Gate Ventures: BTC and ETH experience significant pullbacks, while investment and financing activity rises against the trend

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.