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BONEUSD

ETHUSD

SHIBUSD

Shiba Inu's price has dropped by 8% following the problematic launch of the Shibarium network. Transactions on the network were halted for at least five hours, with users unable to transfer Ethereum and BONE tokens. The Shibarium RPC website is currently inaccessible or experiencing downtime. Shytoshi Kusama, the lead developer of Shiba Inu, admitted in a Telegram channel that they 'f***ed up hard' and can't recover the ETH bridge.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 6:57 am

BTCUSD

Renowned trader Peter Brandt has shared his insights on Bitcoin's current position, suggesting potential bearish signals. He pointed out that Bitcoin is seriously challenging a multi-contact point trendline from its 2023 bottom. Any movement through the August low could be interpreted as either a bear signal or a bear trap. This comes amidst varying opinions on Bitcoin's trajectory from other analysts.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 6:53 am

HAWEL

Hawaiian Electric (OTC:HAWEL) is reportedly in discussions with restructuring specialists due to financial and legal challenges stemming from the Maui wildfires. The company faces plummeting stock and bond values and has been slapped with lawsuits accusing the company of intensifying the wildfire damage. S&P Global Ratings downgraded Hawaiian Electric's credit rating to junk, citing the significant loss of its customer base due to the wildfires and the impending lawsuits.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 6:52 am

AMAT

PGR

ROST

TGT

TPR

WMT

The CNN Money Fear and Greed index moved to the 'Neutral' zone after the Federal Reserve's July meeting minutes indicated a possibility of rising interest rates due to inflation risks. U.S. stocks settled lower, with the Nasdaq falling more than 1%. Shares of Target (TGT) and The Progressive Corporation (PGR) gained after reporting better-than-expected earnings. Investors are awaiting earnings results from Walmart (WMT), Tapestry (TPR), Applied Materials (AMAT), and Ross Stores (ROST).

Portfolio Pulse from Lisa Levin

August 17, 2023 | 6:48 am

CPRI

TPR

Tapestry, Inc. (NYSE:TPR) is expected to report higher Q4 earnings of 97 cents per share, up from 78 cents per share a year ago. The company's revenue is projected to be $1.65 billion, slightly higher than the $1.62 billion in the same period last year. Tapestry recently announced plans to acquire Capri Holdings Limited (NYSE:CPRI) for $57 per share in cash. Several analysts have updated their ratings and price targets for Tapestry, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 6:15 am

ETHUSD

Blockchain data firm Arkham Intelligence has revealed that former President Donald Trump owns a cryptocurrency wallet that collects millions in royalty payments from Non-Fungible Tokens (NFTs). The wallet, on the Ethereum blockchain, holds $2.8 million in Ethereum (ETH), as well as smaller amounts in wETH, MATIC, and USDC stablecoin. Trump's NFT collection has seen a 14% increase in floor price in the past 24 hours. ETH is currently trading at $1,789, down 0.89% over the past 24 hours.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 4:12 am

BONEUSD

SHIBUSD

The Shiba Inu project has launched Shibarium, a layer-2 scaling solution, on the mainnet. This is expected to enhance the performance and capabilities of tokens in the Shiba Inu ecosystem, including SHIB and BONE. The launch has led to a significant burn rate spike, with over $342 million worth of SHIB burned in the last 24 hours. However, Shiba Inu's price has dropped 9.0% over the past 24 hours.

Portfolio Pulse from Mehab Qureshi

August 17, 2023 | 3:46 am

META

Meta Platforms Inc.'s Threads faced an outage on Wednesday night, leading users to flock to Elon Musk's X, formerly Twitter. This comes a month after Meta's Instagram, Facebook, WhatsApp, and Threads faced temporary outages worldwide. The outages reported in the last 24 hours peaked at 1,133 at around 11 PM ET on Wednesday, with 96% of the complaints about the app.

Portfolio Pulse from Ananya Gairola

August 17, 2023 | 3:44 am

TSLA

Tesla (NASDAQ:TSLA) has been seen transporting multiple Cybertrucks, some of which appear to be for crash testing, according to reports. This comes as Tesla is undergoing final validation testing for the Cybertruck, anticipating a delivery event by the end of the quarter.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 3:43 am

NVDA

Former Treasury Secretary Larry Summers has expressed concerns about the U.S. becoming a target for China’s mounting frustrations due to ongoing trade tensions and strategic moves by the U.S. to counter China's influence. The U.S. has been trying to weaken China’s semiconductor industry, posing potential threats to major chipmakers like Nvidia Corporation (NASDAQ:NVDA).

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 3:10 am