Streetbeat News

Assets

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin saw gains, with the global cryptocurrency market cap rising 0.47% to $1.25 trillion. The rally was fueled by expectations surrounding Bitcoin Spot ETFs. The listing of iShares Bitcoin Trust on the Depository Trust & Clearing Corporation (DTCC) drove Bitcoin's momentum. The iShares Bitcoin ETF reappeared on DTCC's website after disappearing earlier. Analysts suggest that Bitcoin is in an upward trend and 4-8% dips are entries towards $38K.

Portfolio Pulse from Shivdeep Dhaliwal

October 25, 2023 | 2:23 am

BLK

The Securities and Exchange Commission (SEC) has fined BlackRock Advisors, LLC (NYSE:BLK) $2.5 million for allegedly misrepresenting substantial investments in the entertainment sector related to a publicly traded fund under its guidance. The SEC found that BlackRock mislabeled Aviron Group, LLC as a 'Diversified Financial Services' entity and reported a higher interest rate paid by Aviron than what was factual. BlackRock has agreed to a settlement involving a penalty of $2.5 million.

Portfolio Pulse from Murtuza Merchant

October 24, 2023 | 9:11 pm

Euroclear has successfully settled its inaugural digital note, a World Bank offering on the Luxembourg Stock Exchange, which amassed 100 million euros ($106 million) dedicated to sustainable development initiatives. This event marks the commencement of Euroclear's digital securities settlement service. Citibank acted as the issuing and payment agency while TD Securities served as the dealer and Euroclear Bank functioned as the central securities depository for the issuer.

Portfolio Pulse from Murtuza Merchant

October 24, 2023 | 8:55 pm

AAPL

BLK

BTCUSD

GBTC

SPY

TSLA

Investors are optimistic about the approval of Bitcoin ETFs, which has helped push Bitcoin's price over $31,000. A federal court has directed the SEC to review Grayscale Investments' application to convert its Grayscale Bitcoin Trust into an ETF, which could expedite the approval of several Bitcoin ETFs filed by BlackRock, WisdomTree, Invesco, Valkyrie Investments, Ark Invest, VanEck, and Fidelity. A $1,000 investment in Bitcoin when the first ETF was filed would be worth $375,065.32 today, outperforming investments in the SPDR S&P 500 ETF Trust, Tesla, and Apple over the same period.

Portfolio Pulse from Chris Katje

October 24, 2023 | 8:46 pm

INM

InMed Pharmaceuticals Inc. (NASDAQ:INM) has announced a private placement and preferred investment option exercise priced at-the-market under Nasdaq rules. The company will issue and sell 3,012,049 of its common shares and preferred investment options to purchase up to an aggregate of 3,012,049 common shares, at a purchase price of $0.83 per share. The aggregate gross proceeds from the offerings are expected to be approximately $5.2 million. The company intends to use the net proceeds for pipeline development of its pharmaceutical drug candidates, support commercial sales of rare cannabinoids through its subsidiary BayMedica LLC, and for general working capital purposes.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 8:44 pm

SPY

USO

The American Petroleum Institute (API) reported a draw of 2.668 million barrels in the weekly crude oil stock, compared to the estimated build of 1.550 million barrels. This is also a decrease from the prior draw of 4.383 million barrels.

Portfolio Pulse from Happy Mohamed

October 24, 2023 | 8:37 pm

BLK

SPY

The Securities and Exchange Commission (SEC) has charged BlackRock Advisors for failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it advised. BlackRock has agreed to pay a $2.5 million penalty to settle the charges. The SEC's order finds that BlackRock Multi-Sector Income Trust (BIT) made significant investments in Aviron Group, a company that developed print and advertising plans for films, but inaccurately described Aviron as a 'Diversified Financial Services' company.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:21 pm

MSFT

Microsoft has announced that it expects its capital expenditure (Capex) to increase in the coming years. This increase is to support the growth of its cloud offerings and investments in AI infrastructure, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:16 pm

TFC

A significant amount of unusual options activity has been observed for Truist Financial (NYSE:TFC), with a majority of investors taking a bullish stance. Of the 10 strange trades detected, 60% were bullish and 40% were bearish. The total amount for the 2 puts was $104,800 and for the 8 calls was $750,363. Whales have been targeting a price range from $15.0 to $30.0 for Truist Financial over the last 3 months. The current price of TFC is up 0.26% at $27.1. Analysts from Morgan Stanley, Piper Sandler, and Raymond James have maintained their ratings on Truist Financial.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:46 pm

CAT

A significant investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 68% of recent trades being bearish. The majority of the trades are puts, totaling $3,469,677, compared to calls totaling $162,532. The targeted price range for Caterpillar over the last 3 months is from $145.0 to $300.0. JP Morgan maintains an Overweight rating on Caterpillar with a price target of $320.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 7:46 pm