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ETHUSD

On Thursday, 7,005.47 Ether (ETH) valued at approximately $14.75 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -7.57% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 6:00 pm

BRK-A

BRK-B

Berkshire Hathaway Inc. has sold its entire 2.5% stake in India's Paytm through a block deal, exiting the investment with a sale of 15.6 million shares at 877.20 rupees each, totaling approximately $167.94 million. The shares were sold on India's National Stock Exchange, and the buyers included Copthall Mauritius Investment Ltd. and Ghisallo Master Fund LP. Berkshire Hathaway's shares (BRK-A and BRK-B) saw a slight decrease in their last trading session.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 5:38 pm

BNBUSD

BTCUSD

DOGEUSD

ETHUSD

SOLUSD

Bitcoin (BTC) surpassed the $38,000 mark, influenced by the potential approval of spot Bitcoin ETFs and Binance's settlement with the U.S. DoJ. Binance, under CEO Changpeng Zhao, agreed to pay $4.3 billion to resolve investigations, avoiding operational disruption and jail for Zhao. The ETF anticipation has increased Bitcoin transaction fees. Other cryptocurrencies like Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), Solana (SOL), and Shiba Inu (ADA) also saw gains.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 5:38 pm

CLSK

CleanSpark, Inc. (NASDAQ:CLSK) stock is trading higher by over 11% as Bitcoin reaches new 52-week highs, influenced by various catalysts including the election of a pro-cryptocurrency Argentine president, a DOJ settlement with Binance, and the anticipation of a spot Bitcoin ETF. CleanSpark's trading volume has surpassed its 100-day average, and the stock is trading above its 50-day moving average, nearing its 52-week high.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 5:19 pm

BA

EADSY

Thai Airways International Pcl is planning a major fleet expansion by acquiring up to 90 aircraft from Airbus SE (OTC:EADSY) and Boeing Co (NYSE:BA). The order includes up to 80 twin-aisle jets and negotiations for leasing around a dozen narrowbody aircraft. The deliveries are expected to start in 2026, with Thai Airways potentially acquiring up to 40 Boeing 787 Dreamliners. Boeing shares saw a slight decrease of 0.15% to $217.38.

Portfolio Pulse from Shivani Kumaresan

November 24, 2023 | 5:08 pm

BKKT

CLSK

MARA

MSTR

RIOT

Crypto-related stocks BKKT, CLSK, MARA, MSTR, and RIOT are trading higher due to recent gains in major cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:55 pm

USO

OPEC+ is nearing a resolution to the oil quota dispute that led to the postponement of a key meeting. The dispute arose from a June agreement that imposed lower quotas on African nations, specifically Angola and Nigeria. Adjustments to the 2024 targets for these countries are being discussed to address their concerns. The resolution of the dispute is critical as it has delayed the policy-setting meeting in Vienna, now rescheduled for November 30.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:10 pm

ASML

ASML Holding (NASDAQ:ASML) is analyzed against its peers in the Semiconductors & Semiconductor Equipment industry. ASML leads in photolithography systems and primarily serves TSMC, Samsung, and Intel. It shows potential for growth with a lower P/E ratio than the industry average, trades at a premium based on its P/B ratio, and may be overvalued in terms of P/S ratio. ASML's ROE, EBITDA, gross profit, and revenue growth are significantly higher than the industry average, indicating strong financial performance. The company also has a favorable debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

AMGN

Amgen (NASDAQ:AMGN) is analyzed in comparison to its biotechnology industry peers. It has a lower P/E ratio, suggesting potential for growth, but higher P/B and P/S ratios, indicating possible overvaluation. Amgen's ROE, EBITDA, gross profit, and revenue growth are above industry averages, showing strong financial performance. However, a high debt-to-equity ratio could signal financial risk. Amgen's portfolio includes drugs for various diseases and a growing biosimilar portfolio, with recent acquisitions enhancing its offerings.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:00 pm

MA

Mastercard (NYSE:MA) has seen a 3.64% rise in short interest since the last report, with 4.69 million shares sold short, representing 0.57% of available shares. It would take about 1.54 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Mastercard has less short interest compared to its peer group average of 6.28%. This data suggests investors should be cautious, but not necessarily expect a near-term decline in stock price.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 3:45 pm