US Stock Market Opens Higher, Crypto-related Stocks Soar

On September 11th, Pudgy Penguins made an announcement that its mobile game Pudgy Party has officially reached and exceeded 500,000 downloads on both the Apple App Store and the Google Play Store.

On September 11th, the International Monetary Fund (IMF) declared in a report that the Federal Reserve has the capacity to gradually reduce interest rates but should do so with caution. The United States is encountering certain upward inflation risks, mainly due to tariffs. There have been some indications of stress in the U.S. economy. Domestic demand has become stable, and the growth of employment has slowed down. The downward revision of U.S. employment data is greater than the historical average and will be discussed during the November negotiations with the United States. (FX678)

On September 11th, according to Coinglass data, if Ethereum surpasses $4550, the cumulative short liquidation intensity on major CEXs will amount to $1.59 billion. In contrast, if Ethereum drops below $4350, the cumulative long liquidation intensity on major CEXs will reach $1.014 billion. BlockBeats Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Consequently, the liquidation chart shows the extent to which reaching a certain price level will have an impact. Higher "liquidation bars" indicate that when the price reaches that level, it will trigger a more intense reaction due to a liquidity cascade.

On September 11th, according to ZachXBT, it was revealed that yesterday an unknown victim was hacked and approximately 3.047 million USDC was stolen on the Ethereum network. The attacker converted the USDC into ETH and immediately deposited the funds into Tornado. Thief's Address: 0xf0a6c5b65a81f0e8ddb2d14e2edcf7d10c928020.

On September 11th, as monitored by lookonchain, institutions are continuously purchasing ETH. In the past 3 hours, 3 newly created wallets have received 46,347 ETH from FalconX (with a value of $2.044 billion).

On September 11th, the stock price of Mogu Inc. in the US stock market dropped to $4.97. The intraday gain narrowed to 99.24%, and the market value was temporarily reported at $40.9 million. Previously, the company's stock price had once surged by more than 200% and broken through $8.1. Earlier today, BlockBeats reported that the well-known Chinese e-commerce platform Mogu Inc. announced in the second quarter of this year that the company's board of directors approved a strategic allocation of corporate assets to digital currencies, mainly including Bitcoin, Ethereum, and Solana, as well as related securities and investment products. At the same time, by leveraging the company's deep AI research and development capabilities, this move is accelerating the company's entry into decentralized AI applications and services and also strengthening fund diversification and long-term value preservation.