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Bank of America’s chief: There are almost no short sellers left in the market, as investors have poured into the stock market, pushing their holdings to the highest level in five years.

1 hours ago

Bank of America Chief Investment Strategist Michael Hartnett said global bullish investors have lifted their stock holdings to the highest level in nearly five years, with almost no short sellers left. BofA’s latest global fund manager survey shows a net 56% of fund managers are overweight on stocks, the highest level since November 2021. Cash allocations have fallen to an "extremely low" 3.5%. As global investors raise their stock positions, market risk appetite has clearly heated up, though this also means further upside for bullish positions may be limited. Hartnett believes current investor allocations have become crowded, and bearish forces in the market are declining. Driven by factors such as expectations of a soft economic landing, the AI investment boom, and improved liquidity outlooks, institutional investors’ willingness to allocate to risk assets continues to strengthen. At the same time, the low cash holding ratio means that once adverse factors emerge in the market, pressure to adjust investment portfolios may rise.

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Bitget exclusively launches US-listed FCN fixed-coupon notes, offering up to 71% APR.

Bitget officially announced the launch of Fixed Coupon Notes (FCN), bringing traditional financial structured products into the tokenized U.S. equities sector, becoming the first crypto trading platform to integrate the FCN structure with USDT settlement and U.S. stock rToken delivery. The initial batch of underlying assets and reference APR ranges are: SanDisk (SNDK) 56%–71%, Marvell Technology (MRVL) 49%–61%, SK Hynix (SKHY) 46%–58%, Micron Technology (MU) 39%–48%, and NVIDIA (NVDA) 13%–16%. In addition, Bitget has rolled out a limited-time cashback campaign: users who reach specified cumulative subscription tiers will earn corresponding cashback rewards, with a maximum of 10,000 USDT per individual. The campaign runs through September 18; for more details, please refer to Bitget’s official platform. Bitget’s Fixed Coupon Note (FCN) is a structured wealth management product linked to a single U.S. stock rToken. Users can subscribe using USDT and set a strike price. At maturity, if the observation price is not lower than the strike price, users will receive their USDT principal plus fixed interest; if the observation price is below the strike price, the principal will be converted into the corresponding rToken at the strike price, while still earning the fixed interest.

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GigaDevice reports first-half attributable net profit of RMB 6.857 billion, up 1091.5% year-on-year.

Leading Chinese semiconductor design firm GigaDevice Semiconductor Inc. (兆易创新) released its interim report, posting revenue of 11.566 billion yuan, up 178.67% year-on-year, and net profit attributable to shareholders of the listed company of 6.857 billion yuan, surging 1091.5% year-on-year. The company’s Q2 net profit stood at 5.396 billion yuan, compared with 1.461 billion yuan in Q1, marking a 269% sequential increase.

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This guy spent just $148 to buy 37.96M $牛来, now worth $1.3M. But he sold everything too early for a profit of $1.43K ...

This guy spent just $148 to buy 37.96M $牛来, now worth $1.3M. But he sold everything too early for a profit of $1.43K He missed out on a $1.3M profit. Wallet: 0xb0d0c4c1ee4ba9fac874db4ede587718ad9484d9

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A trader closed their position on Niu Lai too early, missing out on approximately $1.3 million in potential gains.

According to Lookonchain’s monitoring, a trader spent just $148 to purchase 37.96 million tokens of “Niu Lai”; the current value of these tokens is roughly $1.3 million. However, the trader sold all their holdings prematurely, reaping only about $1,430 in profit and missing out on approximately $1.3 million in potential gains.

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A retail investor generated a 2,527-fold profit by buying early, holding firm, and trading during the crypto bull market.

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In U.S. pre-market trading, declines in the storage sector have widened further, with all major individual stocks falling more than 5%.

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