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Gate Research Daily Report: On July 24, global equity markets were mixed. In the U.S., the Dow posted a modest rebound, while the Nasdaq was weighed down by a semiconductor sell-off. Hong Kong technology stocks weakened, and South Korean equities fell sharply amid concentrated selling by foreign and institutional investors. Meanwhile, the crypto market staged a modest recovery, with BTC and ETH gaining 0.87% and 3.32%, respectively, over the past 24 hours, while KONET, SAFE, and SOON led the gains. On the industry front, BitMart announced an orderly wind-down of operations, Triple-A’s hot-wallet losses rose to $11.8 million, and KB Kookmin advanced the adoption of Kinexys for cross-border payments.

Jersey Mike’s (NYSE: JMKE) has formally launched its IPO, offering 30 million shares of Class A common stock at an expected price range of $19 to $21 per share, implying a fully diluted market capitalization of approximately $8.3 billion to $8.9 billion. As the second-largest sandwich chain in the United States, Jersey Mike’s operates an asset-light model supported by a nearly 99% franchised store base and strong cash flow generation, although its store expansion is gradually shifting from rapid growth to a more mature growth phase. Proceeds from the primary offering will be used mainly to repay debt, while the transaction also includes a substantial secondary share component. Based on the company’s business model, financial performance, capital structure, use of IPO proceeds, and peer valuations, a reasonable valuation may fall within a range of 18–22x EV/Adjusted EBITDA, implying a fair value of approximately $21 per share.

Gate Research Daily Report: On July 24, BTC traded near $65,038.50 and ETH fell 3.07% as broad risk appetite weakened. The Fear & Greed Index stood at 36. RIF (+81.12%), FTT (+43.73%), and BDX (+28.96%) led a highly selective rotation. Bitwise cited potential bottoming signals, an AFX bridge exploit drained about 24.15 million USDC, and Mirae Asset Securities raised its Korbit stake to 97.15%.

Gate Research Daily Report: BTC slipped toward $65,000 while ETH underperformed, keeping risk appetite defensive. RIF (+81.12%), FTT (+43.73%), and BDX (+28.96%) rallied against a broadly red market, but leverage and thin liquidity increased reversal risk. Bitwise sees early bottoming signals, an AFX-operated cross-chain bridge lost about 24.15 million USDC, and Mirae Asset Group is moving toward a 97.15% stake in Korbit.

Gate Research Weekly Report: BTC and ETH traded in a broad consolidation range this week as macro uncertainty and weaker risk appetite weighed on short-term sentiment, while crypto ETF flows returned to modest net inflows, suggesting institutional allocation channels remain intact. The altcoin market stayed in a structural rotation phase, with AI infrastructure, RWA, and privacy-focused narratives continuing to attract capital. Meanwhile, OpenAI raised its projected cloud infrastructure spending to around $750 billion by 2030 and announced a $30 billion data center project, while the BIS warned that stablecoins could weaken the effectiveness of capital controls and tokenized stock transfer volume surpassed $9.2 billion. Over the next seven days, unlock events in H, XPL, and SOSO may introduce additional short-term supply pressure and volatility.

Gate Research Daily Report: Over the past 24 hours, BTC entered a weak consolidation phase, while ETH edged lower but remained relatively resilient. BTC and ETH fell 0.73% and 0.14%, respectively, as the market shifted into a range-bound pattern. BANK, DODO, and ZAMA gained 43.35%, 23.83%, and 23.40%, driven by expanded trading access, capital rotation, and renewed interest in privacy-related narratives. The BIS warned that stablecoins could circumvent capital controls. Monthly on-chain transfers of tokenized stocks climbed to $9.22 billion. Meanwhile, OpenAI raised its cloud services spending forecast to $700 billion and announced plans to invest over $30 billion in a new data center.

Gate Wealth Report H1 2026 analyzes crypto market trends, Simple Earn, Dual Investment, On-Chain Earn, and Gate Stocks performance, highlighting yield strategies and asset allocation insights.

The cryptocurrency market remained under pressure in June, with both BTC and ETH posting monthly declines of around 20%. Gate Earn maintained relatively stable assets under management, fluctuating within the 1.5–1.6 billion USDT range. Total GUSD minted continued to trend lower, while its reference APY remained stable between 2.8% and 3.0%. Gate Dual Investment continued to outperform the market, with the Buy Low strategy offering a 0-day APY of 295%, significantly higher than the industry average of 166%. Among Gate Quant Funds, Interstellar Hedging (USDT) delivered the highest cumulative return at 18.7%. The top holdings in Gate Stocks remained highly concentrated in global semiconductor and technology growth companies, with SK Hynix ranking as the largest position.

BTC and ETH gained 1.48% and 3.62%, respectively, while spot ETF flows returned to net inflows overall, with Ethereum ETFs seeing a more pronounced recovery in capital inflows. Gate TradFi's weekly trading volume rebounded to approximately US$90 billion, accompanied by higher allocations to U.S. equities and ETFs. Robinhood Chain shifted market attention from the Solana meme ecosystem toward the "RWA + Tokenized Stocks + Meme" narrative. Uniswap continued to see user growth, the Ethereum ecosystem benefited accordingly, and both Lido's TVL and Aave's Ethereum lending market continued to expand. BTC funding rates remained positive throughout the week, although open interest (OI) showed no meaningful expansion, indicating restrained leverage despite constructive sentiment. Meanwhile, the options market was primarily driven by monthly contract rollovers and risk management, with 25D Skew continuing to normalize and DVOL remaining at subdued levels, suggesting that defensive positioning in

Gate Research Daily Report: Over the past 24 hours, BTC and ETH gained 1.34% and 0.92%, respectively, with BTC reclaiming the $66,000 level. Improving risk appetite supported a broader market rebound, although inflation concerns driven by higher oil prices continued to limit upside momentum. NIGHT, ONE, and EPIC rose 35.13%, 21.17%, and 20.78%, respectively, fueled by narratives surrounding privacy, public blockchain infrastructure, and consumer applications. Progress was made on U.S. crypto ethics provisions. Meanwhile, UK Bitcoin treasury company Satsuma announced plans to sell its 668 BTC holdings and delist. Following the conclusion of the FIFA World Cup, open interest in prediction markets declined, with combined open interest across the two leading on-chain prediction platforms falling approximately 20% from the early-July peak of around $2 billion.

Gate Research Daily Report: Over the past 24 hours, BTC and ETH gained 1.34% and 0.92%, respectively, with BTC reclaiming the $66,000 level. Improving risk appetite supported a broader market rebound, although inflation concerns driven by higher oil prices continued to limit upside momentum. NIGHT, ONE, and EPIC rose 35.13%, 21.17%, and 20.78%, respectively, fueled by narratives surrounding privacy, public blockchain infrastructure, and consumer applications. Progress was made on U.S. crypto ethics provisions. Meanwhile, UK Bitcoin treasury company Satsuma announced plans to sell its 668 BTC holdings and delist. Following the conclusion of the FIFA World Cup, open interest in prediction markets declined, with combined open interest across the two leading on-chain prediction platforms falling approximately 20% from the early-July peak of around $2 billion.

BTC posted a modest 1.5% gain over the week, while ETH rose 3.6%. The crypto market continued to find support from easing inflation, although higher oil prices and geopolitical risks still restrained the expansion of leveraged positions. Among the top gainers, Pump.fun (PUMP), Pi (PI), and Injective (INJ) ranked first, second, and third, recording 7-day gains of 31.44%, 22.17%, and 12.45%, respectively. Over the past week, public blockchains recorded a net capital outflow of approximately $485 million. Ethereum was the primary source of outflows, with net outflows of around $894 million, while Avalanche attracted the largest net inflow of approximately $146 million, driven by Progmat's $2.7 billion tokenized securities migration and the deployment of Aave V4. Meanwhile, increased Meme trading activity on Robinhood Chain significantly boosted Uniswap's trading fees.