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BTCUSD

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Despite the token sale by bankrupt exchange FTX, the crypto market is expected to remain stable, according to Coinbase. FTX's holdings include $1.16 billion in Solana, $560 million in Bitcoin, and $192 million in Ether. FTX has been granted permission to liquidate and reinvest these assets to settle its debts. Coinbase has implemented protective measures capping initial sales at $50 million per week, which could increase to $100 million and potentially $200 million with approval from FTX's debtors.

Portfolio Pulse from Murtuza Merchant

September 18, 2023 | 3:27 pm

LTCUSD

Litecoin's (CRYPTO: LTC) price has risen 4.85% to $67.31 in the past 24 hours, continuing its positive trend over the past week with a 13.0% gain. The coin's trading volume has climbed 41.0% over the past week and the circulating supply has increased 0.1% to 73.67 million, which makes up an estimated 87.7% of its max supply of 84.00 million. The current market cap ranking for LTC is #15 at $4.95 billion.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 3:00 pm

AMAT

A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 75% of recent trades being bearish. The targeted price range for AMAT over the last 3 months is $37.5 to $150.0. The current price of AMAT is $139.85, up 1.16%. Analysts have mixed ratings, with Wolfe Research and Mizuho downgrading their actions, while Susquehanna, Goldman Sachs, and Berenberg maintain their ratings.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 3:00 pm

VEEV

Veeva Sys (NYSE:VEEV) has outperformed the market over the past 5 years by 6.31% on an annualized basis, producing an average annual return of 15.03%. If an investor had bought $1000 of VEEV stock 5 years ago, it would be worth $2,030.27 today.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 3:00 pm

SOLUSD

Solana's (CRYPTO: SOL) price has increased by 4.84% over the past 24 hours to $19.9, and by over 13.0% over the past week. The coin's all-time high is $259.96. The trading volume for the coin has fallen 39.0% over the past week, while the overall circulating supply has increased 0.29% to 411.40 million. The current market cap ranking for SOL is #11 at $8.18 billion.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 3:00 pm

SPY

USO

Saudi Energy Minister warns that the world could transition from one type of energy crisis to another if supply chains for critical minerals are not well planned.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:53 pm

BABA

Ant Group, an affiliate of Alibaba (NASDAQ:BABA), is withdrawing its investment from crypto-focused A&T Capital. This comes after the resignation of founding partner, Yu Jun, amid allegations of sexual harassment and a general downtrend in crypto venture funding. Ant Group has shifted its focus towards AI, introducing an AI model and a tool for financial professionals.

Portfolio Pulse from Khyathi Dalal

September 18, 2023 | 2:45 pm

CCHWF

CRLBF

Columbia Care Inc. has raised approximately CA$33.8 million through subscription agreements with institutional investors. The company plans to use the proceeds to reduce its outstanding debt and for general corporate purposes. Additionally, Columbia Care has entered into a non-binding agreement for the repurchase of up to US$25 million of the principal amount of their holdings in the 6% senior secured convertible notes due June 2025. The company's shares traded 5.1852% lower at $1.28 per share at the time of writing.

Portfolio Pulse from Jelena Martinovic

September 18, 2023 | 2:43 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) has received a patent loan of approximately $16 million from Shanghai Pudong Development Bank Co., Ltd. Guiyang Branch. The loan is based on the appraisal value of its 7 patents. The funds will be used to support the company's rapid growth.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 2:38 pm

MSCI

Over the past 10 years, MSCI (NYSE:MSCI) has outperformed the market by 19.43% on an annualized basis, producing an average annual return of 29.52%. If an investor had bought $1000 of MSCI stock 10 years ago, it would be worth $13,286.78 today.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 2:31 pm