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Santander is reducing its workforce by approximately 300 positions in its US branches as part of a strategic shift towards digital banking, according to Bloomberg. This move reflects the bank's adaptation to changing consumer preferences and the increasing demand for digital banking services.

Portfolio Pulse from Charles Gross

March 03, 2024 | 9:15 pm

DOGEUSD

SHIBUSD

The article discusses the concept of a 'memecoin supercycle,' a period where memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to see significant gains. It highlights recent surges in memecoin values, such as Dogwifhat (WIF) and MAGA Memecoin (TRUMP), and the broader implications for the cryptocurrency market. The piece also touches on the reasons behind the memecoin supercycle, including a reaction against traditional financial systems and the accessibility of memecoins to investors of all wallet sizes. It concludes with a cautionary note on the risks involved in investing in memecoins.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 9:04 pm

AAPL

GOOG

IBIT

RIVN

Cryptocurrencies experienced significant gains, with Bitcoin leading the surge. The total market capitalization of cryptocurrencies increased by over 17% to $2.33 trillion. Bitcoin's weekly gain was 19.5%, and Ethereum rose by 12.4%. Memecoins, particularly Dogwifhat, saw a 400% weekly surge. BlackRock's iShares Bitcoin ETF (IBIT) recorded high trading volumes, increasing its bitcoin holdings to over $7 billion. In traditional finance, the Nasdaq 100 gained 2.04%, while Apple Inc (AAPL) dropped after being removed from Goldman Sachs' Conviction List. Rivian Automotive Inc (RIVN) and Alphabet Inc. (GOOG) received optimistic outlooks from notable investors.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 5:33 pm

SPY

USO

VGK

Bloomberg reported that OPEC+ has agreed to extend supply curbs until the end of Q2, potentially affecting global oil supply and market dynamics.

Portfolio Pulse from Charles Gross

March 03, 2024 | 5:25 pm

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DOGE

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SHIB

WIF

Pseudonymous trader Bluntz Capital predicted Dogwifhat (WIF) would surpass at least two major memecoins on Solana, a prediction partially validated as it briefly overtook Bonk (BONK). Dogwifhat's market cap reached $1.6 billion, trading at $1.60. Influencers and former Goldman Sachs executive Raoul Pal see a memecoin supercycle, with Dogwifhat's rally surpassing $1.5 billion in market cap in less than four months. Arthur Hayes targets $2 for Dogwifhat, while Robinhood Europe's listing may have spurred its recent surge. Pepe (PEPE) also hit a new high, with a market cap of $2.1 billion.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 5:16 pm

DOGEUSD

SHIBUSD

Crypto VC Andrew Kang predicts Dogecoin (DOGE) could outperform GameStop with a multi-month memecoin speculation ahead. He cites easier access and previous ownership by significant investors as factors. Dogecoin's recent 62% weekly gain and bullish social media sentiment support this view. Competitors Shiba Inu (SHIB) and Dogwifhat (WIF) also saw significant gains, suggesting a broader memecoin rally.

Portfolio Pulse from Ivan Crnogatić

March 03, 2024 | 4:39 pm

USO

OPEC+ members have reportedly agreed to extend their production cuts of around two million barrels per day until the end of the second quarter, according to Bloomberg. This decision comes despite oil's rebound this year, with WTI-grade crude oil increasing by 11.6% after a decline of 8.6% in 2023. The production cuts, initially announced in November last year, aim to stabilize the market. The United States Oil Fund, LP (USO) saw a 2.18% increase in its stock price following the news.

Portfolio Pulse from Shanthi Rexaline

March 03, 2024 | 4:17 pm

BCHUSD

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

USDTUSD

Shiba Inu (SHIB) has become the fourth most traded cryptocurrency globally, with a 111% increase in value over the past week. On Binance, SHIB is the second most-traded pair after BTC/USDT. Tether (USDT) leads in trading volume, followed by Bitcoin (BTC) and Ethereum (ETH). SHIB's volume reached $5.7 billion, surpassing USDC, Bitcoin Cash (BCH), Dogecoin (DOGE), and Solana (SOL), despite being 76% below its all-time high from October 2021.

Portfolio Pulse from Bibhu Pattnaik

March 03, 2024 | 3:34 pm

JPM

The week's financial updates highlighted the U.S. Federal Reserve's inflation gauge meeting expectations, growing concerns over the national debt, and speculation about a recession and a potential second Trump term. El Salvador's President questioned US monetary policy, while JPMorgan's CEO expressed concerns about the economy. The possibility of a second Trump presidency raised discussions on its impact on the stock market.

Portfolio Pulse from Benzinga Neuro

March 03, 2024 | 12:10 pm

DOGEUSD

SHIBUSD

The cryptocurrency world saw significant activity with Dogecoin's social dominance soaring, a proposed bill against CBDCs, a trader making millions with MAGA Memecoin, and Dogecoin and Shiba Inu poised for a bull run. Dogecoin's social media presence spiked, coinciding with its price crossing $0.10. Republican senators proposed a bill to ban CBDCs, potentially affecting the Biden administration's exploration of this technology. Erik Stevens turned $2,708 into $3.25 million with MAGA Memecoin. Crypto analysts predict bullish runs for Dogecoin and Shiba Inu, while Shiba Inu gained 60% with updates on its TREAT token.

Portfolio Pulse from Benzinga Neuro

March 03, 2024 | 11:01 am