Streetbeat News

Macroeconomic

BTCUSD

The Pakistan Crypto Council proposed using excess national energy for Bitcoin mining during its inaugural meeting, signaling potential regulatory openness to cryptocurrency development. The meeting involved key government and financial stakeholders discussing comprehensive crypto regulatory frameworks aimed at attracting foreign investment and positioning Pakistan as a potential crypto hub.

Portfolio Pulse from

March 22, 2025 | 5:00 pm

XRP

The stablecoin market has experienced significant growth, reaching over $230 billion with a 56% year-over-year increase. Ripple's RLUSD is gaining traction, with a $160 million circulating supply and increasing Ethereum mainnet adoption. Political support, including Trump's call for clear stablecoin regulations, is driving market confidence.

Portfolio Pulse from

March 22, 2025 | 4:15 pm

BRK-A

The article discusses the current market downturn, with the S&P 500 experiencing significant declines due to economic growth concerns and trade war tensions. Warren Buffett's Berkshire Hathaway is positioned as a potential hedge against broader market volatility.

Portfolio Pulse from

March 22, 2025 | 3:45 pm

CLR

At CERA week, oil producers and policymakers discussed the complexities of oil production, with industry leaders like Saad Rahim of Trafigura and Harold Hamm of Continental Resources expressing hesitation about aggressive pumping strategies. The discussion highlights the nuanced challenges in balancing market supply and economic considerations.

Portfolio Pulse from

March 22, 2025 | 2:45 pm

XLU

The Utilities Sector ETF (XLU) has outperformed the S&P 500 over the past twelve months, delivering a 24% return compared to the index's 8.4%. Analysts view XLU as a potential hedge against inflation and economic slowdown, with a high correlation to gold. However, potential regulatory challenges and shifting market sentiment create a complex outlook.

Portfolio Pulse from

March 22, 2025 | 2:30 pm

BTCUSD

Bo Hines, Trump's crypto advisor, suggests a potential gold-to-Bitcoin swap for national reserves, aligning with Senator Cynthia Lummis's proposal. The administration shows openness to digital assets, with Bitcoin currently trading around $84,170 and potentially targeting $112,000 if key price levels are maintained.

Portfolio Pulse from

March 22, 2025 | 2:30 pm

BTCUSD

Michael Saylor, a prominent Bitcoin advocate, has recommended that the European Union consider purchasing Bitcoin as a potential hedge against the Euro's recent depreciation against the US dollar. This suggestion comes amid growing currency volatility and concerns about the Euro's stability.

Portfolio Pulse from

March 22, 2025 | 2:15 pm

ZIM

ZIM Integrated Shipping continues to present an attractive dividend investment opportunity, but faces increased risks from market overcapacity and macroeconomic uncertainties. The company's dividend strategy remains compelling, though investors should be cautious about potential market volatility.

Portfolio Pulse from

March 22, 2025 | 2:15 pm

ASGI

DMF

JEQ

The closed-end fund (CEF) market faced challenges in the second week of March, with pressure from rising credit spreads and lower stock performance. Despite weekly declines, year-to-date performance remains mostly positive. Notable developments include proposed mergers between JEQ and ASGI, and DMF's plan to merge into an affiliated mutual fund. Distribution coverage across bond CEFs has increased in response to potential Fed rate cuts.

Portfolio Pulse from

March 22, 2025 | 2:00 pm

BTCUSD

Pakistan is considering leveraging its electricity surplus by attracting global Bitcoin miners, potentially transforming an economic challenge into a new revenue stream. High-level government meetings, including discussions with the Finance Minister and State Bank Governor, are exploring creating a special electricity tariff and regulatory framework for cryptocurrency mining.

Portfolio Pulse from

March 22, 2025 | 1:00 pm