Streetbeat News

Assets

TCEHY

ByteDance, the parent company of TikTok, is in discussions to sell its gaming assets, including its gaming unit Nuverse and games 'Crystal of Atland' and 'Earth: Revival', to Tencent Holdings Ltd (OTC:TCEHY). The talks follow ByteDance's decision to exit the gaming market and focus on other strategic areas. Tencent has previously advertised its game 'DreamStar' through ByteDance's ad network, indicating a warming relationship between the two companies.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 6:26 am

BEP

BEPC

Brookfield Renewable plans to issue C$400M in Medium-Term Notes Series 17 at an annual interest rate of 5.318%. The notes will be issued under a base shelf prospectus dated September 8, 2023, and related supplements to be dated January 8, 2024. The expected closing date is on or about January 10, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:19 am

EWA

Australia's Building Approvals for December showed a preliminary increase of 1.6% month-over-month, surpassing the estimated decline of -2.0%. This is an improvement from the revised prior figure of 7.2%.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:21 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (CPI) for November came in at 2.1%, aligning with estimates and showing a slight decrease from the previous 2.3%. This data is a key indicator of inflation in Tokyo and can influence investor sentiment regarding Japanese markets.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:17 am

ETH

SOL

The Solana-based meme cryptocurrency Bonk (BONK) has surged 30% in the past 24 hours, outperforming other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). The market is optimistic about a potential Bitcoin ETF approval, which has contributed to a broader market recovery. Solana (SOL) has seen increased on-chain trading volumes and network fees, surpassing Ethereum (ETH). Crypto exchange OKX plans to list BONK and Jito (JTO) on January 8, 2024.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:39 am

BTCUSD

ETHUSD

Bitcoin's surge past $46,000 led to over $160M in short position liquidations, with the Fear & Greed Index indicating 'Extreme Greed'. Ethereum shorts also faced significant losses. Analyst Jamie Coutts suggests Bitcoin's fundamentals, including network activity, support its value despite being below peak levels. The SEC warns against FOMO-driven investments ahead of an anticipated ETF approval.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:29 am

BLK

FNF

Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the SEC is inevitable, citing improved market dynamics and satisfactory disclosures from companies like BlackRock and Fidelity. Bloomberg ETF analyst James Seyffart predicts a 90% chance of approval by Jan. 10, which could significantly impact the cryptocurrency industry by allowing traditional investors to gain Bitcoin exposure.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 3:25 am

BLK

Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), experienced significant gains as the market anticipates the approval of the first spot-based Bitcoin ETFs in the U.S. Asset management firms like BlackRock, Fidelity, and Grayscale have updated their S-1 filings with the SEC, revealing their fee structures. Bitwise offers the lowest fee at 0.24%, while BlackRock set its fee at 0.30%. The global cryptocurrency market cap slightly declined, while stock averages increased, with the S&P 500 and Nasdaq Composite rising. Analysts predict a bullish cycle for Bitcoin, with the upcoming ETF approval and the Bitcoin Halving event serving as potential catalysts.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 2:42 am

ALK

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has discovered loose bolts on several grounded Boeing 737 MAX 9 airplanes, raising concerns about Boeing Co's (NYSE:BA) manufacturing processes. The issue came to light after an incident with an Alaska Airlines (NYSE:ALK) MAX 9 plane, leading to the grounding of 171 aircraft. Boeing's shares fell by 8% following the news. The FAA has authorized inspections, and Boeing has expressed its commitment to safety and support for the ongoing investigation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 12:50 am

BTCUSD

Max Keiser, a Bitcoin maximalist, has warned that the U.S. government plans to seize all Bitcoin ETFs, which he views as illegitimate and not offering real Bitcoin ownership. Bloomberg analysts Eric Balchunas and James Seyffart countered Keiser's claims, arguing that Bitcoin ETFs do provide ownership through shares linked to custodied Bitcoin and are less problematic than gold ETFs. The debate highlights a divide in the Bitcoin community between those who prioritize direct ownership and those who see ETFs as a means to mainstream adoption.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 12:08 am