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BTCUSD

TRX

Justin Sun, founder of TRON, revealed his Bitcoin holdings of 28,613 BTC, valued at approximately $1.638 billion. He made this disclosure in response to comments about his usage of the HTX exchange, emphasizing his active participation. This announcement coincides with Bitcoin's price surge to $57,000, a peak not seen since December 2021. The crypto market has seen a ripple effect from this rally, with increased investments in Bitcoin ETFs and a significant rise in the global cryptocurrency market cap. Sun also highlighted TRON's commitment to integrating Bitcoin scalability solutions and collaborating with Bitcoin layer-2 protocols.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 5:54 am

BTCUSD

DOGEUSD

PEPEUSD

SHIBUSD

The market cap for the top 100 meme-themed cryptocurrencies surged to $26.5 billion, a 10% increase, driven by Bitcoin's rally to $56,000. Santiment highlighted significant traction in meme coins like Pepecoin, Floki, and Dogwifhat, with warnings about FOMO in the crypto market. Pepecoin saw a 23% increase in 24 hours, reaching its highest value since May 2023. Dogecoin and Shiba Inu also experienced surges of 8-12% in a single day.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 5:14 am

AAPL

GOOGL

Apple Inc (AAPL) has decided to discontinue its electric vehicle (EV) project, Titan, after a decade of development. The decision, supported by Wedbush analyst Dan Ives, comes amid a rapidly evolving EV landscape. Nearly 2,000 employees involved in the project will be redirected to Apple's generative AI division, with some layoffs expected. The move has been met with mixed reactions, with some seeing it as a missed opportunity, while others, like CNBC's Jim Cramer, suggest companies like Alphabet Inc (GOOGL) should follow Apple's focused approach.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 5:07 am

NVDA

Jeremy Siegel, a finance professor at Wharton, warns of a potential bubble in tech stocks, particularly highlighting NVIDIA Corp (NASDAQ:NVDA) due to its soaring valuations. Nvidia's stock has significantly increased, driven by demand for its AI chips, leading to concerns of a speculative bubble similar to the dot-com era. Despite these warnings, Siegel remains optimistic about the U.S. economy overall.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 4:21 am

BYDDF

BYDDY

BYD Co Ltd showcased its Yangwang U8 SUV, capable of floating and performing a tank turn, at the Geneva International Motor Show. This marks its debut in Europe, following the launch of the dancing U9 supercar in China. The U8 SUV, a luxury plug-in hybrid, boasts 1,200 horsepower and can accelerate from 0-60 mph in 3.6 seconds. It has delivered 3,653 units in China as of January. BYD, which surpassed Tesla in BEV sales in the last quarter of 2023, is exploring the European market but has no immediate plans to enter the U.S. market.

Portfolio Pulse from Anan Ashraf

February 28, 2024 | 4:21 am

BTCUSD

Peter Schiff, a known Bitcoin critic, commented on Bitcoin's recent rally surpassing $56,000, suggesting it's more volatile than traditional markets. Despite his skepticism, his company Schiffgold accepts Bitcoin. Schiff also ventured into the NFT space with an Ordinal art collection on the Bitcoin blockchain. He maintains Bitcoin lacks intrinsic value compared to gold. Bitcoin was trading at $56,901, up 0.93%.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 4:09 am

COIN

HOOD

NTRA

TDOC

TWLO

VCYT

Cathie Wood's Ark Invest sold $9.3M worth of Coinbase (COIN) shares and Robinhood (HOOD) shares, despite a Bitcoin rally driving optimism in cryptocurrencies. The firm also adjusted its portfolio by buying shares in Unity Software (U), Veracyte (VCYT), and Natera (NTRA), while selling shares in Twilio (TWLO) and Teladoc (TDOC). These moves reflect Ark Invest's strategic adjustments amidst a bullish cryptocurrency market and its broader investment strategy.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 3:35 am

AAPL

TSLA

Elon Musk, CEO of Tesla Inc, commented on the challenges of running a car company in response to news that Apple Inc has halted its electric vehicle project. Musk emphasized the difficulty in achieving volume production with positive cash flow, a sentiment he has expressed before. The discussion was sparked by a report that Apple is redirecting resources from its EV project to its generative AI division, with potential layoffs expected. This decision comes after repeated delays and leadership changes in the project, alongside concerns about profit margins.

Portfolio Pulse from Anan Ashraf

February 28, 2024 | 3:19 am

AAPL

TSLA

Ross Gerber criticized Apple Inc's decision to halt its electric vehicle (EV) development project, Titan, and shift focus to Artificial Intelligence (AI). He mentioned that Apple missed an opportunity to invest in Tesla. Apple has informed nearly 2,000 employees about the project's cancellation, with plans to reassign many to its AI division. The decision comes after repeated delays and changes in the project's leadership and strategy.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 3:09 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin experienced significant gains, with Bitcoin reaching a 27-month high around $57,000. The surge is attributed to growing investor optimism and investments in spot Bitcoin ETFs. The cryptocurrency market's bullish sentiment is reflected in the Fear & Greed Index at 79, indicating 'extreme greed'. Analysts predict Bitcoin could reach $88,000 by the end of 2024, driven by institutional bullish sentiment and upcoming Bitcoin halving.

Portfolio Pulse from Mehab Qureshi

February 28, 2024 | 3:02 am