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BTCUSD

Andrew Tate, a controversial influencer facing legal charges, stated on the Rob Moore podcast that he will never launch a cryptocurrency, criticizing crypto trading as akin to gambling and not beneficial to society. Despite claiming to have made $60-70 million through crypto investments, Tate expressed a moral stance against launching his own crypto or investing in NFTs, aiming not to enrich 'dorks' involved in the crypto space. He also criticized the identity culture around cryptocurrency gains. Meanwhile, BTC was reported to be trading at $51,521, up 0.46%.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 7:35 am

BYDDF

BYDDY

BYD Co. (OTC:BYDDF) (OTC:BYDDY) has launched its most expensive electric vehicle, the Yangwang U9 supercar, priced at $233,450, targeting the luxury EV market in China. This move challenges traditional supercar brands like Ferrari and Lamborghini. The U9 can accelerate to 100 km/h in 2.36 seconds, with a top speed of 309.19 km/h. BYD, the largest BEV seller globally, is expanding into the luxury segment with more models under the Yangwang brand planned for release.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 7:12 am

LGEIY

META

Meta Platforms Inc. (META) CEO Mark Zuckerberg is reportedly planning a trip to South Korea to discuss a partnership with LG Electronics Inc. (LGEIY, LGEJY) for the development of an extended reality (XR) headset. The partnership aims to compete with Apple's Vision Pro by launching the product in the first half of 2025. LG has requested Meta to use its smart device OS for the XR headset, which could significantly boost its sales. The global XR device market is expected to grow to $35.7 billion by 2026.

Portfolio Pulse from Ananya Gairola

February 26, 2024 | 7:11 am

KOS

Kosmos Energy (NYSE:KOS) reported Q4 adjusted EPS of $0.31, surpassing the $0.23 estimate, and sales of $507.81M, exceeding the $477.73M estimate. This represents a 34.78% increase in EPS and a 9.92% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:03 am

SHIBUSD

A 'whale' transferred 421.6 billion Shiba Inu (SHIB) tokens, resulting in a $6M+ loss. The transaction involved depositing 311.6 billion SHIB to Binance and selling 110 billion SHIB on a DEX. Despite the large sale, SHIB's price remained stable, showing only slight fluctuations.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 6:26 am

DPZ

Domino's Pizza, Inc. (NYSE:DPZ) is anticipated to report higher Q4 earnings on Feb. 26, 2024, with expected earnings of $4.38 per share compared to $3.97 per share a year ago, and projected revenue of $1.42 billion up from $1.39 billion. The company previously reported better-than-expected Q3 earnings. Analysts from Oppenheimer, HSBC, Piper Sandler, JP Morgan, and BMO Capital have provided various ratings and price targets for DPZ, reflecting a generally positive outlook.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 6:16 am

ETHUSD

MSTR

MicroStrategy Inc's (NASDAQ: MSTR) social media account was hacked, promoting a fake 'MSTR' Ethereum token airdrop, leading to a $440K loss for victims. The scam involved a fake website asking users to connect digital wallets to claim the nonexistent token. A single user lost over $420,000 in altcoins to this scam. The scam exploits MicroStrategy CEO Michael Saylor's positive stance on Bitcoin. Bitcoin and Ethereum's price actions were also mentioned, with Bitcoin slightly down and Ethereum up.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 5:29 am

TSLA

Tesla Inc. is set to begin construction of its Gigafactory in Mexico next week, with the groundbreaking ceremony scheduled for March 3. The factory, located in Santa Catarina, Nuevo León, will produce Tesla's next-generation, lower-cost electric vehicles, including the Model Y, batteries, and the Cybertruck, with production expected to start by the second half of 2025. This move is part of Tesla's expansion strategy and comes amid reports of Chinese EV maker BYD Co also considering a production facility in Mexico.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 4:36 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki expressed concerns over the worsening banking crisis and the potential for central banks to push for Central Bank Digital Currencies (CBDCs) for surveillance. He advocates buying more Bitcoin and silver coins, viewing them as safeguards against these developments. Kiyosaki also mentioned his strategy for dealing with a potential Bitcoin market crash, which involves waiting for the market to stabilize before purchasing more. He believes market crashes present buying opportunities. Kiyosaki has previously predicted Bitcoin could reach $100,000 by June 2024, citing high national debt and demand for U.S. bonds as factors.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 4:02 am

FBTC

GBTC

IBIT

Cryptocurrencies showed mixed performance with Bitcoin near $52,000 after a two-week rally. Grayscale Bitcoin Trust (GBTC) saw its lowest outflows since January, while BlackRock's IBIT and Fidelity's FBTC reported significant inflows. Ethereum surpassed $3,000, indicating a potential upswing for altcoins. Analysts are divided on Bitcoin's short-term direction, with some predicting a correction post-halving. The global cryptocurrency market cap decreased by 2.19%.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 3:15 am