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Assets

ETHUSD

On Wednesday, 10,162.24 Ether (ETH) valued at $23.4 million was burned due to the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -12.74% for Ether, indicating a deflationary trend, especially with the upcoming Ethereum 2.0 upgrade that is expected to further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 6:00 pm

VGZ

WPM

Vista Gold Corp. stock (VGZ) has risen following the announcement of a $20 million royalty agreement with Wheaton Precious Metals for the Mt Todd gold project.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 5:59 pm

ADAUSD

Cardano's (ADA) token has seen a significant increase in value, with a 40% gain in the past week and a 76% increase over the past month. The total value locked (TVL) in Cardano-based DeFi projects has surpassed its March 2022 peak, reaching $430.36 million. The growth is attributed to the performance of lending protocol Indigo and on-chain exchange Minswap, as well as the Djed stablecoin. Analyst Jason Appleton, also known as Crypto Crow, predicts that Cardano could become the most valuable altcoin at market peak. On-chain analytics firm Santiment noted a drop in small ADA wallets before the rally, suggesting a potential price turning point.

Portfolio Pulse from Khyathi Dalal

December 14, 2023 | 5:53 pm

BABA

Alibaba Gr Holding (NYSE:BABA) has seen a 15.79% increase in short interest since its last report, with 47.62 million shares sold short, representing 1.98% of available shares. The short interest ratio is 1.75 days to cover. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, BABA has a lower short interest as a percentage of float (1.98% vs. 11.44% average).

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 5:00 pm

DAX

EWI

EWQ

FEZ

FXE

ECB President Christine Lagarde maintained a hawkish stance in the latest press conference, contrasting with Fed Chair Jerome Powell's dovish remarks. The ECB kept interest rates unchanged and signaled no discussions on rate cuts, focusing on a data-dependent approach. The ECB plans to sell securities from its Pandemic Emergency Purchase Programme at €7.5 billion monthly. Inflation and growth projections were updated, with inflation expected to average 5.4% in 2023 and economic growth to modestly increase. The euro strengthened, while European stocks dipped but currency-unhedged ETFs saw minor gains.

Portfolio Pulse from Piero Cingari

December 14, 2023 | 4:46 pm

BKR

Baker Hughes (NASDAQ:BKR) is analyzed against competitors in the Energy Equipment & Services industry. Key financial metrics show BKR has a lower P/E and P/B ratio, suggesting undervaluation, but a higher P/S ratio, indicating potential overvaluation in sales. BKR's ROE is below the industry average, but it has strong EBITDA, gross profit, and revenue growth. BKR's lower debt-to-equity ratio compared to top peers suggests a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 4:00 pm

BEN

BLK

COIN

MSTR

TSLA

The article lists 25 key individuals to follow in 2024 for insights into cryptocurrency developments, including policy changes, innovation, and institutional adaptation. Notable figures include Nayib Bukele, Michael Saylor of MicroStrategy, Gary Gensler of the SEC, Brian Armstrong of Coinbase, and Larry Fink of BlackRock. The article highlights their contributions and influence in the crypto space, with a focus on the upcoming Bitcoin Halving and potential spot ETF approval.

Portfolio Pulse from Stjepan Kalinic

December 14, 2023 | 3:56 pm

META

Meta Platforms Inc. CEO Mark Zuckerberg is constructing a secretive $100 million compound on Kauai, Hawaii. The project, known as Kualoa Ranch, includes lavish amenities and has been underway since 2014. The use of NDAs and the compound's bunker-like features have sparked speculation and controversy. Zuckerberg has faced lawsuits over land acquisitions but also donated to local nonprofits. The trend of tech billionaires seeking secluded properties for privacy is highlighted by similar actions from Elon Musk, who is under investigation by the DOJ and SEC.

Portfolio Pulse from Rounak Jain

December 14, 2023 | 3:38 pm

SPY

UNG

The latest report on USA Natural Gas Storage showed a decrease of 55 billion cubic feet, compared to the estimated decrease of 54 billion cubic feet and the prior decrease of 117 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:30 pm

SCHW

Charles Schwab's stock is trading higher following the release of its November activity report, which showed a 7% increase in total client assets to $8.18 trillion compared to October.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 3:24 pm