Streetbeat News

Assets

ETH-USD

A major Ethereum investor lost over $4.5 million in two failed attempts to leverage ETH, selling $33 million worth of ETH to settle the debt. Other whales are accumulating Ethereum, with significant withdrawals from Binance and OKX. The crypto market's volatility is influenced by geopolitical tensions, but Ethereum's ecosystem growth, highlighted by Puffer Finance's valuation, suggests confidence in its long-term potential.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:18 pm

CLSK

GBTC

IBIT

MARA

RIOT

Spot Bitcoin ETFs experienced a net outflow of $58.03 million in a single day, with the Grayscale Bitcoin Trust (GBTC) seeing the largest outflow of $79.38 million. In contrast, BlackRock's iShares Bitcoin Trust (IBIT) reported a net inflow of $25.78 million. Amid these shifts, Bitcoin mining companies like Marathon Digital Holdings Inc. (MARA), Riot Platforms Inc. (RIOT), and CleanSpark Inc. (CLSK) faced share price declines, influenced by Bitcoin halving and geopolitical tensions.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 2:16 pm

TPET

On April 16, 2024, Trio Petroleum Corp. (TPET) entered into a securities purchase agreement with an institutional investor for $360,000, resulting in net proceeds of $310,000 after expenses. The deal included issuing 750,000 shares of common stock and granting the investor piggy-back registration rights and the right to participate in future financings. The company is also planning a reverse stock split to maintain NYSE American listing.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:11 pm

CEG

Constellation has applied for a license renewal with the NRC to extend the operation of its Dresden Clean Energy Center in Morris, Illinois, through 2051. This move aims to continue providing reliable, carbon-free energy, supporting the regional economy, and addressing the climate crisis. The Dresden facility, powering nearly 1.4 million homes, is a significant part of Constellation's efforts to maintain its nuclear fleet, which is crucial for America's clean energy output. Public support for nuclear energy has grown due to its reliability and carbon-free benefits, especially highlighted during severe weather events. The Climate and Equitable Jobs Act and federal nuclear production tax credit have provided policy support, with the potential extension enabling significant additional carbon-free electricity generation in Illinois.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 2:02 pm

ORLA

Orla Mining (AMEX:ORLA) has significantly outperformed the market with an annualized return of 39.24% over the past 5 years, growing a $1000 investment to $5,233.69. The company now has a market capitalization of $1.27 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

LYFT

Lyft's (NYSE:LYFT) short interest has decreased by 7.18% since the last report, with 48.94 million shares sold short, representing 14.6% of its float. This decline in short interest could indicate a more bullish sentiment among investors towards Lyft, despite it having a higher short interest compared to its peers, with the average being 6.79%. The article suggests that while a decrease in short interest does not guarantee a stock price increase, it is an important sentiment indicator.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

NVDA

Over the past 15 years, NVIDIA (NASDAQ:NVDA) has significantly outperformed the market, with an average annual return of 46.74%, turning a $100 investment into $31,001.59 today. NVIDIA's market capitalization currently stands at $2.20 trillion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

GSUN

Golden Sun Health (NYSE:GSUN) has seen a 6.95% increase in its short percent of float since the last report, with 196 thousand shares sold short, representing 2.0% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Compared to its peers, GSUN has a higher short interest, suggesting more bearish sentiment towards it than its counterparts.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

MTDR

Matador Resources (NYSE:MTDR) has seen a decrease in short interest, now at 9.86 million shares or 9.48% of float, down 5.48% since the last report. It would take about 5.73 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards MTDR, potentially signaling increased bullishness. Compared to its peers, MTDR has a higher short interest percentage of float, with the average for its peer group at 6.74%.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 2:00 pm

ETHUSD

SOLUSD

Raoul Pal, a former Goldman Sachs executive, has shifted 80% of his cryptocurrency investments to Solana (SOL), moving away from Ethereum (ETH) and other cryptocurrencies. He has converted his Ethereum holdings into high-end art NFTs and also holds a small portion (1%) in meme coins like Dogecoin. Pal's decision is influenced by Solana's performance and its recent updates to address network congestion.

Portfolio Pulse from Benzinga Neuro

April 17, 2024 | 2:00 pm