Gate Ventures: The market continues to adjust, and DeFi and infrastructure financing remain active

According to the latest weekly report from Gate Ventures, market risk appetite has further cooled, leading to an overall correction in the cryptocurrency market. BTC fell 6.4% over the week, ETH fell 7.9%, and the total market capitalization of cryptocurrencies declined by 5.4%, with the Fear and Greed Index dropping into the "Extreme Fear" range.

In terms of capital flow, the spot BTC ETF saw a net outflow of $1.79 billion in a single week, setting a record for the largest single-week net outflow in history, and has recorded outflows for seven consecutive weeks; the spot ETH ETF experienced a net outflow of $273.3 million during the same period, putting continued pressure on market liquidity. Meanwhile, STRC under Strategy has traded below par value for the sixth consecutive week, with the market continuing to focus on its dividend rate adjustments and capital operation progress.

In terms of industry development, RWA applications and blockchain infrastructure construction are continuing to advance. Enso launched an RWA application supporting the trading of over 500 tokenized assets, further promoting the development of the tokenized asset trading ecosystem; the SEC and CFTC are coordinating to publicly solicit market opinions on the portfolio margin system, continuously improving market infrastructure.

In terms of investment and financing, a total of 18 financing deals were completed last week, with a disclosed total financing amount of $210.3 million. Among them, the DeFi sector had the highest financing scale, raising a total of $114 million, indicating that market funds continue to focus on on-chain financial innovation and infrastructure construction.