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Crypto whales are accumulating Pepe (PEPE) tokens during a market dip, while interest in Dogecoin (DOGE) and Shiba Inu (SHIB) fades. A whale named 'cookislandstrust.eth' spent 3.13 million Tether (USDT) to buy 420 billion PEPE, netting a profit of $170,000. The number of large PEPE transactions increased by 161% in the last 24 hours. Meanwhile, Dogecoin saw a decline in HODLers balance, and Shiba Inu's long-term holdings rose at a weaker pace.

Portfolio Pulse from Aniket Verma

August 12, 2024 | 3:54 am

BTC

MSTR

Renowned crypto analyst Michaël van de Poppe predicts Bitcoin will reach a new all-time high in the coming months, driven by significant institutional buying and $200 million in asset inflows. Bitcoin has rebounded above $60,000 after a recent correction, with whales accumulating nearly $23 billion worth of the cryptocurrency.

Portfolio Pulse from Rounak Jain

August 10, 2024 | 4:59 am

AIMD

Ainos has secured exclusive multi-region invention patent licenses from a strategic partner. The licensing includes 10 invention patents and patent applications related to gas sensors and medical devices. The all-stock licensing structure aligns the licensor's long-term interest with Ainos shareholders'.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:20 pm

CTMX

CytomX Therapeutics has filed a $250 million mixed securities shelf with the SEC, allowing the company to issue various types of securities over time.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 8:11 pm

SPY

UNG

USO

The latest Baker Hughes report shows an increase in the U.S. oil rig count by 3 to 485, while the gas rig count decreased by 1 to 97. The total rig count now stands at 588, up from 586 previously.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:03 pm

EUTLF

EQT has entered into exclusive negotiations to acquire a majority stake in Eutelsat Group's Ground Station Infrastructure Business, valuing the new entity at an enterprise value of €790 million. The Ground Station Business includes approximately 1,400 antennas across more than 100 locations globally, serving Eutelsat Group, OneWeb, and other third-party customers. EQT plans to support the business through investments and M&A-driven growth.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:56 pm

PBR

Petrobras has received an environmental license to increase oil production at the Buzios field. The company plans to lower its capital expenditures (Capex) in 2024 due to strategic changes in exploration and production (E&P) and delays in refining investments. Petrobras is also analyzing four potential mergers and acquisitions (M&A) in the renewables sector. The interim E&P director mentioned efforts to start the FPSO Almirante Tamandare early at the Buzios field. Despite lower Capex in 2024, the CFO stated that next year's Capex will be higher than this year's.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:30 pm

VOXX

VOXX International shares are trading higher following the announcement of the sale of certain assets of its Domestic Accessories Group to Established.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:24 pm

AQN

Algonquin Power & Utilities Corp. (NYSE:AQN) shares dropped 10.4% after reporting mixed Q2 FY24 results, announcing the sale of its renewable energy business, and cutting its dividend by 40%. The company missed revenue expectations but exceeded EPS estimates. The sale of the renewable energy business is expected to close by Q1 2025, providing net cash proceeds of $1.6 billion.

Portfolio Pulse from Lekha Gupta

August 09, 2024 | 3:16 pm

WBUY

WEBUY GLOBAL shares are trading higher after the company announced a definitive agreement for senior convertible debt with an initial principal amount of $2 million, and up to an additional $4 million with an accredited institutional investor upon mutual agreement.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:49 pm