Overall market capitalization increased 5.2%, while market cap excluding BTC and ETH grew 2.6%, suggesting upward momentum is beginning to spread to a broader range of assets, though at a relatively moderate pace. The top 30 assets posted an average gain of 4.2%. On-chain and industry developments continue to progress, including ongoing evolution in digital currency infrastructure and asset tokenization.
Venture funding activity accelerated, with 12 deals completed last week disclosing a combined $54.89 million in financing, up approximately 31% from the previous week. Capital flowed primarily to DeFi and infrastructure sectors. Notable transactions include JPYC's $17.62 million raise to advance yen stablecoin infrastructure, and 3F's $4 million seed round with investors including Gate Ventures. Against the backdrop of marginal macroeconomic improvement, venture activity is rebounding, with capital focused on long-term application scenarios and foundational capability building despite market volatility.