Financial News, Data & Education 💸
Detroit
Joined June 2009
- Tweets261K
- Following854
- Followers346K
- Likes44.9K
Pinned Tweet
Tom Sosnoff (@Tomunderwater) and Adam Mesh (@adammesh) discussed why markets may prefer a split government on The Drift.
Sosnoff says checks and balances can create more “slop,” an environment he believes has historically been better for markets.
Pinterest's Growth Engine Hits a Wall As Revenue Slows Sharply.
benzinga.com/trading-ideas/m…
Netflix 'Can't Lift,' Jim Cramer Says: It Lost Its Biggest Selling Point.
benzinga.com/trading-ideas/l…
Binance Founder CZ Tells Elon Musk ‘Bad Time to Troll’ as Hack Draws FTX Comparison.
benzinga.com/crypto/cryptocu…
Kevin O'Leary Says Bitcoin May Not 'Automatically' Rally Even If CLARITY Act Passes, Warns Midterms Could Create Washington 'Gridlock'
benzinga.com/crypto/cryptocu…
Warren Buffett prefers trust over lengthy contracts. Berkshire bought National Indemnity and a sister insurer for $8.6M using a 1½-page agreement.
“If I have to have 50 pages ... I’ll always wonder whether I needed 51.”
California GOP Candidate Steve Hilton Slams Mark Zuckerberg for $1 Million Donation to Democrat Xavier Becerra: ‘Protection Money’
benzinga.com/news/politics/2…
Wall Street Is in Denial: AI Financing Problems Are Already Here, Barclays Strategist Warns.
benzinga.com/markets/predict…
Mastercard's Prudent Outlook Offers 'Favorable Jumping Off Point for 2027,' Analyst Says.
benzinga.com/analyst-stock-r…
OpenAI CEO Sam Altman argues running AI models locally is an inefficient use of scarce DRAM when personal computers use that memory just 5% of the time.
He says cloud data centers can keep memory in use more consistently.
Sandisk ($SNDK) Has More Demand Than It Can Supply Through 2030, Analyst Says.
benzinga.com/markets/tech/26…
Benzinga retweeted
Intel ($INTC) plunged about 30% after weak guidance, erasing roughly $12.2B in paper value from the U.S. government’s stake.
The position is still worth about $27.7B, leaving taxpayers with an estimated $18.9B paper gain.
benzinga.com/trading-ideas/m…
Congressman Ditches Semiconductors, Data Storage: Here’s Three Stocks He Sold.
benzinga.com/news/politics/2…
Benzinga retweeted
Binance’s reported $6.3 billion security breach could create an opportunity for Coinbase ($COIN) to strengthen its reputation as a safer, more trusted crypto platform.
Binance said roughly $3 billion in affected assets had been frozen, while deposits and withdrawals were temporarily suspended. The exchange said customer funds were safe and that losses would be covered through its protection fund and company resources.
Blockchain analytics firm Chainalysis estimated that at least $5.9 billion had been stolen as the investigation continued.
The incident pressured the broader crypto market, with Bitcoin ($BTC) and Ethereum ($ETH) falling while Coinbase shares dropped about 6% in premarket trading.
That reaction shows that a major exchange hack can damage confidence across the entire industry rather than immediately benefiting competitors.
Still, Coinbase has a potential trust advantage. The company said its share of crypto trading volume reached 10.7% in the third quarter, marking a fourth consecutive quarter of market-share gains.
Assets held on Coinbase represented 12.5% of the total crypto market, while CEO Brian Armstrong has emphasized the company’s positioning as a trusted custodian.
Coinbase is also diversifying beyond trading fees through USDC, subscriptions and prediction markets. Whether Binance’s breach translates into lasting gains will depend on whether users actually move assets and trading activity to rival platforms rather than simply reducing their exposure to crypto altogether.
Binance’s reported $6.3 billion security breach could create an opportunity for Coinbase ($COIN) to strengthen its reputation as a safer, more trusted crypto platform.
Binance said roughly $3 billion in affected assets had been frozen, while deposits and withdrawals were temporarily suspended. The exchange said customer funds were safe and that losses would be covered through its protection fund and company resources.
Blockchain analytics firm Chainalysis estimated that at least $5.9 billion had been stolen as the investigation continued.
The incident pressured the broader crypto market, with Bitcoin ($BTC) and Ethereum ($ETH) falling while Coinbase shares dropped about 6% in premarket trading.
That reaction shows that a major exchange hack can damage confidence across the entire industry rather than immediately benefiting competitors.
Still, Coinbase has a potential trust advantage. The company said its share of crypto trading volume reached 10.7% in the third quarter, marking a fourth consecutive quarter of market-share gains.
Assets held on Coinbase represented 12.5% of the total crypto market, while CEO Brian Armstrong has emphasized the company’s positioning as a trusted custodian.
Coinbase is also diversifying beyond trading fees through USDC, subscriptions and prediction markets. Whether Binance’s breach translates into lasting gains will depend on whether users actually move assets and trading activity to rival platforms rather than simply reducing their exposure to crypto altogether.
Benzinga retweeted
ADT to Go Private in $15.3 Billion Acquisition Deal.
benzinga.com/m-a/26/10/62709…
Benzinga retweeted
Michael Burry Says This 'Mall Dinosaur' Stock Could Double.
benzinga.com/trading-ideas/m…
Benzinga retweeted
Instacart CEO Calls Q3 Its Strongest Quarter As Public Company.
benzinga.com/markets/earning…
