Streetbeat News

Assets

BNBUSD

FTTUSD

SOLUSD

Caroline Ellison, associated with cryptocurrency exchange FTX and Alameda Research, testified at Sam Bankman-Fried's criminal trial, revealing his aspirations to become the U.S. president and controversial practices at Alameda and FTX. She detailed how higher value coins on Binance (CRYPTO: BNB) were withdrawn from FTX to be sold on the competitor's platform. Ellison also discussed FTT tokens and 'Sam coins', including Solana (CRYPTO: SOL), and Bankman-Fried's willingness to take extreme risks.

Portfolio Pulse from Murtuza Merchant

October 10, 2023 | 7:35 pm

SPY

Federal Reserve's Neel Kashkari has expressed optimism about the possibility of shrinking the Fed's balance sheet back to the pre-crisis trend line.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 7:23 pm

GLD

SPY

Despite growing market uncertainty, investors are selling gold at a historic rate, with Gold's relative strength index hitting a level seen less than 1% of the time since 1971. The SPDR Gold Trust (GLD) has seen a slight increase recently, but is down more than 6% in the last six months. In contrast, the SPDR S&P 500 Trust ETF (SPY) is up more than 6% in the same period. Some investors are opting for treasury bonds that offer around 5% yield and are virtually risk-free.

Portfolio Pulse from Aaron Bry

October 10, 2023 | 7:07 pm

BUSDUSD

FTMUSD

MANAUSD

OPUSD

XRPUSD

Binance is eliminating over 10 liquidity pools and introducing Neutron staking. The liquidity pools to be removed include XRP, Fantom, Optimism, and Decentraland. This is part of Binance's strategy to end BUSD stablecoin support by February 2024. Other liquidity pools such as BEL/USDT, FUN/USDT, GMT/BNB, GMT/ETH, HFT/USDT, IDEX/USDT, LEVER/USDT, and MAGIC/BTC will also be removed. Binance users will be able to stake their BNB, TUSD, and FDUSD to farm Neutron tokens for 20 days starting from Oct.11, 2023.

Portfolio Pulse from Khyathi Dalal

October 10, 2023 | 7:04 pm

A significant bullish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $370.0 to $430.0 for Deere over the last 3 months. Canaccord Genuity, HSBC, and Evercore ISI Group have downgraded their actions on Deere with price targets of $400, $486, and $424 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 7:00 pm

UEC

Roth MKM analyst Joe Reagor has reiterated a Buy rating on Uranium Energy Corp. (UEC), raising the price target to $6.75 from $6. This comes after UEC sold 805,000 pounds of uranium during fiscal Q4 2023, despite previous expectations of no sales. The spot price of uranium has increased from $54 to over $72 per pound since July, due to geopolitical issues and increasing demand for nuclear energy. As a result, the analyst raised the long-term uranium price from $70 to $80 per pound and increased the valuation of several of UEC's uranium assets. However, the valuation of the company's titanium asset was decreased as the project is unlikely to advance in the near term.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 6:56 pm

BNO

BOIL

DBO

FCG

KOLD

UNG

USL

USO

A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia have been damaged in a suspected deliberate act. The Balticconnector gas pipeline was shut down due to a potential gas leak, and the damaged telecommunications cable raised concerns about regional connectivity. Despite the damage, Finland's energy supply remains stable, and no gas shortages are expected. The incident has caused European gas prices to surge, reaching a six-month high. Finnish telecommunications operator Elisa confirmed that the damaged cable did not disrupt its services.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 6:53 pm

AMAT

A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 83% of detected trades being bearish. The trades include 8 puts totaling $421,877 and 4 calls totaling $175,336. Whales have been targeting a price range from $140.0 to $170.0 for AMAT over the last 3 months. The current price of AMAT is $140.99, up 0.6%. Wolfe Research, UBS, and Mizuho have given price targets of $185, $150, and $158 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:45 pm

ASML

A significant amount of unusual options activity has been detected for ASML Holding (NASDAQ:ASML), with a majority of investors taking a bearish stance. Of the 22 strange trades detected, 40% were bullish and 59% were bearish. The total amount for puts was $656,150 and for calls was $502,181. Whales have been targeting a price range from $310.0 to $660.0 for ASML Holding over the last 3 months. The current price of ASML is up 1.54% at $600.47.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

A significant amount of unusual options activity has been detected for Verizon Communications (NYSE:VZ), with a majority of investors taking a bullish stance. Of the 31 strange trades detected, 61% were bullish and 38% were bearish. The total amount for puts was $3,180,036 and for calls was $239,600. Whales have been targeting a price range from $23.0 to $42.0 for Verizon over the last 3 months. The current price of VZ is up 0.32% at $31.55.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:16 pm