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NEWP

New Pacific Metals Corp. has announced its operational plans for 2024, focusing on its activities in Bolivia. The company's strategy includes exploration, development, and potential expansion of its Bolivian projects. Investors are likely to monitor the progress closely as these plans could significantly impact the company's growth and financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:43 pm

USDTUSD

Tether (CRYPTO: USDT) reported a Q4 profit of $2.85 billion, contributing to an annual profit of $6.2 billion. The profit includes $1 billion from U.S. T-bill interests and $1.85 billion from gold and Bitcoin holdings. Tether's assets under management are $98.5 billion, with a market cap increase from $91.7 billion to $96.2 billion over the past month. The company is expanding into Bitcoin mining and other sectors, with plans to build mining facilities in Uruguay, Paraguay, and El Salvador. Tether's transparency efforts and asset backing have been acknowledged by Cantor Fitzgerald CEO Howard Lutnick.

Portfolio Pulse from Khyathi Dalal

January 31, 2024 | 9:58 pm

AMPS

Altus Power has acquired an 84MW portfolio of solar projects from Vitol for approximately $118 million. This strategic acquisition expands Altus Power's footprint in the renewable energy sector and enhances its portfolio of solar assets.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:39 pm

BTBT

Bit Digital has finalized an agreement to secure an additional 6 megawatts of hosting capacity for its cryptocurrency miners at a facility in Massena, New York, operated by a subsidiary of Coinmint LLC. This expansion brings Bit Digital's total contracted hosting capacity with Coinmint to around 46 megawatts.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:32 pm

RKLB

Rocket Lab has announced a proposed offering of $275 million in Convertible Senior Notes. These notes are a form of debt that can be converted into equity, typically shares of the company. This move could potentially dilute existing shareholders but also provides the company with additional capital for growth, operations, or debt repayment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:20 pm

JUP

SOL

A 17-year-old earned over $1 million from the Jupiter (JUP) airdrop by actively using Jupiter's tools and features on the Solana blockchain. He shared his strategy, which included swapping tokens, placing limit orders, dollar-cost-averaging, and bridging to other blockchains. The JUP token's value rose sharply after the airdrop, with its market cap exceeding $7 billion. The story has garnered significant attention in the crypto community, and investors are looking to replicate his strategy in upcoming JUP airdrops.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 8:51 pm

SPY

Federal Reserve Chair Jerome Powell indicated that the Overnight Reverse Repurchase Agreement (ONRRP) doesn't need to reach zero for the Fed to begin winding down its quantitative tightening (QT) program. He also mentioned that if inflation data comes in stronger than expected, leading to an uptick in inflation, the Fed may slow down or delay the QT process.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:15 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed views interest rate policy and balance sheet policy as independent tools. He also mentioned that the Fed is carefully monitoring the balance sheet runoff.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:12 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that the Fed will have an in-depth discussion on its balance sheet at the March meeting. While there was some discussion on the topic in the current meeting, a more detailed conversation is planned for next time. The Fed is still in the early stages of this process.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:11 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the balance sheet runoff has gone very well so far. He indicated that the central bank is approaching a period where the pace of the balance sheet reduction will come into focus, suggesting that discussions on the rate of runoff are becoming more pertinent.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:09 pm