Greenwave Tech Solns Azioni (NASDAQ: GWAV)

Ultime notizie per Greenwave Tech Solns (NASDAQ:GWAV) Azioni

Greenwave Tech Solns

Greenwave Technology Solutions Inc through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.

Greenwave Technology Solutions, Inc. - Common Stock

Greenwave Technology Solutions Inc

This collaboration aims to accelerate the adoption of blockchain-based security solutions within the Web 3.0 ecosystem, with a strong focus on post-quantum cryptography, Internet of Things (IoT) security, and financial sector resilience against emerging cyber threats.

News

LAES

WKEY

SEALSQ To Acquire 30% Stake In WeCanGroup To Advance Post-Quantum Blockchain Security Across Finance And IoT

In agreement and with support from the local public health agency, the Agence Régionale de Santé La Réunion, Valneva will provide 40,000 doses starting early April, with an option to provide more, through distribution agreements with the Island's wholesalers. This supply of doses, paid for by the French authorities, is in line with the recommendation of France's national public health agency, the Haute Autorité de Santé (HAS), to prioritize for vaccination adults aged 65 and over, with co-morbidities. IXCHIQ&#xAE; remains available for purchase in France (mainland and overseas).

VALN

France Taps Valneva To Combat Chikungunya Outbreak In La Réunion With Initial 40,000-Dose Supply Of IXCHIQ

Agreement signed with Middle East Task Company (METCO) to deliver LVSS light truck-based surveillance systems, integrating advanced radar and long-range thermal imaging technology

Contracts

Teledyne FLIR Defense Secures $7.8M Contract To Deliver Mobile Surveillance Systems To Saudi Military Via METCO

<ul>
<li>Stake acquired by SKIMS for next chapter of brand journey</li>
<li>Coty to use proceeds to progress deleveraging strategy and invest in wider brand portfolio innovations</li>
</ul>

COTY

Reported Friday, Coty Divests Remaining Interest in SKKN by Kim, Uses Proceeds To Advance Deleveraging And Brand Innovation Initiatives

On Friday, Tesla Inc&#8217;s Chinese rival Nio Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)&nbsp;informed investors to expect underwhelming first-quarter results.
What Happened: The Chinese electric vehicle manufacturer anticipates delivering up to 43,000 vehicles by March 31, with projected revenue of approximately 12.9 billion yuan ($1.8 billion), according to a <a href="https://www.bloomberg.com/news/articles/2025-03-21/ev-maker-nio-flags-lackluster-first-quarter-pledges-cost-cuts">report</a> by Bloomberg. The market expected deliveries of 65,000 units and 17.8 billion yuan ($2.46 billion) in revenue.
Chief Financial Officer Stanley Qu emphasized the company&#8217;s commitment to enhancing profitability through cost reductions driven by technological advancements.
Despite over a decade in the market, Nio continues to face challenges in achieving full-year profitability, primarily due to high research and development expenses and significant operational costs.
See Also:<a href="https://www.benzinga.com/markets/equities/25/03/44434973/tesla-record-highest-trade-ins-amid-backlash-against-ceo-elon-musk-surge-in-vandalism"> Tesla Record Highest Trade-Ins Amid Backlash Against CEO Elon Musk, Surge In Vandalism</a>
While Contemporary Amperex Technology Co. Ltd. recently agreed to invest up to 2.5 billion yuan in a battery-swapping network with Nio, consumer acceptance of this recharging method remains uncertain.
Nio has also received funding from strategic investors, including a 3.3 billion yuan ($455.22 million) investment from Hefei government-backed funds and a $2.94 billion capital injection from Abu Dhabi's CYVN Holdings in 2023.
Why It Matters: To boost sales, Nio has introduced new brands, Onvo and Firefly, and is restructuring its operations. The company plans to launch nine new or revamped models this year, aiming to increase its gross margin.
CEO William Li aims for profitability by Q4 2025 and to double sales to around 440,000 vehicles this year.
The warning from Nio comes amid a competitive landscape in the electric vehicle sector. Earlier this month, Nio reported a <a href="https://www.benzinga.com/25/03/44433594/nio-misses-revenue-estimates-lowers-q1-forecast-amid-stronger-competition-in-ev-market">miss on its fourth-quarter revenue estimates</a>, despite a 15.2% year-over-year increase. The company also reported a larger-than-expected adjusted loss per share, highlighting ongoing financial challenges.
Nio holds a momentum rating of 56.47% and a growth rating of 81.50%, according to <a href="https://www.benzinga.com/report/NIO">Benzinga's Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock&#8217;s historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities, <a href="https://www.benzinga.com/screener/top-momentum-stocks">sign</a> <a href="https://www.benzinga.com/screener/top-momentum-stocks">up for Benzinga Edge.</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="866" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24021451/Nio-Edge-rankings.jpg" alt="" class="wp-image-837629" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24021451/Nio-Edge-rankings.jpg 866w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24021451/Nio-Edge-rankings-300x52.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24021451/Nio-Edge-rankings-768x134.jpg 768w" sizes="(max-width: 866px) 100vw, 866px" /></figure>
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44432174/tesla-owners-might-have-to-pay-more-for-insurance-amid-a-surge-in-attacks-on-elon-musk-led-ev-giants-vehicles-expert">Tesla Owners Might Have To Pay More For Insurance Amid A Surge In Attacks On Elon Musk-Led EV Giant&#8217;s Vehicles: Expert</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Nio

Equities

Markets

Tech

Tesla's Chinese Rival Nio Warns Of Disappointing Q1 Results: Deliveries, Revenue Set To Miss Estimates

Influential cryptocurrency trader Glauber Contessoto, popularly known as&nbsp;SlumDOGE Millionaire, predicted a bullish future for Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) on Sunday, describing it as the &#8220;most undervalued.&#8221;
What Happened: In an X post, Contessoto emphasized that FLOKI, being the &#8220;biggest meme coin&#8221; on BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), shouldn&#8217;t be taken lightly.
With a total of 449,070 <a href="https://dappbay.bnbchain.org/discover/meme-coins">holders</a>, FLOKI was indeed the largest meme coin on the BNB Chain, though its Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-compatible version also exists.
The trader also discussed the potential of the biggest meme coins on major blockchains, saying, &#8220;The biggest meme coin on every major blockchain does numbers when the market goes up, especially on the 4th year of each crypto cycle.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> being the biggest meme coin on BNB should not be taken lightly. The biggest meme coin on every major blockchain does numbers when the market goes up, especially on the 4th year of each crypto cycle. This means the biggest meme coin on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> which is <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> will do… <a href="https://t.co/LaEsH5DvyV">https://t.co/LaEsH5DvyV</a>
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1903891061854044234?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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&#8220;Out of the top 3 major blockchains with meme coins &#8211; FLOKI is currently the most undervalued of all right now,&#8221; Contessoto asserted.
The Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) 4-year cycle, which consists of a halving event followed by periods of bull and bear markets, has been talked about and debated significantly over the years. However, some analysts <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43627642/the-bitcoin-4-year-cycle-is-dead-analyst-says-adapt-or-die">believe </a>the trend has become obsolete and a new market structure shaped by exchange-traded funds and macroeconomic trends has replaced it.
Notably, Contessoto<a href="https://drupal-cloudfront.benzinga.com/topic/slumdoge-millionaire" target="_blank" rel="noreferrer noopener">&nbsp;gained fame for his early belief</a>&nbsp;in&nbsp;Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), claiming that he went from being a struggling music producer to a millionaire in 69 days.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters:&nbsp; Contessot previously encouraged his followers to <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43874379/dogecoin-millionaire-pushes-conviction-plays-like-pepe-like-theres-no-tomorrow-best-time-to-start-buying">seize opportunities</a> presented by market corrections and grab &#8220;conviction plays&#8221; like FLOKI. However, since that endorsement, the canine coin has fallen over 30%.
The Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a &#8220;Neutral&#8221; signal for FLOK, <a href="https://in.tradingview.com/symbols/FLOKIUSDT/technicals/">according </a>to TradingView. However, the Momentum indicator, which compares the short-term price and long-term price, flashed a "Sell" signal, suggesting that a correction might happen soon.
Price Action: At the time of writing, FLOKI was exchanging hands at $0.00006483, up 3.43% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin has plunged over 63%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>
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--tw-contain-style: ;">&nbsp;This content was partially produced with the help of&nbsp;<a style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; 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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BNB

$BTC

$DOGE

$ETH

$FLOKI

Dogecoin 'Millionaire' Predicts Big Numbers For Floki, Calls It 'Most Undervalued' Despite Memecoin Dropping 30% Over A Month

Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims

RIOT

Reported Friday, Riot Platforms Moves To Acquire Rhodium's Rockdale Assets In $185M Deal, Reaching Settlement To End Ongoing Litigation

The newly formed joint venture will be named Oasis Venture Holdings, LLC, and will consist of the Aluminum Cup business, including its commercial, supply chain and manufacturing teams and the plant in Rome, Georgia, which will serve as the venture's new headquarters.&nbsp;Ayna and Ball, the minority investor, will work together to expand the Cup's customer base while continuing to uphold the highest operational standards and a steadfast commitment to exceptional customer service. Ball has a long track record of creating successful joint ventures for financial and category growth, including the heritage glass business in the late 1980s and early 1990s and Ball Metalpack, among others.

Small Business

BALL

Reported Friday, Ball And Ayna.AI Partner In 49:51 Joint Venture To Scale Aluminum Cup Business,  Establishing Rome, Georgia As HQ

Reported Friday, Grupo Aeroportuario del Pacífico Refinances $40M Credit Facility With Citibanamex, Extends Maturity By Six Months

<ul>
<li>AbbVie Inc. files complaint against Genmab in the U.S. District Court for the Western District of Washington (Seattle)</li>
<li>Genmab categorically refutes allegations and will vigorously defend the company</li>
</ul>

ABBV

GMAB

Reported Friday, Genmab Refutes AbbVie's Trade Secret Allegations Tied to ADC Technology, Vows Vigorous Defense Amid Lawsuit Over ProfoundBio's Rina-S

<ul>
<li>Combines World-Class Talent with Shared Cultures Focused on Providing Winning Solutions Across the Customer Value Chain</li>
<li>Unites Highly Complementary Offerings of Leading Exterior Brands and Significantly Expands James Hardie's Total Addressable Market</li>
<li>Expected to Accelerate James Hardie's Revenue Growth Trajectory and Generate at Least $350 Million of Additional Annual Adjusted EBITDA from Synergies when Fully Realized</li>
<li>Expected to be Accretive to James Hardie's Cash Earnings Per Share in First Full Fiscal Year After Closing</li>
<li>Combined Company's Compelling Value Proposition, Increased Scale, Significant Runway for Enhanced Financial Growth and Two Major Global Listings Unlocks Potential for Valuation Uplift</li>
<li>Companies to Host Investor Conference Call Today, March 24, 2025 at 9:00am Australian Eastern Daylight Time / March 23, 2025 at 6:00pm U.S. Eastern Time</li>
</ul>

AZEK

Reported Earlier, James Hardie To Acquire AZEK For $8.75B, Creating Exterior Building Products Leader With $350M In Synergy Upside

Microsoft Corporation co-founder Bill Gates and legendary Indian Cricket player Sachin Tendulkar last week played a lighthearted game of "Crennis," sparking playful banter on social media and an invitation to Roger Federer and Satya Nadella to join in.
What Happened: In a video shared by Tendulkar on X, formerly Twitter, saying "Sport teaches us teamwork, life demands the same. Crennis was fun, but the real action is brewing with Sachin Tendulkar Foundation &amp; Gates Foundation."
The video features Gates joking, "I thought we were playing tennis," as Tendulkar corrects him, "Bill, I said Crennis—a mix of cricket and tennis."
The two go on to play a jovial match on a tennis court, with Tendulkar using the street cricket rule "one tip, one hand" to call Gates out.
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/02/43862276/why-theres-no-new-steve-jobs-or-zuckerberg-bill-gates-names-the-only-20-something-founder-whos-still" target="_blank" rel="noreferrer noopener">Why There's No New Steve Jobs Or Zuckerberg — Bill Gates Names The Only 20-Something Founder Who's Still In The Game</a>
Gates is later seen reading a fictional Rules of Crennis book as the duo mixes cricket strokes with tennis serves, wrapping up their game with Mumbai's iconic street food, vada pav.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Looks like I found my next sport! I look forward to trying my hand at Crennis with you both <a href="https://twitter.com/sachin_rt?ref_src=twsrc%5Etfw">@sachin_rt</a> <a href="https://twitter.com/BillGates?ref_src=twsrc%5Etfw">@BillGates</a> &#x1f60a;
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1903247594832400669?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
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Microsoft CEO Nadella responded to the video saying he'd love to try the game himself. In response, Gates said, "Done," and then extended an invitation to tennis icon Federer, saying to join them for a "doubles Crennis match,"
<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">Done <a href="https://twitter.com/satyanadella?ref_src=twsrc%5Etfw">@satyanadella</a>. It was fun playing with my friend <a href="https://twitter.com/sachin_rt?ref_src=twsrc%5Etfw">@sachin_rt</a>! I invite my friend <a href="https://twitter.com/rogerfederer?ref_src=twsrc%5Etfw">@rogerfederer</a> to also join us for a doubles crennis match! <a href="https://t.co/xrddUe8p9p">https://t.co/xrddUe8p9p</a>
&mdash; Bill Gates (@BillGates) <a href="https://twitter.com/BillGates/status/1903602810652082591?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
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Why It's Important: Gates has long been known for his <a href="https://www.benzinga.com/25/03/44447928/microsoft-co-founder-bill-gates-calls-pickleball-a-funny-american-gamebut-hes-been-obsessed-with-it-for-50-years-and-wants-you-to-try-it-too">passion for unique sports</a>.
In an interview with India&#8217;s Times Now TV channel, he <a href="https://www.benzinga.com/25/03/44447928/microsoft-co-founder-bill-gates-calls-pickleball-a-funny-american-gamebut-hes-been-obsessed-with-it-for-50-years-and-wants-you-to-try-it-too">shared his love</a> for Pickleball, a quirky racquet sport that he has been fond of for decades. Gates mentioned that he enjoys playing tennis, pickleball, and bridge, highlighting his interest in diverse recreational activities.
The Microsoft co-founder currently has a net worth of $162 billion, making him the seventh richest person on Bloomberg's Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>.
Photo by Frederic Legrand &#8211; COMEO on Shutterstock
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>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39240224/bill-gates-upcoming-autobiography-source-code-talks-about-him-feeling-misfit-as-a-kid-and-the-rebell" target="_blank" rel="noreferrer noopener">Bill Gates' Upcoming Autobiography ‘Source Code' Talks About Him Feeling ‘Misfit' As A Kid And The ‘Rebellious' Teenage Phase: ‘I'm Planning To Write Two More Memoirs…'</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.

Bill Gates Plays 'Crennis' With Indian Cricket Legend Sachin Tendulkar, Invites Roger Federer And Satya Nadella To Join Doubles Match

<ul>
<li>Intends to use Proceedings to Conduct a Value-Maximizing Sale Process and Resolve Liabilities</li>
<li>Company Expects to Continue Business Operations in the Ordinary Course During Proceedings; Secures Commitment for Approximately $35 Million in DIP Financing to Support Ongoing Operations</li>
<li>No Changes to Customer Data Management and Access; Company Remains Committed to Transparency Around Customer Data Privacy; Any Buyer will be Required to Comply with Applicable Law with Respect to Treatment of Customer Data</li>
<li>Company Announces Board and Leadership Changes to Support Restructuring and Sale Process</li>
</ul>

Reported Earlier, 23andMe Initiates Voluntary Chapter 11 To Pursue Strategic Sale, Secures $35M DIP Financing, Appoints Joe Selsavage Interim CEO

The warrants will have an exercise price of $0.86 per share and will be immediately exercisable upon issuance for a period of five years following the date of issuance. All of the shares of common stock and associated warrants are being offered by the Company. The offering is expected to close on March 25, 2025, subject to satisfaction of customary closing conditions.

RNAZ

Reported Earlier, TransCode Therapeutics Prices Registered Direct Offering At $0.98 Per Share, Raising $10M Through Sale Of 10.25M Shares And Warrants

<ul>
<li>COAST Phase 3 trial failed to meet primary endpoint of mean change in BCVA from baseline to week 52</li>
<li>Opthea considering impact of negative trial results under its Development Funding Agreement and on the Company as a going concern</li>
</ul>

Opthea's Phase 3 COAST Trial Fails To Meet Primary Endpoint, Casting Doubt On Company's Future And Triggering Solvency Concerns

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For March 49.5 Vs. 53.7 Prior

The cryptocurrency market rose for the second week in a row, with meme coins and decentralized finance-based tokens powering the surge.
What happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Fartcoin topped the gainers list with an astounding 83% rally over the previous week.&nbsp;
The unconventional meme token hit a 5-week high of $0.56 on Sunday, blasting past the $550 million market capitalization.
That said, the rally might not sustain itself for long. Influential cryptocurrency analyst Ali Martinez spotted a sell signal for the coin on the TD Sequential Indicator, indicating a potential pause or correction.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential indicator timed the bottom for <a href="https://twitter.com/hashtag/Fartcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Fartcoin</a> with a buy signal on the 12-hour chart. Now, it's flashing a sell signal, suggesting a potential pause or pullback ahead. <a href="https://t.co/lBk3sMUHYO">pic.twitter.com/lBk3sMUHYO</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1903829086935687361?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+83.56%</td>
<td>$0.5511</td>
</tr>
<tr>
<td>PancakeSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/cake/usd">CAKE</a>)</td>
<td>+33.33%</td>
<td>$2.65</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+25.91</td>
<td>$0.00001344</td>
</tr>
</tbody>
</table>
</figure>
CAKE, the native token of decentralized exchange PancakeSwap, recorded yet another successful week, surging over 33%. The rise was likely <a href="https://defillama.com/dexs">aided by a 41% jump</a> in trading volume on the platform over the week.
Another Solana-based meme coin, BONK, capped the week as the market's third largest gainer, gaining over 25%. The canine coin jumped to a 3-week high.
Widely followed cryptocurrency trader CW noted BONK's breakout from a falling wedge formation, widely interpreted as a bullish reversal pattern.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a> has broken out of a falling wedge pattern. The rally is starting. There are only two sell walls above. As break through these sell walls, there are no more sell walls. The breakout of these two sell walls will signal the start of a bullish run for <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BONK</a>. <a href="https://t.co/B4naK95Mkg">pic.twitter.com/B4naK95Mkg</a>
&mdash; CW (@CW8900) <a href="https://twitter.com/CW8900/status/1903692339006283975?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Market heavyweights Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also made meaningful strides last week, gaining 3.60% and 5.63%, respectively.
The more established meme coins, however, struggled. While Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) barely changed with a 0.46% move, Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) slid 3.45% over the week.
Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) finished the week at a healthy 4.36% spike, bolstered by President Donald Trump's <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44451586/trump-meme-coin-spikes-retreats-after-potus-takes-to-truth-social-for-greatest-of-them-all-post-whale-takes-losses">promotion</a>.
The total cryptocurrency market capitalization expanded 3.6% over the week to $2.83 trillion.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363871/peter-schiff-slams-bitcoin-etfs-calls-selling-gold-for-btc-worst-timed-trade-in-history">Peter Schiff Slams Bitcoin ETFs, Calls Selling Gold For BTC &#8216;Worst-Timed Trade In History&#8217;</a></li>
</ul>

$BONK

$CAKE

$SHIB

$SOL

$TRUMP

Bitcoin, Ethereum Ticked Higher But Dog-Themed Bonk Stole The Spotlight With A 33% Rally Last Week

Kai-Fu Lee, the former head of Alphabet Inc.'s (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>) Google China and founder of AI startup 01.AI, says the <a href="https://www.benzinga.com/news/24/02/37179799/elon-musk-taunts-sam-altman-and-openai-over-open-image">rise of open-source AI</a> models like DeepSeek has exposed an existential risk to OpenAI's business—and he's pivoting his company accordingly.
What Happened: On Saturday, Lee shared a clip from his interview with Bloomberg, in which he stated that the AI industry is consolidating around a few foundational models—and that open source is emerging as the inevitable winner.
"In both U.S. and China, the pre-training of a giant model has consolidated… it's become clear that open-source will be the winner," Lee said. He added that closed model companies like OpenAI "got shocked when they saw a model as good" as DeepSeek's.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/03/44429586/elon-musk-says-hang-on-to-your-stock-in-surprise-late-evening-tesla-all-hands-meeting-touts-7-million-evs-optimus-robot-and-ai-supercomputer-dojo" target="_blank" rel="noreferrer noopener">Elon Musk Says ‘Hang On To Your Stock' In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a>
Lee also pointed out the dramatic cost disparity between the two approaches.
&nbsp;"OpenAI's cost was $7 billion in 2024. DeepSeek probably operated with 2% of that."
He questioned the long-term sustainability of OpenAI's business model, especially when competing against open-source projects that offer similar quality at a fraction of the cost.
"With that kind of formidable competitor, I think Sam Altman is probably not sleeping well," he added.
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.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The biggest revelation from Deepseek is that Open Source has won. For a 1% difference in performance, it will be difficult for OpenAI to justify its price when the competition is free and formidable. -from my interview with Bloomberg <a href="https://t.co/7DiaMZ5GWw">pic.twitter.com/7DiaMZ5GWw</a>
&mdash; Kai-Fu Lee (@kaifulee) <a href="https://twitter.com/kaifulee/status/1903277837978833170?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
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Why It's Important: The open source vs. closed source AI model debates have also <a href="https://www.benzinga.com/news/24/07/39925842/elon-musk-agrees-with-arch-rival-mark-zuckerberg-after-meta-ceo-slams-closed-providers-like-openai-f">drawn support from key figures</a> like Elon Musk and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg, who have both voiced support for more transparent development in AI.
Last year, Google introduced Gemma, a new family of open-source AI models. It is based on the same research and technology behind Gemini, Google&#8217;s <a href="https://www.benzinga.com/media/25/02/43683647/ex-google-ceo-eric-schmidt-warns-if-west-doesnt-get-its-act-together-on-open-source-ai-china-will-become-the-leader-if-we-dont-do-something">proprietary closed-source AI model</a> that powers the Gemini chatbot (formerly Bard).
In January, DeepSeek's open-source models, including its R1 release, disrupted the market—<a href="https://in.benzinga.com/markets/equities/25/03/44350873/nvidia-faces-new-ai-challenge-as-chinese-start-up-unveils-framework-to-cut-reliance-on-its-gpus">triggering a $593 billion</a> selloff in Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market cap.
Last month, <a href="https://in.benzinga.com/markets/25/02/43878215/chinas-deepseek-to-open-source-key-code-repositories-in-a-bid-for-full-transparency">DeepSeek announced its decision</a> to open-source five of its code repositories. For many tech companies, open-sourcing code is a major decision, as these repositories often contain crucial intellectual property.
This approach stands in stark contrast to OpenAI, which has maintained a closed-source strategy.
Despite mounting competition from DeepSeek, ChatGPT remains widely popular. According to OpenAI's Chief Operating Officer, Brad Lightcap, the platform saw a 33% increase in users since December and now boasts over 400 million weekly active users as of February.
Image via Shutterstock
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>.
Read Next:
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<li><a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed" target="_blank" rel="noreferrer noopener">Apple Reportedly Fights UK Government's ‘Unacceptable' Encryption Order Behind Closed Doors — No Press Or Public Allowed</a></li>
</ul>

Media

GOOG

GOOGL

NVDA

Former Google China Head Bets Big On DeepSeek: 01.AI Founder Explains Why 'Sam Altman Is Probably Not Sleeping Well'

As Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) stock soars 20.97% year-to-date, Harvard professor and economist Jason Furman has delivered a measured critique of CEO Alex Karp&#8216;s new book, arguing it prioritizes cultural solutions over concrete policy recommendations.
What Happened: Furman wrote on X that &#8220;The Technological Republic&#8221; by Karp and Palantir Office of the CEO Nicholas Zamiska &#8220;advocates closer link between government and tech to solve big problems from defense to climate,&#8221; but criticized that &#8220;their solution rests on culture, is contemptuous of markets and disinterested in government policy.&#8221;
In his detailed review, Furman described the book as &#8220;perhaps the most cultural argument I have read about what has gone wrong with big tech and how to fix it.&#8221; He noted Karp and Zamiska want Silicon Valley to mirror their approach: patriotic Americans supporting national interests rather than focusing solely on consumer products.
The book argues that &#8220;the software industry should rebuild its relationship with government&#8221; to address pressing challenges, but Furman found himself &#8220;waiting for policy solutions&#8221; that never materialized. Instead, the authors offer cultural shifts as the primary remedy.
&#8220;I find myself in sympathy with many of their cultural arguments,&#8221; Furman acknowledged but questioned their &#8220;disdain for a classical liberal conception of capitalism&#8221; and lack of concrete governmental policy proposals.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Technological Republic by Alexander Karp &amp; Nicholas Zamiska advocates closer link btwn govt &amp; tech to solve big problems from defense to climate. But their soln rests on culture, is contemptuous of markets &amp; disinterested in govt policy. My review <a href="https://t.co/8A9cu0HH9Y">https://t.co/8A9cu0HH9Y</a>
&mdash; Jason Furman (@jasonfurman) <a href="https://twitter.com/jasonfurman/status/1903891895513686084?ref_src=twsrc%5Etfw">March 23, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/markets/25/03/44451565/mohamed-el-erian-says-week-ahead-packed-with-data-for-global-markets-as-feds-inflation-measure-central-bank-moves-and-chinas-outlook-dominate">Mohamed El-Erian Says Week Ahead &#8216;Packed&#8217; With Data For Global Markets As Fed&#8217;s Inflation Measure, Central Bank Moves, And China&#8217;s Outlook Dominate</a>
Why It Matters: The book&#8217;s timing is notable as Palantir&#8217;s market capitalization has surged to $207 billion, exceeding traditional defense contractor Lockheed Martin Corp. Wedbush Securities analyst Dan Ives has dubbed Palantir the &#8220;Messi of AI,&#8221; predicting 2025 will be a breakout year for <a href="https://www.benzinga.com/markets/equities/24/12/42546044/alex-karp-jokes-about-cult-label-as-stanley-druckenmiller-praises-his-book-after-palantir-soars-nearly-350-in-2024">the company&#8217;s AI platform</a>.
Karp, whose Palantir holdings recently <a href="https://in.benzinga.com/media/25/03/44275158/palantir-ceo-becomes-top-earning-tech-boss-as-ai-stock-soars-216-report">surged to $12.8 billion from $2.2 billion</a> at the beginning of 2024, has emerged as the highest-earning U.S. tech CEO. The company is set to join the S&amp;P 100 index, solidifying its remarkable rise during the AI boom and following President Donald Trump&#8216;s return to the presidency.
Price Action: Palantir closed at $90.96 on Friday, up 4.09% for the day. In after-hours trading, the stock rose slightly to $91.21, gaining an additional 0.27%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. Over the past year, Palantir&#8217;s stock has surged 271.11%.
Benzinga <a href="https://www.benzinga.com/quote/PLTR">Edge Rankings</a> tell the full story about why Palantir enjoys a premium valuation. Check out momentum and growth scores here
<figure class="wp-block-image aligncenter size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/23232012/Screenshot-2025-03-24-at-8.49.26%E2%80%AFAM.png" alt="" class="wp-image-837486" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/03/44450807/zuckerberg-says-2025-will-be-the-year-an-ai-assistant-hits-1-billion-users-and-he-wants-it-to-be-meta-ai" target="_blank" rel="noreferrer noopener">Zuckerberg Says 2025 Will Be The Year An AI Assistant Hits 1 Billion Users—And He Wants It To Be Meta AI</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

Palantir CEO Alex Karp's 'Technological Republic' Vision Faces Harvard Economist's Critique: 'Contemptuous Of Markets'

Renowned economist&nbsp;Peter Schiff&nbsp;expressed doubts on Saturday that China would engage in a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) buying competition with the U.S., a view previously espoused by Senator&nbsp;Cynthia Lummis&nbsp;(R-WY).
What Happened:&nbsp;Schiff took to X, questioning the <a href="https://x.com/CynthiaMLummis/status/1882123046712201663">narrative </a>of a potential Bitcoin &#8216;arms race&#8217; between the U.S. and China. 
&#8220;In January, Cynthia Lummis said&nbsp;that she thought China would&nbsp;get into the equivalent of&nbsp;an arms race with the&nbsp;U.S. over which nation could&nbsp;buy the most Bitcoin. I&nbsp;doubt it, especially if China&nbsp;was smart enough to have&nbsp;sold all of its Bitcoin&nbsp;during that month,&#8221; Schiff wrote.
The Bitcoin critic referenced a January report that detailed the Asian giant&#8217;s potential sale of nearly $20 billion in seized Bitcoin, although the claims have yet to be confirmed.
<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">In Jan. <a href="https://twitter.com/CynthiaMLummis?ref_src=twsrc%5Etfw">@CynthiaMLummis</a> said that she thought China would get into the equivalent of an arms race with the U.S. over which nation could buy the most Bitcoin. I doubt it, especially if China was smart enough to have sold all of its Bitcoin during that month.<a href="https://t.co/rK1pjcETLK">https://t.co/rK1pjcETLK</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1903506724960559252?ref_src=twsrc%5Etfw">March 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to <a href="https://bitcointreasuries.net/">data </a>from Bitcoin Treasuries, China is the second-largest government holder of Bitcoin behind the U.S., with 190,000 BTC, worth $16.33 billion as of this writing.
While cryptocurrency trading and mining remain banned in China, rumors have floated around that the country has been&nbsp;<a href="https://in.benzinga.com/25/03/44100824/china-working-behind-closed-doors-to-create-strategic-bitcoin-reserve-says-bitcoiner-who-orange-pilled-trump" target="_blank" rel="noreferrer noopener">working behind closed doors</a>&nbsp;to create a Strategic Bitcoin Reserve on the lines of the U.S.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">Cathie Wood Believes Most Memecoins Will Face &#8216;Fearsome Declines,&#8217; But They Could End Up Becoming Collector&#8217;s Items</a>
Why It Matters:&nbsp; Schiff&#8217;s comments added to his ongoing critique of Bitcoin and the U.S. government&#8217;s approach to the leading cryptocurrency. He <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44444273/peter-schiff-says-strategic-bitcoin-reserve-is-a-scam-to-lure-americans-into-buying-more-c">previously warned</a> that a Strategic Bitcoin Reserve could lead to more Americans losing money in cryptocurrency than in any other speculative mania in history.
He also predicted that the<a href="https://in.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold"> reserve could accelerate the demise of the U.S. dollar</a>, with gold emerging as the ultimate winner.
In fact, Schiff even established his own strategic Bitcoin reserve, pledging not to sell any of it as a way to<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44212604/peter-schiff-establishes-personal-strategic-bitcoin-reserve-vows-not-to-sell-going-down-wi"> mock</a> President Donald Trump&#8217;s declaration. As per on-chain data, the so-called reserve holds $4,534.24 in Bitcoin at the time of writing.
Price Action: At the time of writing, Bitcoin was exchanging hands at $86,078.93, up 2.36% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Shutterstock
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Bitcoin Arms Race: Peter Schiff Doubts Cynthia Lummis' Theory That China Wants To Take On US — 'Smart Enough To Have Sold'

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