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DOGEUSD

PEPEUSD

SHIBUSD

Pepe (PEPE), a frog-themed meme coin, surged 10% following significant whale movements and a tweet from Elon Musk featuring the Pepe meme. The tweet led to speculation about Musk's interest in Pepe, paralleling his known support for Dogecoin (DOGE). Whale Alert reported a transfer of 2.25 trillion PEPE tokens worth $20.2 million from Binance to Crypto.com, and a large whale deposited 500 billion PEPE to OKX. Zypto Pay announced the availability of a crypto card purchasable with PEPE tokens. Pepe's monthly gains stand at 688%, outperforming DOGE and Shiba Inu (SHIB). Derivatives data analysis shows a 56% volume increase and a 4% rise in open interest. Pepe is now the third-biggest meme coin, with the community speculating on its potential for further growth.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 6:42 pm

UBER

Uber Technologies Inc (NYSE:UBER) is making strides towards sustainability with its new 'emission savings' feature, showcasing the company's commitment to the environment. Despite experiencing volatility, including a 19% drop in July 2023, Uber's stock has shown resilience and impressive growth, rebounding strongly from its lows. The company's focus on eco-friendly initiatives is expected to positively impact its financial performance, with the stock already up 26% in early 2024 and aiming for the $100 milestone.

Portfolio Pulse from Zaheer Anwari

March 13, 2024 | 6:27 pm

PHIO

Phio Pharmaceuticals has expanded its clinical trial sites to include Banner MD Anderson Cancer Center, aiming to enhance its research capabilities and patient access for its ongoing studies.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 6:01 pm

MDXH

MDxHealth's stock price has increased following the announcement of a new genetic prostate cancer test. This development could potentially enhance the company's product portfolio and market position in the healthcare sector, specifically in cancer diagnostics.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 6:00 pm

ETHUSD

On Tuesday, 12,743.76 Ether (ETH) worth approximately $50.7 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade on August 5th, 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 -16.00% yesterday.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 6:00 pm

ARBUSD

COIN

ETHUSD

MATICUSD

Ethereum's Dencun upgrade significantly reduces Layer-2 transaction fees, impacting networks like Arbitrum, Polygon, and Coinbase's Base by enabling transactions at a fraction of the previous cost. This update introduces 'blobs' for data storage, reducing operational costs and potentially alleviating network congestion. Following the update, Ethereum's value increased by approximately 75% this year.

Portfolio Pulse from Murtuza Merchant

March 13, 2024 | 5:56 pm

HAS

Hasbro and Max-Matching Entertainments have entered into a strategic licensing partnership to develop location-based entertainment projects leveraging Hasbro's intellectual properties. This collaboration aims to expand the reach and engagement of Hasbro's brands through innovative entertainment experiences.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:39 pm

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) shares are trading higher, driven by CEO Alex Karp's CNBC appearance discussing a new $178 million U.S. Army contract and the AIP Bootcamp. Additionally, Wedbush Securities raised Palantir's price target from $30 to $35, citing a strong product portfolio in AI. Palantir's stock is up 1.98% at $25.19.

Portfolio Pulse from Erica Kollmann

March 13, 2024 | 5:35 pm

AVGO

HACK

TRFK

Broadcom Inc (NASDAQ:AVGO) has made significant advancements in optical interconnect solutions for AI and ML, including a 200-Gbps per lane electro-absorption modulated laser and the industry's first 200G/lane VCSEL. These technologies are expected to support the front-end and back-end networks of AI compute clusters. Broadcom anticipates $10 billion in AI chip sales in 2024, with Google and Nvidia as early adopters. Citi analyst Christopher Danely reaffirmed a Buy rating on Broadcom with a price target of $1,560, highlighting the potential growth from AI and the VMware acquisition. Investors can also gain exposure to Broadcom through Pacer Funds Pacer Data And Digital Revolution ETF (NYSE:TRFK) and Amplify ETF Trust Amplify Cybersecurity ETF (NYSE:HACK).

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 5:34 pm

GS

Goldman Sachs Group, Inc. (NYSE:GS) aims to expand its private credit portfolio from $130 billion to $300 billion in five years. Marc Nachmann, global head of asset and wealth management, announced plans to raise $40-$50 billion for alternative investments this year, with a significant portion allocated to private credit strategies. The expansion is part of a broader strategy to improve return on equity and grow the wealth management business, particularly focusing on ultra-high-net-worth clients in Europe and Asia.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 5:26 pm