24H|Chinese ETFs and ADRs Jump; YINN up 5%; Li Auto, Alibaba up 2%; Bitcoin Shares Rise; Coinbase, Strategy up 2%; Shopify up 3%

Tiger Newspress
08 May

Bitcoin shares rose in overnight trading. Bit Digital up 4%; Canaan, Riot Platforms up 3%; CleanSpark, Coinbase, Strategy up 2%; MARA up 1%.

The Federal Reserve held interest rates steady on Wednesday as U.S. President Donald Trump’s tariffs continued to cloud the central bank’s economic outlook.

Bitcoin surpassed $98,000 and is now trading at $98,011, with a narrowed 0.89% increase in 24 hours.

Chinese ETFs and ADRs jumped in overnight trading. YINN rose 5%; Li Auto, Alibaba, XPeng rose 2%; PDD, JD.com rose 1%.

Quantum computing stocks jumped in overnight trading. D-Wave Quantum Inc. up 3%; IONQ Inc., Rigetti Computing, SEALSQ Corp rose 2%; Quantum Computing Inc. up 1%.

AI application software shares jumped in overnight trading. AppLovin Corporation rose 15%; Shopify up 3%; SoundHound AI Inc, Palantir Technologies Inc. up 1%.

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