Daily Market Movers — Sunday, July 12, 2026

Total crypto market cap sits at $2.28T as of Sunday, July 12, 2026 — a cautious market. CoinGecko has BTC at $63,990 (-0.4%), ETH at $1,806 (+0.2%), and BTC dominance at 56.3%. The Fear & Greed Index reads 26 (Fear) on Alternative.me, and with BTC holding more than 56% of the market, risk appetite stays limited. BTC needs to reclaim and hold above $64,000, with sentiment climbing past 26, before short-term momentum looks credible. DeFi total value locked held near $74.0B as of July 12, 2026, per DefiLlama — the sector is barely moving. Total market cap slipped just 0.2% on CoinGecko's numbers, while ETH added 0.2% to reach $1,806, a small pocket of strength against otherwise flat sentiment. A push in DeFi TVL above $75B, paired with ETH holding above $1,800, would signal on-chain demand picking back up.

Top Gainers Analysis

Malaysian companies can be dissolved two ways under the Companies Act 2016: strike off or winding up. Which one applies depends on the company's finances — whether it still holds assets or owes debts. Below is the process, requirements, timeline, and cost for each, current for 2026. Strike off (Section 550 of the Companies Act 2016) Strike off is an administrative process: the company applies to have its name removed from the SSM register. It's the fastest and cheapest option, but only solvent, dormant, or inactive companies qualify. To qualify, the company must have stopped operating (or never started) with no plan to resume, hold no assets and no liabilities — no debts, taxes, or bank balances — and have closed all bank accounts. It must owe nothing to LHDN, RMCD (SST), EPF, SOCSO, or EIS, and its SSM filings, annual returns, and financial statements must be current. It must have no pending legal proceedings, in Malaysia or abroad, no outstanding charges registered against it, and shareholders must have passed a resolution approving the application. The process starts with a board resolution to wind up the company, followed by closing all business accounts and settling outstanding SSM filings. The company then secures a tax clearance letter from LHDN. A company secretary prepares the paperwork: the Section 550 application (RM 100 filing fee), a cover letter explaining the reason for strike-off, a director's declaration, a shareholder resolution, the latest management accounts, and waiver letters from directors and creditors. The secretary submits the application and documents to SSM, which reviews the filing and may issue a public notice; if no objection arrives within 30 days, SSM publishes the company's name in the Federal Gazette. The company is dissolved once gazetted. The process takes roughly 6 to 12 months, since SSM processing alone runs at least 6 months. The SSM fee is RM 100; with company secretary and legal fees included, total cost usually runs RM 2,500 to RM 5,600. Winding up (liquidation) Winding up is more formal and complex, and it applies when a company holds assets, owes debts, or is insolvent. There are two voluntary routes and one court-ordered route: members' voluntary winding up, for solvent companies that can clear debts within 12 months; creditors' voluntary winding up, for insolvent companies that can't; and compulsory winding up, ordered by a court, usually on a creditor's petition. For a members' voluntary winding up, the board first passes a resolution to recommend winding up. Directors then file a statutory declaration of solvency under Section 443, confirming debts can be paid in full within 12 months, and shareholders approve a special resolution at an Extraordinary General Meeting. A licensed liquidator takes over — collecting and selling assets, paying creditors — and once debts are settled and assets distributed, calls a final meeting of members and files a final report with SSM. The company is dissolved three months after that meeting and filing. A creditors' voluntary winding up starts with a creditors' meeting and a shareholder special resolution. Creditors appoint a liquidator, often the Official Receiver, who liquidates assets and pays creditors by statutory priority. Once final accounts are filed with SSM, the company is dissolved. Winding up takes 12 months or more overall; the voluntary route typically runs 6 to 8 months. Costs run well above strike-off — RM 10,000 to RM 20,000 or more, depending on how complex the company's affairs are. Strike off suits dormant, solvent companies with no assets or liabilities, costs RM 2,500–5,600, takes 6–12 months, and needs only a company secretary. Winding up suits companies with assets, debts, or insolvency, costs RM 10,000–20,000+, takes 12+ months, and needs a licensed liquidator and legal counsel. A few compliance points matter for both routes in 2026. Tax clearance from LHDN is mandatory before either process can proceed, and all outstanding SSM filings must be current — missing filings get an application rejected outright. Directors stay personally liable for offences committed before dissolution, and courts can reinstate a company that's already been struck off. Filing a false or misleading statement is an offence under Section 591, punishable by up to 10 years in prison or a RM 3 million fine. Engage a licensed company secretary or lawyer before starting either process to stay compliant with SSM and LHDN. This is general guidance, not legal advice — procedures, costs, and timelines can change, so confirm specifics with a qualified professional.

Biggest Losers

Notable Losers

The day's biggest decliner fell 6.2%, per Binance data, with Loopring (LRC) close behind at the same 6.2%, down to $0.0188 on $2.9M in volume. IOTA lost 5.4% to $0.0382 on $968,518 in volume, LayerZero (ZRO) slid 5.2% to $0.8910, and MANTRA (OM) dropped 5.1% to $0.0669. No confirmed catalyst explains the 24-hour moves; profit-taking or whale selling are the likely drivers. LRC and the session's top loser both need volume to climb back above current levels before a bottom looks credible.

What to Watch

• BTC at $63,990 with Fear and Greed at 26 signals cautious market sentiment.
• Market capitalization declined 0.2% over 24h, showing limited risk appetite among crypto traders.
• BTC price movement of -0.4% requires monitoring for short-term volatility shifts.
• Fear and Greed Index at 26 indicates fear levels remain elevated today.
• Crypto market cap change of -0.2% may reveal weakening momentum within 24h trading.