Gain detailed insights into the trading activity of Congress members for Equitrans Midstream on our government trades page. Stay updated on how elected officials are investing in ETRN.

Equitrans Midstream - Government Trades

Equitrans Midstream

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

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Analyst Color

Equities

Large Cap

Mid Cap

Upgrades

Downgrades

Price Target

Analyst Ratings

Trading Ideas

ETRN

Scotiabank analyst upgraded EQT, downgraded RRC &amp; SWN due to revised forecasts for natural gas industry. Expects volatility &amp; LNG export growth.

Analyst Sees Volatile Future for North American Gas Prices, Upgrades Most Impacted Stock

Commodities

Markets

Natural gas has been in focus with energy prices poised to climb on summer demand.

Why 2 Natural Gas Stocks Get Mixed Reception From JPMorgan Analyst

News

Mizuho Securities analyst downgraded EQT to Neutral, citing FY23 reserves, 2024 guidance, and proposed merger with Equitrans. Price target cut to $39.

EQT Stock Downgraded Despite Merger News: Analyst Says Hold Your Horses

On Monday,  EQT Corporation  (NYSE: EQT) announced that it entered into a definitive merger agreement to acquire  Equitrans Midstream Corporation  (NYSE: 

These Analysts Revise Their Forecasts On EQT Following Merger News

Short Ideas

Pre-Market Outlook

GIFI

As of March 12, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 5 Energy Stocks You May Want To Dump In March

Earnings

Penny Stocks

Small Cap

The CNN Money Fear and Greed index remained in the &#34;Greed&#34; zone on Monday.

U.S. stocks closed mixed on Monday, with the S&amp;P 500 settling lower for the second straight session. All three major indices closed recorded losses last week, with the S&amp;P 500 falling 0.26% and the blue-chip Dow declining 0.93%.

Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone Ahead Of Inflation Data; S&amp;P 500 Falls For 2nd Session

Eurozone

Global

Intraday Update

ELTK

LXRX

VTYX

U.S. stocks traded mixed toward the end of trading, with the Dow Jones index turning higher on Monday.

The Dow traded up 0.08% to 38,753.49 while the NASDAQ fell 0.20% to 16,052.34. The S&amp;P 500 also fell, dropping, 0.14% to 5,116.66.

Dow Turns Higher; GDS Holdings Shares Climb

U.S. stocks traded lower midway through trading, with the Dow Jones index dipping over 50 points on Monday.

The Dow traded down 0.16% to 38,662.09 while the NASDAQ fell 0.26% to 16,043.75. The S&amp;P 500 also fell, dropping, 0.27% to 5,110.11.

Crude Oil Edges Higher; Lexicon Pharmaceuticals Shares Jump

Business,Partnership,Meeting,Concept.,Image,Businessmans,Handshake.,Successful,Businessmen,Handshaking

Guidance

Movers

Shares of EQT and Equitrans Midstream  are moving in opposite directions premarket after merger deal. Under the terms of the agreement, EQT will acquire Equitrans in an all-stock transaction.

Why EQT &amp; Equitrans Midstream Shares Are Moving Premarket Monday

Dividends

Equitrans Midstream Corp reported Q4 FY23 operating revenue of $360.6M, below estimate of $366.9M. Expenses flat, operating income up. The company&#39;s Board of Directors has been engaged in a process with third parties that have expressed interest in strategic transactions.

Equitrans Midstream In Strategic Transaction Talks - What&#39;s On The Cards?

Equitrans Midstream Corporation Common Stock

Equitrans Midstream Corp

Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) (&quot;Critical Metals Corp&quot;), a leading mining development company focused on critical metals and minerals and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners, today announced that it has been selected for inclusion in the Russell 2000&reg;&nbsp;Index, Russell 3000&reg;&nbsp;Index, and the Russell Microcap&reg;&nbsp;Index, effective at the open of US equity markets on Monday, July 1st, as part of the 2024 Russell indexes annual reconstitution. 
&nbsp;

Government

Regulations

CRML

Reported Earlier, Critical Metals Corp. Joins Russell 2000, Russell 3000 and Russell Microcap Indexes

Earnings Misses

GreenPower Motor Co FY Sales $39.300M Miss $41.050M Estimate

XP Inc. (&quot;XP&quot; or &quot;we&quot;) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) , a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of&nbsp;6.750%&nbsp;senior unsecured notes due 2029 (the &quot;notes&quot;). The notes will be guaranteed by XP Investimentos S.A. The transaction is expected to close on July 2, 2024, subject to the satisfaction of customary closing conditions. XP intends to use the net proceeds from the offering of the notes to purchase tendered&nbsp;3.250%&nbsp;senior unsecured notes due 2026 and for general corporate purposes.
The notes are being offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the &quot;Securities Act&quot;) and to persons outside of the United States in compliance with Regulation S under the Securities Act. The offer and sale of the notes has not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and the notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

Offerings

Reported Earlier, XP Inc Priced $500M Senior Notes Offering

ELLO

Ellomay Capital Q1 EPS $(0.02) Down From $0.29 YoY, Sales $8.91M Down From $13.08M YoY

In another eyes.lips.first., e.l.f. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) is expanding its collaboration with Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), making e.l.f. the first beauty brand to test real-world commerce on Roblox1, powered by Walmart. The initiative will further e.l.f.&#39;s mission to bring the best of beauty to every eye, lip and face, and engage with its vibrant and growing Roblox community of over 12 million total visits and counting.
e.l.f. is expanding its collaboration with Roblox, becoming the first beauty brand to test real-world commerce on the platform. (Photo: Business Wire)
e.l.f. has created a virtual kiosk within its&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.elfbeauty.com%2Fnews-and-events%2Fpress-releases%2Flanding-news%2F2023%2F11-09-2023&amp;esheet=54088328&amp;newsitemid=20240627246638&amp;lan=en-US&amp;anchor=immersive+e.l.f.+UP%21+experience&amp;index=1&amp;md5=e7c7288ebdad2de9738dec212a365fb0">immersive e.l.f. UP! experience</a>&nbsp;on Roblox, where U.S. visitors aged 13 and up can purchase a Roblox-exclusive limited-edition physical product &mdash; an e.l.f. UP! Pets Hoodie, celebrating the brand&#39;s commitment to being cruelty free and featuring one of the beloved virtual pets from the experience. e.l.f. is also making a separate&nbsp;$50,000&nbsp;donation to the Humane Society of the United States to reinforce its support of animal welfare and appealing to every eye, lip, face and paw.
e.l.f.&#39;s Roblox e.l.f. UP! experience, which launched in November 2023, takes users on a dynamic, personalized journey to become successful entrepreneurs and cultural changemakers. Users focus on startups that represent places and causes they care most about. Since its launch, the e.l.f. UP! experience on Roblox has garnered a&nbsp;96%&nbsp;positivity rating2&nbsp;and has given over one million free virtual items to Roblox users &mdash; making it one of the biggest providers of free limited-edition virtual items on the platform.

RBLX

E.l.f. Expands Roblox Collaboration, Launches Real-World Commerce

Spirit AeroSystems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) (&quot;Spirit&quot;) today announced it has entered into a definitive merger agreement under which The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) (&quot;Boeing&quot;) will acquire Spirit for&nbsp;$37.25&nbsp;per share in Boeing common stock (subject to the collar described below). At&nbsp;$37.25&nbsp;per share, this represents an equity value of approximately&nbsp;$4.7 billion&nbsp;and an enterprise value of approximately&nbsp;$8.3 billion&nbsp;including Spirit&#39;s last reported net debt. The price of&nbsp;$37.25&nbsp;per share represents a&nbsp;30%&nbsp;premium to Spirit&#39;s closing stock price of&nbsp;$28.60&nbsp;on&nbsp;February 29, 2024, the day before Spirit and Boeing issued press releases confirming they were in discussions regarding a potential transaction.&nbsp;&nbsp;

Reported Earlier, Boeing to Acquire Spirit AeroSystems in $8.3B Deal

Big tech companies are considering a <a href="https://www.benzinga.com/government/24/03/37627399/amazons-shot-at-nuclear-power-play-will-the-tech-giants-latest-move-redefine-green-energy-for-data-c">significant shift in their energy sources</a> to fuel the AI boom, with a potential move towards nuclear power. This move, while beneficial for the companies, has raised concerns about its impact on the grid and the environment.
What Happened: Tech giants such as Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are in discussions with the owners of about a third of the U.S. nuclear power plants to directly source electricity for new data centers. This move is driven by the increasing demand for electricity due to the artificial intelligence boom, <a href="https://www.wsj.com/business/energy-oil/tech-industry-wants-to-lock-up-nuclear-power-for-ai-6cb75316?mod=hp_lead_pos1">reported</a> The Wall Street Journal, citing people familiar with the matter.
Amazon Web Services is reportedly close to securing a deal with Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), the largest U.S. nuclear power plant owner. This follows Amazon&#8217;s acquisition of a nuclear-powered data center in Pennsylvania for $650 million in March.
While this move could accelerate the addition of data centers required for the global AI race, it also raises concerns. The tech companies&#8217; potential reliance on existing electricity resources could drive up prices for other customers and hinder emission-cutting goals.
See Also: <a href="https://www.benzinga.com/insights/options/24/06/39554685/smart-money-is-betting-big-in-gme-options?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Smart Money Is Betting Big In GME Options</a>
Even if the tech companies offset these deals by funding the addition of renewable energy, experts warn that this could lead to a greater reliance on natural gas, which produces carbon emissions.
The shift towards nuclear power marks a reversal of fortune for power plant owners in competitive markets, who have struggled to compete with wind, solar, and natural gas. The willingness of tech companies to pay a premium for nearly uninterrupted, carbon-free power could revitalize the nuclear power industry.
"To supplement our wind- and solar-energy projects, which depend on weather conditions to generate energy, we're also exploring new innovations and technologies, and investing in other sources of clean, carbon-free energy," an Amazon spokeswoman said, according to the report.
Why It Matters: The tech industry&#8217;s increasing energy demands, particularly due to AI, have been a topic of concern. Bill Gates recently defended the <a href="https://www.benzinga.com/news/24/06/39543587/bill-gates-dismisses-concerns-that-big-techs-investment-in-power-hungry-ai-says-it-will-ultimately-o">substantial increase in energy consumption</a> due to AI systems, arguing that the technology would ultimately offset its high electricity usage.
However, without improved energy efficiency, <a href="https://www.benzinga.com/markets/asia/24/04/38163078/ai-could-consume-25-of-us-power-by-2030-the-more-information-they-gather-the-more-power-it-takes-war">AI data centers could potentially consume a quarter</a> of the U.S. power requirements by 2030. This has prompted companies like ARM Holdings to focus on reducing the power consumption of AI technologies.
On the other hand, nuclear power has been hailed as a solution to combat the climate crisis. Gates&#8217; energy company TerraPower has initiated construction on a <a href="https://www.benzinga.com/news/24/06/39263769/bill-gates-terrapower-ventures-into-advanced-nuclear-plant-construction-aiming-to-combat-climate-cri">next-generation nuclear power plant</a> in Wyoming, a move expected to significantly transform power generation.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39562507/peter-schiff-says-things-will-likely-get-much-worse-from-here-for-bitcoin-investors?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says &#8216;Things Will Likely Get Much Worse From Here&#8217; For Bitcoin Investors, But 3 BTC Metrics Are Flashing Bullish Signals, According To Expert</a>
Image Via Shutterstock 
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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Tech

AMZN

Tech Giants Eye Nuclear Power To Fuel AI Boom, Raising Concerns Over Stability And Environmental Impact: Report

Reference is made to the stock exchange announcement made by BW LPG Limited (&quot;BW LPG&quot; or the &quot;Company&quot;, OSE ticker code: &quot;BWLPG.OL&quot;, NYSE ticker code &quot;BWLP&quot;) on 21 June 2024 regarding the subsequent court hearing (the &quot;Sanction Hearing&quot;) at which the Supreme Court of Bermuda (the &quot;Court&quot;) sanctioned the scheme of arrangement (the &quot;Scheme&quot;) between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore and adopt the constitution of the Company which will take effect upon continuance in Singapore (the &quot;Redomiciliation&quot;). The court order has been filed with the Registrar of Companies in Bermuda and the Company has obtained the final approval by the Singapore Accounting and Corporate Regulatory Authority.
All conditions to the Scheme as set out in the Scheme have been satisfied or waived, the Redomiciliation has become effective, and the Company is incorporated in Singapore, as of today. The Company&#39;s registration number in Singapore is 202426186Z. The Company has applied for a new ISIN code and a new CUSIP code and will make a further announcement with the new ISIN code and the new CUSIP code in due course.

BWLP

BW LPG Completes Redomiciliation from Bermuda to Singapore

Reported Earlier, KKR And Teachers' Venture Growth Announced The Signing Of Definitive Agreements Under Which They Will Jointly Lead A $140M (JPY 21.4B) Series E Fundraise Of SmartHR With Participation From Existing Shareholders

Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>, ASX:MSB)))), global leader in allogeneic cellular medicines for inflammatory diseases, today confirmed that it will file its Biologics License Application (BLA) for approval of Ryoncil&reg;&nbsp;(remestemcel-L) in the treatment of children with steroid-refractory acute graft versus host disease (SR-aGVHD) with the U.S. Food and Drug Administration (FDA) next week.

MESO

Mesoblast to Submit FDA Application for Ryoncil in Treating Pediatric GVHD

Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) has completed the acquisition of&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.opst-hd.co.jp%2F&amp;esheet=54086988&amp;newsitemid=20240630727256&amp;lan=en-US&amp;anchor=OPENSTREAM+HOLDINGS&amp;index=1&amp;md5=4a4a9cc3a6c79660ce180e8f836564be">OPENSTREAM HOLDINGS</a>&nbsp;and its subsidiaries,&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.opst.co.jp%2F&amp;esheet=54086988&amp;newsitemid=20240630727256&amp;lan=en-US&amp;anchor=Open+Stream&amp;index=2&amp;md5=c9b2fd3dd2a6fe5cea0741e5d2b6fe8b">Open Stream</a>&nbsp;and&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.neut.co.jp%2F&amp;esheet=54086988&amp;newsitemid=20240630727256&amp;lan=en-US&amp;anchor=Neutral&amp;index=3&amp;md5=b2ea6b8a4bdea7d8b596eabba1815d51">Neutral</a>, to help clients reinvent their businesses with advanced digital technologies and become truly data-driven. Terms of the acquisition were not disclosed.

Accenture Completes Acquisition of OPENSTREAM HOLDINGS, Financial Terms Undisclosed

Argo Blockchain plc, (LSE:ARB)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>), a global leader in cryptocurrency mining using predominantly renewable energy, announces the extension of its loan with Galaxy Digital Holdings Ltd. (&quot;Galaxy&quot;) through to December 28, 2024. As of June 30, 2024, the remaining balance of the loan is&nbsp;$5.7 million, which has been reduced from the&nbsp;$35 million&nbsp;originally advanced in December 2022. With this further loan repayment, the Company expects reduced monthly interest expense on the loan from&nbsp;$440k&nbsp;in July 2023 to&nbsp;$78k&nbsp;in July 2024.

ARBK

Argo Blockchain Extends Loan with Galaxy Digital, Cuts Interest Expenses

BlackRock Agreed To Acquire Preqin, A Leading Independent Provider Of Private Markets Data For £2.55B Or Approximately $3.2B In Cash

CRH plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRH#NYSE">CRH</a>), the leading provider of building materials solutions, is pleased to confirm that the previously announced Scheme of Arrangement (the &quot;Scheme&quot;) under which CRH and Barro Group (&quot;Barro&quot;) proposed to acquire Adbri Ltd. (&quot;Adbri&quot;) is now complete. Under the Scheme, CRH has acquired the remaining&nbsp;57%&nbsp;of the ordinary shares of Adbri not owned by Barro.

CRH Completes Acquisition of Remaining 57% Stake in Adbri, Financial Terms Undisclosed

&quot;Nyxoah&quot; or the &quot;Company&quot;), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company submitted the fourth and final module of its Premarket Approval (PMA) application for Genio to the U.S. Food and Drug Administration (FDA).
Genio is a different approach to hypoglossal nerve stimulation (HGNS). Genio offers patients a leadless, fully-body MRI compatible, non-implanted battery solution, powered and controlled by a wearable. Thanks to the fully upgradable wearable component, Genio patients can always have access to the most advanced technology without needing another surgery. In March 2024, Nyxoah announced the DREAM U.S. pivotal study data achieved a statistically significant reduction in the co-primary endpoints of 12-month AHI responder rate, per the Sher criteria, and ODI responder rate, both on an intent-to-treat basis, and that Genio is the only HGNS solution to show similar outcomes in supine and non-supine sleep.

NYXH

Nyxoah Submits Final Module for FDA Approval of Innovative Sleep Apnea Treatment

Years after touting the idea of making <a href="https://www.benzinga.com/news/24/04/38475303/elon-musk-says-spacex-to-solve-in-space-refueling-for-starship-by-next-year-necessary-to-make-life-m">life multi-planetary</a> by enabling humans to land on Mars, billionaire entrepreneur Elon Musk is now contemplating names for the first city on Mars. His vote is on &#8220;Terminus.&#8221;
What Happened: &#8220;This has my vote,&#8221; Musk wrote on Monday in response to an X user who pitched &#8220;Terminus&#8221; as a good name for the first city on Mars.
<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 has my vote
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1807630803662483562?ref_src=twsrc%5Etfw">July 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk has often talked about making life multi-planetary by building a self-sustaining city on Mars and taking humans there. SpaceX&#8217;s ambitious launch vehicle Starship is expected to aid this dream. 
Once the rocket makes it to Mars, multiple ships will move a lot of materials to the planet to help build a<a href="https://www.benzinga.com/news/24/06/39521319/elon-musk-envisions-building-space-station-on-moon-after-spacex-bags-nasa-contract-to-build-iss-deor"> self-sustaining city</a>, Musk previously said. These materials would include infrastructure for power generation, mining, propellant production, construction, and more as Mars is a rather "fixer-upper" planet, he added. 
The billionaire, in 2020, even said that he wants to transport a million people to Mars by 2050.
Why It Matters: The Starship, however, is still in its development and testing phase. the vehicle has had 4 test flights since 2023. 
While the spacecraft failed to reach space in the first flight, it reached space and exploded in the second test flight. During the third flight test, the spacecraft broke apart when re-entering Earth&#8217;s atmosphere from space.
However, the&nbsp;<a href="https://www.benzinga.com/news/24/06/39240002/technology-advances-primarily-via-technology-entrepreneurs-spacex-ceo-elon-musk-tells-science-fictio" target="_blank" rel="noreferrer noopener">fourth flight test&nbsp;</a>in June was a success, with the company checking all its test flight goals including reentry through Earth&#8217;s atmosphere and a soft splashdown of the spacecraft in the Indian Ocean.
SpaceX is expected to have at least six flights of the Starship this year, as per Musk&#8217;s latest estimate from March. For the next test flight, the company is expected to attempt landing the vehicle&#8217;s booster back at Starbase instead of splashing it down in the Gulf of Mexico, in what would be a significant demonstration of the vehicle&#8217;s reusability.
SpaceX's Falcon rocket is about 80% reusable, and the company is currently looking to ensure full reusability for its Starship rocket. Reuse of rockets, the company believes, is integral to bringing down the costs of spaceflight as the most cost is taken up in building the launch vehicle.
NASA is currently relying on the success of Starship to&nbsp;<a href="https://www.benzinga.com/news/23/12/36296253/51-years-since-apollo-17-elon-musk-urges-humanity-to-surpass-moon-visit-as-civilizational-high-water" target="_blank" rel="noreferrer noopener">land humans back on the moon</a>. The last crewed lunar mission occurred in 1972 with Apollo 17. Since then, no crew has traveled beyond low-Earth orbit.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/06/39562595/elon-musk-reacts-to-footballer-isaiah-simmons-white-tesla-cybertruck-parked-up-in-manhattan-nice">Elon Musk Reacts To Footballer Isaiah Simmons&#8217; White Tesla Cybertruck Parked Up In Manhattan: &#8216;Nice&#8217;</a>
Photo courtesy: Shutterstock

SPACE

SpaceX CEO Elon Musk Picks 'Terminus' For Mars' First Starship-Enabled City, After Just 4 Test Flights

The world's second-largest memecoin, Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), witnessed a massive spike in its burn rate in the last 24 hours, contributing in part to the cryptocurrency's price increase.&nbsp;
What Happened: About 301.68 million SHIB tokens were kicked out of circulation, according to the official burn tracker, <a href="https://www.shibburn.com/">Shibburn</a>, representing a jaw-dropping 1393% spike.&nbsp;
Coin burning happens when a cryptocurrency token is intentionally sent to an unusable wallet address to remove it from circulation. This is done to create scarcity and boost its market value if demand stays strong.
More than 918 million SHIBs were burned in June across 237 transactions, marking a 148% spike from the previous month. As of this writing, nearly 410.72 trillion tokens have been burned.&nbsp;
See Also:<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39359780/dogecoin-shiba-inu-floki-are-dino-coins-says-trader-he-likes-these-3-other-meme-coins-as-b?itm_source=parsely-api"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39563506/rich-dad-poor-dad-author-robert-kiyosaki-questions-bitcoin-etfs-authenticity-etfs-are-fake">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Questions Bitcoin ETFs&#8217; Authenticity: &#8216;ETFs Are Fake Gold, Silver, Or Bitcoin&#8217;</a>
Why It Matters: The increase in burn rate coincides with a 2x jump in new transactions on the <a href="https://www.shibariumscan.io/stats">Shibarium</a> blockchain in the last 24 hours.&nbsp;
Recall that all transactions on the Layer 2 network result in the burning of SHIB tokens.&nbsp;
The above data was supported by findings from on-chain analytics firm IntoTheBlock, which <a href="https://app.intotheblock.com/?end_offset=20">revealed </a>an 181% jump in large transaction volume. Moreover, SHIB's daily active addresses rose by 65% in the last 24 hours. 
Price Action: The resulting deflationary pressure helped propel the memecoin's price. At the time of writing, SHIB was exchanging hands at $0.00001739, marking a 4.13% increase 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>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39567061/solana-soars-16-over-7-days-outpacing-bitcoin-and-ethereum-over-etf-application-momentum-m">Solana Soars 16% Over 7 Days, Outpacing Bitcoin And Ethereum Over ETF Application Momentum — More Applications To Follow?</a>

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

Cryptocurrency

$SHIB

'Dogecoin Killer' Shiba Inu Gains Momentum After Burn Rate Shoots 1393%

Boeing Co. has announced the acquisition of Spirit AeroSystems Holdings Inc in a $4.7 billion all-stock deal, in a bid to address the safety and regulatory challenges faced by its supplier.
Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has <a href="https://www.benzinga.com/markets/equities/24/06/39470596/boeing-offers-to-acquire-spirit-aerosystems-in-35-per-share-deal-funded-mostly-by-stock-report">announced the acquisition</a> of Spirit AeroSystems Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) in a $4.7 billion all-stock deal, in a bid to address the safety and regulatory challenges faced by its supplier. 
What Happened: The acquisition, which has been in the works for several months, is part of Boeing&#8217;s strategy to resolve the safety and regulatory crisis that has impacted its key supplier. The total transaction value, including Spirit&#8217;s net debt, is approximately $8.3 billion, Boeing stated.
Under the terms of the deal, each share of Spirit common stock will be exchanged for a number of shares of Boeing common stock, resulting in an equity value of about $37.25 per share.
See Also: <a href="https://www.benzinga.com/markets/equities/24/06/39563622/is-kamala-harris-the-answer-to-joe-bidens-shortcomings-poll-hints-at-voter-sentiment-toward-poss?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Kamala Harris The Answer To Joe Biden&#8217;s Shortcomings? Poll Hints At Voter Sentiment Toward Possible Replacement Candidate</a>
Boeing also revealed that Airbus (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) will acquire certain commercial work packages that Spirit handles for Airbus as part of the Boeing-Spirit merger. Spirit is also considering the sale of some of its operations, including those in Belfast, non-Airbus operations in Northern Ireland, Prestwick, Scotland, and Subang, Malaysia. The deal is expected to close in mid-2025.
Why It Matters: The acquisition of Spirit AeroSystems is a significant move for Boeing, which has been grappling with a series of challenges, including the grounding of its 737 MAX aircraft. This acquisition is seen as a strategic step to address the issues faced by its supplier and to strengthen its position in the aerospace industry.
Price Action: Boeing Co closed at $182.01, down 0.27% on Friday. In after-hours trading, the stock rose 0.038%. Year to date, Boeing has declined by 27.70%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39563833/trump-campaign-signals-intent-to-withdraw-us-from-paris-climate-accord-again-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Campaign Signals Intent To Withdraw US From Paris Climate Accord Again: Report</a>
Image Via Shutterstock 
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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

EADSF

Boeing To Acquire Spirit Aerosystems For $4.7B After Months Of Negotiations

Vitalik Buterin, co-founder of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), recently expressed his concerns over the current state of cryptocurrency regulation, particularly in the United States.
What Happened: While responding to a user on decentralized social network, Warpast, Buterin <a href="https://warpcast.com/vitalik.eth/0xda1c0058">criticized </a>the &#8220;anarcho-tyranny&#8221; of current cryptocurrency regulations. He argued that companies offering vague promises of potential returns are allowed to operate freely, while those providing clear explanations of returns and customer rights are penalized for being &#8220;a security&#8221;.
&#8220;The incentive gradient that this &#8220;anarcho-tyranny&#8221; creates ends up worse for the space than either plain anarchy or plain tyranny,&#8221; the cryptocurrency technologist remarked. 
While Buterin did not outright target any project, his comments appeared to be directed at memecoins, particularly those launched by celebrities. He&#8217;d previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39199293/shiba-inus-shytoshi-kusama-indicates-massive-plans-for-the-crypto-project-in-response-to-e">questioned the motive</a> behind these endeavors.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39540868/roaring-kittys-dog-post-on-x-doesnt-do-much-for-dogecoin-shiba-inu-but-sends-this-cat-them?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Roaring Kitty&#8217;s Dog Post On X Doesn&#8217;t Do Much For Dogecoin, Shiba Inu, But Sends This Cat-Themed Crypto Shooting Up</a>
Buterin added that he would prefer the industry to develop in a direction where launching a coin without a long-term aim welcomes more scrutiny, while projects with a clear long-term vision are encouraged.
Why It Matters: Buterin&#8217;s comments come in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39555976/sec-files-lawsuit-against-consensys-over-unregistered-brokerage-activities">wake of a lawsuit filed by the SEC against ConsenSys</a>, a blockchain software company, for alleged violations of federal securities laws. The SEC claims that ConsenSys failed to register as a broker and did not register the offer and sale of securities, leading to substantial investor protection concerns.
Interestingly, the SEC recently closed an investigation into <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39393693/ethereum-secures-momentous-win-after-sec-closes-security-probe-whale-accumulates-over-19m-">whether Ether is a security,</a> marking a significant win for the cryptocurrency. 
The SEC&#8217;s decision comes after it cleared asset managers to launch spot exchange-traded funds tracking the spot price of Ether in May.
Price Action: At the time of writing, SOL was exchanging hands at $3,491.97, rising 3.7% 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>.
Photo by Alexey Smyshlyaev on Shutterstock.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39567061/solana-soars-16-over-7-days-outpacing-bitcoin-and-ethereum-over-etf-application-momentum-m#google_vignette">Solana Soars 16% Over 7 Days, Outpacing Bitcoin And Ethereum Over ETF Application Momentum — More Applications To Follow?</a>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://benzinga.com/apis" rel="noreferrer noopener" target="_blank"></a>

$ETH

Ethereum Co-Creator Vitalik Buterin Slams 'Anarcho-Tyranny' Of Crypto Regulations, Says 'Useless' Projects Safe While Those With Long-Term Story Punished

Epic Games is advancing its plans to relaunch "Fortnite" on its own iPhone app store for EU users by submitting the Epic Games Store and the updated Fortnite app to Apple for notarization.
Epic Games&nbsp;is making progress in its plans to relaunch the popular game &#8220;Fortnite&#8221;&nbsp;on its own iPhone app&nbsp;store, specifically for EU users.
What Happened: Over the weekend, the Epic Games Newsroom account on X, formerly Twitter, revealed that the company has submitted&nbsp;the Epic Games Store and&nbsp;the updated Fortnite app to Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for the necessary notarization process. 
Despite its objections to&nbsp;Apple&#8217;s procedures for setting up alternative app stores and submitting&nbsp;apps, Epic has chosen to comply with the <a href="https://www.benzinga.com/general/gaming/24/03/37567854/epic-victory-fortnite-returns-to-ios-in-europe-as-apple-relents-on-eu-ban">rules to bring its game back</a> to iOS users.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/06/39515667/jeff-bezos-doubled-productivity-at-amazon-in-its-infancy-by-simply-buying-a-table-the-most-brilliant?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Doubled Productivity At Amazon In Its Infancy By Simply Buying A Table: &#8216;The Most Brilliant Idea I&#8217;ve Ever Heard&#8217;</a>
<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">Status update on our mobile plans: DONE: &#x2705; Submitted the Epic Games Store and Fortnite to Apple for their required notarization process. IN PROGRESS: &#x25fb;&#xFE0F; Launch! Targeting the next couple months for the store and Fortnite on iOS in the EU. &#x25fb;&#xFE0F; Bring our games to other mobile…
&mdash; Epic Games Newsroom (@EpicNewsroom) <a href="https://twitter.com/EpicNewsroom/status/1806819627181219995?ref_src=twsrc%5Etfw">June 28, 2024</a></blockquote>
</div>
</figure>
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 Matters: Previously, Epic was barred&nbsp;from selling its products and&nbsp;services on the App Store&nbsp;and briefly <a href="https://www.benzinga.com/general/gaming/24/03/37517484/apple-terminates-epic-games-developer-account-in-ongoing-feud-over-app-store-fees">lost its developer license</a> for violating Apple&#8217;s rules. However, the company regained its developer status after the EU implemented&nbsp;its Digital Markets Act&nbsp;rules.
The DMA has compelled Apple to allow third-party developers to access its platforms with minimal restrictions. However, Apple continues to retain the right to review&nbsp;third-party apps and app stores&nbsp;for compliance with its&nbsp;security and user privacy policies.
Earlier, developers like Epic and&nbsp;Spotify Inc.&nbsp;<a href="https://www.benzinga.com/news/24/02/36905935/apple-faces-backlash-as-zuckerberg-microsoft-spotify-and-epic-games-unite-against-eu-app-store-propo">expressed dissatisfaction</a> with Apple&#8217;s&nbsp;requirements. The EU is currently&nbsp;investigating&nbsp;Apple&#8217;s rules around alternative app&nbsp;stores and its Core Technology Fee. 
In the U.S., Apple is defending itself against antitrust <a href="https://www.benzinga.com/news/24/05/38605878/tim-cook-blasts-dojs-antitrust-lawsuit-against-apple-says-hes-going-to-make-sure-it-doesnt-become-a">charges brought by the U.S. Justice Department</a> and 16 state attorneys general. In March, they <a href="https://www.benzinga.com/news/24/03/37862409/apple-accused-of-illegally-maintaining-iphone-dominance-in-upcoming-doj-lawsuit-report">filed a lawsuit against Apple</a>, accusing the company of using illegal tactics to maintain its monopoly in the smartphone market.
Photo 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:&nbsp;<a href="https://www.benzinga.com/news/24/06/39562427/metas-ray-ban-smart-glasses-face-new-rival-powered-by-openais-chatgpt?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta&#8217;s Ray-Ban Smart Glasses Face New Rival Powered By OpenAI&#8217;s ChatGPT</a>
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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Press Releases

Equitrans Midstream Schedules First Quarter 2024 Earnings Release Date

Equitrans Midstream Announces Quarterly Dividends

Equitrans Midstream Announces First Quarter 2024 Results

EQUITRANS MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Equitrans Midstream Corporation - ETRN

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Equitrans and EQT Announce Deadline for Equitrans Preferred Stock Election

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Thomas R. CarperSenate (D-DE)	$1K - $15K	Sale	Mar 29, 2024	Mar 11, 2024	Senate
Thomas R. CarperSenate (D-DE)	$1K - $15K	Purchase	Feb 02, 2024	Jan 17, 2024	Senate
Mark GreenHouse (R-TN)	$250K - $500K	Sale	Apr 13, 2022	Apr 06, 2022	House
Mark GreenHouse (R-TN)	$250K - $500K	Purchase	Mar 08, 2022	Mar 03, 2022	House

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