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BTCUSD

Analysts predict a bullish future for Bitcoin in 2024, driven by the Bitcoin halving event and potential approval of a Bitcoin ETF in the U.S. After a 152% surge in 2023, the resolution of legal issues involving FTX and Binance has fueled optimism. Experts like Mark Mobius, Youwei Yang, James Butterfill, and Antoni Trenchev forecast Bitcoin prices ranging from $60,000 to $100,000 by the end of 2024.

Portfolio Pulse from Bibhu Pattnaik

January 01, 2024 | 9:27 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) extends insurance subsidies for entry-level Model 3 vehicles in China until Jan. 31, offering a 6,000 yuan subsidy for deliveries completed by month-end. This is a reduction from the 8,000 yuan offered in December. Tesla also introduces a loan incentive with rates starting at 3.65% for Model 3 and Y, and 2.5% for Model S and X. Despite price cuts earlier in 2023, demand didn't surge significantly, but China sales showed momentum in the second half of the year. Tesla's Q4 global deliveries report is anticipated before the market opens Tuesday.

Portfolio Pulse from Shanthi Rexaline

January 01, 2024 | 8:04 pm

ETHUSD

On Sunday, 2,994.09 Ether (ETH) valued at approximately $6.93 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -0.90% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 6:00 pm

BYDDY

NIO

TSLA

VWAGY

XPEV

Chinese EV makers NIO, XPeng, Li Auto, and BYD reported strong December deliveries, with BYD on track to challenge Tesla's global EV dominance. XPeng and Li Auto achieved record monthly and quarterly deliveries, while BYD reported record quarterly BEV deliveries. Despite economic challenges, these companies ended the year positively, with new model launches and partnerships, such as XPeng's deal with Volkswagen. Tesla is expected to report lower Q4 deliveries compared to BYD, but may still lead in annual totals.

Portfolio Pulse from Shanthi Rexaline

January 01, 2024 | 2:04 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) has successfully expanded into the Canadian market, growing to around 200 employees and introducing Interac payments, which now account for over 80% of inflows. The company has worked closely with Canadian regulators to ensure a robust regulatory framework. Coinbase Canada's Country Director, Lucas Matheson, sees the approval of ETFs as institutional validation and believes it will increase demand and awareness. Coinbase is also investing in self-custody wallets and Layer Two solutions, aiming to update the financial system and address issues in industries like real estate through blockchain technology. Matheson is optimistic about the future, citing regulatory momentum and the potential for Canada to lead in the digital economy.

Portfolio Pulse from Stjepan Kalinic

December 31, 2023 | 6:57 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) is using AI technology to enforce its permanent ban on parties, particularly during holidays. The company's AI system evaluates factors like user ratings and booking proximity to block high-risk reservations. Over New Year's Eve, Airbnb prevented tens of thousands of potential party bookings globally. The measures are part of Airbnb's commitment to benefit hosts, guests, and local communities by maintaining safety and trust.

Portfolio Pulse from Bibhu Pattnaik

December 31, 2023 | 6:20 pm

TSLA

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), discussed his views on religion and the meaning of life in a 2023 biography and on the Full Send Podcast in 2022. Musk questioned biblical stories and the concept of communion from a young age, leading him to focus on science for explanations. He agrees with some Christian teachings but is not religious, and he contemplates the nature of the universe and life's meaning, suggesting that understanding the universe could be akin to understanding God.

Portfolio Pulse from Chris Katje

December 31, 2023 | 2:33 pm

Li Auto Inc. has announced the expected launch of its flagship family MPV, Li MEGA, on March 1, 2024, with deliveries starting in early March 2024. Li Auto is a key player in China's new energy vehicle market.

Portfolio Pulse from Charles Gross

December 31, 2023 | 1:46 pm

KARS

RIVN

TSLA

In 2023, the EV industry faced production and demand challenges, with Tesla, Inc. (TSLA) doubling its stock value after aggressive price cuts. Rivian Automotive, Inc. (RIVN) also ended the year positively, maintaining production forecasts and managing costs. Global EV adoption slowed due to affordability and infrastructure issues. Tesla's North American Charging Standard gained significant adoption from other automakers. Legacy automakers scaled back EV plans due to strikes and demand slowdown. Analyst Gary Black views Tesla as the only investable EV company, with BYD and Rivian as potential winners. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 7.85% for the year.

Portfolio Pulse from Shanthi Rexaline

December 30, 2023 | 3:28 pm

AVAX-USD

BTC-USD

DOGE-USD

ETH-USD

SHIB-USD

SOL-USD

Influencers are expressing optimism for the cryptocurrency market in 2024, with expectations of significant developments such as the launch of Shibarium, a Bitcoin ETF, and growth in altcoins. Social media personalities with large followings are predicting that 2024 will be a pivotal year for crypto, with potential for high returns and market expansion. The global crypto market cap is $1.65 trillion, with Bitcoin and Ethereum seeing substantial gains year-to-date. The decision on the spot Bitcoin ETF approval is anticipated between Jan. 5 and Jan. 10, 2024, with firms like BlackRock, Fidelity, and WisdomTree involved.

Portfolio Pulse from Khyathi Dalal

December 30, 2023 | 2:02 pm