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DOGE

SHIB

SOL

BONK, a meme coin on the Solana network, reached a new all-time high of $0.0000066, outperforming Dogecoin and Shiba Inu with a 24-hour increase of 12% and a 750% increase over the last 30 days. The surge is linked to growing investor interest in Solana and BONK's listing on KuCoin. Solana has climbed to become the sixth-largest cryptocurrency by market cap, despite a significant drop from its all-time high in late 2021.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 3:41 am

COIN

HOOD

TOST

Ark Invest, led by Cathie Wood, sold over $1.4 million worth of Coinbase (COIN) shares and purchased additional shares of Robinhood (HOOD). The transactions occurred as Bitcoin (BTC) trades above $40,000, indicating a bullish crypto market. Ark's trades through its ETFs ARKK and ARKF suggest a strategic portfolio adjustment in the fintech and cryptocurrency sectors. The firm also invested in Toast Inc (TOST) and PagerDuty Inc (PD), reflecting confidence in digital payment, restaurant technology, and cloud computing.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 3:30 am

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate has soared by 40,000% as over 8 billion SHIB tokens were removed from circulation in 9 hours. This surge in token burning aligns with Shibarium's Layer-2 blockchain surpassing 30 million transactions. Despite initial delays, the development of Shibarium continues, aiming for a bug-free ecosystem. SHIB's price has risen by 1% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 3:09 am

DIS

Elon Musk criticized The Walt Disney Company (NYSE:DIS) for boycotting his social media platform, X (formerly Twitter), suggesting that such a move will lead to a 'meaningful decline in distribution' for Disney. Musk's comments follow the withdrawal of advertisements from X by several companies, including Disney, due to his endorsement of an antisemitic theory. Disney's CEO Bob Iger defended the decision, citing the negative association with Musk's public stance.

Portfolio Pulse from Ananya Gairola

December 05, 2023 | 3:04 am

TSLA

Tesla Inc (NASDAQ:TSLA) must face a class action lawsuit alleging inflated insurance premiums based on 'false' crash warnings by its insurance unit. The lawsuit, initiated by Illinois resident Ricky Stephens, claims premiums were unfairly calculated using incorrect collision warnings from Tesla's sensor technology, affecting safety scores and increasing insurance costs. The lawsuit seeks restitution, an injunction against false advertising, and disgorgement of profits, with a preliminary hearing set for January.

Portfolio Pulse from Anan Ashraf

December 05, 2023 | 3:02 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced significant surges amid a weak dollar and anticipation of lower interest rates. Bitcoin's rise is attributed to panic buying and FOMO, with Matrixport noting an increase in bitcoin perpetual futures premium. The global crypto market cap increased by 3.58% to $1.54 trillion. Stocks declined, with the S&P 500 and Nasdaq Composite falling by 0.54% and 0.84%, respectively. Big Tech shares were sold off, while Bitcoin and gold rallied. Investors speculate on a potential Fed interest rate cut despite Chairman Powell's cautioning. Analyst Michael Van de Poppe suggests Bitcoin could reach $47K-$50K pre-spot ETF approval, with altcoins expected to run in Q1 2024.

Portfolio Pulse from Mehab Qureshi

December 05, 2023 | 2:29 am

EYPT

GTLB

HUT

TSLA

TTWO

U.S. stocks fell on Monday, with the Dow Jones down 0.11%, NASDAQ down 0.84%, and S&P 500 down 0.54%. EyePoint Pharmaceuticals soared 177.46% after positive trial results. Hut 8 Mining dropped 11.75% post-business combination. GitLab rose 0.88% on strong Q3 results. Take-Two Interactive slightly fell 0.18% after revealing GTA 6's first female lead. Tesla declined 1.36% amid Cybertruck pricing discussions.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 2:23 am

LLY

NVO

RHHBY

Jim Cramer highlighted the 'transformational' impact of GLP-1 weight loss drugs like Ozempic, suggesting investors focus on potential winners from the growing demand for these drugs. Eli Lilly (LLY) and Novo Nordisk (NVO), manufacturers of GLP-1 drugs, are immediate beneficiaries. Other sectors like high-protein food manufacturers and construction companies for pharmaceutical facilities, as well as the apparel sector, could also benefit. Roche Holding AG (RHHBY) has entered the competition by acquiring Carmot Therapeutics, indicating a heated market for obesity treatment drugs.

Portfolio Pulse from Benzinga Neuro

December 05, 2023 | 1:24 am

MSTR

Dogecoin (DOGE) has seen a 16.3% increase over the past week, coinciding with broader cryptocurrency market strength. Bitcoin's surge past $40,000, following MicroStrategy's purchase of 16,130 Bitcoins, has positively influenced altcoins, including Dogecoin. The SEC's consideration of a rule change for a Fidelity Ethereum ETF also suggests growing institutional interest in cryptocurrencies, which could further boost altcoin prices like Dogecoin.

Portfolio Pulse from Henry Khederian

December 05, 2023 | 12:10 am

MESO

Mesoblast shares have resumed trading, indicating a potential change in the company's status or recent news that could affect its stock price.

Portfolio Pulse from Charles Gross

December 04, 2023 | 11:49 pm