Gate Ventures: Increased volatility in mainstream assets, continued infrastructure development in the industry

PANews reported on February 24th that, according to Gate Ventures' latest weekly crypto report, the US dollar index remained relatively high, long-term Treasury yields rose, and gold prices hit a new monthly high, indicating a general increase in risk aversion in the market. Regarding crypto assets, BTC fell 1.73% last week, and ETH fell 0.42%, but the ETH/BTC ratio rebounded slightly by 1.3% to 0.0287. Significant outflows were observed, with a net outflow of $315.86 million from BTC spot ETFs and $123.37 million from ETH spot ETFs, indicating market sentiment was in the "extreme fear" range. Overall, the crypto market capitalization declined for the week, with most mainstream assets weakening.

At the industry level, traditional derivatives trading institutions are advancing longer-term cryptocurrency product trading arrangements, and market infrastructure is evolving towards higher-frequency and more continuous trading mechanisms. Some mining and computing power-related companies are accelerating their expansion into diversified businesses such as AI and data centers, reflecting a trend of reallocation of computing resources. Meanwhile, sports and prediction-related sectors are attracting new rounds of capital attention. In terms of venture capital, seven deals were disclosed last week, raising approximately $104.5 million, a significant decrease from the previous week. Funds mainly flowed into social and infrastructure sectors, with infrastructure projects accounting for more than half of the deals. Overall, against a backdrop of weak market sentiment, capital allocation is becoming more structural and cautious.