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Gate Research: Crypto Market Pulls Back as DeFi Dashboard Zapper Announces Shutdown After Seven Years of Operation

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Daily Report
2026-07-09 02:53:40
Reading Time: 3m
Last Updated 2026-07-09 03:18:51
Gate Research Daily Report: Amid elevated U.S. Treasury yields and rising oil prices that reinforced inflation concerns, BTC traded lower in a volatile session and remains under pressure below the MA30. ETH also extended its intraday decline, continuing to underperform BTC. POWER gained 38.56% on the Web3 incentive layer narrative, OGN rose 14.10% driven by decentralized e-commerce and RWA themes, while UAI advanced 12.97% amid growing interest in AI agent networks. BNB Chain announced plans to build a new Layer 1 tailored for Agentic Trading; DeFi dashboard Zapper announced it will shut down after seven years of operation; meanwhile, inflation expectations and the upcoming FOMC meeting minutes remain key short-term catalysts for BTC.
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