U.S. stock market intraday update: Bit Origin up 7.74%

U.S. Stock Market Midday Update

Bit Origin, up 7.74%, with increased trading volume. Based on recent key news:

1. On August 4, Bit Origin announced the completion of its capital reduction plan, which was approved by shareholders and confirmed by the Grand Court of the Cayman Islands. This news boosted market confidence, leading to a 7.74% increase in stock price.

2. On August 4, the U.S. Securities and Exchange Commission announced the confirmation of Bit Origin's capital reduction plan. This further enhanced investor confidence, driving the stock price up.

3. On August 4, the volatility in the cryptocurrency market was widely reported, reminding investors to be cautious of risks. However, the news of Bit Origin's capital reduction overshadowed this negative impact, and the stock price still rose.

Top Stocks by Industry Trading Volume

Palantir Tech, up 1.80%, with increased trading volume. Based on recent important news:

1. On August 5, Palantir released its second-quarter financial report, with revenue surpassing $1 billion for the first time, a year-on-year increase of 48%, and adjusted earnings per share of $0.16, exceeding market expectations, leading to a stock price increase of over 4.6%.

2. On August 5, Palantir raised its full-year revenue forecast to $4.142-4.150 billion, significantly higher than previous guidance, with the stock price rising over 5% in after-hours trading.

3. On August 5, Palantir signed a $10 billion contract with the U.S. Army, further driving the stock price up.

AppLovin, up 1.63%, with increased trading volume. Based on recent important news:

1. On August 7, AppLovin's Axon 2 drove better monetization, with software revenue growing by 16%, pushing the stock price up.

2. On August 6, analysts focused on the continued growth of advertising revenue, with market expectations for Q2 driving the stock price.

3. On August 5, AppLovin's deal with Tripledot strengthened the company's focus, benefiting the stock price.

Figma, up 11.57%, with a trading volume of $1.856 billion. Based on recent key news:

1. On August 4, Figma officially submitted its S-1 filing to the U.S. Securities and Exchange Commission, planning to go public in the fall of 2025, with revenue exceeding $600 million, a year-on-year increase of 52%. This news drove the stock price up.

2. On August 5, Figma's stock price experienced significant volatility after going public, with a 27.4% drop on Monday to $88.60, as the market expressed concerns about its high valuation.

3. On August 4, Adobe launched Firefly 3.0, emphasizing an open platform, indirectly challenging Figma, intensifying market competition.

Top Stocks by Industry Market Capitalization SAP rose 1.87%, with a market value of $338.3 billion. Based on recent important news:

1. On August 5, SAP announced the repurchase of 142,332 shares, with a total transaction amount of approximately €34.81 million, boosting market confidence and driving up the stock price.

2. On August 5, SAP's short interest increased by 75%, indicating market concerns about its future performance, affecting stock price volatility.

3. On August 5, SAP partnered with Open Sky Group to enter the SAP PartnerEdge ecosystem, enhancing technical capabilities and driving up the stock price