Streetbeat News

Assets

CNI

Canadian National Railway (CNI) has announced a $600 million debt offering. The offering is split into two parts: $300 million 5.850% notes due 2033 and $300 million 6.125% notes due 2053.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:21 am

MMI

Institutional Property Advisors, a division of Marcus & Millichap (MMI), has closed a $106.65 million multifamily asset sale in California's San Fernando Valley.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:11 am

DOGEUSD

SHIBUSD

SOLUSD

Solana-based meme coin BONK has outperformed Dogecoin and Shiba Inu in the last 24 hours. BONK, launched on December 25, 2022, appreciated by over 3,300% to a peak of $0.00000487 in January 2023. Currently, BONK is trading at $0.0000006757, while DOGE and SHIB are up 0.25% and 0.10% respectively. Amidst the rally fueled by the Bitcoin ETF, BONK has emerged as the top meme coin performer today, generating a trading volume of over $20.5 million.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 6:10 am

BTC-USD

Bitcoin's bullish surge continues into its third week, with the cryptocurrency hovering around the $35,000 mark. Factors such as the positioning in the Bitcoin options market and the Bitcoin daily chart suggest a potential continuation of the bull move. Recent developments include the confluence of Bitcoin's options data with the potential for further price surges, indicating a shift in investor positioning. Traders are also observing the bull pennant pattern and the potential price breakthrough of the $36,300 level.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 5:28 am

BBJP

DXJ

EWJ

The Bank of Japan has decided to keep its interest rate unchanged at -0.10%. This decision could impact the performance of Japan-focused ETFs listed in the US, such as BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:57 am

DOGEUSD

A Dogecoin wallet that had been inactive for nearly a decade has carried out significant transactions, moving 5,392,984 DOGE worth $372,461. The wallet first received Dogecoin in December 2013, when the cryptocurrency was trading at $0.00054. The long-term holder of DOGE secured a profit of $366,493 after holding onto the meme token for almost a decade. Crypto analyst Ali Martinez has expressed optimism about Dogecoin, noting that it is breaking out from a multi-year descending triangle on the DOGE weekly chart.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 4:22 am

BTCUSD

ETHUSD

Billionaire investor Stanley Druckenmiller has acknowledged Bitcoin's establishment as a recognizable brand and admitted that he should consider adding it to his portfolio. He compared Bitcoin to gold as a store of value and expressed surprise at Bitcoin’s popularity among younger generations. Druckenmiller previously held Bitcoin but sold it in response to tightening measures imposed by central banks. He also praised blockchain technology and predicted that Ethereum would eventually surpass Bitcoin in popularity.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 3:23 am

ARKF

BEAM

DSY

MELI

SOFI

TXG

Ark Invest, led by Cathie Wood, has purchased 473,225 shares of SoFi Technologies, valued at $3.3 million, amid a surge in SoFi's stock price. This acquisition represents 0.4507% of their ARKF ETF. SoFi has reported strong Q3 results, with a 27% Y/Y increase in adjusted revenue to $530.7 million. Ark Invest also made other key trades, including selling shares of Discovery Ltd and MercadoLibre Inc, and purchasing shares of Beam Therapeutics Inc and 10X Genomics Inc.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 3:14 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge driven by investor optimism surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). Several Wall Street firms have submitted applications to the SEC for a new spot BTC ETF product. Crypto-focused investment funds saw a massive influx of $326 million in net inflows last week. Analysts predict a game-changing breakout for Bitcoin at $35K.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 2:45 am

BLK

BTCUSD

Bitcoin (BTC) and the crypto market have been on the rise over the past two weeks, with BTC trading at its yearly highs. The rally was sparked by the news of BlackRock's upcoming BTC ETF, which caused a spike of over 10% in BTC's price. The price has held even after the ETF was removed from the Depository Trust and Clearing Corporation’s (DTCC) website. Some traders/investors are considering BTC as a hedge against falling financial markets.

Portfolio Pulse from Thrash Capital

October 30, 2023 | 9:37 pm