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BTCUSD

GBTC

Grayscale Investments Bitcoin Trust (OTCPK: GBTC) surged 17% following a legal victory against the SEC, which could lead to the launch of the first spot-Bitcoin ETF in the U.S. The trust's performance resulted in a reduction of its price discount to its underlying Bitcoin holdings to under 17%. The news is seen as a significant milestone for the cryptocurrency industry. Other industry giants including Bitwise, VanEck, Invesco, Fidelity and Valkyrie are also awaiting approval for their ETF applications.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:33 pm

SPY

The International Monetary Fund (IMF) has reported that the allocation of $650 billion in Special Drawing Rights (SDRs) in 2021 has benefited the global economy and limited the spillover effects from the pandemic.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:20 pm

NAOV

NanoVibronix has announced that its PainShield product is not currently reimbursable under Medicare and Medicaid. The company expressed disappointment with the recent decision from the Centers for Medicare & Medicaid Services (CMS).

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:17 pm

NAOV

NanoVibronix, Inc. (NASDAQ:NAOV) has responded to the Centers for Medicare & Medicaid Services' (CMS) determination that its PainShield device is not reimbursable under Medicare and Medicaid. The company is working to understand the implications and plans to address CMS' concerns and resubmit an application for additional review. Despite the setback, NanoVibronix continues to grow the distribution of PainShield in other sectors.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:17 pm

C

The Securities and Exchange Commission (SEC) has charged Citigroup Global Markets Inc. with recordkeeping failures related to underwriting expenses. The details of the charges or potential penalties were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:10 pm

AMRX

Amneal Pharmaceuticals, Inc. (NYSE:AMRX) hosted a delegation of senior members from the U.S. Department of Health and Human Services (HHS), U.S. Food and Drug Administration (FDA), and local government officials at its manufacturing facility in Matoda, India. The visit showcased the company's advanced automation and complex medicine capabilities, and the importance of investing in technologies that ensure the availability of safe and effective medicines.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:09 pm

UAVS

AgEagle Aerial Systems' subsidiary, Sensefly, has been granted a European patent EP3620852 for a method of capturing aerial images of a geographical area and for 3D mapping of a geographical area.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 7:59 pm

BTCUSD

ETHUSD

Crypto analyst Cantering Clark expressed skepticism about the potential for a rebound in the cryptocurrency market, citing a lack of real-world applications for most cryptocurrencies. He also questioned the market's optimism and pointed out prevalent issues in the crypto space. Meanwhile, Bitcoin (BTC) and Ether (ETH) were trading higher after a court ordered the SEC to review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust into an ETF.

Portfolio Pulse from Murtuza Merchant

August 29, 2023 | 7:49 pm

BTI

JAPAF

MO

PM

A study by Viridian Capital Advisors reveals that the cannabis industry requires more capital than other similar sectors. The research compared the capital needs of the cannabis industry against potential acquirer sectors in the event of federal legalization. These sectors include tobacco, alcoholic beverages, pharmaceuticals, and consumer products. The study found that the cannabis industry's capital intensity is high due to federal restrictions on interstate commerce. However, federal legalization could reduce operational costs and eliminate redundancy, potentially easing the capital crunch.

Portfolio Pulse from Joana Scopel

August 29, 2023 | 7:46 pm

VRNOF

The Alabama Cannabis Industry Association (AMCC) is facing allegations of Open Meetings Act violations. The AMCC has failed to award medical cannabis licenses twice and is now pushing for a third attempt. However, Montgomery Circuit Judge James Anderson has initiated a temporary restraining order halting the licensing process due to a legal action brought by Alabama Always. Verano Holdings (OTCQX:VRNOF) is one of several companies suing the Alabama cannabis regulator for depriving them of their chance to enter the market.

Portfolio Pulse from Jelena Martinovic

August 29, 2023 | 7:19 pm