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Precious metals stocks are trading higher as gold and silver prices increase due to a decline in the US dollar following the release of October CPI data.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:00 pm

BTCUSD

ETHUSD

GOOG

GOOGL

At Benzinga's 'Future of Digital Assets' event, Widmann expressed his belief that smaller scale projects will be key in transforming the structures of capital markets.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 7:32 pm

XRPUSD

XRP (CRYPTO: XRP) has experienced a 5.83% price drop over the past 24 hours, continuing a weekly decline of 5.0%. Despite increased trading volume, the circulating supply has slightly decreased. XRP's market cap ranks it 5th at $33.60 billion.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 7:00 pm

ETHUSD

Ethereum (CRYPTO: ETH) has seen a price drop of 5.89% in the last 24 hours, falling to $1,969.21, despite a 7.0% increase over the past week. The volatility of Ethereum is highlighted by the Bollinger Bands in the provided chart. Trading volume has risen by 5.0% over the week, and the circulating supply has slightly increased by 0.02% to over 120.26 million. Ethereum's market cap remains at $240.00 billion, maintaining its position as the second-largest cryptocurrency.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 7:00 pm

LMT

Lockheed Martin has expanded its presence in Huntsville with the opening of a new 25,000-square foot missile defense lab, costing $16.5 million. This facility enhances the company's digital integration capabilities for the nation's homeland defense interceptor program.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:57 pm

MCO

NTRS

At the Benzinga Future of Digital Assets conference, experts including Rajeev Bamra from Moody's Corp. (MCO) and Patrick Martinez from Northern Trust Corp. (NTRS) discussed the potential of blockchain to coexist with traditional assets and enhance transaction security and efficiency. They highlighted the growth in digital bond issuances and the evolving role of traditional financial institutions in the digital asset space. Martinez mentioned Northern Trust's partnership with Standard Chartered to establish Zodia, a cryptocurrency custodian. The panelists believe blockchain integration with the entire finance value chain is key to future growth, with predictions of trillions in growth by 2030.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 6:33 pm

SPY

Fed's Goolsbee expressed that the March bank failures initially suggested a potential credit crunch, but this did not occur. He also noted that commercial real estate is still an area of concern and that the labor force participation rate has rebounded more than anticipated.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 6:28 pm

AMZN

PYPL

John Liu, Head of Product Web3/Blockchain at Amazon.com Inc, discussed the potential impact of a Bitcoin ETF, stablecoins, and tokenization on institutional adoption of crypto at Benzinga's Future of Digital Assets Conference. He highlighted the ease a Bitcoin ETF would provide for companies seeking crypto exposure, the efficiency of stablecoins in payments, and the benefits of tokenizing assets for transparency and efficiency. Liu also noted the challenges in scaling blockchain technology and the importance of balancing institutional needs with innovation.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 6:10 pm

ETHUSD

On Monday, 9,915.61 Ether (ETH) valued at $20,130,574 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. Ethereum's current issuance rate is 4% per year, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -12.40% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 6:00 pm

BTCUSD

Mark Yusko, CEO of Morgan Creek Capital Management, at Benzinga's Future of Digital Assets event, shared his vision of Bitcoin becoming the primary settlement layer for all global assets. He compared the current state of digital assets to the early days of the internet and sees blockchains as the future backbone for the 'Internet of Everything.' Yusko believes that Bitcoin's security and decentralized nature will make it the base layer for asset transfer and settlement, despite initial skepticism and regulatory challenges faced by the industry.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 5:52 pm