PANews March 4 News, according to the latest crypto weekly report released by Gate Ventures, the overall cryptocurrency market experienced fluctuations and consolidation over the past week. BTC and ETH saw slight price movements, with spot ETF funds still recording net inflows, attracting approximately $787 million and $80.46 million respectively. The top 30 tokens by market cap averaged about a 2.1% increase, and market sentiment remained in the “extreme fear” zone. On the macro level, the US dollar index (DXY) fluctuated between 97.4 and 97.9, gold prices continued to rise, and there was a phase of divergence in cross-asset performance.
In terms of investment and financing, 13 funding transactions were completed last week, with a disclosed total of approximately $76.15 million, a 27% decrease compared to the previous period. Infrastructure projects led the funding scale, with DeFi transactions accounting for about 46%. On the institutional front, several international banks are accelerating their digital asset custody license applications and blockchain payment infrastructure assessments, while stablecoin issuance frameworks continue to be implemented.
The report also pointed out that some large financial institutions are speeding up their deployment in digital asset custody, on-chain payments, and stablecoin issuance frameworks, with ongoing improvements in industry infrastructure and compliance services.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Across's new proposal plans to convert the protocol from a DAO structure to a U.S. C-corp company, allowing ACX holders to choose between equity exchange or token purchase.
Across Community proposed a new plan on March 12th to transform the existing "DAO + Token" structure into a U.S. C-corp company, holding the protocol's intellectual property rights. ACX holders can choose to exchange for equity or sell tokens for USDC at $0.04375 per share, with plans to execute within 6 months.
GateNews15m ago
Optimism's massive layoffs spread across the community! OP drops 55%, concerns arise over the future of the super chain
Ethereum Layer-2 network Optimism is undergoing more than 20% layoffs, according to internal employee discussions on social media. The layoffs involve multiple core departments, and the reasons are unclear, possibly to improve efficiency or respond to market pressures. The OP token has already fallen over 55% this year, and market sentiment remains cautious. The impact of these layoffs on the super chain project remains to be seen; in the short term, Base's operations are unaffected, but long-term development capabilities may face challenges.
MarketWhisper38m ago
Gate Daily (March 12): Wells Fargo submits WFUSD application; Ledger reveals MediaTek chip leak of recovery phrases
Bitcoin temporarily reports $69,980, driven by CPI data. Wells Fargo applies for WFUSD trademark to explore crypto business, Ledger reveals MediaTek chip vulnerability. U.S. stocks mostly close lower as markets focus on Middle East tensions. Investor sentiment remains stable, with overall performance flat.
MarketWhisper54m ago
Data: 87% of the USD1 supply is held on a certain CEX platform
Gate News reports that on March 12th, on-chain analyst Yu Yan's statistics show that in January, USD1 conducted an airdrop on a certain CEX platform, with a USD1 minting volume of $3.1 billion. It has now increased to $4.6 billion, an increase of $1.5 billion. According to the platform's reserve proof data, currently $4 billion worth of USD1 is stored on the platform, accounting for 87% of the total USD1 supply.
GateNews55m ago
Gate News March 12 Highlights: Backpack token TGE date confirmed, Hyperliquid crude oil contract trading volume nearly $1 billion
The March 12 crypto market news includes the Backpack token TGE scheduled for March 23, Across Protocol exploring the exchange of ACX tokens for equity, FDIC Chairman stating that stablecoins will not be covered by deposit insurance, Hyperliquid crude oil contract trading volume nearing $1 billion, and more.
GateNews57m ago
Mega Bank's real-world stablecoin testing sparks controversy! Blockchain experts mock: Nobel Prize-level discussion, Yu Zhe'an and Crypto Editor also responded.
Mega Financial Holding's real-world testing shows that stablecoins have an advantage for small cross-border remittances, but for amounts over $7,000, banks are cheaper, sparking criticism within the blockchain community. Experts point out that the comparison standards are inappropriate, and the experimental design did not consider the true costs and efficiency of stablecoins. Banks should be vigilant about technological developments to avoid missing transformation opportunities.
CryptoCity1h ago
