Streetbeat News

Assets

BTCUSD

DEFI

ETHUSD

The SEC has postponed decisions on two cryptocurrency-related ETF applications: Hashdex's proposal to convert its Bitcoin futures ETF into a spot Bitcoin ETF and Grayscale's bid to launch an Ether futures ETF. The initial decision deadline of Nov. 17 has been extended, with no new date provided for Hashdex and Jan. 1, 2024, set for Grayscale. Despite historical rejections of similar products and concerns over market manipulation, the price of Bitcoin has risen by over 5% following the news.

Portfolio Pulse from Murtuza Merchant

November 15, 2023 | 8:31 pm

EQIX

Equinix (NASDAQ:EQIX) has delivered an average annual return of 18.89% over the past 20 years, outperforming the market by 11.37% annually. A $100 investment in EQIX 20 years ago would be worth $3,487.90 today. The company's current market capitalization stands at $73.19 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:30 pm

KRE

SPY

Fitch Ratings has projected that US regional banks will continue to face funding and growth challenges in 2024. The challenges are attributed to competitive deposit pricing and a potential economic slowdown, which could particularly affect smaller banks lacking scale.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:24 pm

HNRA

HNR Acquisition Corp (NYSE:HNRA) has completed its acquisition of Pogo Resources, LLC, gaining control of the Grayburg-Jackson oil field in the Permian Basin. The field has significant production potential, with plans to increase output from 1,400 to 4,000 barrels per day in three years. Pogo's assets include 13,700 acres, 343 producing wells, and 207 injection wells. Pogo generated $35 million in revenue in 2022. HNRA's management team, with extensive industry experience, aims to grow the company and expand revenues and profits through strategic acquisitions and a hedging program to protect profits.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:20 pm

BNBUSD

MANA

NEAR

Binance Japan, a subsidiary of Binance (CRYPTO: BNB), is expanding its offerings by adding 13 new tokens to spot transactions starting Nov. 27. The additions are part of Binance's goal to trade 100 currencies and include tokens such as Hedera Hashgraph (HBAR), Near Protocol (NEAR), and Decentraland (MANA). Four tokens will also be part of Binance's 'Simple Earn' service. Binance Japan's expansion follows the exit of Coinbase and Kraken from the Japanese market earlier in 2023. In related news, Binance Labs invested in ARKM, the native token of Arkham, which surged 17% following the announcement.

Portfolio Pulse from Khyathi Dalal

November 15, 2023 | 8:01 pm

URI

United Rentals (NYSE:URI) has significantly outperformed the market with an average annual return of 36.74% over the past 15 years. A $100 investment in URI 15 years ago would be worth $9,727.53 today. The company's current market capitalization stands at $32.57 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 8:00 pm

FIXT

NVDA

SPCE

UFO

Southwest Iceland is on high alert for a potential volcanic eruption, the largest in 50 years, following thousands of earthquakes. A state of emergency has been declared, and residents of Grindavik are evacuating. The eruption could impact air travel and the local geothermal power plant. The situation has highlighted the importance of companies involved in disaster monitoring and recovery. Procure has two ETFs, the Procure Space ETF (UFO) and the Procure Disaster Recovery Strategy ETF (FIXT), which include companies like Virgin Galactic (SPCE) and Nvidia (NVDA), focusing on disaster preparedness and response.

Portfolio Pulse from Melanie Schaffer

November 15, 2023 | 7:50 pm

BTBT

CAN

CIFR

CLSK

COIN

HUT

MARA

MSTR

RIOT

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:48 pm

TSLA

Cathie Wood, CEO of Ark Invest, praised Tesla Inc (NASDAQ:TSLA) as the world's largest AI player, highlighting its access to proprietary data from 5 million 'robots' (vehicles) worldwide. Wood emphasized Tesla's advantage in AI for autonomous vehicles and expects Tesla's market share to increase as legacy automakers like Ford and GM pull back on EV strategies. Tesla remains a top holding in Ark's flagship fund, specifically the third-largest in the Innovation ETF with an 8.59% weighting. Tesla shares have risen approximately 97% since the start of the year.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 7:33 pm

NUE

Over the past 20 years, Nucor (NYSE:NUE) has delivered an average annual return of 12.93%, outperforming the market. A $1000 investment in NUE 20 years ago would be worth $11,679.79 today. Nucor's market capitalization currently stands at $38.47 billion.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 7:30 pm