Option chain shows key data for Sylvania Platinum's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Sylvania Platinum.

Sylvania Platinum (OTC:SAPLF) Stock, Option Chain

Sylvania Platinum

Sylvania Platinum Ltd is a South Africa-based company producing platinum group metals (PGMs) such as platinum, palladium, and rhodium. The company's core business is the retreatment of PGM-rich chrome tailings material. Its operating segment includes Sylvania Dump Operations (SDO), All other segments, Joint Venture, and Exploration. It generates maximum revenue from the Sylvania Dump Operations (SDO) segment. Geographically, it derives revenue from South Africa. It also holds prospecting and mining rights for several PGM projects on the Northern Limb of the Bushveld Igneous Complex.

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SYLVANIA PLATINUM LTD ORD by Sylvania Platinum Limited

Sylvania Platinum Ltd

The incoming Donald Trump administration is reportedly planning to extend the regulatory power of the Commodity Futures Trading Commission to oversee a major portion of the cryptocurrency market.
What Happened: The&nbsp;CFTC's role could soon expand&nbsp;to include the regulation of&nbsp;spot markets for major assets such as&nbsp;Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), along&nbsp;with the exchanges that facilitate&nbsp;their trading, Fox Business <a href="https://www.foxbusiness.com/markets/trump-admin-eyes-cftc-lead-digital-asset-regulation">reported </a>on Tuesday, citing sources close to Trump&#8217;s team.
The proposed move is&nbsp;part of a broader effort&nbsp;by President-elect Trump and&nbsp;the Republican majorities in Congress&nbsp;to scale back the regulatory power that&nbsp;the SEC has exerted&nbsp;over the digital asset industry&nbsp;under President Joe Biden and his&nbsp;outgoing SEC chairman, Gary Gensler.
Key figures&nbsp;in the incoming Trump administration&nbsp;believe that less stringent regulation&nbsp;is needed to spur innovation&nbsp;in the cryptocurrency business.
If implemented, the move would give the CFTC, the regulator of the U.S. derivatives market, jurisdiction over a nearly $2.24 trillion market for Bitcoin and Ethereum, making up more than 70% of the global cryptocurrency market.
The CFTC didn&#8217;t immediately respond to Benzinga&#8217;s request for confirmation. A mail sent to Trump&#8217;s former campaign spokesman wasn&#8217;t responded to either.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42205579/jim-cramer-says-bitcoin-and-ethereum-deserve-a-spot-in-your-portfolio-as-hedge-against-rising-us-debt-ive-liked-crypto-for-a-very-long-time">Jim Cramer Says Bitcoin And Ethereum &#8216;Deserve A Spot In Your Portfolio&#8217; As Hedge Against Rising US Debt: &#8216;I&#8217;ve Liked Crypto For A Very Long Time&#8217;</a>
Why It Matters: The CFTC has long considered digital assets like Ethereum <a href="https://www.benzinga.com/markets/cryptocurrency/23/03/31270768/ethereum-a-commodity-too-cftc-chair-thinks-it-should-be-added-to-gary-genslers-bitcoin-onl">as commodities</a>, as stated by CFTC Chair Rostin Benham in his testimony before the Senate Agriculture Committee, in contrast to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37538468/sec-chair-gary-gensler-declines-to-say-whether-ethereum-is-a-commodity-its-about-circumsta">SEC&#8217;s ambiguous position</a> on the asset.
As for Bitcoin, the asset has <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27866983/commodity-or-security-new-bitcoin-insights-from-sec-chairman-gary-gensler">long been recognized as a commodity</a>, even by the SEC, protecting it against regulatory scrutiny.
The Trump transition team has been considering the creation of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">White House role dedicated to cryptocurrency policy</a>, indicating a potential shift in the U.S. government's approach to digital assets (<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">source</a>).
This change in regulatory oversight comes as SEC Chair Gary Gensler, known for his stringent regulatory approach towards cryptocurrencies, <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">announced his resignation </a>effective from Trump&#8217;s inauguration day.
Image via Pixabay
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">Trump-Linked Crypto Platform World Liberty Financial Appoints Justin Sun As Advisor After $30 Million Investment</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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

Government

Regulations

$BTC

$ETH

Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?

In a provocative discourse on modern military technology, leading tech innovators are challenging traditional warfare strategies, arguing that autonomous drones and artificial intelligence will <a href="https://www.benzinga.com/news/24/11/42157649/trumps-doge-co-lead-elon-musk-slams-lockheed-martins-f-35-fighter-jets-advocates-drone-warfare-as-pentagon-defends-1-8-trillion-program">fundamentally transform military combat</a>.
What Happened: Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk sparked widespread discussion by asserting that &#8220;future wars are all about drones &amp; hypersonic missiles&#8221; and that human-piloted fighter jets will be quickly decimated in modern conflict.
Pierre Ferragu, an analyst at New Street Research, further proposed redirecting Defense Department budgets toward innovative startups, drawing parallels to NASA&#8217;s approach two decades ago.
Musk&#8217;s perspective was amplified during a podcast with Joe Rogan and Marc Andreessen, where they detailed the potential of AI-controlled aircraft. The experts highlighted critical advantages of drone warfare, including:
<ul>
<li>Unprecedented processing speeds</li>
<li>Ability to withstand extreme G-forces</li>
<li>Elimination of human physical limitations</li>
<li>Potential for larger, more numerous deployment</li>
</ul>
<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">Time to shift the Defense Department's budget toward start-ups, just as NASA began doing 20 years ago. Will fuel innovation, spur economic growth, create wealth, and deliver the defense capabilities we deserve. <a href="https://t.co/U5HoxVEGlf">https://t.co/U5HoxVEGlf</a>
&mdash; Pierre Ferragu (@p_ferragu) <a href="https://twitter.com/p_ferragu/status/1861530036513423452?ref_src=twsrc%5Etfw">November 26, 2024</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/news/24/11/42205410/elizabeth-warren-slams-trump-transition-funding-strategy-involving-private-donors-calls-it-ploy-for-insiders-to-line-their-pockets">Elizabeth Warren Slams Trump Transition Funding Strategy Involving Private Donors, Calls It Ploy For &#8216;Insiders To Line Their Pockets&#8217;</a>
What Happened: The Pentagon&#8217;s F-35 program, manufactured by Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), remains a focal point of debate. Despite a staggering $1.8 trillion estimated total cost, the program continues to face scrutiny from technology leaders <a href="https://www.benzinga.com/news/24/11/42157649/trumps-doge-co-lead-elon-musk-slams-lockheed-martins-f-35-fighter-jets-advocates-drone-warfare-as-pentagon-defends-1-8-trillion-program">questioning its long-term relevance</a>.
Musk, recently appointed to co-lead the Department of Government Efficiency (DOGE), has been vocal about reducing government expenditures. His critique extends beyond military technology, previously warning about potential economic risks from <a href="https://www.benzinga.com/general/social-media/24/11/42155884/economist-slams-doges-simplistic-approach-to-government-spending-questions-super-bowl-ad-criticism">excessive government spending</a>.
Analysts like Mario Georgiou from InCred Global Wealth U.K. suggest potential annual savings between $50-100 billion, though this represents a modest fraction of the projected $6.7 trillion <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">federal budget for 2024</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/42206182/cathie-wood-sees-400b-opportunity-in-biologics-how-have-her-bets-fared">Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?</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.

Equities

Startups

Tech

TSLA

Amid Elon Musk's Push For Drones And AI For Combat Transformation, Analyst Pierre Ferragu Says Shift The Defense Budget In Favor Of Startups

Cathie Wood, CEO of ARK Invest, is doubling down on biologics, seeing unprecedented potential at the intersection of artificial intelligence, genetic sequencing, and gene editing technologies.
What Happened: Wood&#8217;s enthusiasm centers on what she describes as a transformative convergence of technologies that could revolutionize medical treatment and drug discovery. 
Speaking candidly about the sector, Wood highlighted the remarkable progress in genetic therapies, particularly in companies like Crispr Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>), Intellia Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>), and Beam Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>).
Her most striking example involves Crispr Therapeutics&#8217; recent breakthrough in sickle cell disease treatment. Wood noted, referencing how patients who previously required 12 to 20 annual blood transfusions might now be free from such interventions.
The strategy extends beyond treatment breakthroughs to drug development itself. Wood points to companies like Recursion Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) as leveraging artificial intelligence to dramatically reduce clinical trial failure rates and accelerate drug development timelines.
However, the market performance of these innovative companies tells a more nuanced story. Year-to-date, the stocks have experienced significant volatility: Crispr Therapeutics is down 25.36%, Intellia Therapeutics has dropped 52.21%, Beam Therapeutics declined 3.04%, and Recursion Pharmaceuticals fell 9.80%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</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">Which market sector excites <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a> the most and why? In <a href="https://twitter.com/hashtag/askARK?src=hash&amp;ref_src=twsrc%5Etfw">#askARK</a>, she shares her growing enthusiasm for the biologics space. Have more questions for Cathie? Share them in the comments. <a href="https://t.co/WjilZChce6">pic.twitter.com/WjilZChce6</a>
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1861431767506268404?ref_src=twsrc%5Etfw">November 26, 2024</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/general/entertainment/24/11/42205763/disney-reaches-43m-settlement-in-gender-pay-discrimination-lawsuit-women-can-expect-equitable-treatment-moving-forward">Disney Reaches $43M Settlement In Gender Pay Discrimination Lawsuit: &#8216;Women Can Expect Equitable Treatment&#8217; Moving Forward</a>
Why It Matters: ARK&#8217;s commitment to this sector is evident through its Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>), which manages net assets of $1.179 billion. The fund&#8217;s performance reflects the sector&#8217;s volatility, with annual returns ranging from a high of 180.50% in 2020 to a low of -53.94% in 2022.
The ETF&#8217;s current top holdings underscore Wood&#8217;s strategic focus on innovative biological technologies. Twist Bioscience Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) leads the portfolio at 8.90%, followed by Crispr Therapeutics at 7.88% and Recursion Pharmaceuticals at 6.17%. Other significant investments include CareDx Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>), Veracyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>), and Adaptive Biotechnologies Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>), representing a diversified approach to genomic and biological innovation.
Wood&#8217;s vision suggests a potential $400 billion market opportunity in biologics over the next five years, driven by the unprecedented convergence of AI, sequencing technologies, and gene editing. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement">Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement</a></li>
</ul>
Image via Ark Invest
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Biotech

Health Care

ADPT

ARKG

BEAM

CDNA

CRSP

NTLA

RXRX

TWST

VCYT

Cathie Wood Sees $400B Opportunity In Biologics — How Have Her Bets Fared?

ChatGPT-maker OpenAI's unreleased Sora text-to-video AI model has reportedly been leaked by a group of beta testers protesting its handling of artists.
What Happened: A group of Sora beta testers claimed responsibility for leaking access to the model on Tuesday, which included a working interface, on Hugging Face, a public repository for AI tools.
According to an open letter, the artists accused OpenAI of exploiting their work for &#8220;unpaid R&amp;D&#8221; and &#8220;art washing.&#8221; They alleged that the company used them to create promotional credibility while denying fair compensation.
&#8220;We are sharing this to the world in the hopes that OpenAI becomes more open, more artist friendly, and supports the arts beyond PR stunts,&#8221; the letter read.
See Also: <a href="https://www.benzinga.com/tech/24/11/42154107/consumer-tech-news-nov-18-nov-22-us-doj-demands-google-to-divest-chrome-browser-gemini-ai-available-on-apple-more?itm_source=parsely-api">Consumer Tech News (Nov 18-Nov 22): US DOJ Demands Google To Divest Chrome Browser, Gemini AI Available On Apple &amp; More</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">This looks real &#8211; early testers have leaked access to OpenAI Sora using Hugging Face Space <a href="https://t.co/Hx1vflGsx5">https://t.co/Hx1vflGsx5</a> <a href="https://t.co/HFDd3aDT8C">pic.twitter.com/HFDd3aDT8C</a>
&mdash; Tibor Blaho (@btibor91) <a href="https://twitter.com/btibor91/status/1861433835528839632?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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">&#x1f6a8; Another leaked SORA anime video Do you think the next generation of anime will be AI-generated? <a href="https://t.co/vOp8WxVUri">pic.twitter.com/vOp8WxVUri</a>
&mdash; Haider. (@slow_developer) <a href="https://twitter.com/slow_developer/status/1861473746990530673?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
OpenAI did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Last month, OpenAI&#8217;s valuation <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">soared to $157 billion</a> following a successful funding round.
OpenAI&#8217;s potential shift from a nonprofit to a for-profit model has led to a financial and <a href="https://www.benzinga.com/startups/24/10/41556636/microsoft-and-openai-clash-over-14-billion-as-the-ai-leader-converts-to-a-for-profit-business-disrup">governance tug-of-war</a> with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), which has invested nearly $14 billion in the company since 2019.
ChatGPT-maker has also been grappling with a series of <a href="https://www.benzinga.com/news/24/09/41037848/openai-cto-mira-murati-steps-down-i-want-to-create-the-time-and-space-to-do-my-own-exploration-elon">high-profile exits</a>, including its CTO Mira Murati, who in March said that Sora was <a href="https://www.benzinga.com/news/24/03/37688389/openais-mira-murati-lists-out-the-real-issues-delaying-sora-ai-release-this-is-the-reason-why-were-n">expected to launch</a> by the end of 2024.
At the time she also said that the company would not release the model unless they were confident in its ability to avoid negative impacts, such as influencing global elections.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Photo courtesy: Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42156373/marc-benioff-warns-were-near-the-upper-limits-of-llms-the-future-of-ai-lies-in-autonomous-agents-not-bots-like-chatgpt?itm_source=parsely-api">Marc Benioff Says Future Of AI Not In Bots Like ChatGPT But In Autonomous Agents: We Aren&#8217;t At The Moment Seen In Those &#8216;Crazy&#8217; Movies</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

MSFT

OpenAI's Sora Video Model Leak Exposes Deep Rift With Artists — Unpaid R&D, PR Puppets, And Content Approval Fury: What You Need To Know

Leading cryptocurrencies slid further Tuesday, as long-term investors continued to chase profits.&nbsp;
<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>-2.18%</td>
<td>$92,538.27</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>-3.32%</td>
<td>$3,335.13</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>-4.39%</td>
<td>$0.3886</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell to an intraday low of $90,770 before recovering to $92,500 in overnight hours. The corrective action has wiped all of the gains made over the week, halting the leading cryptocurrency&#8217;s rise to $100,000.
Long-term Bitcoin holders have offloaded 728,000 coins in the past 30 days, marking the largest sell-off since April.
<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">Long-term holders have offloaded 728,000 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> in the past 30 days. This marks the highest sell-off since April. <a href="https://t.co/oWqqgIUeSR">pic.twitter.com/oWqqgIUeSR</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1861467958851289158?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Over $364 million in long positions were liquidated in the past 24 hours, out of a total of $477 million. Bitcoin's Open Interest also declined by over 5% in the last 24 hours.&nbsp;
That said, the number of Binance traders going long on Bitcoin still heavily outpaced those betting against the asset, <a href="https://www.coinglass.com/LongShortRatio">according </a>to the Long/Shorts Ratio indicator.
Additionally, around $695 million in leveraged shorts risked liquidation if the apex cryptocurrency rebounds to $98,000.
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>Algorand (ALGO)</td>
<td>+13.71%</td>
<td>$0.3031</td>
</tr>
<tr>
<td>Fantom (FTM)</td>
<td>+7.27%</td>
<td>$1.08</td>
</tr>
<tr>
<td>Injective (INJ)</td>
<td>+7.09%</td>
<td>$29.61</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.18 trillion, following a contraction of 2.29% in the last 24 hours.
Stocks climbed to new records Tuesday. The Dow Jones Industrial Average rose 123.74 points, or 0.28%, to close at 44,860.31, while the S&amp;P 500 gained 0.57% to end at 6,021.63. Both the broad-based indexes closed at record highs. Tech-focused Nasdaq Composite added 0.63% higher to close at 19,175.58.
Investors parsed the minutes from the Federal Reserve meeting, which <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42198763/fed-minutes-reveal-confidence-in-inflation-reduction-yet-flag-divergent-views-on-interest-rate-path-ahead">revealed </a>a consensus among policymakers that inflation was gradually reducing.
Market participants raised the odds of a 25 basis-point cut in next month's FOMC meeting to 57.7%, up from 52.3% a day earlier, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
The personal consumption expenditure (PCE) data, considered the Fed's preferred inflation gauge, is slated to be released Wednesday.
.See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: In a note shared with Benzinga, Haider Rafique, Global Chief Marketing Officer at cryptocurrency exchange OKX, commented on why Bitcoin was fumbling around the $100,000 mark.
&#8220;There&#8217;s definitely profit-taking at these levels. The average holding price is around $30,000, representing a two to three-times upside for investors. So, there&#8217;s significant sell pressure, but we also see equal buyback pressure," Rafique stated.
He added, "Many people have had $100,000 as a price target for liquidation. We&#8217;re seeing institutions like MicroStrategy buying and holding significant supply, which naturally reduces available liquidity on exchanges and creates upward momentum."&nbsp;
Widely-followed cryptocurrency analyst Ali Martinez spotted a ‘buy signal' from the TD Sequential indicator on Bitcoin's hourly chart.
Additionally, with the Relative Strength Index (RSI) forming a higher low, a bullish divergence was witnessed, potentially helping Bitcoin to rebound to $95,000-$96,000.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential presents a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hourly chart, while a bullish divergence forms against the RSI, which could help <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> rebound to $95,000 &#8211; $96,000! Join me in this trade by signing up to <a href="https://twitter.com/coinexcom?ref_src=twsrc%5Etfw">@coinexcom</a> using my referral link <a href="https://t.co/73n8mW9Y5p">https://t.co/73n8mW9Y5p</a>. <a href="https://t.co/lKozxI8JVP">pic.twitter.com/lKozxI8JVP</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1861400256463737199?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">Trump-Linked Crypto Platform World Liberty Financial Appoints Justin Sun As Advisor After $30 Million Investment</a></li>
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$DOGE

Bitcoin, Ethereum, Dogecoin Tumble As 'Diamond Hands' Lock In Gains: Top Analyst Anticipates BTC Rebound

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The trades included the sale of Tesla shares across multiple ETFs, reflecting strategic adjustments in Ark&#8217;s portfolio.
The Tesla Trade
Ark Invest&#8217;s decision to sell Tesla shares on Tuesday was a continuation of its recent trading strategy. The ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) offloaded 33,837 shares, while the ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) sold 19,474 shares. With Tesla&#8217;s closing price at $338.23, these sales amounted to approximately $18.03 million. 
This move follows a series of trades where Ark has been recalibrating its holdings, including significant transactions involving Tesla earlier in the week. <a href="https://www.benzinga.com/24/11/42180029/ark-invest-shakes-up-portfolio-with-big-tesla-and-amazon-trades">Recent adjustments</a> came amid potential impacts from California&#8217;s consumer rebates proposal affecting Tesla&#8217;s eligibility.
Despite the sale, Cathie Wood has previously expressed a bullish outlook on Tesla&#8217;s future, particularly in the autonomous vehicle sector. She <a href="https://www.benzinga.com/markets/equities/24/10/41200165/cathie-wood-predicts-trillion-dollar-revenue-opportunity-for-tesla-in-autonomous-vehicles-winner">envisions</a> a &#8220;trillion-dollar-plus revenue opportunity&#8221; for Tesla, driven by advancements in autonomous driving technology. Wood&#8217;s confidence in Tesla&#8217;s long-term prospects remains strong, even as Ark Invest strategically reallocates its portfolio. Wood&#8217;s predictions highlight the potential for Tesla to dominate the market with its innovative technologies.
Other Key Trades:
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42159139/microstrategy-shares-rise-in-monday-pre-market-as-michael-saylor-reveals-mstr-generating-500m-daily-amid-bitcoins-surge?itm_source=parsely-api" target="_blank" rel="noopener">MicroStrategy Shares Rise In Monday Pre-Market As Michael Saylor Reveals MSTR Generating $500M Daily Amid</a>
<ul>
<li>Advanced Micro Devices Inc. : Ark Invest purchased 17,521 shares through the ARK Autonomous Technology &amp; Robotics ETF. The transaction was valued at $2.4 million based on AMD stock closing 2.4% lower at $137.22 on Tuesday.</li>
<li>Illumina Inc. : 50,424 shares were acquired by the ARK Innovation ETF .</li>
<li>Pacific Biosciences of California Inc. : Ark Invest bought 48,276 shares via the ARK Innovation ETF and 28,368 shares through ARK Genomic Revolution ETF. </li>
<li>Twist Bioscience Corp : The ARK Innovation ETF added 18,146 shares to its holdings. 3,275 shares were added through ARK Genomic Revolution ETF.</li>
</ul>
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now&#8217;</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>

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Cathie Wood's Latest Tesla Dump: Ark Sells $18M Worth Of Stock

The Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has agreed to pay $43.25 million to settle a gender pay discrimination lawsuit, ending years of legal proceedings.
What Happened: The lawsuit, filed in 2019 by Disney employee LaRonda Rasmussen, alleged that she was paid less than male colleagues in similar roles.
The case expanded as more female employees joined, leading to a California judge granting class certification in December 2023.
Plaintiffs argued that Disney had a company-wide policy before 2018 that resulted in women receiving lower starting salaries than men.
This was partly due to basing pay on prior salaries, which often reflected gender disparities.
A labor economist&#8217;s analysis, cited by the plaintiffs, indicated that from 2015 to 2022, women at Disney earned less than their male counterparts, with a 2.01% female pay penalty.
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details?itm_source=parsely-api">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a>
Disney contested these findings, maintaining their commitment to fair pay. A Disney spokesperson stated, &#8220;We have always been committed to paying our employees fairly and have demonstrated that commitment throughout this case.&#8221;
Christine Webber, representing the plaintiffs, praised the women involved, stating, &#8220;This settlement would not be possible without these courageous women. Because of them, women can expect equitable treatment at Disney in the future.&#8221;
Why It Matters: The settlement comes amid a broader trend of gender pay discrimination lawsuits in major corporations.
Earlier this year in June, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faced <a href="https://www.benzinga.com/24/06/39322674/apple-hit-with-class-action-lawsuit-over-alleged-unequal-pay-for-women">a class-action lawsuit</a> alleging unequal pay for women, highlighting ongoing issues in Silicon Valley.
Similarly, Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) settled a <a href="https://www.benzinga.com/markets/equities/23/05/32280690/goldman-sachs-woes-doesnt-end-women-employees-discrimination-lawsuit-costs-215m">gender discrimination lawsuit</a> for $215 million in May 2023, and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) agreed to a <a href="https://www.benzinga.com/news/22/06/27660579/google-agrees-to-pay-118m-to-settle-gender-discrimination-lawsuit">$118 million settlement</a> in June 2022.
Earlier this month, Disney reported strong financial performance, with a 6% revenue growth in <a href="https://www.benzinga.com/24/11/41971559/disneys-q4-boosted-by-streaming-gains-strong-box-office-and-solid-parks-performance">the fourth quarter of 2024</a>.
Price Action: Disney&#8217;s stock declined 0.47% on Tuesday, closing at $115.45, followed by a 0.11% drop in after-hours trading. Year-to-date, Disney shares have risen 27.27%, slightly outperforming the Nasdaq 100 index, which is up 26.47%, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro data</a>.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/11/42154107/consumer-tech-news-nov-18-nov-22-us-doj-demands-google-to-divest-chrome-browser-gemini-ai-available-on-apple-more?itm_source=parsely-api">Consumer Tech News (Nov 18-Nov 22): US DOJ Demands Google To Divest Chrome Browser, Gemini AI Available On Apple &amp; More</a></li>
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Disclaimer: 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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Disney Reaches $43M Settlement In Gender Pay Discrimination Lawsuit: 'Women Can Expect Equitable Treatment' Moving Forward

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