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XRPUSD

XRP (CRYPTO: XRP) has seen a 3.82% decrease in price over the last 24 hours, continuing a negative trend from the past week with a 1.0% loss. The trading volume for XRP has increased by 76.0%, and the circulating supply has risen by 0.23% to 54.37 billion, which is over half of its maximum supply. XRP's market cap is currently ranked #6 at $27.35 billion.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 3:00 pm

BTC

DOGE

SHIB

Qiao Wang, a crypto founder and former Messari employee, emphasizes the importance of anticipating memes and narratives in the crypto market. He suggests that understanding and acting on these trends is crucial for success in public crypto markets. Memecoins like Dogecoin and Shiba Inu, despite lacking fundamental value, have achieved multi-billion dollar valuations. Wang's insights highlight the role of 'degens' (high-risk tolerance crypto traders) as pioneers who often lead the way in adopting new coins and finding use cases, such as stablecoins. While not all retail investors may want to become degens, observing their strategies can be beneficial for understanding market trends and making successful investments.

Portfolio Pulse from Ivan Crnogatić

January 31, 2024 | 2:47 pm

TTE

TotalEnergies has signed an agreement to acquire OMV's upstream gas assets in Malaysia for a total consideration of $903 million, which includes the transfer of a $350 million loan. This strategic acquisition will enhance TotalEnergies' portfolio in the region.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:14 pm

UTZ

Utz Brands has disclosed that some of its subsidiaries have entered into an agreement to sell specific assets and brands to Our Home, with total cash proceeds amounting to $182.5 million.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:07 pm

SPY

The U.S. Treasury has announced its quarterly refunding plans, which include issuing $121 billion in Treasury securities. This move is expected to raise $15.9 billion in new cash. The securities will be issued through a series of auctions, and the funds raised will contribute to meeting the government's financing requirements.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:34 pm

EWG

Germany's Consumer Price Index (CPI) for January showed a month-on-month increase of 0.2%, which was in line with the market estimates and slightly higher than the previous month's increase of 0.1%.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:28 pm

WOLF

Wolfspeed has expanded its 150mm silicon carbide wafer supply agreement, now valued at around $275 million. This expansion underscores the growing demand for silicon carbide in various key industries.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:13 pm

GLD

SPY

USO

UUP

U.S. stock markets closed mixed on January 30th, with the Nasdaq Composite declining ahead of major corporate earnings reports and the Federal Reserve's policy meeting. The S&P CoreLogic Case-Shiller index showed a 5.4% increase year-over-year, FHFA house prices rose 0.3% from October, and job openings in December increased. Financial and energy sectors led gains in the S&P 500. Asian and European markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 up, while China's Shanghai Composite and Hong Kong's Hang Seng Index fell. Commodities saw crude oil prices dip, while gold remained above $2,050. U.S. futures were mixed, and the U.S. Dollar Index rose slightly.

Portfolio Pulse from Akanksha Bakshi

January 31, 2024 | 12:43 pm

DOGEUSD

Dogecoin (DOGE) has seen a significant increase in new addresses, with a 1,100% rise in a week and a record 247,240 new addresses on January 29 alone. The price of DOGE surpassed $0.80 recently, aided by its acceptance as payment by the Dallas Mavericks and speculation about its integration on an unnamed platform, potentially influenced by Elon Musk. Analysts predict a positive impact on DOGE prices, with one analyst's tweet preceding a price pop.

Portfolio Pulse from Mehab Qureshi

January 31, 2024 | 11:00 am

EWG

Germany's latest 10-Year Bund auction resulted in a yield of 2.230%, a slight increase from the previous rate of 2.190%. This indicates a marginal rise in borrowing costs for the German government.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:35 am