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ATOMUSD

Cosmos Hub's (CRYPTO: ATOM) price has decreased by 5.48% over the past 24 hours to $7.66, continuing its downward trend over the past week of -8.0%. The trading volume for the coin has fallen 25.0% over the past week, while the overall circulating supply of the coin has increased 0.04% to 292.59 million. The current market cap ranking for ATOM is #29 at $2.25 billion.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:00 pm

AVAXUSD

Avalanche's (CRYPTO: AVAX) price has decreased by 3.9% over the past 24 hours to $10.8, continuing its downward trend over the past week of -13.0%. The trading volume for the coin has increased 104.0% over the past week while the overall circulating supply of the coin has increased 0.06% to over 343.99 million. The current market cap ranking for AVAX is #20 at $3.73 billion.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:00 pm

BTCUSD

COIN

ETHUSD

The Securities and Exchange Commission (SEC) is appealing a ruling that cryptocurrencies, specifically Ripple (XRP), are not securities. This could have significant implications for the classification and regulation of cryptocurrencies.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 6:54 pm

The short percent of float for Nu Holdings (NYSE:NU) has decreased by 21.72% since its last report, with 57.31 million shares sold short, representing 1.91% of all regular shares available for trading. It would take traders an average of 2.71 days to cover their short positions based on the current trading volume. The company's short interest is higher than the average of its peer group, which stands at 0.86%.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 6:45 pm

EMB

HYG

IGLB

LQDB

XCCC

As Treasury yields soar to multi-decade highs, bond ETFs are offering stock-like returns. Five bond ETFs are now yielding over 6% annually, close to the Dow Jones Index's 30-year annualized return. These include iShares BBB Rated Corporate Bond ETF (LQDB), iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB), iShares iBoxx $ High Yield Corporate Bond ETF (HYG), BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC), and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).

Portfolio Pulse from Piero Cingari

August 18, 2023 | 6:38 pm

AMZN

The article discusses the trend of billionaires investing in contemporary art, highlighting Jeff Bezos and Robert Soros as examples. It mentions that contemporary art prices have outpaced the S&P 500 by nearly three times from 1995 to 2020, making it an attractive investment for the super-wealthy. The article also mentions new startups that allow average investors to purchase shares of fine art.

Portfolio Pulse from Stephen Kurtzahn

August 18, 2023 | 6:38 pm

ETHUSD

A total of 8,369.10 Ether (ETH) worth $13,936,232 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changes the fee model and burns a base fee from each transaction, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -11.17% yesterday.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 6:00 pm

CEQP

Truist Securities analyst Neal Dingmann downgraded Crestwood Equity Partners LP (CEQP) to Hold from Buy with a lowered price target of $28 from $31. He favors CEQP's acquisition by Energy Transfer LP (ET) as the larger proforma company is expected to benefit from improved growth prospects. The acquisition deal is an all-equity of around $7.1 billion, including the assumption of $3.3 billion of debt. The analyst expects CEQP's G&P assets to benefit from increased direct access to markets for gas, fractionation, and NGLs, and believes the deal will boost CEQP's balance sheet/re-financing opportunities.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 5:48 pm

COP

A significant amount of unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 54% were bullish and 45% were bearish. The total amount for puts was $115,625 and for calls was $741,952. Whales have been targeting a price range from $80.0 to $150.0 for ConocoPhillips over the last 3 months. The current price of COP is up 0.63% at $117.46. Analysts from Mizuho, RBC Capital, Wells Fargo, Truist Securities, and Raymond James have maintained their ratings on ConocoPhillips, with price targets ranging from $130 to $151.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 5:46 pm

AIG

AXP

BAC

COIN

LMND

PNC

SCHW

ZION

The article reports on the recent options activity in the financial sector, highlighting the trades of several 'whales' or entities with large sums of money. The stocks mentioned include Bank of America (BAC), Charles Schwab (SCHW), Zions Bancorporation (ZION), Morgan Stanley (MS), Citigroup (C), Coinbase Global (COIN), American International Group (AIG), Lemonade (LMND), PNC Financial Services (PNC), and American Express (AXP). The article provides detailed information about the type of options traded, the sentiment (bearish, bullish, or neutral), the expiration date, the strike price, and the total trade price.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 5:35 pm