Gate Research: US and HK Stocks Rebound, Term Finance Suffers Governance Attack

• Stock Markets: All three major U.S. stock indexes rose, with the Dow up 0.98%. Hong Kong stocks strengthened, pushing the Hang Seng Index back above 26,000. South Korean stocks were mixed, with semiconductor heavyweights lifting the KOSPI while the KOSDAQ fell 4.63%.
• Market Commentary: The crypto market consolidated at elevated levels, with BTC and ETH gaining 0.1% and 0.76%, respectively, over the past 24 hours. The Fear & Greed Index stood at 78 (Greed), while short-term technical indicators remained elevated.
• Trending Tokens: DENT (+239.48%), NPC (+28.92%), and SPK (+28.90%) led gains, as capital rotated across mobile data, Meme-NFT, and DeFi liquidity narratives.
• Alpha Insights: Term Finance suffered an approximately $8.5 million loss from a governance attack; Tether terminated its roughly $120 million mining project in Uruguay; and research from the Federal Reserve Bank of Cleveland highlighted the price feedback mechanism in crypto markets.

Discover more details today → Gate Research: US and HK Stocks Rebound, Term Finance Suffers Governance Attack

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

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 24, 2026

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