Cryptocurrency concept stocks in the US stock market rose on Monday, with "HYPE version micro strategy" SONN surging 86.46%

According to BlockBeats, on Monday, July 15th, the Dow Jones Industrial Average closed up 0.2%, the Nasdaq rose 0.27%, and the S&P 500 index rose 0.14%. Cryptocurrency concept stocks in the US stock market generally rose, among which: Sonnet BioTherapeutics Holding (SONN), the "HYPE version of micro strategy," rose 86.46% with a trading volume of $631 million. Yesterday, Sonnet announced that it will merge to form Hyperliquid Strategies and launch a treasury strategy, holding 12.6 million HYPE and $300 million in cash; SharpLink Gaming (SBET) rose 10.3% with a trading volume of $1.39 billion. Five hours ago, it continued to increase its holdings of 24371 ETH and has purchased a total of 294000 ETH; BIT Mining Ltd (BTCM) rose 10% with a trading volume of $117 million. It previously announced that it will convert its cryptocurrency holdings to SOL and raise $200 million to $300 million for its Solana strategy; Sequans Communications (SQNS) rose 24.89%, with a cumulative increase of over 210% last week and a trading volume of $62.72 million on Monday. SQNS announced yesterday an increase in holdings of 683 BTC, with an average price of $113893 per BTC, and a total holding of 1053 BTC; Upexi Inc (UPXI) rose 10.58% with a trading volume of $51.4 million, after announcing the completion of $200 million in financing to increase its holdings in SOL; Other outstanding cryptocurrency concept stocks: SRM Entertainment rose 11.57%; MicroStrategy rose 3.78%; Circle surged 9.27%.