S&P 500 Index Hits Intraday All-Time High
On September 11th, the S&P 500 index reached an intraday all-time high.
JPMorgan Chase estimates that the scale of U.S. stock buybacks will increase by an additional $600 billion on the basis of this year's record-breaking $1.5 trillion. In just 8 months, the global buyback scale has reached last year's $1.37 trillion, indicating that it could reach $1.9 trillion by 2025, representing a 38% increase.
Although trading volumes are strong, buybacks relative to market capitalization are still lower than historical peaks (2.6% in 2007, 5% in 2007). While IPO activity is sluggish, record buybacks are reducing stock supply for the fourth consecutive year, continuously providing support to the market. (Kinetic Mind)
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If Bitcoin surpasses $116,000, the mainstream CEX cumulative short liquidation pressure will reach $1.745 billion.
On September 11th, according to Coinglass data, if Bitcoin surpasses $116,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $1.745 billion. Conversely, if Bitcoin drops below $112,000, the cumulative long liquidation intensity on mainstream CEXs will reach $1.701 billion.
BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity.
Therefore, the liquidation chart shows to what extent the price of the underlying asset will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will respond more vigorously to the liquidity wave when it reaches that level.
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US Stock Market Opens Higher, Crypto-related Stocks Soar
On September 11th, when the US stock market opened, the Dow increased by 0.25%, the S&P 500 rose by 0.37%, and the Nasdaq went up by 0.45%. Nvidia (NVDA.O) saw a rise of approximately 1%, and Oracle (ORCL.N) increased by 0.5%.
Regarding cryptocurrency-related stocks, COIN rose by 1.28%, MSTR rose by 0.27%, CRCL rose by 0.58%, SBET rose by 0.71%, and BMNR rose by 2.86%.
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Kraken Launches Perpetual Futures in Specific Jurisdiction
On September 11th, the cryptocurrency exchange Kraken launched a new perpetual contract product for eligible customers in a particular jurisdiction. Kraken pointed out that its product has some "built-in safeguards", such as a stop-loss function to restrict potential losses on the downside when "the market moves against your prediction".
At the time of launch, traders will be able to use their Kraken USD balance as collateral, which can then be topped up with other assets. Kraken is getting ready for an initial public offering as early as the first quarter of 2026.
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Asset management company Robeco increased its position in Strategy stock by $18 million in Q2.
On September 11th, Robeco Institutional Asset Management, which has an Asset Under Management (AUM) of $62 billion, purchased $18 million worth of Strategy stock during the second quarter. Currently, it holds 125,650 shares with a value of over $41.3 million.
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US Stock Market: Shein Surges 200% in Pre-market Trading
On September 11th, Mogu Inc. (MOGU.US) experienced a 200% pre-market surge in the US stock market.
Previously, Mogu Inc. announced that during the second quarter of this year, the Board of Directors approved a strategic allocation of corporate assets to digital assets, mainly consisting of Bitcoin, Ethereum, and Solana, as well as related securities and investment products. By leveraging the company's extensive AI research and development expertise, this action aims to expedite the company's entry into decentralized AI applications and services while enhancing fund diversification and long-term value preservation.
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