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Circle Internet Financial, issuer of the USDC stablecoin, has confidentially filed for an IPO in the United States. The company previously planned to go public via a SPAC deal valued at $9 billion, but the deal was terminated in December 2022. CEO Jeremy Allaire remains committed to a public listing. USDC is the second-largest stablecoin by market cap, with $25 billion in circulation, down from over $56 billion in mid-2022. The crypto industry faced a downturn in 2022, marked by investor caution and the collapse of several crypto firms.

Portfolio Pulse from Murtuza Merchant

January 11, 2024 | 1:55 pm

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The SEC has approved rule changes allowing 11 Bitcoin ETFs to begin trading in the U.S., including Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Bitwise Bitcoin ETF, VanEck Bitcoin Trust, and Fidelity Wise Origin Bitcoin Fund. This news has positively impacted the crypto market, with Bitcoin, Ethereum, and Dogecoin experiencing significant price increases. Crypto-related stocks such as Marathon Digital Holdings, Riot Platforms Inc, MicroStrategy Inc, Coinbase Global Inc, and Robinhood Markets Inc also saw their stock prices rise following the announcement.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 1:47 pm

RWAY

Runway Growth Finance Corp. (RWAY) reported Q4 2023 portfolio updates, with eight investments totaling $154.6M in funded loans and other investments. Investments included new and existing portfolio companies, such as Blueshift Labs, Linxup, Betterment, Synack, Bombora, Route 92 Medical, Snagajob, and Gynesonics. The company also experienced two prepayments totaling $61.7M. The CEO highlighted strong momentum and opportunities for 2024, especially in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:46 pm

BTM

Bitcoin Depot (NASDAQ:BTM), a leading Bitcoin ATM operator, has announced the hiring of 13 new sales representatives across the U.S., including Hawaii and Puerto Rico. This move is part of the company's aggressive expansion strategy for 2024, aiming to significantly increase the number of Bitcoin Depot kiosk locations and set a new record for installed BTMs by the end of 2024. The new hires are expected to secure 100-200 new kiosk locations monthly and will contribute to Bitcoin Depot's growth and partnerships with regional and national retailers.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:45 pm

TROW

T. Rowe Price Group, Inc. (TROW) reported preliminary assets under management (AUM) of $1.45 trillion for December 2023. The company experienced net outflows of $9.4 billion in December and $28.3 billion for the quarter, totaling $81.8 billion in net outflows for the year. AUM increased across all asset classes compared to the previous month, quarter, and year-end. TROW will release Q4 2023 earnings on February 8, 2024, and host an earnings call the same day.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:38 pm

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BlackRock has launched a new spot bitcoin ETF, the iShares Bitcoin Trust (IBIT), which is now trading on Nasdaq. The ETF aims to mirror the price performance of bitcoin. It has a sponsor fee of 0.25%, with a temporary reduction to 0.12% on the first $5 billion AUM.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:33 pm

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The SEC has approved the listing and trading of spot Bitcoin ETFs, revealing a divide within the commission. Commissioner Hester Peirce hailed the decision as a victory for investor choice, while Commissioner Caroline Crenshaw expressed concerns about fraud and manipulation in the spot market, as well as potential national security risks. The decision underscores the ongoing debate about Bitcoin's role in the financial system.

Portfolio Pulse from Murtuza Merchant

January 11, 2024 | 1:26 pm

MRDB

MariaDB plc (NYSE:MRDB) has amended the terms of its $26.5 million senior secured promissory note with RP Ventures LLC, extending the due date from January 10, 2024, to January 31, 2024. Additional details are available in MariaDB's latest 8-K filing on the SEC's website and on the company's Investor Relations page.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:16 pm

CDP

COPT Defense Properties (NYSE:CDP) has surpassed its 2023 development and vacancy leasing targets. The company secured a long-term lease with a Fortune 100 company for a new development in Northern Virginia and leased space to a leading defense contractor in Huntsville, Alabama. COPT Defense leased 747,000 square feet for development and 452,000 square feet for vacancies, both exceeding their respective targets for the year.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:12 pm

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NVDA

Nvidia's stock price reached an all-time high, surpassing $550 in premarket trading. This surge followed a report by Reuters that Morgan Stanley Wealth Management has increased the weights of Walt Disney Co, Nvidia Corp, Medtronic Plc, and Deere & Co in its internally held portfolios.

Portfolio Pulse from Charles Gross

January 11, 2024 | 12:58 pm