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BTCUSD

ETHUSD

Ether futures premiums are now matching Bitcoin futures on the Chicago Mercantile Exchange (CME), indicating a significant shift in crypto market sentiment. Analysts from K33 Research suggest that the negative outlook on Ethereum has faded and traders are less likely to hedge Bitcoin exposure with Ether. The derivatives markets are reflecting a more optimistic outlook following Bitcoin’s latest 4% price rally. However, there is no strong evidence of a consistent rise in spot volumes.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 9:16 am

LRHC

La Rosa Holdings has launched an AI-empowered technology to support its approximately 2450 agents. The company has also created an incentive plan that allows agents to earn equity in the company.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:05 am

DOGEUSD

Kabosu, the Shiba Inu behind the Doge meme and Dogecoin (CRYPTO: DOGE), turned 18 and a statue was erected in her honor in Sakura City, Japan. The event was organized by an online community called Own The Doge, which collectively owns the Doge meme NFT. The Dogecoin Foundation, closely associated with the meme cryptocurrency, celebrated the event. At the time of writing, DOGE was trading at $0.069, up 3.76% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 8:06 am

Ford Motor Company (NYSE:F) is acquiring energy startup Auto Motive Power (AMP) to enhance its electric vehicle (EV) charging capabilities. The deal will result in the dissolution of AMP, with Ford integrating its technology, talent, and facilities into its own EV operations. AMP, which raised $26.5 million since its 2017 launch, extended its operations to power management for autonomous rideshare vehicles, drones, and hyperloop-style transport.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 7:51 am

PNW

Pinnacle West Capital's subsidiary, APS, has filed the 2023 APS Integrated Resource Plan (IRP) at the Arizona Corporation Commission. The IRP provides a 15-year outlook on electricity needs of APS customers and necessary investments to meet those needs, considering the unprecedented growth of people and businesses moving to Arizona.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:47 am

BTCUSD

DOGEUSD

FLOKIUSD

PEPEUSD

SHIBUSD

SOLUSD

Bitcoin's price surge above $35,000 has led to gains in meme coins and altcoins, including Shiba Inu, Floki, Dogecoin, and Pepe. The U.S. Federal Open Market Committee maintained the benchmark fed funds rate range at 5.25%-5.50%. Bitcoin's price reached a new 18-month high, surpassing $35,500.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 4:55 am

BRK

BYDDF

Charlie Munger, vice-chairman of Berkshire Hathaway, expressed concerns about the aggressive nature of the auto industry, particularly with the rise of electric vehicles. He mentioned his investment in BYD, a Chinese battery maker and major player in the EV market, which he persuaded Warren Buffett to acquire a 9.9% stake in 2008. Despite his admiration for BYD and its CEO, Munger admitted the company's aggressive strategies make him nervous.

Portfolio Pulse from Benzinga Neuro

November 02, 2023 | 4:41 am

BTCUSD

ETHUSD

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has reported a paper gain of $900 million on its 158,400 Bitcoin (BTC) holdings, due to the recent surge in Bitcoin’s price. The company added 6,067 BTC to its holdings in the third quarter, despite recording a net loss of $143.4 million. The current value of the holdings stands at $5.640 billion, reflecting a 20% increase. However, had MicroStrategy invested the same amount in Ethereum (ETH), they would now possess 3,971,678 ETH, resulting in a value of $7.40 billion.

Portfolio Pulse from Mehab Qureshi

November 02, 2023 | 4:34 am

BBJP

DXJ

EWJ

The yield on the 10-year Japanese Government Bond (JGB) at the latest auction was 0.910%, higher than the previous yield of 0.768%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:34 am

EWA

Australia's trade balance for September was reported at 6.786B, lower than the estimated 9.400B and the revised prior figure of 10.161B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:33 am