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IBIT

Bitcoin has rebounded significantly, nearing $70,000, with key indicators suggesting continued growth. Increased market capitalization of stablecoins Tether and Circle, fair mining profitability, and large inflows into Bitcoin Spot ETFs, particularly BlackRock's ETF, are contributing factors. Despite concerns, Mt. Gox repayments have not caused market panic. Ethereum spot ETFs, however, saw net outflows recently.

Portfolio Pulse from Murtuza Merchant

July 29, 2024 | 1:42 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher as Bitcoin rises following former President Donald Trump's advocacy for crypto at the Bitcoin Conference. Trump vowed to make the U.S. a bitcoin superpower and create a national bitcoin stockpile. MicroStrategy executive chair Michael Saylor also spoke at the conference, predicting significant future value for Bitcoin. MicroStrategy, which holds 226,331 bitcoins, will report Q2 financial results on Aug. 1 and enact a 10-for-1 stock split.

Portfolio Pulse from Adam Eckert

July 29, 2024 | 1:21 pm

MULN

Mullen Automotive announced the sale of four Mullen CAMPUS EV cargo vans to DB Schenker for use on Intel's technology campus in Chandler, Arizona. Randy Marion Automotive has received full payment and delivered the vehicles.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:18 pm

BYDDF

LI

NIO

TSLA

XPEV

China's BYD has announced a price reduction of 50,000 Yuan on its hybrid SUV BAO 5, which is part of the Offroad FANGCHENGBAO lineup. This move is likely to impact the competitive landscape in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:08 pm

NAMS

NewAmsterdam Pharma shares are trading lower after the company announced its phase 3 BROOKLYN trial results for Obicetrapib in reducing LDL-C.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:07 pm

INMB

INmune Bio Inc. (NASDAQ: INMB) presented new Phase 1 study data at the Alzheimer's Association International Conference (AAIC) demonstrating the dose-dependent effect of their drug XPro on synaptic proteins in Alzheimer's patients.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:06 pm

CYTH

Cyclo Therapeutics has received a grant notice from the European Patent Office for a patent on methods for treating Alzheimer's Disease. The European Patent Number 3873604B will be published on August 21, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:05 pm

EDBL

Edible Garden AG Incorporated (NASDAQ: EDBL) has announced that its products are now available at Seasons Kosher and Lincoln Market retail locations. This expansion into new retail chains is expected to increase the company's market reach and visibility.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

SPNT

SiriusPoint and Hellenic Hull Management have announced a strategic partnership. SiriusPoint will provide underwriting support for high-quality marine hull and machinery risks. The partnership aims to strengthen long-lasting relationships in the marine insurance sector.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm

TNXP

Tonix Pharmaceuticals has been awarded up to $34 million by the U.S. Defense Threat Reduction Agency to develop broad-spectrum antiviral agents, focusing on the TNX-4200 program. This funding will support preclinical evaluation and a Phase 1 clinical study aimed at enhancing military medical readiness in biological threat environments.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 1:04 pm