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COIN

Blockchain-focused venture capital firm Lightspeed Faction has launched its first $285 million venture fund, Faction, to invest in early-stage blockchain projects. The fund will provide resources on various topics to blockchain entrepreneurs. Faction's team includes members from Amber Group, Blockchain.com, and Coinbase Global Inc. Lightspeed Faction is a joint venture with Lightspeed Venture Partners, combining Faction's crypto-only approach with Lightspeed's Silicon Valley roots and business scaling resources.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 9:57 pm

BTCUSD

Benzinga has identified three potential catalysts that could boost Bitcoin's value: the approval of spot Bitcoin ETFs, the Bitcoin halving event, and the perception that Bitcoin is currently undervalued. The approval of spot Bitcoin ETFs would legitimize Bitcoin as an investable asset and could lead to a significant influx of institutional money into the cryptocurrency market. The Bitcoin halving event, expected in 2024, could decrease supply and drive prices higher if demand remains strong. The perception that Bitcoin is undervalued could lead to a reassessment of its true value and adjust its price accordingly.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 9:56 pm

BTCUSD

CELUSD

Celsius Network LLC (CRYPTO: CEL) has received approval from a bankruptcy court to reorganize into a Bitcoin (CRYPTO: BTC) mining business owned by creditors. The plan is designed to settle client accounts that have been inaccessible for over a year. The company, which faced financial collapse during a crypto market slump, has garnered support from its creditors for its Chapter 11 bankruptcy route. The restructuring plan has been approved despite accusations of fraudulent activities by former chiefs.

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 9:49 pm

HUMA

Humacyte, Inc. (HUMA) reported its cash and cash equivalents as of September 30 to be $100 million.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:46 pm

LUNA

Terraform Labs co-founder Do Kwon is under renewed scrutiny due to possible undisclosed interactions with Jump Crypto President Kanav Kariya. Amid the aftermath of TerraUSD's $40 billion financial implosion, Kariya is now involved in SEC investigations over alleged private agreements with Kwon. The SEC is examining whether Jump engaged in influencing UST's price and AnchorUST for purported advantages in May 2021. This news has cast a renewed focus on the scrutiny surrounding LUNA and UST, the digital assets at the heart of the crisis.

Portfolio Pulse from Khyathi Dalal

November 09, 2023 | 9:27 pm

GRPN

Groupon (GRPN) plans to raise approximately $100 million through a fully backstopped equity rights offering and non-core asset sales.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:17 pm

COIN

FTTUSD

XRPUSD

Ripple (XRP) is ready to take its legal battle with the Securities and Exchange Commission (SEC) to the Supreme Court. The SEC and Ripple have been in a legal dispute since 2020 over whether the XRP digital token should be registered as a security. The SEC recently requested the judge to drop parts of its litigation directly against Ripple co-founder Christian Larsen and CEO Brad Garlinghouse. The SEC is also involved in litigation with other crypto giants, including Coinbase Global Inc. (COIN).

Portfolio Pulse from Murtuza Merchant

November 09, 2023 | 9:15 pm

MSFT

Microsoft (NASDAQ:MSFT) has outperformed the market over the past 5 years by 17.78% on an annualized basis, producing an average annual return of 27.54%. If an investor had bought $1000 of MSFT stock 5 years ago, it would be worth $3,377.02 today.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 9:01 pm

BLK

BTCUSD

The value of Bitcoin (CRYPTO: BTC) and its potential for a price surge is being debated, with upcoming crypto catalysts such as the Bitcoin Halving and the potential approval of a spot Bitcoin ETF by the SEC. Blockchain technology, which underpins Bitcoin and other cryptocurrencies, is also being discussed for its potential use cases, including tokenization. Industry leaders including BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join the Future of Digital Assets conference on Nov. 14.

Portfolio Pulse from Tanzeel Akhtar

November 09, 2023 | 8:57 pm

GWW

Financial giants have made a bearish move on W.W. Grainger (NYSE:GWW), with 70% of traders showing bearish tendencies. The analysis of options history revealed 10 unusual trades, with 3 puts and 7 calls. The whales have been targeting a price range from $700.0 to $960.0 for W.W. Grainger over the last 3 months. The price of GWW is currently at $781.02, with RSI indicators hinting at an overbought situation.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 8:47 pm