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Tsuruha Holdings (OTC:TSUSF) Stock, Option Chain

Tsuruha Holdings Inc manages pharmaceutical companies in Japan, where the drugstore business is the core of their operations. The company generates revenue through selling prescription and over-the-counter drugs, medical supplies, nursing care products, discount cosmetics, health products, and a miscellaneous assortment of general merchandise. Tsuruha also provides blood testing services, disease prevention solutions, and at-home drug delivery services.

TSURUHA HOLDINGS INC ORD by Tsuruha Holdings, Inc.

Tsuruha Holdings Inc

BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) reported quarterly earnings of $0.44 per share which missed the analyst consensus estimate of $0.47 by 6.38 percent. This is a 58.88 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $45.752 billion which missed the analyst consensus estimate of $47.511 billion by 3.70 percent. This is a 12.25 percent decrease over sales of $52.141 billion the same period last year.

Earnings

Earnings Misses

News

BP Q4 2024 Adj. EPS $0.44 Misses $0.47 Estimate, Sales $45.752B Miss $47.511B Estimate

Reflects the promise of the novel Factor XI inhibitor class of medicines to help prevent strokes and other conditions as well as Abelacimab's potential to provide superior safety
Culminates growth journey as part of Blackstone Life Science

Blackstone-Backed Anthos Therapeutics To Be Acquired By Novartis In $3.1B Deal, Advancing Factor XI Inhibitor Therapy

TD currently holds 184,678,738 shares of Schwab's common stock representing 10.1% economic ownership. The Bank will sell 165,443,530 shares through a registered offering at a price of US$79.25 per share. Schwab will purchase 19,235,208 shares from the Bank for a total purchase price of US$1.5 billion. The sale is expected to close on February 12, 2025, subject to customary closing conditions.
The transaction will generate net proceeds of approximately C$20 billion after taxes and underwriting discount with C$15 billion in CET1 capital created or 247 bps of CET1 capital released.

SCHW

TD Bank Group Prices Sale Of 184.7M Schwab Shares At $79.25 Each, Unlocking C$20B In Proceeds And Launching Share Buyback Program

LILA

Reported Earlier, Liberty Latin America's C&W Completes $755M Senior Notes Issuance, Extending Debt Maturities Beyond 2032

Danaos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAC#NYSE">DAC</a>) reported quarterly earnings of $6.93 per share which beat the analyst consensus estimate of $6.64 by 4.37 percent. This is a 0.86 percent decrease over earnings of $6.99 per share from the same period last year. The company reported quarterly sales of $258.179 million which missed the analyst consensus estimate of $261.559 million by 1.29 percent. This is a 3.56 percent increase over sales of $249.315 million the same period last year.

Earnings Beats

Danaos Q4 2024 Adj. EPS $6.93 Beats $6.64 Estimate, Sales $258.179M Miss $261.559M Estimate

Each unit consisting of one ordinary share and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one ordinary share at $11.50 per share. The units are expected to trade on The Nasdaq Global Market ("Nasdaq") under the ticker symbol "ATIIU" beginning February 11, 2025. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols "ATII" and "ATIIW," respectively.

IPOs

ATII

Reported Earlier, Archimedes Tech SPAC Partners II Co. Prices $200M Initial Public Offering Of 20M Units At $10/Unit

HLNE

Reported Earlier, Hamilton Lane Prices $252M Public Offering Of 1,572,536 Class A Common Stock

ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) <a href="https://www.benzinga.com/25/02/43592322/on-semiconductor-q4-earnings-q4-revenue-drops-15-weak-demand-in-auto-and-industrial-sectors-lower-utilization-hits-margins-ceo-warns-of-continued-challenges-in-2025">missed</a> street expectations in the fourth quarter, predicting a sluggish first quarter for its automotive segment as its shares tumbled over 8% after the earnings report on Monday.
What Happened: Lower global automotive demand combined with slower-than-expected adoption of electric vehicles impacted the fourth-quarter results of the semiconductor company that supplies custom devices for automotive players.
According to its president and CEO, &#8220;Entering the first quarter, we expect persisting volatility due to the geopolitical uncertainty across all geographies as our customer assess their manufacturing footprints and the impact of tariffs,&#8221; said Hassane El-Khoury during its earnings call.
The management said that the company will be monitoring the demand signals of EV adoption, given the uncertainty around &#8220;EV tax credits and slowing infrastructure deployment.&#8221;
While the 8% sequential growth in the fourth quarter was driven by China, the company expects it to decline by 25% or more in the first quarter owing to the early Chinese New Year in the month of January.
The company is working on its &#8216;Fab Right&#8217; strategy and reducing its operating expenditures via potential site closures, headcount reductions, and portfolio rationalization.
&#8220;The structural changes we plan on making will position us to react quickly and favorably to changing market conditions,&#8221; said company CFO Thad Trent.
The management expects a &#8220;meaningful impact&#8221; of opex reduction in the second quarter, and gross margin improvements by late in 2025.
See Also: <a href="https://www.benzinga.com/25/02/43587245/tariffs-are-the-only-way-to-fund-tax-cuts-without-deficit-expansion-argues-expert-as-it-takes-center-stage-in-donald-trumps-economic-plan" target="_blank" rel="noreferrer noopener">Tariffs Are ‘The Only Way' To Fund Tax Cuts Without ‘Deficit Expansion', Argues Expert As It Takes Center Stage In Donald Trump's Economic Plan</a>
Why It Matters: Its revenue declined by 15% year-on-year to $1.72 billion, missing the analyst consensus estimate of $1.76 billion, and its reported adjusted earnings of $0.95 per share missing the analyst consensus estimate of $0.97.
For the full year 2024, the revenue came in at $7.1 billion with a non-GAAP gross margin of 45.5% and a free cash flow of $1.2 billion.
In the first quarter, ON expects revenue in the range of $1.35-$1.45 billion and non-GAAP gross margin within 39-41%, with non-GAAP EPS at $0.45-$0.55.
&#8220;We believe electrification, AI data center and renewable energy are still the major growth drivers for our industry over the next decade, and we remain confident our technology and innovations in these markets will allow us to capitalize on those trends,&#8221; added CFO Trent.
Price Action: The shares fell by 8.21% to $47.04 apiece on Monday and slid by 0.09% in after-hours, whereas the exchange-traded fun tracking Nasdaq Composite index, Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) rose 0.92%.
ON shares have plunged 23.77% on a year-to-date basis, whereas it was down by 41.87% over the last one year.
The average price target among 30 <a href="https://www.benzinga.com/quote/ON/analyst-ratings">analysts tracked by Benzinga</a> is $81.43 with a ‘hold' rating. The estimates range from $52 to $110 apiece. Recent ratings from Needham, Jefferies, and Rosenblatt suggest a $72.33 target, implying a potential upside of 53.90%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/ON/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="383" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-1024x383.png" alt="" class="wp-image-775770" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-1024x383.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11004839/ON-ANR.png 1054w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Ju Jae-young On Shutterstock.com
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43586493/jpmorgan-bofa-equifax-honda-block-and-many-more-may-get-relief-after-cfpb-dissolution-as-director-vought-halts-activities-maryland-senator-says-will-ensure-the-body-continues-to-fight-for-consumers" target="_blank" rel="noreferrer noopener">JPMorgan, BofA, Equifax, And Others May Get Relief After CFPB Dissolution: Maryland Senator Says He Will Ensure It Continues To ‘Fight For Consumers'</a></li>
</ul>

Equities

Market Summary

Broad U.S. Equity ETFs

Markets

Analyst Ratings

ETFs

General

Fidelity NASDAQmposite Index Fund ETF-Tracking NASDAQmposite Index

ONEQ

Auto Slowdown Hits ON Semiconductor In Q4 — Q1 Outlook Also Dim: CEO Warns of 'Persisting Volatility Due To The Geopolitical Uncertainty'

<ul>
<li>a U.S. public offering of two series of US dollar denominated fixed-to-fixed rate subordinated notes with an aggregate principal amount of US$2.1 billion, consisting of US$1.1 billion of 7.0% fixed-to-fixed rate subordinated notes due 2055 and US$1.0 billion of 7.125% fixed-to-fixed rate subordinated notes due 2055 (collectively the "US Notes"), and</li>
<li>a Canadian private placement of $1.0 billion of 5.625% fixed-to-fixed rate subordinated notes due 2055 (the "Cdn Notes" and, together with the US Notes, the "Notes").</li>
</ul>

Reported Earlier, Rogers Communications Prices US$2.1B Public Offering And C$1B Private Placement Of Fixed-To-Fixed Rate Subordinated Notes

<ul>
<li>The net result for the first half of fiscal year 2025 registered a loss of ARS 64,391 million. This result is mainly explained by the loss due to changes in the fair value of IRSA investment properties.</li>
<li>The adjusted EBITDA for the period reached ARS 134,961 million, 15.3% lower than the same period in 2024. The agribusiness adjusted EBITDA was ARS 35,262 million and the Urban adjusted EBITDA (through IRSA), ARS 103,136 million.</li>
<li>The 2025 campaign is developing with historically low commodity prices, although a slight recovery was observed in the last quarter, reduced input costs, and favorable weather conditions in the region. We planted 303,000 hectares in the region, 9% more than the previous season.</li>
<li>In January 2025, the Argentine government announced a temporary reduction in crops tax exports until June 30, 2025, lowering soybean from 33% to 26% and wheat and corn from 12% to 9.5%. This had a positive impact on spot and future crop prices of approximately 5%.</li>
<li>During the first half of fiscal year 2025, we sold a fraction of Los Pozos farm in Argentina for USD 2.2 million and our subsidiary BrasilAgro sold a fraction of its Alto Taquari farm for BRL 189.4 million.</li>
<li>On November 2024, we distributed a cash dividend of ARS 45,000 million (dividend yield ~7%).</li>
</ul>

CRESY

Cresud SACIF 1H EPS ARS(103.27) Down From ARS181.95 YoY

China&#8217;s leading automaker, BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), is outpacing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in the deployment of AI-powered driving technology in the Chinese market. The company has launched a new system specifically for budget vehicles.
What Happened: BYD has rolled out a new driving-assistance technology system, known as &#8220;Eyes of God&#8221; in Chinese, for its low-cost mass-market vehicles. This move comes as Tesla faces difficulties in launching its latest driver-assistance software in China due to regulatory hurdles, <a href="https://www.scmp.com/business/china-business/article/3298118/byd-add-autopilot-system-evs-gain-edge-amid-chinas-price-war">reported</a> the South China Morning Post. 
The Chinese automaker has partnered with DeepSeek to roll out driver-assist technology for its electric vehicles. This collaboration is aimed at leveraging DeepSeek&#8217;s AI capabilities to enhance BYD&#8217;s offerings
During a live-streamed launch event in China, late Monday, BYD's Founder and Chairman Wang Chuanfu stated that advanced smart driving will evolve into a standard safety feature, much like seatbelts and airbags.
BYD&#8217;s &#8220;Eyes of God&#8221; system will be integrated into all its models, including an electric compact hatchback priced at approximately $9,600, with the system included in the cost. 
Nomura analysts said, "BYD is changing its competition strategy from price cutting last year to functions' upgrade in 2025."
SEE ALSO: <a href="https://www.benzinga.com/25/02/43589901/the-potential-merger-of-chinese-carmakers-dongfeng-and-changan-likely-to-cast-a-shadow-on-tesla-rival-byd">Tesla&#8217;s Chinese Rival BYD May Lose Market Dominance As China&#8217;s Dongfeng And Changan Mull Merger: Report</a>
Why It Matters:&nbsp;The launch of BYD&#8217;s new system underscores the company&#8217;s strategic move to capitalize on the regulatory challenges faced by Tesla in China. Earlier this year, Tesla CEO Elon Musk blamed U.S. and Chinese regulations for the delay in the release of the company&#8217;s &#8220;Full-Self Driving&#8221; software. Despite Musk&#8217;s repeated claims that the software could be available in China by the end of 2024, it has not yet received approval from Beijing.
The successful deployment of the &#8220;Eyes of God&#8221; system in its mass-market vehicles signifies BYD&#8217;s commitment to making advanced driving technology accessible to a <a href="https://www.benzinga.com/markets/25/02/43527039/teslas-chinese-rival-byd-to-hire-20000-more-workers-in-zhengzhou-plans-major-expansion-to-meet-rising-ev-demand">broader consumer base</a>. This is in sharp contrast to Tesla&#8217;s plan to charge $8,000 for the installation of its &#8216;Full Self-Driving system&#8217; in the U.S., in addition to a $99 monthly subscription. The Elon Musk-led EV giant is likely to begin testing on the mainland later this year.
However, Brian Tycangco, an analyst at Stansberry Research, warned that the Chinese EV giant&#8217;s association with DeepSeek "increases the likelihood that BYD vehicles will face more difficulties entering Western markets like the U.S. due to national security reasons."
<ul>
<li>READ MORE: <a href="https://www.benzinga.com/markets/asia/25/02/43613949/tesla-supplier-catl-eyes-5-billion-hong-kong-listing-amid-us-sanctions-market-revival-report">Tesla Supplier CATL Eyes $5 Billion Hong Kong Listing Amid US Sanctions, Market Revival: Report</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.

Tech

BYDDY

TSLA

BYD Teams Up With DeepSeek To Outpace Tesla In Budget-Friendly AI-Driven Tech For Chinese Cars Amid Regulatory Roadblocks

Cybin (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CYBN#AMEX">CYBN</a>) reported quarterly losses of $(0.53) per share which beat the analyst consensus estimate of C$(1.72) by 69.19 percent. This is a 84.64 percent increase over losses of C$(3.45) per share from the same period last year.

CYBN

Cybin Q3 2024 GAAP EPS C$(0.53) Beats C$(1.72) Estimate; Cash C$136.3M

Pricing of its underwritten public offering of 1,250,000 shares of its Class A common stock at a public offering price of $4.00 per share, and, in lieu of Class A common stock to certain investors, pre-funded warrants to purchase 11,250,000 shares of its Class A common stock at a public offering price of $3.9999 per pre-funded warrant, which equals the public offering price per share of the Class A common stock less the $0.0001 per share exercise price of each pre-funded warrant, in each case before underwriting discounts and commissions.

SERA

Reported Earlier, Sera Prognostics Prices $50M Public Offering Of 1.25M Class A Common Shares At $4/Share

Strategic Alignment with American Manufacturing Initiatives
President and CFO Jason Maddox emphasized EVTV's strategy to align with the Trump Administration's focus on strengthening U.S. manufacturing and reducing reliance on foreign supply chains:
"With over two decades in the defense contracting sector, I've witnessed firsthand the importance of building a strong American industrial base. At Envirotech, we are fully committed to producing American-made vehicles, supporting domestic manufacturing, and creating jobs for American workers. This approach not only aligns with the Trump Administration's priorities but ensures that Envirotech remain resilient in the face of global trade tensions and supply chain disruptions."

EVTV

Reported Earlier, Envirotech Vehicles Reaffirms Commitment To U.S. Manufacturing As Federal EV Policies Pivot Under Trump Administration

Elon Musk-led EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Monday that its newly built megafactory in Shanghai manufactured the first Megapack, boosting the company&#8217;s fast-growing energy storage segment.
What Happened: The first megapack to have rolled off the production line at the Shanghai megafactory will be shipped to Australia, the company said in a post on X, formerly Twitter. 
<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 first Megapack rolled off the production line at the Megafactory Shanghai and will soon ship to Australia&#x1f389;<a href="https://twitter.com/teslaenergy?ref_src=twsrc%5Etfw">@teslaenergy</a> <a href="https://t.co/ze0jXgO0B2">pic.twitter.com/ze0jXgO0B2</a>
&mdash; Tesla Asia (@Tesla_Asia) <a href="https://twitter.com/Tesla_Asia/status/1889141621893022190?ref_src=twsrc%5Etfw">February 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Megapack is a powerful battery manufactured by the company for large-scale energy storage. Each unit can store over 3.9 Megawatt-hours of energy, which is enough to power an average of 3,600 homes for an hour.
The&nbsp;<a href="https://www.benzinga.com/24/12/42680075/tesla-exec-says-we-will-be-ready-to-efficiently-produce-autonomous-vehicles-as-shanghai-megafactory-nears-completion" target="_blank" rel="noreferrer noopener">Shanghai megafactory</a>&nbsp;is the company&#8217;s first factory dedicated to the production of energy storage products outside the U.S.&nbsp;Currently, Tesla has only one other factory dedicated to manufacturing megapacks, located in Lathrop, California. The Lathrop facility has the capability of producing 40 GWh of energy storage products every year.
Tesla officially began the construction of the Shanghai megafactory in May, taking less than a year from the start of construction to commencing production. 
Why It Matters:&nbsp;Tesla reported revenue of over $3 billion from its energy generation and storage segment in the fourth quarter or more than double the $1.44 billion reported in the corresponding quarter of 2023, upon deploying a record&nbsp;<a href="https://www.benzinga.com/25/01/42780335/teslas-evergy-storage-deployements-rise-in-q4-even-as-vehicle-deliveries-disappoint" target="_blank" rel="noreferrer noopener">11.0 GWh of energy storage products</a>.
Revenue from the energy segment accounted for about 12% of the company&#8217;s total revenue in the quarter, while the automotive segment accounted for 77%. The company reported quarterly&nbsp;<a href="https://www.benzinga.com/news/earnings/25/01/43321103/tesla-q4-earnings-highlights-revenue-miss-eps-miss-ev-updates-automaker-says-2025-will-be-a-seminal-year" target="_blank" rel="noreferrer noopener">total revenue</a>&nbsp;of $25.71 billion, missing a street consensus estimate of $27.26 billion, owing to an 8% drop in automotive revenue.
Tesla continues to be&nbsp;<a href="https://www.benzinga.com/news/24/10/41537560/teslas-energy-segment-boom-in-q3-sparks-leadership-changes-veteran-mike-snyder-promoted-as-vp" target="_blank" rel="noreferrer noopener">hopeful for its energy segment</a>&nbsp;for it said late last month that it expects energy storage deployment to grow at least 50% year-over-year in 2025. Both the powerwall and megapack continue to be supply-constrained as it opens to new markets, the company added.
Check out more of Benzinga'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 Next:
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<li><a href="https://www.benzinga.com/25/02/43588718/lucid-ceo-envisions-ev-maker-licensing-tech-more-than-building-cars">Peter Rawlinson Wants Lucid To Be The Intel Of EVs: &#8216;You Flash Your Microsoft Office… Bill Gates Gets His Royalty… I Want To Be Like That&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tesla Starts Production At Shanghai Megafactory Less Than 9 Months After Beginning Construction

Cryptocurrencies themed on video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) were up in the green Monday, buoyed by interest in CEO Ryan Cohen&#8217;s picture with Strategy co-founder Michael Saylor.&nbsp;
What happened: Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based GameStop soared nearly 50% in the last 24 hours, with its trading volume surging by 37% to $1.83 million, <a href="https://coinmarketcap.com/currencies/gamestop/">according</a> to CoinMarketCap.&nbsp;&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:30 p.m. ET)</td>
</tr>
<tr>
<td>GameStop (GME)</td>
<td>+49.52%</td>
<td>$0.0001924</td>
</tr>
<tr>
<td>GmeStop (GME)</td>
<td>+3.54%</td>
<td>$0.001948</td>
</tr>
</tbody>
</table>
</figure>
The rise alleviated some of the coin&#8217;s problems, which had lost more than 33% over the last month.
Similarly, Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based GmeStop, with a much lower market capitalization, rose over 3% in the last 24 hours.&nbsp;
It's worth noting that these coins aren&#8217;t directly tied to GameStop but rather seek to capitalize on the hype surrounding the meme stock.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
The uptick comes after <a href="https://in.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">Cohen posted a picture with Saylor</a> on X over the weekend, spurring speculations that the company could be leaning toward Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investments.
Strategy, formerly known as MicroStrategy, is the largest corporate holder of Bitcoin, and Saylor is known for consistently <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/43583287/michael-saylor-declares-death-to-blue-lines-long-live-green-dots-is-strategys-btc-purchase-streak-about-to-resume">pushing for the asset's adoption</a>.&nbsp;
GameStop has been one of the most popular retail stocks in the last few years, helped by the historic 2021 meme stock craze that saw the stock squeeze higher. Keith Gill, also known as <a href="https://www.benzinga.com/topic/roaring-kitty">&#8220;Roaring Kitty,"</a> has been influencing GameStop price action with cryptic posts on X.
Price Action: Shares of GameStop soared 9.66% to $27.12 during Monday&#8217;s regular session and were up 0.99% in after-hours trading, 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 Igor Faun on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43581896/analyst-who-nailed-2021-crypto-collapse-now-says-worst-of-bitcoin-could-come-in-next-few-weeks">Analyst Who Nailed 2021 Crypto Collapse Now Says Worst Of Bitcoin Could Come In Next Few Weeks</a></li>
</ul>

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

Cryptocurrency

Movers

Trading Ideas

$BTC

$DOGE

$ETH

$SOL

GameStop-Themed Crypto Rallies 50% After Ryan Cohen Posts Intriguing Photo With Bitcoin Bull Michael Saylor

An Alabama resident on Monday confessed to hacking&nbsp;the SEC&#8217;s X account and posting a fake Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded fund approval message, causing millions of dollars in market losses.
What Happened: Eric Council pleaded guilty to conspiracy to commit aggravated identity theft in a federal court in Washington, D.C., according to a Justice Department press release. 
He now faces&nbsp;a maximum sentence of five&nbsp;years in prison, a fine of up to $250,000, and potentially&nbsp;three years of supervised release. The sentencing is slated for May.
According to court records, the Council had been involved in a conspiracy to execute Subscriber Identity Model attacks, also known as &#8220;SIM swaps,&#8221; for monetary gain. He executed a SIM swap of the mobile phone account associated with the SEC&#8217;s official X account to gain unauthorized access.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/02/43584910/man-who-accidentally-lost-his-775-million-bitcoin-stash-expresses-desire-to-buy-the-landfill-site">Man Whose $775 Million Bitcoin Fortune Lies Buried In A Landfill Now Wants To Buy The Trash Heap</a>
Why It Matters:&nbsp; The incident pertained to a <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36575150/secs-hacked-tweet-on-bitcoin-etfs-causes-massive-trader-losses-over-220m-liquidated">hacked post&nbsp;from the SEC</a> that led to a financial wipeout for thousands of traders. 
The market soared on the fake announcement of a spot Bitcoin ETF, only to plummet minutes later when reality set in. Over $220 million was liquidated from the cryptocurrency market in the ensuing chaos. The ETFs were formally approved a day later. 
Council was arrested by the FBI in October <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41386377/arrest-made-in-sec-x-account-hack-prior-to-bitcoin-etf-approval-fbi-says-phone-used-to-man">and was charged</a> with conspiracy to commit aggravated identity theft and access device fraud.
Photo by ozrimoz on Shutterstock
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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>

Hacker Pleads Guilty To SEC's Fake Bitcoin ETF Post On X That Triggered Financial Wipeout Worth Millions

Activist investor Elliott Investment Management has amassed a $2.5 billion stake in Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), significantly expanding its position in the U.S. oil refiner and intensifying pressure for operational restructuring, particularly regarding its midstream business.
Elliott's latest investment, which places it among Phillips 66&#8217;s top five shareholders, comes less than a year after its initial $1 billion stake secured a board seat for refining veteran Robert Pease, Reuters reported, citing sources.
Despite Phillips 66&#8217;s commitment to performance improvements in March 2023, its stock has declined from $163.34 to $123.71, underscoring Elliott&#8217;s concerns about unfulfilled promises and operational inefficiencies.
The move aligns with Elliott&#8217;s recent pattern of industrial sector activism, including its stake in BP Plc and its role in Honeywell&#8216;s three-way split. According to the report, Elliott aims to push for the sale or spinoff of Phillips 66&#8217;s midstream operations to streamline the company&#8217;s structure and enhance shareholder value.
Phillips 66 did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Price Action: Phillips 66 shock gained 2.83% on Monday to close at $123.71. Despite the recent uptick, the stock has declined 14.36% over the past year, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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