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DOGEUSD

FLOKIUSD

SHIBUSD

FLOKI, a cryptocurrency that emerged in June 2021, has expressed its admiration for fellow meme coins Dogecoin and Shiba Inu. The Floki Core Contributor stated that there is no rivalry between Floki and other meme coins. Floki has amassed 470,000 holders and secured listings on over 100 exchanges. The cryptocurrency has also developed a DeFi platform called FlokiFy and the University of Floki, a crypto educational platform. At the time of writing, FLOKI was trading at $0.00002156, down 4.67% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 18, 2023 | 11:54 am

LLY

NVO

A recent analysis by health policy organization KFF revealed that weight-loss drugs are significantly more expensive in the U.S. than in other developed countries. The high costs, averaging around $1,000 monthly for prolonged treatments, often lead U.S. insurers to exclude these medications from their coverage. The report highlighted the pricing disparity for drugs like Novo Nordisk's Wegovy and Ozempic, and Eli Lilly's Mounjaro. The study also found that while nearly 50% of U.S. adults are interested in prescription weight-loss drugs, this drops to 16% if not covered by insurance.

Portfolio Pulse from Vandana Singh

August 18, 2023 | 11:52 am

BTCUSD

SPKY

UVXY

The stock market and Bitcoin experienced a downturn, with the S&P 500 closing down 0.77% and Bitcoin closing 7.15% lower. This was due to concerns that the Federal Reserve will continue its rate hike campaign. As a result, stock market volatility increased, with the Volatility S&P 500 Index rising 6.74%. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) spiked higher, as predicted by Benzinga. SPKY is a 1.5x leveraged fund that tracks the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY).

Portfolio Pulse from Melanie Schaffer

August 18, 2023 | 11:08 am

MPW

Medical Properties Trust Inc (NYSE:MPW) has sold $105 million of its interest in Steward Health Care System's new syndicated asset-backed credit facility to a global asset manager. The move is part of the company's focus on reducing leverage and comes ahead of the facility's maturity, removing market concerns about Steward's ability to refinance.

Portfolio Pulse from Shivani Kumaresan

August 18, 2023 | 10:19 am

XPEV

XPENG reported its Q2 cash and equivalents to be $4.65 billion as of June 30, 2023. This includes cash and cash equivalents, restricted cash, short-term investments, and time deposits.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 10:03 am

BITW

ETHUSD

The U.S. Securities and Exchange Commission (SEC) is reportedly set to approve Ether (CRYPTO: ETH) futures-based ETFs, with several potentially getting approval by October. Companies such as Volatility Shares, Bitwise, Roundhill, and ProShares have applied to introduce these ETFs. The SEC has previously approved trading in a fund associated with Bitcoin futures contracts on the Chicago Mercantile Exchange (CME).

Portfolio Pulse from Benzinga Neuro

August 18, 2023 | 9:29 am

BTCUSD

DOGEUSD

ETHUSD

PEPEUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) fell by 12% in a single day, underperforming compared to Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE). This decline comes after the launch of the Ethereum (CRYPTO: ETH) layer 2 solution, Shibarium, which faced technical difficulties. Bitcoin (CRYPTO: BTC) also saw a significant drop, falling below the $26,000 mark for the first time in two months.

Portfolio Pulse from Mehab Qureshi

August 18, 2023 | 7:55 am

TTEK

Tetra Tech, Inc. has priced its $500 million aggregate principal amount of 2.25% Convertible Senior Notes due 2028. The notes are being offered in a private placement to qualified institutional buyers. The company has also granted the initial purchasers an option to purchase up to an additional $75 million aggregate principal amount of the notes. The sale is expected to close on August 22, 2023.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 7:18 am

BTCUSD

DOGEUSD

SOLUSD

Solana (SOL) has surpassed Dogecoin (DOGE) in terms of market capitalization amid growing fear in the crypto market. Both cryptocurrencies have experienced a decline in value, with SOL down by 7.47% and DOGE by 10%. This development comes as Bitcoin (BTC) plunged below the $26,000 mark for the first time in two months, largely due to China's Evergrande Group filing for bankruptcy and SpaceX writing down the value of its Bitcoin holdings by $373 million.

Portfolio Pulse from Mehab Qureshi

August 18, 2023 | 5:03 am

BTCUSD

DOGEUSD

Bitcoin's value dropped by 8% due to three potential reasons: SpaceX reportedly selling its Bitcoin holdings, the release of minutes from the Federal Reserve's last meeting suggesting future interest rate increases, and China Evergrande filing for bankruptcy protection. The market turbulence resulted in significant losses for traders, with approximately $823 million worth of long positions being liquidated.

Portfolio Pulse from Mehab Qureshi

August 18, 2023 | 4:57 am