Crypto World News: On February 24, according to the latest crypto weekly report from Gate Ventures, the US dollar index remains relatively high, long-term government bond yields are rising, gold prices hit a monthly high, and the market overall shows signs of increased risk aversion. In the crypto asset sector, last week BTC fell 1.73%, ETH declined 0.42%, but the ETH/BTC ratio slightly rebounded by 1.3% to 0.0287. There was a noticeable outflow of funds, with BTC spot ETF net outflows of $315.86 million and ETH spot ETF net outflows of $123.37 million. Market sentiment is in the “extreme fear” zone. The overall crypto market cap declined week-over-week, with most mainstream assets weakening.
Industry-wise, traditional derivatives trading institutions are pushing for longer-term crypto product trading arrangements, and market infrastructure is evolving toward higher frequency and more continuous trading mechanisms. Some mining and computing power-related companies are accelerating diversification into AI and data centers, reflecting a reallocation of computing resources. Meanwhile, sports and prediction sectors are attracting new capital attention.
In venture capital, seven deals were disclosed last week, totaling approximately $104.5 million, a significant decrease from the previous week. Funds mainly flowed into social and infrastructure projects, with infrastructure projects accounting for over half of the deals in terms of quantity. Overall, under the weak market sentiment, capital allocation is becoming more structured and cautious.
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Gate Ventures: Increased volatility in mainstream assets, continuous development of industry infrastructure
Crypto World News: On February 24, according to the latest crypto weekly report from Gate Ventures, the US dollar index remains relatively high, long-term government bond yields are rising, gold prices hit a monthly high, and the market overall shows signs of increased risk aversion. In the crypto asset sector, last week BTC fell 1.73%, ETH declined 0.42%, but the ETH/BTC ratio slightly rebounded by 1.3% to 0.0287. There was a noticeable outflow of funds, with BTC spot ETF net outflows of $315.86 million and ETH spot ETF net outflows of $123.37 million. Market sentiment is in the “extreme fear” zone. The overall crypto market cap declined week-over-week, with most mainstream assets weakening.
Industry-wise, traditional derivatives trading institutions are pushing for longer-term crypto product trading arrangements, and market infrastructure is evolving toward higher frequency and more continuous trading mechanisms. Some mining and computing power-related companies are accelerating diversification into AI and data centers, reflecting a reallocation of computing resources. Meanwhile, sports and prediction sectors are attracting new capital attention.
In venture capital, seven deals were disclosed last week, totaling approximately $104.5 million, a significant decrease from the previous week. Funds mainly flowed into social and infrastructure projects, with infrastructure projects accounting for over half of the deals in terms of quantity. Overall, under the weak market sentiment, capital allocation is becoming more structured and cautious.