According to CoinMeta, the latest weekly report from Gate Ventures shows that global risky assets have significantly recovered over the past week. Major U.S. stock indices have all set new record highs, with the S&P 500, NASDAQ, and Dow Jones rising by 3.58%, 5.19%, and 2.96% respectively. The crypto market also made a comeback, with BTC up 2.1% and ETH up 1.4% for the week, resulting in a 1.4% increase in total market value. In terms of capital flow, BTC spot ETF saw a net inflow of $853 million in a single week, while ETH spot ETF had a net inflow of $244.9 million, indicating an improvement in institutional demand. In terms of industry development, BlackRock has appointed JPMorgan Chase to advance the tokenization of European money market funds, and Grayscale submitted the registration prospectus for its first Worldcoin ETF S-1, further deepening the connection between digital assets and traditional financial markets. Stablecoin infrastructure has been active, with Yellow Card completing a $40 million financing round and planning to expand into Latin American and Asia-Pacific markets. Overall, market risk appetite has improved, and institutional-level blockchain infrastructure, stablecoins, and asset tokenization remain key areas of focus for the industry.