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The article discusses the impact of crypto on society, focusing on Friend.tech's upcoming airdrop, influencer Ansem's role in the crypto community, and broader concerns about the 'dumbing down of America.' Friend.tech, likened to a crypto version of Onlyfans, is gaining attention for its airdrop of $FRIEND tokens. Ansem, a prominent Solana supporter, is highlighted for his market influence. The piece also touches on societal shifts towards a service and information economy, as critiqued by Carl Sagan in 1995, suggesting crypto may be exacerbating these trends.

Portfolio Pulse from Ivan Crnogatić

April 07, 2024 | 2:54 pm

BTCUSD

DOGEUSD

Dogecoin (DOGE) experienced a significant price increase of 8.3%, reaching $0.196, driven by whale transactions and a concurrent rise in Bitcoin (BTC). The movement of 200 million DOGE from Robinhood to an unknown wallet, along with other large transactions, contributed to this surge. Bitcoin's performance often influences the broader cryptocurrency market, potentially signaling the start of an 'altcoin season' where alternative cryptocurrencies like Dogecoin see increased investment and price gains.

Portfolio Pulse from Henry Khederian

April 07, 2024 | 3:24 am

ABNB

ALK

AMZN

CHH

TGT

UAL

WMT

The upcoming solar eclipse on April 8 is expected to boost the U.S. economy by $1.5 billion, particularly benefiting businesses in the eclipse's path. Historical data shows a positive correlation between solar eclipses and the Dow Jones Industrial Average's performance, with the Dow ending higher in 10 out of 13 total solar eclipse years since 1900. Companies like Airbnb, Choice Hotels International, United Airlines, Alaska Airlines, Amazon, Walmart, and Target are experiencing increased demand due to the eclipse, with significant surges in bookings, occupancy rates, and sales of eclipse-related products.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 4:40 pm

Donald Trump is leveraging a high-profile fundraising event to unite the Republican megadonor community for his 2024 reelection campaign. Despite raising an expected $43 million, Trump lacks financial support from key donors like Miriam Adelson, who, along with her late husband Sheldon, contributed $90 million to Trump's 2020 campaign. Other notable absentees include Blackstone Inc.'s CEO Stephen Schwarzman and Elliott Management's Paul Singer. Trump's legal expenses are consuming a significant portion of donations, adding pressure to secure more funds. Miriam Adelson's eventual contribution is anticipated, reflecting the complex dynamics between Trump and his major donors.

Portfolio Pulse from Nabaparna Bhattacharya

April 06, 2024 | 3:46 pm

DOGEUSD

Dogecoin (DOGE) experienced a significant price surge, crossing the $0.18 mark, following the transfer of 200 million DOGE from Robinhood to an unknown wallet. This movement, valued at approximately $35.45 million, was executed in two transactions and has contributed to a bullish sentiment among investors. The crypto community is closely watching Dogecoin, especially with the upcoming Bitcoin halving event, anticipating potential price rallies. Additionally, Elon Musk's X Payments LLC's expansion has also been linked to increased interest in Dogecoin.

Portfolio Pulse from Bibhu Pattnaik

April 06, 2024 | 2:03 pm

BTCUSD

DOGEUSD

A viral post by a crypto trader, Shabby, on X (formerly Twitter) discusses the illusion of financial freedom through accumulating wealth, emphasizing that happiness and freedom are not tied to monetary values. The post, which garnered over 1 million views, sparked a debate among the crypto community, with various traders and a crypto VC firm's member weighing in on the relationship between wealth, happiness, and self-worth. The discussion reflects broader sentiments in the cryptocurrency space regarding greed, ambition, and the pursuit of wealth.

Portfolio Pulse from Ivan Crnogatić

April 06, 2024 | 1:05 pm

AAPL

HTZ

META

TSLA

Wall Street experienced significant declines, with the Dow dropping 2.27% in its steepest weekly fall of 2024. Treasury yields spiked following a report of higher-than-expected job growth. Bullish views include Tesla's AI project potential, Apple's new AI model ReALM, and support for Shiba Inu. Bearish perspectives involve Meta sharing user data, challenges for Bitcoin spot ETFs, and Hertz's issues with Tesla EVs.

Portfolio Pulse from Michael Cohen

April 06, 2024 | 12:56 pm

BTCUSD

DIA

GLD

Peter Schiff warns that despite the Dow Jones' recent 300-point rise, it is in a 'stealth bear market' when compared to gold, which hit a record high of over $2,300 per ounce. Schiff highlights that the Dow, when measured in gold, is down about 10% in 2024, and predicts a 35% upside for commodity prices. He also advises Bitcoin holders to switch to gold and silver, emphasizing gold's role as a reliable store of value amidst a surge in mining stocks.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 7:35 am

DXYZ

The Destiny Tech100 (NYSE:DXYZ) fund, which invests in private high-growth tech companies like SpaceX and OpenAI, has seen its stock price skyrocket by 558% to a market value of $644 million in just two weeks since its listing on March 26. Despite a high management fee of 2.5%, the fund's significant holdings in companies such as SpaceX (34.6%), Epic Games (4%), OpenAI (3.8%), and Chime (1.9%) offer investors unique exposure to the private tech sector.

Portfolio Pulse from Rounak Jain

April 06, 2024 | 3:18 am

LINK

The article discusses the hidden costs in DeFi, beyond upfront gas fees, that can impact investor returns, such as Impermanent Loss, Loss-Versus-Rebalancing, Slippage, and Maximal Extractable Value. It mentions traditional payment processors like Visa and Mastercard for comparison and highlights the dynamic nature of gas fees on platforms like Ethereum and Solana. It suggests ways to mitigate these costs, including understanding AMM models, researching platform strategies, and using tools like LlamaSwap, 1inch, Matcha, and Flashbots Protect. Newer oracle protocols like Pyth are also mentioned as innovative solutions.

Portfolio Pulse from Benzinga Contributor

April 05, 2024 | 9:22 pm