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Glauber Contessoto, known as the 'Dogecoin Millionaire', saw his holdings in Dogecoin (CRYPTO: DOGE) drop from $3 million to $50,000 due to a sharp decline in Dogecoin's price. Despite the loss, Contessoto remains optimistic about the future of Dogecoin and other dog-themed meme coins.

Portfolio Pulse from Mehab Qureshi

August 24, 2023 | 3:37 am

BCHUSD

BTCUSD

Bitcoin Cash (BCH) has fallen 6.5% to $193.23 over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. The perception of traditional financial systems as riskier might prompt investors to seek refuge in more established and regulated financial assets, reducing demand for Bitcoin Cash. Negative developments in the banking sector can also impact market confidence and reduce the adoption of cryptocurrencies.

Portfolio Pulse from Henry Khederian

August 24, 2023 | 12:03 am

AXSUSD

CHZUSD

COIN

MANAUSD

MATICUSD

NEARUSD

SANDUSD

SOLUSD

Bitstamp, a cryptocurrency exchange, is ending its ether staking program for US clients due to regulatory scrutiny from the Securities and Exchange Commission (SEC). The SEC has been classifying staking services as investment contracts that need to be registered as securities. This follows similar actions by other exchanges such as Kraken and Coinbase Global Inc (NASDAQ:COIN), which have also halted staking services in the US.

Portfolio Pulse from Murtuza Merchant

August 23, 2023 | 11:22 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has fallen 13.5% over the past week due to overall market weakness following weak economic data from China and potential downgrades in the banking sector. However, it has regained some ground following an announcement by Shibarium, Shiba Inu’s Layer-2 network, about the upcoming relaunch of its improved network.

Portfolio Pulse from Henry Khederian

August 23, 2023 | 11:16 pm

HKD

AMTD Digital has reported a 55.3% increase in net profit, a 61.2% increase in total assets, a 31.8% increase in net assets, and a 36.6% increase in EPS.

Portfolio Pulse from Charles Gross

August 23, 2023 | 9:59 pm

ADBE

NKE

QQQ

SPY

Benzinga's six-month series 'Is ChatGPT A Better Financial Advisor?' is in its 16th week. The AI's portfolio, started with a hypothetical $10,000, is compared against well-known funds like SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). Over the past week, ChatGPT's portfolio has risen, now closer to SPY. Adobe Inc (ADBE) remains the portfolio’s top performer, up nearly 55%, while Nike Inc (NKE) is the biggest laggard, down 15.4%.

Portfolio Pulse from AJ Fabino

August 23, 2023 | 8:59 pm

TSE

Trinseo has approved a restructuring plan to optimize its PMMA sheet network, primarily in Europe, and consolidate manufacturing operations. The plan includes the closure of certain plants and product lines, including operations in Denmark, New Mexico, and Italy, and workforce reductions to streamline the company's internal general & administrative network.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:52 pm

WAVC

Waverley Capital Acquisition Corp. 1 (NYSE: WAVC) has announced that it will redeem all of its outstanding Class A ordinary shares at a per-share redemption price of approximately $10.37, effective as of September 8, 2023. The company will not consummate an initial business combination within the required time period and will cease all operations except for winding up. The last day the company's securities will trade on the NYSE will be August 24, 2023. The company's sponsor has waived its redemption rights with respect to the outstanding founder shares and the shares underlying the private placement warrants.

Portfolio Pulse from Happy Mohamed

August 23, 2023 | 8:28 pm

FTI

TTE

TechnipFMC has secured a significant installation contract from TotalEnergies for the Girassol Life Extension (GIR LIFEX) project. The terms of the contract were not disclosed. TechnipFMC was previously awarded the engineering, procurement, and supply of subsea flowlines and connectors for GIR LIFEX last year.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:16 pm

RLI

RLI Corp. has reported an estimated range of pretax net catastrophe losses from Hawaiian wildfires of $65M-$75M, which will be reflected in its Q3 2023 earnings. The company will release its third quarter earnings after market close on Monday, October 23, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 8:14 pm