Gate Ventures: Markets remain volatile, institutional and infrastructure dynamics continue to evolve.
PANews reported on March 31 that, according to Gate Ventures' latest weekly crypto report, the crypto market continued its volatile trend over the past week, with BTC and ETH falling by 2.7% and 3.4%, respectively. Funding dynamics shifted, with BTC and ETH spot ETFs recording net outflows of approximately $296 million and $207 million, respectively, after previous continuous inflows. Overall, the total market capitalization of crypto assets declined slightly, and market sentiment remained in the "extreme fear" range. In terms of the macro environment, robust manufacturing data, high interest rate expectations, and energy-related uncertainties led to a temporary contraction in market risk appetite.
In terms of industry and institutional dynamics, the integration of traditional finance and digital assets continues to deepen. OnePay, a payment platform backed by Walmart, expanded its support for crypto assets, demonstrating that consumer finance gateways are accelerating their integration with digital asset services. BNP Paribas expanded the distribution of crypto-related ETN products in Europe, pushing compliant channels to reach the retail market. Tether advanced the first full audit of USDT. Meanwhile, Intercontinental Exchange invested $600 million in prediction market platform Polymarket. Last week, a total of 15 investment and financing transactions were completed, disclosing a total financing amount of approximately $732 million, with infrastructure accounting for about 67%, indicating that funds continue to concentrate on underlying capabilities and transaction structures.
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