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BTCUSD

Galaxy Digital, a crypto fund, predicts a 74% surge in Bitcoin's price in 2024 if a U.S.-regulated spot Bitcoin ETF is approved. The firm believes a Bitcoin ETF would offer benefits such as lower fees, better liquidity, and price tracking, and more convenience. Galaxy estimates the addressable market size of a US Bitcoin ETF to be approximately $14 trillion in the first year, surging to $39 trillion by the third year. If Bitcoin is embraced by 10% of the total accessible assets in each wealth channel with an average allocation of 1%, it could lead to inflows of $14 billion into a Bitcoin ETF in the first year post-launch.

Portfolio Pulse from Murtuza Merchant

October 25, 2023 | 3:38 pm

MATICUSD

Polygon Labs plans to replace its MATIC token with a new POL token on the Ethereum mainnet. The new token is part of the upcoming Polygon 2.0 upgrade and will serve as the main cryptocurrency for the Polygon 2.0 ecosystem. The replacement will not be immediate and requires governance approval. MATIC holders will have four years to migrate their holdings to the new token. The trading volume of MATIC has dropped by 33.9% in the past 24 hours, and its price is down around 1%.

Portfolio Pulse from Khyathi Dalal

October 25, 2023 | 3:21 pm

AMAT

A significant investor has taken a bearish stance on Applied Mat (NASDAQ:AMAT), with 70% of recent trades being bearish. The price target for the company is between $130.0 and $145.0. The current price of AMAT is down -1.55% at $132.81. Needham has upgraded its rating to Buy with a price target of $180, while UBS maintains a Neutral rating with a price target of $150.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:17 pm

BKNG

A significant amount of unusual options activity has been observed for Booking Holdings (NASDAQ:BKNG), with a majority of investors taking a bearish stance. The targeted price range for the company over the last three months has been between $1320 and $3350. The current price of BKNG is up 0.14% at $2839.41. HSBC, DA Davidson, and Argus Research have all provided their price targets for the company, with HSBC and Argus Research downgrading their actions to Buy.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:16 pm

PYPL

A significant investor has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 60% of recent trades being bearish and 40% bullish. The mean open interest for PayPal Holdings options trades today is 3396.78 with a total volume of 9,186.00. Whales have been targeting a price range from $45.0 to $90.0 for PayPal Holdings over the last 3 months. The price of PYPL is currently down -4.79% at $51.64.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:02 pm

LDOUSD

Cryptocurrency Lido DAO (CRYPTO: LDO) has seen a price increase of 6.58% over the past 24 hours to $1.92. Over the past week, LDO has risen by over 26.0%, moving from $1.5 to its current price. The trading volume for the coin has increased 133.0% over the past week, while the overall circulating supply of the coin has decreased 1.75%. The current market cap ranking for LDO is #33 at $1.66 billion.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 3:00 pm

BA

Boeing's CFO announced during an investor call that the company ended Q3 with approximately 250 Max Jets in inventory, including about 85 held for China.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:50 pm

C

A significant investor has taken a bearish stance on Citigroup (NYSE:C), with 54% of recent trades being bearish and 45% bullish. The total amount for put options is $662,733 and for call options is $469,237. Whales have been targeting a price range from $32.5 to $55.0 for Citigroup over the last 3 months. The current price of Citigroup is down 1.33% at $38.41. Analysts from Morgan Stanley, Piper Sandler, Goldman Sachs, BMO Capital, and Oppenheimer have maintained their ratings on Citigroup.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 2:46 pm

GOOG

GOOGL

MSFT

The Frontier Model Forum, co-founded by OpenAI, Microsoft, Alphabet, and AI startup Anthropic, has appointed its first director, Chris Meserole, and plans to set up a $10M AI research fund. The forum, which focuses on 'frontier AI models', also plans to create an advisory board to guide its strategy. This comes as many countries are devising AI regulation and industry leaders are voicing concerns about the impact of such models on public safety.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 2:42 pm

BA

Boeing's CEO has stated that financial improvement in the company's Defense, Space & Security division will take time. This was announced during a conference call.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:42 pm