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MMI

Marcus & Millichap (NYSE:MMI), a commercial real estate brokerage firm, announced the sale of Alta Cooley Station, a 248-unit multifamily property in Gilbert, Arizona, for $80 million. This equates to $322,581 per unit.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:05 am

DOGEUSD

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate surged by 1600% due to two significant transactions removing 131 million SHIB from circulation. A SHIB whale also moved $46 million worth of SHIB to an unidentified wallet. Shibarium, SHIB's layer-2 solution, has been handling over five million transactions daily, with 7.53 million in the last 24 hours. Despite this, over 58% of SHIB holders are facing losses, with SHIB trading down 1.16% at $0.000010.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 5:06 am

MATICUSD

Polygon's native token, MATIC, has surged 12% in the last 24 hours, surpassing the $1 mark despite a 2% decline in Bitcoin and Ethereum. Whales have increased their MATIC holdings by over 25% in the past month. Mark Cuban transferred $2.827 million worth of MATIC to Coinbase, but his remaining MATIC holdings are minimal. Trading volumes for MATIC have increased by 180%, reaching $1.9 billion. Analyst Ali Martinez predicts a potential breakout for MATIC, with a target of $1.73 if it sustains a close above $0.96.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 3:54 am

BTC-USD

DOGE-USD

ETH-USD

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced declines as the anticipated 'Santa rally' did not occur. Over $200 million in long positions were liquidated, affecting 106,755 traders. Despite the overall crypto market cap decreasing by 0.86%, some cryptocurrencies like Sei, Mina, and Astar saw significant gains. Analysts suggest Bitcoin is entering a consolidation phase with resistance at $47-50K and support at $36-39K. Some expect a minor dip before a potential upward trend. Meanwhile, traditional stock indices like the S&P 500, Nasdaq, and Dow Jones saw modest gains.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 2:57 am

QQQ

TLT

Vance Howard, CEO of Howard Capital Management, predicts that long-term bonds could outperform the S&P 500 in 2024. He cites the recent rally in the bond market and expects inflation to cool down with potential rate cuts by the Federal Reserve. Howard has invested in the iShares 20+ Year Treasury Bond ETF (TLT) and recommends the Invesco QQQ Trust (QQQ) for portfolio diversification. Bonds have seen their largest monthly gain in nearly 40 years, signaling a shift in Wall Street's expectations towards rate cuts.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 1:54 am

CVX

Chevron reported a mechanical issue at its El Segundo refinery, leading to intermittent use of a safety flare. The company is working to fix the problem promptly.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:53 pm

BTCUSD

ETHUSD

Ark Invest CEO Cathie Wood, in collaboration with 21Shares, is optimistic about the SEC approving a Spot Bitcoin ETF by January 10, 2024. In an interview, she praised 21Shares for its successful crypto ETPs and discussed the potential for institutional diversification into crypto. Wood believes Bitcoin will continue to gain as a hedge against inflation and deflation, and could be treated like physical gold within five years. She also mentioned Bitcoin's potential as legal tender in emerging economies, citing El Salvador's support.

Portfolio Pulse from Khyathi Dalal

December 26, 2023 | 10:53 pm

CHCI

Comstock Holding Companies, Inc. (CHCI) has acquired an 18,150 square foot land parcel in Rockville, MD for $1.5 million through a subsidiary. The site, known as Comstock 41, is next to the Rockville Metro Station and has entitlements for housing and retail space. This acquisition complements Comstock's existing transit-oriented developments in the area and is expected to contribute to revenue and earnings growth.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:15 pm

BTBT

Bit Digital, Inc. (NASDAQ:BTBT) has announced plans to double the size of its Bitcoin mining fleet to approximately 6.0 EH/s by 2024. The company, which focuses on sustainable digital assets and AI infrastructure, aims to expand its operations significantly within the next year.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 10:02 pm

ELTX

Yekaterina Chudnovsky has reported a 19.99% stake in Elicio Therapeutics as of December 22, 2023, according to an amended 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:42 pm