Gate Ventures: BTC and ETH lead the market recovery, on-chain activity and investment rebound.

PANews reported on January 20th that, according to Gate Ventures' latest weekly crypto report, the crypto market saw a slight overall recovery over the past week, with BTC and ETH rising by 3.04% and 5.29% respectively, driving a 2.24% increase in the total market capitalization of crypto assets. ETF inflows remained a significant supporting factor for the market, with BTC and ETH ETFs recording net inflows of approximately $1.42 billion and $479 million respectively. Market sentiment improved somewhat, rising from 27 to 44, but remains in the "fear" zone. Overall gains were mainly concentrated in mainstream assets, and the market structure remains divergent.

On-chain and industry-level activities continued to advance in areas such as payment infrastructure, staking participation, and venture capital. In the payments sector, WalletConnect Pay partnered with Ingenico to enable stablecoin payments at offline retail terminals globally; Polygon acquired Coinme and Sequence to build a compliant, integrated on-chain payment system, further expanding the application of crypto assets in real-world scenarios. At the network level, driven by a surge in BitMine staking activity, the length of the Ethereum validator queue reached a new high since 2023, reflecting a rebound in staking demand and increased network participation. Regarding investment and financing, 14 transactions were completed last week, with disclosed total financing amounting to approximately $289 million, an increase of about 5% from the previous week. Funds were mainly concentrated in infrastructure and DeFi-related sectors, indicating that despite a still cautious market sentiment, capital allocation remained structurally active.