PANews reported on April 8th that, according to Gate Ventures' latest weekly report, the market maintained a volatile pattern this week amid multiple macroeconomic variables. BTC and ETH rose by 4.6% and 6.4% respectively, but market sentiment remained in the "extreme fear" range. On the macro level, better-than-expected employment data coupled with a temporary easing of tensions in the Middle East drove a rebound in risk assets; energy price volatility intensified, with WTI crude oil rising by 11.41% last week. Inflationary pressures and geopolitical risks remain the core variables.
At the industry level, Circle launched cirBTC to enter the institutional-grade Bitcoin infrastructure market, promoting the expansion of BTC applications in DeFi scenarios; the x402 Foundation received support from several tech giants, accelerating the standardization process of AI payments. Meanwhile, Better Money completed its funding round, with stablecoin clearing and cross-chain liquidity issues becoming key concerns.
In terms of investment and financing, the total amount of financing disclosed last week was approximately US$30.4 million, a significant decrease compared to the previous week, indicating that the market as a whole has entered a period of contraction. However, funds are still concentrated in the infrastructure sector. Overall, against the backdrop of increased macroeconomic uncertainty and market volatility, the industry is under short-term pressure, but the core tracks surrounding infrastructure and institutional services are still progressing steadily.
