PENGU surges roughly 60% in seven days: US stock IPO expectations resurface, as the project announces entry into South Korea's retail market.
According to HTX market data, PENGU has broken through $0.01 to hit a recent high, with a roughly 60% gain over the past seven days. Recent positive catalysts include: Renewed expectations for a US IPO. On the 23rd, its CEO Luca Netz posted a mysterious emoji tweet, which the market interpreted as signaling progress in the company’s listing process. Netz had previously stated his goal to complete an IPO by 2027, and this expectation has reignited, becoming one of the key narratives driving the recent price rally. Smooth progress in IP commercialization: Pudgy Penguins announced yesterday its entry into the South Korean retail market, with ongoing launches of physical products including trading cards, comics, and larger-sized plush toys. The brand had earlier expanded into major US retail channels such as Target and Walmart.
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Whale’s First Public Statement After Setting 10 Major Profit Targets and Cutting Losses: Looking for Opportunities to Re-Enter Long Positions, Trend Is More Fierce Than Expected
The crypto whale codenamed "Set 10 Big Targets" resurfaced after four days of silence, stating: "I will look for opportunities to cover my long positions next. This round of trend has been more violent than I originally imagined, so we can be bolder in our expectations. It’s not too late to enter the market at $80,000 or even above $80,000; there’s still room to run. The $100,000 mark will likely be hit earlier than I anticipated. We’ll re-assess how far this trend can go once we reach $100,000." Earlier today, BTC broke through the stop-loss price of $80,500 set by the whale. If his positions remain unchanged, he is currently sitting on an unrealized loss of $9.86 million. Previously, he disclosed holding 1,830.724 BTC short positions (valued at approximately $148 million) with an average entry price of $76,397.56, and 12,756.739 ETH short positions (valued at approximately $32.05 million) with an average entry price of $2,371.57.
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Bitcoin falls below $79,000, with a 0.14% drop over 24 hours.
According to HTX market data, Bitcoin has dropped below $79,000, with a 0.14% decline over the past 24 hours.
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Bitget launches Phase 2 of its US stock bottom-fishing interest-earning FCN, offering 20% off on US stock purchases and up to 25% APR.
Bitget launches Phase 2 US stock bottom-fishing interest-earning product FCN (Fixed Coupon Note). This phase features an 80% discount, with underlying assets and reference APR ranges as follows: MicroStrategy (MSTR) 19%–25%, SK Hynix (SKHY) 14%–17%, and SpaceX (SPCX) 13%–16%. Additionally, Bitget’s limited-time cashback promotion is ongoing: users who reach specified cumulative subscription tiers will receive corresponding cashback rewards, with a maximum of 10,000 USDT per user. The promotion runs until September 18; more details are available on Bitget’s official platform.
It is understood that Bitget FCN (Fixed Coupon Note) is a structured financial product linked to a single US stock rToken. Users can subscribe with USDT and select their target US stock underlying asset. The product’s entry execution price is determined by multiplying the US stock’s closing price on the product’s subscription end date by the discount rate. At maturity, if the observation price is at or above the execution price, users will receive their USDT principal plus fixed interest. If the observation price is below the execution price, the principal will be converted to the corresponding rToken at the execution price, while users still retain the fixed interest.
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The U.S. does not expect a full-scale resumption of conflict with Iran, and diplomatic officials who were previously evacuated are set to return to their posts in the Middle East.
According to a New York Times report, an internal document shows that U.S. diplomatic officials who were previously evacuated could return to their respective posts in the Middle East as early as this week, a sign that Washington does not expect a full-scale resumption of conflict with Iran. Per Bitget market data, international oil prices continue their short-term decline: WTI crude has fallen below $82 per barrel, down 3.02% intraday, while Brent crude is down 2.6% at $88.04 per barrel.
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Joseph Tsai puts his confidence behind Alibaba’s AI strategy, spending an additional HK$82 million to acquire 720,000 shares today.
According to Hong Kong Exchanges and Clearing (HKEX) filings, Alibaba Group chairman Joseph Tsai purchased an additional 720,000 Alibaba shares on Tuesday, spending HK$82 million, following his initial purchase of the same number of shares. After Alibaba announced its HK$80 billion new share placement plan, Tsai and CEO Eddie Wu made combined share purchases totaling approximately HK$120 million yesterday, signaling confidence in the company’s AI strategy. Wu bought 350,000 Alibaba Hong Kong-listed shares at an average price of around HK$111.6, costing roughly HK$40 million. Together, the two acquired 1.07 million shares for a total of about HK$120 million. All proceeds from Alibaba’s HK$80 billion new share placement will be fully invested in full-stack AI capabilities and AI infrastructure construction. The offering was actively subscribed by long-term investors including global sovereign wealth funds, ultimately achieving nearly 3 times oversubscription.
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