Streetbeat News

Assets

SEDG

SolarEdge Technologies shares are trading lower after the company announced a private offering of $300 million convertible notes due 2029.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:19 pm

SEDG

SolarEdge Technologies has announced a private offering of $300 million in convertible senior notes due 2029. Initial purchasers have a 13-day option to buy an additional $45 million in notes. The offering is targeted at qualified institutional buyers under Rule 144A.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:08 pm

HYZN

Hyzon Motors announced a strategic realignment to focus on North American markets and the refuse industry. The company has retained PJT Partners to explore capital raising and strategic options, including the potential sale or divestiture of its European and Australia/New Zealand businesses. Hyzon continues its cost reduction and liquidity management efforts and is preparing for large fleet trial programs in the U.S. and Canada.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 8:01 pm

BTCUSD

Bitcoin experienced a sharp decline, falling below $60,000, its lowest point since May. This drop led to $360 million in liquidations, with $148 million in Bitcoin longs. The largest single liquidation event was on Binance, involving a BTC/USDT position worth $15.36 million.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 8:01 pm

BCHUSD

Bitcoin Cash (BCH) has experienced a significant price drop of 9.24% in the past 24 hours, continuing a week-long decline of 18%. Trading volume has increased by 31% over the past week, while the circulating supply has slightly decreased. BCH's market cap is currently ranked #18 at $6.92 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 7:02 pm

WBTCUSD

Wrapped Bitcoin (WBTC) has seen a price decrease of 5.72% in the past 24 hours, continuing a week-long downward trend of 10%. Trading volume has increased by 33% over the past week, with the circulating supply rising slightly by 0.11%. WBTC's market cap is currently ranked #15 at $9.24 billion.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 7:01 pm

NVO

Novo Nordisk announced a $4.1 billion investment in a new facility in North Carolina, as reported by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 6:16 pm

FCUUF

PALAD

Paladin Energy is acquiring Fission Uranium for $833 million in an all-stock transaction, expanding its footprint in Canada. The deal includes Fission's advanced-stage Triple R deposit and is expected to close by September 2024. The acquisition is part of a broader trend in the uranium market, with prices having doubled recently.

Portfolio Pulse from Stjepan Kalinic

June 24, 2024 | 6:16 pm

BTCUSD

ETHUSD

10x Research has raised concerns about Bitcoin's price trajectory, suggesting a potential significant downturn due to a possible double top formation and several bearish factors. Bitcoin ETFs have seen $1.2 billion in net outflows, and large-scale liquidations in Bitcoin and Ethereum futures markets have occurred. Declining Bitcoin miner revenue and low Ethereum network activity also contribute to the bearish outlook.

Portfolio Pulse from Murtuza Merchant

June 24, 2024 | 5:55 pm

MSTR

MicroStrategy (NASDAQ:MSTR) shares are trading lower as Bitcoin falls below $62,000. The company recently acquired 11,931 bitcoins for $786 million, bringing its total holdings to 226,331 bitcoins. Bitcoin's 5% drop has negatively impacted MicroStrategy's stock, which is down 9.85% to $1,337.56.

Portfolio Pulse from Erica Kollmann

June 24, 2024 | 5:21 pm