Gate Ventures Weekly Crypto Recap (August 3, 2026)

2026-08-0310:36

Gate Ventures

2026-08-03 10:36

Gate Ventures

2026-08-03 10:36

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TL;DR

U.S. equities rebounded, with the Nasdaq (+1.59%) leading gains, followed by the S&P 500 (+1.05%) and Dow Jones (+1.04%), supported by strong Q2 earnings and improved market sentiment.
Risk appetite strengthened after blockbuster earnings from Microsoft and Amazon, while the Federal Reserve’s rate decision provided additional relief to investors.
Crude oil declined sharply, with Brent falling to US$94.94/bbl and WTI to US$86.09/bbl, as easing Middle East tensions reduced geopolitical risk premiums.
The 10-year U.S. Treasury yield rose to 4.718% following the Fed’s hawkish hold, reinforcing expectations of higher-for-longer interest rates.
Gold edged lower to US$4,045/oz, pressured by rising Treasury yields.
Strategy maintained a 12% annualized STRC dividend, while reporting an US$8.33 billion Q2 operating loss driven primarily by unrealized digital asset losses.
In crypto markets, Cardano (+12.5%) outperformed after confirmation of the Leios testnet, while Hyperliquid (-12.4%) fell on growing regulatory concerns.
Institutional blockchain adoption continued, with Emirates enabling crypto payments for UAE flight bookings, European financial institutions launching the RL1 blockchain network, and BNY moving US$8.6 trillion in transfer-agency records on-chain.

Macro Overview

Tech Earnings Rebound and Hawkish Fed Hold Shape Risk Sentiment

Global financial markets recovered from the previous week’s sell-off during the week ending July 31, 2026. Equity markets found strong support in a busy earnings week, led by mega-cap technology results. The benchmark S&P 500 index gained 1.05% for the week to finish at 7,489.72 points, while the tech-heavy Nasdaq Composite rose 1.59% to 25,373.85 points.

The primary driver for equity upside was stellar quarterly performance from key Cloud and AI leaders. Microsoft surged 15% after reporting 43% growth in its Azure cloud unit — its fastest growth pace since 2022 — adding a record $450 billion in market value. Amazon also jumped following stronger-than-expected operating profits, signaling that massive capital expenditure outlays are beginning to translate into accelerated enterprise revenue. This strength offset localized weakness in Meta, which fell nearly 8% on lower free cash flow guidance, and Apple, which offered a subdued forward outlook.

On Wednesday, July 29, the Federal Open Market Committee (FOMC) voted 9–3 to maintain the federal funds target rate steady at 3.50%–3.75%. However, three regional Fed bank presidents dissented in favor of an immediate 25-basis-point rate hike. In the post-meeting press conference, Chairman Kevin Warsh delivered a hawkish tone, reiterating that inflation remains the central bank’s primary concern amidst persistent energy shocks. Macro data painted a mixed growth picture: U.S. Q2 GDP decelerated to +1.5% annualized (below the +2.0% consensus estimate), while core PCE inflation softened to +3.7% year-over-year.

In energy markets, oil prices decreased last week as the immediate threat of a wider Middle East conflict eased, sparked by a temporary pause in military strikes between the U.S. and Iran. This pause, combined with Trump’s announcement that peace talks would resume following calls for negotiation from regional allies, cooled the geopolitical risk premium. Consequently, the market experienced a sharp correction, with Brent crude dropping 3.81% over the week to US$ 94.94 per barrel and WTI crude oil price decreasing by 5.88% to US$ 86.09 per barrel, as supply disruption fears subsided.

In fixed income, the hawkish Fed hold and dissenting votes pushed Treasury yields higher, with the 10-year yield rising to 4.745%, while closing at 4.718%. However, the macroeconomic data published post the FOMC meeting pushed the U.S. Dollar Index (DXY) down to 99.80 while keeping spot gold closed at around US$ 4,045 per ounce. (1)

Asset Class Highlights

The U.S. Dollar Index fell 1.64% on the week, closing at 99.80 (down from 101.47 the prior week). The greenback eased as traders adjusted rate hike probabilities following mixed U.S. GDP growth data, despite hawkish rhetoric from the Federal Reserve. (2)

U.S. 10-Year and 30-Year Treasury Yields

Government bond yields pushed higher as fixed-income markets reacted to three dissenting FOMC votes in favor of rate hikes. The 10-year Treasury yield rose to 4.745% (up from 4.681% the prior week) and closed at 4.718% on Friday, while the 30-year yield climbed to 5.267% (up from 5.161%). (3)

Spot gold dropped nearly 0.20% on the week to close at US$$ 4,045 per ounce (down from U$$ 4,053). Rising Treasury yields and hawkish Fed signals balanced out safe-haven demand stemming from Middle Eastern geopolitical tensions. (4)

Crypto Markets Overview

1. Main Assets

BTC rose 1.5% last week, while ETH gained 3.6%, continuing to show stronger near-term momentum. Despite this, the ETH/BTC ratio fell 0.8% to 0.029 after briefly touching 0.03 for the first time since April.

Spot BTC ETFs recorded US$61.5 million in net outflows, while spot ETH ETFs attracted US$9 million in net inflows. (5)

The Fear & Greed Index remained at 28, keeping market sentiment firmly in the “Fear” zone. (6)

2. Total Market Cap

Crypto Total Marketcap Excluding BTC and ETH

Crypto Total Marketcap Excluding Top 10 Dominance

Total crypto market capitalization fell 2.4% last week. Excluding BTC and ETH, market capitalization declined 1.3%, while the broader altcoin market outside the top 10 dropped 3.7%.

Market attention is increasingly shifting toward tokenized equities. bStocks recorded more than US$900 million in daily trading volume, while HIP-3 markets averaged around US$3.6 billion per day. (7)(8)

3. STRC Performance

STRC recorded US$452 million in trading volume last week and remained below par for the tenth consecutive week. Its price recovered slightly to around US$89 following Saylor’s announcement of an STRC buyback.

The variable annualized dividend rate remains at 12% for record dates beginning in August.

Strategy reported a US$8.33 billion operating loss for Q2 2026, driven almost entirely by an US$8.32 billion unrealized loss on its digital assets, compared with a US$14.03 billion operating profit in Q2 2025.

Liquidity weakened during the quarter, with cash and cash equivalents falling to US$1.71 billion, partially offset by US$736.1 million in short-term investments.

Revenue rose 6.9% year over year to US$122.4 million, while gross profit increased to US$81.6 million.

Among Bitcoin treasury preferred securities, STRC accounted for 73.5% of total trading volume last week, down from 76.6% last week. The second largest was Strive’s SATA, which accounted for 8.5%. (9)

4. Top 30 Crypto Assets Performance

Source: Coinmarketcap and Gate Ventures, as of 27th July 2026

The top 30 cryptocurrencies dropped 2% on average last week, with Cardano leading the market.

Cardano surged 12.5% after the announcement that the Leios testnet will launch in June 2026. The upgrade targets a 10–65x increase in throughput and more than 1,000 TPS, directly addressing Cardano’s long-standing scalability concerns. (10)

Hyperliquid fell 12.4%, as the ongoing CLARITY Act debate placed the protocol in a more uncertain regulatory position.

Since Hyperliquid is not currently registered with the CFTC as a derivatives exchange, clearer DeFi and derivatives rules could reduce regulatory ambiguity while making compliance and enforcement expectations more explicit.

The Key Crypto Highlights

1. BNY moves US$8.6 trillion transfer-agency records onchain

BNY will launch a blockchain-based transfer-agency platform that brings fund ownership records and investor transactions onchain. The platform will operate alongside BNY’s existing systems, covering a transfer-agency business with roughly US$8.6 trillion in assets across 7.6 million accounts, while creating a shared record that reduces reconciliation between fund managers, custodians and other participants. Early users include Baillie Gifford, which plans to launch a fully native UK-regulated tokenized fund, with BlackRock and BNY Dreyfus also expected to use the platform for upcoming tokenized funds. (11)

2. Emirates enables crypto payments for UAE flight bookings

Emirates has launched Crypto.com Pay across its website and app, allowing eligible UAE residents to book flights using cryptocurrencies. Crypto.com handles the conversion while Emirates receives settlement in UAE dirhams, enabling crypto-funded payments without exposing the airline to digital-asset price risk. The rollout follows Crypto.com’s UAE Stored Value Facilities licence and reflects the growing integration of regulated crypto payment rails into mainstream travel services. (12)

3. European financial institutions launch RL1 blockchain network

Ten European financial institutions, including ABN AMRO, DekaBank and Natixis CIB, have launched Regulated Layer One (RL1), a jointly owned permissioned blockchain for regulated financial markets. Built on SWIAT’s infrastructure, the network will support tokenized bonds, digital money, collateral and blockchain-based settlement, while giving each member equal governance rights. The underlying platform has already processed more than 50 transactions worth over €700 million, with RL1 aiming to reduce fragmentation across banks’ separate blockchain systems. (13)

Key Ventures Deals

1. Dow Protocol raises US$9 million seed round

Dow Protocol is a blockchain platform focused on bringing real-world assets on-chain. The company raised US$9 million in a seed round backed by MH Ventures, OKX Ventures, Animoca Brands, Arcane Group, Essentia Partners and Quartet Group. The funding highlights continued investor interest in RWA tokenization as Dow Protocol enters an increasingly competitive market alongside platforms such as Ondo Finance, Centrifuge and Maple Finance. (14)

2. Perceptron raises US$6.5 million strategic round

Perceptron is a decentralized AI data network that allows companies to commission verified, specialized datasets from a global contributor network. The company raised US$6.5 million from investors including Sigma Capital, Selini Capital, QCP Capital, P2 Ventures, CoinDCX Ventures, Momentum6, Aethir and Colosseum. The funding will support the launch of its data-questing platform, expand contributor tools and rewards infrastructure, and scale the network from over 700,000 nodes toward its five-million-node target. (15)

3. Beezie raises US$4 million round led by Psalion

Beezie is a Singapore-based commerce platform that gamifies the discovery, ownership and trading of physical collectibles and luxury goods, using blockchain-based digital twins to represent assets on-chain. The company raised US$4 million in a round led by Psalion VC, after facilitating more than US$170 million in gross merchandise value since launch. The funding will support inventory acquisition and expansion across the collectibles, luxury and entertainment sectors, as Beezie seeks to build a consumer infrastructure layer for physical-asset commerce. (16)

Ventures Market Metrics

The number of deals closed in the previous week was 6, Infra having 3 deals, DeFi having 2 deals, and Social having 1 deal.

Weekly Venture Deal Summary, Source: Cryptorank and Gate Ventures, as of 3rd Aug 2026

The total amount of disclosed funding raised in the previous week was $23.5M. 2 deals did not disclose the fundraising amount. The top funding came from the Infra sector with $10.5M. Most funded deals: Dow Protocol ($9M).

Total weekly fundraising declined to $23.5M for the first week of August 2026, a decrease of 88% compared to the week prior.

About Gate Ventures

Gate Ventures, the venture capital arm of Gate.com, is focused on investments in decentralized infrastructure, middleware, and applications that will reshape the world in the Web 3.0 age. Working with industry leaders across the globe, Gate Ventures helps promising teams and startups that possess the ideas and capabilities needed to redefine social and financial interactions.

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