Ultime notizie per Paysafe (NYSE:PSFE) Azioni

Paysafe

Paysafe Ltd is an integrated payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. The company provides payment solutions through three primary lines of business: Integrated Processing, Digital Wallet and eCash Solutions. It derives a majority of revenue from the USA followed by Germany, the UK, and all other countries.

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

KYTX

PSFE

RMBL

I titoli da tenere d&#39;occhio oggi: Home Depot, RumbleOn, Paysafe, Kyverna Therapeutics e XP Inc. nel pre-market.

Pre-market: 5 titoli da monitorare oggi, 13 agosto 2024

Paysafe Ltd

Paysafe Limited Warrants, exercisable for one Common Share of Paysafe Limited at a price of $11.50 per share

Pharming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAR#NASDAQ">PHAR</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.01 by 400 percent. This is a 225 percent increase over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $92.70 million which beat the analyst consensus estimate of $80.74 million by 14.81 percent. This is a 14.16 percent increase over sales of $81.20 million the same period last year.

Earnings Beats

PHAR

Pharming Q4 2024 GAAP EPADS $0.05 Beats $0.01 Estimate, Sales $92.70M Beat $80.74M Estimate

Economist and market commentator Peter Schiff warned on Wednesday that Americans would bear the brunt of the impact should the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) &#8220;bubble&#8221; burst.
What Happened: During his podcast, Schiff disputed the notion that the U.S. establishing a Strategic Bitcoin Reserve would spark a global race to acquire BTC.
&#8220;If the U.S. government is not going to buy any Bitcoin, then why is anybody else?&#8221; Schiff questioned. &#8220;I never believed that other countries would be dumb enough to buy Bitcoin just because we did it.&#8221;
The Bitcoin critic argued that the U.S. did it because politicians were influenced by the cryptocurrency lobby, an <a href="https://www.benzinga.com/mark">allegation</a> that he has also made in the past.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f534; LIVE! The Peter Schiff Show Podcast &#8211; Ep 1015<a href="https://t.co/9AGHX4zH9K">https://t.co/9AGHX4zH9K</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1899870712338215407?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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Schiff also stated that the U.S. has the world&#8217;s biggest cryptocurrency lobby and that Americans owned more Bitcoin than anyone else.
&#8220;We&#8217;ve got the lion&#8217;s share of this bubble. So when the Bitcoin and crypto bubble pops, where it does the most harm is in the U.S.,&#8221; Schiff opined.
According to the World Population Review, India, followed by the China, had the largest Bitcoin-owning population as of 2023, with the U.S. <a href="https://worldpopulationreview.com/country-rankings/bitcoin-ownership-by-country#united-states">ranking</a> third. That said, institutional Bitcoin adoption was led by firms based out of the U.S., <a href="https://bitcointreasuries.net/">data </a>from Bitcoin Treasuries showed.
Additionally, the largest Bitcoin-based investment vehicles were all U.S.-based, led by the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).
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/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc">House Committee Favors Stablecoin Regulation To &#8216;Strengthen&#8217; Dollar: Majority Whip Says CBDCs Against &#8216;American Values&#8217;</a>
Why It Matters: Schiff&#8217;s comments come in the wake of the U.S. government&#8217;s decision to hold Bitcoin as a reserve asset, a move he has previously criticized. Schiff branded such investments&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources" target="_blank" rel="noreferrer noopener">"waste of resources"</a> and predicted that they would end up damaging the U.S. dollar.
Schiff's views on Bitcoin have been controversial in the cryptocurrency community,&nbsp;<a href="https://www.benzinga.com/24/11/41998869/analyst-says-bitcoin-lives-rent-free-in-peoples-minds-after-peter-schiffs-cheeky-social-security-trust-remark" target="_blank" rel="noreferrer noopener">with many accusing him of engagement farming</a>&nbsp;by repeatedly mentioning the leading asset in his social media posts.
Price Action: At the time of writing, Bitcoin was exchanging hands at $83,447.18, up 2.09% 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
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44268317/sec-postpones-approval-of-several-crypto-spot-etfs-says-influential-analyst">Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says &#8216;Relatively High&#8217; Odds Of Approval</a></li>
</ul>

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

Cryptocurrency

$BTC

IBIT

Peter Schiff Warns Americans Will Be Harmed Most When Bitcoin Bubble Pops, Says US Has Biggest Crypto Lobby

ZLAB

Reported Earlier, Zai Lab's BLA For TIVDAK Accepted In China For Recurrent Or Metastatic Cervical Cancer

2024 Financial Results
The financial results for Anteris for the year ended December 31, 2024 are reviewed below. All amounts in $ refer to U.S. dollars.
<ul>
<li>Net Sales for 2024 were $2.7 million</li>
<li>Net Loss after Income Tax for 2024 was $76.0 million</li>
<li>Closing cash balance at December 31, 2024 was $70.5 million</li>
</ul>

Reported Earlier, Anteris Technologies 2024 Sales $2.7M And Net Loss after Income Tax $76M

TRTX

Reported Earlier, TPG RE Finance Trust Prices $1.1B Commercial Real Estate Collateralized Loan Obligation With 30-Month Reinvestment Period

ORCL

Reported Earlier, Oracle Introduces Agentic AI To Help Financial Institutions Automate Crime Investigations

Nuveen California Dividend Advantage Municipal Fund 2

Reported Earlier, NOVONIX Approved To Buy 182-Acre Site For New Chattanooga Battery Materials Plant

Reported Earlier, WeRide Gets Green Light For Commercial Robotaxi Operations In Central Beijing, Connecting To South Railway Station

TARS

Reported Earlier, Tarsus Pharmaceuticals Prices Upsized $125M Public Offering At $44.50 Per Share For 2.81M Shares

NetApp intends to use a portion of the net proceeds of this offering to repay its $750 million outstanding principal amount of 1.875% Senior Notes due 2025 at maturity and the remainder of the net proceeds for general corporate purposes.

NTAP

Reported Earlier, NetApp Prices $625M 5.50% Senior Notes Due 2032 And $625M 5.70% Senior Notes Due 2035, Totals $1.25B

Hims & Hers Health, Inc. Class A Common Stock

HIMS

RKLB

Defiance Launches RKLX And HIMZ ETFs For 2X Exposure To Rocket Lab, Hims & Her

Nokia selected to upscale Vodafone Idea's IP backhaul network for superior 4G and 5G experience
<ul>
<li>Nokia's trusted performance in critical network infrastructure strengthens its partnership with Vodafone Idea to deliver robust IP backhaul expansion through high-performance IP/MPLS solutions.</li>
<li>Nokia to deploy products from the 7750 SR and 7250 IXR series, upgrading Vodafone Idea's transport network to deliver superfast speeds and unparalleled customer experience across multiple telecom circles in India.</li>
</ul>

Nokia To Power Vodafone Idea's IP Backhaul Upgrade For Faster, Smarter 4G And 5G Networks

Billionaire entrepreneur Mark Cuban has sounded the alarm on a financial blind spot that he says has quietly derailed more "Shark Tank" deals than most entrepreneurs realize.
What Happened: Speaking at SXSW on Tuesday, Cuban shared a hard-earned lesson from years of vetting companies on the hit show: many small business owners think they're profitable — but when the numbers are scrutinized, they're not.
"I can&#8217;t tell you how many times we&#8217;ve looked under the hood of a business that thought they were profitable, and they weren't," Cuban said.&nbsp;
"They thought their margins were enough to cover their costs, and they didn't," Cuban said, hinting at several deals that unraveled in due diligence.
He stated that many entrepreneurs get caught up in the excitement of selling or building a brand and ignore the financial foundations.
See Also: <a href="https://in.benzinga.com/personal-finance/25/02/43423692/mark-cuban-predicts-the-worlds-first-trillionaire-wont-be-elon-musk-itll-be-whoever-can-master-ai-in-ways-we-never-thought-of">Mark Cuban Predicts The World&#8217;s First Trillionaire Won&#8217;t Be Elon Musk – It&#8217;ll Be Whoever Can Master Ai &#8216;In Ways We Never Thought Of&#8217;</a>
"You're all fired up about what it is you have to do," he added, but knowing about the accounting and everything else is more important because if entrepreneurs don't know that that's calling for trouble.
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<iframe loading="lazy" title="50% of Small Businesses Fail, Don&#039;t Be One of Them: Mark Cuban &#x7C; SXSW LIVE" width="500" height="281" src="https://www.youtube.com/embed/vkJfCMycJRk?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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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's Important: According to the U.S. Bureau of Labor Statistics, about 50% of small businesses fail within the first five years — and poor financial management is often a leading cause.
Cuban's warning highlights a common but critical misstep: failing to track unit economics, profit margins, and cash flow in real time. It's not just a Shark Tank issue — it's a small business epidemic.
Cuban himself started earning money at a young age by selling <a href="https://www.benzinga.com/general/education/24/10/41222013/it-wasnt-anything-horrific-how-12-year-old-mark-cuban-developed-tough-skin-to-reach-billionaire">garbage bags door-to-door</a> when he was 12. A few years later, he made money by selling stamps and coins. During his university years, Mark took on multiple ventures, including working as a bartender, teaching disco lessons, and participating in chain letter schemes.
Today, he has a net worth of $7.69 billion, according to the Bloomberg Billionaires <a href="https://www.bloomberg.com/billionaires/profiles/mark-cuban/">Index</a>.
In 2022, Cuban discussed the <a href="https://www.benzinga.com/startups/24/12/42618228/mark-cuban-admits-ive-gotten-beat-after-losing-20-million-on-shark-tank-startups">financial setbacks</a> he&#8217;s faced on Shark Tank," despite pouring nearly $20 million into various startups. During his appearance on the Full Send Podcast, the billionaire said that his investments haven&#8217;t turned a profit.
One of his biggest losses was Breathometer, a smartphone Breathalyzer startup he called his worst investment. The company secured backing from all five sharks, including Cuban, Lori Greiner, and Kevin O'Leary, making it one of the show's most notable deals.
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/markets/equities/25/03/44219627/mark-cuban-dismisses-commerce-secretary-howard-lutnicks-trade-war-optimism-someone-needs-to-explain-how-capitalism-works">Mark Cuban Dismisses Commerce Secretary Howard Lutnick&#8217;s Trade War Optimism: &#8216;Someone Needs To Explain&#8230;How Capitalism Works&#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.

Tech

Mark Cuban Hints That This One Mistake Has Killed Too Many Shark Tank Deals: 'Thought They Were Profitable And They Weren't'

Martin Shkreli, the controversial former hedge fund manager known as &#8220;Pharma Bro,&#8221; questioned but ultimately defended Palantir Technologies Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) growth projections on Wednesday, calling analysis of the company&#8217;s $4 million average revenue per customer &#8220;flawed.&#8221;
What Happened: Shkreli noted that a common analysis of Palantir suggests only around 20,000 companies can afford its $4 million data analytics suite. He pointed out that some valuation models assume every one of these companies will adopt Palantir&#8217;s services by 2035, justifying its current valuation.
Shkreli, who <a href="https://www.benzinga.com/markets/equities/25/02/43485885/pharma-bro-martin-shkreli-defends-palantirs-valuation-amid-24-surge-says-ai-firms-cash-flow-justifies-expensive-price">previously projected Palantir&#8217;s cash flow</a> from operations would reach $1.8 billion in 2025, countered that the analysis overlooks key factors. 
He noted that Palantir&#8217;s software might generate a positive return on investment regardless of budget constraints, its per-seat pricing model could expand market reach, and the company will likely diversify its product offerings.
However, he acknowledged competitive threats from Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), Databricks, and AI startups, while questioning whether any enterprise software company has achieved $50 billion in high-margin license revenue.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">interestingly, the analysis is flawed in a few ways. 1) software like this might SAVE you money, budget is irrelevant when ROIC is + 2) PLTR prices software per seat, so i expect their ARPC would decline over time, allowing them to reach more customers 3) they will put out more…
&mdash; Martin Shkreli (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1899923672820761001?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/25/03/44294190/mohamed-el-erian-says-fed-put-optimism-rises-as-inflation-coolsbut-trump-put-hopes-are-shaken">Mohamed El-Erian Says &#8216;Fed Put&#8217; Optimism Rises As Inflation Cools—But &#8216;Trump Put&#8217; Hopes Are Shaken</a>
Why It Matters: Palantir&#8217;s stock has surged over 50% since President Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/equities/25/03/44212796/palantir-joins-sp-100-after-ai-driven-rally-stock-surges-almost-60-since-trump-victory">November election victory</a>, making it the S&amp;P 500&#8217;s top performer during that period. The company recently joined the S&amp;P 100 index, replacing Dow Inc., effective Mar 24.
The data analytics firm&#8217;s market performance has been driven by its artificial intelligence capabilities, with recent <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">analyst price targets</a> averaging $123.67 among Wedbush Securities, Loop Capital, and Citigroup—implying a 46% upside from current levels.
According to Benzinga Edge Ranking, Palantir outperforms Snowflake in momentum but lags in growth and value metrics.
Palantir <a href="https://www.benzinga.com/quote/PLTR">Edge Ranking</a>: 
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Snowflake <a href="https://www.benzinga.com/quote/SNOW">Edge Ranking</a>:
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Despite his criticisms, Shkreli concluded with a bullish outlook: &#8220;I wouldn&#8217;t bet against them!&#8221;
Price Action: Palantir&#8217;s stock closed on Wednesday at $83.65, up 7.17%, marking a surge of 11.25% year-to-date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/03/44294067/chuck-schumer-blames-gop-for-partisan-path-as-shutdown-nears-republicans-say-democrats-fault-if-government-closes" target="_blank" rel="noreferrer noopener">Chuck Schumer Blames GOP For ‘Partisan Path' As Shutdown Nears—Republicans Say ‘Democrats' Fault' If Government Closes</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.

Equities

PLTR

SNOW

Palantir's $4 Million ARPC Estimate 'Flawed,' Says 'Pharma Bro' Martin Shkreli, But 'I Wouldn't Bet Against Them'

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Building Approvals (MoM) For January 6.3% Vs. 6.3% Est.; 0.7% Prior

JPMorgan Chase CEO Jamie Dimon is well-known in cryptocurrency circles for his fierce criticism of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), even going so far as to dub the leading coin a "fraud."
What Happened: From announcing that he would <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40861078/jpmorgan-ceo-jamie-dimon-said-hed-fire-in-a-second-anyone-caught-trading-bitcoin-when-it-w">&#8220;fire in a second&#8221;</a> any JPMorgan trader seen trading in Bitcoin to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41422079/jpmorgan-boss-jamie-dimon-doubts-bitcoins-21m-supply-cap-despite-5-lines-in-source-code-im">questioning the asset's supply limi</a>t of 21 million, Dimon's views don&#8217;t seem to have evolved.
However, an <a href="https://www.bloomberg.com/features/2024-trump-interview-transcript/">intriguing discussion</a> with President Donald Trump while on the campaign trail last year fueled speculations that Dimon had a change of heart.
While responding to a question about his endorsement of cryptocurrencies during a Bloomberg interview, Trump made a special reference to Dimon.
"Jamie Dimon was, you know, very negative, and now all of a sudden he's changed his tune a little bit," the incumbent president said.&nbsp;
For context, Trump had interacted with Dimon and several other business executives in a private meeting a few days before.
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/25/03/44240035/ethereum-shrinks-over-30-since-eric-trumps-great-time-to-add-eth-suggestion">Eric Trump&#8217;s &#8216;Great Time&#8217; To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call</a>
The JPMorgan CEO stated in a more recent January interview that Bitcoin lacked intrinsic value and claimed it was primarily used by criminal elements. It&#8217;s worth noting that despite these reservations, JPMorgan had a stake in Bitcoin spot exchange-traded funds, including iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), the two largest.
However, Dimon welcomed the usage of blockchain technology and urged that the focus shift away from Bitcoin toward useful use cases enabled by blockchains.
Perhaps this was the sentiment shift Trump talked about. Or perhaps it was something else. Benzinga reached out to the White House and media contacts at JPMorgan for a comment. The story will be updated once they respond.
Price Action: At the time of writing, Bitcoin was exchanging hands at $81,784.98, up 1.92% 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>.&nbsp;
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44239669/peter-schiff-says-hard-to-see-rationale-of-trumps-crypto-reserve-move-if-bitcoin-has-plunged-30-since-january-critics-clap-back-with-store-of-value-narrative">Peter Schiff Says Hard To See Rationale Of Trump&#8217;s Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With &#8216;Store Of Value&#8217; Narrative</a></li>
</ul>

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

Jamie Dimon's Crypto Change Of Heart? Trump Once Claimed Shift, But JPMorgan CEO Still A Skeptic When It Comes To Bitcoin

The over&nbsp;four-year-long legal battle between blockchain company Ripple Labs and the Securities and Exchange Commission could conclude soon, a Fox Business journalist reported Wednesday.
What Happened: Eleanor Trett posted on X that the high-profile case was in the process of &#8220;wrapping up&#8221; and could be over soon, citing &#8220;well-placed&#8221; sources.
Trett said that&nbsp;Ripple&#8217;s legal team was negotiating&nbsp;favorable terms regarding the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">August&nbsp;district court ruling</a> that imposed a $125 million fine on the company and an injunction against future securities law violations. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;SCOOP: Two well-placed sources tell me that the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> vs. <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw">@Ripple</a> case is in the process of wrapping up and could be over soon. My understanding is that the delay in reaching an agreement is due to Ripple&#39;s legal team negotiating more favorable terms regarding the August…
&mdash; Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1899852341374779587?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
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According to Trett, Ripple argues that if the new&nbsp;SEC leadership is <a href="http://benzinga.com/government/regulations/25/03/44100314/sec-drops-lawsuit-against-crypto-exchange-kraken-ceo-calls-it-massive-win-bayc-nft-creator-yuga-labs-also-gets-reprieve">not proceeding with enforcement action </a>against all previously targeted cryptocurrency firms due to belief in regulatory clarity resolving the underlying issue, it should not be penalized as well.
A Ripple Labs spokesperson declined to share any update on the lawsuit to Benzinga.
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/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc">House Committee Favors Stablecoin Regulation To &#8216;Strengthen&#8217; Dollar: Majority Whip Says CBDCs Against &#8216;American Values&#8217;</a>
Why It Matters: Ripple has been <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40240559/xrp-outshines-bitcoin-ethereum-to-become-biggest-daily-gainer-after-judge-imposes-125m-pen">locked in a legal battle with the SEC </a>over the status of&nbsp;XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), a cryptocurrency at the center of the company's operations.
In a landmark ruling, District Judge&nbsp;Analisa Torres&nbsp;of the Southern District of New York ruled that the company violated federal securities laws through its direct sale of XRP to institutional clients, although the sale of XRP to individual investors didn&#8217;t violate any laws. 
The firm was one of the <a href="https://www.benzinga.com/24/12/42382407/ripple-ceo-brad-garlinghouse-admits-204m-crypto-super-political-action-committee-wouldnt-exist-if-gary-gensler-hadnt-been-the-sec-chair">biggest donors </a>to Fairshake, a super political action committee dedicated to supporting and electing cryptocurrency-friendly lawmakers to Congress last year.
Price Action: At the time of writing, XRP was exchanging hands at $2.24, up 1.71% 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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<li><a href="https://www.benzinga.com/25/03/44268317/sec-postpones-approval-of-several-crypto-spot-etfs-says-influential-analyst">Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says &#8216;Relatively High&#8217; Odds Of Approval</a></li>
</ul>

$XRP

XRP Ticks Higher On News That Ripple-SEC Case Could End Soon—Legal Team Reportedly Negotiating More 'Favorable Terms' On $125 Million Fine

Frog-themed cryptocurrency Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) spearheaded Wednesday&#8217;s memecoin rally, clocking double-digit gains.
What happened: The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based token soared over 15%, becoming the best-performing meme coin in the last 24 hours.&nbsp;
The coin's trading volume leaped 8% to $950 million, making it the second-most traded meme coin in the last 24 hours.&nbsp;
A few crucial technical indicators turned bullish for the coin following the rally.&nbsp;
The Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset&#8217;s price indicator, flashed a &#8220;Buy&#8221; signal for PEPE, <a href="https://in.tradingview.com/symbols/PEPEUSDT/technicals/">according</a> to TradingView. The Momentum indicator also painted a bullish narrative.
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/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc">House Committee Favors Stablecoin Regulation To &#8216;Strengthen&#8217; Dollar: Majority Whip Says CBDCs Against &#8216;American Values&#8217;</a>
The speculative interest also surged. The Open Interest in PEPE futures spiked 8.60% in the last 24 hours to $220 million, the highest it has been in over ten days, <a href="https://www.coinglass.com/BitcoinOpenInterest">according</a> to Coinglass.
Why It Matters: Well-known analyst Max Schwartzman compared PEPE's price action against Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), calling the pair "incredibly good."
&#8220;This is THE SIGNAL for memes&#8230; how they pair against the <a href="https://twitter.com/search?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1899884367146561567%7Ctwgr%5E17802b23c6ad4a8134c57a2a6739024d12fa17d3%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost-new.php&amp;q=%24BTC&amp;src=cashtag_click" target="_blank" rel="noreferrer noopener">BTC</a> of meme coins ($DOGE),&#8221; the analyst added.
"This helped me catch the generational entry on PEPE back in 2023. A second chance is brewing here for those who missed it last run," the analyst opined.
<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">Yes, the PEPE/DOGE pair looks incredibly good. This is THE SIGNAL for memes&#8230; how they pair against the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> of meme coins ($DOGE). This helped me catch the generational entry on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> back in 2023. A second chance is brewing here for those who missed it last run. <a href="https://t.co/g1EljsfJtI">https://t.co/g1EljsfJtI</a> <a href="https://t.co/DvOMuVRvGE">pic.twitter.com/DvOMuVRvGE</a>
&mdash; Max (@MaxBecauseBTC) <a href="https://twitter.com/MaxBecauseBTC/status/1899884367146561567?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: At the time of writing, PEPE was exchanging hands at $0.000007206, up 15.41% 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, however, the memecoin has plunged 64%.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/03/44268317/sec-postpones-approval-of-several-crypto-spot-etfs-says-influential-analyst">Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says &#8216;Relatively High&#8217; Odds Of Approval</a></li>
</ul>

$DOGE

$ETH

$PEPE

Pepe Leads Memecoin Rally With 15% Spike—Analyst Describes 'Incredibly Good' Looking PEPE-DOGE Pair As 'Generational Entry' Opportunity

U.S. markets rallied on Wednesday after <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44274165/inflation-cools-more-than-expected-in-february-strengthens-the-case-for-fed-rate-cuts">February&#8217;s inflation report came in softer than anticipated</a>, bolstering expectations for Federal Reserve rate cuts while investors reassess the economic impact of President Donald Trump administration&#8217;s policies.
What Happened: Allianz Chief Economic Advisor Mohamed El-Erian noted on X that &#8220;US CPI was softer than the consensus forecasts,&#8221; with monthly inflation at 0.2% for both core and headline figures versus the expected 0.3%. Annual inflation eased to 3.1% for core and 2.8% for the headline, below forecasts of 3.2% and 2.9% respectively.
&#8220;Markets will see the numbers as warranting higher optimism about a &#8216;Fed Put&#8217; at a time when their hope for a &#8216;Trump Put&#8217; has been shaken,&#8221; El-Erian wrote, referencing market expectations that the Fed would intervene if economic conditions deteriorate.
<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">US CPI was softer than the consensus forecasts, with monthly inflation at 0.2% for both core and headline (versus the expected 0.3%) and annual inflation at 3.1% and 2.8% (3.2% and 2.9%). Regarding the components, travel-related items were soft, partially offset by coffee and…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1899810595806818715?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Consumer Price Index report marked the first decline after four consecutive months of rising price pressures. The shelter index climbed 0.3%, contributing nearly half of February&#8217;s overall monthly increase, while travel-related items were soft, with <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44274165/inflation-cools-more-than-expected-in-february-strengthens-the-case-for-fed-rate-cuts">airline fares dropping 4.0%</a>.
Major indices responded positively to the inflation data, with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) up 0.53%, and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gaining 1.13% at Wednesday&#8217;s close.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44293798/elon-musk-expects-tesla-output-to-double-over-next-couple-of-years-but-gene-munster-predicts-number-to-drop-before-a-surge-in-2026">Elon Musk Expects Tesla Output To Double Over Next Couple Of Years, But Gene Munster Predicts Number To Drop Before A Surge In 2026</a>
Why It Matters: Following the data release, traders fully priced in three Federal Reserve rate cuts in 2025, according to the CME FedWatch Tool, as policymakers weigh inflation progress against signs of economic deceleration.
Bill Adams, chief economist for Comerica Bank, said inflation is moving in the &#8220;right direction,&#8221; <a href="https://www.benzinga.com/25/03/44280431/cpi-reactions">making Fed rate cuts more likely</a>. However, he cautioned that &#8220;the range of outcomes feels wider than usual given the unpredictability of the policies affecting prices and the job market.&#8221;
The economic outlook has shifted dramatically in recent weeks amid concerns over Trump&#8217;s trade and fiscal policies. Investors who initially predicted faster growth under Trump have grown cautious, with bond markets signaling recession fears as two-year Treasury yields have <a href="https://www.benzinga.com/markets/25/03/44211421/us-economy-teetering-recession-may-be-looming-as-bond-market-reacts-to-trump-policies">fallen significantly since mid-February</a>.
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</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.

Federal Reserve

Mohamed El-Erian Says 'Fed Put' Optimism Rises As Inflation Cools—But 'Trump Put' Hopes Are Shaken

On Wednesday, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) won an emergency legal ruling to block the promotion of a memoir written by a <a href="https://in.benzinga.com/25/03/44212431/meta-whistleblower-alleges-zuckerberg-offered-china-full-censorship-control-and-user-data-access-in-desperate-bid-to-enter-market-working-hand-in-glove-with-the-chinese-communist-party-and-lying-about-it">former high-ranking employee</a> who claims the company ignored sexual harassment complaints and quietly built censorship tools for China.
What Happened: Sarah Wynn-Williams, who worked at Facebook from 2011 to 2017 and interacted with top executives, including CEO Mark Zuckerberg and then-COO Sheryl Sandberg, released a book titled &#8220;Careless People&#8221; this week.&nbsp;
In it, she accuses Joel Kaplan, Meta's longtime policy chief, of making remarks she reported as sexual harassment, <a href="https://www.nytimes.com/2025/03/10/books/review/careless-people-sarah-wynn-williams.html">reported</a> the New York Times. Wynn-Williams also accuses Sandberg of inappropriate behavior while describing her &#8220;Lean In&#8221; narrative as a cover for &#8220;unspoken rules&#8221; about &#8220;obedience and closeness,&#8221; according to the Times. 
Wynn-Williams also alleged that Meta developed censorship tools to win favor with the Chinese Communist Party, a claim she echoed in a whistleblower complaint filed with the SEC in April.
See Also:&nbsp;<a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades" target="_blank" rel="noreferrer noopener">Apple Delays Next-Gen Siri: ‘It's Going To Take Us Longer Than We Thought' To Deliver AI Upgrades</a>
Meta responded by filing an emergency motion, citing a violation of a 2017 non-disparagement agreement.
The arbitrator ruled in Meta's favor, barring Wynn-Williams from promoting or further distributing the book, and ordering her to retract prior remarks. "Immediate and irreparable loss will result in the absence of emergency relief," the arbitrator wrote.
Meta spokesperson Andy Stone took to Threads and called the book "false and defamatory," adding that Wynn-Williams "deliberately concealed" the project and avoided industry-standard fact-checking.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/12225251/Screenshot-2025-03-13-at-8.22.45%E2%80%AFAM-1024x560.png" alt="" class="wp-image-821990" /><figcaption class="wp-element-caption">Source: Threads</figcaption></figure>
Why It's Important: Earlier this week, Meta was highlighted as a <a href="https://www.benzinga.com/25/03/44214169/mark-zuckerbergs-meta-platforms-a-lucrative-bet-as-investors-favor-less-leveraged-tech-stocks-says-expert-amid-mag7s-2025-underperformance">lucrative investment</a> due to its less leveraged position compared to other tech giants, despite the underperformance of the &#8216;Magnificent 7&#8217; stocks in 2025.
Zuckerberg's company is working on <a href="https://www.benzinga.com/media/25/03/44255195/meta-taps-taiwan-semiconductor-to-build-ai-chip-aims-to-cut-nvidia-dependence-by-2026">reducing its dependency</a> on suppliers like Nvidia Corporation by developing its own AI chips with Taiwan Semiconductor Manufacturing Co.&nbsp;
In the competitive landscape of the Interactive Media &amp; Services industry, Meta remains a dominant player with nearly <a href="https://in.benzinga.com/insights/news/25/03/44251592/performance-comparison-meta-platforms-and-competitors-in-interactive-media-amp-services-industry">4 billion monthly active users</a> across its &#8220;Family of Apps.&#8221;
Price Action: Meta&#8217;s stock closed Wednesday&#8217;s regular session at $619.56, rising 2.29%. In after-hours trading, it added another 0.47%. Year to date, the stock is up 3.39%, and over the past 12 months, it has climbed 23.97%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/02/44055314/mrbeast-lost-millions-on-amazons-beast-games-now-hes-looking-to-raise-hundreds-of-millions-to-take-h" target="_blank" rel="noreferrer noopener">MrBeast Lost Millions On Amazon&#8217;s ‘Beast Games&#8217;—Now He&#8217;s Looking To Raise Hundreds Of Millions To Take His Brand To The Next Level</a></li>
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Image via Shutterstock
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.

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