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GBTC

Crypto shorts worth $120 million were liquidated in a single day following a spike in Bitcoin and Ethereum prices. This was triggered by a US appeals court ruling in favor of Grayscale against the SEC, allowing the company to convert its Bitcoin Trust into an ETF. The ruling led to Bitcoin's largest daily gain in several months, with a surge of over 7%. The largest individual liquidation order occurred on Binance, involving ETH with a value of $2.15 million.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 5:35 am

NVCR

Novocure's Phase 3 LUNAR trial data for metastatic non-small cell lung cancer after platinum-based therapies has been featured in The Lancet Oncology. The trial results could potentially impact the company's stock.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 5:35 am

EWA

Australia's construction work done for Q2 has been reported at 0.4%, lower than the estimated 1% and significantly lower than the prior figure of 3.8%.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 4:31 am

BTCUSD

DOGEUSD

ETHUSD

FLOKIUSD

SHIBUSD

Floki (CRYPTO: FLOKI) has outperformed Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) with a 6% increase in value over the past 24 hours. This comes as X (formerly known as Twitter) obtained a Rhode Island Currency Transmitter License, allowing it to store, transfer, and exchange digital assets. This aligns with X's broader strategy to offer transfer services across all 50 states.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 3:35 am

VFS

Jim Chanos, a renowned short seller, has expressed concerns over the $200 billion market capitalization of Vietnamese EV maker VinFast Auto (NASDAQ:VFS), terming it a '$200B meme-stock'. Chanos pointed out the disparity between VinFast's surging market cap and its vehicle production. Despite not being fully operational in the U.S., VinFast's valuation has skyrocketed, making it the third largest automaker by market capitalization globally.

Portfolio Pulse from Benzinga Neuro

August 30, 2023 | 3:11 am

BTCUSD

DOGEUSD

ETHUSD

GBTC

Major cryptocurrencies rallied following a favorable court ruling for Grayscale Investments (GBTC) over the SEC regarding a bitcoin ETF application. The Grayscale Bitcoin Trust (GBTC) saw its most active trading session in 14 months, with nearly 20 million shares traded and the share price surging by 18%. Elon Musk's company X, formerly Twitter, is advancing towards enabling cryptocurrency payments within its platform. The global crypto market capitalization stands at $1.10 trillion, a 3.98% increase in the last day. Analysts predict a bull market and a surge in Bitcoin price above the 29-30k mark.

Portfolio Pulse from Mehab Qureshi

August 30, 2023 | 2:39 am

AMBA

BIG

GOOGL

TSLA

VFS

The stock market showed strong performance on Tuesday, with NASDAQ, S&P 500, and Dow Jones all recording gains. Amidst this, several stocks drew attention. VinFast Auto Ltd. (VFS) fell 43.84% to close at $46.25, despite its market capitalization skyrocketing to $190 billion. Big Lots, Inc. (BIG) shares jumped 26.75% to close at $7.96, surpassing consensus estimates with sales of $1.14 billion. Alphabet Inc. (GOOGL) rose 2.72% to close at $134.57 following announcements from the Google Cloud Next conference. Ambarella, Inc. (AMBA) shares increased 4.48% to close at $75.78, despite issuing weak guidance for the upcoming quarter. Tesla, Inc. (TSLA) shares soared 7.69% to close at $257.18, driven by a drop in Treasury yields.

Portfolio Pulse from Benzinga Neuro

August 30, 2023 | 2:22 am

JNJ

Johnson & Johnson (NYSE:JNJ) shares fell nearly 2% after the Centers for Medicare and Medicaid Services (CMS) included multiple drugs from the company in a price negotiation list. The changes won't take effect until early 2026. Despite this, J&J’s dividend payouts remain solid with a current yield of 2.86%. To earn $500 per month from J&J’s dividends, an investment of $209,790 is required.

Portfolio Pulse from AJ Fabino

August 29, 2023 | 9:59 pm

WTER

Alkaline Water has received a notice from Nasdaq due to the late filing of its Form 10-Q. The company has until September 18, 2023, to submit a plan to regain compliance with respect to the delinquent reports.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 9:54 pm

CNVS

GSAT

TGL

VMEO

Several communication services stocks experienced significant movement in Tuesday's after-market session. Globalstar (GSAT), Vimeo (VMEO), NFT Gaming Co (NFTG), Loop Media (LPTV), Onfolio Holdings (ONFO), and Sirius XM Holdings (SIRI) saw gains, while Treasure Global (TGL), Cineverse (CNVS), Lizhi (LIZI), Takung Art (TKAT), Mobile Global Esports (MGAM), and The9 (NCTY) experienced losses.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 9:32 pm