Gate Research: Stocks Hit Fresh Highs Again, Over 100 Crypto Projects Shut Down This Year

• Stock Markets: U.S. equities advanced across the board, with the S&P 500 closing at a record high. Hong Kong stocks edged higher despite net southbound outflows of approximately HKD 778 million. South Korean equities continued to decline, with SK Hynix falling 4.88% and weighing on the KOSPI.
• Market Commentary: The crypto market traded in a narrow range, with BTC and ETH falling 0.07% and 0.53%, respectively, over the past 24 hours. The Fear and Greed Index stood at 39, indicating that market sentiment remained cautious.
• Trending Tokens: QKA (+90.07%), MUBARAK (+77.28%), and TUT (+55.03%) led the gains, as capital rotated into Solana and BNB Chain meme assets and AI-powered educational applications.
• Alpha Insights: A BTCPay Server vulnerability resulted in compromised node credentials and stolen funds; TUT’s extreme volatility highlighted crowded derivatives positioning; and more than 100 crypto projects have shut down since the beginning of 2026, signaling an accelerating industry shakeout.

Discover more details today → Gate Research: Stocks Hit Fresh Highs Again, Over 100 Crypto Projects Shut Down This Year

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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 10, 2026

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