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XPeng Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) CEO on Monday welcomed Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/news/24/04/38491516/teslas-model-3-and-model-y-clear-chinas-data-security-hurdle-fsd-software-deployment-nears">full self-driving (FSD) driver assistance software</a> to China despite the significant competition between the two players in the East Asian country.
What Happened: &#8220;I genuinely welcome this development with open arms,&#8221; Xiaopeng He wrote on Linkedin. &#8220;The next decade is set to be an era for &#8216;Smart EVs&#8217;, largely propelled by the implementation of AI large models.&#8221;
Large AI models should enable the implementation of autonomous driving in at least three years, he said.
&#8220;Tesla, known for its robust autonomous driving technology and strong brand presence, helps set a high standard. The introduction of top-tier products and technologies like this not only enriches customer experiences but also drives the entire industry forward,&#8221; the CEO wrote. 
Why It Matters: XPeng has its own advanced driver assistance system aimed at vehicle autonomy called XNGP (Navigation Guided Pilot). 
Last week, the CEO said in another LinkedIn post that the company has been testing the system on European roads. 
&#8220;Our team&#8217;s NGP testing on German highways has shown great promise &#8211; we are happy to share that XNGP&#8217;s exceptional capabilities are nearly road-ready for Europe!,&#8221; he wrote while adding that it is already available in 259 cities in China. 
On Monday, it was reported that Tesla has&nbsp;<a href="https://www.benzinga.com/markets/asia/24/04/38481213/breaking-tesla-reportedly-teams-up-with-baidu-to-roll-out-fsd-in-china" target="_blank" rel="noreferrer noopener">partnered with Beijing-based internet company&nbsp;Baidu Inc</a>&nbsp;for lane-level mapping and navigation data for China and was deemed in compliance with China&#8217;s data security requirements by a Chinese auto association, marking a significant stride towards the deployment of its full self-driving (FSD) driver assistance software in the world&#8217;s largest EV market.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38542069/cybertruck-can-go-anywhere-but-conditions-apply-tesla-releases-off-road-guide" target="_blank" rel="noreferrer noopener">Cybertruck Can Go Anywhere — But Conditions Apply: Tesla Releases Off-Road Guide</a>
Photo via Shutterstock

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XPEV

Xpeng Boss Welcomes Tesla's FSD China Entry With 'Open Arms,' Sees It Driving 'Entire Industry Forward'

Former Binance CEO <span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">Changpeng Zhao on Wednesday expressed gratitude towards his supporters following his <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38532677/former-binance-ceo-changpeng-zhao-sentenced-to-four-months-in-prison">sentencing for anti-money laundering violations.</a>
What Happened: <span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">In a statement <a href="https://twitter.com/cz_binance/status/1785465555899822488?s=46">shared </a>on the social platform X, Zhao thanked his supporters, saying, &#8220;I would like to thank everyone for your care and support, be it writing letters, showing support on X, or in any other form. They all mean a lot to me and keep me strong.&#8221;
<span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">The sentencing occurred in Seattle on Tuesday, where Zhao also agreed to a $50 million fine as part of his plea deal. Despite the setbacks, Zhao is turning his focus to education, initiating a project named Giggle Academy. 
<span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">He stated, &#8220;I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important.&#8221;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38538169/bitcoin-grinds-lower-catalysts-traders-will-watch-for-their-next-moves">Bitcoin Grinds Lower: Catalysts Traders Will Watch For Their Next Moves</a>
<span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">In light of recent industry turmoil, notably the FTX collapse, Zhao highlighted the security measures at Binance, emphasizing the importance of user protection. 
<span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">&#8220;Binance has been under the microscope during this process, and funds are secure,&#8221; he assured.
What&#8217;s Next: <span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">As the crypto industry continues to evolve, the implications of Zhao&#8217;s case and the emphasis on regulatory compliance will be significant topics at Benzinga&#8217;s <span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;">upcoming <span style="font-size: revert; color: var(--tw-prose-body); font-family: Söhne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;"><a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will converge to discuss the new regulatory landscapes shaping the<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38530742/exclusive-why-the-eigenlayer-airdrop-both-excites-and-disappoints"> future of cryptocurrencies.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38535711/bitcoin-jesus-roger-ver-arrested-in-spain-on-tax-evasion-charges">&#8216;Bitcoin Jesus&#8217; Roger Ver Arrested In Spain On Tax Evasion Charges</a>
Image: Shutterstock

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

Cryptocurrency

Ex-Binance CEO Changpeng Zhao Sees Crypto Industry Entering 'New Phase'

From humble beginnings to the dizzying heights of executive power, Bob Iger's journey is nothing short of inspirational. Starting with a meager wage of $150 at ABC, Iger climbed the corporate ladder to eventually steer one of the world&#8217;s most beloved companies, Disney. 
Iger started working in the eighth grade and worked jobs as a summer janitor at his school district. He recalls having to scrape gum from thousands of desks. In 1974 he started his career with ABC where he recalls working as the &#8220;lowliest crew member working on a daytime soap opera,&#8221; according to a CNBC <a href="https://www.cnbc.com/2019/10/09/inside-disney-ceo-bob-igers-rise-to-the-top.html">report</a>. At that time he was officially the studio supervisor.
Here are Bob Iger's top five tips for successful leadership.
1. Foster a Culture of Innovation
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010804/image-1024x585.png" alt="" class="wp-image-316674" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010804/image-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010804/image-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010804/image-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010804/image-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010804/image.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Bob Iger believes innovation is about fostering an environment where ideas can thrive, Image Generated Via Dall-E</figcaption></figure>
Iger believes that innovation is not just about new ideas, but about fostering an environment where these ideas can thrive. At Disney, he championed the use of technology to enhance storytelling, leading to groundbreaking projects like Disney+ streaming service. Iger&#8217;s approach shows that true leaders invest in creative potential and encourage their teams to push boundaries.
2. Prioritize Quality and Brand Integrity
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010826/image-1-1024x585.png" alt="" class="wp-image-316675" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010826/image-1-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010826/image-1-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010826/image-1-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010826/image-1-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01010826/image-1.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Nothing is more important than quality and integrity of an organization, Image Generated Via Dall-E</figcaption></figure>
This is of utmost importance. In fact, Iger emphasizes that nothing is more important than the quality and integrity of an organization's people and its product. He insists that a company must uphold high ethical standards in every aspect, regardless of scale, as its success hinges upon them. Summarizing his viewpoint, Iger states, &#8220;The way you do anything is the way you do everything.&#8221;
3. Lead with Optimism and Courage
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012234/image-1-1-1024x585.png" alt="" class="wp-image-316680" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012234/image-1-1-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012234/image-1-1-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012234/image-1-1-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012234/image-1-1-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012234/image-1-1.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Optimism is a paramount leadership quality, according to Iger, Image Generated Via Dall-E</figcaption></figure>
Iger regards optimism as one of the paramount qualities of effective leadership. He defines optimism as a pragmatic enthusiasm for what can be achieved. According to Iger, even when faced with tough decisions and less-than-ideal results, an optimistic leader refuses to succumb to pessimism. In essence, Iger believes that pessimists fail to motivate or energize others.
4. Fairness And Decency are Vital
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012245/image-1-2-1024x585.png" alt="" class="wp-image-316681" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012245/image-1-2-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012245/image-1-2-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012245/image-1-2-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012245/image-1-2-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012245/image-1-2.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Empathy and accessibility are important for effective leadership, Image Generated Via Dall-E</figcaption></figure>
According to Iger, effective leadership involves treating people with fairness and decency, emphasizing the importance of empathy and accessibility. Consistent with this principle, Iger believes that individuals who make genuine mistakes should be given opportunities for redemption. Furthermore, he stresses the significance of avoiding harsh judgment, as it fosters a culture of fear that stifles communication and innovation.
5. Commit to Decisive and Ethical Leadership
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012300/image-3-1024x585.png" alt="" class="wp-image-316682" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012300/image-3-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012300/image-3-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012300/image-3-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012300/image-3-1536x878.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01012300/image-3.png 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Decisiveness should be paired with a strong ethical foundation, according to Iger — Image Generated Via Dall-E</figcaption></figure>
Decisiveness, paired with a strong ethical foundation, is what Iger attributes much of his success to. He believes that in making decisions, especially tough ones, a leader must not only consider the immediate benefits but also the long-term impact on stakeholders and the community. Iger contends that persistent indecisiveness is ineffective, hampers productivity, and severely undermines morale.
Read Next: <a href="https://www.benzinga.com/news/24/04/38508828/edward-snowden-releases-genie-out-of-the-bottle-his-ongoing-poll-shows-people-want-neither-trump-nor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Edward Snowden Releases &#8216;Genie&#8217; Out Of The Bottle, His Ongoing Poll Shows People Want &#8216;Neither Trump Nor Biden&#8217;</a>
Bob Iger Photo by DFree on Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

General

Bob Iger Started As A Nobody At ABC For $150 A Week And Rose To Become Disney CEO: 5 Lessons From His Incredible Journey That Can Help Advance Your Career

Contracts

Jacobs Won A Contract From Brightline West For Final Design Of The Nevada Rail Segment

TD Cowen analyst Joseph Giordano maintains Zebra Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) with a Buy and raises the price target from $300 to $375.

Price Target

Analyst Ratings

ZBRA

TD Cowen Maintains Buy on Zebra Technologies, Raises Price Target to $375

International Business Machines Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has reportedly triumphed in a legal battle, overturning $1.6 billion in damages awarded to&nbsp;BMC Software Inc. in 2022.&nbsp;
The dispute stemmed from&nbsp;IBM&#8217;s implementation of&nbsp;its&nbsp;own&nbsp;software while servicing their shared client,&nbsp;AT&amp;T Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>).
The U.S. 5th Circuit Court of Appeals ruled in favor of IBM, nullifying one of the largest-ever judgments in a commercial dispute, according to a report from&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-30/ibm-gets-1-6-billion-poaching-award-to-bmc-thrown-out-on-appeal?srnd=technology-vp&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Judges found that IBM lawfully acquired AT&amp;T&#8217;s mainframe software account without breaching agreements with BMC.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38465075/whats-going-on-with-ibm-stock-amid-expansion-in-canada" rel="noreferrer noopener">IBM Signs Agreements With The Government Of&nbsp;Canada&nbsp;</a>
Houston-based BMC sued IBM in 2017, alleging&nbsp;<a target="_blank" href="https://www.yahoo.com/video/court-orders-ibm-pay-1-165712912.html" rel="noreferrer noopener">violation&nbsp;</a>of a no-poach agreement.
The appeals court judges agreed that AT&amp;T&#8217;s decision to switch software was independent of IBM&#8217;s influence.
The case is BMC Software v. IBM, 22-20463, U.S. Fifth Circuit Court of Appeals (New Orleans).
IBM stock has gained more than 31% in the past 12 months. Investors can gain exposure to IBM via&nbsp;First&nbsp;Trust Morningstar Dividend Leaders Index Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDL#NYSE">FDL</a>) and&nbsp;First Trust NASDAQ Technology Dividend Index Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>).
Price Action: IBM shares are trading lower by 0.45% at $165.46 in premarket at&nbsp;the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38421190/ibm-ceo-arvind-krishna-teams-up-with-nvidia-to-accelerate-clients-ai-journeys-amid-1b-in-bookings" target="_blank" rel="noreferrer noopener">IBM CEO Arvind Krishna Teams Up With Nvidia &#8216;To Accelerate Clients&#8217; AI Journeys&#8217; Amid $1B In Bookings</a>
Credit: Shutterstock

Equities

Legal

Media

First Trust Morningstar Dividend Leaders Index Fund

TDIV

IBM Emerges Victorious In $1.6B Legal Battle: Report

2024&nbsp;OUTLOOK
Our 2024&nbsp;guidance&nbsp;is as follows:
<ul>
<li>Domestic Coke total production is expected to be approximately 4.1 million tons</li>
<li>Consolidated Net Income is expected to be between&nbsp;$67 million&nbsp;and&nbsp;$84 million</li>
<li>Consolidated Adjusted EBITDA is expected be between&nbsp;$240 million&nbsp;and&nbsp;$255 million</li>
<li>Capital expenditures are projected to be between&nbsp;$75 million&nbsp;and&nbsp;$80 million</li>
<li>Operating cash flow is estimated to be between&nbsp;$185 million&nbsp;to&nbsp;$200 million</li>
<li>Cash taxes are projected to be between&nbsp;$20 million&nbsp;to&nbsp;$25 million</li>
</ul>

Earnings

Guidance

SunCoke Energy Expects 2024 Net Income $67M-$84M, Capex $95M, Operating Cash Flow $75M-$80M, Adj. EBITDA Of $240M-$255M, Domestic Coke Total Production Of ~4.1M Tons

Cryptocurrency markets <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38533211/bitcoin-ethereum-dogecoin-closing-april-with-heavy-losses-slide-below-60k-causes-over-380m">continue to bleed</a>, with the FOMC meeting and poor ETF performances in the U.S. and Hong Kong weighing heavy on the markets.
What Happened: Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) started May with heavy losses. 
Prices as of 7.30 a.m. Eastern Time:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-5.9%</td>
<td>$57,500</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>-4.5%</td>
<td>$2,882.07</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>-5.7%</td>
<td>$120.97</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>-8.5%</td>
<td>$0.124</td>
</tr>
</tbody>
</table>
</figure>
At the time of writing, total crypto liquidations in the past 24 hours stand at $447.3 million, with $377 million worth of long positions liquidated. $142.5 million worth of long positions on Bitcoin were liquidated.
Total trading volumes in the past 24 hours increased by 49.6% to $103.6 billion, while Bitcoin trading volumes in the past 24 hours increased by 61.3%.
Top Losers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Arweave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AR</a>)</td>
<td>-18.6%</td>
<td>$27.7</td>
</tr>
<tr>
<td>Stacks (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>)</td>
<td>-13.8%</td>
<td>$2.0</td>
</tr>
<tr>
<td>Pepe(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>-12.8%</td>
<td>$0.000006126</td>
</tr>
</tbody>
</table>
</figure>
Santiment <a href="https://twitter.com/santimentfeed/status/1785183439286882449">data</a> suggests that traders should watch for a spike in volume as a potential turnaround signal for a market-wide rally heading into May. However, it&#8217;s worth noting that Bitcoin&#8217;s trading volume has dropped by 60%-65% since its peak in late February.
InvestAnswers, a popular trader, <a href="https://twitter.com/invest_answers/status/1785605068030660824">pointed out</a> that despite the drop and massive ETF selling, a whale accumulated 1,200 BTC worth $68 million, which is three times the daily issuance. The trader also noted that a typical bull run has two 20-30% dips, and the current 23% retrace from all-time high levels is not unusual.
Heavily followed trader, InvestAnswers <a href="https://twitter.com/invest_answers/status/1785605068030660824">noted</a> in his latest tweet that despite the drop and massive ETF selling, a whale accumulated 1,200 BTC for a whopping $68 million which is 3x the daily issuance.&nbsp; He also adds that a typical bull run has two 20-30% dips and the current 23% retrace is just 23% from all-time high levels.
IntoTheBlock data highlights that transactions greater than 100,000 surged from 8,519 on April 29 to 11,160 on April 30, with large transaction volumes widening by 21.3% to 57.4 billion.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38528542/bitcoin-dogecoin-shiba-inu-pumped-after-the-last-fomc-meeting-will-history-repeat-on-wedne">Bitcoin, Dogecoin, Shiba Inu Pumped After The Last FOMC Meeting—Will History Repeat On Wednesday?</a>
Analyst Notes: Technical analyst Crypto Con noted they are patiently waiting for Bitcoin to retest its 20-week EMA, now at $57,137, as the last retest was in January 2023. They point out that it is "good for price to revisit this moving average every few months so it is not parabolic" and that 2015 to 2017 saw eight such retests.
<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">Still patiently waiting on a potential <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> retest of the 20-week EMA now at $57,137. The last retest was in January 2023, and it is good for price to revisit this moving average every few months so it is not parabolic (see blue curves). The only reason this would not hold… <a href="https://t.co/3gnwY3ipyR">pic.twitter.com/3gnwY3ipyR</a>
&mdash; CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1785371694107889710?ref_src=twsrc%5Etfw">April 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Rekt Capital <a href="https://twitter.com/rektcapital/status/1785590508288389203">sees</a> this drop as "officially the deepest retrace in the cycle (-23.6%)." Another crypto trader, Captain Faibik, <a href="https://twitter.com/CryptoFaibik/status/1785512569546920310">sees</a> Bitcoin moving inside the Bullish Flag Pattern while the daily RSI is below the multi-month trendline. He expects Bitcoin to bounce back to $68,000 in the upcoming days.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38540161/is-bitcoin-heading-for-a-dip-ahead-of-fomc-analyst-predicts-potential-cascade-towar">Is Bitcoin Heading For A Dip Ahead Of FOMC? Analyst Predicts Potential &#8216;Cascade Towards $55-58K&#8217; Before Rebound</a>

$BTC

$DOGE

$ETH

$PEPE

$SOL

$STX

Bitcoin Plummets Below $58K, ETH, SOL, DOGE Follow: Over $400M Liquidated In 'Deepest Retrace In The Cycle'

SunCoke Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.21 by 9.52 percent. This is a 21.05 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $488.400 million which beat the analyst consensus estimate of $457.850 million by 6.67 percent. This is a 0.12 percent increase over sales of $487.800 million the same period last year.

Earnings Beats

SunCoke Energy Q1 2024 GAAP EPS $0.23 Beats $0.21 Estimate, Sales $488.400M Beat $457.850M Estimate

Argus Research analyst John Staszak downgrades Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) from Buy to Hold.

Downgrades

Argus Research Downgrades Boyd Gaming to Hold

Biotech

Health Care

RGEN

Repligen Reaffirms 2024 Adjusted EPS Guidance Of $1.42-$1.49 Versus Consensus Of $1.46

BMO Capital analyst Andrew Strelzik maintains McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) with a Outperform and lowers the price target from $335 to $330.

BMO Capital Maintains Outperform on McDonald's, Lowers Price Target to $330

PPL Reaffirms 2024 Adj EPS Forecast Range Of $1.63-$1.75 With Midpoint Of $1.69; Est $1.70

REAX

The Real Brokerage Announced That Village Premier Collection Joined The Company Under Its Recently Launched Private Label Program

Repligen Reaffirms 2024 Sales Guidance Of $620M-$650M Versus Consensus Of $637.79M

Argus Research analyst David Coleman downgrades Bread Finl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BFH#NYSE">BFH</a>) from Buy to Hold.

Argus Research Downgrades Bread Finl Hldgs to Hold

Clean Habors Sees FY24 Adj. EBITDA $1.1B-$1.15B; Net Income $376M-$419M

Clean Harbors Sees Q2 2024 Adj. EBITDA To Grow 7%-8%

Baird analyst David Rodgers maintains Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) with a Neutral and lowers the price target from $137 to $117.

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Latest News for Arrow Investments Trust Arrow DWA Tactical ETF (BATS:DWAT)

Tuesday, March 03, 2015