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Tesla & Musk’s pay deal actually made major waves on Monday when the board went ahead and approved a massive $30 billion compensation package for CEO Elon Musk. The Tesla stock reaction was pretty immediate, with shares climbing up 2.2% right after the weekend announcement came out. This Elon Musk pay package is really aimed at addressing some growing Musk leadership concerns while also securing his commitment to stay with the company. Tesla & Musk’s Pay Deal Sparks Board Approval and Stock Reaction Source: Not A Tesla App The Tesla board’s decision basically centers around a 96 million share award that’s worth about $30 billion, and it was designed specifically to keep Musk around amid his growing business empire. This Tesla-Musk pay deal actually comes with some conditions attached – Musk has to forfeit the award if he ends up winning his legal battle over his previously voided 2018 compensation package. Tesla stock chart showing 2.19% daily gain and rece...

Shares of Sonnet BioTherapeutics (NASDAQ: SONN) soared in pre-market trading on Monday after the company announced a $888 million business combination to pivot into the cryptocurrency sector. Sonnet’s stock, which closed at $5.17 on Friday, traded as high as $18.68 in pre-market hours, marking a 265% jump. Year-to-date, SONN shares have already gained more than 220%. By press time, the stock was down slightly, trading about 2% lower on the day. SONN one-day stock price chart. Source: Google Finance The momentum follows the biopharmaceutical firm’s agreement with Rorschach I LLC, an entity backed by Atlas Merchant Capital and Paradigm Operations, to form a new company named Hyperliquid Strategies Inc. (HSI).  The deal will effectively transform Sonnet into a publicly traded cryptocurrency treasury company, focusing on holding and growing reserves of HYPE tokens. Details of the transaction  Under the terms of the agreement, HSI will hold appro...

With the asset surging over the last month, Ripple (XRP) may well be on its way to setting a new all-time high of $4 in 2025, with traders anticipating when the landmark could be set. The asset has been one of the key winners of the November bull rally, but it could be just the beginning for the crypto. Amid the 2024 presidential election win for Donald Trump, the entire cryptocurrency market skyrocketed. With Bitcoin reaching six figures for the first time in its history, it has proved to be a rising tide lifting all boats. However, with an interesting landscape set to emerge in the coming year, XRP could be set to reach unprecedented heights. Also Read: Can Ripple (XRP) Reach $3 Before 2025? Ripple XRP November Rally Could Set the Stage for $4 All-Time High in 2024 There are few cryptocurrencies that represent the ongoing shift in perspective, as well as XRP. The token had been the subject of an ongoing legal battle between the US Securities and Exchange Commission (SEC) and Ripple. ...