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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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Coinbase shares have moved lower following a ruling on Ripple. The judge rejected a ruling regarding the secondary sale of tokens. This news is circulating among traders.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:08 pm

The U.S. Securities and Exchange Commission (SEC) has directed Coinbase (NASDAQ:COIN) to halt trading on all cryptocurrencies except Bitcoin (CRYPTO: BTC). The SEC recommended the delisting of over 200 tokens offered by the exchange, identifying 13 of them as securities. Experts argue that these actions could violate the SEC's mission of protecting investors and potentially trigger a market crash. However, some see a potential upside for Bitcoin.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 6:04 pm

Bitcoin (BTC) is trading sideways, mirroring the S&P 500's flat performance ahead of big-tech earnings and jobs data. Advanced Micro Devices, Apple, and Amazon's quarterly earnings could significantly impact the stock market. Economic data could also influence the stock and crypto markets. MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (SPIKE), can be used to play potential stock market volatility. Bitcoin is trading in a descending triangle and may break up or down from the triangle on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

July 31, 2023 | 5:42 pm

A study by Cryptogambling.tv using Google Trends data reveals that Bitcoin (BTC) and Ethereum (ETH) are the cryptocurrencies that Americans are most interested in selling. The study considered the 24 largest cryptocurrencies by market cap. The highest number of searches for 'sell bitcoin' occurred at the end of July, both in the U.S. and globally, due to the current financial and economic strain. Ethereum's highest 'sell' searches occurred in September worldwide. Ripple (XRP) and Dogecoin (DOGE) rank third and fourth respectively, while Shiba Inu (SHIB) rounds out the top five.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 5:28 pm

The AI-driven rally continues with the stock market showing bullish behavior. Wall Street's perma bulls are currently favored over perma bears. Earnings from Apple Inc (AAPL) and Amazon.com, Inc. (AMZN) are set to be released on August 3. Money is flowing into AAPL, NVIDIA Corp (NVDA), Alphabet Inc Class C (GOOG), AMZN, and Tesla Inc (TSLA). The Bank of Japan unexpectedly widened the band for yield control. China's manufacturing PMI came at 49.3 vs. 49.2 consensus. The SEC instructed Coinbase Global Inc (COIN) to halt trading on all crypto coins except Bitcoin.

Portfolio Pulse from The Arora Report

July 31, 2023 | 3:02 pm

Ethereum (ETH), launched in 2015, has become the second most valuable cryptocurrency, worth $226 billion today. Its momentum was boosted by its listing on Coinbase Global Inc (NASDAQ:COIN). Ethereum saw increased attention and a surge in valuation related to the boom of non-fungible tokens in 2021. An investment of $1,000 in Ethereum at launch would be worth $2,527,943.42 today based on a price of $1,870.68.

Portfolio Pulse from Chris Katje

July 31, 2023 | 2:55 pm

Bitcoin (BTC) traded above $29,300, while Ethereum (ETH) traded below $1,900. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while Curve DAO Token (CRV) was the biggest loser. The global crypto market cap fell to $1.18 trillion, a 24-hour decline of 0.2%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 2:19 pm

The article lists potential short squeeze stocks to watch, including Toro Corp, Bullfrog AI Holdings, Tupperware, and Blue Apron among others. High short interest and steep borrowing costs are common traits that could lead to a short squeeze. Toro Corp tops the leaderboard with 41.7% of the float short and a borrowing cost of 24.0%. Other notable mentions include Apollomics, Healthcare Triangle Inc, Greenidge Generation Holdings, Dragonfly Energy Holdings Corp, Getty Images Holdings, JOANN Inc, and Tupperware Brands Corp.

Portfolio Pulse from Chris Katje

July 31, 2023 | 2:02 pm

The upcoming week is expected to be busy with earnings reports from AAPL, AMZN, and AMD, along with Non Farm Payroll Data. The author anticipates potential moves in BTC, SPY, and QQQ. The author also discusses the potential impact of earnings reports on AAPL, AMZN, and AMD, and the potential price movements of TSLA, GOOGL, and PLTR.

Portfolio Pulse from Mando Trading

July 31, 2023 | 1:53 pm

The Fear & Greed Index remains in the 'Extreme Greed' zone after the Dow records 3 weeks of gains. Stocks to watch include ON Semiconductor and Western Digital. The SEC reportedly wanted Coinbase to delist all but Bitcoin. Elon Musk hints at Dogecoin payments on his platform. Ethereum celebrates its 8th anniversary. In politics, a Republican congressman faces charges in a crypto scam. In the economy, the impact of inflation on jobs is discussed. In the EV sector, an Uber backup driver admits guilt in an autonomous car death. In communication, Elon Musk's X could soon silence replies from blocked users. In the industrial sector, AerCap is likely to post higher Q2 earnings. In the consumer sector, Walmart buys out Tiger Global's stake in India's Flipkart.

Portfolio Pulse from Akanksha Bakshi

July 31, 2023 | 12:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.