Gate Research: U.S. Stock Indexes Hit Record Highs, NEAR Proposes Protocol Sovereign Wealth Fund

• Stock Market Commentary: U.S. equities were supported by strong earnings and lower oil prices, with both the S&P 500 and Dow Jones Industrial Average closing at record highs. Hong Kong stocks opened higher but reversed gains, while technology and healthcare stocks showed relative resilience. South Korean equities extended their sharp rebound, with the KOSDAQ significantly outperforming as risk appetite recovered in semiconductor and growth stocks.
• Crypto Market Commentary: Amid improving short-term buying support, BTC strengthened in choppy trading and recovered above 64,000 USDT, while ETH posted a modest gain and GT consolidated sideways. The Crypto Fear & Greed Index stood at 25, highlighting a divergence between recovering prices and weakening market sentiment.
• Trending Tokens: CYS, SKYAI, and BICO surged 80.27%, 27.23%, and 25.77%, respectively, driven by rotation into computing power, AI data, and Web3 infrastructure narratives.
• Alpha Insights: NEAR’s co-founder proposed establishing a protocol sovereign wealth fund; Mastercard completed its acquisition of stablecoin infrastructure company BVNK; and BlackRock launched two tokenized money market funds targeting institutional investors.

Discover more details today → Gate Research: U.S. Stock Indexes Hit Record Highs, NEAR Proposes Protocol Sovereign Wealth Fund

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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
August 5, 2026

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