Gate Ventures: Inflationary pressures impact the market, prompting institutions to accelerate their deployment of stablecoins and on-chain financial infrastructure.

According to a recent weekly report from Gate Ventures, global markets were significantly pressured last week by rising inflation data and energy prices. While the S&P 500 index broke through 7,500 points for the first time, it subsequently fell back due to both CPI and PPI data exceeding expectations, with the market beginning to price in potential interest rate hikes. Against this backdrop, the crypto market weakened in tandem, with BTC falling 8.1% and ETH falling 10.2% last week. The spot BTC ETF recorded a net outflow of $1 billion, and market sentiment returned to "fear" territory. At the industry level, institutions continued to accelerate their deployment of stablecoins and on-chain financial infrastructure. JPMorgan is advancing a tokenized money market fund for stablecoin issuers; DTCC will use Chainlink to build an all-weather collateral management network; and Hana Bank acquired a stake in Dunamu, the operator of Upbit, for $670 million, further demonstrating that traditional financial institutions are accelerating their penetration into the crypto infrastructure field. In terms of investment and financing, 14 financing deals were completed last week, totaling $1.113 billion. The infrastructure sector accounted for over $1 billion, dominating the market. Blockchain analytics company Elliptic completed a $120 million funding round, with participation from Deutsche Bank and Nasdaq; Bitcoin custody platform Onramp also completed a $12.5 million Series A funding round, continuing to expand its institutional-grade custody infrastructure. Overall, against the backdrop of rising macroeconomic uncertainty, market funds continue to concentrate on compliance, custody, and institutional-grade services.