According to ChainCatcher reports, the latest crypto weekly report from Gate Ventures shows that the overall crypto market experienced a pullback last week, with BTC down 8.7% and ETH’s decline expanding to 19.4%. ETF capital flows significantly weakened, with approximately $1.49 billion and $327 million in net outflows from BTC and ETH ETFs respectively. The total market capitalization of crypto assets decreased by 11.3% during the week. The ETH/BTC exchange rate fell below the critical level of 0.03, further worsening market sentiment and entering the “Extreme Fear” zone. As volatility increased, leverage and position pressures gradually emerged.
On-chain and industry activity-wise, despite market pressure, venture capital and innovation dynamics continued to drive progress. Several developments focused on payment infrastructure, compliant on-chain services, and adaptable DeFi architectures. In terms of funding, last week saw a total of 11 financing transactions disclosed, with a total disclosed amount of approximately $188.5 million, representing a 52% increase from the previous week. The funds were mainly concentrated in DeFi and infrastructure-related sectors. These dynamics indicate that, amid cautious sentiment, capital allocation remains selectively structured and continues to support long-term on-chain utility development.
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