Gate Ventures: The market has entered a structural repair phase, and capital inflows are focusing on leading assets and infrastructure sectors.

According to the latest weekly report from Gate Ventures, global stock markets have seen a significant style shift, with funds rotating from growth sectors to value and defensive assets. The Dow Jones Industrial Average rose 2.22%, and labor market data remained resilient. Macroeconomic indicators showed divergence, with the composite PMI preliminary reading rising to a two-year high of 54.4. However, input cost pressures persist, coupled with the continued impact of high interest rates on real estate activity, resulting in a structural state of expansion and pressure on the overall economy. The crypto market saw a slight pullback, with BTC down 0.5% and ETH down 1.6%; total market capitalization declined by 0.4%, unchanged from the previous week, indicating a moderate recovery in market sentiment. At the asset and sector level, the top 30 assets rose by an average of 4.2%, with HYPE and ZEC leading the way, driven by factors such as ecosystem expansion, improved liquidity, and easing regulatory uncertainty, respectively. In terms of industry dynamics, on-chain infrastructure and compliance processes continue to advance, with active financing and product iterations in areas such as prediction markets, on-chain derivatives, and payment networks. In terms of investment and financing, 24 deals were completed last week, with a total disclosed financing amount of approximately $532.6 million. Infrastructure and DeFi were the main sectors receiving funding, with Kalshi raising $200 million in a single round. Additionally, Variational completed a $50 million Series A funding round, and AEON completed an $8 million pre-seed funding round. Infrastructure and social blockchains recorded 12 and 6 deals respectively. Overall, against the backdrop of macroeconomic volatility and market differentiation, capital allocation continues its trend of concentrating on long-term infrastructure and real-world application scenarios.