La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Cadrenal Therapeutics a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Cadrenal Therapeutics..

Cadrenal Therapeutics (NASDAQ:CVKD) Azioni, Catena delle Opzioni

CADRENAL THERAPEUTICS INC

Cadrenal Therapeutics

Cadrenal Therapeutics Inc is developing tecarfarin, its drug candidate, for unmet needs in anticoagulation therapy. Tecarfarin is a late-stage novel oral and reversible anticoagulant (blood thinner) designed to prevent heart attacks, strokes, and deaths due to blood clots in patients with rare cardiovascular conditions requiring chronic anticoagulation.

Cadrenal Therapeutics, Inc. - Common Stock

Cadrenal Therapeutics Inc

On Thursday, Instagram CEO Adam Mosseri's testimony revealed how TikTok's <a href="https://benzinga.com/25/04/44821791/meta-platforms-used-buy-or-bury-strategy-to-monopolize-social-media-ftc-says">explosive rise forced</a> the Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)-owned app into a fight for survival.
What Happened: Mosseri testified in the Federal Trade Commission's <a href="https://www.benzinga.com/tech/25/04/45112477/exclusive-if-meta-is-forced-to-divest-instagram-whatsapp-or-facebook-43-pick-this-standout">antitrust case against Meta</a>, where the U.S. government claims the tech giant has illegally monopolized the social networking market.
The trial detailed how, when Mosseri took over Instagram in 2018, the app was facing worrisome drops in user engagement, largely due to competition from ByteDance-owned TikTok. By 2019, internal estimates showed that 23% of Instagram's declining U.S. time spent could be attributed directly to TikTok.
"We can't explain it all, but what's clear at this point is that we need to adapt, and do so quickly," Mosseri wrote to his team in March 2020.
In his testimony at DC courts, Instagram&#8217;s boss said, "You're either growing, or you're slowly dying."
Instagram's comeback came largely through improving its Reels product with better AI-driven recommendations. But TikTok remains "the fiercest competition that we have faced," the report noted.
Interestingly, in his testimony, Mosseri noted that while TikTok used to offer a passive, lean-back viewing experience, it has now become "every bit as participatory as we are," even rolling out features to strengthen friend connections.
Why It's Important: The testimony comes at a pivotal moment as the FTC argues that Meta's dominance in personal social networking — a market that includes apps like Instagram and Snapchat by Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) — is stifling competition.
Meta has argued against the <a href="https://www.benzinga.com/general/social-media/24/11/42177636/meta-heads-to-trial-over-instagram-whatsapp-acquisitions">antitrust allegations</a>, highlighting competition from TikTok and YouTube, which is owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
While Meta has claimed in court that entertainment has eclipsed social connections in its business, Mosseri's comments on Thursday highlight that friend-based engagement remains a key differentiator for Instagram, the report said.
Price Action: Meta&#8217;s shares slipped 0.015% in after-hours trading, settling at $597.92, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
The company holds a momentum score of 82.95% and a growth score of 76.10%, as per Benzinga's exclusive Edge Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how Meta stacks up against</a>&nbsp;Snapchat, Alphabet and others.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/META"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09025934/Screenshot-2025-05-09-at-12.29.28%E2%80%AFPM.png" alt="" class="wp-image-909582" /></a></figure>
Photo Courtesy: Koshiro K On Shutterstock.com
Read More:
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The Balls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Legal

Tech

Media

GOOG

GOOGL

SNAP

Instagram CEO Adam Mosseri Testimony Reveals TikTok Led To Worrisome Engagement Drop For Meta's Platform: 'You're Either Growing, Or You're Slowly Dying'

Reported Earlier, Newell Brands Upsizes And Prices $1.25B 8.50% Senior Notes Due 2028 To Fully Redeem 2026 Notes

Reported Earlier, Super League Enterprise Announces Proposed Public Offering, Plans To Use Proceeds For Working Capital And Debt Reduction

WTFC

Reported Earlier, Wintrust Financial Prices $425M Public Offering Of 17M Depositary Shares At $25 Each, Backed By 7.875% Series F Preferred Stock

Reported Earlier, ONE Gas Prices $197.5M Public Offering Of 2.5M Shares

Proceeds intended to support Hims &amp; Hers' global expansion through organic growth and strategic acquisitions, while also fueling deeper investment in AI, diagnostics, and personalized treatments to scale access and meet rising demand for high-quality, personalized care

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Reported Earlier, Hims & Hers Prices Upsized $870M Notes Due 2030 To Fuel Global Growth And AI-Driven Healthcare Expansion

During its first-quarter earnings call on Thursday, 10x Genomics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) withdrew its full-year guidance, opting instead to provide quarterly forecasts. 
What Happened: The company cited policy uncertainty stemming from recent U.S. government budget cuts for academic research as the reason for the shift.
&#8220;Approximately 40% to 50% of our revenue is supported by U.S. academic and government research funding,&#8221; CEO Serge Saxonov said as he announced the decision to move to quarterly guidance.
He says, &#8220;The U.S. policy changes have introduced increased uncertainty into purchasing behavior for many of our customers,&#8221; adding that the company is &#8220;highly exposed to ongoing uncertainty.&#8221; 
See More: <a href="https://www.benzinga.com/25/05/45305930/elon-musk-said-bill-gates-has-no-clue-after-gates-claimed-electric-trucks-may-never-be-practical-because-they-cant-cover-long-distances">Elon Musk Said Bill Gates &#8216;Has No Clue&#8217; After Gates Claimed Electric Trucks May &#8216;Never Be Practical&#8217; Because They Can&#8217;t Cover Long Distances</a>
Saxonov noted that in the face of actual and looming budget cuts, many of their customers have become hesitant to commit to new projects.
Saxonov did not hold back on his critique of the recent federal actions, which he says are undermining America&#8217;s leadership. He said, &#8220;We are indeed on the threshold of a golden age, but we are shooting ourselves in the foot, right when we should be pressing on the accelerator.&#8221;
Saxonov also called the National Institutes of Health (NIH) &#8220;the foundational jewel of biomedical progress&#8221; and warned that the broader U.S. research enterprise is at risk. 
&#8220;Our university system is the global engine of scientific discovery and the envy of the world,&#8221; he said. &#8220;Current funding challenges risk fundamentally dismantling their ability to support research,&#8221; an outcome he described as &#8220;a tragedy.&#8221;
Why It Matters: Since the funding cuts were announced, the NIH has issued several <a href="https://benzinga.com/25/03/44200499/national-institutes-of-health-terminates-some-research-grants-amid-political-and-policy-shift">grant termination letters</a>, with hundreds more expected in the coming months.
France and the European Union have seized on the uncertainty to <a href="https://benzinga.com/25/05/45193766/france-and-eu-lure-us-researchers-with-nearly-567-million-incentives-amid-trumps-academic-funding-cuts">attract American researchers</a>, announcing more than $500 million in incentives in recent months to lure talented researchers to their respective nations. 
10x Genomics reported $155 million in revenue during its first quarter, up 9.92% year-over-year, with a loss of $34.35 million, or $0.28 per share, down from $59.9 million, or $0.50 per share a year ago.
Price Action: The stock was up 3.85% on Thursday, and is up another 4.28% after hours following its first quarter results. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="135" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-1024x135.png" alt="" class="wp-image-909495" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-1024x135.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-768x101.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM-1536x203.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/09015823/Screenshot-2025-05-09-at-11.28.13-AM.png 1590w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, the stock scores poorly and has an unfavorable price trend in the short, medium, and long term. For more insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>. 
Photo Courtesy: Tada Images on Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/25/05/45307499/cathie-woods-21-5-million-shopify-grab-defies-post-earnings-dip-ark-continues-dumping-palantir-also-chops-jack-dorseys-block">Cathie Wood&#8217;s $21.5 Million Shopify Grab Defies Post-Earnings Dip, Ark Continues Dumping Palantir, Also Chops Jack Dorsey&#8217;s Block</a></li>
</ul>

Earnings

Health Care

Markets

10x Genomics CEO Calls NIH The 'Foundational Jewel' Of Biomedical Progress, Says 40% To 50% Of Revenue Supported By Academic And Government Research Funding — Pulls Full Year Revenue Guidance

OpenAI chief Sam Altman told a Senate Commerce panel that the artificial-intelligence boom "will be at least as big as the internet, maybe bigger," a shift so profound that even its architects "can't quite wrap our heads around" where it leads.
What Happened: Pressed by Sen. John Fetterman about the so-called singularity — the moment machines outstrip human intelligence — Altman replied, "I am incredibly excited about the rate of progress, but I also am cautious … I feel small next to it," calling AI "among the biggest, maybe the biggest technological revolutions humanity will have ever produced."
He stressed that society will adapt, "figure how to use these tools to do things we could never do before," yet must approach the new era "with humility and some caution."
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="OpenAI CEO Sam Altman testifies on AI competition before Senate committee — 5/8/2025" width="500" height="281" src="https://www.youtube.com/embed/jOqTg1W_F5Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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For Altman, the path remains thrilling but opaque: "These are going to be tools capable of things we can't quite wrap our heads around … some people call that singularity … it feels like a new era of human history."
See also: <a href="https://www.benzinga.com/personal-finance/25/05/45301579/elon-musk-says-we-didnt-come-up-with-the-name-tesla-bought-it-for-75k-after-sending-the-nicest-guy-to-camp-out-at-the-owners-doorstep">Elon Musk Says &#8216;We Didn&#8217;t Come Up With The Name Tesla&#8217;—Bought It For $75K After Sending &#8216;The Nicest Guy&#8217; To Camp Out At The Owner&#8217;s Doorstep</a>
Why It Matters: The remarks came during a hearing on U.S. competitiveness in AI that also featured executives from Microsoft, AMD and CoreWeave, according to Reuters, urging lighter regulation and heavy infrastructure spending to keep pace with China. According to a <a href="https://www.washingtonpost.com/politics/2025/05/08/openai-ceo-sam-altman-congress-senate-testify-ai/3f52b0b6-2c34-11f0-a724-3bc879c9f843_story.html">separate report</a> by The Washington Post, lawmakers of both parties echoed those fears while probing skyrocketing power demands from data centers and the risk of AI-generated deepfakes.
Altman's uncertainty highlights a broader debate over super-intelligence once <a href="https://www.theguardian.com/technology/article/2024/jun/29/ray-kurzweil-google-ai-the-singularity-is-nearer">championed</a> by futurists like Ray Kurzweil and, more recently, <a href="https://www.benzinga.com/25/04/44856587/former-google-ceo-predicts-that-ais-sprint-toward-super-intelligence-could-put-a-smartest-human-in-every-pocket-by-2031">flagged</a> by ex-Google chief Eric Schmidt, who predicted AI could put a "smartest human in every pocket" by 2031.
Former OpenAI employees <a href="https://www.benzinga.com/government/24/07/39912332/senators-press-sam-altman-for-safety-transparency-at-openai-vulnerable-ai-is-not-acceptable">warned last year</a> that the company was sidelining safety, a worry that soon echoed in Washington. Five senators wrote to Altman at the time demanding details on how the firm plans to keep its powerful AI models in check. The lawmakers flagged alleged retaliation against internal whistleblowers and pressed Altman to prove safety remains a priority as OpenAI partners with the U.S. government. 
Their letter joined a growing chorus of experts, including co-founder Elon Musk, who say <a href="https://www.benzinga.com/news/23/05/32270606/elon-musks-latest-warning-the-eerie-consequences-of-a-society-completely-dependent-on-technology">unchecked AI</a> could carry grave risks for humanity.
Sam Altman &#x7C; Photo courtesy: jamesonwu1972 / Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/05/45309175/nvidia-modifies-h20-chip-for-china-after-us-restrictions-block-sales-aims-to-deliver-new-version-by-july-report">Nvidia Modifies H20 Chip For China After US Restrictions Block Sales, Aims To Deliver New Version By July: Report</a>

Sam Altman Says 'Can't Wrap Our Heads Around' The Size Of The AI Revolution, Calls For 'Humility And Caution' To Guide The Future

Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) reported first-quarter 2025 earnings, where the company highlighted significant progress in its advertising business, securing brand campaigns with major players like Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Crypto.com, and Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
What Happened: CEO Chris Pawlowski expressed optimism, stating, &#8220;While it is still very early, I can now confidently say we are starting to see traction [in advertising].&#8221; He specifically noted the successful completion of a campaign with Netflix and ongoing campaigns with Crypto.com and Chevron, spanning various media formats on the platform.
The company also reported a 34% year-over-year revenue growth, driven by audience monetization. Despite this, the platform maintained over 50 million monthly active users for the seventh consecutive quarter, with an 87% user retention rate from the previous quarter.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45308042/monsters-ceo-we-dont-always-win-on-hedging-as-aluminum-tariffs-bite-into-q2-margins">Monster&#8217;s CEO: &#8216;We Don&#8217;t Always Win&#8217; On Hedging—As Aluminum Tariffs Bite Into Q2 Margins</a>
Why It Matters: Rumble&#8217;s Chief Financial Officer, Brandon Alexandroff, noted a 14% improvement in adjusted EBITDA loss to $22.7 million compared to the previous year, reiterating the goal of reaching EBITDA breakeven in 2025. 
Looking ahead, Rumble aims to launch its &#8220;RumbleWallet&#8221; in the third quarter of 2025, intending to compete with platforms like Coinbase in the cryptocurrency space and facilitate international monetization. The company is also exploring crypto exchange partnerships.
Price Action: Rumble&#8217;s stock closed at $7.78 on Thursday, up 2.37% for the day. In after-hours trading, the stock rose further to $7.95, gaining an additional 2.19%. Year to date, however, the stock is down 37.26%.
Rumble shows positive momentum and strong long-term price trends, but the stock lags in growth metrics and short- to medium-term performance, according to Benzinga Edge Stock Ranking. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Photo Courtesy: Tada Images On Shutterstock.com
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<li><a href="https://www.benzinga.com/25/05/45308114/warner-bros-discovery-pulls-back-on-streaming-flood-betting-big-on-premium-hits-and-letting-scooby-doo-sniff-out-new-fans-on-netflix">Warner Bros. Discovery Pulling Back From &#8216;More Is Better&#8217; Streaming Strategy, Bets Big On Premium Content — And Letting Scooby-Doo Sniff Out New Fans On Netflix</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

NFLX

Rumble Touts Ad Traction With Netflix, Crypto.com, Chevron As Q1 Revenue Jumps 34%

HIVE

HIVE Digital Mines 102 Bitcoin In April, Surpasses 7.3 EH/s With Accelerated Paraguay Expansion, Targets 11.5 EH/s By June And Achieves 10% Hashrate Growth

Future Fund LLC's managing partner, Gary Black, thinks ride-hailing service Lyft Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) performance, as well as increased adoption of AVs, warrants more investment in the company.
What Happened: Following Lyft's Earnings Call, Black took to the social media platform X to share his thoughts on the company's results for Q1 2025 on Thursday.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24LYFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LYFT</a> +8% AH after delivering higher than expected EBITDA, FCF, and turning a surprise earnings profit (+$.01 vs -$.02 exp loss). 1Q Gross bookings and # Rides beat. 2Q gross bookings and EBITDA were in line. LYFT announced a larger than expected share buyback ($750M, $500M in…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1920583819750449286?ref_src=twsrc%5Etfw">May 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"$LYFT +8% AH after delivering higher than expected EBITDA, FCF, and turning a surprise earnings profit (+$.01 vs -$.02 exp loss)," Black said. The company beat Wall Street expectations on EPS, but missed out on quarterly revenue estimates as Lyft announced $1.45 billion in revenue.
"LYFT trades at just 14.0x FY'25 Adj EPS and 10.4x FY'26 est eps while growing bookings, revs, and trips at 12% and EBITDA growth of 25%," Black said in the post.
"Both $UBER and $LYFT seem worthy of increased investment given the high probability of cost per mile reductions as autonomous vehicles become more commonplace," he shared.
Why It Matters: The news comes in as Lyft <a href="https://www.benzinga.com/news/buybacks/25/05/45302278/lyft-shares-drive-higher-after-mixed-q1-report-stock-buyback-program-raised-to-750-million">announced surprise results </a>during its earnings call as the company turned in a 1-cent EPS, which beat analyst expectations.
The company's board also authorized an increase to its stock repurchase program to $750 million, of which Lyft intends to utilize $500 million within the next 12 months.
Lyft also recently acquired European <a href="https://www.benzinga.com/25/04/44841871/lyft-expands-to-europe-with-e175m-freenow-acquisition-targets-bookings-by-e1b-annually">ride-sharing service Freenow</a> in a cash deal that's worth over $197 million. The deal would allow Lyft to operate in over 9 European countries.
Elsewhere, rival Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) is increasing its presence in the autonomous driving sector as the company signed deals <a href="https://www.benzinga.com/markets/25/05/45162888/uber-heats-up-robotaxi-battle-against-tesla-waymo-with-may-mobility-deal">with May Mobility </a>as well as Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) to operate their vehicles on its platform.
LYFT has poor Momentum and Value scores, but scores well on the Growth metric. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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<li><a href="https://www.benzinga.com/25/05/45283323/gary-black-thinks-uber-could-have-an-advantage-over-elon-musk-and-tesla-in-the-robotaxi-race">Uber Could Outpace Elon Musk&#8217;s Tesla In Robotaxi Race, Says TSLA Bull Gary Black</a></li>
</ul>
Image Via Shutterstock

General

LYFT

UBER

VWAGY

Gary Black Bullish On Lyft, Sees Investment Opportunity As Uber Rival Surprises With Q1 Profit And AV Adoption Plans

IDACORP will not initially receive any proceeds from the sale of shares of its common stock by the forward sellers (or their respective affiliates) to the underwriters. If IDACORP elects physical settlement of the forward sale agreements, it expects to use any net proceeds for general corporate purposes, which may include capital expenditures.

IDACORP Prices Upsized Public Offering Of ~4.5M Common Shares At $111 Each

Highlights
<ul>
<li>Total number of Bitcoin mined during 2024 was 755, or 2.1 Bitcoin per day (2023: 1,760, or 4.8 Bitcoin per day).</li>
<li>Revenues of $47.1 million (2023: $50.6 million), a decrease of 7% from 2023, driven primarily by the reduced hashprice resulting from the Bitcoin halving.</li>
<li>Mining margin of 33%, down from 43% in 2023. Similar to revenue, this decrease was largely attributable to the reduced hashprice resulting from the Bitcoin halving in April 2024.</li>
<li>Reduced non-mining operating costs by 34% in 2024 compared to the prior year.</li>
<li>Adjusted EBITDA of $5.7 million, compared to $7.7 million in 2023.</li>
<li>Net loss of $55.1 million, compared to a net loss of $34.6 million in 2023. The net loss was primarily the result of a $31.5 million asset impairment, $15.0 million of amortization and $6.8 million of interest expense.</li>
<li>Reduced interest expense by 41%, as a result of fully repaying the Galaxy debt during 2024.</li>
<li>Net debt (cash less debt obligations) was reduced by $24.1 million from $55.1 million at 31 December 2023 to $31.0 million at 31 December 2024.</li>
</ul>

ARBK

Argo Blockchain FY24 Revenue $47.1M Down From $50.6M YoY, Net Loss $55.1M Down From $34.6M YoY

Alex Mashinsky, the founder and former CEO of the now-collapsed cryptocurrency lender&nbsp;Celsius Network, was sentenced to a 12-year prison term for securities and commodities fraud on Thursday.
What Happened: The sentencing was delivered&nbsp;by U.S. District Judge John&nbsp;Koeltl in Manhattan, according to a Reuters report. Federal prosecutors charged Mashinsky with deceiving customers about the safety of Celsius and artificially boosting the value of the exchange&#8217;s native token, Celsius (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CEL</a>).
The prosecution had pushed for a minimum 20-year prison term, claiming it was a &#8220;just punishment&#8221; for Mashinsky&#8217;s actions that caused thousands of victims and led to billions in losses. They said Mashinsky personally profited more than $48 million from the scheme.
See Also:&nbsp;<a href="https://benzinga.com/25/05/45294428/wall-street-rallies-after-us-seals-first-trade-deal-you-better-go-out-and-buy-stock-trump-says" target="_blank" rel="noreferrer noopener">Wall Street Rallies After US Seals First Trade Deal: &#8216;You Better Go Out And Buy Stock,&#8217; Trump Says U.S. Stocks Rally as Trump Strikes Trade Deal With U.K.; Bitcoin Tops $100K</a>
Mashinsky had proposed a sentence of&nbsp;one year and one day, expressing regret and a wish to reconcile with&nbsp;his family and former Celsius&nbsp;customers, the report said. His sentence also&nbsp;includes three years of supervised&nbsp;release and a $48.4 million&nbsp;forfeiture.
The sentencing follows his <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42307121/celsius-network-founder-alex-mashinsky-pleads-guity-to-two-counts-of-fraud-including-manipulating-in-house-cryptos-price">admission of guilt</a> to two counts of fraud in December 2024. Mashinsky admitted to&nbsp;providing Celsius customers with "false comfort" by falsely claiming in a 2021 interview that Celsius had received regulatory approval for its "Earn" program.
His arrest in 2023 followed the collapse of Celsius and a Department of Justice inquiry into the company's downfall. The company applied for bankruptcy protection in 2022. 
However, the firm exited bankruptcy in early 2024, beginning a $3 billion repayment to its creditors. 
Photo Courtesy: ARTEMENKO VALENTYN on Shutterstock.com
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<li><a href="https://benzinga.com/markets/cryptocurrency/21/10/23673989/heres-how-one-crypto-investor-made-more-than-5b-with-shiba-inu" target="_blank" rel="noreferrer noopener">Here&#8217;s How One Crypto Investor Made More Than $5B With Shiba Inu</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$CEL

Celsius Founder Alex Mashinsky Gets 12-Year Prison Sentence For Securities and Commodities Fraud

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Trade Balance (USD) For April 96.18B Vs. 97.00B Est.; 102.64B Prior

Reported Earlier, China Imports (YoY) For April -0.2% Vs. -5.9% Est; -4.3% Prior

Reported Earlier, China Exports (YoY) For April 8.1% Vs. 1.9% Est.; 12.4% Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Household Spending (MoM) For March 0.4% Vs. -0.5% Est.; 3.5% Prior

Reported Earlier, Japan Household Spending (YoY) For March 2.1% Vs. 0.2% Est.; -0.5% Prior

Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong, on Thursday, touched on the wisdom of traditional banks launching their own stablecoins in light of their foray into the cryptocurrency industry.
What Happened: During the first quarter earnings call, Armstrong was asked about the growing interest of traditional banks in the cryptocurrency industry after regulatory relaxations. 
The top executive acknowledged the increased momentum, stating that Coinbase has held talks and forged partnerships with some players.
Armstrong specifically mentioned some institutions wanting to develop their own dollar-pegged stablecoins, an idea with which he differed.
&#8220;Our view is that that's not necessarily the best path because we think stablecoins have network effects. You want interoperability with other financial institutions to be able to settle payments and do all kinds of things,&#8221; Armstrong said.
He suggested that banks should consider partnering with existing stablecoins like USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>). 
Note that Coinbase has an <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33972625/coinbase-acquires-equity-stake-in-circle-a-new-era-for-usdc">equity stake</a> in Circle, the issuing company behind USDC. In fact, USDC was launched by Centre, a consortium formed through a joint venture between&nbsp;Circle&nbsp;and&nbsp;Coinbase.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45295626/bitcoin-breaks-100000-ethereum-xrp-dogecoin-roar-10-higher-what-do-experts-predict-next" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $100,000, Ethereum, XRP, Dogecoin Roar 10% Higher </a>
Why It Matters: Barriers to TradFi&#8217;s entry into the space <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43181875/sec-repeals-sab-121-policy-that-restricted-banks-from-providing-custody-services-for-bitcoin-crypto-mom-says-bye-bye">have been eased</a>, with directives preventing them from custodying cryptocurrencies getting repealed after President Donald Trump took over.
This development follows&nbsp;<a href="https://www.benzinga.com/news/earnings/25/05/45302422/coinbase-q1-earnings-highlights-revenue-eps-miss-2025">Coinbase&#8217;s first-quarter earnings report</a>, where the company missed revenue and EPS expectations. 
Before the earnings,&nbsp;Coinbase <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45287050/coinbase-acquires-deribit-in-2-9b-deal-to-expand-crypto-derivatives-business">announced the acquisition</a> of Deribit, a crypto options exchange, for approximately $2.9 billion, marking the firm&#8217;s largest push into the global crypto derivatives market. 
Price Action:&nbsp; Shares of Coinbase fell 2.67% in after-hours trading after closing 5.06% higher at $206.50 during Tuesday's regular trading session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. 
As of this writing, the stock ranked high on growth, a measure of a stock's combined historical expansion in earnings and revenue across multiple periods.&nbsp; To check how other cryptocurrency-related stocks stack up against COIN, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="502" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08233952/Screenshot-2025-05-09-090934.png" alt="" class="wp-image-909408" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08233952/Screenshot-2025-05-09-090934.png 502w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08233952/Screenshot-2025-05-09-090934-300x115.png 300w" sizes="(max-width: 502px) 100vw, 502px" /></figure>
Photo Courtesy: David Esser On Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45277600/trumps-crypto-policy-like-a-large-buffet-says-anthony-scaramucci-you-have-to-eat-everything-at-the-table">Anthony Scaramucci Compares Trump&#8217;s Crypto Policy To Mar-A-Lago Buffet: &#8216;You Have To Eat Everything At The Table&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Movers

Trading Ideas

$USDC

COIN

Coinbase CEO Brian Armstrong Believes Traditional Banks Launching Own Stablecoins 'Not Necessarily The Best' Path— Pitches USDC As Option

Press Releases

Early Santa Claus Rally Highlights Power Nickel Inc. (TSXV: PNPN) and Other Stocks to Watch Now!

Cadrenal Therapeutics Provides 2024 Year-End Company Update, Reinforcing Clinical Development Plan for Tecarfarin in LVAD and Other Rare Cardiovascular Indications

Cadrenal Therapeutics to Participate in the Lytham Partners 2025 Investor Healthcare Summit on January 13, 2025

Cadrenal Therapeutics to Present at BIO CEO & Investor Conference

Cadrenal Therapeutics Announces Chief Medical Officer Transition to Advance Clinical Development of Tecarfarin

Cadrenal Therapeutics Announces Collaboration Agreement with Abbott in Support of Pivotal Study of Tecarfarin in Patients with HeartMate 3™ LVAD

Cadrenal Therapeutics Reports Full Year 2024 Results, Business Highlights, and Path Forward for Clinical Advancement of Tecarfarin

Cadrenal Therapeutics Participates in Key Medical and Business Development Conferences

Cadrenal Therapeutics to Present at Inaugural Centri Capital Conference at Nasdaq

Cadrenal Therapeutics Reports First-Quarter 2025 Financial Results and Provides Corporate Update

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