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BTCUSD

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PEPEUSD

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Pepe Coin, a meme-based cryptocurrency, has seen a 12% surge in value, outpacing gains made by other meme coins such as Dogecoin and Shiba Inu. This surge could be attributed to a short squeeze. The cryptocurrency market has seen an upward price momentum, with Bitcoin, Ethereum, and altcoins experiencing a notable rally. Valkyrie Investments has added to the market excitement by securing approval from the SEC for an Ethereum-based ETF.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 6:19 am

EWU

The U.K.'s Gross Domestic Product (GDP) for Q2 has met the estimated 0.2%, showing a slight increase from the prior 0.1%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 6:02 am

BTCUSD

ETHUSD

Veteran trader Peter Brandt has asked macro guru Raoul Pal if Bitcoin (BTC) is heading for a rally. Brandt pointed out several indicators that suggest a potential rally, including the lowest Average Directional Index (ADX) reading since July 2020, indicating a decrease in trend strength and volatility. He also mentioned the possibility of a second retest of the underlying Head and Shoulders (H&S) bottom formation. Pal agreed with Brandt's observations. This comes as Valkyrie Investments received approval from the SEC for an ETF that allows investors to speculate on the future price of Ethereum (ETH).

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 5:13 am

BBJP

DXJ

EWJ

Japan's preliminary industrial production for August remained flat at 0.0%, compared to an estimated -0.8% and a prior figure of -1.8%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:17 am

BBJP

DXJ

EWJ

Japan's Tokyo Core Consumer Price Index (YoY) for September was reported at 2.5%, lower than the estimated 2.6% and the prior 2.8%.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:17 am

ETHUSD

Valkyrie Investments has secured approval from the SEC for the first-ever ETF featuring Ethereum futures. This news led to a surge in Ethereum prices, resulting in the liquidation of over $11 million worth of Ethereum short positions within the past 24 hours. The total value of liquidations during this period amounted to $13.78 million, with Ethereum shorts comprising the majority.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 3:16 am

NKLA

TSLA

Nikola Corp has launched its hydrogen fuel cell EV, a class-8 truck, with a range of up to 500 miles. The company has received 223 non-binding orders from 23 customers. Nikola's battery electric vehicles deliveries have been halted due to a recall following several fire reports, but this will not affect the production or deliveries of the FCEVs. Nikola trucks are eligible for a $40,000 clean commercial vehicle tax credit per vehicle under the Inflation Reduction Act. Tesla CEO Elon Musk has criticized government backing of Hydrogen as inefficient.

Portfolio Pulse from Anan Ashraf

September 29, 2023 | 2:35 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a surge in value following the news that investment manager Valkyrie Funds LLC has received regulatory approval from the SEC to introduce Ethereum futures to its existing Bitcoin futures ETF. The Valkyrie Bitcoin and Ether Strategy ETF is scheduled to launch on October 2. The global crypto market capitalization stands at $1.05 trillion, a 0.80% increase in the last day. Stocks rebounded on Thursday as Wall Street aimed to recover from significant losses seen earlier this month.

Portfolio Pulse from Mehab Qureshi

September 29, 2023 | 2:25 am

ATVI

CCL

MDGL

NKE

TSLA

U.S. stocks traded higher with the Dow Jones gaining over 110 points on Thursday. Among the top stocks that gained the attention of retail traders and investors were Nike, Carnival Corporation, Activision Blizzard, Madrigal Pharmaceuticals, and Tesla. Nike reported a 2% increase in fiscal first-quarter revenue, missing estimates, but EPS beat expectations. Carnival is set to report third-quarter earnings, with expectations of 75 cents per share and revenue of $6.69 billion. Activision faced regulatory hurdles in the U.K. Madrigal announced a $500 million public offering of its common stock. Tesla's shares traded higher, bolstered by Morgan Stanley maintaining an Overweight rating and a $400 target on the stock.

Portfolio Pulse from Benzinga Neuro

September 29, 2023 | 1:47 am

MEDIF

MediPharm Labs Corp. has announced the launch of Canadian-produced GMP Beacon Medical cannabis oil and inhalation cartridges in the Australian medical marijuana market. The products include a high CBD Isolate oil, a balanced oil, and a THC dominant full spectrum oil. The company has started shipping inhalation cartridges to patients and plans to ship cannabis oils from Canada this week. MediPharm holds an Australian GMP license from the Therapeutic Goods Administration (TGA), complemented by its GMP status from Health Canada and the US FDA.

Portfolio Pulse from Jelena Martinovic

September 28, 2023 | 11:57 pm