Gate Ventures: Market sentiment remains weak, with stablecoin payments and RWA infrastructure development accelerating.

Mars Finance News: According to Gate Ventures’ latest weekly report, market risk appetite remains under continued pressure, and the overall crypto market has pulled back. BTC fell 3.7% week over week, ETH declined 1.2% week over week, the total market capitalization of cryptocurrencies dropped 3.1%, and the Fear and Greed Index stayed in the “Extreme Fear” range. In terms of liquidity, digital asset investment products have continued to record net outflows. Specifically, spot BTC ETFs saw a weekly net outflow of $226.8 million; spot ETH ETFs recorded a weekly net outflow of $10 million, reflecting that the market’s wait-and-see sentiment is still ongoing. Meanwhile, Strategy’s STRC has been trading below par value for the fifth consecutive week, and the market continues to closely monitor its subsequent capital operations and the space for yield adjustments.

In terms of industry development, stablecoin payments and RWA infrastructure development continue to advance. Trace Finance completed a $32 million funding round to expand its compliant stablecoin payments network and cross-border settlement infrastructure. Philippine regulators have issued positive signals in support of RWA tokenization development, and related explorations are further deepening. On the investment and financing front, a total of 4 financing transactions were disclosed last week, with the total funding amounting to $39.5 million, of which funding in the DeFi sector accounted for the dominant share. Overall, although the market is still in a short-term adjustment phase, stablecoin payments, RWA, and the development of underlying infrastructure remain important areas that the industry continues to focus on.