Gate Ventures: Market consolidation and institutional infrastructure deployment continue.

PANews reported on March 11th that, according to Gate Ventures' latest weekly crypto report, the crypto market remained volatile and consolidating over the past week, with BTC and ETH essentially flat, rising slightly by 0.3% and falling slightly by 0.1%, respectively. In terms of fund flows, the BTC spot ETF recorded a net inflow of approximately $568 million, while the ETH ETF saw a net outflow of approximately $82.85 million. Overall, the total market capitalization of crypto assets remained largely unchanged, but the top 30 tokens by market capitalization saw an average decline of about 1.2%, indicating that market sentiment remains in the "extreme fear" range.

In terms of industry and institutional dynamics, cooperation between traditional financial institutions and digital asset infrastructure continues to deepen. SoFi and BitGo are collaborating to advance infrastructure for banks to issue stablecoins. Regarding investment and financing, nine transactions were completed last week, with a total disclosed financing amount of approximately $127.5 million, a 67% increase week-over-week, of which the infrastructure sector accounted for approximately 89%. Overall, against the backdrop of macroeconomic uncertainty, funds and institutional resources continue to concentrate on digital asset infrastructure and on-chain financial applications.

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Author: PA一线

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