Streetbeat News

Assets

USDTUSD

The trade volume between the Russian ruble and Tether (CRYPTO: USDT) surged from $4 million to $15 million over the weekend, coinciding with the capture of Rostov-on-Don by Yevgeny Prigozhin and his forces' advance toward Moscow. The trading volume decreased to $3 million after Prigozhin agreed to halt his advance and exit Russia.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 6:20 pm

ETHUSD

A total of 2,770.96 Ether (ETH) worth $5,127,045 was burned from Ethereum transactions on Sunday. This follows the implementation of the EIP-1159 upgrade on August 5th, which changed the fee model and introduced a variable base fee that is burned. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to 0.5-1% with Ethereum 2.0.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 6:00 pm

BTCUSD

ETHUSD

FTX's new management has announced the recovery of $7 billion in liquid assets, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 5:55 pm

MRNA

PFE

The COVAX initiative, run by Gavi, the WHO, and CEPI, has a $2.6 billion surplus that could be used for future pandemics or vaccine manufacturing in Africa. Around $600 million is allocated as a contingency fund, while $2 billion was refunded by drugmakers. Gavi is proposing a financial support system to help new manufacturers bring products to market competitively.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 5:47 pm

CMCSA

Comcast Inc.'s (NASDAQ:CMCSA) shares increased by 9.69% in the past three months. The company's total debt stands at $100.71 billion, with long-term debt at $94.40 billion and current debt at $6.30 billion. Adjusted for $5.54 billion in cash-equivalents, Comcast's net debt is $95.17 billion. The debt-ratio is 0.39, considering the company's $259.43 billion in total assets.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 5:46 pm

COIN

HUT

Hut 8 Mining Corp. (NASDAQ:HUT) has secured a credit facility of up to $50 million from Coinbase Global Inc.'s (NASDAQ:COIN) Coinbase Credit. The credit facility will be used for general corporate purposes, providing Hut 8 with increased financial flexibility.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 5:44 pm

SLG

SL Green Realty Corp (NYSE:SLG) has sold its 49.9% interest in 245 Park Avenue to a U.S. affiliate of Mori Trust Co., Ltd. at a gross asset valuation of $2.0 billion. The sale is the largest component of the company's financial plan for 2023.

Portfolio Pulse from Ryan Gustafson

June 26, 2023 | 5:32 pm

DISH

DISH Network Corp's stock is trading lower after COO Narayan R. Iyengar resigned last week. The company has been struggling to sell assets and battling insider speculation of possible bankruptcy.

Portfolio Pulse from Anusuya Lahiri

June 26, 2023 | 4:49 pm

SLG

VNO

Rental prices in the US have dropped for the first time since the onset of the COVID-19 pandemic, with national median rents for 0-2 bedrooms in the 50 largest metropolitan areas dipping 0.5% in May. Despite relief for renters, affordability remains a challenge. Commercial real estate stocks, including Vornado Realty Trust (NYSE:VNO) and SL Green Realty Corp (NYSE:SLG), are seeing a rally.

Portfolio Pulse from AJ Fabino

June 26, 2023 | 4:48 pm

SLG

SL Green Realty Corporation has sold its 49.9% stake in the 245 Park Avenue property at a $2 billion valuation, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 3:52 pm