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ETHUSD

On Sunday, 7,000.75 Ether (ETH) valued at approximately $15.5 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 the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -7.56% yesterday.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:00 pm

DIS

DKNG

The NCAA Football Playoff field is set, with Michigan, Washington, Alabama, and Texas competing for the National Championship. DraftKings Inc (NASDAQ:DKNG) provided betting odds for the teams, with Alabama's victory potentially yielding a $1,233,000 profit for one bettor. ESPN, a unit of Walt Disney Co (NYSE:DIS), will air the semifinal and championship games. The odds favor Michigan and Alabama, with potential profits for a $100 bet ranging from $180 to $700 depending on the team.

Portfolio Pulse from Chris Katje

December 04, 2023 | 5:36 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) stock has risen over 16% in the past five days, driven by investor anticipation of a German legislative vote on legalizing recreational marijuana. Tilray Europe, based in Germany, stands to benefit if the measure passes. Trading volume is high, with over 15.3 million shares traded versus a 100-day average of nearly 21 million. The stock is also a target for short-sellers, with 16.52% of shares sold short. TLRY is currently trading above its 50-day moving average but below its 52-week high.

Portfolio Pulse from Erica Kollmann

December 04, 2023 | 5:34 pm

IBM

IBM has launched 'IBM Quantum Heron,' a new utility-scale quantum processor, and unveiled IBM Quantum System Two, a modular quantum computer. The company has also expanded its Quantum Development Roadmap to 2033 and released Qiskit 1.0, an open-source quantum programming software. IBM shares are trading higher by 0.50% at $161.35.

Portfolio Pulse from Lekha Gupta

December 04, 2023 | 5:34 pm

GAIA

Gaia, Inc. (NASDAQ:GAIA) has appointed James Colquhoun as CEO, who will oversee the company's growth and operations. Colquhoun, previously Gaia's COO and FMTV's CEO before its acquisition by Gaia, brings digital marketing and brand building expertise. Gaia also launched a new AI-powered search engine for its media library, enhancing content discovery and recommendations for its members.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:34 pm

BEN

BTCUSD

ETHUSD

SUSHIUSD

UNIUSD

Franklin Templeton CEO Jenny Johnson disclosed her personal cryptocurrency investments, including Bitcoin (BTC), Ethereum (ETH), SushiSwap (SUSHI), and Uniswap (UNI). She is guiding the company towards blockchain technology to innovate asset management and improve access to private markets. Johnson differentiated Bitcoin from blockchain's broader applications and hinted at the potential of a Bitcoin spot ETF. Franklin Templeton has successfully tokenized a U.S. money-market fund, attracting over $270 million, and is exploring NFTs.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 5:26 pm

CVM

CEL-SCI Corporation's stock is trading higher following the announcement that the British National Institute for Health and Care Excellence (NICE) has selected its drug Multikine as a potential new standard of care for head and neck cancer.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 4:52 pm

CVM

CEL-SCI Corporation (AMEX:CVM) stock is trading higher after the announcement that the British National Institute for Health and Care Excellence (NICE) has selected its drug Multikine to be evaluated as a potential new standard of care for squamous cell carcinoma of the head and neck (SCCHN) in the U.K. The selection is based on phase III clinical trial results indicating a significant 5-year survival benefit. CEL-SCI's CEO Geert Kersten expressed encouragement over this development. CVM shares have surged 41% to $2.92.

Portfolio Pulse from Vandana Singh

December 04, 2023 | 4:45 pm

NIO

TSLA

NIO Inc (NASDAQ:NIO) shares are trading higher due to updates on its global infrastructure network expansion and November delivery numbers. The company reported 15,959 vehicle deliveries in November, a 12.6% increase year-over-year, and has delivered 142,026 vehicles year-to-date. Nio's stock may also be positively influenced by Tesla Inc's (NASDAQ:TSLA) reported 17.8% year-over-year drop in China sales for November, although Tesla's China-made deliveries rose by 14% from October. Nio is expected to report a Q3 loss of 43 cents per share on revenue of $2.63 billion. Nio shares were up 1.75% at $7.28 at the time of publication.

Portfolio Pulse from Adam Eckert

December 04, 2023 | 4:35 pm

NFLX

VZ

WBD

Verizon Communications Inc (VZ) has announced a new streaming bundle partnership with Netflix, Inc (NFLX) and Warner Bros. Discovery, Inc (WBD) Max, offering ad-supported services for $10 monthly, exclusively for Verizon's myPlan customers. The deal, starting December 7, provides over 40% savings and is part of ten $10 monthly perks within myPlan. Verizon's Q3 FY23 sales declined by 2.6% year-on-year, but beat consensus estimates. VZ shares dropped by 1.00% recently.

Portfolio Pulse from Anusuya Lahiri

December 04, 2023 | 4:22 pm