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BTCUSD

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PEPEUSD

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Pepe Coin, a meme-based cryptocurrency, has seen a 12% surge in value, outpacing gains made by other meme coins such as Dogecoin and Shiba Inu. This surge could be attributed to a short squeeze. The cryptocurrency market has seen an upward price momentum, with Bitcoin, Ethereum, and altcoins experiencing a notable rally. Valkyrie Investments has added to the market excitement by securing approval from the SEC for an Ethereum-based ETF.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 6:19 am

EWU

The U.K.'s current account deficit for Q2 was reported at -25.3B, significantly higher than the estimated -15B and the revised prior figure of -15.2B.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 6:01 am

GME

Ryan Cohen, the new CEO of GameStop Corp., has emphasized the need for 'extreme frugality' to ensure the company's survival amid financial turbulence. Cohen, who will not be receiving a salary in his new role, has urged employees to scrutinize every expense and eliminate waste. Cohen's firm, RC Ventures, is GameStop's largest shareholder with a 12.09% stake. GameStop shares closed at $16.84 on Thursday, marking a nearly 9% decline for the year.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 5:39 am

BTCUSD

ETHUSD

Veteran trader Peter Brandt has asked macro guru Raoul Pal if Bitcoin (BTC) is heading for a rally. Brandt pointed out several indicators that suggest a potential rally, including the lowest Average Directional Index (ADX) reading since July 2020, indicating a decrease in trend strength and volatility. He also mentioned the possibility of a second retest of the underlying Head and Shoulders (H&S) bottom formation. Pal agreed with Brandt's observations. This comes as Valkyrie Investments received approval from the SEC for an ETF that allows investors to speculate on the future price of Ethereum (ETH).

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 5:13 am

ETHUSD

Valkyrie Investments has secured approval from the SEC for the first-ever ETF featuring Ethereum futures. This news led to a surge in Ethereum prices, resulting in the liquidation of over $11 million worth of Ethereum short positions within the past 24 hours. The total value of liquidations during this period amounted to $13.78 million, with Ethereum shorts comprising the majority.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 3:16 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a surge in value following the news that investment manager Valkyrie Funds LLC has received regulatory approval from the SEC to introduce Ethereum futures to its existing Bitcoin futures ETF. The Valkyrie Bitcoin and Ether Strategy ETF is scheduled to launch on October 2. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day. Stocks rebounded on Thursday as Wall Street aimed to recover from significant losses seen earlier this month.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 2:25 am

BTCUSD

Morgan Creek Capital Management CEO, Mark Yusko, predicts Bitcoin (CRYPTO: BTC) could reach a $5 trillion market cap, replacing gold as the currency standard. Yusko has set a price target of $100,000 by mid-2024 and $300,000 by 2028. He also mentioned that Morgan Creek has been buying Bitcoin since 2018 and has no plans to sell any of it for a long time.

Portfolio Pulse from Chris Katje

September 28, 2023 | 9:52 pm

FCPT

Four Corners Property Trust (FCPT) has announced the sale of a Red Lobster property located in Delaware for $5.3M. The property is corporate-operated under a triple net lease.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:50 pm

CALM

Cal-Maine Foods has agreed to acquire the egg production assets of Fassio Egg Farms. The assets include commercial shell egg production and processing facilities with a capacity of approximately 1.2 million laying hens, primarily cage-free, feed mill, pullets, fertilizer production and composting operation and land located in Erda, Utah.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 9:40 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has outperformed the market over the past 10 years by 7.6% on an annualized basis, producing an average annual return of 17.33%. If an investor had bought $100 of TSM stock 10 years ago, it would be worth $496.04 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 9:30 pm