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Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Litecoin surged over 7% after Canary Capital filed for a spot ETF tracking its price, marking it as the market's biggest gainer. The filing has increased trading volume by 149%, pushing Litecoin to its highest value in two and a half months.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 4:19 am

Ark Invest, led by Cathie Wood, has expressed strong belief in Ethereum's potential to transform the financial services industry. The firm views Ethereum as an institutional-grade asset with yield-bearing potential, likening its attributes to U.S. Treasury bills. Despite withdrawing from launching an Ethereum ETF, Ark Invest continues to explore ways to expose investors to Ethereum technology.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 4:04 am

Cathie Wood's Ark Invest sold $1.28M worth of Block Inc. shares despite Bitcoin's rally and Block's positive Q2 results. Ark also made trades involving Tempus AI, Blade Air Mobility, Materialise, AMD, and Moderna.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 3:31 am

Bitcoin continues its upward trend, reaching over $67,000, while stocks, including Nvidia, experience a decline. Analysts suggest Bitcoin could rise to $71,000, driven by factors like election predictions and whale activity.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 2:59 am

ASML, Walgreens, Trump Media, United Airlines, and Tesla were notable stocks on Tuesday. ASML dropped due to an early earnings release and revised guidance. Walgreens rose on strong sales, Trump Media fell after a new service launch, United Airlines saw slight gains on earnings, and Tesla had a marginal increase amid Bitcoin speculation.

Portfolio Pulse from Benzinga Neuro

October 16, 2024 | 2:43 am

Tesla has reportedly transferred nearly all of its Bitcoin holdings, worth $760 million, to unknown wallets, raising speculation about a potential offload of its cryptocurrency assets. The move comes after Tesla's Bitcoin holdings remained unchanged since Q4 2022.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 1:32 am

Cryptocurrency markets are trading flat after a spike, with Bitcoin reaching $68K. Notable developments include Metaplanet's Bitcoin purchase and high Bitcoin spot ETF inflows. Analysts predict potential bullish momentum for Bitcoin.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 8:53 pm

Benjamin Cowen, founder of Into The Cryptoverse, suggests that Bitcoin's near-term trend will be influenced by the upcoming labor market report and election results. He notes that Bitcoin often rallies mid-month but trades sideways until labor data is released. Recent $555.8 million inflows into Bitcoin spot ETFs highlight its growing institutional interest.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 7:22 pm

Donald Trump has taken a lead in betting odds against Kamala Harris for the 2024 presidential election, with significant trading on Polymarket. Trump's odds have surged ahead of the U.S. Election on Nov. 5, with Bitcoin prices also rising. Kamala Harris plans to increase her outreach by appearing on Joe Rogan's podcast.

Portfolio Pulse from Khyathi Dalal

October 15, 2024 | 6:39 pm

Anthony Scaramucci discusses the current state of the cannabis industry, noting its shift from rapid growth to consolidation due to oversaturation and increased regulation. He contrasts this with the cryptocurrency market, which he views as having more transformative potential. Scaramucci advises cannabis investors to adjust expectations as the industry matures.

Portfolio Pulse from Javier Hasse

October 15, 2024 | 5:49 pm

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