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BTC $70,745.34 -1.31%
ETH $2,183.92 -1.50%
BNB $596.54 +0.39%
XRP $1.33 -0.26%
SOL $81.98 -0.30%
TRX $0.3217 +0.41%
DOGE $0.0909 -0.53%
ADA $0.2382 -1.08%
BCH $424.73 -0.24%
LINK $8.73 -0.83%
HYPE $41.22 +0.91%
AAVE $94.94 +5.66%
SUI $0.9007 -1.24%
XLM $0.1507 -0.63%
ZEC $358.13 -2.16%

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Gold and silver have pulled back from their highs, with increased volatility in Gate XAUT and XAG contract trading

The metal market has seen a short-term pullback. Among them, international gold (XAUT) reached a high of $4,713.3 and a low of $4,621.1 within 24 hours; international silver (XAG) reached a high of $75.73 and a low of $72.79 within 24 hours. As prices broke through key ranges, market risk aversion sentiment marginally receded, significantly amplifying short-term volatility.According to CoinGlass data, Gate's metal contract trading and positions are actively synchronized. Currently, the position size of XAUT is $42.7135 million; the 24-hour contract trading volume of XAG reached $60.4477 million, a substantial increase of 1640.73% compared to the previous period. Against the backdrop of severe market fluctuations, the competition between bulls and bears has intensified, driving a rapid increase in trading activity.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate's contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core targets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.

Varys Capital's venture capital director: There may be fewer than 20 VCs in the industry that are truly still making seed round investments

Varys Capital's head of venture capital, Tom Dunleavy, posted on X that the financing environment in the cryptocurrency market has changed dramatically over the past six months. Previously, VCs had to constantly network, write content, appear on podcasts, participate in Spaces, promote their investment logic, and make countless calls every week to invest in good projects... But now, as long as there is money to spend, that's enough. Current projects are being "pushed in front of VCs," without VCs having to actively dig for them; as long as others know you have funds, projects will come knocking.Most VC firms are now in one of the following three states: they are out of money, they are shifting to later stages (Series A and beyond), or they are fundraising (but not smoothly). Fundraising that used to take 2-3 weeks now often drags on for 2-3 months. Projects with questionable business models or those that simply replicate the latest hot narratives can no longer secure new funding or follow-on investments (which is a good thing).Currently, there may be fewer than 20 firms that are still making pre-seed/seed investments. VCs can basically choose the projects they want to invest in at their leisure and have more time to conduct due diligence. The investment cycle in 2025 and 2026 is likely to become a historically significant "golden opportunity," but the premise is that VCs can hold on.
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