Gate Research: Solana Memecoins Partially Recovered, Ethereum Foundation Discloses AI Safety Experiments

• Market Overview: The crypto market saw a broad-based recovery over the past 24 hours, although ETH significantly underperformed BTC, highlighting a divergence among major assets. The Fear & Greed Index remained at 22 (Extreme Fear), suggesting that overall market sentiment has yet to meaningfully recover. On the macro front, all three major U.S. stock indices closed higher on July 9, improving risk sentiment and providing short-term support for the crypto market.
• Top Gainers: Among crypto assets with a market capitalization above $10 million, FIDA (+41.91%), ELON (+30.10%), and JTO (+24.42%) posted the strongest gains. FIDA benefited from renewed rotation into established Solana ecosystem assets, ELON reflected improving sentiment in the meme coin sector, while JTO was supported by the Solana liquid staking and MEV infrastructure narrative. Overall, the rally remains highly selective, with its sustainability depending on continued trading volume and the strength of thematic momentum.
• Alpha Insights: The Ethereum Foundation released new findings from its AI security research, emphasizing that vulnerability validation is more critical than vulnerability discovery. Meanwhile, Hong Kong's SFC has instructed licensed platforms to phase out weaker authentication methods such as SMS-based verification, further raising account security standards. In addition, PYUSD launched natively on Polygon's Open Money Stack, marking another step toward a more modular stablecoin payment infrastructure.

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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
July 10, 2026

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