Zhibao Technology shares are trading higher after the company announced that it has entered into a non-binding term sheet with JOYERTECH AND INFORMATION OPC outlining the principal terms of a proposed private investment in public equity financing.

Nasdaq-Listed Chinese Company Does a Michael Saylor, Launches New Bitcoin Treasury Worth $154.7 Million

Zhibao Technology Inc. closed a $154.7 million Bitcoin-funded private placement on Tuesday, August 17, establishing a corporate treasury reserve of 2,380 BTC.

Why CoreWeave Shares Are Trading Higher By Over 17%; Here Are 20 Stocks Moving Premarket

CRWV shares rose in pre-market trading after reporting better-than-expected Q2 results. BAOS, BOXL, DOGZ, DRMA, ZBAO, HYLN, XHLD, VELO, and HRB also saw gains.

Shares of banks and financial services companies are trading higher as softer oil prices have driven a decline in Treasury yields, helping ease inflation concerns and support expectations for a more favorable rate environment. The improved macro backdrop has lifted sentiment across the financial sector.

Shares of financial services companies are trading higher as declining oil prices and a dovish Fed rate hold last week have eased concerns about tight lending policy, with Treasury yields falling. The move has improved broader market sentiment and supported the sector.