Market Movers | Some Crypto Stocks Rally; Alibaba Falls 1%; XPeng Sinks 7% After Earnings

TigerAug 24, 2026 2:16 PM

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Some crypto stocks rallied in morning trading. BitMine rose 5%; Strategy and SharpLink Gaming rose 4%; Riot Platforms and MARA Holdings rose 3%; , Bullish and Circle rose 2%; Coinbase rose 1%.

US-listed Alibaba shares fell 1.4% in morning trading on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 ‌apiece, in a deal aimed at funding artificial intelligence-related development.

Chinese EV maker XPeng forecast third-quarter revenue below Wall Street expectations on Monday, hurt by intensifying competition in the domestic auto market. The company's U.S.-listed shares fell 6.6% in morning trading.

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