Gate Ventures: Macroeconomic resilience remains, but risks are gradually shifting towards structural levels.

PANews reported on December 31st that, according to Gate Ventures' latest crypto weekly report, global markets maintained apparent stability at the end of the year, but underlying risks are gradually shifting to the structural level. The energy sector has contracted for two consecutive quarters, coupled with policy uncertainty and slowing capital expenditure, increasing the likelihood of future supply constraints and price volatility. With stock indices still at high levels and AI-driven growth expectations remaining unshaken, the market is more likely to face adjustments in valuation and pace than a trend reversal, leading to a more cautious and stratified allocation of funds.

The digital asset market continued its volatile pattern. BTC and ETH showed weakness, and ETF outflows and sentiment indicators remained low, but the overall market capitalization did not experience a systemic decline. Structurally, funds are moving from leading assets to non-mainstream sectors, indicating significant market differentiation. This reflects that investors, while maintaining manageable risk, are still seeking relative return opportunities rather than fully embracing risk aversion.

In venture capital, the nine funding rounds disclosed this week totaled approximately $296 million, a slight decrease from the previous week. Funding was primarily concentrated in infrastructure and compliance-related sectors, indicating that institutions are more cautious towards the end of the year, favoring tracks with long-term expansion potential and compliance guarantees. Gate Ventures believes that in an environment of both macroeconomic and market volatility, venture capital activity is returning to a more rational pace, laying the foundation for a structural recovery in early 2026.