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BTCUSD

ETHUSD

Bitcoin's surge past $46,000 led to over $160M in short position liquidations, with the Fear & Greed Index indicating 'Extreme Greed'. Ethereum shorts also faced significant losses. Analyst Jamie Coutts suggests Bitcoin's fundamentals, including network activity, support its value despite being below peak levels. The SEC warns against FOMO-driven investments ahead of an anticipated ETF approval.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 4:29 am

BLK

FNF

Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the SEC is inevitable, citing improved market dynamics and satisfactory disclosures from companies like BlackRock and Fidelity. Bloomberg ETF analyst James Seyffart predicts a 90% chance of approval by Jan. 10, which could significantly impact the cryptocurrency industry by allowing traditional investors to gain Bitcoin exposure.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 3:25 am

BLK

Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), experienced significant gains as the market anticipates the approval of the first spot-based Bitcoin ETFs in the U.S. Asset management firms like BlackRock, Fidelity, and Grayscale have updated their S-1 filings with the SEC, revealing their fee structures. Bitwise offers the lowest fee at 0.24%, while BlackRock set its fee at 0.30%. The global cryptocurrency market cap slightly declined, while stock averages increased, with the S&P 500 and Nasdaq Composite rising. Analysts predict a bullish cycle for Bitcoin, with the upcoming ETF approval and the Bitcoin Halving event serving as potential catalysts.

Portfolio Pulse from Mehab Qureshi

January 09, 2024 | 2:42 am

ALK

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has discovered loose bolts on several grounded Boeing 737 MAX 9 airplanes, raising concerns about Boeing Co's (NYSE:BA) manufacturing processes. The issue came to light after an incident with an Alaska Airlines (NYSE:ALK) MAX 9 plane, leading to the grounding of 171 aircraft. Boeing's shares fell by 8% following the news. The FAA has authorized inspections, and Boeing has expressed its commitment to safety and support for the ongoing investigation.

Portfolio Pulse from Benzinga Neuro

January 09, 2024 | 12:50 am

TTNP

Trading for TTNP has been halted at 7:50:00 p.m. ET due to pending news. The halt is in place to manage market orderliness and investor protection pending the release of material news.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:50 am

BTCUSD

Max Keiser, a Bitcoin maximalist, has warned that the U.S. government plans to seize all Bitcoin ETFs, which he views as illegitimate and not offering real Bitcoin ownership. Bloomberg analysts Eric Balchunas and James Seyffart countered Keiser's claims, arguing that Bitcoin ETFs do provide ownership through shares linked to custodied Bitcoin and are less problematic than gold ETFs. The debate highlights a divide in the Bitcoin community between those who prioritize direct ownership and those who see ETFs as a means to mainstream adoption.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 12:08 am

ARKK

BTCUSD

Cathie Wood of Ark Invest believes Bitcoin (BTC) has more room to grow and that an ETF approval could be a 'green light' moment for institutional investors. Despite expectations of a sell-off post-ETF approval, Wood argues that the market may have already positioned for this. She expects substantial inflows from retail and institutions if an ETF is approved, citing Bitcoin's scarcity and potential for substitution with gold as factors for its continued rise.

Portfolio Pulse from Adam Eckert

January 08, 2024 | 10:04 pm

CAAP

Corporación América Airports S.A. (NYSE:CAAP) announced that its subsidiary ICASGA received a gross indemnification payment of R$610.4 million due to the friendly termination of its concession agreement for the Natal airport in Brazil. The payment will positively impact CAAP's Adjusted EBITDA by R$610.6 million in 4Q2023. The net indemnification amount will be disclosed after accounting for regulatory deductions, taxes, and costs, as well as pre-payment of ICASGA's debts. The transition to a new operator is expected to be completed by early March.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:36 pm

SPY

Fed Governor Michelle Bowman stated the Fed's willingness to raise policy rates if inflation progress stalls or reverses. She also criticized climate guidance from banking regulators, arguing it diverts resources from core financial risks.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:34 pm

SPY

Fed's Bowman commented on the labor market's supply and demand reaching a better balance but noted that upside risks to inflation persist, including geopolitical factors and easing financial conditions. She emphasized a cautious approach to any changes in the Fed's policy rate.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 9:34 pm