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BTCUSD

JPM

Over the past 24 hours, Bitcoin shorts worth over $24 million were liquidated, affecting 26,390 traders. The largest single liquidation order was on Bitmex, valued at $5.15 million. This comes as JPMorgan, the largest US bank, is developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has established most of the necessary infrastructure for the token, but regulatory approval is still pending.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 4:23 am

BBJP

DXJ

EWJ

Japan's Gross Domestic Product (GDP) for Q2 has been reported at 1.2%, lower than the estimated 1.5% and higher than the revised prior of 0.8%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:13 am

BBJP

DXJ

EWJ

Japan's adjusted current account for July was reported at 276.69T, significantly higher than the estimated 2.24T and the revised prior figure of 234.59T. The non-seasonally adjusted current account for July was 2.772T, also surpassing the estimated 2.295T and the revised prior figure of 1.509T.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:10 am

ETHUSD

SHIBUSD

Shibburn, a Shiba Inu (CRYPTO: SHIB) data tracker, has clarified that the surge in SHIB's price in May 2021 was due to increasing demand, not Ethereum (CRYPTO: ETH) co-creator Vitalik Buterin's burn of $1.7 billion worth of SHIB tokens. The tokens were gifted to Buterin when SHIB was initially deployed. The price of SHIB has increased five times its initial value since May 6, 2021.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 3:24 am

BTCUSD

DOGEUSD

ETHUSD

JPM

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged following reports that JPMorgan is developing a blockchain-driven solution for cross-border transactions. The bank is making progress in developing a deposit token to streamline payment and settlement processes for corporate clients. The system will only become operational once regulatory approval is obtained in the US. Meanwhile, crypto exchange Binance is expanding its zero-fee trading promotion in Argentina, Brazil, and South Africa. The global crypto market capitalization stands at $1.04 trillion.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 2:14 am

BNBUSD

ETHUSD

USDTUSD

The cryptocurrency world is facing increasing cybersecurity threats, with significant incidents involving Binance, Ethereum, and an FBI alert about Stake.com. Binance compensated users with $1 million due to a liquidity crunch with the CyberConnect token on the Upbit exchange. An Ethereum wallet holder lost $24 million in derivatives due to a phishing attack. The FBI identified North Korea's Lazarus Group as the perpetrator of a $41 million theft from Stake.com.

Portfolio Pulse from Murtuza Merchant

September 07, 2023 | 10:08 pm

HYDR

The U.S. Energy Department has established a $20 million fund for the development of underground hydrogen energy, marking its first-ever funding for this form of clean energy. The initiative is part of the Biden Administration's strategy to boost carbon-free energy production. Emerging companies like Koloma, HyTerra, and Natural Hydrogen Energy, which are conducting test drilling operations in Midwestern states, stand to benefit. However, the market performance of hydrogen-related stocks has been poor, with the Global X Hydrogen ETF (NASDAQ:HYDR) losing a third of its value since September 2022.

Portfolio Pulse from Piero Cingari

September 07, 2023 | 9:54 pm

ICCT

iCoreConnect has acquired the assets of Preferred Dental Services, a provider of dental billing, claims, and insurance management services. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:32 pm

MINM

Minim has expressed substantial doubt about its ability to continue as a going concern, indicating that it will require additional liquidity to continue operations.

Portfolio Pulse from Charles Gross

September 07, 2023 | 9:20 pm

BUSDUSD

Taiwan's Financial Supervisory Commission (FSC) is drafting 10 guiding principles for virtual asset service providers (VASPs), which may include a compliance registration requirement for offshore crypto exchanges. Non-compliant exchanges could be banned. The principles are expected to be released by the end of September. Binance (CRYPTO: BUSD) has reportedly applied for registration in Taiwan for AML compliance.

Portfolio Pulse from Khyathi Dalal

September 07, 2023 | 9:01 pm