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BTCUSD

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Bitcoin's price has surpassed $31,000, and BlackRock is planning to launch the first spot Bitcoin ETF in the U.S., to be listed as iShares Bitcoin Trust. Digital Asset Fund Flows marked the fourth consecutive week of inflows at $66 million, driven by optimism surrounding the possible approval of a spot Bitcoin ETF. Meanwhile, Solana has seen a significant increase in its trading volume and market cap, while Ethereum is the only altcoin to see outflows.

Portfolio Pulse from Khyathi Dalal

October 23, 2023 | 10:04 pm

BIOR

Biora Therapeutics plans to submit an updated Investigational New Drug (IND) application for BT-600, following a request for additional information from the FDA. The company could potentially submit the updated filing as early as this week.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 9:32 pm

BLK

BTCUSD

GBTC

The U.S. Court of Appeals for the D.C. Circuit has confirmed Grayscale Investments' ruling, mandating the SEC to reassess Grayscale's application for a spot Bitcoin ETF. This decision aligns with the court's judgment from Aug. 29, 2023, offering renewed hope for Grayscale's ambitions. Grayscale's latest move is part of its strategic push to transition the Grayscale Bitcoin Trust into a spot Bitcoin ETF. The company has expressed its intent to list its shares on NYSE Arca under the ticker symbol GBTC.

Portfolio Pulse from Murtuza Merchant

October 23, 2023 | 8:56 pm

AGRO

ARGT

GGAL

MELI

PAM

YPF

Argentina's general election has left the stage divided between far-right libertarian Javier Milei and progressive centrist Sergio Massa, with a November runoff to decide the presidency. The election results have disrupted the balance of power between the two main coalitions that had been disputing power for the last two decades. The country's main U.S.-listed companies showed no clear pattern after the election results. The Global X MSCI Argentina ETF (NYSE:ARGT) is up 18.5% since January, but lost over 17% of its value since Sept. 1. Mercado Libre (NASDAQ:MELI) is up 43.5% since January with a drop of 2.4% in the last week. YPF (NYSE:YPF) suffered a 5.3% drop after the election. Pampa Energia S.A. (NYSE:PAM) saw a drop of 7% in after-hours weekend trading, but recovered more than half of the losses since trading began Monday. Adecoagro SA (NYSE:AGRO) has delivered returns of almost 44% this year. Grupo Galicia (NASDAQ:GGAL) is up 1.32% on Monday.

Portfolio Pulse from Natan Ponieman

October 23, 2023 | 8:39 pm

CPB

SOVO

Campbell Soup Company (NYSE:CPB) has received a second request for additional information from the Federal Trade Commission (FTC) regarding its proposed acquisition of Sovos Brands, Inc. (NASDAQ:SOVO). This is part of the FTC's review under the Hart-Scott-Rodino Antitrust Improvement Act. The company now expects to complete the transaction in the next calendar year, aiming for mid-2024.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:37 pm

ASTI

Ascent Solar Technologies has announced that its initial concept paper for DE-FOA-0003057: 'Bipartisan Infrastructure Law: Silicon Solar Manufacturing, and Dual-use Photovoltaics Incubator' has received an 'Encouraged' decision from the Department of Energy (DOE).

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:32 pm

CBAY

CymaBay Therapeutics, Inc. (NASDAQ:CBAY) presented findings from its post-hoc analysis of the Phase 3 ENHANCE study of seladelpar for the treatment of primary biliary cholangitis (PBC). The study showed that treatment with seladelpar is correlated with a significant decrease in both IL-31 levels and levels of patient-reported itch. The company also presented a post-hoc analysis of four seladelpar clinical trials from 2015 to 2022, which found that PBC patients previously treated with ursodeoxycholic acid (UDCA) with elevated alkaline phosphatase (ALP) who did not meet current clinical guidelines for second-line treatment, nevertheless had a significant risk of disease progression.

Portfolio Pulse from Happy Mohamed

October 23, 2023 | 8:11 pm

RDFN

Redfin Corp has secured a commitment of up to $250M in financing from funds managed by Apollo Capital Management, L.P. and its affiliates, according to an SEC 8k filing.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:10 pm

BTCUSD

Approximately 4,800 Bitcoin (CRYPTO: BTC), valued at $144 million, were transferred from an account linked to the Abraxas darknet market to a Bitcoin mixer. This move has raised eyebrows due to the size of the transfer and the association with the defunct Abraxas darknet market. The event underscores the importance of transparency and the role of forensic blockchain analysts in tracing cryptocurrency transactions.

Portfolio Pulse from Murtuza Merchant

October 23, 2023 | 7:51 pm

EIS

SPY

President Biden was asked about a ceasefire but responded by saying that hostages should be released. The article does not provide further details about the context of this statement or its potential impact on specific companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 7:29 pm