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Assets

EADSY

VSAT

Viasat Inc (NASDAQ:VSAT) reports another malfunction of its satellite, Inmarsat-6 F2 (I6 F2), within a month. The company and the satellite's manufacturer, Airbus SE (OTC:EADSY), are investigating the cause. Despite the malfunction, Viasat does not expect the incident to materially impact the FY24 outlook for revenue and Adjusted EBITDA growth. The company's shares closed lower by 2.04% at $26.88 on Thursday.

Portfolio Pulse from Lekha Gupta

August 25, 2023 | 10:29 am

EWG

VGK

Germany's current assessment for August has been reported at 89, which is lower than the estimated 90 and the prior figure of 91.3.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 8:02 am

SLV

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has highlighted silver as the 'Biggest Investment Bargain', noting its value is still 50% below its all-time high. He emphasized silver's increasing demand for green technologies and its status as the second most utilized commodity globally after oil. The iShares Silver Trust ETF (NYSE:SLV) closed 0.8% down at $22.115 in the last session.

Portfolio Pulse from Benzinga Overnight Desk

August 25, 2023 | 7:25 am

ARKK

BLK

BTCUSD

Industry leaders including Tom Lee at Fundstrat and Cathie Wood of Ark Invest have made bullish predictions for Bitcoin's future, with potential surges beyond $200,000 and even up to $1 million within the next seven years. Companies like BlackRock Inc and Citadel are showing interest in Bitcoin, indicating growing mainstream adoption. Wood also suggests a pivotal role for Bitcoin ETFs, with potential SEC approval possibly driving demand.

Portfolio Pulse from AJ Fabino

August 25, 2023 | 4:47 am

BONEUSD

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Bone ShibaSwap (CRYPTO: BONE) recorded a 12% increase, defying the overall cryptocurrency market trends. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) experienced a decline of over 2%. BONE's trading volume surged by more than 90% in the last 24 hours, to $23 million. The burning mechanism of SHIB token contributes to its scarcity, driving its value. New BONE tokens are still being introduced into circulation through a smart contract, which remains under the control of the ShibaSwap team.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 4:26 am

COIN

VGXUSD

Coinbase Global Inc. (NASDAQ:COIN) has announced its intention to halt trading for six cryptocurrencies on Sept. 6, 2023. The affected tokens are BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX). The decision was made after these assets failed to meet the stringent listing criteria of the exchange. Following the announcement, the value of these assets declined significantly. The delisting further compounds the challenges faced by Multichain, which recently lost over $109 million in cryptocurrency assets.

Portfolio Pulse from Murtuza Merchant

August 24, 2023 | 10:23 pm

FTTUSD

Maika Isogawa, founder and CEO of crypto security company Webacy, is recognized as a key figure in the Web3 space. Webacy, which helps users protect their digital assets, particularly with self-custody and cold storage solutions, raised $5 million in funding from investors including gmjp, Gary Vaynerchuk & AJ Vaynerchuk, Mozilla Ventures, Soma Capital, and Quantstamp. Isogawa's work is notable for its focus on bridging the gap between Web3 and mainstream adoption.

Portfolio Pulse from Justin Roberti

August 24, 2023 | 9:56 pm

VSAT

Viasat announced that the Inmarsat-6 F2 (I6 F2) satellite, launched on February 18, 2023, has experienced a power subsystem anomaly during its orbit raising phase. However, the company stated that this will not impact ongoing customer services and does not anticipate it to materially affect its financial outlook for revenue and Adjusted EBITDA growth.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 9:32 pm

Owens Corning's CFO, Kenneth Parks, has announced his resignation effective September 15, 2023, to pursue another opportunity. The company has appointed Todd W. Fister as the new CFO, effective upon Parks' resignation.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:39 pm

PHX

PHX Minerals Inc. (NYSE:PHX) has agreed to acquire approximately 988 net royalty acres targeting the Haynesville play in Louisiana and Texas and the SCOOP play in Oklahoma from five separate sellers for an aggregate consideration of $13.6 million in cash. The acquisition is expected to be immediately accretive on a cash flow per share basis and is expected to close in mid-September. The assets associated with the acquisitions include high interest locations concentrated in the core of the Haynesville and SCOOP under active operators including Aethon and Chesapeake Energy.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 8:31 pm