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In response to the escalating conflict in Israel, the Tel Aviv crypto community has launched a Crypto Aid Israel initiative to gather funds for Israelis affected by the conflict. The initiative includes a multi-sig wallet that accepts contributions in Bitcoin, Ethereum, USDT, and USDC. Fireblocks is providing expertise in managing these crypto assets. The initiative is being supported by notable figures in the Web3 community and is working with a premier Israeli bank and several government departments to distribute the funds.

Portfolio Pulse from Bibhu Pattnaik

October 10, 2023 | 9:21 am

FXI

China is reportedly considering issuing at least $137.1 billion in sovereign debt to meet its growth target, according to Bloomberg. This move could potentially stimulate the economy and impact related ETFs such as FXI.

Portfolio Pulse from Charles Gross

October 10, 2023 | 8:54 am

ETHUSD

SHIBUSD

The burn rate of Shiba Inu (CRYPTO: SHIB) has surged by 100% over the past 24 hours, permanently removing 44 million SHIB tokens from circulation. This coincides with a significant milestone achieved by SHIB’s newly launched layer-2 blockchain solution, Shibarium, which has reached one million blocks. The Shiba Inu development team is part of the Ethereum (CRYPTO: ETH) network.

Portfolio Pulse from Mehab Qureshi

October 10, 2023 | 8:53 am

BTCUSD

ETHUSD

Ether (ETH) is losing investor preference to Bitcoin (BTC) amid a crypto market downturn. Ether's value has dropped about 18% since June, while Bitcoin's value saw a decrease of nearly half of that. Bitcoin's share of the crypto market has risen to 50.3% from 40%, while Ether's has dropped to 17.8% from 18.4%. Factors such as declining network activity and fees, rising coin supply, and fears of centralization have undermined investor confidence in Ether. However, crypto entrepreneurs like Justin Sun remain confident in Ether's prospects.

Portfolio Pulse from Benzinga Neuro

October 10, 2023 | 7:11 am

ETHUSD

USDCUSD

The Ethereum Foundation has converted 1,700 ETH into Circle’s USDC stablecoin, valued at approximately $2.76 million. The Foundation's holdings were disclosed in their April 2022 report, revealing that they possessed about 395,000 ETH. As per DeFiLlama data, the Ethereum Foundation currently holds 316,488 ETH, which amounts to a value of $502.7 million. Ethereum’s price dropped to $1,570, sparking increased polarizing discussions within the crypto community.

Portfolio Pulse from Mehab Qureshi

October 10, 2023 | 5:34 am

EWA

Australia's Building Approvals (MoM) came in at 7%, matching estimates and showing a significant improvement from the previous -8.1%.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:08 am

BBJP

DXJ

EWJ

Japan's current account for August was reported late Monday at 2.280T, lower than the estimated 3.091T and the prior 2.772T. ETFs BBJP, DXJ, EWJ, which track Japanese equities, may be impacted.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:08 am

BBJP

DXJ

EWJ

Japan's adjusted current account for August was reported late Monday at 1.63T, lower than the estimated 2.41T and the prior 2.77T.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:07 am

BTC-USD

ETH-USD

PAXG-USD

XMR-USD

Gold-backed cryptocurrencies, including Tether Gold (CRYPTO: XAUt), Monero (CRYPTO: XMR), and PAX Gold (CRYPTO: PAXG), have seen an increase in value amid the Israel-Hamas conflict, correlating with the rising price of gold. This comes as other major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) faced a decline.

Portfolio Pulse from Mehab Qureshi

October 10, 2023 | 4:34 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced significant losses on Monday due to a decline in digital asset prices and the escalating conflict in the Middle East. Over 42,778 traders were liquidated, resulting in a total of $114.94 million in liquidations. The largest individual liquidation occurred on Binance, involving the ETH/BUSD pair with a value of $4.53 million. Analysts predict that Bitcoin is likely to start its path towards $30K, while Ethereum and Bitcoin are 'getting slaughtered' with no bounce expected until lower areas are reached.

Portfolio Pulse from Mehab Qureshi

October 10, 2023 | 3:04 am