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XMRUSD

Monero (XMR) has seen a 4.66% increase in price over the last 24 hours, reaching $166.39, continuing a positive trend with an 8.0% gain over the past week. Despite a decrease in trading volume by 16.0% and a 0.9% reduction in circulating supply to 18.15 million, Monero's market cap is ranked #30 at $3.03 billion. The volatility of Monero's price has been illustrated using Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 3:00 pm

COIN

A report from Coinbase Inc.'s advocacy group, Stand with Crypto, highlights a group of U.S. senators who are vocal supporters of cryptocurrency, indicating a shift in the political landscape. Senators Cynthia Lummis, Ted Burr, Ted Cruz, Bill Hagerty, and Marsha Blackburn have collectively introduced and supported various crypto-related bills and made numerous public statements advocating for the sector. In contrast, Senator Elizabeth Warren has introduced anti-crypto bills and made statements against digital currencies, showing a divided Senate on the issue of cryptocurrency.

Portfolio Pulse from Murtuza Merchant

January 29, 2024 | 2:56 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum experienced slight declines, trading below $43,000 and $2,300 respectively. Conflux was the top gainer, while Pyth Network was the biggest loser in the past 24 hours. The global crypto market cap decreased by 0.5% to $1.63 trillion. Notable gainers include Manta Network, Sui, Flare, and IOTA, while losers alongside Pyth Network are Mantle, BitTorrent (New), Bonk, and Akash Network.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 2:33 pm

SSY

SunLink Health Systems' subsidiary has revised agreements for the sale of Trace Regional Medical Center and its clinics. The property was sold to Progressive for $500,000. Additionally, a six-month net lease agreement has been established at $20,000 per month. The previous transaction dated November 10, 2023, has been terminated.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:30 pm

AAL

AAPL

AMZN

BMY

GOOGL

MSFT

SCHW

TSLA

Research suggests Bitcoin could reach $87K in this year's halving, while speculation on BTC ETFs could propel it to $500K. Tech giants Microsoft and Apple are leading earnings reports this week, potentially affecting market optimism. Charles Schwab may enter the Bitcoin ETF market. American Airlines and other stocks are set for varied market openings. Global politics and US-China tech tensions continue, with potential impacts on companies like Amazon, Alphabet, and Microsoft. Alibaba, Tencent, and TSMC are making strategic moves in China and Japan. Apple Card increases APY, and Tesla's Cybertruck tours China. Boeing faces challenges with the 737 Max, and Bristol Myers advances cancer treatment options.

Portfolio Pulse from Akanksha Bakshi

January 29, 2024 | 2:16 pm

CTRM

Castor Maritime Inc. has announced the sale of two vessels, M/V Magic Nova and M/V Magic Horizon, for a total of $31.9 million. The company expects to realize a net gain of approximately $9 million from these transactions.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:04 pm

REVG

REV Group has completed the sale of its school bus business for a purchase price of $303 million. This strategic move allows REV Group to streamline its portfolio and potentially focus on its more profitable segments.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:45 pm

OPTT

Ocean Power Technologies (OPTT) has received a $1.2 million award from the New Jersey Economic Development Authority's Net Operating Loss Program. This program allows businesses to sell their net operating losses and unused research and development tax credits to unrelated profitable corporations.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:30 pm

WFC

Wells Fargo (NYSE:WFC) has seen a 3.66% increase in short interest since its last report, with 30.72 million shares sold short, representing 0.85% of its float. The short interest is higher than the peer group average of 0.81%. While this indicates more bearish sentiment, it does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:30 pm

BABA

TCEHY

Chinese Big Tech firms Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) are expanding their physical presence in China through strategic land purchases. Tencent invested approximately $890 million in Beijing for office space, while Alibaba completed a new campus in Beijing. Other companies like miHoYo and Ant Group have also made significant land purchases. This expansion occurs amidst a recovering tech sector and potential stimulus measures to boost the stock market. JD.com Inc (NASDAQ:JD) also acquired land in Beijing. Office vacancy rates in major cities have risen, offering lower rental prices and opportunities for expansion.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 12:28 pm