#GateVentures Weekly Highlights

The U.S. government shutdown deadline is approaching, raising risks for near-term GDP and delaying critical data releases.

Key data in focus this week: ISM Manufacturing & Services PMI, factory orders, and employment reports.

Market Performance

Bitcoin (BTC): -2.7% weighed down by ETF outflows.

Ethereum (ETH): -6.9% sharper pullback amid selling pressure.

Altcoins: ~ -4% optimism around “altcoin season” fades.

Outperformer: MNT +14.9% bucked the trend with strong momentum.

New Launch: Plasma (XPL) rallied from $0.72 → $1.69, boosted by community airdrops & Tier-1 exchange listings (Binance, Upbit).

Innovation & Institutional Moves

Cloudflare unveiled NET Dollar as a payment rail for the AI-driven “agentic web.”

CleanSpark secured a $100M Bitcoin-backed credit line from Coinbase Prime to expand mining operations.

GSR filed for a Digital Asset Treasury Companies ETF, tapping into a $20B+ DAT funding wave.

Key Takeaway

Despite short-term volatility, adoption and institutional momentum remain strong. Investors should watch not only price movements but also infrastructure projects like XPL and new products such as the DAT ETF early indicators of where smart capital is flowing.

📖 Full recap: Read here
🔗 More insights: Gate Ventures