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LINKUSD

Chainlink's (CRYPTO: LINK) price has decreased by 4.47% in the last 24 hours, reaching $15.53, continuing a negative trend from the past week with a 1.0% loss. The trading volume has increased by 3.0% over the past week, while the circulating supply decreased by 0.44%, now at 556.85 million coins. Chainlink's current market cap is $8.65 billion, ranking it 15th.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 7:00 pm

USO

The US Baker Hughes Total Rig Count has increased to 622 from the prior count of 620, indicating a slight rise in active drilling rigs in the United States.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 6:05 pm

ETH-USD

On Thursday, 6,392.42 Ether (ETH) valued at approximately $14.67 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, but with the upcoming Ethereum 2.0 upgrade, it is expected to drop to 0.5-1%, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -6.49% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 6:00 pm

AVAXUSD

The Avalanche Foundation has announced an initiative to integrate meme coins into its Culture Catalyst program, aiming to empower creators and accelerate blockchain adoption. The program, launched last year, supports creativity and culture through blockchain technology. The foundation will purchase select Avalanche-based meme coins to create a collection that reflects the cultural significance of these tokens. The selection criteria include the number of holders, liquidity, project maturity, fair launch principles, and social sentiment. This move is part of Avalanche's strategy to diversify its engagement and portfolio within the crypto asset landscape.

Portfolio Pulse from Murtuza Merchant

December 29, 2023 | 5:54 pm

ETH-USD

Vitalik Buterin, co-founder of Ethereum, has published a blog post urging the Ethereum community to realign with its original values of being permissionless, decentralized, censorship-resistant, and open-source. He reflects on the early vision of 'Web3' and notes a shift towards financialization since 2017. Buterin identifies challenges like high transaction fees but also positive developments in 2023 such as rollups and privacy solutions. He reiterates core Ethereum values and discusses its role in decentralized technologies, emphasizing the importance of a strong social layer to uphold these values.

Portfolio Pulse from Murtuza Merchant

December 29, 2023 | 5:37 pm

AMD

CAN

CIFR

CLSK

INTC

MARA

MSFT

MSTR

NVDA

RIOT

Whale activity in the Information Technology sector has been detected, indicating large transactions in options for several companies. The activity includes both bullish and bearish sentiments for different stocks, with varying expiration dates and strike prices. Notable transactions were observed for CAN, MARA, MSFT, CIFR, NVDA, RIOT, AMD, INTC, MSTR, and CLSK. The details of the transactions, such as the type of option (CALL or PUT), sentiment, expiration date, strike price, total trade price, open interest, and volume, provide insights into potential market movements.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 5:35 pm

BTCUSD

VanEck Bitcoin Trust has filed an amended S-1 document with the SEC, indicating its ongoing efforts to launch a Bitcoin-related investment product. The filing is a step towards offering a regulated investment vehicle that would provide exposure to Bitcoin for institutional and retail investors.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 5:34 pm

JAGX

Iliad Research & Trading, L.P. has reported a 9.6% passive stake in Jaguar Health, a pharmaceutical company.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 4:21 pm

COST

The analysis of Costco Wholesale (NASDAQ:COST) in the Consumer Staples Distribution & Retail industry reveals a high PE, PB, and PS ratio compared to industry averages, suggesting a premium stock valuation. Costco's ROE and EBITDA are above average, indicating profitability and efficiency. However, lower gross profit and revenue growth could signal challenges ahead. The company's low debt-to-equity ratio suggests a strong financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 4:00 pm

SHIBUSD

Shiba Inu (SHIB) saw significant whale activity with a transfer of 4.25 trillion tokens worth $44.9 million and a separate receipt of 417 billion tokens worth $4.4 million by a new address. The SHIB community burned 13.14 million coins, increasing the burn rate by 17.6%. Despite these activities, SHIB's price dropped by 1.1% in the last 24 hours, with a 27.5% gain over the past 30 days. Trading volume decreased by 12.7%. Marketing lead Lucie hinted at future developments for SHIB, and SHIB Bezos tweeted about potential revenue generation and SHIB burning through Shibarium.

Portfolio Pulse from Khyathi Dalal

December 29, 2023 | 3:24 pm