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BTCUSD

Bitcoin has surged past $28,000, reaching a six-week high due to significant accumulation among large wallets. Over 41,000 BTC have been amassed by major investors known as 'sharks' and 'whales' since September. The positive sentiment in the crypto market is also boosted by the potential approval of a spot Bitcoin ETF by the SEC. CoinGlass data shows that 29,385 traders faced significant liquidation in the past 24 hours, resulting in a total liquidation value of $114.21 million.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 8:10 am

VGK

The Eurozone Manufacturing Purchasing Managers Index (PMI) for September was reported at 43.3, slightly below the estimated 43.4 and the prior figure of 43.5.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 8:00 am

EWG

Germany's Manufacturing Purchasing Managers Index (PMI) for September was reported at 39.6, slightly below the estimated 39.8 and higher than the previous month's 39.1.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:55 am

EWQ

France's Manufacturing Purchasing Managers Index (PMI) for September was reported at 44.2, lower than the previous month's 46 and below the estimated 43.6.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:50 am

DXCM

DexCom, Inc. (NASDAQ:DXCM), a global leader in real-time continuous glucose monitoring for people with diabetes, announced new clinical study outcomes demonstrating the benefits of CGM use. The company also provided more details about its expanding portfolio of automated insulin delivery offerings at the 59th Annual Meeting of the European Association for the Study of Diabetes.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:15 am

AAPL

GOOG

GOOGL

MSFT

Microsoft CEO, Satya Nadella, is set to testify in the ongoing Google antitrust trial. The DOJ alleges that Google's search division maintained a monopoly through annual payments of $10 billion to secure its search engine as the default choice on mobile devices and web browsers. Microsoft's business development executive, Jonathan Tinter, testified that Microsoft failed to secure a deal to feature its Bing search app on Apple's products despite offering more favorable terms than Google.

Portfolio Pulse from Ananya Gairola

October 02, 2023 | 6:35 am

PSHZF

Bill Ackman's firm, Pershing Square Holdings Ltd (OTC:PSHZF), has obtained regulatory approval for a novel investment vehicle, Pershing Square SPARC Holdings, aimed at investing in privately held companies with the intention of taking them public. Ackman has expressed interest in investing in X, a social media platform owned by Elon Musk. However, the likelihood of such a deal is low due to the platform's declining ad revenues and $13 billion debt under Musk's leadership.

Portfolio Pulse from Ramakrishnan M

October 02, 2023 | 6:35 am

BTCUSD

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is facing federal fraud charges. The trial is set to commence this week. Bankman-Fried is accused of misusing $8 billion of investors’ money. He maintains his innocence and is even willing to decline a plea deal of six months of house arrest. If convicted, he faces a lengthy prison sentence exceeding 100 years. Bitcoin (CRYPTO: BTC) was trading at $28,047.06 up 3.88% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 5:41 am

BBJP

DXJ

EWJ

The Japan Tankan Big Manufacturing Outlook Index for Q3 has come out at 10, beating the estimate of 5 and the prior figure of 9. This indicates a more positive outlook for large manufacturers in Japan than expected.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:55 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant increase in value, with over $100 million liquidated due to a surprise surge in Bitcoin's price. This coincides with the start of 'Uptober', a term used to describe the typically bullish trend of cryptocurrencies during October. The potential approval of a spot Bitcoin ETF by the SEC has also raised optimism in the crypto market. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day.

Portfolio Pulse from Mehab Qureshi

October 02, 2023 | 2:44 am