옵션 체인은 다양한 행사가격과 만기일에 대한 Glimpse Group의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Glimpse Group에 대한 시장 심리를 평가합니다..

Glimpse Group (NASDAQ:VRAR) 주식, 옵션 체인

Glimpse Group

The Glimpse Group Inc is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software and services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry.

Earnings

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

TRAK

USFD

VRAR

미국 주식 선물이 월요일 아침(현지 시간 기준)에 하락 거래되고 있는 가운데, 오늘 투자자들의 주목을 받을 수 있는 주식들은 다음과 같다: 1. 월스트리트는 카니발(NYSE:CCL)이 월요일 개장 전 매출 78억 3천만 달러, 주당 1.16달러의 분기 이익을 보고할 것으로 예상하고 있다. 카니발의 주가는 시간외 거래에서 1% 상승한 18.72달러를 기록했다.

월요일 주목해야 할 주식: 카니발, US 푸즈, 리포시트랙 그리고 2종목

The Glimpse Group Inc

Transaction Details and Path to Completion Under the terms of the agreement, BMS will promptly commence a tender offer to acquire all outstanding shares of 2seventy bio at a price of $5.00 per share in an all-cash transaction. 2seventy bio's Board of Directors unanimously recommends that 2seventy bio stockholders tender their shares in the tender offer.
The closing of the transaction is expected to occur in the second quarter of 2025 and is subject to customary closing conditions, including the tender of a majority of the outstanding shares of 2seventy bio's common stock and the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Following the successful closing of the tender offer, BMS will acquire all remaining shares of 2seventy bio common stock that are not tendered in the tender offer through a second-step merger at the same price in the tender offer of $5.00 per share.

TSVT

Reported Earlier, 2seventy bio Agrees To Be Acquired By Bristol Myers Squibb For $5.00 Per Share In 88% Premium Transaction Valued At $286M

Wayfair Prices $700M Offering of 7.750% Senior Secured Notes Due 2030 To Support Debt Restructuring

<ul>
<li>The Company will offer premium leasing services in New York through a strategic relationship, focusing on flexible lease terms and tailored solutions.</li>
<li>This follows the recent announcement that the Company intends to establish an office in the New York metro area to support its Investor Relations function</li>
</ul>

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future To Enter New York EV Market With Launch Of FF 91 2.0 And Future Expansion To FX Model Lineup

Macro Economic Events

Econ #s

Economics

Reported Earlier, National Australia Bank Business Confidence For February -1 Vs. 5 (Revised) Prior

Reported Earlier, U.K. BRC Retail Sales Monitor (YoY) For February 0.9% Vs. 1.9% Est.; 2.5% Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Gross Domestic Product (GDP) Price Index (YoY) For Q4 2.9% Vs. 2.8% Est.; 2.4% Prior

Reported Earlier, Japan Gross Domestic Product (GDP) Annualized (QoQ) For Q4 2.2% Vs. 1.2% Prior

OpenAI has signed an $11.9 billion contract with CoreWeave and will acquire a $350 million equity stake in the cloud computing provider, strengthening the company ahead of its <a href="https://in.benzinga.com/25/03/44140237/coreweave-acquires-weights-biases-to-enhance-ai-development">expected $35 billion initial public offering</a>.
What Happened: The agreement enables OpenAI to reduce its reliance on Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) for the computing power required to train and operate its AI models, <a href="https://www.ft.com/content/4b52fdbb-ca8e-4208-bb99-f1e7f9313863">reported</a> Financial Times, citing sources.
&#8220;Partnering with OpenAI on this net new contract underscores CoreWeave&#8217;s proven ability to deliver reliable and performant infrastructure services, powering AI Innovations for world-leading AI labs,&#8221; said Michael Intrator, Co-Founder and Chief Executive Officer of CoreWeave.
CoreWeave has emerged as a specialized &#8220;AI Hyperscaler,&#8221; operating over 250,000 of NVIDIA Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI GPUs across 32 data centers. The company&#8217;s revenue surged 737% to $1.9 billion in 2024, though it <a href="https://www.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">reported an $863 million net loss</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/03/44239278/cathie-wood-stands-by-deflationary-boom-call-as-gene-munster-compares-market-turmoil-to-dot-com-bubble" target="_blank" rel="noreferrer noopener">Cathie Wood Stands By ‘Deflationary Boom' Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble</a>
Why It Matters: The deal represents OpenAI&#8217;s latest effort to secure and diversify its computing infrastructure. CEO Sam Altman has emphasized that infrastructure will be crucial in the competition to build advanced AI models, even as Microsoft&#8217;s Satya Nadella has voiced concerns about an &#8220;overbuild&#8221; of <a href="https://www.benzinga.com/tech/25/02/43838071/microsoft-ceo-satya-nadella-warns-of-dot-com-like-ai-bubble-pushes-for-measuring-ai-impact-with-gdp-growth-self-claiming-agi-milestone-is-just-nonsensical-benchmark-hacking">computing capacity</a>.
CoreWeave, founded in 2017 as a cryptocurrency mining operation, pivoted to offering cloud services for AI model development. The <a href="https://in.benzinga.com/25/03/44140237/coreweave-acquires-weights-biases-to-enhance-ai-development">company recently acquired</a> Weights &amp; Biases, a prominent AI development platform used by companies including OpenAI and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
The transaction strengthens CoreWeave&#8217;s position as a comprehensive platform for AI development while helping OpenAI reduce its dependence on Microsoft. CoreWeave <a href="https://www.benzinga.com/news/ipos/25/03/44100280/nvidia-backed-coreweave-files-for-ipo-amid-explosive-ai-growth-revenue-surges-737-to-1-9-billion">plans to list on the Nasdaq under the ticker</a> &#8220;CRWV&#8221; with Morgan Stanley and Goldman Sachs Group Inc. underwriting the offering.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</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

Tech

MSFT

NVDA

OpenAI Secures Near-$12 Billion CoreWeave Deal, Taking Stake In Cloud Firm Ahead Of $35 Billion IPO To Reportedly Reduce Microsoft Dependence

Reported Earlier, Japan Gross Domestic Product (QoQ) For Q4 0.6% Vs. 0.7% Est.; 0.3% Prior

Reported Earlier, Japan Household Spending (MoM) For January -4.5% Vs. -1.9% Est.; 2.3% Prior

A little more than one month after Eric Trump thought the time was ripe to buy Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), the second-largest cryptocurrency has plummeted 32%.
What happened: Eric Trump, Executive Vice President of The Trump Organization, has taken a bullish stance since his father, Donald Trump, assumed the U.S. presidency.
In an X post from Feb. 4, Trump <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43484922/bitcoin-ethereum-dogecoin-drops-as-trumps-crypto-czar-announces-oversight-committee-eric-trump-says-great-time-to-add-eth">suggested</a>, "It's a great time to add ETH," garnering eyeballs from the cryptocurrency community. At the time, ETH traded around $2,735.
However, five weeks after the recommendation, the second-largest cryptocurrency has fallen to $1,855.58, marking a 32% decline.
Additionally, since Trump's <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44106531/eric-trump-said-buy-the-dips-in-february-but-peter-schiff-isnt-buying-the-genius-bitcoin-xrp-cardano-strategic-reserve-announcement">"Buy The Dip" advice</a> on Feb. 25, Ethereum has dropped 29%.
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/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Why It Matters: Interestingly, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40386524/eric-trump-teases-upcoming-crypto-based-initiative-surrounding-digital-real-estate-itll-sh">Trump family-backed</a> cryptocurrency project World Liberty Financial has been a prolific accumulator of Ethereum, holding around 23,991 ETH, worth $44.46 million as of this writing, <a href="https://platform.spotonchain.ai/en/entity/2361">according </a>to Spot On Chain.&nbsp;
The ETH holdings were acquired at an average price of $3,148 per coin, with an average selling price of $2,909. Consequently, the platform has realized losses of $32.694 on the investments, with unrealized losses of $18.986 million as of this writing. 
Trump stated last week that Ethereum will be at the <a href="https://in.benzinga.com/25/03/44068814/bitcoin-ethereum-dogecoin-rally-on-trumps-strategic-crypto-reserve-announcement-cardano-xrp-solana-skyrocket-analyst-says-btcs-new-ath-possible-later-in-the-month">"heart" of a U.S. strategic cryptocurrency reserve</a>, although the executive order he signed later made no mention of the cryptocurrency.
Price Action: At the time of writing, Ethereum was exchanging hands at $1,855.58, down 10.24% 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 meme coin has plunged 44%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: &#8216;I Made The Promise&#8217; — BTC Dips 4%</a></li>
</ul>

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

Cryptocurrency

$ETH

Eric Trump's 'Great Time' To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call

Reported Earlier, Japan Household Spending (YoY) For January 0.8% Vs. 3.7% Est.; 2.7% Prior

The stock market experienced a turbulent day, with the S&amp;P 500 and Nasdaq indices <a href="https://www.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday">hitting six-month lows</a> amidst growing fears of a potential recession. The Nasdaq 100 saw the steepest declines, led by tech companies such as Tesla and Palantir. This downturn was fueled by concerns over the U.S. economy, with President Donald Trump referring to the current economic situation as a &#8220;period of transition.&#8221;
For the day, Nasdaq fell over 700 points or 4% to 17,468.32, while the S&amp;P 500 slipped nearly 2.7% to 5,614.56, and the Dow Jones Industrial Average dropped about 2.1% to 41,911.71 for the day.
These are the top stocks that gained the attention of retail traders and investors through the day:
Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
NVIDIA shares fell by 5.07% to close at $106.98, with an intraday high and low of $111.85 and $105.46, respectively. The 52-week high and low stand at $153.13 and $75.61. As part of the <a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">Magnificent Seven</a>, NVIDIA&#8217;s performance reflects the overall downturn in tech stocks.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta Platforms&#8217; shares dropped by 4.42% to close at $597.99. The stock hit an intraday high of $610.11 and a low of $586.87. The 52-week high and low are $740.89 and $414.5 respectively. Despite the <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">underperformance of the Magnificent 7</a>, Meta Platforms has been an investor favorite due to being less leveraged.
Oracle Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)
Oracle shares declined by 4.11% to close at $148.79. The intraday high and low were $152.52 and $146.8, with a 52-week high and low of $198.31 and $111.18. Despite the stock&#8217;s recent stumble, Oracle has seen a 29.73% increase over the past year. The company reported third-quarter earnings on Monday with revenue at $14.13 billion, <a href="https://www.benzinga.com/news/earnings/25/03/44236027/oracle-q3-earnings-revenue-miss-eps-miss-backlog-booms-62-strong-ai-growth-expected-shares-climb">missing the consensus estimate of $14.39 billion.</a>
Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)
Palantir&#8217;s shares plummeted by 10.05% to close at $76.38. The stock hit an intraday high of $82.69 and a low of $74.57. The 52-week high and low are $82.69 and $15.67, respectively. Palantir shares were sharply lower in Monday&#8217;s meltdown. The company <a href="https://www.benzinga.com/25/03/44217345/whats-going-on-with-palantir-stock-premarket-on-monday">recently partnered</a> with Voyager Technologies to create AI-driven solutions for Space Domain Awareness.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares fell by 15.43% to close at $222.15. The intraday high and low were $253.37 and $220, with a 52-week high and low of $488.54 and $138.8. Amidst <a href="https://in.benzinga.com/25/03/44232237/whats-going-on-with-tesla-shares-monday">rising competition and declining demand</a>, Tesla&#8217;s stock has been under pressure.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/25/03/44239652/cathie-wood-goes-on-shopping-spree-amid-tech-bloodbath-monday-loads-up-on-tesla-palantir-coinbase-and-these-stocks">Cathie Wood Goes On Shopping Spree Amid Tech Bloodbath Monday: Loads Up On Tesla, Palantir, Coinbase And These Stocks</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ORCL

PLTR

TSLA

Nvidia, Meta Platforms, Oracle, Palantir, And Tesla: 5 Trending Stocks Amid Monday's Market Meltdown

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continues trading at 101 times its 2025 estimated non-GAAP earnings while key metrics decline, prompting GLJ Research&#8216;s Gordon Johnson to sound alarm on Monday as tech stocks face a significant market correction.
What Happened: &#8220;For all those saying Tesla is &#8216;cheap,&#8217; it&#8217;s still trading at 101x its 2025E non-GAAP EPS estimate versus the Magnificent Seven average of 32x,&#8221; Johnson wrote on social media platform X. He emphasized that despite stagnant growth, Tesla maintains 33 buy ratings compared to just 13 sell recommendations from Wall Street analysts.
Johnson highlighted concerning fundamentals: &#8220;Tesla&#8217;s car sales, EBITDA, and free cash flow should be growing exponentially. There&#8217;s just a little problem&#8230; none of them are growing, with its 2024 car sales, FCF, and EBITDA all falling year-over-year.&#8221; He added, &#8220;In short, &#8220;Houston, we have a problem.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">1/4 For all those saying <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> is &quot;cheap&quot;, it&#39;s still trading at 101x its 2025E non-GAAP EPS est. vs. the Mag-6 avg. of 32x (or &gt;3x the Mag-6 avg.). Moreover, <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> still has 33 BUYS, 14 HOLDS, and &quot;just&quot; 13 SELLS, w/ an avg. Wall Street price target of $362.43/shr. And, keep&#8230; <a href="https://t.co/u6YZTIOvQK">pic.twitter.com/u6YZTIOvQK</a>
&mdash; Gordon Johnson (@GordonJohnson19) <a href="https://twitter.com/GordonJohnson19/status/1899221867660996651?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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The electric vehicle maker&#8217;s struggles come amid a broader tech sector meltdown. The Magnificent Seven tech companies collectively lost <a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">approximately $780 billion in market capitalization</a> on Monday alone, with Tesla shares plummeting 15.47%.
Wedbush Securities analyst Dan Ives offered a contrasting perspective, urging investors to view the selloff as an opportunity rather than a market collapse. 
&#8220;We are in the early stages of a 4th Industrial Revolution,&#8221; Ives said, citing a projected $2 trillion in artificial intelligence capital expenditures. He recommended focusing on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Tesla, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) during the market turbulence.
&#8220;Many times with Tesla, Apple, Google, Nvidia, Amazon, Palantir and others our backs were against the wall and the times appeared dark at that moment&#8230;but yet those were the oppy,&#8221; Ives wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many times with Tesla, Apple, Google, Nvidia, Amazon, Palantir and others our backs were against the wall and the times appeared dark at that moment&#8230;but yet those were the oppy. Our bullish tech calls have been upside down in 2025…its painful but not the end of tech bull mkt&#x1f447; <a href="https://t.co/Uy9pC7OPRx">pic.twitter.com/Uy9pC7OPRx</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1899210263414350074?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44239278/cathie-wood-stands-by-deflationary-boom-call-as-gene-munster-compares-market-turmoil-to-dot-com-bubble">Cathie Wood Stands By &#8216;Deflationary Boom&#8217; Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble</a>
Why It Matters: Ives maintains his bullish stance, predicting tech stocks will reach new all-time highs in the second half of 2025 despite investor concerns about President Donald Trump&#8216;s administration policies, recession fears, and growth sustainability.
Tesla CEO Elon Musk <a href="https://youtu.be/T6DiMIJIvYw?feature=shared">told</a> Fox Business on Monday that he was running his businesses "with great difficulty" as Tesla shares hit a five-month low, while he remains a key figure in the Trump administration's Department of Government Efficiency.
The tech-focused Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) has officially entered correction territory, dropping more than 10% from recent highs, while the broader SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 3.04% on Monday.
Tesla has a <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">price target range</a> from $24.86 by GLJ Research to $550 by Wedbush. The latest ratings from UBS, Wedbush, and Baird average $381.67, implying a 77.51% upside.
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Price Action: Tesla closed at $222.15 on Monday, down 15.43%, and fell further to $215.01 after hours. The stock is down 41.43% year to date and 53.70% from its $479.86 all-time high on Dec. 17, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence" target="_blank" rel="noreferrer noopener">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</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.

AAPL

Tesla's 101x Valuation Raises Alarm As Gordon Johnson Warns Of Sales Slump, Dan Ives Sees AI Upside Despite Elon Musk's DOGE Distractions

On Monday, economist Peter Schiff questioned the U.S. government&#8217;s decision to hold Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a reserve asset amid the apex cryptocurrency&#8217;s ongoing slump.
What Happened:&nbsp;Schiff took to X to point out that Bitcoin&#8217;s market value has plunged&nbsp;30% from its January record&nbsp;high, dropping below $77,000.
&#8220;It&#8217;s hard to see the rationale for the U.S. government holding Bitcoin as a reserve asset when it can lose that much market value so quickly, &#8221; Schiff remarked. &#8220;The rationale will be even harder to see when it&#8217;s down 50%.&#8221;
The backers of Bitcoin&#8217;s safe haven narrative swung into action, with award-winning investment manager Michael A. Gayed writing &#8220;Store of value&#8221; in response to Schiff&#8217;s post. 
Over the past five years, Bitcoin has gained 1,408%, and 243% in the last two years. 
However, Schiff was quick to clap back. &#8220;If the price can drop over 30% in less than two months without anything really happening, how can that be a store of anything. What if the government held Bitcoin in reserve and needed to sell it?&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Now that Bitcoin fell below $77K, it&#39;s down 30% from its January record high. It&#39;s hard to see the rationale for the U.S. government holding Bitcoin as a reserve asset when it can lose that much market value so quickly. The rationale will be even harder to see when it&#39;s down 50%.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1899258640152051769?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
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Additionally, Schiff pondered the fate of the Bitcoin Strategic Reserve and the Digital Asset Stockpile, both established by presidential executive order last week, without congressional approval. He asked what would happen if Donald Trump&#8217;s successor president decided that the U.S. didn&#8217;t need such a Bitcoin Strategic Reserve or Crypto stockpile and decided to &#8220;sell it all.&#8221;
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Since both the Bitcoin Strategic Reserve and the Crypto Stockpile were established by an executive order and not an act of Congress, what happens if the next president decides that the U.S. doesn&#39;t need a Bitcoin Strategic Reserve or Crypto Stockpile and decides to sell it all?
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1899125263079821554?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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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/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Why It Matters:&nbsp;Schiff&#8217;s comments come in the context of his ongoing criticism of the government&#8217;s decision to create a Bitcoin strategic reserve. <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">He previously predicted</a>&nbsp;that this move could damage the U.S. dollar.
He has also branded such investments a <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources">&#8220;waste of resources,&#8221;</a> arguing that they divert capital from real wealth creation.
The cryptocurrency market extended losses Monday as <a href="https://www.benzinga.com/25/03/44239298/bitcoin-ethereum-dogecoin-sink-further-as-recession-worries-plague-crypto-market-arthur-hayes-has-this-advice-for-risk-averse-traders-in-the-ongoing-slump">Bitcoin slumped below $77,000</a> to hit a four-month low
Price Action: At the time of writing, Bitcoin was exchanging hands at $79,434.23, down 3.47% 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://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: &#8216;I Made The Promise&#8217; — BTC Dips 4%</a></li>
</ul>

$BTC

Peter Schiff Says Hard To See Rationale Of Trump's Crypto Reserve Move If Bitcoin Has Plunged 30% Since January, Critics Clap Back With 'Store Of Value' Narrative

On Monday, Cathie Wood&#8216;s Ark Invest made significant trades involving Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Tempus AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), and Robinhood Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). These trades occurred against a backdrop of market volatility, with recession fears and economic concerns impacting investor sentiment.
Wood predicts a &#8220;deflationary boom&#8221; in the <a href="https://www.benzinga.com/markets/equities/25/03/44239278/cathie-wood-stands-by-deflationary-boom-call-as-gene-munster-compares-market-turmoil-to-dot-com-bubble">second half of the year</a>, seeing the current market turmoil as the final phase of a rolling recession. She believes this will give Trump's administration and the Fed more flexibility than investors expect. Her prediction was made on a day when the <a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">Magnificent 7 shed over $750 billion</a> in market cap as U.S. markets saw a major sell-off.
The Tesla Trade
Ark Invest&#8217;s flagship fund, ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), acquired 68,164 shares of Tesla on Monday. The purchase comes as Tesla&#8217;s stock faces pressure due to <a href="https://in.benzinga.com/25/03/44232237/whats-going-on-with-tesla-shares-monday">increased competition</a> from Chinese EV manufacturers and declining demand in Europe. Tesla shares closed at $222.15, down 15.43% from the previous session. Additionally, ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) added 11,154 Tesla shares. The two transactions amounted to $17.62 million. Notably, Tesla was the largest loser among the Magnificent 7 stocks in Monday&#8217;s sell-off.
The Palantir Trade
Ark Invest also increased its holdings in Palantir by purchasing 123,667 shares through ARKK. Palantir&#8217;s stock, which closed at $76.38, saw a 10.05% decline amid broader market downturns. Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) also added 28,567 shares of Palantir, highlighting Ark&#8217;s strategic focus on data analytics and AI-driven companies. The total purchase value was $11.63 million. Palantir was one of the companies that <a href="https://in.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday">led tech stocks lower</a> in Monday&#8217;s sell-off.
The Coinbase Trade
Amidst a turbulent day for crypto stocks, Ark Invest seized the opportunity to buy 52,753 shares of Coinbase through ARKK. Coinbase shares fell 17.58% to $179.23, influenced by Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) drop and <a href="https://www.benzinga.com/25/03/44225814/bitcoins-drop-shakes-crypto-stocks-coin-hood-mara-riot-dip-but-are-traders-seeing-a-bargain">exclusion from the S&amp;P 500</a>. The purchase was worth approximately $9.46 million. ARKF also acquired 11,605 shares, reinforcing Ark&#8217;s bullish stance on the cryptocurrency exchange. All in all, Ark bought $11.53 million worth of Coinbase shares on Monday.
The AMD Trade
Ark Invest&#8217;s interest in the semiconductor sector was evident with the acquisition of 94,377 AMD shares through ARKK. AMD&#8217;s stock closed at $96.63, down 3.67%. The transaction was valued at about $9.12 million. Additional purchases were made by ARKQ and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), with 17,271 and 30,235 shares, respectively. ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) also purchased 5,668 AMD shares. The four transactions were worth $14.62 million in total. On Monday, Alibaba Group unveiled the XuanTie C930 processor, the pivot of China toward <a href="https://www.benzinga.com/markets/emerging-markets/25/03/44229408/alibaba-unveils-new-ai-chip-to-power-chinas-open-source-tech-push-challenge-us-chip-giants">open-source chip technology architecture</a> challenges AMD&#8217;s control on the x86 chip standard. 
The Tempus AI Trade saw Ark Invest purchasing 122,875 shares of Tempus AI through the ARKK ETF. This acquisition follows a previous buy as Ark continues to capitalize on opportunities within the AI sector. The stock closed at $45.17, marking an 8% decline. Based on Monday&#8217;s closing price, Ark purchased $5.55 million worth of Tempus AI shares. Wood has been <a href="https://www.benzinga.com/25/03/44183861/cathie-wood-smelling-ai-opportunity-ark-invest-buys-tempus-ai-dip-scoops-up-over-13-m-worth-of-stock">loading up</a> on Tempus AI stocks; last week, Ark acquired stock worth $13.23 million.
The Robinhood Trade involved Ark Invest acquiring 269,864 shares of Robinhood via the ARKK ETF. Robinhood&#8217;s shares fell 19.79% to close at $35.63 amid broader financial sector concerns. The purchase, valued at about $9.61 million, suggests Ark&#8217;s confidence in Robinhood&#8217;s long-term potential despite short-term market volatility. Robinhood shares dropped amid <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44235019/robinhood-shares-are-down-today-whats-going-on">market volatility</a> triggered by Trump&#8217;s tariff imposition on Canada and Mexico.
Other Key Trades:
<ul>
<li>Sold Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) stock worth $20.61 million through ARKK and ARKW.</li>
<li>Sold Uipath Inc. (PATH) stock through ARKK, ARKQ and ARKX.</li>
<li>Purchased Ibotta Inc (IBTA) shares through ARKW and ARKF.</li>
<li>Purchased Shopify Inc (SHOP) stock through ARKK and ARKF.</li>
</ul>
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44239298/bitcoin-ethereum-dogecoin-sink-further-as-recession-worries-plague-crypto-market-arthur-hayes-has-this-advice-for-risk-averse-traders-in-the-ongoing-slump">Bitcoin, Ethereum, Dogecoin Sink Deeper As Recession Worries Overshadow Crypto Market: Arthur Hayes Has This Advice For Risk-Averse Traders</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKF

ARKK

ARKQ

ARKW

ARKX

COIN

HOOD

Cathie Wood Goes On Shopping Spree Amid Tech Bloodbath Monday: Loads Up On Tesla, Palantir, Coinbase And These Stocks

Leading cryptocurrencies extended losses Monday, mirroring the stock rout, as investors get jittery over recession concerns.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-4.54%</td>
<td>$76,982.36</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-9.88%</td>
<td>$1,821.41</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-11.00%</td>
<td>$0.1478</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin sank below $77,000 to hit a four-month low. The leading cryptocurrency was down 29% from its all-time high, wiping away nearly all of the gains since <a href="https://www.benzinga.com/opinion/24/11/41754497/how-to-trade-a-trump-win-and-a-trump-loss">Trump's victory</a> in the presidential elections.
Ethereum slipped below $1,800, its lowest since October 2023. Year-to-date, the second-largest cryptocurrency has plunged over 45%.
The downturn comes despite President Donald Trump signing an executive order for a <a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Strategic Bitcoin Reserve</a> last week.
About $926 million was liquidated from the cryptocurrency market in the last 24 hours due to the slump, with $742 million in long positions getting erased.
That said, Bitcoin's recovery to $85,000 would liquidate about a billion in short positions.&nbsp;
Bitcoin's Open Interest fell 3.83% over the last 24 hours, while the number of traders positioned short on the asset soared to 52% of the total.
The Crypto Fear and Greed Index remained in the "Extreme Fear" zone, signaling anticipation of further downsides.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Movement (MOVE)</td>
<td>+7.89%</td>
<td>$0.4805</td>
</tr>
<tr>
<td>MANTRA (OM)</td>
<td>+2.79%</td>
<td>$6.25</td>
</tr>
<tr>
<td>Mantle (MNT)</td>
<td>+2.46%</td>
<td>$0.6795</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.54 trillion, contracting 4.25% in the last 24 hours.
Stocks came crashing down Monday. The Dow Jones Industrial Average tumbled 890 points, or 2.08%, to close at 41,911.71. The S&amp;P 500 slipped 2.69%, ending at 5,614.56, while the tech-heavy Nasdaq Composite plunged 4% to close at a six-month low of 17,468.32.
Concerns over the U.S. economy weighed on the market after Trump seemed to acknowledge the <a href="https://www.benzinga.com/25/03/44222440/financial-crime-weekly">possibility of a U.S. recession</a> in an interview over the weekend.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Well-known on-chain analytics firm CryptoQuant assessed whether the prevailing market phase was the beginning of a bear or bull dip.
"In a typical bull market, people move their sats in profit, resulting in an SOPR greater than 1, unlike in a bear market. From this perspective, the bull market still seems to be in play," the firm said, referring to the Spent Output Profit Ratio, a metric used to measure the profitability of transactions.
CryptoQuant also noted that the funding rates still resembled the 2020-21 bull market pattern.
<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">Is it the beginning of a bear or bull dip? "For bulls to be convinced that the market has shifted, SOPR and funding rates need to drop below critical levels more frequently than before." – By <a href="https://twitter.com/aytekin466?ref_src=twsrc%5Etfw">@aytekin466</a> Full post &#x1f447;<a href="https://t.co/3kT2yfRD2E">https://t.co/3kT2yfRD2E</a> <a href="https://t.co/OuFXfI2JcH">pic.twitter.com/OuFXfI2JcH</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1899121567818273099?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Arthur Hayes, co-founder of cryptocurrency exchange BitMEX and Chief Investment Officer at Maelstrom Fund, urged his followers to remain patient.
"BTC likely bottoms around $70,000. 36% correction from $110,000 ATH, v normal for a bull market," Hayes said.&nbsp;
Hayes urged that risk-averse investors wait until the central bank eases monetary policy before deploying capital.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The plan: Be fucking patient. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> likely bottoms around $70k. 36% correction from $110k ATH, v normal for a bull market. Then we need stonks, <a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> and <a href="https://twitter.com/search?q=%24NDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NDX</a> to enter free fall. Then we need TradFi muppet to go under. THEN we get Fed, PBOC, ECB, and BOJ all easing to make…
&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1899261481805566368?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44229559/coinbase-to-introduce-24-7-crypto-futures-plans-perpetual-style-contracts-for-us-market">Coinbase To Introduce 24/7 Crypto Futures, Plans Perpetual-Style Contracts For US Market</a></li>
</ul>

Movers

$DOGE

Bitcoin, Ethereum, Dogecoin Sink Deeper As Recession Worries Overshadow Crypto Market: Arthur Hayes Has This Advice For Risk-Averse Traders

Ark Funds CEO Cathie Wood forecasts a &#8220;deflationary boom&#8221; as markets tumbled on Monday, with the Magnificent Seven tech stocks shedding <a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">approximately $780 billion in market capitalization</a>.
What Happened: Wood wrote on X that the market is pricing in the final phase of a rolling recession, which she believes will grant President Donald Trump&#8216;s administration and the Federal Reserve Chair Jerome Powell "far more flexibility than investors anticipate." She predicted this shift would pave the way for "a deflationary boom in the second half of the year."
<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">In our view, the market today is discounting the last leg of a rolling recession, which will give the Trump Administration and the Powell Fed many more degrees of freedom than investors expect, setting up the US economy for a deflationary boom in the second half of this year. <a href="https://t.co/p2qOq8jqAS">https://t.co/p2qOq8jqAS</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1899209496271962307?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 3.04% in one of its steepest declines in recent years, while the tech-heavy Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dropped 4.49%, crossing the 10% threshold that indicates a correction.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) suffered the heaviest losses among the Magnificent Seven, plunging 17.6%. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 6.74%, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) dropped 6.05%, and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) declined 5.91%.
Deepwater Management&#8216;s Gene Munster drew parallels to the Dot-Com bubble&#8217;s 25th anniversary, noting his optimism &#8220;has taken a step back&#8221; as recession probabilities increase. 
&#8220;If we enter a recession, it will be extremely difficult for the <a href="https://www.benzinga.com/news/large-cap/24/07/39937929/magnificent-7-still-comprise-over-30-of-s-p-500-despite-tech-correction">AI trade to continue</a>,&#8221; Munster warned, though he maintained that &#8220;if a recession is avoided,&#8221; markets could reach new highs in the coming years.
<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">This week marks the 25th anniversary of the Dot-Com bubble's peak. It's a good time to revisit my prediction that we still have a couple of strong years left in the market before the AI bubble bursts. Some would argue that the AI bubble has already burst, given that the Nasdaq is…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1899106427798475079?ref_src=twsrc%5Etfw">March 10, 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/markets/25/03/44213562/chamath-palihapitiya-calls-proposed-10-credit-card-interest-rate-cap-disruptive-as-trump-sanders-and-lawmakers-push-for-reform">Chamath Palihapitiya Calls Proposed 10% Credit Card Interest Rate Cap &#8216;Disruptive&#8217; As Trump, Sanders, And Lawmakers Push For Reform</a>
Why It Matters: Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, attributed the correction to &#8220;stupid policies,&#8221; responding to Vice President JD Vance&#8216;s statement about the administration&#8217;s economic approach favoring U.S. investment.
<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">It's stupid policies driving this correction. No need to look further. <a href="https://t.co/MbqUVsm5FM">https://t.co/MbqUVsm5FM</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1899219238839283803?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Investor concerns center on potential recession risks and Trump&#8217;s tariff plans. Despite the recent selloff, the Magnificent Seven maintains a median price-to-earnings ratio of 35, with Tesla still trading at more than 100 times earnings.
Polymarket bettors currently place the odds of a 2025 recession at 41%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence">Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Cathie Wood Stands By 'Deflationary Boom' Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble

Elizabeth Warren (D-Mass.) raised concerns on Monday about Robert F. Kennedy Jr.&#8217;s dinners with pharmaceutical executives at Mar-a-Lago. Warren questioned the integrity of Kennedy&#8217;s promise to &#8220;clean up corruption&#8221; as the Secretary of Health and Human Services. She highlighted the need for transparency regarding any potential deals made during these &#8220;million-dollar&#8221; dinners.
What Happened: Warren&#8217;s post on X comes in response to Kennedy&#8217;s actions since his confirmation as the Secretary of Health and Human Services under President Donald Trump. Kennedy, known for his controversial stance on vaccines, was confirmed by the Senate with a narrow vote of 52 to 48. His appointment has been <a href="https://in.benzinga.com/25/02/43703014/robert-f-kennedy-confirmed-as-trump-secretary-of-health">met with skepticism</a>, particularly from Democrats, who unanimously opposed his nomination.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">RFK Jr. said he&#39;d &quot;clean up corruption&quot; as HHS Secretary. So why&#39;d he have dinner with Big Pharma executives at Mar-a-Lago with Trump? The American people deserve to know what kind of deals might have been made at those &quot;million-dollar&quot; dinners. <a href="https://t.co/Xun7nZ7gjj">https://t.co/Xun7nZ7gjj</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1899241046128595453?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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On Monday, Warren, along with Sen. Bernie Sanders (I-Vt.) and Sen. Ron Wyden (D-Ore.), wrote a letter to Kennedy and expressed concern over his attendance at private dinners with Big Pharma executives at Mar-a-Lago. 
These events, where executives paid millions of dollars to attend, raise questions about Kennedy&#8217;s commitment to reducing corporate influence in government, according to the senators. They wrote that Kennedy had previously vowed to &#8220;clean up corruption&#8221; and &#8220;stop the revolving door between industry and government,&#8221; but his participation in these dinners seems to contradict these promises.
The senators are requesting detailed information about these meetings, including what was discussed and any commitments made. They emphasize the need for transparency to ensure Kennedy&#8217;s actions align with his promises to protect Americans from high drug prices and corporate influence.
Pfizer and the Department of Health and Human Services did not immediately respond to Benzinga&#8217;s request for comments.
See Also: <a href="https://www.benzinga.com/25/03/44212384/bill-ackman-clashes-with-david-sacks-over-ukraine-strategy-asks-if-us-should-let-russia-take-the-rest-of-eastern-europe">Bill Ackman Clashes With David Sacks Over Ukraine Strategy, Asks If US Should Let Russia &#8216;Take The Rest Of Eastern Europe&#8217;</a>
Why It Matters: The letter referred to a Wall Street Journal <a href="https://www.wsj.com/politics/policy/trump-mar-o-lago-corporate-dinners-healthcare-executives-a8f171b0">report</a> from February, which noted that Pharmaceutical executives were among the biggest donors to Trump's fundraising efforts before and after his election, attending exclusive Mar-a-Lago dinners to influence policy. Pfizer Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) CEO Albert Bourla and others blamed high drug prices on insurance middlemen, a view Trump later echoed publicly. Trump hinted at possible tariffs on pharmaceuticals, while drugmakers sought favorable regulatory outcomes, with the industry's influence under his administration remaining uncertain.
Others that have attended Mar-a-Lago dinners include UnitedHealth's Andrew Witty, CVS's David Joyner and Cigna Group's David Cordani, according to that report.
Warren&#8217;s comments add to the ongoing scrutiny surrounding Kennedy&#8217;s role and his interactions with major industry players. Meanwhile, Kennedy was slated to <a href="https://www.benzinga.com/markets/equities/25/03/44209953/rfk-jr-takes-on-food-giants-calls-meeting-with-pepsico-and-general-mills">meet with executives</a> from major food companies, including PepsiCo and General Mills, on Monday
The <a href="https://in.benzinga.com/25/02/43900398/measles-cases-surge-5x-in-us-in-a-week-cdc-reports-outbreak-primarily-originating-from-a-texas-county">recent increase in measles cases</a>, reported by the CDC, underscores the importance of transparent health policies. Kennedy&#8217;s controversial stance on vaccines and his interactions with industry leaders are critical in shaping public trust. 
Photo by Sheila Fitzgerald on Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Elizabeth Warren Raises Questions On Robert F Kennedy's Mar-A-Lago Dinners With Big Pharma: American People Deserve To Know About The Deals Made

Tech billionaire and venture capitalist Peter Thiel is considering writing a book about ancient prophecies, the Antichrist, and Armageddon—and he believes we&#8217;re ignoring what may be the most dangerous threat of all: the rise of global authoritarianism disguised as peace.
What Happened: In an appearance on Uncommon Knowledge with Peter Robinson last year, Thiel discussed his growing interest in biblical prophecy and end-times theology. Robinson is a former speech writer for President Ronald Reagan and then-Vice President George H.W. Bush.
Thiel said modern society is dangerously fixated on apocalyptic threats like nuclear war and pandemics, while overlooking the deeper danger of centralized global control—the potential rise of an Antichrist figure.
"If the Antichrist were to come to power, it would be by talking about Armageddon all the time," Thiel warned. He cited scripture, calling attention to 1 Thessalonians 5:3: "The slogan of the Antichrist is peace and safety."
See Also: <a href="https://www.benzinga.com/startups/24/12/42366606/peter-thiel-is-a-stanford-grad-but-thinks-college-is-such-a-waste-that-he-offers-100000-to-students-who-quit-compares-education-to-santa">Peter Thiel Is A Stanford Grad But Thinks College Is Such A Waste That He Offers $100,000 To Students Who Quit – Compares Education To Santa</a>
He said society is too quick to embrace "one-world" solutions in the name of avoiding disaster. "We are just so grooved to the Antichrist solution," he said. "We don't worry about it because it presents itself as the solution to all these others."
The billionaire suggested that ancient prophecies may offer a more accurate lens for understanding modern geopolitical dynamics than most people realize.
While he has not officially confirmed a book, Thiel revealed he's been "talking to small groups" and workshopping ideas. "Surely the first step is to think about these things really hard," he said. "Ask the questions that are not being asked."
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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Why It's Important: Thiel's comments are gaining traction not just for their theological depth, but because of who he is—and the power he wields in tech, finance, and politics.
He is a <a href="https://www.benzinga.com/markets/25/03/44209697/how-peter-thiel-and-elon-musk-are-shaping-trump-administration">prominent investor in several</a> of Elon Musk's ventures such as Boring Co., SpaceX, and Neuralink, and has established a diverse portfolio that ranges from the software firm Palantir Technologies Inc. to investment companies backing top Silicon Valley startups.
According to Bloomberg's Billionaires <a href="https://www.bloomberg.com/billionaires/profiles/peter-a-thiel/">Index</a>, Thiel currently has a net worth of $16.2 billion. A Stanford-educated attorney and self-described contrarian, he co-founded PayPal and Palantir Technologies and was Facebook's first outside investor.
His early $500,000 loan to Mark Zuckerberg in 2004 grew into a fortune after Facebook's success.
Photo by Mark Reinstein 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:
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<li><a href="https://www.benzinga.com/25/01/43120820/if-you-invested-1000-in-bitcoin-when-peter-thiel-said-the-top-crypto-might-not-rise-dramatically-heres-how-much-youd-have-made-today">If You Invested $1,000 In Bitcoin When Billionaire Peter Thiel Said BTC Might Not Rise &#8216;Dramatically,&#8217; Here&#8217;s How Much You&#8217;d Have Made Today</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.

Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon— He Thinks We're Ignoring The Real Threat

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