Gate Research: Major Stock Indexes Weaken, Japan’s SBI Advances On-Chain Financial Markets

• Market Commentary: The crypto market pulled back over the past 24 hours, with BTC falling to around $62,500 and ETH slipping back below $1,800, indicating that the recent recovery in major assets has lost momentum. The Crypto Fear & Greed Index currently stands at 28 (Fear). On the macro front, all three major U.S. equity indices closed lower on July 13, with weakness in technology stocks weighing on broader risk assets, including cryptocurrencies.
• Top Gainers: The day's top-performing tokens were ALLO (+23.85%), VELVET (+21.49%), and ZBT (+21.32%). ALLO was driven by renewed enthusiasm for AI infrastructure, VELVET reflected capital rotating back into the on-chain asset management sector, while ZBT benefited from growing interest in privacy computing and zero-knowledge infrastructure. Overall, the rally remains highly selective, with its sustainability dependent on continued trading volume and broader thematic participation.
• Alpha Insights: SBI Holdings and the Solana Foundation have partnered to build an integrated on-chain financial ecosystem combining stablecoins, RWAs, and payments. Meanwhile, the UK continues to advance its wholesale market tokenization roadmap, with repo markets and digital government bonds emerging as key implementation priorities. Bolivia is also considering recognizing USDT as an official payment option, further highlighting the expansion of stablecoins from crypto-native assets into real-world payment infrastructure.

Discover more details today → Gate Research: Major Indices Pull Crypto Down, SBI Advances On-Chain Financial Markets

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Disclaimer

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 14, 2026

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