Gate Research: Microsoft's Strong Earnings Drive Tech Stocks Higher; GF Surges Over 40% in 24 Hours

• Equity Market Commentary: Strong Microsoft earnings drove a broad rebound in U.S. technology and semiconductor stocks, with the S&P 500, Dow, and Nasdaq rising 1.66%, 1.19%, and 2.78%, respectively. Hong Kong stocks extended their gains as the Hang Seng Index rose approximately 1.96%. After remaining under pressure in the previous session, South Korean equities rebounded sharply in early trading on July 31, with the KOSPI rising as much as 13.1%.
• Crypto Market Commentary: Over the past 24 hours, the crypto market extended its recovery. BTC gained 2.37% and reclaimed 65,000 USDT, while ETH rose 1.59% to 1,928.55 USDT. The Crypto Fear and Greed Index increased to 39, indicating continued improvement in market risk appetite.
• Top Gainers: GF, ROBO, and GIGGLE rose 40.38%, 27.42%, and 18.02%, respectively, as capital continued rotating into RWA, Web3 infrastructure, and community-driven small- and mid-cap tokens.
• Alpha Insights: Global banks continued to advance tokenized cross-border payment pilots. A Blockaid report showed that crypto-industry hacking losses exceeded $1 billion in the first half of 2026. Bipartisan U.S. senators also proposed a new compromise on the ethics provisions of the CLARITY Act.

Discover more details today → Gate Research: Microsoft's Strong Earnings Drive Tech Stocks Higher; GF Surges Over 40% in 24 Hours

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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 31, 2026

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