Streetbeat News

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ARKF

COIN

HOOD

Ark Investment Management, led by Cathie Wood, adjusted its crypto-linked stock holdings by purchasing shares of Robinhood Markets, Inc. (HOOD) and selling shares of Coinbase Global, Inc. (COIN). The Ark Fintech Innovation ETF (ARKF) bought 143,063 shares of HOOD and sold 43,956 shares of COIN. Despite the sale, COIN remains ARKF's top holding, while HOOD is the 11th largest. The transactions occurred amid volatility in the cryptocurrency market and speculation about the approval of a Bitcoin ETF.

Portfolio Pulse from Shanthi Rexaline

November 28, 2023 | 6:01 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (CPI) rose by 3% year-over-year, which is lower than the estimated 3.4% and equal to the prior figure of 3.4%. This indicates a stabilization in inflation rates, which could impact investor sentiment regarding Japanese markets and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 5:21 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw declines ahead of a week filled with potential macroeconomic volatility. The available supply of Bitcoin on exchanges is at its lowest since April 2018, excluding October's lows. The upcoming Bitcoin halving in April 2024 is expected to reduce the new supply entering the market by 50%, potentially increasing BTC prices. The Federal Reserve's upcoming inflation data will influence interest rate decisions, affecting Bitcoin's price. Analysts predict a positive economic trend could lead to a Bitcoin surge, with a potential to reach $40,000. Ethereum is also expected to rally, with targets around $3,100-3,600 if it breaks out of an 18-month range. Market sentiment is cautious as fear sentiment increases with altcoins retracing their gains.

Portfolio Pulse from Mehab Qureshi

November 28, 2023 | 3:14 am

BTCUSD

Robert F. Kennedy Jr., an Independent Presidential candidate, discussed the risks of central bank digital currencies (CBDCs) on the 'What Bitcoin Did' podcast, highlighting their potential to infringe on personal freedoms. He warned that CBDCs could be tied to social credit scores, allowing governments to control individual spending. Kennedy endorsed Bitcoin as a 'elegant solution' for transactional freedom, emphasizing its independence from any governing entity and its role in promoting global freedom.

Portfolio Pulse from Benzinga Neuro

November 28, 2023 | 2:55 am

AMZN

Amazon.com Inc. (NASDAQ:AMZN) is reportedly in search of approximately 50,000 square feet of office space in Miami, coinciding with founder Jeff Bezos's planned move to Florida. An Amazon spokesperson confirmed the search but stated it began before Bezos's announcement. Miami's office market is thriving, with demand from tech and financial sectors surpassing pre-pandemic levels. Bezos, who stepped down as CEO in 2021, has purchased properties in Miami and has significant wealth tied to his Amazon stake.

Portfolio Pulse from Ananya Gairola

November 28, 2023 | 1:17 am

XXII

22nd Century Group, Inc. (XXII) has entered into an agreement to sell the majority of its GVB Biopharma Hemp/Cannabis operations. The deal includes a $1 million cash payment at closing and a 12% secured promissory note for $1.25 million, payable in six monthly installments starting from the fourth month post-closing. The company intends to use the sale proceeds to reduce its debt.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:46 pm

HYZN

Hyzon Motors has entered into a purchase and sale agreement with Fulcrum Holdings on November 20, where Fulcrum will acquire a Hyzon property for $3,125,000.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:22 pm

BITF

Bitfarms has placed an order for 35,888 Bitmain T21 miners at a cost of $2,660 each, with deliveries scheduled between March and May 2024. This investment in mining hardware is a significant step for the company, indicating a commitment to expanding its mining capabilities over the next year.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:13 pm

AMD

CCL

INTC

NVDA

The VIX index, Wall Street's 'fear gauge,' has reached its lowest point since before the pandemic, signaling reduced market volatility and increased investor confidence. Despite a slight increase on Monday, the VIX remains well below its long-term average. This trend correlates with recent equity market gains, particularly in riskier stocks like Carnival (CCL), which has risen 30.6%, and chipmakers Intel (INTC), Advanced Micro Devices (AMD), and Nvidia (NVDA), with gains of 25%, 28%, and 20% respectively. The VIX's current low levels are attributed to a more benign interest rate outlook and slowing inflation rates, but there is concern that investors may be mispricing the risk of an economic downturn.

Portfolio Pulse from Neil Dennis

November 27, 2023 | 8:36 pm

ATOMUSD

Cosmos Hub's cryptocurrency, ATOM, has seen a 5.41% decrease in price over the last 24 hours, settling at $9.13. The downtrend extends over the past week with a 1.0% loss. Despite the price drop, trading volume has increased by 46.0%, and the circulating supply has risen by 0.68%, reaching 292.59 million. ATOM's market cap is currently ranked #29, valued at $2.68 billion.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 7:00 pm