Streetbeat News

Assets

SHIBUSD

Shiba Inu (CRYPTO: SHIB) experienced a 300% increase in its token burn rate as 12.46 million SHIB tokens were removed from circulation, attributed to a single large transaction. Despite a strong performance with a 33% increase in 2023, the annual burn rate is 8.33% lower than in 2022. The SHIB Ecosystem continues to grow with the launch of Shibarium, and over 1.3 million wallet addresses are now active. SHIB's price was down 1.3% at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 6:51 am

TEAF

TEAF released unaudited balance sheet information and asset coverage ratio updates as of December 29, 2023. The unaudited net asset value (NAV) was reported to be $202.5 million, or $15.01 per share.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:23 am

WMB

Williams (NYSE:WMB) has priced a public offering of $2.1 billion in Senior Notes, split into $1.1 billion at 4.900% due 2029 and $1.0 billion at 5.150% due 2034. The offering is set to settle on January 5, 2024. The proceeds are intended for general corporate purposes, including potential repayment of commercial paper notes or other debt.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:21 am

KYN

The Kayne Anderson Energy Infrastructure Fund reported its financial status as of December 31, 2023, with net assets of $1.8 billion and a net asset value (NAV) per share of $10.44. The fund's asset coverage ratios were 652% for senior securities representing indebtedness and 452% for total leverage, including debt and preferred stock.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:18 am

EPD

Enterprise Products Partners L.P. (EPD) has priced a public offering of $2 billion in senior notes, split evenly between notes due in 2027 and 2034. The proceeds will be used for general purposes, growth investments, and debt repayment, including the $850 million 3.90% Senior Notes JJ due in February 2024. The 2027 notes have a 4.60% interest rate and the 2034 notes have a 4.85% rate, with both sets of notes being issued at a slight discount. EPD will guarantee the notes unconditionally on an unsecured and unsubordinated basis, with settlement expected on January 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:14 am

COIN

MARA

MSTR

RIOT

Cryptocurrencies showed mixed performance with Bitcoin reaching a 21-month high above $45,000, while Ethereum and Dogecoin declined. Jim Cramer praised Bitcoin, reversing his bearish stance, as the market anticipates U.S. regulatory approval of a spot ETF. MicroStrategy's Michael Saylor sold $216 million worth of company shares. Coinbase shares dropped 9.8%, and Bitcoin miners like Marathon Digital and Riot Platforms saw modest losses. Analysts predict Bitcoin could hit $100k in 2024, and the global crypto market cap is at $1.73 trillion. The S&P 500 and Nasdaq Composite experienced declines on the first trading day of the year.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 2:52 am

MSTR

Michael Saylor, co-founder of MicroStrategy Inc. (NASDAQ:MSTR), has sold approximately $216 million worth of company shares. The shares were sold as part of a pre-disclosed plan to offload up to 400,000 stocks. MicroStrategy's stock has surged 372% over the past year, buoyed by the Bitcoin rally. The company recently purchased 14,620 BTC, increasing its holdings to a value of $5.9 billion. Despite the sale, Saylor believes MicroStrategy remains an attractive investment for Bitcoin exposure.

Portfolio Pulse from Mehab Qureshi

January 03, 2024 | 1:56 am

BTCUSD

SPY

The article discusses the potential impact of the upcoming Bitcoin halving in April 2024, which historically has led to price surges in Bitcoin (BTC). It reflects on the gains since the last halving on May 11, 2020, where a $1,000 investment in Bitcoin would now be worth $4,995.52, a 399.6% increase. In contrast, the SPDR S&P 500 ETF Trust (SPY) has risen 71.1% over the same period.

Portfolio Pulse from Chris Katje

January 03, 2024 | 12:21 am

TRBUSD

Tellor (TRB), a decentralized Oracle protocol, experienced a significant price drop of 13.8% in the past 24 hours after reaching an all-time high on Jan. 1, 2024. The team deposited 4,211.7 TRB worth $2.4 million post the price surge. Whales have been accumulating TRB, with wealthy traders adding 15% of the total supply to their holdings in the last seven days. On-chain data suggests that 26% of TRB's circulating supply is held by just 20 wallets, raising concerns of potential manipulation and a pump-and-dump cycle. The price action over the past month shows TRB is up by 109.3%, despite the recent drop and a narrowed trading volume by 81.9%.

Portfolio Pulse from Khyathi Dalal

January 02, 2024 | 10:39 pm

WULF

TeraWulf Inc. subsidiary TeraLease has amended its purchase agreement with Bitmain Technologies Delaware Limited to include an additional 18,500 S19j XP Miners. This amendment builds on the initial agreement from July 14, 2023, and could potentially impact TeraWulf's mining capabilities and future revenue.

Portfolio Pulse from Charles Gross

January 02, 2024 | 10:14 pm