On Monday, U.S. stocks saw a broad rise in cryptocurrency concept stocks, with "HYPE version of MicroStrategy" SONN soaring 86.46%

ChainCatcher news, according to market news, the US stock market closed on Monday with the Dow Jones up 0.2%, the Nasdaq up 0.27%, and the S&P 500 index up 0.14%. Cryptocurrency-related stocks in the US rose broadly, including:

• "HYPE version of MicroStrategy" Sonnet BioTherapeutics Holding (SONN) rose 86.46%, with a trading volume of $631 million. Yesterday, Sonnet announced it would 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 by 24,371 ETH, accumulating a total of 294,000 ETH;

• BIT Mining Ltd (BTCM) rose 10%, with a trading volume of $117 million. Previously, it announced it would convert its cryptocurrency holdings to SOL and raise $200 million to $300 million for its Solana strategy;

• Sequans Communications (SQNS) rose 24.89%. The stock has already accumulated over 210% last week, with a trading volume of $62.72 million on Monday. SQNS announced yesterday that it had increased its holdings by 683 BTC, with an average price of $113,893 each, bringing its total holdings to 1,053 BTC;

• Upexi Inc (UPXI) rose 10.58%, with a trading volume of $51.4 million. Previously, Upexi announced it had completed a $200 million financing to increase its SOL holdings;

Other notable performing cryptocurrency-related stocks: SRM Entertainment rose 11.57%; MicroStrategy rose 3.78%; Circle surged 9.27%.