Gate Ventures: Stock indices hit new highs while policy divergences emerge, increasing market uncertainty.

According to Gate Ventures' latest weekly report, global markets performed steadily overall, but inflationary pressures and policy disagreements rose simultaneously. The S&P 500 surpassed 7200 points for the first time. The Fed maintained its interest rate policy but significant disagreements emerged, coupled with sharp fluctuations in oil prices due to the Hormuz supply shock, reinforcing market expectations of stagflation. Against this backdrop, the crypto market maintained a generally volatile pattern, with BTC essentially trading sideways, ETH experiencing a slight pullback, and ETF funds showing divergence, indicating that market sentiment remained cautious. At the industry level, the CLARITY Act clarified the boundaries of stablecoin yields, further promoting a clearer regulatory framework; EURC saw rapid growth in Spanish retail payments, reflecting the localization of stablecoin applications; and the Solana ecosystem's advancement of the post-quantum signature solution Falcon showed that the industry is strengthening its forward-looking approach to long-term security. In terms of investment and financing, 15 funding rounds were completed this week, totaling $167 million, a 205% increase compared to the previous week, with the infrastructure sector still dominating. Among these, Four Pillars completed its Series A funding round to strengthen its institutional-grade research and infrastructure capabilities; Belo received $14 million in funding led by Tether to accelerate the expansion of its stablecoin payment network in Latin America. Overall, capital is continuing to concentrate on infrastructure and cross-asset platforms, driving the industry towards institutionalization and multi-asset integration.