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The cryptocurrency market experienced significant liquidations totaling over $185.97 million in the past 24 hours, affecting 51,217 traders. Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw the highest liquidation values. Prominent firms such as Jump Trading, Wintermute, and Abraxas Capital made substantial deposits of cryptocurrencies during the market sell-off. The downturn coincided with concerns about FTX potentially liquidating its $3.4 billion crypto holdings.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 5:08 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a sharp decline due to concerns about potential selling pressure from the bankruptcy of exchange FTX. FTX is seeking regulatory approval to liquidate $3.4 billion in crypto assets, with Galaxy Digital proposed as the investment manager for the sale. FTX's crypto holdings include Bitcoin, Ethereum, Dogecoin, and others. Meanwhile, the global crypto market capitalization stands at $1.01 trillion, a 2.29% decrease in the last day.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 3:00 am

STZ

Constellation Brands (NYSE:STZ) has outperformed the market over the past 20 years, producing an average annual return of 15.17%. If an investor had bought $1000 of STZ stock 20 years ago, it would be worth $17,225.36 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:30 pm

CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 5 years, producing an average annual return of 39.37%. If an investor had bought $100 of CDNS stock 5 years ago, it would be worth $525.24 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:30 pm

BTCUSD

PYPL

Former PayPal President and current Lightspark CEO, David Marcus, is advocating for the transformation of Bitcoin into a global payment network. He believes Bitcoin has the potential to be a universal protocol for money on the internet. Despite technical and regulatory challenges, Marcus is committed to harnessing the capabilities of the Bitcoin Lightning Network to make transactions faster and more accessible.

Portfolio Pulse from Khyathi Dalal

September 11, 2023 | 9:26 pm

HPQ

HP has filed an amendment to its annual report on Form 10-K for the fiscal year ended October 31, 2022. The company identified material weaknesses in its internal control over financial reporting and concluded that these weaknesses were present as of October 31, 2022.

Portfolio Pulse from Charles Gross

September 11, 2023 | 9:16 pm

ALNY

Alnylam Pharmaceuticals (NASDAQ:ALNY) has outperformed the market over the past 5 years by 6.92% on an annualized basis, producing an average annual return of 15.97%. If an investor had bought $1000 of ALNY stock 5 years ago, it would be worth $2,145.32 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:00 pm

KDP

Keurig Dr Pepper (NASDAQ:KDP) has outperformed the market over the past 10 years by 6.31% on an annualized basis, producing an average annual return of 16.42%. If an investor had bought $1000 of KDP stock 10 years ago, it would be worth $4,614.52 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 9:00 pm

BLK

A significant bearish stance has been taken on BlackRock (NYSE:BLK) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $350.0 to $950.0 for BlackRock over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 8:30 pm

DELL

A significant amount of unusual options activity has been observed for Dell Technologies (NYSE:DELL), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $55.0 and $85.0. The current price of DELL is $72.16, up by 2.35%. Analysts have mixed ratings on Dell, with Barclays downgrading it to Underweight with a price target of $53, while UBS maintains a Buy rating with a price target of $69.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 8:30 pm