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Assets

COF

Capital One Financial reported a 1% increase in period-end total deposits, reaching $348.4 billion.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:13 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) stock is trading higher, showing signs of consolidation after a significant selloff in January. The movement correlates with the broader crypto sector's reaction to the SEC's Bitcoin ETF approval and Bitcoin's price fluctuations. Marathon's stock faced resistance above $17 and support around $15.50, with the price at $16.40 at the time of publication.

Portfolio Pulse from Ryan Gustafson

January 25, 2024 | 8:34 pm

GBTC

At Benzinga's Crypto & Blockchain Outlook webinar, experts from Grayscale, Tether, and the Chamber of Digital Commerce discussed the impact of a spot Bitcoin ETF approval on the cryptocurrency market. Tether's co-founder Brock Pierce sees the approval as a positive step for American businesses and investors, while Grayscale's David LaValle remains bullish on the asset class despite expecting outflows from the Grayscale Bitcoin Trust (OTC:GBTC) following its conversion to an ETF. The panel also discussed BlackRock's pivot to embrace digital assets, the SEC's ongoing adversarial stance on cryptocurrency regulation, and the potential role of Bitcoin alongside the dollar.

Portfolio Pulse from Ivan Crnogatić

January 25, 2024 | 8:28 pm

EQNR

Equinor (NYSE:EQNR) has agreed to a swap transaction with bp, gaining full ownership of the Empire Wind lease and projects, and taking over bp's 50% share of the South Brooklyn Marine Terminal lease. In exchange, bp will take full ownership of the Beacon Wind lease and projects. The deal is cash neutral, except for standard settlements. Equinor submitted a bid for Empire Wind 1 in New York's offshore wind solicitation and terminated the OREC agreement for Beacon Wind 1. The transaction will increase Equinor's near-term capital expenditure by approximately $1.2 billion in 2024 and $1.5 billion in 2025, and is expected to result in a reported loss of around $200 million, pending regulatory approval and a positive NY4 solicitation outcome.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 8:05 pm

GBTC

The SEC has postponed its decision on Grayscale's proposal for a spot Ethereum ETF, originally submitted by NYSE Arca on Oct. 10, 2023. The Grayscale Ethereum Trust aims to reflect the value of Ethereum, and the SEC is seeking public input on the proposal's compliance with the Securities Exchange Act of 1934. The SEC is concerned with potential fraudulent and manipulative acts, investor protection, and the correlation between Ethereum spot and futures markets. Public comments are invited within 21 days of the proposal's Federal Register publication, with an additional 35 days for rebuttals. Bloomberg analyst James Seyffart anticipates sporadic delays for spot Ethereum ETFs in the coming months, with the next significant date being May 23rd.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 8:04 pm

ZIM

ZIM Integrated Shipping (NYSE:ZIM) has seen an 11.03% increase in short interest since its last report, with 26.23 million shares sold short, representing 27.49% of its float. The short interest is higher than the peer group average of 2.87%. While high short interest can indicate bearish sentiment, it can also be bullish, as covering short positions can drive the stock price up.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 8:00 pm

BTCUSD

The U.S. District Court for the District of Maryland plans to sell $132.5 million in Bitcoin seized in connection with the Silk Road scam. The Bitcoin was confiscated from Ryan Farace and Sean Bridges in two separate seizures. Interested parties have 60 days from Jan. 10, 2024, to file a claim for the property, after which the U.S. government may proceed with the sale.

Portfolio Pulse from Murtuza Merchant

January 25, 2024 | 7:29 pm

XMRUSD

Monero (XMR) has seen a 3.51% increase in price over the last 24 hours, reaching $156.92. Over the past week, it has gained 1.0%, rising from $154.21. Despite the recent uptick, it remains far below its all-time high of $542.33. Trading volume has decreased by 13.0% over the past week, while the circulating supply has slightly increased by 0.05% to 18.15 million. Monero's market cap is currently ranked #29, valued at $2.84 billion.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 7:00 pm

BTCUSD

SPY

The U.S. government has filed a notice to sell $130 million worth of Bitcoin that was seized from a former Secret Service agent involved in the Silk Road investigation. The agent, who was convicted of stealing Bitcoin during the investigation, had previously agreed to the sale of the seized assets. The proceeds from the sale are expected to be used to compensate victims of the Silk Road marketplace.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:45 pm

NFLX

Netflix (NASDAQ:NFLX) has significantly outperformed the market with an average annual return of 26.38% over the past 20 years. An initial investment of $100 in NFLX stock would now be worth $10,688.55. The company's current market capitalization stands at $241.58 billion.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:36 pm