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The United States became the first nation to withdraw from the Paris climate agreement on Wednesday.

The Paris Agreement is a 2015 United Nations deal to reduce greenhouse gas emissions with 196 signatories.  

US Formally Withdraws From Paris Climate Agreement

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2 More ESG ETFs Enter A Growing, Competitive Fray

IQ Candriam U.S. Large Cap Equity ETF

Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his gratitude for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as an investment, just as shareholders are set to vote on CEO Elon Musk&#8217;s $56 billion pay package.
What Happened: Gerber, in an interview with CNBC&#8217;s Last Call, stated, &#8220;I&#8217;m super grateful for Tesla as an investment.&#8221; He added, &#8220;For me, it&#8217;s not whether he deserves it or not. It&#8217;s whether this board of directors can have any credibility.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"I'm super grateful for Tesla as an investment," says <a href="https://twitter.com/GerberKawasaki?ref_src=twsrc%5Etfw">@GerberKawasaki</a> as <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> shareholders prepare to vote whether to reinstate <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>'s $56B pay package. "For me, it's not whether he deserves it or not. It's whether this board of directors can have any credibility." <a href="https://t.co/47JxiCBG5u">pic.twitter.com/47JxiCBG5u</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1780737598920487111?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
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The shareholders are set to vote on the reinstatement of Musk&#8217;s $56 billion pay package. This comes after the board invalidated Musk&#8217;s previous $47 billion pay package, <a href="https://www.benzinga.com/news/24/04/38288360/breaking-tesla-shareholders-to-vote-again-on-ceo-elon-musks-voided-47b-pay-package">leading to a re-vote</a>. The new vote is set to take place on May 7.
On Feb. 13, Ross Gerber's investment firm, Gerber Kawasaki Wealth &amp; Investment Management, reported owning 377,918 shares of Tesla, which is a 5.09% decrease from their previous ownership, <a href="https://fintel.io/so/us/tsla/gerber-kawasaki-wealth-investment-management" target="_blank" rel="noreferrer noopener">according</a> to Fintel.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38243353/wow-elon-musk-reacts-to-reminder-of-how-tesla-bulls-optimistic-2021-rivian-predicti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Wow:&#8217; Elon Musk Stunned By Reminder Of How Tesla Bull&#8217;s Optimistic 2021 Rivian Prediction &#8216;Didn&#8217;t Age Well&#8217;</a>
Why It Matters: The shareholders&#8217; vote on Musk&#8217;s pay package is a significant event for Tesla, especially considering the recent <a href="https://www.benzinga.com/markets/equities/24/04/38284411/tesla-investor-ross-gerber-says-hes-skeptic-of-elon-musks-management-style-as-cybertruck-deliver">challenges the company has faced</a>. The outcome of this vote could have a substantial impact on the company&#8217;s future and Musk&#8217;s position within it.
Gerber&#8217;s statement comes in the wake of his recent criticism of Musk&#8217;s management style, particularly in light of the <a href="https://www.benzinga.com/markets/equities/24/04/38284411/tesla-investor-ross-gerber-says-hes-skeptic-of-elon-musks-management-style-as-cybertruck-deliver">Cybertruck delivery delays</a>. He has also been vocal about the impact of Musk&#8217;s behavior on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38062930/ross-gerber-blames-elon-musks-toxic-behavior-for-ev-makers-crappy-q1-sales-calls-fo">Tesla&#8217;s Q1 sales</a>. Despite these concerns, Gerber&#8217;s recent statement reflects his appreciation for the returns generated by Tesla as an investment.
Despite the recent criticisms, Gerber&#8217;s gratitude for Tesla&#8217;s returns highlights the company&#8217;s continued financial success, which could influence the shareholders&#8217; decision on Musk&#8217;s pay package.
Read Next: <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned &#8216;Complex And Inefficient&#8217;</a>
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Tesla Board's Credibility At Stake With $56B Elon Musk Pay Package Vote, Says Ross Gerber: 'Super Grateful For Tesla As An Investment'

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Reported Earlier, Australia Unemployment Rate For March 3.8% Vs. 3.9% Est.; 3.7% Prior

Reported Earlier, Australia Full Employment Change For March 27.9K Vs. 78.2K Prior

Reported Earlier, Australia Employment Change For March -6.6K Vs. 7.2K Est.; 117.6K (Revised) Prior

Editor's Note: This story has been updated to include the response from Google&#8217;s spokesperson regarding employee termination and Project Nimbus.
Following protests over its Israeli government cloud contract, Google&#8216;s parent company Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) has terminated 28 employees. This decision comes after nine workers were initially suspended and then arrested.
What Happened: The employees were fired after participating in sit-in protests at Google&#8217;s New York and California offices. The protests were against Google&#8217;s involvement in Project Nimbus, a $1.2 billion Israeli government cloud contract that also includes Amazon.com Inc, <a href="https://www.theverge.com/2024/4/17/24133700/google-fires-28-employees-protest-israel-cloud-contract">reported</a> The Verge citing an internal memo.
The terminated employees were involved in a protest at the office of Google Cloud CEO Thomas Kurian, which led to their forcible removal by law enforcement. This incident follows the firing of another employee for protesting the contract during a company presentation in Israel.
In a memo to all employees, Chris Rackow, Google&#8217;s head of global security, stated that such behavior has no place in the workplace and will not be tolerated. He also warned that the company would take further action if necessary.
"The overwhelming majority of our employees do the right thing. If you're one of the few who are tempted to think we're going to overlook conduct that violates our policies, think again. The company takes this extremely seriously, and we will continue to apply our longstanding policies to take action against disruptive behavior — up to and including termination," said Rackow. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38243353/wow-elon-musk-reacts-to-reminder-of-how-tesla-bulls-optimistic-2021-rivian-predicti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Wow:&#8217; Elon Musk Stunned By Reminder Of How Tesla Bull&#8217;s Optimistic 2021 Rivian Prediction &#8216;Didn&#8217;t Age Well&#8217;</a>
The &#8220;No Tech for Apartheid&#8221; group, which organized the protests, labeled Google&#8217;s firings as a &#8220;flagrant act of retaliation.&#8221; The group claimed that they have not received any response from Google executives despite organizing against Project Nimbus for three years.
"These protests were part of a longstanding campaign by a group of organizations and people who largely don't work at Google. A small number of employee protesters entered and disrupted a few of our locations. Physically impeding other employees&#8217; work and preventing them from accessing our facilities is a clear violation of our policies, and completely unacceptable behavior. After refusing multiple requests to leave the premises, law enforcement was engaged to remove them to ensure office safety. We have so far concluded individual investigations that resulted in the termination of employment for 28 employees, and will continue to investigate and take action as needed," said Google spokesperson, in an email response to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>.
&#8220;We have been very clear that the Nimbus contract is for workloads running on our commercial cloud by Israeli government ministries, who agree to comply with our <a href="https://cloud.google.com/terms" target="_blank" rel="noreferrer noopener">Terms of Service</a> and<a href="https://cloud.google.com/terms/aup" target="_blank" rel="noreferrer noopener"> Acceptable Use Policy</a>. This work is not directed at highly sensitive, classified, or military workloads relevant to weapons or intelligence services," the spokesperson added. 
Why It Matters: This incident follows a series of events related to Google&#8217;s Project Nimbus. A day before, several Google employees were <a href="https://www.benzinga.com/markets/equities/24/04/38299326/several-google-employees-arrested-in-protest-over-1-2b-israel-contract-report">arrested and placed on administrative leave</a> after staging sit-ins at the company&#8217;s offices in New York and California to protest the $1.2 billion cloud contract with Israel.
These protests have drawn attention from prominent figures, with venture capitalist Marc Andreessen and Tesla Inc CEO Elon Musk <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies">criticizing Google&#8217;s handling</a> of the situation. 
The ongoing conflict over the Israeli contract has also coincided with a period of heightened tensions between Israel and Iran, with a recent <a href="https://www.benzinga.com/news/24/04/38240360/what-a-full-blown-war-between-israel-and-iran-could-entail-according-to-one-report">escalation of missile and drone attacks</a> by Iran on Israel.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38234990/jeff-bezos-fianc-e-lauren-s-nchez-turns-heads-at-white-house-state-dinner-in-2-3k-dress-but?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">White House Protocol Breach? Jeff Bezos&#8217; Fiancée Lauren Sánchez&#8217;s $2,300 Gown At State Dinner Sparks Debate</a>
Photo by Arthur Osipyan on Unsplash
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 Benzinga Neuro, Edited by 
 
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 Kaustubh Bagalkote</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
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Google Reportedly Fires 28 Staff Members Over Israel Cloud Contract Protests: 'Majority Of Our Employees Do The Right Thing'

Chris Vermeulen, Chief Investment Officer (CIO) of Technical Traders, suggests that this could result in a bear market and a challenging &#8220;reset&#8221; that might adversely affect returns for years to come.
What Happened: Vermeulen highlighted the recent surge in defensive assets such as precious metals, energy stocks, and industrial stocks, in an <a href="https://www.youtube.com/watch?v=eLVbEbIgcfg">interview</a> with Bloomberg on Tuesday. 
These sectors typically perform well in the late stages of a bull market, signaling an impending bear market or financial reset.
The CIO predicted that investors could face significant stock losses, with wealth potentially decreasing by 30%-50% over the next year. He also suggested that this reset could coincide with a recession, particularly indicated by industrial stocks, which have been hitting all-time highs.
&#8220;I think we&#8217;re coming into a major market top, more or less a financial reset,&#8221; Vermeulen said in the interview. &#8220;It&#8217;s short-term, temporarily painful. But we need markets to reset. We need regular pullbacks and corrections in order for the market to keep going up.&#8221; 
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38281470/the-court-case-that-could-change-the-cannabis-industry-forever-and-how-it-affects-rescheduling?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">The Court Case That Could Change The Cannabis Industry Forever And How It Affects Rescheduling</a>
Vermeulen expressed concern that U.S. firms may not be aware that the end of an economic growth cycle is approaching, and the industrial sector could soon start to slow down. 
These warnings come amid ongoing concerns about a potential recession, with the New York Fed estimating a 58% chance of the economy tipping into a recession by March of next year.
Why It Matters: Despite Vermeulen&#8217;s warnings, some experts remain optimistic about the stock market&#8217;s future. For instance, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284811/wall-street-experts-dismiss-rate-cut-fears-middle-east-tensions-predict-bull-market">Wall Street veterans</a> have dismissed recent concerns, citing a robust U.S. economy and the potential of artificial intelligence (AI) as key drivers for the market&#8217;s continuation.
Similarly, the stock market&#8217;s long-term bull rally, now in its 11th year, is <a href="https://www.benzinga.com/markets/equities/24/03/37926504/stock-market-could-rally-another-34-by-2026-says-bank-of-america">predicted to continue</a>, with the S&amp;P 500 potentially surging by 34% by the end of 2026. 
However, some analysts, such as those at Ned Davis Research (NDR), have <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37640416/stock-market-could-be-on-brink-of-a-correction-says-analyst-who-doesnt-expect-a-bea">cautioned that the current market conditions</a> could lead to a correction, making it vulnerable to potential corrections due to prolonged market enthusiasm.
Meanwhile, CNBC host Jim Cramer has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37640416/stock-market-could-be-on-brink-of-a-correction-says-analyst-who-doesnt-expect-a-bea">outlined potential factors</a> that could lead to a further market decline, advising investors to be cautious about their buying and selling decisions.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38293168/macro-guru-raoul-pal-says-80-of-his-crypto-investment-is-in-this-ethereum-rival-and-i-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Macro Guru Raoul Pal Says 80% Of His Crypto Investment Is In This Ethereum Rival: &#8216;And I Have 1% In Stupid S&#x2A;&#x2A;t Like Dogwifhat, Dogecoin And Bonk&#8217;</a>
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 Benzinga Neuro, Edited by 
 
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 Kaustubh Bagalkote</a> 
 
 
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Stock Market 'Reset' Ahead, Warns Technical Traders: 'We're Coming Into A Major Market Top'

IncomeSharks, a crypto analyst, has predicted the future of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price. According to the forecast, the cryptocurrency could experience a significant drop below the $60,000 mark before potentially witnessing a &#8216;hate halving rally.&#8217;
What Happened: IncomeSharks took to X to share its forecast. The analyst suggested that Bitcoin might dip below the $60,000 level, which could prompt panic selling. The analyst believes that this would be a necessary step to clear out the remaining holders who are relying on the support to hold. 
&#8220;#Bitcoin &#8211; Still think we break and close below $60k to get another round of panic sellers gone. People probably still holding thinking support is holding. We need to break them first. Then we can get a hate halving rally,&#8221; the analyst said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> &#8211; Still think we break and close below $60k to get another round of panic sellers gone. People probably still holding thinking support is holding. We need to break them first. Then we can get a hate halving rally. <a href="https://t.co/LHrQhMJwgA">pic.twitter.com/LHrQhMJwgA</a>
&mdash; IncomeSharks (@IncomeSharks) <a href="https://twitter.com/IncomeSharks/status/1780750451140694412?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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IncomeSharks&#8217; prediction comes at a crucial time, just days before the upcoming <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299086/bitcoin-halving-in-3-days-what-to-expect-from-btc-this-week-and-in-2024">Bitcoin halving event</a>. This process, which occurs approximately every four years, is designed to introduce anti-deflationary features to Bitcoin. Historically, this event has led to a surge in the cryptocurrency&#8217;s price.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274831/elon-musk-teases-dogecoin-tweet-but-doge-fails-to-rally-from-20-weekly-correction?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Teases Dogecoin Tweet But DOGE Fails To Rally From 20% Weekly Correction</a>
Why It Matters: The upcoming Bitcoin halving event has been a topic of intense speculation. Many analysts and investors are closely watching to see how this event will impact the market. Some experts believe that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38288999/exclusive-how-the-bitcoin-halving-could-transform-the-market">halving could transform the market</a> and lead to a significant price increase.
The analyst&#8217;s prediction aligns with the recent market volatility. Ali Martinez, another crypto analyst, highlighted the $62,000 level as a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284030/bitcoin-hinges-on-this-key-support-level-says-analyst-could-significantly-boost-the">critical support zone for Bitcoin</a>. Failure to maintain this level could shift focus to the next significant demand area, around $51,500. However, Martinez also pointed out a potential trigger for a bullish trend. If Bitcoin manages to climb back above $66,250, it could significantly boost the chances of a resurgence in the market.
Meanwhile, notable financial commentator Jim Cramer recently advised against investing in Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306296/jim-cramer-says-just-go-buy-ethereum-or-bitcoin-instead-of-marathon-digital-lets-not-fool-">company involved in Bitcoin mining</a>, and instead recommended Bitcoin or Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) as alternatives. 
Price Action:&nbsp;Bitcoin is currently trading at $61,562, showing a 0.48% increase in the last 24 hours and a notable 39.37% gain year to date, according to data&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274582/shiba-inu-down-20-on-the-week-but-these-proven-milestones-could-lead-to-massive-bull-marke?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Down 20% On The Week, But: These &#8216;Proven Milestones&#8217; Could Lead To &#8216;Massive Bull Market,&#8217; Touts</a>
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 Kaustubh Bagalkote</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
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MARA

Bitcoin Could Potentially Dip Below $60K Before 'Hate Halving Rally,' Says Crypto Analyst

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has the potential to see its stock price surge by 81% in the next year, according to a recent note by Evercore ISI.
What Happened: Evercore ISI initiated Nvidia with an &#8220;Outperform&#8221; rating and set a price target of $1,160, representing a 36% potential upside from the current levels, <a href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-prediction-ai-ecosystem-potential-fully-realized-2024-4">reported</a> Business Insider. 
In a bullish scenario, the firm suggested that the stock could potentially reach $1,540, an 81% increase from the current levels.
The note highlighted Nvidia&#8217;s position as a leader in the AI ecosystem, a role that is expected to drive efficiency gains for years to come. 
Evercore ISI&#8217;s Mark Lipacis believes that Nvidia&#8217;s AI ecosystem play could capture 80% of the value created during its respective computing era, with the potential to dominate the parallel processing market by 2030, a market that could be worth more than $350 billion.
&#8220;We think investors underestimate 1) the importance of the chip+hardware+software ecosystem that Nvidia has created, 2) that computing eras last 15-20 years and are typically dominated by a single vertically integrated ecosystem company, whose returns are measured in 100-to-1000 bagger range,&#8221; Lipacis said.
&#8220;We believe that the Tectonic Shift to the current Parallel Processing / IoT Computing Era started 5-to-8 years ago, and that NVDA is the dominant ecosystem play in parallel processing, which is only in the beginning phases of generating outsized returns for its investors,&#8221; Lipacis said.  
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Why It Matters: Nvidia has been making strategic moves to solidify its position in the AI chip market. In response to U.S. sanctions, the company has <a href="https://www.benzinga.com/government/24/04/38267102/intel-and-nvidia-reveal-new-products-for-china-adapt-ai-chip-strategies-in-response-to-us-sanctions">revealed new products for China</a>, aiming to launch two AI chips with diminished capabilities to comply with the sanctions. This move could potentially open up new avenues for growth in the Chinese market.
Analysts have also been bullish on Nvidia&#8217;s future prospects. Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Nvidia, citing <a href="https://www.benzinga.com/news/24/04/38257652/nvidias-hopper-demand-and-blackwell-launch-position-makes-it-a-top-large-cap-pick-analysts">strong demand for the company</a>&#8216;s Hopper chips and the upcoming Blackwell launch as key factors driving future growth.
Despite recent market dips, market commentator Jim Cramer has maintained his <a href="https://www.benzinga.com/markets/equities/24/04/38175804/jim-cramer-stands-by-nvidia-and-eli-lilly-despite-market-dips-says-terrific-time-to-take-some-pr">confidence in Nvidia</a>, noting that the stock still holds significant growth potential.
Read Next: <a href="https://www.benzinga.com/news/24/04/38286752/elon-musk-reacts-as-marc-andreessen-says-google-is-literally-run-by-employee-mobs-with-chinese-spies?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As Marc Andreessen Says Google Is &#8216;Literally Run By Employee Mobs&#8217; With &#8216;Chinese Spies&#8217; Scooping Up AI Chip Designs</a>
Image Via Shutterstock 
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NVDA

Nvidia Stock Could See 81% Upside By 2025, Says Evercore ISI: 'Only In The Beginning Phases Of Generating Outsized Returns'

In a recent episode of &#8220;Mad Money,&#8221; host Jim Cramer advised against investing in Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and instead recommended Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) or Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
What Happened: Cramer, in his &#8220;Lightning Round&#8221; segment, discouraged viewers from purchasing Marathon Digital, a company involved in Bitcoin mining, <a href="https://www.cnbc.com/2024/04/17/cramers-lightning-round-ethereum-or-bitcoin-instead-of-marathon-digital.html">reported</a> CNBC. He suggested that investors consider Bitcoin or Ethereum as alternatives.
"If you want to own Marathon Digital, just go buy either Ethereum or buy Bitcoin, ok. Let's not fool around," Cramer said. 
Marathon Digital&#8217;s stock has experienced a tumultuous period, with its value dropping by over 20% in the past month. This decline is attributed to the overall volatility in the cryptocurrency market.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38284285/netflix-amc-united-airlines-wisa-technologies-tesla-why-these-5-stocks-are-on-investors-radars-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">NFLX, AMC,UAL, WISA, TSLA: Top Trending Stocks Today</a>
Why It Matters: Cramer&#8217;s advice aligns with the current state of the crypto market. On Tuesday, cryptocurrency analyst Ali Martinez <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284030/bitcoin-hinges-on-this-key-support-level-says-analyst-could-significantly-boost-the">highlighted the importance</a> of Bitcoin&#8217;s $62,000 support level. Failure to maintain this level could shift focus to the next significant demand area, approximately $51,500. Conversely, a climb back above $66,250 could significantly boost the chances of a resurgence in the market.
Despite concerns about the crypto market, Wall Street experts remain <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284811/wall-street-experts-dismiss-rate-cut-fears-middle-east-tensions-predict-bull-market">confident in the bull market</a>&#8216;s continuation. They cite a robust U.S. economy and the potential of artificial intelligence (AI) as key drivers.
On the broader market front, Cramer has also <a href="https://www.benzinga.com/markets/equities/24/04/38306086/jim-cramer-explains-what-could-trigger-further-market-decline-if-you-want-to-get-out-go-ahead">outlined potential factors</a> that could lead to further market decline, advising investors to be cautious about their buying and selling decisions. His recent advice regarding Marathon Digital is in line with his cautious approach to the current market conditions.
Price Action: While Marathon Digital Holdings closed at $14.63 on Wednesday, marking a modest 0.21% increase, the stock has experienced a significant decline of 36.20% year to date. In contrast, Bitcoin is currently trading at $61,562, showing a 0.48% increase in the last 24 hours and a notable 39.37% gain year to date. Ethereum, on the other hand, is trading at $3,000, with a 0.61% increase in the past 24 hours and a solid 27.54% gain year to date, according to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38293168/macro-guru-raoul-pal-says-80-of-his-crypto-investment-is-in-this-ethereum-rival-and-i-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Macro Guru Raoul Pal Says 80% Of His Crypto Investment Is In This Ethereum Rival: &#8216;And I Have 1% In Stupid S&#x2A;&#x2A;t Like Dogwifhat, Dogecoin And Bonk&#8217;</a>
Image Via Shutterstock 
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Jim Cramer Says Just Go Buy Ethereum Or Bitcoin Instead Of Marathon Digital: 'Let's Not Fool Around'

Social media personality Topdoge recently speculated on the potential for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) to reach a $500B market cap, reminiscent of Ethereum&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) previous bull run.
What Happened: On Wednesday, Topdoge shared an analysis on X, formerly Twitter, comparing Dogecoin&#8217;s potential growth to Ethereum&#8217;s 2020 bull run. If Dogecoin were to hit a $500B market cap, the cryptocurrency&#8217;s value would be around $4.20, according to Topdoge&#8217;s calculations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dogecoin 2024 &#x1f436; vs Ethereum 2020 &#x1f4c8; Just did the math. If Dogecoin hits $500B market cap like Ethereum hit last bull run it will put Dogecoin right up around $4.20 &#x1f440; Remember when Elon Musk said that "fate loves irony" I don't think that he was joking. <a href="https://t.co/csg3X7s10x">pic.twitter.com/csg3X7s10x</a>
&mdash; 
</blockquote></div></figure>

$DOGE

Dogecoin Could Make Elon Musk's 'Fate Loves Irony' Comment Come True If It Flips Ethereum's Market Cap At Last Bull Run, Says This Crypto Influencer

Elon Musk has raised concerns about the potential dangers of super-powerful artificial intelligence (AI) on social media platform X.
What Happened: Musk, the CEO of Tesla Inc and SpaceX, reacted to a post by venture capitalist Marc Andreessen on Wednesday, warning of the &#8220;civilization-level risks&#8221; posed by super-powerful AI.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Super-powerful AI programmed in this way has severe civilization-level risk <a href="https://t.co/uQEjDobhzK">https://t.co/uQEjDobhzK</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1780767530963042730?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
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Andreessen&#8217;s post highlighted the influence of individuals who determine what can be accessed online and are currently shaping AI. This was in response to a post by Christopher F. Rufo who quoted Katherine Maher, the CEO of NPR.
Maher highlighted that &#8220;the number one challenge&#8221; in combating disinformation is the First Amendment in the United States, which complicates efforts to censor &#8220;bad information&#8221; and &#8220;influence peddlers&#8221; who propagate it.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">EXCLUSIVE: Katherine Maher says the &quot;the number one challenge&quot; in her fight against disinformation is &quot;the First Amendment in the United States,&quot; which makes it &quot;a little bit tricky&quot; to censor &quot;bad information&quot; and &quot;the influence peddlers&quot; who spread it. NPR&#39;s censor-in-chief. <a href="https://t.co/0vY6hIpbmO">pic.twitter.com/0vY6hIpbmO</a>
&mdash; Christopher F. Rufo &#x2694;&#xFE0F; (@realchrisrufo) <a href="https://twitter.com/realchrisrufo/status/1780597079439446250?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/04/38243189/elon-musk-reacts-to-his-21-year-old-profile-calling-tesla-ceo-the-six-million-dollar-man-feels-like?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To His 21-Year-Old Profile Calling Tesla CEO &#8216;The Six Million Dollar Man:&#8217; &#8216;Feels Like Aeons Ago&#8217;</a>
Why It Matters: Musk&#8217;s recent warnings about the potential dangers of AI are particularly significant given his prominent role in the development and implementation of this technology. His concerns add to the ongoing debate about the ethical and societal implications of AI, especially as it becomes increasingly integrated into various aspects of our lives.
These remarks by Musk follow his recent comments about the potential dangers of AI. Just a day before, he warned about the <a href="https://www.benzinga.com/news/24/04/38265325/elon-musk-warns-ais-potential-to-lie-for-political-correctness-poses-threat-to-humanity-would-be-ver">threat posed by AI</a> being trained to lie for political correctness. 
He had also <a href="https://www.benzinga.com/general/24/04/38258816/elon-musk-calls-artificial-intelligence-greatest-potential-breakthrough-in-lifetime-with-caveat-a-sm">previously acknowledged</a> AI as the greatest potential breakthrough in our lifetime, with a caveat that there is a small chance it could &#8220;kill us all.&#8221;
These warnings coincide with <a href="https://www.benzinga.com/news/24/04/38214870/elon-musks-ai-startup-xai-reportedly-seeks-4b-to-challenge-chatgpt-parent-openai-valuation-could-hit">reports earlier this month</a> that Musk&#8217;s AI startup, xAI Corp., is seeking significant funding, potentially amounting to $4 billion. 
Musk had also made some striking predictions about the impact of <a href="https://www.benzinga.com/personal-finance/24/03/37784544/elon-musk-predicts-a-universal-high-income-as-jobs-are-phased-out-and-employment-becomes-obsolet">AI on jobs and income</a>, envisioning a &#8220;universal high income&#8221; as jobs are phased out and employment becomes obsolete.
Read Next: <a href="https://www.benzinga.com/news/24/04/38178568/elon-musk-reacts-to-old-clip-of-apple-co-founder-steve-jobs-saying-theres-a-tremendous-amount-of-cra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts To Old Clip Of Apple Co-Founder Steve Jobs Saying &#8216;There&#8217;s A Tremendous Amount Of Craftsmanship In Between A Great Idea And A Great Product&#8217;</a>
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Social Media

Elon Musk Reacts To NPR CEO's Remarks On Freedom Of Speech: 'Super-Powerful AI Programmed In This Way Has Severe Civilization-Level Risk'

On Wednesday, Cathie Wood-led Ark Invest continued its buying spree of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares, despite the electric vehicle maker&#8217;s stock facing a fourth consecutive session of losses.
The TSLA Trade
Ark Invest, through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), purchased a total of 66,504 shares of Tesla. 
This move comes amidst concerns over Tesla&#8217;s <a href="https://www.benzinga.com/markets/equities/24/04/38284203/cathie-woods-ark-laps-up-3-3m-worth-of-tesla-as-stock-falls-for-3rd-straight-session-sheds-share">potentially disappointing quarter</a> and rumors of a shift in its product pipeline plans. The value of the trade, based on the closing price of $155.45, is approximately $10.34 million. Notably, Tesla was the only trade made on Wednesday by Ark Invest.
Despite the bearish market sentiment, Ark Invest&#8217;s decision to buy Tesla shares aligns with its long-term bullish stance on the company. On Tuesday, Wood-led Ark had lapped up $3.3 million worth of Tesla shares.
The current tranche of share purchases happened after Tesla CEO Elon Musk announced the <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and">removal of inventory discounts</a> on its cars in the U.S., citing the need to simplify the company's complex sales system. 
Musk&#8217;s <a href="https://www.benzinga.com/markets/equities/24/04/38292965/elon-musk-to-jet-off-to-india-ahead-of-teslas-crucial-q1-earnings-eyes-2b-4b-investments-report">upcoming visit to India</a>, where he is expected to announce investments between $2 billion to $3 billion, also adds to the excitement surrounding the company&#8217;s future.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38266510/whats-going-on-with-rivian-automotive-shares-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Rivian Automotive Shares Today?</a>
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ARKK

ARKQ

ARKW

Cathie Wood's Ark Invest Swoops In To Buy $10.3M Worth Of Tesla Shares Amid Downturn In Price

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.
What Happened: Cramer, during his show &#8220;Mad Money,&#8221; on Wednesday, highlighted the possibility of the market continuing its downward trend, CNBC <a href="https://www.cnbc.com/2024/04/17/cramer-explains-what-could-cause-the-market-to-keep-going-down.html">reported</a>. He warned investors against making sudden decisions to buy or sell.
He said, &#8220;If you want to get out, go ahead. But I would say that the time to sell was when the market was going parabolic. The time to buy is when the parabola finishes, comes down dramatically. We don&#8217;t know when that moment will come yet, but at this point, you sure aren&#8217;t buying at the top.&#8221;
The market experienced a decline on Wednesday, with the S&amp;P 500 recording losses for the fourth consecutive session. The day began with a rise in stock prices, but this was followed by a fall, primarily due to losses from major tech companies such as NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Cramer pointed out that many stocks have experienced &#8220;parabolic moves,&#8221; rallying straight up like a parabola and now retracing. He cautioned against aggressive buying, noting that the market is not yet oversold considering its recent performance. He also mentioned that the economy is too strong for the Federal Reserve to consider rate cuts, as some on Wall Street had hoped.
Why It Matters: The recent downturn in the market comes amid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284811/wall-street-experts-dismiss-rate-cut-fears-middle-east-tensions-predict-bull-market">concerns about potential rate cuts</a> and escalating tensions in the Middle East. Despite these worries, many experts believe that the bull market will continue, driven by a robust U.S. economy and the potential of artificial intelligence (AI).
Earlier in March, a leading research firm warned that the stock market could be on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37640416/stock-market-could-be-on-brink-of-a-correction-says-analyst-who-doesnt-expect-a-bea">the verge of a correction</a>, despite the ongoing record-breaking spree. While a bear market was not considered imminent, prolonged market enthusiasm could make it vulnerable to potential corrections.
On a more positive note, the stock market&#8217;s long-term bull rally, now in its 11th year, is <a href="https://www.benzinga.com/markets/equities/24/03/37926504/stock-market-could-rally-another-34-by-2026-says-bank-of-america">expected to continue</a>, with the S&amp;P 500 potentially surging by 34% by the end of 2026, according to Bank of America&#8216;s technical strategist, Stephen Suttmeier.
Read Next: <a href="https://www.benzinga.com/insights/options/24/04/38252799/rivian-automotive-unusual-options-activity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rivian Automotive Unusual Options Activity</a>
Image Via Shutterstock 
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Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

A coalition of bipartisan cannabis advocates, industry leaders and grassroots organizations mobilized by the Last Prisoner Project (LPP) will convene in the nation&#8217;s capital on April 18, 2024, for a 420 Unity Day of Action. This gathering marks a unified effort to pressure Congress and President Biden to enact comprehensive cannabis reform, including legalization, the <a href="https://www.benzinga.com/markets/cannabis/24/04/38101290/gov-healeys-mega-pardon-for-cannabis-possession-unanimously-approved-by-council" target="_blank" rel="noreferrer noopener">liberation</a> of incarcerated individuals and retroactive relief measures.
Mobilizing An Unprecedented Coalition
Led by prominent figures such as Senator Ron Wyden (D-Oregon) and Representative Earl Blumenauer (D-Oregon), the summit aims to rally support across party lines, denouncing the inherent inequities of <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis</a> criminalization. Elected officials and grassroots activists alike will converge on Capitol Hill for a series of strategic engagements, from press conferences to lobbying sessions, amplifying the urgent call for reform.
Over 30 organizations, spanning advocacy groups, industry associations and social justice movements, have pledged their support for the cause. Notable participants include the Drug Policy Alliance (DPA), NORML, Veterans Cannabis Coalition and the National Cannabis Industry Association (NCIA), among others. This diverse coalition underscores the broad societal consensus for ending the punitive legacy of cannabis prohibition.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Enough is enough! Join us tomorrow in Washington D.C. for our <a href="https://twitter.com/hashtag/420UnityDay?src=hash&amp;ref_src=twsrc%5Etfw">#420UnityDay</a> and take action by sending your governor and <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@potus</a> a letter urging further progress towards cannabis justice at <a href="https://t.co/Ogvl8xycAg">https://t.co/Ogvl8xycAg</a> <a href="https://t.co/UwojhTJGbW">pic.twitter.com/UwojhTJGbW</a>
&mdash; Last Prisoner Project (@lastprisonerprj) <a href="https://twitter.com/lastprisonerprj/status/1780376506805457345?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>
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</figure>
<h3 class="wp-block-heading">National Momentum For Change</h3>
Recent developments, including President Biden&#8217;s acknowledgment of cannabis reform <a href="https://www.benzinga.com/markets/cannabis/24/03/37552483/biden-calls-for-cannabis-reform-in-state-of-the-union-a-historic-first-no-one-should-be-jailed-f" target="_blank" rel="noreferrer noopener">during his State of the Union address</a> and ongoing congressional advocacy, have injected fresh momentum into the movement, <a href="https://www.lastprisonerproject.org/congressional-leaders-and-social-justice-advocates-call-for-cannabis-decriminalization-during-cannabis-summit-in-washington-dc" target="_blank" rel="noreferrer noopener">noted</a> a Last Prisoner Project press release. Furthermore, the White House&#8217;s commitment to expanded pardons and congressional efforts to <a href="https://www.benzinga.com/markets/cannabis/24/01/36632145/reschedule-cannabis-or-abolish-the-dea-says-physician-examining-the-50-year-old-trillion-dollar-">reschedule</a> cannabis signal a potential shift in federal policy.
However, despite significant strides in state-level legalization, tens of thousands remain incarcerated for cannabis-related offenses. As federal lawmakers <a href="https://www.benzinga.com/markets/cannabis/24/04/38281470/the-court-case-that-could-change-the-cannabis-industry-forever-and-how-it-affects-rescheduling" target="_blank" rel="noreferrer noopener">contemplate rescheduling cannabis</a>, advocates stress the imperative of full legalization and decriminalization to rectify past injustices and foster equitable access to cannabis.
<h3 class="wp-block-heading">How To Join The Cause</h3>
For those unable to attend the summit, avenues for engagement abound. Supporters are encouraged to reach out to their elected representatives, urging swift action on cannabis reform.
The momentum generated by the 420 Unity Day of Action will extend beyond the summit, culminating in the National Cannabis Festival at the RFK Campus Festival Grounds on April 19th and 20th. Here, advocates will engage in panel discussions and concerts, further advancing the cause of cannabis reform.
Read also: <a href="https://www.benzinga.com/markets/cannabis/24/02/36910583/wu-tang-clan-to-ignite-2024-national-cannabis-festival-a-rally-for-culture-and-reform" target="_blank" rel="noreferrer noopener">Wu-Tang Clan To Ignite 2024 National Cannabis Festival: A Rally For Culture And Reform</a>
As 4/20 approaches and the nation&#8217;s attention turns to Washington, D.C., the cannabis summit heralds a pivotal moment in the quest for justice and equity in cannabis policy.

Cannabis

Events

Cannabis Summit Set To Shake Up Washington DC: Bipartisan Lawmakers, Industry Leaders Rally For Decriminalization On 420 Day Of Action

Wednesday saw U.S. stocks closing on a downward trend, with the Dow Jones Industrial Average dipping 0.1% to 37,753.31, the S&amp;P 500 falling 0.6% to 5,022.21, and the Nasdaq also concluding the day lower by 1.1% at 15,683.37.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)
Taiwan Semiconductor&#8217;s shares dipped by 0.55% to close at $139.03, with an intraday high and low of $142.57 and $137.36 respectively. The company&#8217;s shares traded lower due to ASML Holding N.V. reporting <a href="https://www.benzinga.com/news/24/04/38299207/whats-going-on-with-taiwan-semiconductor-stock">worse than expected</a> results. Taiwan Semiconductor is set to report earnings on Thursday.
Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)
Arm Holdings&#8217; shares fell by 11.99% to close at $107.56. The stock&#8217;s intraday high was $122.68, and the low was $107.01. The shares traded lower in <a href="https://www.benzinga.com/news/24/04/38299189/whats-going-on-with-arm-holdings-stock">sympathy</a> with ASML Holding N.V., which reported worse-than-expected first-quarter results.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>)
Alcoa&#8217;s shares dropped by 1.50% to close at $35.55, with an intraday high and low of $37.48 and $35.21 respectively. The company reported its <a href="https://www.benzinga.com/news/earnings/24/04/38302798/alcoa-stock-climbs-on-q1-results-heres-why">first-quarter financial results</a> after the bell on Wednesday, with quarterly losses of 81 cents per share and revenue of $2.6 billion, beating the $2.56 billion analyst consensus estimate. 
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)
Alibaba&#8217;s shares fell by 1.13% to close at $68.82. The stock&#8217;s intraday high was $70.01, and the low was $68.72. The company <a href="https://www.benzinga.com/markets/equities/24/04/38296674/whats-going-on-with-alibaba-shares-after-launching-logistics-solutions-for-us-smes">introduced its Logistics Marketplace</a>, which led to a slight decrease in its shares.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares dipped by 1.06% to close at $155.45, with an intraday high and low of $158.33 and $153.78 respectively. CEO Elon Musk explained the rationale behind the <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and">removal of inventory discounts</a> on its cars in the U.S., citing the need to simplify the company's complex sales system. 
Photo by Jirapong Manustrong on Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38257664/delta-flight-returns-to-atlanta-after-takeoff-boeing-757-yawing-aggressively?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Delta Flight Returns To Atlanta After Takeoff: Boeing 757 &#8216;Yawing Aggressively&#8217;</a>
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BABA

Taiwan Semiconductor, ARM Holdings, Alcoa, Alibaba, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The cryptocurrency market is bracing for a potential storm as Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price hovers around $50,500. A leading analyst has warned that if the price falls to this level, it could trigger over $15 billion in liquidations on Binance (BNB).
What Happened: Cryptocurrency analyst Ali Martinez took to social media platform X to alert the community about the potential for massive liquidations on Binance. 
&#8220;#Bitcoin dropping to $50,500 will trigger over $15 billion in liquidations on #Binance alone!&#8221; Martinez wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> dropping to $50,500 will trigger over $15 billion in liquidations on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> alone! <a href="https://t.co/9wQTVwprgx">pic.twitter.com/9wQTVwprgx</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1780716502619988142?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bitcoin Liquidation Update: In the past 24 hours, total liquidations reach $89 million, with long positions at $66.39 million and short positions at $22.61 million. Over the last 4 hours, liquidations amount to $4.44 million, comprising long positions of $1.60 million and short positions of $2.88 million, based on data from Coinglass.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274675/heres-how-much-bitcoin-you-need-to-become-a-millionaire-according-to-michael-saylor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much Bitcoin You Need To Become a Millionaire, According To Michael Saylor</a>
Why It Matters: The recent drop in Bitcoin&#8217;s price has sparked concerns across the cryptocurrency market. Research firm 10x Research recently warned of a potential <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38300304/why-the-bitcoin-dump-prompted-10x-research-to-sell-everything">significant price correction</a> for risk assets, including stocks and crypto, with inflation being the main trigger.
On the other hand, the approval of Bitcoin and Ethereum ETFs in Hong Kong has led to <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299618/hong-kongs-bitcoin-and-ethereum-etfs-poised-to-reach-1b-in-assets-bloomberg-analyst-predic">optimistic predictions for the market&#8217;s growth</a>. Bloomberg Senior ETF analyst Eric Balchunas has revised his initial inflow predictions for these ETFs, estimating they will reach $1 billion within two years.
Despite the recent price drop, some industry leaders remain optimistic about Bitcoin&#8217;s future. Venture capitalist Tim Draper <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299864/bitcoin-billionaire-predicts-250-000-btc-price-by-end-of-year-is-it-possible">predicted a $250,000 BTC price</a> by the end of 2024 at the close of 2023. With nearly one-third of 2024 gone, his prediction may not seem as unlikely anymore.
Price Action: Bitcoin&#8217;s current price stands at $61,371, reflecting a modest 0.17% increase over the past 24 hours. Year to date, it boasts a remarkable surge of 38.94%, according to the data from Benzinga Pro.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38238919/crypto-markets-tumble-following-irans-drone-attack-against-israel-investor-warns-of-contin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto Markets Tumble Following Iran&#8217;s Drone Attack Against Israel, Investor Warns Of Continued Selloff</a>
Image Via Shutterstock 
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Analyst Color

Bitcoin Dropping To This Level Could Trigger Over $15B In Liquidations On Binance, Warns Analyst

The hush money trial of Donald Trump is underway, and the inclusion of two lawyers in the jury has sparked remarks from the ex-president&#8217;s former attorney, Timothy Parlatore, who described the move as &#8220;very unusual&#8221;.
What Happened: Parlatore discussed the unique situation of having lawyers serve on a jury during an interview on CNN&#8217;s &#8220;The Lead with Jake Tapper&#8221; on Wednesday. He pointed out that the presence of lawyers on the jury could be advantageous or disadvantageous, depending on the specifics of the case, <a href="https://thehill.com/regulation/court-battles/4601257-former-trump-attorney-hush-money-trial-jurors-lawyers/">reported</a> The Hill.
The trial, which kicked off in Manhattan on Monday, has so far selected seven jurors from a pool of 96 potential candidates over two days. The chosen jurors include a corporate attorney from Chelsea, Oregon, and a civil litigator from the Upper East Side, North Carolina.
See Also: <a href="https://www.benzinga.com/news/24/04/38286407/gop-mega-donors-son-throws-support-behind-incumbent-president-in-biden-vs-trump-battle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GOP Mega Donor&#8217;s Son Throws Support Behind Incumbent President In Biden Vs. Trump Battle</a>
Parlatore voiced concern that a lawyer on the jury could hold considerable sway over the rest of the panel. The jury selection process, which is moving faster than expected, is set to continue on Thursday. The trial requires a total of 12 jurors and at least six alternates.
&#8220;The problem with having a lawyer on the jury is that they can be a very strong voice and influence the rest of the panel,&#8221; said the former Trump lawyer.
Former President Trump is on trial for allegedly illegally concealing a hush money payment made to suppress an alleged affair ahead of the 2016 election. He has pleaded not guilty and denied the affair.
Why It Matters: The trial, which began on April 15, has been drawing considerable attention, with the <a href="https://www.benzinga.com/general/social-media/24/04/38282616/trump-trial-gets-7-jurors-11-to-go-their-old-social-media-posts-take-center-stage-in-court-e">jury selection process</a> and the social media accounts of prospective candidates taking center stage.
The trial is expected to last at least six weeks and has already <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">sparked reactions</a> from congressmen and talk show hosts. 
On the first day of the trial, Trump argued that he was being <a href="https://www.benzinga.com/general/politics/24/04/38261008/donald-trump-argues-political-prosecution-before-jury-selection-in-new-york-trial-judge-not-goin">politically prosecuted</a>, a claim the judge did not accept.
Photo Courtesy: Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
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Former Trump Attorney Says 'Very Unusual' To Have Lawyers On The Jury: 'They Can Be A Very Strong Voice'

House Speaker Mike Johnson (R-La.) is facing criticism from conservatives due to the lack of border security provisions in his latest foreign aid proposal.
What Happened: Johnson dismissed the criticism on Wednesday, attributing the lack of action to Senate and White House Democrats. He stated, &#8220;Some of my colleagues want the Speaker of the House to have a magic wand. If we could close the border ourselves, we would have done it a long time ago,&#8221; <a href="https://thehill.com/homenews/house/4601412-johnson-some-republicans-want-speaker-to-have-a-magic-wand/">reported</a> The Hill.
The Speaker&#8217;s comments came after the release of legislative text for three bills that would combine military assistance to Ukraine, Israel, and allies in the Indo-Pacific with humanitarian aid for Gaza. These bills, however, do not include a border security measure, a reversal from Johnson&#8217;s previous indication that aid for Ukraine would be tied to such measures.
Despite Johnson&#8217;s efforts, several conservatives criticized his move, accusing him of making bipartisan deals with President Joe Biden. Johnson defended his actions, pointing to the House&#8217;s passage of H.R. 2 last year and the Democratic-controlled Senate&#8217;s decision not to move it forward.
Johnson also announced plans to bring a border bill, titled the End The Border Catastrophe Act, to the House floor later this week. However, he acknowledged that the GOP conference may not get everything they want due to their slim majority.
The Speaker&#8217;s position has been further threatened by Rep. Marjorie Taylor Greene (R-Ga.), who introduced a motion to vacate Johnson last month. Despite this, several GOP members have voiced opposition to removing Johnson, and multiple Democrats have indicated they would support the Speaker depending on his handling of Ukraine aid.
See Also: <a href="https://www.benzinga.com/news/24/04/38240111/unlike-his-behavior-in-e-jean-carroll-case-donald-trump-is-going-to-have-sit-there-in-upcoming-crimi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Unlike His Behavior In E. Jean Carroll Case, Donald Trump Is &#8216;Going To Have Sit There&#8217; In Upcoming Criminal Case, Says Ex-Prosecutor</a>
Why It Matters: The criticism of Johnson&#8217;s foreign aid proposal comes amid an <a href="https://www.benzinga.com/news/24/04/38240401/marjorie-taylor-greene-is-trying-to-oust-speaker-mike-johnson-except-she-has-no-gop-allies">ongoing campaign</a> by Greene to unseat him. Her efforts, however, lack momentum and support.
Rep. Thomas Massie (R-Ky.) has <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">joined</a> Greene&#8217;s campaign. Amid these developments, former President Donald Trump has <a href="https://www.benzinga.com/news/24/04/38230714/trump-throws-support-behind-mike-johnson-amid-marjorie-taylor-greenes-ouster-threat-hes-doing-a-very">expressed his support</a> for Johnson. The outcome of these political maneuvers remains uncertain.
Photo via Shutterstock.
Read Next: <a href="https://www.benzinga.com/news/24/04/38241519/mark-cubans-288m-wire-transfer-to-irs-a-veiled-jab-at-trump?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban&#8217;s $288M Wire Transfer To IRS: A Veiled Jab At Trump?</a>
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Mike Johnson On Border Criticism: 'Some Of My Colleagues Want The Speaker Of The House To Have A Magic Wand'

In a recent public address, President Joe Biden showed deep emotion while discussing his family&#8217;s military service and the derogatory comments made by Donald Trump about service members.
What Happened: Speaking to a crowd of union workers, Biden brought up Trump&#8217;s 2018 refusal to visit American gravesites during a trip to Paris, where Trump reportedly referred to the fallen soldiers as &#8216;suckers&#8217; and &#8216;losers&#8217;. &#8220;That man doesn't deserve to have been the commander in chief for my son, my uncle,&#8221; Biden said, referring to Beau Biden and Ambrose Finnegan, both military veterans, <a href="https://www.nbcnews.com/politics/2024-election/biden-chokes-talking-beau-trumps-remarks-service-members-rcna148274">reported</a> NBC News.
These comments were confirmed by former White House chief of staff John Kelly. The Trump campaign, however, denies these allegations, with national press secretary Karoline Leavitt calling Biden&#8217;s claims an &#8220;old and tired lie,&#8221; according to the report.
See Also: <a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
At a campaign rally in Scranton, Pennsylvania, Biden expressed his outrage at Trump&#8217;s remarks, asking, &#8220;Who the hell does he think he is?&#8221; Biden was in Pittsburgh as part of a three-city tour of Pennsylvania.
Why It Matters: These remarks come amid a <a href="https://www.benzinga.com/news/24/04/38239577/trump-vs-biden-one-candidates-lead-narrows-to-slim-margin-over-other">tightening race</a> between Biden and Trump for the upcoming election, with recent polling data showing Trump holding a slim lead over Biden.
Trump&#8217;s alleged disrespect for the military has been a point of contention in the past. Earlier this year, Nikki Haley, a GOP presidential primary contender, <a href="https://www.benzinga.com/news/24/02/37085931/trump-not-qualified-to-be-president-says-nikki-haley-citing-disrespect-for-the-military-i-dont-trust">expressed her disapproval</a> of Trump's comments about her husband, a deployed military officer, and voiced her lack of trust in Trump's ability to protect the military.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38242468/former-trump-aide-scaramucci-urges-keeping-ex-president-as-far-from-the-white-house-as-possible-afte?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">FFormer Trump Aide Scaramucci Urges Keeping Ex-President &#8216;As Far From The White House As Possible&#8217; After Iran&#8217;s Attack On Israel: &#8216;Protect Our 76-Year Ally&#8217;</a>
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Teary Biden Slams Trump For Remarks On Service Members: 'Who The Hell Does He Think He Is?'

In a recent House Oversight Committee hearing, Rep. Jared Moskowitz (D-Fla.) took a stand against Rep. Marjorie Taylor Greene (R-Ga.) for her baseless claims about the prevalence of Nazism in Ukraine. This narrative is often echoed by Russian President Vladimir Putin.
What Happened: Moskowitz criticized Greene&#8217;s attempts to portray Ukrainians as Nazis and compare Ukraine&#8217;s government to Nazi Germany during a hearing titled &#8220;Defending America from the Chinese Communist Party's Political Warfare,&#8221; <a href="https://thehill.com/homenews/house/4601264-moskowitz-confronts-greene-on-ukraine-nazi-remarks/">reported</a> The Hill.
Moskowitz, a descendant of Holocaust survivors, chastised Greene for her &#8220;disgusting behavior, using Nazis as propaganda.&#8221; He encouraged her to visit the Holocaust Museum to gain a better understanding of the horrors committed by the Nazis.
He also disputed Greene&#8217;s unfounded allegations about concentration camps and other Nazi-like atrocities in Ukraine, asserting, &#8220;They're not trying to erase a people, the Ukrainians.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/04/38286236/once-trumper-scaramucci-warns-re-electing-ex-president-would-result-in-american-fascism-and-be-very?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Once-Trumper&#8217; Scaramucci Warns Re-Electing Ex-President Would Result In &#8216;American Fascism&#8217; And Be &#8216;Very Bad&#8217; For Business: &#8216;He Wants To Be North American Autocrat&#8217;</a>
Previously, Greene had shared several news articles and photos suggesting the existence of neo-Nazis in Ukraine. She voiced her worry about the alleged misinformation regarding &#8220;the Nazis in Ukraine and their recruitment efforts that go all around the world.&#8221;
Historian Timothy Snyder, a specialist in the Holocaust and Eastern Europe, refuted Greene&#8217;s claims, stating that the influence of Nazis in Ukrainian politics was minimal. He suggested that concerns about fascism should be directed towards Russia instead.
Why It Matters: Greene&#8217;s controversial remarks are not new. In March 2024, she had a <a href="https://www.benzinga.com/news/24/03/37525135/marjorie-taylor-greene-tells-former-bbc-host-to-f-off-at-trumps-mar-a-lago">heated exchange</a> with British journalist Emily Maitlis at Donald Trump's Mar-a-Lago resort. Maitlis questioned Greene about her support for conspiracy theories, leading to a tense confrontation.
Greene is currently <a href="https://www.benzinga.com/news/24/04/38284071/marjorie-taylor-greene-bid-to-oust-speaker-mike-johnson-joined-by-thomas-massie-its-a-clusterf-k">engaged in an effort</a> to oust Speaker Mike Johnson (R-La.) over his decision to bring multiple foreign aid bills to the floor, including to Ukraine.
Photo by lev radin on Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38263998/trumps-niece-says-ex-presidents-mandatory-courtroom-presence-will-give-jury-front-row-seat-of-his-ba?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Ex-President&#8217;s Mandatory Courtroom Presence Will Give Jury Front-Row Seat Of His Bad Behavior: &#8216;Donald Is Finally Confronting His Criminal Charges&#8217;</a>
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