GateVentures: Market sentiment continues to be weak, stablecin payments and RWA infrastructure construction accelerates

According to GateVentures 'latest weekly report, market risk appetite continues to be under pressure, and the overall encryption market has corrected. BTC fell 3.7% weekly, ETH fell 1.2% weekly, the total market value of cryptocurrencies fell 3.1%, and the Fear and Greed Index remained in the "Extreme Fear" range. In terms of funds, digital asset investment products continued their net outflow trend, including a net outflow of US$226.8 million in a single week from spot BTCETF, and a net outflow of US$10 million from spot ETHETF, reflecting that the market's wait-and-see mood is still continuing. At the same time, Strategy's STRC has traded below par value for the fifth consecutive week, and the market continues to pay attention to its subsequent capital operations and yield adjustment space.<br /> In terms of industry development, stablecin payments and RWA infrastructure construction continue to advance. TraceFinance completed US$32 million in financing to expand compliant stablecoin payment networks and cross-border settlement infrastructure; Philippine regulators released positive signals of support for the development of RWA tokenization, and relevant explorations were further deepened. In terms of investment and financing, a total of 4 financing transactions were disclosed last week, with a total financing amount of US$39.5 million, of which DeFi Track's financing scale dominated. Overall, although the market is still in the adjustment stage in the short term, stablecin payments, RWA and underlying infrastructure construction are still important directions that the industry continues to pay attention to.