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SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate increased by 500% with over 83 million SHIB tokens burned, coinciding with increased activity on its Layer-2 platform Shibarium, which has logged over 4.25 million transactions. Despite a delay in its launch, Shibarium's daily transactions recently doubled to nearly 35,000. SHIB's price is currently at $0.0000082, down 1% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 4:10 am

BTCUSD

DOGEUSD

ETHUSD

The cryptocurrency market saw mixed results, with Bitcoin (BTC) slightly up, Ethereum (ETH) down, and Dogecoin (DOGE) up. The race for a Bitcoin ETF is heating up with 13 entrants, including Pando, BlackRock, ARK Invest, and Grayscale. The FTX estate received approval to sell trust assets worth $873 million. The global crypto market cap increased by 2.47% to $1.43 trillion. U.S. economic data showed stronger Q3 growth than expected, which could influence the December Fed meeting. Analysts predict a potential breakout for Bitcoin above $38K, while Altcoins may rally after an initial drop in BTC.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 2:52 am

COIN

Swiss asset management firm Pando Asset AG has filed an S-1 registration statement for a spot Bitcoin ETF, aiming to list it on Nasdaq under the symbol PBC. The Bank of New York Mellon (BK) is to be the administrator, while Coinbase (COIN) is the custodian. Pando acknowledges competitive risks, including the potential for inadequate liquidity and the challenge of accumulating significant assets. The SEC has over 10 pending Bitcoin ETF applications from companies like BlackRock (BLK), Fidelity, and Ark Invest.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 12:49 am

ERJ

Porter Airlines has exercised purchase rights for an additional 25 Embraer E195-E2 jets, adding to their existing order of 50 jets. The deal is valued at $2.1 billion at list prices.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 10:25 pm

ADAUSD

AVAXUSD

ETHUSD

SOLUSD

TRXUSD

Solana (SOL) has seen a significant increase of over 80% in the past month, outperforming other Layer-1 cryptos such as Ethereum (ETH) and Bitcoin. With a market cap expansion of 3.9% and a 70% surge in the past 30 days, SOL's year gains are at 340%. The blockchain's speed and cost efficiency, along with the upcoming Firedancer validator, are notable developments. Solana's adoption by Visa and Shopify, and positive remarks from ARK Invest's CEO Cathie Wood, contribute to its strong performance. The digital asset sector has seen large inflows, with Solana receiving $3.5 million.

Portfolio Pulse from Khyathi Dalal

November 29, 2023 | 9:57 pm

ARKK

GLD

MAGS

QQQ

TLT

The Bureau of Economic Analysis is set to release the October Personal Consumption Expenditure (PCE) index, the Fed's preferred inflation gauge. Investors anticipate a decrease in the year-on-year headline PCE from 3.4% to 3% and a month-over-month increase of 0.1%. The core PCE is expected to show a year-on-year increase of 3.5% and a month-over-month increase of 0.2%. The CME Group’s FedWatch tool indicates a 78% probability of a rate increase by May 2024 and up to five rate cuts by December 2024. ETFs to watch include TLT, QQQ, GLD, ARKK, and MAGS, which have shown strong performance this month.

Portfolio Pulse from Piero Cingari

November 29, 2023 | 9:57 pm

DFS

Discover Financial Services (DFS) has announced in a filing that it will stop originating student loans as of February 1, 2024. Current Discover Student Loans customers and their existing loans or payments will not be affected by this change.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:40 pm

DFS

The board of Discover Financial Services has given management the green light to explore the sale of its Discover Student Loans portfolio. This strategic move could lead to a potential divestiture of the student loans segment, as the company evaluates its options.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:38 pm

OGS

ONE Gas, Inc. projects its 2024 earnings per share (EPS) to be between $3.70 and $4.00. Additionally, the company anticipates annual capital investments, including asset removal costs, to range from $750 million to $950 million for the five-year period ending in 2028.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:27 pm

AVGO

Broadcom CEO has indicated in a leaked email that the company is considering 'strategic alternatives' for two of VMware's business units. This could involve the sale or restructuring of these units as Broadcom evaluates its options.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 9:23 pm