Gate Research: Korean Stocks Rally, Wallet Data Breach Affects Nearly 54k Users

• Stock Market: The three major U.S. indices closed slightly lower, while Hong Kong’s tech sector weakened. South Korean stocks rose against the trend, with the KOSPI gaining 2.42% on heavy net foreign buying.
• Market Commentary: The crypto market remained in a weak range-bound session, with BTC and ETH down 0.42% and 0.41% respectively. The Fear & Greed Index stood at 36 (Fear), reflecting still-cautious market sentiment.
• Hot Tokens: PORTAL (+57.09%), AIO (+29.42%), and VELVET (+21.24%) led the gains, as capital mainly rotated around Web3 gaming, AI trading infrastructure, and DeFAI themes.
• Alpha Insights: The SafePal data breach affected nearly 40k customers; Ethereum began screening 66 proposals for the Hegotá upgrade; Novig sued Wisconsin state officials as the prediction-market regulatory conflict continued to escalate.

Discover more details today → Gate Research: Korean Stocks Rally, Wallet Data Breach Affects Nearly 54k Users

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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 17, 2026

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