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OMGUSD

Vitalik Buterin's blog post endorsing Plasma technology, a layer of the OMG Network, has led to a 10% increase in the price of OMG (CRYPTO: OMG) to $0.70. Buterin highlighted Plasma's potential to reduce transaction fees and improve security. Despite the surge, OMG is still down from its all-time high of $25.4 in January 2018. The crypto community continues to seek solutions for Ethereum's scalability and security, with newer technologies like rollups gaining popularity. Ethereum (CRYPTO: ETH) is currently trading at $1,981.16, down 3.70%.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 5:20 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has started sending out invitations to selected shareholders for the Cybertruck delivery event at the Gigafactory in Austin, Texas, on November 30. The attendees were chosen through a raffle, and Martin Viecha, Tesla’s Head of Investor Relations, announced the completion of the attendee list. The event is highly anticipated by Tesla customers, especially those who earned enough referral credits to be eligible for an invitation. The presence of numerous Cybertruck castings at the Texas Gigafactory indicates that Tesla is preparing for the event.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 4:47 am

JPM

JPMorgan Chase & Co. CEO Jamie Dimon, speaking from Mexico City, expressed concerns about persistent inflation despite recent positive indicators. He warned against premature reactions to short-term figures and discussed the Federal Reserve's need to manage inflation effectively. Dimon also mentioned potential economic challenges such as quantitative tightening and geopolitical tensions. Additionally, he highlighted investment opportunities in Mexico and previously advised clients to prepare for 7% interest rates.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 4:32 am

BTCUSD

ETHUSD

Over $303 million in leveraged long cryptocurrency positions were liquidated in 24 hours, with Bitcoin (BTC) and Ethereum (ETH) traders experiencing the most significant losses. The largest single liquidation order was a BTC-USDT-SWAP on OKX valued at $9.45M. The market downturn was unexpected by many, as 88,667 traders were affected. The liquidations were predominantly long positions, with OKX, Binance, Bybit, and Huobi being the major exchanges where these occurred. The market drop coincided with reactions to the October inflation reading, leading to a 4% drop in BTC and a 6% drop in ETH.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 4:14 am

BTCUSD

DOGEUSD

ETHUSD

Despite positive U.S. inflation data suggesting a supportive environment for risk assets, cryptocurrencies including Bitcoin, Ethereum, and Dogecoin declined. The U.S. CPI data showed a year-over-year increase of 3.2%, with the core rate above 4%. The stock market surged with the Dow Jones, S&P 500, and Nasdaq posting significant gains. Analysts noted Bitcoin is seeking support and may strengthen, while over 15 Bitcoin whales have sold or redistributed holdings as prices rose. Ethereum's fees have increased with its price surge but remain lower than May's average levels.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 3:09 am

TSLA

Tesla Inc. (NASDAQ:TSLA) has informed investors of an 'intermediate low-growth period,' indicating a slowdown from its previously targeted annual growth rate of 50%. The company is transitioning from its successful 3/Y platform to a forthcoming next-gen vehicle, which is expected to drive the next major growth wave. However, the timeline for these new vehicles is uncertain, with production lines under development at Gigafactory Texas. This period of slower growth may last a few years, affecting short-term investor expectations.

Portfolio Pulse from Benzinga Neuro

November 15, 2023 | 3:05 am

AVCNF

Avicanna Inc. (OTCQX: AVCNF) reported a record 713% YoY growth in Q3 2023 medical marijuana sales, reaching $6.27 million. The company acquired Medical Cannabis by Shoppers assets and launched MyMedi.ca platform. CEO Aras Azadian and CFO Phil Cardella highlighted strategic vision and financial milestones, including an eight-digit revenue figure and improved gross margins of 47%. Despite a 23% increase in SG&A, the company showed business scalability with an adjusted EBITDA loss of $473,000.

Portfolio Pulse from Nicolás Jose Rodriguez

November 15, 2023 | 1:56 am

GRAM

Gold Flora Corporation (OTCPK: GRAM), a female-led cannabis company, reported a 95% year-over-year revenue growth for Q3 2023, reaching $32 million. The company also saw a gross profit of $11.3 million and an adjusted gross profit of $18.1 million. Net income was $23 million, including a non-cash $49 million gain from a business combination with TPCO Holding Corp. Despite an Adjusted EBITDA loss of $1.7 million due to the business combination costs, the company maintains a strong liquidity position with $32.3 million in cash. GRAM's stock was down 3.24% at $0.1089 per share.

Portfolio Pulse from Joana Scopel

November 15, 2023 | 1:42 am

GDNSF

Goodness Growth Holdings, Inc. reported a 31% increase in Q3 revenue to $24.7M, with a significant rise in gross profit and operating income. The company saw a reduction in SG&A expenses and reported positive EBITDA and cash flow. The balance sheet shows $135.1M in current assets against $165.4M in liabilities. Shares of GDNSF rose 10.30% to $0.182.

Portfolio Pulse from Joana Scopel

November 15, 2023 | 1:32 am

GAU

Galiano Gold (AMEX:GAU) reported a significant increase in Q3 adjusted earnings to $0.05 per share, up from $0.01 YoY. However, sales decreased by 12.09% to $67.60M from $76.90M YoY.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:08 pm