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Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show little change despite bullish momentum, with a $160K price target for Bitcoin considered conservative. FTX seeks to nullify 'Sam Coins' amid bankruptcy. Dawkoins surges 400% on Richard Dawkins' birthday. GameStop and other stocks move lower in pre-market trading, while investor sentiment drops, affecting the S&P 500. Political and tech developments, including Tesla's Optimus robot and Apple's potential AI event, are highlighted. Financial and energy sectors also see significant news.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 1:18 pm

OXBR

Oxbridge Re Holdings Limited (OXBR) announced the launch of 'EpsilonCat Re', a tokenized real-world asset offering through its subsidiary SurancePlus Inc. The offering involves issuing 500,000 to 1,000,000 digital token participation shares at $10 each, with proceeds used to purchase participating notes for collateralized reinsurance contracts. The EpsilonCat Re tokens target an annualized return of 42%, with last year's DeltaCat Re tokens exceeding expectations. OXBR's venture into RWA tokenization aligns with broader financial trends, including Blackrock's plan to tokenize $10 trillion of assets.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:17 pm

BTBT

Bit Digital Inc (NASDAQ:BTBT), a bitcoin mining company, announced receiving a customer proposal to expand its existing agreement for Bit Digital AI by an additional 2,048 GPUs, bringing the total to 4,096 GPUs. This expansion is expected to help the company reach a $100 million annualized revenue run-rate for its AI business. The company's revenue growth in FY23 was 39.15%, influenced by various factors including the macroeconomic environment. Bit Digital's stock was up 3.95% at $2.36 following the announcement.

Portfolio Pulse from Adam Eckert

March 27, 2024 | 1:16 pm

OPTX

Syntec Optics has received a $2.8 million order for opto-mechanical sub-systems used in night vision goggles. This order could indicate a significant boost in the company's operations and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:14 pm

TSM

TSMC is projected to see revenue growth in Q2 of 2024, driven by high utilization of its 3/5nm process capacity, as per industry sources reported by DigiTimes.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:13 pm

TWLO

Twilio announced the launch of Unified Profiles and Agent Copilot, integrating Twilio Segment's 'Golden' Customer Profiles into Flex. This integration provides employees with deeper insights into customer behaviors and preferences, facilitating more personalized interactions. This initiative is the first of three planned launches in 2024 to natively embed Segment into Twilio's Communication products.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:12 pm

FSR

Fisker Inc. has significantly reduced the prices of its electric vehicles (EVs) by up to 39% in a strategic move to stay competitive and ensure its survival in the increasingly crowded EV market, according to Bloomberg News.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:09 pm

QUAD

Quad has announced a Postal Optimization Program aimed at helping mailers mitigate the impact of the recent USPS postage rate hikes. This program is designed to offer solutions that can reduce mailing costs and improve efficiency for businesses affected by the increased rates.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:08 pm

MBRX

Moleculin Biotech, Inc. has received a U.S. patent issue notification for Annamycin, a drug targeting the unmet need in Acute Myeloid Leukemia (AML). This development could significantly impact the company's position in the oncology market, particularly in the treatment of AML.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:06 pm

TRUG

TruGolf Holdings, Inc. (NASDAQ:TRUG) has announced a strategic partnership with Franchise Well to accelerate its global expansion through franchising. This move aims to capitalize on the growing demand for off-course golf experiences, as evidenced by the National Golf Foundation's data showing a significant increase in off-course golf participation. TruGolf's CEO, Chris Jones, emphasized the goal of making golf more accessible globally, while Franchise Well's Ben Litalien highlighted the low labor, high technology appeal of TruGolf's franchising model.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 1:05 pm