Gate Ventures: The market experiences a cyclical rebound, but divergence continues; capital flows back and structural repair proceed simultaneously

Mars Finance News: According to Gate Ventures’ latest weekly report, the macroeconomic risk phase has eased temporarily, driving the market higher. Last week, the S&P 500 rose by 3.48%, the Nasdaq increased by 4.12%, and WTI crude oil declined by over 14% in a single week. The crypto market also experienced a recovery, with BTC up 2.5% and ETH up 3.9%, accompanied by net inflows into spot ETF funds, with approximately $786 million into BTC and about $187 million into ETH. However, market sentiment remains in the “extreme fear” zone, and capital inflow pace is relatively cautious.

In terms of asset and industry dynamics, structural opportunities continue to emerge. Benefiting from network performance upgrades that improve fundamentals, TON increased by 15.9%. Meanwhile, the Hong Kong Monetary Authority issued the first stablecoin licenses to Anchorpoint and HSBC, marking the official implementation of a compliant digital currency framework.

On the financing front, activity remains relatively active, with a total of 11 deals completed last week, disclosing approximately $73.7 million in funding, a significant rebound compared to the previous week. The funds mainly flowed into infrastructure and early-stage innovation sectors. Overall, while the market has experienced a phase of recovery, structural differentiation persists, and capital and narratives are gradually focusing on assets with solid fundamentals and regulatory compliance support.