Gate Ventures: Opportunities and innovation remain amid market correction; funding surpasses $1.4 billion last week.

PANews reported on November 25th that, according to Gate Ventures' latest weekly crypto report, the crypto market experienced an overall correction over the past week, with BTC and ETH falling by 7.88% and 9.44% respectively, while both saw continued ETF outflows. Market indicators show cautious investor sentiment, with the Fear & Greed Index remaining in the "extreme fear" range, and the ETH/BTC ratio continuing to decline. The total market capitalization of the entire crypto market decreased by 7.48%, with assets outside the top ten experiencing even larger declines, indicating significant pressure on altcoins. However, despite the overall market softening, several ecosystem updates attracted industry attention, and some of the top 30 assets still recorded gains.

In terms of industry innovation, the Ethereum Foundation launched the Interop Layer, designed to improve L2 network interoperability; meanwhile, multiple teams launched new products such as savings applications, compliant liquidity solutions, and infrastructure upgrades. Venture capital activity remained active, with 20 deals disclosed last week covering areas such as data, infrastructure, DeFi, and GameFi, raising a total of $1.41 billion.