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Assets

SUUN

SolarBank Corporation (NASDAQ:SUUN) has signed lease agreements for five sites in Orleans County, New York, totaling 94 acres for the development of a 30 MW DC solar power project. These projects are expected to qualify for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:48 am

AAPL

HOOD

ICE

NVDA

The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), is exploring the possibility of 24/7 trading, similar to cryptocurrencies like Bitcoin and Ethereum. This consideration is in response to increased retail investor activity and the continuous trading nature of cryptocurrencies. The NYSE is conducting a survey on this potential shift, while the SEC reviews a 24/7 exchange proposal backed by Steve Cohen's Point72. Companies like Apple Inc (NASDAQ:AAPL) and NVIDIA Corp (NASDAQ:NVDA), along with brokers like Robinhood Markets Inc. (NASDAQ:HOOD), are highlighted in the context of this discussion.

Portfolio Pulse from Benzinga Neuro

April 22, 2024 | 7:43 am

MFI

mF International has priced its IPO at $4.5 per share, offering 1,666,667 ordinary shares. These shares are approved for listing on the Nasdaq Capital Market and will start trading on April 22, 2024, under the ticker symbol 'MFI'.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:15 am

UUUU

Energy Fuels (UUUU) has signed a definitive agreement to acquire all issued shares of Base Resources for approximately A$375M, including the Toliara heavy mineral sands project in Madagascar. This acquisition will enable low-cost, U.S.-centered rare earth oxide production through processing at Energy Fuels' White Mesa Mill. The deal also includes Base Resources' experienced mine development and operations team. Energy Fuels is in discussions with U.S. government agencies for support on this critical mineral project, which complements its U.S. uranium production capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:01 am

BAR

GLD

UGL

Billionaire investor Ray Dalio advocates for gold as a hedge against inflation and a potential debt crisis, citing global debt concerns. He highlights the depreciative risk of currencies due to excessive debt levels in major economies. Amidst this backdrop, gold ETFs like ProShares Ultra Gold (UGL), GraniteShares Gold Trust (BAR), and SPDR Gold Trust (GLD) have shown significant returns, with UGL leading at a 29.17% year-to-date return. Dalio's stance on gold aligns with his broader economic warnings, including a potential 'lost decade' for China if debt issues are not addressed.

Portfolio Pulse from kaustubh@benzinga.com

April 22, 2024 | 6:28 am

BITDIGITAL

CORE

HIVE

HUT

TERAWULF

Bitcoin miners are adopting artificial intelligence (AI) to counter the revenue dip expected from the recent halving event, which reduced the reward for mining new blocks. Companies like Core Scientific are investing in AI and new mining rigs to create alternative revenue streams. The industry anticipates a shift towards AI in locations with secure energy sources, with companies such as BitDigital, Hive, Hut 8, Terawulf, and Core Scientific leading the way. The halving has also led to a decrease in Bitcoin transaction fees to a five-year low, despite reducing miners' revenue by 50%.

Portfolio Pulse from Benzinga Neuro

April 22, 2024 | 4:50 am

SOLUSD

Melania Trump announced the launch of a $245 customizable Mother's Day necklace, 'Her Love & Gratitude,' which includes a limited-edition digital collectible on the Solana blockchain. This move marks her continued interest in digital art and blockchain technology, following her previous ventures such as a Solana-powered NFT platform and digital art collections. Solana's price saw a slight decrease of 0.28% at the time of the announcement.

Portfolio Pulse from Benzinga Neuro

April 22, 2024 | 1:54 am

BTCUSD

Ali Martinez, a renowned crypto analyst, highlighted a potential 67% gain in Bitcoin as its Market Value to Realized Value (MVRV) ratio falls below its 90-day average, signaling a prime buying opportunity. This trend, observed since November 2022, aligns with the recent drop in Bitcoin transaction fees and the market's response to the latest Bitcoin halving event. Bitcoin's price stands at $64,916, with a slight decrease over the past 24 hours but a significant increase since the year's start.

Portfolio Pulse from Benzinga Neuro

April 22, 2024 | 1:21 am

BTCUSD

ETHUSD

Bitcoin (BTC) transaction fees have hit a five-year low, as reported by CryptoQuant analyst Julio Moreno. This decrease follows a period of increased fees after the Bitcoin halving event and the introduction of the Runes token standard, which initially drove up transaction costs. Despite the high activity associated with Runes, including a transaction that incurred over $500,000 in fees, the average daily transaction fee on the Bitcoin network has significantly dropped. This reduction in fees is notable, especially in the context of the halving, which decreased block rewards for miners. Unlike Ethereum (ETH), which has implemented upgrades like the Dencun upgrade to lower transaction fees, Bitcoin has no immediate plans for similar changes.

Portfolio Pulse from Bibhu Pattnaik

April 21, 2024 | 8:53 pm

KMCM

LOAR

MFI

MRX

RAN

RBRK

YYGH

The upcoming week will see several companies launching their initial public offerings (IPOs), including Loar Holdings Inc (LOAR), Key Mining Corp (KMCM), RUBRIK, INC (RBRK), Marex Group plc (MRX), RanMarine Technology B.V. (RAN), YY Group Holding Limited (YYGH), and mF INTERNATIONAL LIMITED (MFI). These companies are set to trade publicly with specified price bands and shares offered, all having a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

April 21, 2024 | 6:07 pm