A certain exchange Ventures: BTC and ETH continue their recovery trend, while on-chain liquidation infrastructure attracts capital attention

According to the latest weekly report from a fund under a certain exchange, due to the adjustment of technology stocks, volatility in the energy market, and changes in macroeconomic expectations, global risk assets have come under pressure, and the crypto market has shown a volatile recovery trend. BTC rose by 1.1% this week, ETH increased by 4.4%, pushing up the ETH/BTC ratio by 2.2%, and the total cryptocurrency market capitalization increased by 1.03%. On the funding side, spot BTC ETFs saw net inflows of only $33.8 million for the week, the lowest level since their launch; during the same period, spot ETH ETFs had net inflows of $103.9 million. Market sentiment improved somewhat, with the Fear and Greed Index rising to 30, but still remaining in the "fear" zone. Meanwhile, the price of STRC under Strategy remained around $86, trading below its par value for the ninth consecutive week, while the proportion of institutional holdings continued to rise. The market is watching its subsequent performance.

In industry developments, stablecoin payments and blockchain financial infrastructure construction continue to progress. KB Kookmin Bank is collaborating with Kinexys under JPMorgan to explore blockchain-based cross-border payment services, further advancing traditional financial institutions' deployments in on-chain payment scenarios; Kakao and Circle are exploring stablecoin payment infrastructure for South Korean won, accelerating the use of stablecoins in retail payments and cross-border settlement. In terms of investment and financing, there were 8 financing deals last week, with a disclosed total of $196.5 million, among which the infrastructure track saw the largest financing scale at $193 million. Stablecoin clearing infrastructure project Augustus completed a $180 million fundraise. Overall, in the short term, market risk appetite remains cautious, but stablecoin payments, on-chain clearing, and financial infrastructure construction continue to attract capital attention.