Streetbeat News

Regulatory

RIOT

Shares of Riot Platforms Inc (NASDAQ:RIOT) are trading higher by 6.3% amid a rise in Bitcoin. The company may also be benefiting from positive sentiment in the cryptocurrency industry following regulatory approval for Coinbase to enable retail perpetual futures trading. Riot Blockchain provides mining services and infrastructure for the crypto market.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 6:17 pm

MARA

Shares of Marathon Digital Holdings Inc (NASDAQ:MARA) are trading higher by 9.1% amid a rise in Bitcoin. The company may also be benefiting from Coinbase's regulatory approval to enable retail perpetual futures trading, which can attract a broader range of traders and potentially increase trading volumes in cryptocurrencies.

Portfolio Pulse from Henry Khederian

September 28, 2023 | 6:17 pm

VSTM

Verastem Oncology (NASDAQ:VSTM) has presented updates on its avutometinib and defactinib programs at the 5th Annual RAS-Targeted Drug Development Summit. The updates include clinical trial results showing an overall response rate of 42% in patients with low grade serous ovarian cancer. The company's FRAME study, which evaluates the combination of avutometinib and defactinib in patients with advanced solid tumors, continues to provide proof-of-concept supporting Breakthrough Therapy Designation for the combination.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:16 pm

BTCUSD

WETG

Wetrade Group Inc. has entered into an agreement with a cooperative enterprise, giving it the option to purchase 6,000 Bitcoins at a locked price of $30,000 per BTC, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:16 pm

CURLF

MSOS

Curaleaf's Executive Chairman, Boris Jordan, stated that the elimination of 280e would result in a direct cash benefit of approximately $150 million to the company's bottom line.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:15 pm

MSOS

Curaleaf's Executive Chairman, Boris Jordan, is anticipating an update on rescheduling between December and September. The news was shared during the Cannabis Capital Conference hosted by Benzinga.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:12 pm

SPY

The State Department is planning for potential contingencies in case of a government shutdown, determining which functions are essential.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:11 pm

CURLF

MSOS

Curaleaf Executive Chairman, Boris Jordan, has expressed his belief that the SAFE process will conclude in February. The news was shared during a Benzinga conference.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 6:09 pm

ETHUSD

A total of 2,578.57 Ether (ETH) worth $4,283,575 was burned from Ethereum transactions on Wednesday. This is a result of the Ethereum blockchain's EIP-1159 upgrade implemented on August 5th, 2021, which changed the fee model and burns a variable base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -0.41% yesterday.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 6:00 pm