Streetbeat News

Assets

ETHUSD

A total of 3,780.06 Ether (ETH) worth $6,561,696 was burned from Ethereum transactions on Monday. This follows the implementation of the EIP-1159 upgrade on August 5th, 2021, which changed the fee model and introduced a variable base fee that is burned, lowering the supply of Ether.

Portfolio Pulse from Benzinga Insights

June 13, 2023 | 6:00 pm

SPY

Treasury Secretary Janet Yellen stated that she will monitor market disruption from Treasury issuance and emphasized the importance of the dollar as the world's reserve currency. She also expects a slow decline in the dollar's status as a reserve currency.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:46 pm

COIN

eToro will delist cryptocurrency tokens ALGO, MANA, DASH, and MATIC for its U.S. customers due to recent legal action by the SEC and the evolving regulatory landscape. Existing customers can still sell these tokens. eToro remains supportive of crypto assets and will continue to collaborate with regulators globally.

Portfolio Pulse from Murtuza Merchant

June 13, 2023 | 4:37 pm

OVV

Ovintiv's shares are trading higher following the announcement of the closings of its Midland and Bakken transactions and an update to its guidance.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:24 pm

PROK

ProKidney Corp. (NASDAQ:PROK) has agreed to purchase a 210,000 sq ft facility and 22 acres of land in Greensboro, NC for $25.5 million to support future commercial manufacturing needs for its REACT® therapy. The company plans to invest in the facility through 2028 and is eligible for up to $13.3 million in tax credits based on certain milestones.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:07 pm

SPY

VGK

U.S. Secretary of State Blinken announced that the U.S. will provide $325 million in arms and equipment to Ukraine, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:04 pm

BBBYQ

OSTK

Overstock.com has agreed to acquire some assets of Bed Bath & Beyond, including intellectual property, business data, and rights to mobile applications, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:01 pm

BBBY

OSTK

Overstock.com has entered into an asset purchase agreement with Bed Bath & Beyond to acquire certain assets for a total purchase price of $21.5 million.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 4:00 pm

GME

GameStop Corporation (NYSE:GME) gapped up 7.82% after Ryan Cohen's RC Ventures increased its stake in the company to 12.1%. The stock faced heavy resistance at $26.55 and started to sell off, potentially forming a bearish double top pattern.

Portfolio Pulse from Melanie Schaffer

June 13, 2023 | 3:59 pm

BTCUSD

A report by NYDIG reveals that Bitcoin's correlation with equities has been significantly declining post-pandemic, making it a valuable asset for portfolio diversification. The report also highlights Bitcoin's strong performance despite a decline in volatility and its potential as a powerful diversifier in investment portfolios.

Portfolio Pulse from Murtuza Merchant

June 13, 2023 | 3:57 pm