Streetbeat News

Assets

BSVUSD

BTCUSD

ETHUSD

Bitcoin (BTC) and Ethereum (ETH) traded higher, with BTC surpassing the $28,000 level and ETH crossing the $1,700 mark. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while GMX was the biggest loser. The global crypto market cap rose to $1.12 trillion, recording a 24-hour gain of 2.8%.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 1:37 pm

CGC

Canopy Growth Corporation has completed the sale of its Hershey Drive facility for approximately $39 million, as part of its transformation to an asset-light operating model. The company has sold a total of seven properties for approximately CA$155 million since April 1, 2023. The proceeds from the sale will be used primarily to pay down the company's senior secured credit facility.

Portfolio Pulse from Nina Zdinjak

October 02, 2023 | 1:33 pm

M

Toys R Us is planning a robust re-entry into the U.S. market with plans to launch as many as 24 new stores. The company is also exploring retail avenues at airports and cruise ships. The parent entity of Toys R Us, WHP Global, unveiled its expansion strategy 'Air, Land and Sea'. The company's inaugural airport outlet is set to open in November at the Dallas/Fort Worth International Airport. WHP also revealed plans to set up over 400 new Toys R Us outlets within Macy's Inc locales countrywide.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 1:27 pm

MG

MISTRAS Group, Inc. (MG: NYSE) has announced the implementation of the first Project Phoenix initiative, a reorganization of the Company's Products & Systems segment expected to increase Adjusted EBITDA by $4.0 Million in Fiscal 2024. The company also announced the appointment of Gennaro (Jerry) D'Alterio as Executive Vice President and Chief Commercial Officer. These initiatives are part of the company's strategy to accelerate the transition into faster growing markets and improve the performance of its traditional energy-related market operations.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:16 pm

ATLX

Atlas Lithium Corporation (NASDAQ:ATLX) has appointed James Abson as Chief Geology Officer. Abson brings over 29 years of experience in mining and mineral exploration, including involvement in various hard-rock lithium projects globally. At Atlas Lithium, Abson will guide the company's exploration program at its 100%-owned Neves Project and other lithium mineral rights in Brazil.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:06 pm

BTCUSD

ETHUSD

Invesco and Galaxy Digital have filed for a spot Ethereum ETF named Invesco Galaxy Ethereum ETF. This move involves Galaxy Digital Funds which will manage the sale of Ethereum. The ETF will directly hold ether. Futures-based Ether ETFs are expected to open trade soon. Other companies such as VanEck, Valkyrie, Bitwise, and Hashdex are also preparing to launch their Ether ETFs.

Portfolio Pulse from Khyathi Dalal

October 02, 2023 | 1:00 pm

AWIN

AERWINS Technologies is considering strategic alternatives for its non-core operations, which has led to a rise in its share prices.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 12:53 pm

TT

Trane Technologies PLC (NYSE:TT) has signed an agreement to acquire Nuvolo, a provider of cloud-based connected workplace and enterprise asset management products. The deal is expected to expand Trane's software-as-a-service (SaaS) and digital capabilities. The transaction is subject to regulatory approval and is expected to close in Q4 2023. Nuvolo's CEO, Tom Stanford, will join Trane in a leadership role.

Portfolio Pulse from Shivani Kumaresan

October 02, 2023 | 12:52 pm

CUTR

Cutera, Inc. (NASDAQ:CUTR) has appointed Brent Hauser as President, International, effective October 2, 2023. Hauser will be responsible for commercial performance in existing international markets, expansion into new geographies, and the international launch of AviClear, the company's device for the treatment of acne, in 2024. Hauser brings over 20 years of aesthetics industry experience in markets across the globe.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:39 pm

ETHE

ETHUSD

Grayscale Investments, the world's largest crypto asset manager, has announced that NYSE Arca has filed Form 19b-4 with the SEC to convert Grayscale Ethereum Trust (ETHE) to a spot Ethereum ETF. This follows the SEC's clearance of the first Ethereum futures ETFs. ETHE, launched in March 2019, is the largest Ether investment vehicle in the world, with assets under management of nearly $5b, representing 2.5% of all Ether in circulation.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 12:37 pm