U.S. Stock Market Midday Update
BTCS fell 7.04%, with increased trading volume. Based on recent important news:
<ol>
<li>
On July 30, BTCS submitted a resale prospectus for 5.01 million shares of common stock, leading to a 2.4% drop in after-hours trading.
</li>
<li>
On July 30, BTCS plans to raise $2 billion through stock sales to expand its cryptocurrency portfolio, raising market concerns.
</li>
<li>
On July 30, BTCS held approximately $2.653 million in Ethereum and plans to increase its ETH holdings, but the market reacted poorly.
</li>
</ol>
Stocks with High Trading Volume in the Industry
Palantir Tech fell 0.21%, with a trading volume of $5.611 billion. Based on recent important news:
<ol>
<li>
On July 29, the U.S. Department of Defense tested Microsoft's artificial intelligence, causing Palantir's stock price to drop.
</li>
<li>
On July 30, analysts expressed concerns about Palantir's high valuation, believing its stock price could fall by 32.68%.
</li>
<li>
On July 31, Palantir's stock price slightly retreated after reaching a new high, with the market having high expectations for its upcoming earnings report.
</li>
</ol>
Figma rose 225.76%, with a trading volume of $4.179 billion. Based on recent key news:
<ol>
<li>
On July 31, Figma went public on the New York Stock Exchange, pricing its IPO at $33 per share, opening at $85, and more than doubling on its first day, showing strong market demand for its stock.
</li>
<li>
On August 1, Figma's first-day listing triggered a trading halt, currently up over 240%, at $112.77, further driving up its stock price.
</li>
<li>
On July 31, Figma successfully raised $1.22 billion, with 30 times oversubscription, demonstrating strong market demand and boosting investor confidence.
</li>
</ol>
Strategy rose 2.44%, with increased trading volume. Based on recent important news:
<ol>
<li>
On July 29, Strategy completed a $2.52 billion IPO, raising funds to purchase 21,021 Bitcoins, pushing its stock price up by 2.44%.
</li>
<li>
On July 30, Strategy announced its Bitcoin holdings increased to 628,791 coins, with a positive market reaction.
</li>
<li>
On July 31, founder Michael Saylor stated that the earnings call is the most important event in the company's history, raising market expectations.
</li>
</ol>
Stocks with High Market Capitalization in the Industry
SAP fell 1.00%, with increased trading volume. Based on recent key news:
<ol>
<li>
On July 29, SAP announced a buyback of 389,780 shares at an average price of $249.76. This move is typically seen as a sign of the company's confidence in its own stock, but it failed to boost the stock price, which instead fell by 1%
</li>
<li>
On July 31, Microsoft and Meta saw a significant increase in market capitalization in after-hours trading, surpassing SAP's market capitalization, leading to decreased market attention on SAP and putting pressure on its stock price.
</li>
<li>
On July 29, enterprise software stocks showed mixed performance, with SAP falling 1.8%, reflecting a lack of confidence in the industry, further dragging down SAP's stock price
</li>
</ol>

BTCS

BTCS fell 7.04%; Palantir Tech fell 0.21%, with a trading volume of USD 5.611 billion; Figma rose 225.76%, with a trading volume of USD 4.179 billion; Strategy rose 2.44%, with a trading volume of USD 2.978 billion; SAP fell 1.00%, with a market capitalization of USD 334.9 billion

U.S. stock market update: BTCS down 7.04%