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DOGEUSD

FLOKIUSD

Floki (FLOKI), a cryptocurrency rival to Dogecoin (DOGE), experienced a 600% increase in its burn rate with over 218 million tokens destroyed in a single day. Concurrently, TokenFi (TOKEN), a related token, locked over 300 million tokens in its staking program for up to four years, representing over 21% of its circulating supply. A crypto analyst, Crypto Tony, suggested that if Dogecoin breaks the resistance level of $0.106, it could trigger a significant price surge for DOGE and subsequently for FLOKI.

Portfolio Pulse from Mehab Qureshi

January 04, 2024 | 7:28 am

FGF

FGFPP

FG Financial Group and FG Group Holdings have announced a merger to form Fundamental Global Inc. The merger is expected to result in significant expense savings, improved scale, and capital efficiency. The combined entity will have over $110 million in total assets and $65 million in annual revenue. Post-merger, the company will trade on Nasdaq under the tickers 'FGF' for common stock and 'FGFPP' for Series A cumulative preferred stock.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:14 am

BTCUSD

A cryptocurrency whale deposited 3,100 BTC into Binance before Bitcoin's price dropped to $40K, potentially making a $78M profit. The BTC was originally withdrawn from HTX when the price was $20,000. The market slump coincided with concerns over the SEC potentially rejecting spot Bitcoin ETF applications.

Portfolio Pulse from Mehab Qureshi

January 04, 2024 | 6:43 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', is urging his followers to pay attention to the upcoming Bitcoin halving, an event that reduces the rate of new Bitcoin creation by half. He believes that Bitcoin owners could become wealthier due to the Federal Reserve's monetary policy changes. Kiyosaki advocates for long-term investment in Bitcoin and suggests diversifying with assets like gold, silver, and Bitcoin to protect wealth during economic downturns. BTC was trading at $43,161, down 4.61% on Wednesday.

Portfolio Pulse from Mehab Qureshi

January 04, 2024 | 4:00 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experienced significant declines, with over $600 million in long positions liquidated. The drop followed a report by Matrixport's Markus Thielen predicting the SEC's rejection of spot Bitcoin ETF applications, contradicting their previous positive forecast. The Nasdaq Composite and S&P 500 also fell, reflecting a sell-off in tech stocks amid uncertainty about Federal Reserve rate cuts. Analysts suggest buying dips in Bitcoin and anticipate trading ranges for the cryptocurrency.

Portfolio Pulse from Mehab Qureshi

January 04, 2024 | 3:27 am

SAVE

Spirit Airlines Inc. has finalized sale-leaseback transactions for 25 aircraft, as per an SEC filing. These transactions allowed the company to repay approximately $465 million of debt on the aircraft and generated net cash proceeds of about $419 million.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:42 pm

MUR

Murphy Oil announced the completion of drilling at the Oso #1 exploration well in Atwater Valley 138, Gulf of Mexico. The company has revised its Q4 exploration expense guidance from $53M to $83M, which includes a net well cost of $64M for Oso, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:39 pm

SPY

USO

The American Petroleum Institute (API) reported a significant draw in crude oil inventories of 7.418 million barrels, compared to the estimated draw of 2.967 million barrels and the prior build of 1.837 million barrels.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:33 pm

HD

Home Depot (NYSE:HD) has delivered an average annual return of 15.29% over the past 10 years, outperforming the market by 5.46% on an annualized basis. A $100 investment in HD stock a decade ago would be worth $417.09 today. Home Depot's market capitalization currently stands at $336.60 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 9:30 pm

WMB

Williams (NYSE:WMB) has completed the acquisition of a natural gas storage asset portfolio from an affiliate of Hartree Partners LP for $1.95 billion. The assets include six storage facilities in Louisiana and Mississippi, 230 miles of gas transmission pipeline, and 30 pipeline interconnects. The acquisition is expected to enhance Williams' transportation network to meet the growing demand for natural gas, particularly for LNG exports and power generation. The facilities have a total capacity of 115 Bcf and are among the highest in injection and withdrawal capacity in the U.S.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 9:22 pm