness to support Trump&#8217;s efforts to advance the U.S. in the artificial intelligence sector. This reflects a broader interest in aligning with the new administration&#8217;s tech policies.



Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



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</ul>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

Politics

AAPL

Apple CEO Tim Cook Reportedly Donates $1 Million To Trump Inauguration, Joins Ranks Of Mark Zuckerberg, Jeff Bezos, And Sam Altman

High-frequency trading firm DWF Labs has released a comprehensive report detailing <a href="https://www.benzinga.com/money/top-meme-coins">how meme coins</a> are reshaping the cryptocurrency landscape and redefining traditional market dynamics.



What Happened: The DWF Labs <a href="https://www.dwf-labs.com/research/490-how-memecoin-culture-is-changing-the-crypto-market">report</a>, published on Thursday, is titled "Reel-ing in the Money: How Meme Coin Culture is Changing the Crypto Market" and analyzes the profound influence of meme coins. 



In 2024, the market capitalization of meme coins soared by 500%, climbing from $20 billion in January to over $120 billion by December.



This rapid growth signals a departure from conventional methods of value creation, instead emphasizing community engagement and cultural resonance. 



Blockchain technology has played a pivotal role, enabling cost-effective and rapid asset creation and bypassing traditional financial intermediaries.



The report concludes that meme coins are no longer just speculative assets; they have evolved into a sophisticated market vertical. 



This trend challenges conventional financial paradigms and underscores the increasing importance of social dynamics in the digital economy



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42716074/mark-cuban-criticizes-meme-coins-as-a-hustle-and-money-gamble-like-a-game-of-musical-chairs-with-money">Mark Cuban Criticizes Meme Coins as a &#8216;Hustle&#8217; and Money Gamble: &#8216;Like a Game of Musical Chairs With Money&#8217;</a>



Why It Matters: The report outlines the lifecycle of meme coins, identifying key phases such as deployment, social capital formation, decentralized trading and value creation and distribution.



It also categorizes meme coins by societal themes, illustrating their role in reflecting and shaping digital culture.



<ul>
<li>Dog Coins: Projects like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) highlight the viability of meme-based assets, demonstrating long-term potential beyond initial hype.</li>



<li>Cat Coins and Frog Coins: These coins often draw from internet memes and social media trends, carving out their own niches.</li>



<li>New Entrants: Tokens like Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) highlight the market's continued enthusiasm for innovative and well-executed thematic launches.</li>



<li>Cross-Vertical Tokens: A new trend combines meme coin virality with utility, such as AI-themed meme coins, showcasing the potential for hybrid innovation.</li>
</ul>



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<li><a href="https://www.benzinga.com/24/12/42717267/2024s-cryptocurrency-champions-these-top-performers-surpass-bitcoin-in-a-year-of-unprecedented-gains">Bitcoin, Dogecoin Trail These 2024 Crypto Champions: Here Are The Top Performers Of The Year</a></li>
</ul>



Image: Shutterstock

$WIF

Dogecoin, Shiba Inu Redefine Meme Coin Phenomenon That 'Extends Beyond Mere Speculation': Report

<a href="https://www.benzinga.com/personal-finance/24/09/40922368/excuse-me-you-want-to-check-my-credit-nba-legend-shaq-shares-he-felt-disrespected-when-trying-to">Shaquille O'Neal</a> is one of those rare NBA stars who transcended the game. But his success wasn't just about basketball – it was about mindset.&nbsp;



In a 2022 CBS News interview, Shaq casually dropped a gem: "I didn't spend my first NBA check until I started having children. I had so much coming in, I was like, ‘NBA money over there and I'll just live off endorsement money.'"



That's right – Shaq was banking his $120 million NBA earnings while most rookies splurge on cars and mansions. Instead, he lived off deals with brands like Reebok and Pepsi. The secret? A wealthy mentor advised: "Rich people spend half, save half. Wealthy people take half of that half and then spend the rest." Shaq listened and it paid off – big time.



Don't Miss:



<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>



<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>



Now worth $500 million, Shaq owns franchises like Papa John's and Big Chicken. He also made early bets on tech companies like Google and Ring, turning investments into gold. Oh and did we mention he's a real estate powerhouse too?



Shaq's financial wisdom didn't stop at saving; he was all about smart investments. In an October 2024 episode of Robert Mtz's ‘Creativo' podcast, he shared, "I have 40 cars and I don't know why." This self-awareness led him to diversify his portfolio beyond flashy purchases. He invested in 150 car washes and 40 health clubs, turning everyday services into revenue streams. His approach? Invest in what people need daily.



But even Shaq had his missteps. He famously turned down an early opportunity to invest in Starbucks, thinking, <a href="https://www.benzinga.com/startups/24/10/41144354/shaq-missed-a-deal-of-a-lifetime-with-starbucks-says-because-growing-up-hes-never-seen-a-black-perso">"Black people don't drink coffee."</a> Reflecting on this, he admitted, "So now, every time I go to Starbucks and see Black people drinking coffee, I'm like …" followed by a facepalm. This taught him the importance of challenging assumptions in business.



Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?



That said, Shaq also knows when it's time to pivot. In a 2021 episode of the Earn Your Leisure podcast, he revealed he <a href="https://www.benzinga.com/startups/24/12/42468734/nba-legend-shaq-owned-17-auntie-annes-franchises-but-sold-them-after-realizing-black-people-dont-like-pretzels-that-much">sold his 17 Auntie Anne's franchises</a> because, in his words, "Black people don't like pretzels that much." His decision wasn't rooted in assumptions this time but in observation and market analysis. "I wanted to switch it up," he explained, focusing on ventures with more cultural resonance and appeal.



Beyond business, Shaq emphasizes education and hard work to his children. He tells them, <a href="https://www.benzinga.com/personal-finance/24/09/40943843/we-aint-rich-im-rich-nba-legend-shaq-says-his-daughters-and-sons-dont-get-equal-treatment-my-boy">"We ain't rich; I'm rich."</a> He requires his kids to earn two degrees before considering any financial support, instilling the value of self-reliance.



Shaq's story isn't just about making money; it's about keeping it – and making it work for you. His advice might sound simple, but it's life-changing if you stick to it. Save first, spend second and <a href="https://www.benzinga.com/money/are-you-rich">invest like a legend</a> when opportunity knocks.



Read Next:



<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>



<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

Personal Finance

NBA Legend Shaq Says He Didn't Even Start Spending His NBA Checks Until He Had Kids – 'I Had So Much Coming In'

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