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BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Sunday evening amid the turmoil surrounding Curve Finance and its CRV token. The U.S. July jobs report had little impact on Bitcoin’s price. The global crypto market capitalization stands at $1.16 trillion, a 0.31% increase in the last day. Analysts predict that regulatory decisions and ETF rulings will trigger a meaningful crypto move. The total market capitalization of the crypto market appears to be forming a higher low, expected to coincide with the 200-Week Moving Average (MA) / Exponential Moving Average (EMA).

Portfolio Pulse from Mehab Qureshi

August 07, 2023 | 2:26 am

ARKF

ARKK

ARKW

GOOGL

HOOD

Ark Invest, led by Cathie Wood, has purchased 933,663 shares of Robinhood Markets, Inc. (NASDAQ:HOOD) across its three funds, ARK Innovation ETF (NYSE:ARKK), Ark Fintech Innovation ETF (NYS: ARKF) and Ark Next Generation Internet ETF (NYSE:ARKW), totaling $10.66 million. This comes as Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) significantly reduced its stake in Robinhood.

Portfolio Pulse from Shanthi Rexaline

August 05, 2023 | 7:51 pm

BONEUSD

ETHUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) and Bone Shiba Swap (CRYPTO: BONE) experienced significant gains over the weekend, with SHIB gaining about 20% and BONE rallying nearly 23%. The rally comes despite a risk-off mood in the broader financial market due to Fitch's downgrade of the U.S. sovereign rating. The sentiment towards these cryptos has improved ahead of the launch of Shiba Inu's blockchain project, Shibarium, which is expected to be more energy-efficient and faster than Ethereum (CRYPTO: ETH).

Portfolio Pulse from Shanthi Rexaline

August 05, 2023 | 5:02 pm

SPKY

UVXY

Bitcoin, Ethereum, and Dogecoin traded near flat during Friday's session, following jobs data released by the U.S. Labor Department. The S&P 500 initially rose, reacting positively to the data, before bearish pressure dropped the market ETF. The crypto market remained muted, mostly consolidating sideways. Traders have multiple options to trade the potential volatility, including the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 9:33 pm

ACGN

Aceragen, Inc. (NASDAQ:ACGN) has announced its intention to voluntarily delist from the Nasdaq Capital Market by filing a Form 25 with the SEC around August 15, 2023. This follows a special meeting on August 14, 2023, where the company will seek stockholder approval to transfer and assign most of its assets to an assignee for the benefit of creditors.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:31 pm

COMPUSD

ETHUSD

MKRUSD

UNIUSD

A significant portion of trading activity has shifted from Ethereum (ETH) to Arbitrum (ARB), a Layer 2 scaling solution, according to a report by Glassnode Insights. This trend is evident in the distribution of Uniswap (UNI) trade volume. In March, Arbitrum attracted up to 32% of the total trade volume. The report also highlights the performance of DeFi tokens, particularly Maker (MKR) and Compound (COMP), which have shown significant out-performance in recent weeks.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 8:25 pm

Unusual options activity has been observed for Blackstone (NYSE:BX), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The targeted price range for Blackstone over the last 3 months is from $82.5 to $106.0. The current price of BX is up 0.12% at $102.73. Analysts from Barclays, Goldman Sachs, Wells Fargo, JP Morgan, and Piper Sandler have maintained their ratings on Blackstone, with price targets ranging from $101 to $118.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 8:15 pm

APO

YELL

Trucking firm Yellow Corp. (NASDAQ:YELL) is reportedly considering an asset and real estate sale through a bankruptcy filing. A potential financial bidder has shown interest in the assets. Yellow Corp. is grappling with over $1 billion in debt due next year, which it has found challenging to refinance. Creditors, led by Apollo Global Management Inc. (NYSE:APO), are reportedly close to striking a deal to inject fresh cash into Yellow during the anticipated bankruptcy.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 8:14 pm

MSFT

Elon Musk's new artificial intelligence company, X.ai, has taken over the AI.com domain, which previously redirected to the ChatGPT web interface. The team for X.ai includes members from OpenAI, Google Research, Microsoft Research, and DeepMind. Microsoft Corporation (NASDAQ:MSFT) was an early investor in OpenAI and announced a $10 billion subsequent investment in the AI company in January. The rivalry between Musk and OpenAI could continue to be a significant storyline in the AI industry.

Portfolio Pulse from Chris Katje

August 04, 2023 | 7:08 pm

ABT

A significant bearish stance has been taken on Abbott Laboratories (NYSE:ABT) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $60.0 to $130.0 for Abbott Laboratories over the last 3 months. The price of ABT is currently up 0.18% at $107.73.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 7:01 pm