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BTCUSD

Anthony Scaramucci, founder of SkyBridge Capital, predicts a bright future for Bitcoin, attributing its potential growth to increasing demand and decreasing supply. He emphasizes the role of Bitcoin spot market ETFs in attracting new capital and overcoming regulatory barriers. Scaramucci notes the rapid inflow of funds into Bitcoin ETFs, surpassing $10 billion in the first quarter, and contrasts this with the slower pace of the gold ETF GLD. He also highlights the upcoming Bitcoin halving event, which will reduce the daily issuance of new coins, as a factor that has not been fully priced into the market. Bitcoin was trading at $69,866.66, up by almost 3% in the last 24 hours.

Portfolio Pulse from Bibhu Pattnaik

April 07, 2024 | 7:36 pm

MNDR

PACS

ULS

The upcoming week will see the IPOs of UL Solutions Inc. (NYSE:ULS), PACS Group, Inc (NYSE:PACS), and Mobile-health Network Solutions (NASDAQ:MNDR), with their public trading starting on April 12, April 11, and April 8, 2024, respectively. UL Solutions Inc. will offer 28,000,000 shares at $27.50 each, PACS Group, Inc will offer 19,050,000 shares at $21.00 each, and Mobile-health Network Solutions will offer 2,250,000 shares at $4.50 each. All companies have set a 180-day insider lock-up period.

Portfolio Pulse from Benzinga Insights

April 07, 2024 | 6:39 pm

AMZN

TSLA

Mark Zuckerberg has surpassed Elon Musk in the Bloomberg Billionaires Index, ranking third with a net worth of $187 billion. This shift follows Tesla's announcement of its first year-over-year sales decline in nearly four years, leading to a more than 7% drop in Tesla's stock. The rivalry between Zuckerberg and Musk has been ongoing, highlighted by competitive business moves and personal challenges.

Portfolio Pulse from Bibhu Pattnaik

April 07, 2024 | 4:47 pm

DOGE-USD

SOL-USD

Dogecoin (DOGE) experienced a significant rally over the weekend, surpassing the $0.20 mark for the first time since April 2, with an 11.37% increase to $0.202750. Crypto analyst Ali Martinez and trader Yomi highlighted DOGE's potential for a new bull market, comparing its current pattern to the 2018-2021 trend. Additionally, the Solana-based meme coin Dogwifhat (WIF) also saw a notable increase, rising 9.52% to $3.6726.

Portfolio Pulse from Shanthi Rexaline

April 07, 2024 | 3:47 pm

ETHUSD

SOLUSD

The article discusses the impact of crypto on society, focusing on Friend.tech's upcoming airdrop, influencer Ansem's role in the crypto community, and broader concerns about the 'dumbing down of America.' Friend.tech, likened to a crypto version of Onlyfans, is gaining attention for its airdrop of $FRIEND tokens. Ansem, a prominent Solana supporter, is highlighted for his market influence. The piece also touches on societal shifts towards a service and information economy, as critiqued by Carl Sagan in 1995, suggesting crypto may be exacerbating these trends.

Portfolio Pulse from Ivan Crnogatić

April 07, 2024 | 2:54 pm

TIP

Former Treasury Secretary Lawrence Summers, in a Bloomberg interview, suggested that the neutral monetary policy rate is higher than the Federal Reserve's estimate, potentially impacting expectations for future rate cuts. Summers criticized the absence of a neutral rate target and argued against cutting rates at the upcoming June meeting, despite financial markets pricing in rate cuts based on inflation trends. The iShares TIPS Bond ETF (TIP) remained unchanged in response to these comments.

Portfolio Pulse from Shanthi Rexaline

April 07, 2024 | 2:27 pm

GOOG

GOOGL

TSLA

Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) retains its title as America's Most Innovative Company for 2024 despite facing AI mishaps and internal criticism. CEO Sundar Pichai addresses the inaccuracies of the Gemini AI chatbot, amidst calls for his resignation. Apple and Microsoft are ranked second and third, respectively, in innovation. Alphabet's market capitalization stands at $1.906 trillion, with Bill Ackman expressing confidence in the company's investment potential despite AI challenges.

Portfolio Pulse from Ananya Gairola

April 07, 2024 | 12:21 pm

ADBE

AZN

BABA

DIA

GDX

SPY

The US manufacturing sector reached an 18-month high in March 2024, driven by strong performances in the SPDR Dow Jones Industrial Average ETF (DIA) and the SPDR S&P 500 (SPY). China's manufacturing growth could lead to global deflation, benefiting Alibaba Group Holding (BABA) and the VanEck Gold Miners ETF (GDX). The US labor market saw significant growth, with companies like AstraZeneca (AZN) and Adobe (ADBE) contributing. Critiques were made against the Federal Reserve's data-dependent strategy, and warnings were issued about a potential US debt crisis by 2025.

Portfolio Pulse from Benzinga Neuro

April 07, 2024 | 10:03 am

AAPL

AMZN

GOOGL

MSFT

TSLA

This week in tech, Apple Inc. outperformed OpenAI with its new AI model ReALM, Amazon faced scrutiny over its 'Just Walk Out' technology, Cathie Wood of Ark Invest showed strong support for Tesla, predicting a significant stock price increase, OpenAI is poaching Tesla engineers, and Dan Ives of Wedbush predicts a 15% tech stock rally in 2024, highlighting Alphabet Inc.'s potential.

Portfolio Pulse from Benzinga Neuro

April 07, 2024 | 6:28 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) experienced a significant price increase of 8.3%, reaching $0.196, driven by whale transactions and a concurrent rise in Bitcoin (BTC). The movement of 200 million DOGE from Robinhood to an unknown wallet, along with other large transactions, contributed to this surge. Bitcoin's performance often influences the broader cryptocurrency market, potentially signaling the start of an 'altcoin season' where alternative cryptocurrencies like Dogecoin see increased investment and price gains.

Portfolio Pulse from Henry Khederian

April 07, 2024 | 3:24 am