GateVentures: Rising risk aversion predicts accelerated release of potential in markets, stablecoins and infrastructure

According to GateVentures 'latest weekly report, affected by the escalation of geopolitical risks and changes in the AI competition landscape, the three major U.S. stock indexes closed down last week, energy prices rose significantly, and safe-haven assets such as gold and U.S. bonds diverged. The crypto market continued its structural market, with Bitcoin and Ethereum rising 1.5% and 3.6% respectively, while both spot BTC and ETHTF maintained net inflows.<br /> In terms of industry development, supervision and practical applications continue to be the focus this week. Japanese convenience store giant Lawson teamed up with Netstars to promote the stablecoin payment pilot, further promoting stablecoin into daily consumption scenarios; South Korea plans to formally incorporate digital assets into the national asset management framework, and explore the tokenization of government bonds and state-owned assets. RWA infrastructure construction continues to speed up. In Europe, the total number of licensed institutions has increased to 294 after the MiCA transition period ended. Although the number of new licenses has slowed down, the popularity of institutional participation has not diminished.<br /> In terms of investment and financing, the encryption industry recorded a total of 16 financing incidents last week, highly concentrated in the infrastructure field: Among them, Alpaca completed US$135 million in financing, adding tokenized securities and AI financial infrastructure;Flex completed US$70 million in financing, further expanding the stablecoin cross-border payment network continues to confirm the long-term optimism of the capital market for digital financial infrastructure. GateVentures believes that as the global regulatory framework is gradually improved and the integration of traditional finance and blockchain continues to deepen, the digital asset ecosystem is expected to usher in a more mature and diversified development stage.