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ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a significant price increase of 8.83% in the last 24 hours, reaching $10.69. Over the past week, ATOM has gained 3.0%, rising from $10.25. Despite the recent uptick, it is still well below its all-time high of $44.45. The trading volume has increased by 48.0% over the past week, while the circulating supply slightly decreased by 0.3%, now standing at 382.41 million. ATOM's market cap is currently ranked #25, valued at $4.09 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 7:01 pm

SONY

Over the past 10 years, Sony Group (NYSE:SONY) has produced an average annual return of 18.76%, outperforming the market. A $100 investment in SONY a decade ago would be worth $554.19 today. Sony Group's market capitalization currently stands at $120.73 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 7:00 pm

INFY

Over the past 20 years, Infosys (NYSE:INFY) has produced an average annual return of 10.06%, outperforming the market. A $1000 investment in INFYS 20 years ago would be worth $6,806.78 today. The company's current market capitalization stands at $77.60 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 7:00 pm

LTC-USD

Litecoin (CRYPTO: LTC) has seen a significant increase of 6.01% in its price over the past 24 hours, reaching $71.96. Over the last week, it has gained 8.0%, rising from $66.43. Despite the recent gains, it is still far from its all-time high of $410.26. The trading volume has surged by 74.0% in the past week, and the circulating supply has grown by 0.12% to over 74.08 million, which is 88.19% of the maximum supply. Litecoin currently ranks 21st in market cap at $5.30 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 7:00 pm

SPY

Richmond Fed President Barkin states that evidence is needed to show inflation is moving towards the target. He notes that inflation improvement is mainly in goods, suggesting banks may prefer more liquidity post-pandemic.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:16 pm

SPY

The U.S. Treasury has sold $21 billion in 29-year 10-month bonds at a high yield of 4.229%. This auction could potentially influence the bond market and indirectly affect related stock and ETF prices, including those tracking bond indices.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 6:04 pm

ETHUSD

On Wednesday, 8,122.32 Ether (ETH) valued at $21.1M was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -9.32% yesterday.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 6:00 pm

BTCUSD

ETHE

ETHUSD

JPM

The SEC has approved applications for spot Bitcoin ETFs, potentially boosting Bitcoin's price. Meanwhile, Congressman Mike Collins has been purchasing Ethereum, with recent trades disclosed in January. Collins' investment activity comes amid scrutiny of Congress members' trading due to potential conflicts of interest. Collins' stance on cryptocurrency was highlighted in a tweet responding to JPMorgan CEO Jamie Dimon's criticism. The approval of Bitcoin ETFs and interest in Ethereum ETFs, such as from the Grayscale Ethereum Trust, could signal increased institutional interest in cryptocurrencies.

Portfolio Pulse from Chris Katje

January 11, 2024 | 5:55 pm

VNQ

On CNBC, Brenda Vingiello discussed her contrarian investment idea for 2024, which is to invest in Real Estate Investment Trusts (REITs). She mentioned the Vanguard Real Estate ETF as a relevant investment vehicle for this strategy.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 5:48 pm