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Blockchain Capital, a crypto-centric venture firm, has raised $580 million through two new funds, marking its largest fundraising effort to date. The company plans to use these funds to support crypto startups in various sectors. Notable investors in Blockchain Capital include Visa Inc. and PayPal Inc. The firm has historically invested in entities like Worldcoin, Kraken, and OpenSea. Despite regulatory challenges in the U.S., the firm remains committed to token investments.

Portfolio Pulse from Murtuza Merchant

September 18, 2023 | 7:46 pm

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Infobird Co., Ltd (NASDAQ:IFBD) has received a delinquency notification letter from Nasdaq for not complying with the minimum bid price requirement. The company's shares have been trading below $1.00 for 30 consecutive business days, violating Nasdaq's Listing Rules. Infobird has until March 11, 2024, to regain compliance, during which its shares will continue to trade on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:32 pm

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U.S. Treasury Secretary Yellen has stated that U.S.-China trade should be a win-win relationship and that bilateral talks between the two nations should be completely routine.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:24 pm

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U.S. Treasury Secretary Yellen has stated that it would be disastrous for the U.S. to decouple from China, emphasizing the importance of the U.S.-China relationship to the global economy. She also mentioned the need to address climate and debt relief together.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 7:24 pm

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Unity Software Inc (NYSE:U) has issued an apology for the confusion and dissatisfaction caused by its recently announced runtime fee policy. The company faced criticism and a significant drop in its stock price after announcing the controversial fee structure. The policy, which charges developers based on the number of installations for games made with Unity once they surpass a certain threshold, is scheduled to go into effect on Jan. 1, 2024. Unity has promised to make changes to this policy but has not provided specific details.

Portfolio Pulse from Franca Quarneti

September 18, 2023 | 7:13 pm

BTCUSD

Bitcoin (BTC) is experiencing volatility as traders await the Federal Reserve's decision on rates this week. The SEC has filed a court document urging for an inspection of Binance.US, following a lawsuit earlier this year accusing the company of running an unlicensed securities exchange. Bitcoin's price has been fluctuating, breaking above $27,000 before pulling back. The crypto market appears to be reacting negatively to these reports.

Portfolio Pulse from Adam Eckert

September 18, 2023 | 6:48 pm

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House Speaker McCarthy has stated that he will 'fight all the way through' to avoid a federal government shutdown. This news could potentially impact the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 6:28 pm

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U.S. House Speaker McCarthy has announced that he will bring a stopgap government spending measure to the House floor this Thursday. This move is aimed at preventing a government shutdown.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 6:24 pm

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U.S. House Speaker McCarthy has announced that he will meet with Ukraine's Zelenskiy this week. The news does not provide any specific details about the meeting or its potential implications for U.S. listed companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 6:03 pm

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On Sunday, 1,943.61 Ether (ETH) worth $3,189,165 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a 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 yesterday was 0.63%.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 6:00 pm