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The U.S. Court of Appeals has finalized the forfeiture of approximately 69,370 Bitcoin and other cryptocurrencies, valued at over $3.4 billion, from the Silk Road online black market. This ruling concludes the legal battle that began with the 2013 arrest of Silk Road founder Ross Ulbricht. The seized cryptocurrencies have significantly appreciated in value since Ulbricht's arrest. The decision marks a victory for law enforcement in cryptocurrency-related criminal activity and sets a precedent for future digital asset seizures.

Portfolio Pulse from Murtuza Merchant

December 20, 2023 | 11:15 pm

BONKUSD

SOLUSD

XRPUSD

Solana (CRYPTO: SOL) has surged 12% and overtaken XRP (CRYPTO: XRP) to become the fifth-largest cryptocurrency by market cap, now valued at $35.5 billion. The increase is attributed to new projects, airdrops, and a high total value locked (TVL), which reached $1.79 billion. Solana's decentralized exchanges (DEX) have also seen a rise in trading volume, with significant growth in TVL for projects like Marinade Finance, Jito, Marginfi, Kamino, and Orca. BONK (CRYPTO: BONK), a coin on the Solana network, has seen a market cap increase to $1.2 billion and a 337% surge in monthly gains. Crypto analysts and traders are expressing optimism about Solana's future.

Portfolio Pulse from Khyathi Dalal

December 20, 2023 | 10:02 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has significantly outperformed the market, with an average annual return of 27.66% over the past 10 years. An initial investment of $1000 in ODFL a decade ago would now be worth $11,376.06. The company's current market capitalization stands at $43.87 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:30 pm

NXPI

Over the past 5 years, NXP Semiconductors (NASDAQ:NXPI) has produced an average annual return of 25.44%, outperforming the market by 11.72%. A $1000 investment in NXPI 5 years ago would be worth $3,291.98 today. The company's market capitalization stands at $57.37 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 9:30 pm

CTO

CTO Realty Growth, Inc. (NYSE:CTO) sold Sabal Pavilion, a single tenant office property in Tampa, FL, for $22M, incurring a $0.7M loss. CTO provided a $15.4M mortgage to the buyer at 7.5% interest. The sale is part of CTO's asset disposition strategy, with proceeds intended for a 1031 Exchange and to repay part of their credit facility debt. The company has sold nine properties year-to-date, with total gains of $6.3M.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:19 pm

MU

Micron Technology Inc. announced during a conference call that its projected capital expenditures for fiscal 2024 will be between $7.5 billion and $8 billion. This investment is primarily aimed at supporting the production ramp-up of HBM3E, a high-bandwidth memory technology.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:18 pm

IVA

Inventiva has announced the randomization of the first patient in China for the NATiV3 Phase III clinical trial, which has triggered a milestone payment of $3 million from CTTQ. This payment enables Inventiva to meet the conditions required to draw the second €25 million tranche of its loan from the European Investment Bank (EIB).

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:04 pm

MS

Morgan Stanley is considering investing $1 billion to $2 billion of its own money into a new private credit fund, while also seeking to raise an additional $4 billion to $5 billion from limited partners. The discussions are still in preliminary stages and details are confidential.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:51 pm

FORD

Forward Industries Inc. has disclosed in an SEC filing that the estimated costs for exiting its Retail Distribution Operations will be about $1.7 million. This decision, made by a special committee of the Board of Directors on July 21, 2023, follows operating losses reported by the segment: approximately $1.062 million for the six months ended March 31, 2023, and $1.809 million for the fiscal year ended September 30, 2022. The company's Design and OEM Distribution businesses will not be affected by this exit.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 8:06 pm

TMUS

Over the past 10 years, T-Mobile US (NASDAQ:TMUS) has delivered an average annual return of 17.04%, outperforming the market. A $100 investment in TMUS a decade ago would now be worth $487.45. T-Mobile US currently has a market cap of $179.60 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 8:00 pm