Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones increasing by over 250 points, closing up 0.60% at 47,709.91, while the NASDAQ rose 0.36% to 23,297.13 and the S&P 500 gained 0.38% to 6,838.77 [1] - Energy shares saw a notable increase of 1.6%, while health care stocks declined by 0.6% on the same day [1] Company Earnings - Chagee Holdings Limited (NASDAQ:CHA) reported a 7% increase in shares after releasing its third-quarter earnings, with non-GAAP net income decreasing to RMB502.8 million ($70.6 million) from RMB646.6 million year-over-year, and net revenues falling to RMB3,208.3 million ($450.7 million) from RMB3,541.2 million [2] Commodity Prices - In commodity markets, oil prices rose by 1% to $59.26, gold increased by 0.8% to $4,237.60, silver surged by 4.9% to $56.210, and copper climbed 1.8% to $5.2870 [5] European Markets - European shares showed positive movement, with the eurozone's STOXX 600 rising by 0.26%, Spain's IBEX 35 Index up 0.12%, London's FTSE 100 increasing by 0.31%, Germany's DAX 40 gaining 0.31%, and France's CAC 40 rising by 0.29% [6] Asian Markets - Asian markets closed mixed, with Japan's Nikkei gaining 0.17%, Hong Kong's Hang Seng falling 0.34%, China's Shanghai Composite rising 0.34%, and India's BSE Sensex decreasing by 0.02% [7] Notable Stock Movements - DeFi Technologies Inc. (NASDAQ:DEFT) shares surged 11% to $1.5300 following the approval of QCAD as Canada's first compliant CAD stablecoin [8] - Pasithea Therapeutics Corp. (NASDAQ:KTTA) saw a significant increase of 61% to $1.7017 after announcing a $60 million public offering of common stock [8] - HeartBeam, Inc. (NASDAQ:BEAT) shares rose by 23% to $0.7452 after outlining its regulatory strategy post-FDA's NSE decision [8] - Rubico Inc. (NASDAQ:RUBI) shares dropped 25% to $0.1623 due to a reported reverse stock split [8] - Tilray Brands, Inc. (NASDAQ:TLRY) shares fell 19% to $0.8310 following its announcement of a reverse stock split [8] - Rich Sparkle Holdings Limited (NASDAQ:ANPA) shares decreased by 34% to $17.53 after announcing plans to purchase up to $50 million in EDU tokens [8]

Core Insights - Open Campus and Animoca Brands have announced a strategic partnership with Nasdaq-listed Rich Sparkle Holdings (ANPA) [1] - ANPA plans to purchase up to $50 million worth of EDU tokens through public markets and OTC over the next 24 months, marking its first significant foray into crypto assets [1] - Animoca Brands will contribute $3 million worth of EDU tokens to the partnership [1]

Strategic Partnership - Open Campus and Animoca Brands establish a strategic partnership with Nasdaq-listed Rich Sparkle Holdings (ANPA) [1] - ANPA will purchase up to US$50 million worth of EDU tokens over the next 24 months [1] - Purchase will be conducted through open-market and OTC transactions [1] - This acquisition marks ANPA's first major crypto acquisition [1] - Animoca Brands will contribute an additional US$3 million in EDU tokens as part of the collaboration [1]

Core Viewpoint - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Society Pass Incorporated (SOPA) has increased by 139% to $3.34 - Critical Metals Corp. (CRML) has risen by 79% to $14.30 - Sanmina Corporation (SANM) is up 26% at $144.61 - Palisade Bio, Inc. (PALI) has gained 25% to $2.00 - Advanced Micro Devices, Inc. (AMD) has increased by 24% to $205.07 - Odyssey Marine Exploration, Inc. (OMEX) is up 22% at $2.46 - Youxin Technology Ltd (YAAS) has risen by 21% to $3.14 - NioCorp Developments Ltd. (NB) is up 18% at $9.38 - Snow Lake Resources Ltd. (LITM) has increased by 14% to $5.66 - Plug Power Inc. (PLUG) is up 7% at $4.10 [3] Premarket Losers - Rich Sparkle Holdings Limited (ANPA) has decreased by 15% to $22.10 - CCH Holdings Ltd Ordinary Shares (CCHH) is down 15% at $3.73 - Xcel Brands, Inc. (XELB) has fallen by 14% to $2.04 - Quantum Computing Inc. (QUBT) is down 13% at $21.39 - Rent the Runway, Inc. (RENT) has decreased by 12% to $4.70 - MDJM Ltd (UOKA) is down 11% at $2.96 - CID HoldCo, Inc. (DAIC) has fallen by 9% to $2.72 - Algorhythm Holdings, Inc. (RIME) is down 9% at $2.47 - Corbus Pharmaceuticals Holdings, Inc. (CRBP) has decreased by 8% to $13.50 - Art's-Way Manufacturing Co., Inc. (ARTW) is down 7% at $2.58 [4]

Group 1 - U.S. stock futures are higher, with Dow futures gaining approximately 100 points [1] - Quantum Computing Inc. raised $750 million from institutional investors in a market-priced private placement, leading to a sharp decline in its shares by 11.7% to $21.70 in pre-market trading [1] Group 2 - Rich Sparkle Holdings Ltd experienced a significant drop of 15% to $22.10 in pre-market trading after a 10% decline on Friday [3] - Nordic American Tankers Ltd fell 7.8% to $3.07 in pre-market trading [3] - Smurfit WestRock PLC shares decreased by 5.8% to $39.54 in pre-market trading [3] - Mesoblast Ltd shares declined 5.2% to $17.45 in pre-market trading, despite an 8% gain on Friday following the announcement of Ryoncil receiving a J-Code from Medicare & Medicaid Services [3] - Invesco Mortgage Capital Inc saw a decline of 4.4% to $7.42 in pre-market trading [3] - Inventiva ADR shares fell 4.2% to $6.26 in pre-market trading after the appointment of Andrew Obenshain as CEO [3] - International Paper Co dropped 4.2% to $45.21 in pre-market trading ahead of its third-quarter earnings release on October 30 [3] - Lufax Holding Ltd – ADR fell 3.7% to $3.85 in pre-market trading after an 8% decline on Friday [3] - Larimar Therapeutics Inc shares decreased by 3.3% to $4.71 in pre-market trading after a 14% jump on Friday [3]

Market Overview - U.S. stock futures are higher, with Dow futures gaining approximately 100 points [1] Quantum Computing Inc. - Quantum Computing Inc. (NASDAQ:QUBT) raised $750 million from institutional investors through a market-priced private placement led by top shareholders [1] - Shares of Quantum Computing fell sharply by 11.7% to $21.70 in pre-market trading [1] Other Stocks in Pre-Market Trading - Rich Sparkle Holdings Ltd (NASDAQ:ANPA) dropped 15% to $22.10 after a 10% decline on Friday [3] - Nordic American Tankers Ltd (NYSE:NAT) decreased by 7.8% to $3.07 [3] - Smurfit WestRock PLC (NYSE:SW) fell 5.8% to $39.54 [3] - Mesoblast Ltd (NASDAQ:MESO) declined 5.2% to $17.45, despite an 8% gain on Friday following the announcement of Ryoncil receiving a J-Code from Medicare & Medicaid Services [3] - Invesco Mortgage Capital Inc (NYSE:IVR) decreased by 4.4% to $7.42 [3] - Inventiva ADR (NASDAQ:IVA) fell 4.2% to $6.26 after appointing Andrew Obenshain as CEO [3] - International Paper Co (NYSE:IP) dropped 4.2% to $45.21 ahead of its third-quarter earnings release on October 30 [3] - Lufax Holding Ltd – ADR (NYSE:LU) fell 3.7% to $3.85 after an 8% decline on Friday [3] - Larimar Therapeutics Inc (NASDAQ:LRMR) decreased by 3.3% to $4.71 after a 14% jump on Friday [3]

Core Viewpoint - Rich Sparkle Holdings Limited, a financial printing and corporate services provider, reported a decrease in revenue for the first half of 2024/25, primarily due to declines in financial printing and advisory services, despite a successful Nasdaq listing in July 2025 [3][4]. Financial Results - Revenue decreased by 2.9% from US$1,793,702 for the six months ended March 31, 2024, to US$1,741,985 for the six months ended March 31, 2025, driven by a decline in financial printing services by US$578,520 and advisory services by US$44,903, partially offset by an increase in other services by US$571,706 [4]. - The cost of services decreased by 8.4% from US$1,212,073 to US$1,109,926, aligning with the revenue decline, as the company relied more on internal resources [5]. - Gross profit increased by 8.7% from US$581,629 to US$632,059, with gross profit margins improving from 32.4% to 36.3% [7]. - Selling, general and administrative expenses rose from US$732,276 to US$905,329, representing 52.0% of total revenue for the six months ended March 31, 2025, compared to 40.8% for the same period in 2024 [9]. - The net loss increased by 67.0% from US$154,134 to US$256,785 for the six months ended March 31, 2025 [15]. Taxation - The company is not subject to income tax in the British Virgin Islands, while its subsidiary in Hong Kong did not have any assessable profits for the periods reported [12][13]. Company Overview - Rich Sparkle Holdings Limited, founded in 2016, specializes in high-quality financial printing and corporate services in Hong Kong, offering a range of services including financial materials design, printing, and advisory services [3][16].

Group 1 - The top five gainers among Chinese concept stocks include: Hong Kong Pharmaceutical Digital Technology up 35.24%, Oriental Culture up 33.22%, Rich Sparkle Holdings up 26.81%, Xiao I Robot up 22.3%, and Huibao Holdings up 21.62% [1][1][1] - Hong Kong Pharmaceutical Digital Technology (HKPD) closed at 1.420 with a gain of 0.370 and a trading volume of 297 million [1][1][1] - Oriental Culture (OCG) closed at 3.850 with a gain of 0.960 and a trading volume of 3.8226 million [1][1][1] - Rich Sparkle Holdings (ANPA) closed at 52.880 with a gain of 11.180 and a trading volume of 1.2434 million [1][1][1] - Xiao I Robot (AIXI) closed at 1.810 with a gain of 0.330 and a trading volume of 1.4992 million [1][1][1] - Huibao Holdings (FEBO) closed at 0.9000 with a gain of 0.1600 and a trading volume of 862.84 thousand [1][1][1]

Group 1 - A growing number of local Hong Kong companies are listing in the United States, with approximately 31 companies having already listed on NASDAQ this year, and at least 27 more in the application process [2] - Among the listed companies, there are several capital market intermediaries, including brokers, financial printing firms, and investor relations service providers [2] - According to Ryan's statistics, as of August 15, 2025, 10 Hong Kong brokerage firms have applied for U.S. listings this year, with 4 already listed and 6 still in process [2] Group 2 - The reasons for the influx of intermediaries to the U.S. market include lower listing thresholds, faster and easier listing processes, and relatively lower initial IPO costs compared to Hong Kong [3] - The U.S. listing requirements are less stringent, with some companies facing lower performance expectations than those on Hong Kong's GEM (Growth Enterprise Market) [3] - The U.S. operates under a registration system that requires only disclosure, while Hong Kong has a dual filing system that necessitates approval from both the Hong Kong Stock Exchange and the Securities and Futures Commission [3]

Group 1 - The core point of the article highlights the significant declines in the stock prices of several Chinese concept stocks, with notable drops exceeding 30% for some companies [1] Group 2 - The top five decliners in the Chinese concept stock market include: - Niudaren (牛大人) with a drop of 39.81%, closing at 4.400, with a trading volume of 1.2984 million [1] - Xiangsong International (香颂国际) fell by 31.76%, closing at 0.0522, with a trading volume of 3.0304 million [1] - Skymon Solar Group (斯凯蒙太阳能集团) decreased by 28.64%, closing at 1.520, with a trading volume of 0.9305 million [1] - Rich Sparkle Holdings (Rich Sparkle Holdings) saw a decline of 19.60%, closing at 32.000, with a trading volume of 2.2894 million [1] - Daziran Pharmaceutical (大自然药业) dropped by 19.09%, closing at 3.560, with a trading volume of 0.3145 million [1]