U.S. stock market intraday update: DeFi Development up 8.41%

Tracking Unusual Activity
2025.08.13 15:48
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DeFi Development rose 8.41%; SoFi Tech fell 0.78%, with a transaction volume of USD 813 million; Upstart rose 2.68%, with a transaction volume of USD 207 million; American Express rose 0.50%, with a transaction volume of USD 198 million; First Capital Financial rose 0.04%, with a market capitalization of USD 138.6 billion

U.S. Stock Market Midday Update

DeFi Development rose 8.41%. Based on recent important news:

  1. On August 13, DeFi Development Corp disclosed holding over 1.3 million SOL tokens, valued at nearly $250 million, driving the stock price up 8.41%.

  2. On August 13, a16z and the DeFi Education Fund petitioned the SEC, seeking a regulatory safe harbor for DeFi projects, boosting market confidence.

  3. On August 12, Ethena became the sixth DeFi protocol to surpass $10 billion in Total Value Locked (TVL), demonstrating the industry's growth potential.

Stocks with High Trading Volume in the Industry

SoFi Tech fell 0.78%, with a trading volume of $813 million. Based on recent important news:

  1. On August 10, SoFi announced it would raise $1.5 billion by issuing new common stock, enhancing market confidence in its management, leading to stock price fluctuations.

  2. On August 11, SoFi experienced strong loan demand, accelerating growth and increasing brand awareness, driving stock price fluctuations.

  3. On August 13, analysts maintained a wait-and-see attitude towards SoFi, not including it in their recommended list, affecting market sentiment.

Upstart rose 2.68%, with increased trading volume. Based on recent important news:

  1. On August 12, Upstart announced it would issue $600 million in 0% convertible senior notes, causing the stock price to rise 2.68%.

  2. On August 11, Upstart reported a 102% increase in Q2 revenue, exceeding expectations, driving the stock price up.

  3. On August 10, the rapid growth of the auto loan and mortgage markets presents long-term potential for the company.

American Express rose 0.50%, with increased trading volume. Based on recent important news:

  1. On August 12, American Express announced it would make its largest-ever investment to update its flagship Platinum Card, enhancing market confidence and driving the stock price up.

  2. On August 13, JP Morgan raised the annual fee for its competitor Sapphire Reserve card, indirectly boosting the competitiveness of the American Express Platinum Card.

  3. On August 10, analysts maintained a hold rating on American Express, not including it in their recommended list, with limited impact.

Stocks with High Market Capitalization in the Industry

First Capital Financial rose 0.04%, with increased trading volume. Based on recent important news:

  1. On August 13, investors held a bearish attitude towards First Capital Financial, causing market sentiment fluctuations, leading to a slight stock price increase of 0.04%.

  2. On August 13, analysts rated First Capital Financial as a moderate buy but did not include it in the top recommended stocks, affecting investor confidence.

  3. On August 11, market fears and hostility towards large corporations may impact investors' long-term confidence in First Capital Financial

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