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United Rail (OTC:URAL) Stock, Option Chain

United Rail Inc is engaged in passenger rail transportation. It is a rail resource management company catering to independent rail operators in the passenger rail excursion and short line freight business.

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United Rail Inc

Business Outlook
For the fourth quarter of 2024, the Company expects net revenues to be between US$546 million and US$563 million. This forecast reflects the Company's current and preliminary views on the market, operational conditions and business strategies, which are subject to changes, particularly as to the potential impact from increasing macroeconomic uncertainties.

Earnings

Guidance

JOYY Q4 Outlook: Expects Net Revenues To Be Between $546M-$563M Vs. $564.667M

In a big legal win for the cryptocurrency industry, a U.S. appeals court has overturned sanctions imposed by the Treasury Department on popular cryptocurrency mixer, Tornado Cash, causing the price of the associated coin to zoom 430%.
What Happened: A three-judge panel from the Fifth Circuit Appeals Court in New Orleans on Tuesday <a href="https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rWi4YTmtAT5I/v0">concluded </a>that&nbsp;the Office of Foreign Assets&nbsp;Control (OFAC) had exceeded its authority, reversing a lower court&#8217;s decision and granting a partial summary judgment in favor of Tornado Cash users.
The judges ruled that Tornado Cash&#8217;s immutable smart contracts do not qualify as&nbsp;property under the International Emergency&nbsp;Economic Powers Act (IEEPA)—a federal law that grants sweeping powers to the president to control economic transactions—as they cannot be owned or controlled. 
&#8220;We hold that&nbsp;Tornado Cash's immutable smart contracts&nbsp;(the lines of privacy-enabling software&nbsp;code) are not the "property"&nbsp;of a foreign national or&nbsp;entity, meaning (1) they cannot&nbsp;be blocked under IEEPA, and&nbsp;(2) OFAC overstepped its congressionally&nbsp;defined authority,&#8221; Circuit Judge Don Willett wrote in the judgment.
The Treasury Department didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a>
The ruling was cheered by influential names in the industry like Coinbase CEO Brian Armstrong and the company&#8217;s Chief Legal Officer Paul Grewal who described it as a &#8220;historic win for crypto.&#8221;
&#8220;Proud of this outcome. The courts ruled in our favor that the Treasury Department cannot sanction open-source code.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Proud of this outcome. The courts ruled in our favor that <a href="https://twitter.com/USTreasury?ref_src=twsrc%5Etfw">@USTreasury</a> cannot sanction open source code.<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a> will keep holding government accountable to protect your freedoms. <a href="https://t.co/RbrPsm8ZMH">https://t.co/RbrPsm8ZMH</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1861566170928693622?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Hayden Adams, Founder of Uniswap Labs, the firm behind the leading decentralized exchange Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), said, &#8220;Holy sh&#x2A;t. Immutable smart contracts just beat the Treasury Department in court.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">holy shit immutable smart contracts just beat the treasury department in court &quot;we hold that Tornado Cash&#39;s immutable smart contracts (the lines of privacy-enabling software code) are not the &quot;property&quot; of a foreign national or entity, meaning (1) they cannot be blocked under… <a href="https://t.co/KROajcEGhq">https://t.co/KROajcEGhq</a> <a href="https://t.co/qYpMa6vpe3">pic.twitter.com/qYpMa6vpe3</a>
&mdash; Hayden Adams &#x1f984; (@haydenzadams) <a href="https://twitter.com/haydenzadams/status/1861568401673498882?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Why It Matters: The ruling followed a turbulent period for Tornado Cash, which was <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36190138/vivek-ramaswamy-thinks-penalizing-tornado-cash-mixer-was-illegal-and-unconstitutional" target="_blank" rel="noreferrer noopener">blacklisted</a> by the department in 2022, making it illegal for U.S. citizens, residents, and companies to use the platform.
In August 2023, the platform&#8217;s founders,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34010989/tornado-cash-founders-indicted-for-1b-crypto-laundering-1-arrest-1-at-large">Roman Storm and Roman Semenov, were indicted</a>&nbsp;for allegedly laundering over $1 billion through the cryptocurrency mixer, including funds from the notorious North Korean cybercrime group, Lazarus Group.
Critics argued that Tornado Cash is software, not an individual and that the Treasury had overstepped its authority by sanctioning the mixing service. This sentiment was echoed by Vivek Ramaswamy, a prominent member of the incoming Donald Trump administration, who argued that penalizing an entire protocol was &#8220;illegal and unconstitutional.&#8221;
For the curious, a cryptocurrency tumbler, also known as a mixer, is a service that mixes cryptocurrency funds to make them harder to trace. The goal is to improve the anonymity of cryptocurrencies, especially Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), whose public ledgers are otherwise easily available.
Price Action: Following the ruling, the price of the associated token Tornado Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TORN</a>) exploded 430%, 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/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">Trump Administration To Reportedly Let CFTC Regulate Bitcoin, Ethereum Spot Market, Is The SEC Set To Lose Its Grip Over Crypto?</a></li>
</ul>

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

Cryptocurrency

$BTC

$TORN

$UNI

'Historic Win For Crypto:' Court Overturns Treasury Sanctions On Tornado Cash, Associated Token Skyrockets 430%

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Tuesday revamped its referral program across North America, as it looks to race to its <a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">delivery target of 515,000 vehicles</a> in the fourth quarter.
What Happened: Tesla's updated referral program includes enhanced discounts and rewards, with specific incentives for the Cybertruck.
The changes were announced via one of Tesla&#8217;s official accounts on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big update to Tesla Referral Program in the US &amp; CA You can now earn $1000 by giving someone else up to $2000 off a new Tesla If taking delivery before 12/31, they&#39;ll also get 3 months of free FSD Supervised + unlimited Supercharging Good one to send to the Thanksgiving group… <a href="https://t.co/DRpmgZCvAp">pic.twitter.com/DRpmgZCvAp</a>
&mdash; Tesla North America (@tesla_na) <a href="https://twitter.com/tesla_na/status/1861428189546807462?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
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Customers can earn $1,000 for each successful referral, while the new buyer can receive&nbsp;up to $2,000 off a&nbsp;new Tesla.
Additionally, those who&nbsp;take delivery before the end&nbsp;of 2024 will benefit from three&nbsp;months of free FSD (Supervised)&nbsp;and unlimited Supercharging.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
The program applies to the&nbsp;Model S, Model 3, Model&nbsp;X, Model Y, and Cybertruck.
Buyers&nbsp;of the Model S, Model&nbsp;X, and Cybertruck can enjoy&nbsp;a $2,000 discount, while Model&nbsp;3 and Model Y buyers&nbsp;are eligible for a $1,000&nbsp;discount in the U.S.
Referrers in the U.S. can earn up to $10,000 via referrals, while Canadian participants can earn up to CAD13,000. Participants also have a chance&nbsp;to win an invitation to&nbsp;a future Tesla event.
Why It Matters: Tesla&#8217;s enhanced referral program is part of a broader strategy to boost sales in the fourth quarter. The company recently started offering unlimited overnight charging via the&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-5">Tesla Electric service</a>, down from $15 a month, aiming to attract more buyers.
This follows&nbsp;<a href="https://www.benzinga.com/news/24/10/41443856/tesla-offers-discounts-of-up-to-4k-on-select-model-3-y-vehicles-as-it-looks-to-avert-1st-ever-declin">discounts of up to $4,000</a>&nbsp;on select&nbsp;Model 3 and Model Y&nbsp;vehicles to avoid a decline in annual deliveries.
Despite these efforts,&nbsp;<a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher">analysts predict</a>&nbsp;that Tesla&#8217;s Q4 deliveries will set new records but may not prevent a yearly sales decline. The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">potential removal of the $7,500 EV tax credit</a> by the incoming Trump administration could further affect Tesla&#8217;s sales, as highlighted by&nbsp;<a href="https://www.benzinga.com/news/global/24/11/41998381/tesla-earnings-will-be-hit-hardest-if-7500-ev-credit-is-cut-warns-gary-black-citing-80-dependence-on-ev-sales-please-do-the-math">Gary Black</a>, who warns of significant earnings impact if the credit is cut.
Price Action: Tesla stock declined marginally by 0.1% on Tuesday to close at $338.23 but gained 0.6% in after-hours trading. Year-to-date, Tesla shares are up 36.2%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">Benzinga Pro data</a>, the consensus rating from analysts is "Neutral" for the Tesla stock. The highest price target is $400, while the consensus price target is 232.20, implying a 45% downside.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="947" height="357" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating.jpg" alt="" class="wp-image-666691" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating.jpg 947w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating-300x113.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27012322/Tesla-rating-768x290.jpg 768w" sizes="(max-width: 947px) 100vw, 947px" /></figure>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/24/11/42160725/tesla-faces-environmental-violations-as-elon-musks-doge-prepares-for-garbage-collection-of-rules-that-dont-make-sense-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Faces Environmental Violations As Elon Musk&#8217;s &#8216;DOGE&#8217; Prepares For &#8216;Garbage Collection Of Rules That Don't Make Sense</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tesla

Tech

TSLA

Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk's EV Giant Races To 500K Q4 Delivery Target

Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) experienced a significant stock decline on Tuesday, shedding 10.4% after announcing the termination of two critical loan agreements with major financial institutions.
What Happened: The company disclosed in a Securities and Exchange Commission filing that it had prepaid and terminated loan agreements with Cathay Bank and Bank of America N.A. on Nov 20. This move comes amid ongoing challenges with Nasdaq listing requirements and delayed financial reporting.
SMCI, a prominent server manufacturer known for its AI system infrastructure supporting NVIDIA Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips, has been navigating a turbulent financial period. The company recently faced a potential delisting threat after failing to meet Nasdaq&#8217;s filing requirements.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/11/42206673/trumps-running-mate-vice-president-pick-and-venture-capitalist-jd-vance-holds-etfs-bitcoin-and-more-here-is-a-look-at-his-portfolio">JD Vance&#8217;s Investment Playbook Has Bitcoin And ETFs: Here&#8217;s What Else The VP-Elect Is Betting On</a>
Why It Matters: The stock experienced a dramatic rally, <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42166890/smci-surges-65-in-a-week-but-is-volatility-the-new-normal">surging 65% in a single week</a>. Shares rose from $20.03 on Nov 18 to $33.15 on Nov. 22, attempting to recover from a six-month slump that previously erased nearly 60% of its value.
With a market capitalization of $17.39 billion, the company maintains a relatively low price-to-earnings ratio of 17.15.
Super Micro Computer has hired a new independent auditor and committed to filing its <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42166890/smci-surges-65-in-a-week-but-is-volatility-the-new-normal">earnings report soon</a>. 
Price Action: As of the latest trading session, the stock is priced at $34.42, reflecting a decline of 10.40% on Tuesday. Despite the recent drop, the stock has experienced a year-to-date gain of 20.54%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Read Next: 
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<li><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></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Equities

NVDA

SMCI

SMCI Stock Slumps 10% As Loan Agreements With Banks End Amid Ongoing Nasdaq Challenges

China's Huawei Technologies will replace Google's Android with its in-house developed operating system in smartphones and tablets starting next year.
What Happened: On Tuesday, at a live-streamed event, Huawei announced that its Mate 70 series will debut HarmonyOS Next, the latest iteration of the company's operating system, <a href="https://www.bloomberg.com/news/articles/2024-11-26/huawei-plans-to-drop-android-entirely-in-gadgets-from-2025?leadSource=uverifywall">reported</a> Bloomberg.
The Mate 70 and Mate 70 Pro will be available on Dec. 4, marking the company's first flagship phones without any reliance on Android, the open-source OS by Alphabet Inc.'s (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>) Google.
Richard Yu, chairman of Huawei's consumer business group said that the Mate 70 series is expected to deliver a 40% performance boost over its predecessor. The device has a starting price of $760 (5,499 yuan) for the 6.7-inch model.
See Also: <a href="https://www.benzinga.com/24/11/42155932/apple-black-friday-2024-get-up-to-200-in-gift-cards-on-iphones-macs-airpods-and-more-heres-everything-you-need-to-know?itm_source=parsely-api">Apple&#8217;s 2024 Black Friday Deals: Gift Cards Over Discounts — Here&#8217;s What You&#8217;ll Get</a>
Meanwhile, the HarmonyOS Next will take another two to three months to improve user experience, but the plans remain to integrate it into future devices.
The Mate 70 series is expected to include Huawei's in-house Kirin chips, although their performance might lag behind those of competitors like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and MediaTek.
Huawei has forecasted production of more than 10 million units over the product&#8217;s life cycle, indicating strong expectations for demand.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The new devices aim to compete directly with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in China&#8217;s premium smartphone market.
In the third quarter of this year, Huawei&#8217;s market share in China increased to 15.3%, up from 8.6% last year. This development marked it as a strong rival to Cupertino in the high-end smartphone arena.
Earlier this year, Huawei also surpassed Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) in global <a href="https://www.benzinga.com/news/24/05/39107001/after-apple-huawei-takes-on-samsung-in-race-to-become-worlds-top-foldable-phone-maker-report">foldable smartphone</a> shipments.
Meanwhile, Google generates billions from Android, mainly via the Play Store. In the <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third quarter of 2024</a>, Google Services reported $76.5 billion in revenue, a 13% increase year-over-year.
Moreover, the decision to move away from Android is significant considering the ongoing <a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">U.S. sanctions</a> that have limited Huawei's access to critical technologies. Other Chinese tech companies are seeking ways to reduce their reliance on foreign technology.
Price Action: As of this writing, Alphabet's Class A shares rose 0.047% in after-hours trading to $169.20, while Class C shares increased by 0.11% to $170.80. During Tuesday's regular session, Class A shares closed up 0.88% at $169.12, and Class C shares ended 0.70% higher at $170.62, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Apple&#8217;s stock gained 0.94% on Tuesday, closing at $235.06, and saw an additional 0.20% rise in after-hours trading. Since the year began, Apple stock has risen 26.62%, more than the Nasdaq 100 index's 26.47% gain in the same period.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><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></li>
</ul>

Media

AAPL

GOOG

GOOGL

QCOM

SSNLF

Apple's Premium Phone Reign In China Meets Challenger In Huawei's Mate 70 As New Smartphone Breaks Free From Google's Grip

111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) reported quarterly losses of $(0.02) per share. This is a 83.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $513.09 million which missed the analyst consensus estimate of $534.67 million by 4.04 percent. This is a 2.14 percent increase over sales of $502.36 million the same period last year.

111 Q3 Adj. EPADS $(0.02) Up From $(0.12) YoY, Sales $513.09M Miss $534.67M Estimate

JOYY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YY#NASDAQ">YY</a>) reported quarterly earnings of $1.07 per share which beat the analyst consensus estimate of $0.94 by 13.83 percent. This is a 12.3 percent decrease over earnings of $1.22 per share from the same period last year. The company reported quarterly sales of $558.700 million which missed the analyst consensus estimate of $561.600 million by 0.52 percent. This is a 1.48 percent decrease over sales of $567.100 million the same period last year.

Earnings Beats

Earnings Misses

JOYY Q3 2024 Adj. EPADS $1.07 Beats $0.94 Estimate, Sales $558.700M Miss $561.600M Estimate

LTRY

Reported Earlier, Lottery.com Receives Nasdaq Compliance Notice Over Late Form 10-Q

SAP S/4HANA Powers Swire Coca-Cola To Optimize Operations In Hong Kong

Vice President-elect James David Vance is a venture capitalist with investment experience in technology and connections to several notable industry mavens.
What Happened: According to his pre-election financial disclosures dated Aug. 13, 2024, Vance&#8217;s top holdings include investments in ETFs and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) apart from his position as a general or a limited partner in a few private equity and venture capital funds.
<a href="https://efdsearch.senate.gov/search/home/">United States Senate Financial Disclosures</a>&#8216; official website, details Vance&#8217;s holdings across the board. The most notable investments with the highest deployment of funds include top ETFs.
Invesco QQQ Trust, Series 1 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) is Vance&#8217;s topmost investment with an invested value between $1 million and $5 million. This is followed by $500,000 to $1 million investments in SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) and SPDR S&amp;P 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>). Vance has also invested about $100,000 to $250,000 in the iShares 20+ Year Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NYSE">TLT</a>), and SPDR Gold Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).
Apart from these, Vance has also invested about $100,001 to $250,000 in Bitcoin. He is also associated as a limited partner and general partner with Narya Capital Fund I, L.P, Rise of the Rest Seed Fund, LP and Rise of the Rest Seed Fund AIV GP, LLC.
Also read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">5 Things You Might Not Know About J.D. Vance: &#8216;Hillbilly Elegy&#8217; Author, Bitcoin Holder, First Millennial VP Pick And More</a>
Why It Matters: Vance is set to become the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">first millennial VP</a> for a major party in a presidential race. Before his career in politics, Vance was a former principal at Peter Thiel&#8217;s Mithril Capital in 2016 and 2017. He later left Mithril to work at Revolution LLC in 2017, an investment firm founded by AOL founder Steve Case. In 2019, Vance co-founded Narya Capital, a venture capital fund.
Trump&#8217;s critic turned running mate, Vance had publicly called the President-elect &#8220;reprehensible&#8221; and said that he is worried about his political ideology, <a href="https://www.washingtonpost.com/elections/2024/07/15/jd-vance-trump-criticism/">reported</a> the Washington Post.
The senator brushed off the past criticism of Trump in <a href="https://www.foxnews.com/media/jd-vance-addresses-past-criticism-trump-after-hes-chosen-vp-bought-medias-lies-distortions">his interviews</a> before the election. &#8220;I was certainly skeptical of Donald Trump in 2016, but President Trump was a great president, and he changed my mind,&#8221; Vance said. The Vice President-elect said he &#8220;bought into the media&#8217;s lies and distortions.&#8221;
Image via Shutterstock
Read next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42158373/trumps-commerce-secretary-pick-howard-lutnicks-fund-owns-1-19b-in-nvidia-804m-in-tesla-here-is-a-look-at-his-portfolio">Trump&#8217;s Commerce Secretary Pick Howard Lutnick&#8217;s Fund Owns $1.19B In Nvidia, $804M In Tesla: Here Is A Look At His Portfolio</a></li>
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Market Summary

Sector ETFs

Broad U.S. Equity ETFs

Currency ETFs

Politics

ETFs

SPDR Dow Jones Industrial Average ETF Trust

iShares Trust Barclays 20+ Year Treasury Bond Fund

JD Vance's Investment Playbook Has Bitcoin And ETFs: Here's What Else The VP-Elect Is Betting On

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Donald Trump's presidential victory gave an unprecedented boost to the cryptocurrency market, pushing major assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to new highs.&nbsp;
However, the bull market has also managed to draw attention back to those altcoins that have struggled to gain traction this year.
What happened: Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), now rebranded to POL, has been one of the biggest benefactors, surging over 61% over the last month. The token climbed to a five-month high earlier this week.
In fact, the coin&#8217;s 30-day gains have significantly exceeded those of blue-chip cryptocurrencies like Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which rose nearly 36%.
Influential cryptocurrency analyst Ali Martinez foresaw strong upside potential for POL, based on multiple bullish indicators.
In an X post on Monday, Martinex highlighted that despite the uptick, only about 15% of POL holders were in profit, reducing the possibility of immediate sell-offs.
<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 have a wild price prediction for <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a> <a href="https://twitter.com/search?q=%24POL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$POL</a> that many will think this post is sponsored… But it's not! So, let's dive in! &#x1f447;&#x1f9f5;
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1861009482093883409?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Furthermore, on-chain activity showed promise, with active addresses, transaction volume, and whale transactions all experiencing spikes.
In fact, whales have been on an accumulation spree, scooping millions of POL tokens.
With no "major" selling pressure and surging whale interest, Martinez issues a bold forecast.
"I believe that POL consolidates in a multi-year descending triangle, and a weekly close above $0.7973 could trigger a rally to $15.27 or $36.17,&#8221; he said.
This would amount to a staggering upside from the current level, in the range of 2725%-6592%.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
Several technical indicators also flashed a bullish signal for POL.&nbsp;
The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator that shows the relationship between two moving averages (MAs), flashed a "Buy" signal, according to <a href="https://www.tradingview.com/symbols/POLYGUSD/technicals/">data </a>from TradingView.
Additionally, most MAs, including exponential and simple, gave a bullish prediction.&nbsp;
That said, the derivatives market anticipated price declines as the number of traders levered short on the coin exceeded those placing bullish bets, data from the Long/Short Ratio showed.
Price Action: At the time of writing, POL was trading at $0.5405, down 2,75% 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>. The coin has lagged other cryptocurrencies in 2024, falling over 46% year-to-date.&nbsp;
Read Next:&nbsp;
<ul>
<li><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></li>
</ul>

$ETH

$MATIC

Crypto's Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin

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