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Assets

BTCUSD

A Finder survey of 31 FinTech specialists predicts Bitcoin could reach an average price of $87,000 after its fourth halving in April 2024. Industry experts from ARK Invest, Matrixport, BitQuant, Layer One X, and Bloomberg Intelligence have provided various predictions for Bitcoin's price in the coming years, with estimates ranging from $80,000 to $1.5 million. Over 47% of these experts consider Bitcoin undervalued. The halving event, which reduces the reward for mining new blocks, is expected to influence Bitcoin's value by affecting its supply.

Portfolio Pulse from Mehab Qureshi

January 29, 2024 | 9:26 am

AVAXUSD

DOGEUSD

Dogecoin (DOGE) is currently ranked 10th in market cap at $11.32 billion, behind Avalanche (AVAX) at $12.94 billion. DOGE saw a 12% increase last week but faces short-term bearish sentiment with its price below the 50-day SMA. Long-term indicators are more positive. Avalanche shows bullish signs across all SMAs and has a rising OBV, indicating strong buying activity. DOGE needs a 16.15% price increase to surpass AVAX's market cap. At the time of writing, DOGE is at $0.078 and AVAX at $35.

Portfolio Pulse from Mehab Qureshi

January 29, 2024 | 8:21 am

HLNE

Hamilton Lane (NASDAQ:HLNE), a private markets investment management firm, has expanded its global Real Assets Investments Team by hiring Managing Director Dominik von Scheven in Frankfurt and Principal Taylor McManus in Canada. Both will focus on infrastructure investing and report to Brent Burnett. von Scheven, with over two decades of experience, will play a key role in European infrastructure equity investments and continue to grow the firm's Infrastructure Investments platform, which has increased by 35% to $57.6 billion in AUM over the last two years.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 8:12 am

AER

The aviation finance community is meeting in Dublin to discuss the impact of the Boeing 737 MAX 9 safety crisis on the $150 billion jet industry. This follows a recent in-flight incident with an Alaska Airlines 737 MAX 9, which led to an emergency landing due to a door plug blowout. The Federal Aviation Administration has halted any increase in 737 MAX production until Boeing addresses quality control issues. This could slow production, benefit leasing companies with increased returns, and raise lease rates for airlines. Key industry players like AerCap, SMBC Aviation Capital, Air Lease, and Avolon are in focus as the situation develops.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 4:55 am

FBTC

IBIT

Bitcoin showed a steady upward trend over the weekend, with inflows into Bitcoin ETFs like BlackRock's iShares Bitcoin Trust (IBIT) surpassing $2 billion in AUM. Google is set to allow Bitcoin ETF ads, potentially increasing exposure. Analysts predict Bitcoin could reach $300,000-$500,000 in the future, while Ethereum may face a correction below $1,000. U.S. stock futures declined ahead of tech earnings reports and the Federal Reserve's rate policy decision.

Portfolio Pulse from Mehab Qureshi

January 29, 2024 | 3:03 am

SUBL

Amer Sports, Inc (NYSE:AS) and BIOLINGUS (CAYMAN) LIMITED (NASDAQ:SUBL) are set to go public on Feb. 1, 2024, and Jan. 31, 2024, respectively. Amer Sports will offer 100 million shares at $17.00 each, while BIOLINGUS will offer 360,000 shares at $15.50 each. Both companies have a 180-day insider lock-up period post-IPO.

Portfolio Pulse from Benzinga Insights

January 28, 2024 | 5:03 pm

DOGE-USD

ETH-USD

SHIB-USD

This week in cryptocurrency saw Dogecoin's value surge due to Elon Musk's X app, Trump sold over 1,000 Ethereum, a Colorado pastor admitted to crypto fraud, Trump profited from MAGA coin, and Shiba Inu's burn rate increased by over 4,200%. Dogecoin may be adopted by X/Twitter as a payment method, Trump's NFTs remain in demand, and Shiba Inu tokens were burned by anonymous entities.

Portfolio Pulse from Benzinga Neuro

January 28, 2024 | 12:57 pm

INTC

SMH

SOXX

TSM

TXN

The Biden administration is reportedly planning to announce billions in subsidies for semiconductor companies under the $53 billion Chips Act. The initiative aims to boost U.S. microchip production, countering China's industry. Intel (INTC) and Taiwan Semiconductor Manufacturing Co. (TSM) are expected to be key beneficiaries, with projects in states like Arizona, Ohio, and New Mexico. The Chips Act has faced slow implementation due to permitting, negotiations, and worker shortages. Despite these challenges, the Act has spurred over $200 billion in private sector investments. Other companies to watch include Samsung Electronics (SSNGY), Micron Technology (MU), and Texas Instruments (TXN), along with ETFs like SOXX and SMH.

Portfolio Pulse from Nabaparna Bhattacharya

January 27, 2024 | 10:23 pm

AKTUSD

DOGEUSD

RNDRUSD

SHIBUSD

TAOUSD

WLDUSD

Bittensor (CRYPTO: TAO), promoted by Grayscale and utilizing AI technology, has seen a 35.3% gain in the past week and a 254.2% year-on-year gain. In contrast, meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) fell by 7% and 21.3%, respectively. Grayscale tweeted about 'signs of adoption' for AI-related cryptocurrencies including TAO, Render (CRYPTO: RNDR), Akash Network (CRYPTO: AKT), and Worldcoin (CRYPTO: WLD). A 'full-time degen' and a PhD student highlighted the potential of AI in crypto, with the latter suggesting TAO could reach $100,000. Bittensor's network combats AI bias and has 32 specialized subnetworks. The four largest AI-adjacent crypto tokens rallied 522% in the last year, outperforming the Utilities and Services Crypto Sector.

Portfolio Pulse from Khyathi Dalal

January 27, 2024 | 3:41 pm

CMPS

GHRS

IXHL

PSIL

A new study suggests suggestibility plays a role in the antidepressant effects of psilocybin therapy. The EU has allocated $7M for psychedelic research for various disorders. In Australia, the first psychedelic-assisted medical treatments in 50 years were provided. Incannex Healthcare's CEO discussed the company's role in psychedelic-assisted therapies on the Benzinga Psychedelics Podcast. Psychedelics stocks showed varied performance, with COMPASS Pathways, GH Research, and Incannex Healthcare closing higher, while others like Seelos Therapeutics and Enveric Biosciences closed lower. The AdvisorShares Psychedelics ETF (PSIL) closed at $1.43.

Portfolio Pulse from Lara Goldstein

January 27, 2024 | 3:00 pm