Streetbeat News

Regulatory

EWG

Germany's GfK Consumer Climate for November was reported at -28.1, worse than the estimated -26.6 and the revised prior of -26.7. This indicates a decline in consumer confidence in Germany.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:06 am

EWU

The U.K. employment change for August was -82K, better than the estimated -198K and the prior figure of -207K.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:05 am

EWU

The U.K. claimant count change for September was significantly higher than estimated, coming in at 20.4K versus the 2.3K estimate. The prior figure was revised to -9.0K.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:05 am

BBJP

DXJ

EWJ

The Bank of Japan's Core Consumer Price Index (YoY) has risen to 3.4%, surpassing the estimated 3.3% and the prior 3.3%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 5:07 am

BLK

BTCUSD

Bitcoin's price surged past $34,000, triggering a liquidation of BTC shorts worth $170 million. The majority of these short positions were on exchanges like Huobi, Binance, and OKX. Over 83,858 traders faced liquidation, resulting in a total of $351.48 million being liquidated across various exchanges. This comes as BlackRock updated its application to launch its Bitcoin spot ETF, indicating growing confidence that the SEC will approve the Bitcoin spot ETF. A judge also ordered the SEC to reconsider Grayscale's application for a Bitcoin ETF.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 2:48 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin's price surged to $34,000, followed by Ethereum and Dogecoin, due to the progress made by BlackRock in preparing its proposed Bitcoin ETF, iShares Bitcoin Trust (IBTC). The ETF is now listed on the Depository Trust and Clearing Corporation (DTCC) website, indicating a level of confidence in the SEC granting approval. The recent rallies are believed to be a result of the growing excitement surrounding the potential approval of Bitcoin spot ETF applications by the SEC. The global crypto market cap stands at $1.24 trillion, reflecting a 7.22% increase in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 2:15 am

BTCUSD

Investor Peter Schiff warns of potential risks for Bitcoin speculators, particularly in light of the recent enthusiasm around a possible Bitcoin ETF approval. Schiff believes that the current buying frenzy might soon be overshadowed by a wave of selling. This warning comes amidst a bullish run for Bitcoin, which recently topped $33,000.

Portfolio Pulse from Benzinga Neuro

October 24, 2023 | 12:58 am

BTCUSD

ETHUSD

SOLUSD

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