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Arcwest Exp (OTC:SJRNF) Stock, Option Chain

Arcwest Exploration Inc is a Canada-based company engaged in the mineral exploration business. The company's properties consist of Todd Creek Property, Oweegee Property, Oxide Peak, Eagle, Rip, Sparrowhawk Property, Northern Vancouver Island property, Teeta Creek Property, and others.

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ANDR

Adtalem Global Education Inc. Common Stock

ATGE

ATRX

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CSRH

CTIB

CYAD

CYIG

DXLG

ELGX

FRLI

FRNKF

FSDDF

FTDCQ

GBHPF

GEBHY

HHPHF

HLIX

HLSPY

HOPS

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HSKA

HTGM

ILIAF

IVITF

JBZY

JUGGERNAUT EXPL LTD by Juggernaut Expl. Ltd.

JUGRF

KRTX

LPTC

MCPH

MARICANN GROUP INC ORD by Maricann Group Inc

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SEEK

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TWOH

UVFT

VAPNF

VISIUM TECHNOLOGIES INC by Visium Technologies, Inc.

VISM

VET ONLINE SUPPLY INC by Vet Online Supply Inc

VTNL

WNMLA

ZZHGF

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SCWTF

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Stocks That Hit 52-Week Lows On Thursday

ABEO

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AGHI

ALKS

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ASMB

ASNA

Alterity Therapeutics Limited - American Depositary Shares

ATHE

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AXAS

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CESDF

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CHKDG

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CLUB

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CNKEF

COIHF

CORV

China Shenhua Energy Unsponsored representing A shares

CSUAY

CTRA

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Changyou Limited American Depositary Share

CYOU

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DKGH

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DMIFF

DNJR

DPDW

DPGYF

DVAX

ETRN

EVAHF

EXPR

FCUUF

FELP

FNJN

FOMX

FPLSF

FRAC

FURGF

FVANF

GARB

GNFT

GPOR

GTHR

Stocks That Managed to Breach 52-Week Lows Friday

Arcwest Exploration Inc

President-elect Donald Trump has addressed speculation about Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8217;s growing political influence.
What Happened: On Sunday, speaking at Turning Point USA&#8217;s AmericaFest conference, Trump dismissed suggestions that he had &#8220;ceded the presidency&#8221; to Musk, pointing to the Constitution&#8217;s natural-born citizen requirement, <a href="https://www.nbcnews.com/politics/donald-trump/trump-addresses-elon-musks-growing-political-influence-not-going-presi-rcna185038">reported</a> NBC.
&#8220;No, he&#8217;s not going to be president, that I can tell you,&#8221; Trump stated. &#8220;And I&#8217;m safe. You know why? He can&#8217;t be. He wasn&#8217;t born in this country.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/global/24/12/42559347/trump-administration-could-ban-amazons-top-selling-routers-linked-to-chinese-cyberattacks-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Administration Could Ban Amazon's Top-Selling Routers Linked To Chinese Cyberattacks: Report</a>
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<iframe loading="lazy" title="WATCH: Trump speaks at first major rally since election at Turning Point USA event in Phoenix" width="500" height="281" src="https://www.youtube.com/embed/rDy09uP8IU8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: Earlier this week, Trump and Musk <a href="https://www.benzinga.com/general/social-media/24/12/42566558/house-republicans-reject-spending-bill-under-pressure-from-trump-musk-government-faces-shutdown">played a key role in derailing</a> Republican House Speaker Mike Johnson's (R-La.) proposed emergency spending measure, forcing lawmakers to scramble for a last-minute alternative to avoid a government shutdown.
Democrats have jokingly dubbed Musk &#8220;President Musk&#8221; due to his growing political influence. <a href="https://www.benzinga.com/news/24/09/40969728/elon-musk-boosts-house-republicans-with-record-289-100-donation">Musk had spent</a> more than $250 million on Trump's campaign, <a href="https://www.nbcnews.com/politics/donald-trump/trump-addresses-elon-musks-growing-political-influence-not-going-presi-rcna185038">noted</a> NBC.
A separate NBC <a href="https://www.nbcnews.com/tech/tech-news/elon-musk-meeting-foreign-leaders-trump-conflict-putin-china-rcna184846">report</a> indicated that the Tesla CEO&#8217;s increasing presence in political circles has raised concerns among national security experts about potential conflicts of interest, given his extensive business dealings with foreign governments.
His companies maintain significant government contracts, with SpaceX providing critical services to NASA and the Pentagon.
Tesla&#8217;s substantial manufacturing presence in China, where the company operates its Gigafactory Shanghai facility, has also drawn particular scrutiny.
The company currently dominates the U.S. electric vehicle <a href="https://www.benzinga.com/24/12/42637260/elon-musk-accused-of-bullying-republicans-to-scrap-us-china-investment-safeguards-to-protect-teslas-interests">market with nearly 50% market share</a>.
Sen. Ben Cardin (D-Md.), outgoing chairman of the Senate Foreign Relations Committee, expressed concern about Musk&#8217;s dual roles.
&#8220;I think he has incredible conflicts,&#8221; Cardin told the publication. &#8220;His association with the president-elect has already profited him as far as his personal assets are concerned.&#8221;
Price Action: Tesla&#8217;s stock dropped 3.46% on Friday, closing at $421.06, but rose 0.53% in after-hours trading. Year-to-date, the EV giant&#8217;s shares are up 69.5%. The latest ratings from Baird, Mizuho, and Goldman Sachs set an average price target of $446.67, indicating a potential upside of 5.53%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/22215140/Screenshot-2024-12-23-at-8.21.30%E2%80%AFAM-1024x374.png" alt="" class="wp-image-703186" /></a></figure>
Images via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42627985/which-magnificent-7-stock-will-gain-the-most-in-a-santa-claus-rally-28-select">Which Magnificent 7 Stock Will Do Best In Santa Claus Rally? Tesla Edged Out As 28% Select…</a></li>
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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.

Government

Politics

TSLA

Trump Fires Back At Critics, Denies Ceding Presidency To Elon Musk: 'I'm Safe ... He Wasn't Born In This Country'

A cheeky remark by influential economist Peter Schiff spawned a new cryptocurrency on Sunday that already has millions added to its capitalization.
What happened: The creators of the cryptocurrency USAcoin (USACOIN) were inspired by Schiff, who advised the U.S. government to consider the possibility of a strategic USAcoin reserve rather than a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve.
As of this writing, the coin has a market valuation of roughly $2.80 million, with over $7 million in trading volume in the last 24 hours, <a href="https://coinmarketcap.com/currencies/usacoin-ethereum/">according</a> to CoinMarketCap.
Reacting to the new coin, Schiff clarified that he doesn&#8217;t endorse it. &#8220;My post was sarcastic—don&#8217;t buy it,&#8221; the staunch Bitcoin critic said. However, he stood by the idea behind proposing such a cryptocurrency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Someone actually created a <a href="https://twitter.com/hashtag/USAcoin?src=hash&amp;ref_src=twsrc%5Etfw">#USAcoin</a>. My post was sarcastic—don&#39;t buy it. However, my point was that if the U.S. government created such a token and committed to building a strategic USAcoin reserve, it would make more sense than stockpiling <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. That part wasn&#39;t a joke.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1870817719924449707?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
On Saturday, Schiff mooted the idea of a new government-backed cryptocurrency with a supply limit of 21 million, similar to Bitcoin, but one that has value and can be utilized for payments.
No prizes for guessing the new USAcoin also shows a supply cap of 21 million but was yet to be validated.
<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">Instead of creating a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> strategic reserve, the U.S. could save a lot of money by creating <a href="https://twitter.com/hashtag/USAcoin?src=hash&amp;ref_src=twsrc%5Etfw">#USAcoin</a>. Just like Bitcoin, the supply can be capped at 21 million, but with an upgraded blockchain to make USAcoin actually viable for use in payments. This way we can all get rich.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1870455362127589496?ref_src=twsrc%5Etfw">December 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:<a href="https://www.benzinga.com/24/12/42519107/if-you-invested-1000-in-bitcoin-when-the-first-bitcoin-etf-was-filed-heres-how-much-youd-have-today"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42560698/microstrategys-aggressive-bitcoin-strategy-raises-eyebrows-in-crypto-community">MicroStrategy&#8217;s Aggressive Bitcoin Strategy Raises Eyebrows In Crypto Community</a>
Why It Matters: Schiff has <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42245202/peter-schiff-bitcoin-reserve-is-the-worst-monetary-mistake-us-could-make">blasted the idea</a> of a strategic Bitcoin reserve, going to the extent of calling it &#8220;treason" and the "worst monetary mistake" the U.S. could make. He argued that Bitcoin is not a viable reserve asset due to its market volatility.
A gold advocate, Schiff strongly opposes Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40818582/gold-bull-peter-schiff-claims-bitcoin-lacks-intrinsic-value-and-is-destined-to-fail">stating that it has no fundamental value</a> and was destined to fail.
While Schiff <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41891221/peter-schiff-says-he-would-have-loaded-up-on-bitcoin-had-he-known-that-the-btc-bubble-would-get-this-big" target="_blank" rel="noreferrer noopener">admitted to regretting</a> not buying Bitcoin when it was around $1, he emphasized that this doesn't mean he would buy it now.
Price Action: At the time of writing, Bitcoin was exchanging hands at $93,808.60, down 3.16% 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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42545656/bitcoin-is-no-manhattan-real-estate-peter-schiff-challenges-microstrategys-micheal-saylor-btc-doesnt-generate-any-income">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy&#8217;s Michael Saylor: &#8216;BTC Doesn&#8217;t Generate Any Income&#8217;</a></li>
</ul>

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

Cryptocurrency

$BTC

Peter Schiff's 'Sarcastic' Post Spurs Birth Of Supposed Bitcoin Alternative USAcoin With Millions In Marketcap, Economist Warns 'Don't Buy It'

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Anduril Industries, a defense technology company are spearheading a new consortium of technology companies to compete for U.S. Department of Defense contracts, challenging traditional defense contractors&#8217; dominance over the <a href="https://www.benzinga.com/markets/equities/24/12/42615531/pltr-stock-up-over-80-in-the-past-two-months-trades-nearly-5-lower-in-friday-premarket-after-ubs-says-valuationis-simply-tough-to-get-over">$850 billion defense budget</a>.
What Happened: The group, expected to announce formal agreements in January, is in discussions with Elon Musk&#8216;s SpaceX, OpenAI, Saronic, and Scale AI, <a href="https://www.ft.com/content/6cfdfe2b-6872-4963-bde8-dc6c43be5093">reported</a> the Financial Times on Sunday, citing people with knowledge of the matter.
This initiative comes as Palantir&#8217;s market capitalization has surged to $169 billion, surpassing traditional defense contractor Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>). Palantir&#8217;s stock has risen over 300% in the past year, though it recently faced headwinds after UBS initiated coverage with a neutral rating, <a href="https://www.benzinga.com/markets/equities/24/12/42615531/pltr-stock-up-over-80-in-the-past-two-months-trades-nearly-5-lower-in-friday-premarket-after-ubs-says-valuationis-simply-tough-to-get-over">citing valuation concerns</a>.
The consortium aims to modernize defense procurement by offering smaller, autonomous weapons systems and AI-powered solutions. Recent collaborations already show promise, with Palantir&#8217;s AI Platform being integrated with Anduril&#8217;s Lattice autonomous software for national security applications.
Palantir and Anduril did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/general/social-media/24/12/42639068/linkedin-cofounder-reid-hoffman-says-musks-baseless-jeffrey-epstein-claims-forced-him-to-hire-security-elons-defamation-makes-me-angry">LinkedIn Cofounder Reid Hoffman Says Musk&#8217;s Baseless Jeffrey Epstein Claims Forced Him To Hire Security: &#8216;Elon&#8217;s Defamation Makes Me Angry&#8217;</a>
Why It Matters: The timing aligns with increased defense spending driven by conflicts in Ukraine and the Middle East, plus rising U.S.-China tensions. Palantir recently secured a $400.7 million contract extension with the U.S. Army, which could potentially reach $618.9 million over four years.
Traditional defense procurement has faced criticism for <a href="https://www.benzinga.com/news/24/12/42525698/as-elon-musk-takes-on-lockheed-martin-made-f-35s-experts-question-feasibility-of-replacing-manned-fighter-jets-with-drones">favoring established contractors</a> like Raytheon Technologies Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), often resulting in costly, time-consuming projects. This new tech consortium aims to provide more efficient, cutting-edge solutions to meet modern military challenges.
Palantir stock closed at $80.55 on Friday, up 8.54% for the day, and rose 0.19% in after-hours trading. Year to date, the stock has surged 385%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
The <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">consensus price target</a> is $35.58, with the highest target of $80, and the lowest of $7.50. Recent ratings from UBS, Mizuho, and Baird average $64.67, implying a 19.87% downside.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/22210140/Screenshot-2024-12-23-at-7.30.06%E2%80%AFAM-1024x377.png" alt="" class="wp-image-703159" style="width:715px;height:auto" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/tech/24/12/42635813/google-announces-major-layoffs-as-pichai-stresses-efficiency">Google Announces Major Layoffs As Pichai Stresses Efficiency</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

PLTR

Palantir And Anduril Reportedly Lead Consortium, Partner With SpaceX And OpenAI To Compete Against Traditional Defense Contractors In $850 Billion US Military Market

Leading cryptocurrencies traded in the red on Sunday as risk aversion intensified ahead of the holidays.
<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>-2.03%</td>
<td>$94,810.09</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>-1.76%</td>
<td>$3,283.41</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>-1.07%</td>
<td>$0.3124</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin went downhill after being faced with strong resistance from the bears at $97,000. The apex cryptocurrency was down nearly 11% over the week and 2.15% since December began.
Ethereum's move above $3,600 was short-lived as the second-largest cryptocurrency reversed course, falling to an intraday low of $3,220.&nbsp;
Both the blue-chip cryptocurrencies witnessed thin trading volume in the last 24 hours.&nbsp;
Over $276 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $204 million.&nbsp;
Around $635 million in short positions risked liquidation if Bitcoin rebounds to $100,000.
Bitcoin's Open Interest dropped 1.46% in the last 24 hours. However, the percentage of trader accounts on Binance placing long positions on the coin surged to 60%.&nbsp;
The market remained engulfed in the "Greed" sentiment, according to the Cryptocurrency Fear &amp; Greed Index.
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>BitTorrent [New] (BTT)</td>
<td>+8.26%</td>
<td>$0.000001154</td>
</tr>
<tr>
<td>Aave (AAVE)</td>
<td>+7.23%</td>
<td>$320.23</td>
</tr>
<tr>
<td>FTX Token (FTT)</td>
<td>+7.12%</td>
<td>$2.99</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.27 trillion, following a contraction of 1.53% in the last 24 hours.
Stock futures edged higher Sunday evening. The Dow Jones Industrial Average Futures rose 86 points, or 0.20%, as of 7:45 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.22%, while Nasdaq 100 Futures lifted 0.27%.
Stocks are coming off a slump that saw blue-chip averages record their biggest losing spree in years.
The Dow Jones Industrial Average fell 2.33% last week, witnessing a 10-day losing streak, the worst since 1974. The S&amp;P 500 also lost 2.30% last week, precipitated by the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42563299/feds-powell-shocks-markets-its-a-new-phase-were-significantly-closer-to-neutral">Federal Reserve's hawkish outlook</a> for 2025.
Markets will be shut on Christmas Day..
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez flagged a buy signal for Bitcoin based on the reading of the TD Sequential indicator.
For the curious, the TD Sequential indicator is a technical analysis tool that helps traders identify potential price reversals and exhaustion patterns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential presents a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> 4-hour chart, anticipating a price rebound! <a href="https://t.co/acDIusZCkW">pic.twitter.com/acDIusZCkW</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1870929469105709406?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Furthermore, analysis of the Mayer Multiple indicator hinted that the leading cryptocurrency would hit a market top above $168,500.
Mayer Multiple is an oscillator calculated as the ratio between Bitcoin's price, and the 200-day moving average.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will hit a market top above $168,500, based on the Mayer Multiple. <a href="https://t.co/uvgG4mZHA8">pic.twitter.com/uvgG4mZHA8</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1870982149916278859?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely-followed cryptocurrency analyst Karan Singh Arora urged his followers not to open new longs, adding that if Bitcoin fails to close above $99,000, it may fall lower.
"We need to regain at least $95800 or else we are going for $91,945 &#8211; $90,500 zone," Arora remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> HAS BROKEN THE STRUCTURE DOWNSIDE &#x1f6a8; Dont open new longs right now &#x203c;&#xFE0F; I gave this warning yesterday, that if we don&#39;t hold Closing above $99000, we will go lower &#x26a0;&#xFE0F; We need to regain at least 95800 or else we are going for $91945 &#8211; $90500 zone &#x2705; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/Kw9HDovCcF">pic.twitter.com/Kw9HDovCcF</a>
&mdash; Karan Singh Arora (@thisisksa) <a href="https://twitter.com/thisisksa/status/1870960913743847437?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Bitcoin, Ethereum, Dogecoin Lose Sheen Ahead Of Holidays But Top Analyst Points To This Indicator, Says BTC Will Hit A Top Above $168K

President-elect Donald Trump has appointed Sriram Krishnan, former general partner at Andreessen Horowitz, as senior policy advisor for AI.
What Happened: In a statement on Sunday, Trump said that Krishnan will serve in the White House Office of Science and Technology Policy, working closely with David Sacks, recently named Trump's &#8220;AI and crypto czar.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am pleased to announce the brilliant Team that will be working in conjunction with our White House A.I. &amp; Crypto Czar, David O. Sacks. Together, we will unleash scientific breakthroughs, ensure America&#39;s technological dominance, and usher in a Golden Age of American Innovation!…
&mdash; Trump Posts on &#120143; (@trump_repost) <a href="https://twitter.com/trump_repost/status/1870949048750104795?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/24/12/42568204/nvidia-and-apple-team-up-to-supercharge-llms-with-redrafter-technique?itm_source=parsely-api">Nvidia, Apple Team Up To Supercharge ChatGPT-Like LLMs With ReDrafter Technique</a>
Krishnan expressed his gratitude for the appointment, calling it an honor to contribute to American leadership in AI.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1fa;&#x1f1f8; I&#39;m honored to be able to serve our country and ensure continued American leadership in AI working closely with <a href="https://twitter.com/DavidSacks?ref_src=twsrc%5Etfw">@DavidSacks</a>. Thank you <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> for this opportunity. <a href="https://t.co/kw1n0IKK2a">pic.twitter.com/kw1n0IKK2a</a>
&mdash; Sriram Krishnan (@sriramk) <a href="https://twitter.com/sriramk/status/1870955225978384509?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
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Why It Matters: Krishnan, a tech entrepreneur and venture capitalist, has a storied career leading product teams at <a href="https://www.benzinga.com/news/22/12/30132350/who-could-be-the-next-twitter-ceo-after-elon-musk-a-look-at-7-potential-candidates">major companies</a> like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Twitter, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>).
He also has a close relationship with Elon Musk, who co-leads the Department of Government Efficiency under Trump.
Previously, Krishnan has advocated for a more innovative, technology-driven approach to resolving conflicts between large internet platforms and AI-powered models like OpenAI&#8217;s ChatGPT.
Following Trump's announcement, venture capital powerhouse Marc Andreessen took to X, formerly Twitter, and called Krishnan's appointment a "1,000x upgrade for the U.S. government," for positioning itself as a global AI policy leader.
Musk agreed with Andreessen's sentiments.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1870966548539768937?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
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Image via Shutterstock
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<li><a href="https://www.benzinga.com/24/12/42609769/elon-musk-is-a-legendary-entrepreneur-but-also-a-bully-says-openai-ceo-sam-altman-now-its-me-its-been-bezos-gates-zuckerberg-lots-of-other-people">Elon Musk A Legendary Entrepreneur But Also A Bully, Says OpenAI CEO Sam Altman: &#8216;Now It&#8217;s Me, It&#8217;s Been Bezos, Gates, Zuckerberg, Lots Of Other People&#8217;</a></li>
</ul>

Tech

MSFT

SNAP

Trump Taps Sriram Krishnan As Senior AI Advisor — Elon Musk Agrees New David Sacks Underling 'Right Man For The Topic And The Time'

Panama&#8217;s President José Raúl Mulino strongly rejected President-elect Donald Trump&#8216;s suggestion to return the Panama Canal to U.S. control, highlighting potential tensions that could affect maritime trade through the critical waterway.
What Happened: &#8220;Every square meter of the Panama Canal and its adjacent zone belongs to Panama, and will continue to do so,&#8221; Mulino said in a video statement on Sunday. 
His response came after Trump told supporters at Turning Point&#8217;s &#8220;American Fest&#8221; that he would demand the canal&#8217;s return to U.S. control, citing concerns over fees and fair treatment, <a href="https://thehill.com/policy/international/5053110-president-of-panama-fires-back-at-trump-canal-belongs-to-panama/">reported</a> The Hill.
"It was given to Panama and to the people of Panama, but it has provisions. You got to treat us fairly and they haven't treated us fairly," Trump said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1f5;&#x1f1e6; Mensaje del Presidente José Raúl Mulino &#x1f1f5;&#x1f1e6; <a href="https://t.co/DMXU8qAuNT">pic.twitter.com/DMXU8qAuNT</a>
&mdash; José Raúl Mulino (@JoseRaulMulino) <a href="https://twitter.com/JoseRaulMulino/status/1870937535578333496?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
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The Panama Canal, transferred to Panamanian control in 1999, serves as a crucial maritime route connecting the Atlantic and Pacific oceans. The waterway handles <a href="https://www.benzinga.com/news/19/07/14072752/commentary-expansion-of-the-panama-canal-benefits-global-trade">approximately 12,000 vessel transits</a> annually and is particularly vital for U.S. East Coast ports, which have seen stronger cargo growth since the canal&#8217;s 2016 expansion.
Mulino defended the canal&#8217;s fee structure, explaining that rates &#8220;are established publicly and in an open hearing, taking into account market conditions, international competition, operating costs, and maintenance needs.&#8221; 
See Also: <a href="https://www.benzinga.com/24/12/42639340/bernie-sanders-is-all-for-canada-becoming-the-51st-state-if-the-u-s-will-also-adopt-universal-healthcare">Bernie Sanders Is &#8216;All For&#8217; Canada Becoming The 51st State If The U.S. Will Also Adopt Universal Healthcare</a>
Why It Matters: The canal&#8217;s significance to U.S. trade is substantial. According to <a href="https://www.benzinga.com/partner/cryptocurrency/24/12/42507134/hive-digital-technologies-nasdaq-hive-experiences-monumental-month-amid-tech-tailwinds-tri">FreightWaves data</a>, shipping costs from Asia to U.S. East Coast ports via the canal are approximately $1,400 higher per standard forty-foot container compared to West Coast routes, reflecting the waterway&#8217;s strategic importance in global trade.
Recent challenges include climate-related issues, with the Panama Canal Authority implementing additional fees due to historically low water levels. In 2019, total rainfall dropped 20%, affecting the Gatun and Madden Lakes that <a href="https://www.benzinga.com/partner/cryptocurrency/24/12/42507134/hive-digital-technologies-nasdaq-hive-experiences-monumental-month-amid-tech-tailwinds-tri">supply the canal</a>.
Despite the diplomatic tension, Mulino expressed hope for maintaining strong bilateral relations with the incoming Trump administration, particularly on security issues like illegal migration and drug trafficking. However, he emphasized that Panama&#8217;s sovereignty over the canal is &#8220;not negotiable.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/12/42638957/warren-buffetts-timeless-advice-if-youre-gonna-do-dumb-things-because-your-stock-goes-down-you-shouldnt-own-a-stock-at-all">Warren Buffett&#8217;s Timeless Advice: &#8216;If You&#8217;re Gonna Do Dumb Things Because Your Stock Goes Down, You Shouldn&#8217;t Own A Stock At All&#8217;</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

Trump's Call To Reclaim Panama Canal Sparks Backlash: 'Every Square Meter Belongs To Panama,' Says President Mulino

Sen. <a href="https://www.benzinga.com/personal-finance/24/12/42494409/bernie-sanders-proposes-taxing-income-over-1-billion-at-100-and-urges-its-time-to-make-greedy-billionaires-pay-their-fair-share">Bernie Sanders</a> has sparked conversation on social media with a post tying universal health care to an idea floated by President-elect <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">Donald Trump</a>. According to The Associated Press (AP), at a dinner with Canadian Prime Minister Justin Trudeau in November, Trump jokingly suggested that Canada become the 51st state of the United States of America.&nbsp;
In Sanders' post on X, he wrote: "Trump has suggested that Canada become the 51st state in our union. Does that mean we can adopt the Canadian health care system and guarantee health care to all, lower the cost of prescription drugs and spend 50% less per capita on health care? I&#8217;m all for it."
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Sanders, a longtime proponent of universal health care, has drawn attention to Canada's single-payer health care model. According to the Canadian Institute for Health Information (CIHI), in 2020, Canada&#8217;s per capita spending on health care was CA$7,507 (USD$5,220), less than half the United States per capita spending of CA$15,275 (USD$10,622). Sanders has frequently criticized the <a href="https://www.benzinga.com/personal-finance/24/12/42491306/is-u-s-health-insurance-failing-the-sickest-and-poorest-new-study-reveals-49-million-americans-lack-proper-health-coverage">U.S. health care system</a> for its high costs and gaps in access.
Trump's comment about Canada becoming the 51st state was made during a meeting with Trudeau at Mar-a-Lago in November. The meeting, which followed Trump&#8217;s threats to impose a 25% tariff on Canadian goods, came at Trudeau's request. According to AP, the meeting was overall positive and covered subjects including trade, border security, fentanyl, defense, Ukraine, NATO, China and pipelines.&nbsp;
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
The notion of Canada becoming a U.S. state has been explored, typically as a thought experiment. Constitutional experts cited by the National Post highlighted the significant political, legal and cultural hurdles such a transition would face. Both nations must agree to monumental changes, including constitutional amendments in the U.S. and Canada relinquishing its sovereignty.
AP also pointed out that Canada is a vital economic partner to the U.S., with 77% of its exports going to American markets. Canada also supplies critical resources, such as energy and minerals, to the U.S., which would make any trade disruption mutually damaging.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
While Trump's statehood comment may not have been serious, Sanders' response has reignited debates over health care in the U.S. Many Americans consider Canada's system a model for reducing costs and improving access. However, opponents argue that implementing such a system in the U.S. would be complicated and expensive.
Though the concept of Canada becoming the 51st state remains speculative at best, it has provided a platform for renewed discussion on trade, immigration and health care<a href="https://www.benzinga.com/government/regulations/24/11/41866438/donald-trumps-second-term-could-reshape-us-healthcare-system-with-major-impacts-on-affordable-care-act-and-medicare"> policy</a>. Whether prompted by Sanders&#8217; advocacy for universal health care or Trump's tariff threats, the conversation underscores the interconnectedness of U.S.-Canada relations.
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Bernie Sanders Is 'All For' Canada Becoming The 51st State If The U.S. Will Also Adopt Universal Healthcare

News Corporation ("News Corp" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA: ASX: NWS, NWSLV)) announced today that it has entered into a definitive agreement for the sale of Foxtel Group ("Foxtel") to DAZN Group Limited ("DAZN"), a premier global sports streaming platform.
Under the terms of the agreement, shareholder loans in the amount of A$578 million outstanding and owing to News Corp will be repaid in full in cash at closing. Foxtel's current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN of approximately 6% as well as one seat on its Board of Directors. Telstra Group Ltd ("Telstra") will also sell its minority interest in Foxtel, have its shareholder loans of A$128 million repaid, and take a minority stake in DAZN of approximately 3%. The proposed transaction values Foxtel at an enterprise value of A$3.4 billion, representing more than 7x fiscal 2024 Foxtel EBITDA.

Asset Sales

NWSA

News Corp Announced Agreement To Sell Foxtel To DAZN For Enterprise Value Of A$3.4B

Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) ("FF", "Faraday Future", or "Company"), a California-based technology company specializing in artificial intelligence electric vehicles (AIEV), announced that it has secured approximately $30 million in cash financing commitments. The funds will be used to accelerate the Company's growth and the development of Faraday X (FX), FF's strategy of launching affordable high performance AIEV equipped vehicles with cutting edge technology, filling the U.S. market gap in this segment, and for general corporate purposes.
The $30 million financing commitment includes a pre-funded $7.5 million, which was received in the fourth quarter of this year, and $22.5 million in new cash commitments (the "Financing"), structured in the form of unsecured convertible notes ("Convertible Notes") and warrants to acquire additional shares of the Company's common stock ("Warrants"). The conversion price for the Convertible Notes and exercise price for the Warrants are $1.16 and $1.392 per share, respectively, subject to adjustment as set forth therein. The shares of common stock underlying the Convertible Notes and Warrants issued in the Financing are currently unregistered, subject to trading restrictions, and not immediately tradable. The Financing is subject to customary closing conditions. For additional information regarding the material terms relating to the Financing, please see the Company's Form 8-K to be filed with the SEC on December 23, 2024.

Financing

FFIE

Faraday Future Secured $30M In Cash Financing Commitments For AI Electric Vehicle Development

Reid Hoffman, LinkedIn co-founder and major Democratic donor, has revealed he has faced violent threats and had to hire security following accusations fueled by Elon Musk. 
What Happened: The claims, made by Musk on social media platform X and during interviews, allege a connection between Hoffman and Jeffrey Epstein, the late convicted sex offender.
Hoffman <a href="https://www.thetimes.com/business-money/companies/article/linkedin-founder-reid-hoffman-ive-had-threats-of-violence-since-musk-slanders-nfclq2s0r">told</a> The Sunday Times that Musk&#8217;s comments stemmed from &#8220;convictions with no evidence.&#8221; Musk, the CEO of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), replied with the &#8220;100&#8221; emoji to an X post suggesting Hoffman had visited Epstein's private island.
Musk also implied during an interview with Tucker Carlson that Hoffman was one of the "billionaires behind Kamala" Harris, fearful of Epstein's client list being released.
"Elon's defamation makes me angry and sad," Hoffman said. "Angry because it is an ugly assault. Sad because it comes from someone whose entrepreneurial achievements I continue to admire." Hoffman declined to share details of the threats but confirmed he had hired security in response.
Also Read: <a href="https://www.benzinga.com/general/entertainment/22/06/27557540/musk-says-he-wants-to-see-epstein-maxwell-client-list-twitterati-cant-stop-trolling-him-3">Musk Asks Why Epstein-Maxwell Client List Hasn&#8217;t Leaked, Responds To Twitter User Who Suggested He Was A Client Himself</a>
Hoffman admitted to a past interaction with Epstein, apologizing in 2019 for inviting him to a 2015 dinner party with tech luminaries, including Musk, Mark Zuckerberg, and Peter Thiel. At the time, Hoffman said he relied on assurances from MIT Media Lab that Epstein's involvement in fundraising had been vetted. 
He later expressed regret, writing to Axios, "By agreeing to participate in any fundraising activity where Epstein was present, I helped to repair his reputation and perpetuate injustice. For this, I am deeply regretful."
Hoffman has denied attending any Epstein-related events, stating, "I went to no Epstein parties. I didn't even know who he was."
The controversy emerges as Musk strengthens ties with President elect Donald Trump, co-chairing DOGE alongside entrepreneur Vivek Ramaswamy. 
Hoffman, a vocal supporter of Vice President Kamala Harris, has used X to oppose Trump's political campaigns, describing them as a "scam."
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

LinkedIn Cofounder Reid Hoffman Says Musk's Baseless Jeffrey Epstein Claims Forced Him To Hire Security: 'Elon's Defamation Makes Me Angry'

Chechen warlord Ramzan Kadyrov has accused Elon Musk of remotely disabling his Tesla Cybertruck, which Kadyrov claimed was a gift from Musk. The Chechen leader made the allegations in a Telegram post, criticizing <a href="https://www.benzinga.com/news/24/08/40504595/military-expert-calls-russian-president-allys-tesla-cybertruck-super-cool-but-useless-combat-vehicle">Musk's actions as "unmanly."</a>
What Happened: Kadyrov, who has governed Chechnya since 2007, claimed the modified Cybertruck, equipped with a machine gun, was intended for use in the war against Ukraine. "Elon Musk behaved badly. He gives expensive gifts from the heart, and then turns them off remotely," Kadyrov <a href="https://t.me/RKadyrov_95/5103">wrote</a>. He also noted in the post that he had to tow the vehicle after it was disabled. 
While Kadyrov asserted that Musk had personally gifted him the Cybertruck, Musk has categorically denied the claim. The mystery surrounding how Kadyrov obtained the vehicle is heightened by the fact that US sanctions prohibit direct export of the Cybertruck to Chechnya. 
Earlier in August, Kadyrov had publicly showcased the vehicle,<a href="https://www.benzinga.com/news/24/08/40432032/putin-ally-unveils-tesla-cybertruck-with-machine-gun-invites-musk-to-russia"> calling it a "Cyberbeast" and praising its technology</a>.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/02/37195508/putin-pal-elon-musk-fires-back-at-critics-accusing-him-of-supporting-russia" target="_blank" rel="noreferrer noopener">Putin Pal? Elon Musk Fires Back At Critics Accusing Him Of Supporting Russia</a>
Experts have voiced skepticism about the utility of the Cybertruck in combat scenarios. Mark Cancian, a senior advisor with the Center for Strategic and International Studies, said the vehicle would be "totally useless" on the battlefield due to its weight and charging requirements. 
Despite Kadyrov's assertions of the truck's combat readiness, analysts doubt its practicality in war zones.
This incident highlights broader concerns regarding Tesla's vehicle security and the potential misuse of its products in conflict areas. 
The ability to remotely disable vehicles could raise questions about the implications for international security and Tesla's reputation as a global brand.
Read Next
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Putin Ally Claims Elon Musk 'Remotely Disabled' His Militarized Cybertruck Armed With Machine Gun: 'He Gives Expensive Gifts From Heart, And Then Turns Them Off'

Jeff Bezos, billionaire founder of Amazon, is reportedly set to marry his fiancée, Lauren Sanchez, next Saturday in a $600 million Winter Wonderland-themed <a href="https://www.benzinga.com/news/24/01/36631415/this-amazon-applicants-interview-answer-earned-her-a-seat-3-feet-away-from-amazons-bezos">wedding in Aspen, Colorado</a>.
What Happened: According to a report, the lavish celebration follows a private engagement dinner at Matsuhisa, a high-end sushi restaurant the couple reportedly bought out for two days ahead of their nuptials.
The extravagant event is expected to feature festive decor, twinkling lights, and holiday charm. The guest list for the star-studded wedding is rumored to include high-profile names like Bill Gates, Leonardo DiCaprio and Queen Rania of Jordan, who joined the couple for their engagement celebrations in Positano, Italy, earlier this year.
As per the report <a href="https://www.dailymail.co.uk/news/article-14217859/Jeff-Bezos-Lauren-Sanchez-wedding-plan-Aspen-date-is.html">by</a> The Daily Mail, Bezos, 60, and Sanchez, 54, became engaged in May 2023 aboard Bezos' mega-yacht. The billionaire proposed with a cushion-cut pink diamond ring estimated to be worth $2.5 million.
While the pair have not publicly confirmed their wedding date, the report signals a high-profile event reflective of their luxurious lifestyle.
Also Read: <a href="https://www.benzinga.com/news/24/12/42380748/heres-how-jeff-bezos-three-simple-steps-made-amazon-a-giant">Here&#8217;s How Jeff Bezos&#8217; Three Simple Steps Made Amazon a Giant</a>
The couple first went public with their relationship in 2019, shortly after Bezos announced his divorce from MacKenzie Scott. 
Sanchez, a former broadcast journalist, shares three children from previous relationships, including two with Hollywood talent mogul Patrick Whitesell and one with former NFL player Tony Gonzalez. Bezos shares three children with his ex-wife Scott.
News of the wedding comes as Amazon workers continue to strike across four states, marking the third consecutive day of demonstrations. 
Employees are protesting workplace conditions, a move that adds an interesting juxtaposition to Bezos' high-profile personal milestone.
Read Next
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Inside Jeff Bezos' $600M Wedding To Lauren Sánchez: Luxe Decor, Stars, And Romance

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