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SHIBUSD

Shibarium, the layer-2 blockchain network of Shiba Inu (CRYPTO: SHIB), has surpassed one million wallets two weeks after its launch. Despite a surge in network activity and user adoption, the total value locked on the Shibarium network is just $1.06 million. Blockchain data provider, IntoTheBlock, disclosed a 335% surge in large transactions valued at $100,000 or more, amounting to $29.24 million within the SHIB token ecosystem.

Portfolio Pulse from Mehab Qureshi

September 04, 2023 | 9:19 am

DOGEUSD

Elon Musk's biography by Walter Isaacson reveals that Musk considered integrating Dogecoin (CRYPTO: DOGE) as a payment system for a blockchain-based social media platform. The idea was suggested by Musk's brother, Kimbal, after Musk's acquisition of Twitter. However, Musk believed that a blockchain-based social network would be too slow for Twitter's fast-paced postings. Sam Bankman-Fried, founder of FTX cryptocurrency exchange, showed interest in joining the deal but later decided against it due to Musk's unpredictable behavior.

Portfolio Pulse from Mehab Qureshi

September 04, 2023 | 4:40 am

CCJ

Cameco has revised its 2023 production forecast due to challenges at the Cigar Lake mine and Key Lake mill. The company now expects to produce up to 16.3 million pounds of uranium concentrate at Cigar Lake, down from the previous forecast of 18 million pounds. Production at Key Lake is anticipated to be 14 million pounds, down from the previous forecast of 15 million pounds. Factors impacting production include equipment reliability issues, operational changes, personnel availability, and supply chain challenges.

Portfolio Pulse from Charles Gross

September 03, 2023 | 9:48 pm

AAPL

BRK-A

BRK-B

TSLA

Warren Buffett and Elon Musk share a business acumen of controlling critical access points. Buffett, chairman of Berkshire Hathaway, is drawn to steady income sources like toll roads, while Tesla CEO Musk focuses on managing bottlenecks. Buffett's investment in Apple, with its robust brand and control over the App Store, is an example of his strategy. Musk, on the other hand, has strengthened Tesla's competitive stance by investing in battery innovation to overcome limitations in electric vehicles.

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 3:18 pm

ETHUSD

MKRUSD

SOLUSD

Ethereum co-founder Vitalik Buterin has sold his entire holdings of MakerDAO tokens, following news of MakerDAO's potential pivot towards the Solana blockchain. Buterin cashed out 500 MakerDAO tokens, securing 353 ETH, equivalent to nearly $580,000. MakerDAO's CEO, Rune Christensen, has indicated a possible transition to Solana's Rust-centric architecture from Ethereum's Solidity framework.

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 2:27 pm

BTCUSD

COIN

HOOD

A Chinese court has recognized digital assets as legal property, despite the country's broader restrictions on them. The court's report argues that individual-owned virtual assets should be acknowledged as legal and safeguarded under the existing policy framework. This comes amid China's ban on foreign crypto exchanges, including Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN). However, Chinese courts have historically shown a more accommodating viewpoint on digital assets, including Bitcoin (CRYPTO: BTC).

Portfolio Pulse from Bibhu Pattnaik

September 03, 2023 | 1:48 pm

BTCUSD

XOM

Cathie Wood, the force behind ARK Invest, highlighted Exxon's (NYSE:XOM) initiative to incorporate Bitcoin mining machines into their natural gas fields during her appearance on the Raz Report. This move ensures that natural gas, instead of being released or flared, is utilized to mint Bitcoin, addressing environmental concerns and transforming a potential environmental issue into a profitable venture.

Portfolio Pulse from Jose Rodrigo Safdiye

September 03, 2023 | 5:00 am

BTCUSD

Despite recent market volatility, Bitcoin whales, entities holding substantial quantities of digital assets, have increased their holdings by $1.5 billion during the last two weeks of August. This surge in accumulation coincided with a period when inflows into centralized exchanges remained unusually low. This behavior indicates organic buying demand within cryptocurrency. Furthermore, Bitcoin whales continued to increase their holdings following a significant victory for asset manager Grayscale, when a federal appeals court ordered the SEC to reconsider its denial of Grayscale’s request to convert the $14 billion Grayscale Bitcoin Trust into a spot Bitcoin ETF.

Portfolio Pulse from Ananya Gairola

September 02, 2023 | 7:06 am

EFX

Equifax (NYSE:EFX) has outperformed the market over the past 15 years, producing an average annual return of 12.22%. If an investor had bought $1000 of EFX stock 15 years ago, it would be worth $5,929.76 today. The company currently has a market capitalization of $25.38 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 9:30 pm

LLY

Eli Lilly (NYSE:LLY) has outperformed the market over the past 20 years, producing an average annual return of 11.65%. If an investor had bought $1000 of LLY stock 20 years ago, it would be worth $9,022.02 today. The company currently has a market capitalization of $528.86 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 9:00 pm