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El Salvador's National Bitcoin Office (ONBTC) expects its 'Freedom Visa' initiative, in collaboration with Tether, to be fully subscribed by the end of 2023. The program offers residency and citizenship for a $1 million donation in Bitcoin or Tether. The initiative could inject $1 billion into the Salvadoran economy annually, and the country's Bitcoin bond, the 'Volcano Bond,' is set to launch in Q1 2024.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 11:46 am

EWU

The U.K. trade balance with non-EU countries for October showed a deficit of -4.83 billion, compared to the previous figure of -4.45 billion.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 7:09 am

IEP

Icahn Enterprises has priced $500 million in senior notes due in 2029 through a private placement. The proceeds will be used to redeem their existing 4.75% Senior Unsecured Notes due in 2024. The notes will be guaranteed by Icahn Enterprises Holdings L.P. and Wilmington Trust, National Association will act as trustee. There is no guarantee that the sale of the debt securities will be completed.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:50 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a 0.51% decrease in its supply on exchanges over the past month, indicating less selling pressure and potential for price gains. The Shibarium network has experienced a surge in transactions and wallet count since its launch, with a significant number of SHIB tokens burned recently. Despite these developments, SHIB's price has dropped by 2.75% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 5:42 am

BBJP

DXJ

EWJ

Japan's Tankan survey for Q4 shows a 13.5% increase in capital expenditure by large industries, surpassing the 12.4% estimate and slightly below the 13.6% figure from the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 5:39 am

TSLA

Tesla Inc (NASDAQ:TSLA) has received land-use permits for a new gigafactory in Nuevo Leon, Mexico. The state government announced the decision, with the plant covering 261 hectares. The project is estimated to cost over $5 billion, with the local government committing over $130 million to infrastructure support. The factory is expected to generate $15 billion over two years through Tesla and its suppliers. Tesla's expansion into Mexico is part of its global growth strategy and aligns with the nearshoring trend. Despite economic uncertainty, Tesla's market share remains strong, especially in China, where it saw a 4.8% year-over-year increase in new energy vehicle sales in November.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 5:34 am

ADPT

COIN

CRSP

TOST

TXG

Ark Invest, led by Cathie Wood, sold 82,255 shares of Coinbase Global Inc (COIN) worth approximately $11.5 million across three ETFs: ARKK, ARKW, and ARKF. This move reflects a strategic shift as the cryptocurrency market, including Bitcoin, shows signs of a downturn. In contrast, Ark Invest increased its positions in Toast Inc (TOST), CRISPR Therapeutics AG (CRSP), Adaptive Biotechnologies (ADPT), and 10X Genomics Inc (TXG), indicating a pivot towards technology and biotech sectors.

Portfolio Pulse from Benzinga Neuro

December 13, 2023 | 4:23 am

BTCUSD

DOGEUSD

ETHUSD

Ahead of the FOMC meeting, Bitcoin, Ethereum, and Dogecoin experienced price corrections. Bitcoin is undergoing a standard pre-FOMC correction, with a bounce expected within 24 hours, particularly with a focus on Ethereum. Over 70,162 traders were liquidated in the last 24 hours, with total liquidations reaching $156.71 million. The largest single liquidation order was on ETH-USD-SWAP valued at $2.11 million. The global crypto market cap decreased by 0.59% to $1.5 trillion. The S&P 500 and Nasdaq Composite saw gains. Analysts predict Bitcoin may see further downward movement but remain bullish on a higher time frame. Santiment reports increased Bitcoin movement back to exchanges and a 6.9% increase in USDT on exchanges.

Portfolio Pulse from Mehab Qureshi

December 13, 2023 | 3:07 am

XPO

YELL

XPO Logistics has received approval to acquire 28 service centers as part of Yellow Corporation's Chapter 11 bankruptcy proceedings. The deal involves the purchase of 26 service centers and the assumption of leases for two additional locations, with the transaction expected to close by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:38 pm

BTC

USDT

S&P Global Ratings assigned a 'constrained' stability assessment to Tether (USDT) due to transparency concerns in reserve management and asset composition. The '4' rating reflects the lack of detailed information about custodians, counterparties, and bank account providers for USDT's reserves. Tether's reserves include U.S. treasury bills and cash equivalents, but also higher-risk assets with limited disclosure, subjecting them to credit, market, interest rate, and foreign currency risks. The rating could improve with increased disclosure and a shift to lower-risk assets, or enhanced regulation. Conversely, a shift to higher-risk assets could worsen the assessment.

Portfolio Pulse from Murtuza Merchant

December 12, 2023 | 10:06 pm