Middle East energy supply risks pushed oil prices and inflation expectations higher, with Brent crude briefly breaking above $100 and the 10-year U.S. Treasury yield climbing to around 4.70%, weighing on growth stocks as the NASDAQ fell roughly 2.1% for the week. The crypto market proved relatively resilient, with BTC consolidating at highs and ETH showing stronger performance supported by fund rotation. BTC spot ETFs saw weekly net inflows drop to about $34 million, while ETH spot ETFs recorded net inflows for a third consecutive week, signaling a shift toward structural selection by institutional capital.

BTC and ETH rose 1.48% and 3.62% respectively, with ETF flows returning to net inflows overall, and ETH seeing more pronounced capital回流. Gate TradFi weekly trading volume recovered to approximately $90 billion, with both US equities and ETF allocation ratios rising in tandem. Robinhood Chain has shifted market attention from Solana Meme toward the "RWA + Tokenized Stocks + Meme" narrative.

The crypto market continues its volatile recovery, with BTC and ETH posting slight gains while ETF flows have turned from net outflows to net inflows. Gate Stocks' trading structure continues to diversify, with Korean stocks quickly becoming the dominant trading volume. The Robinhood Chain Meme narrative has driven a significant surge in Uniswap trading volume. Ethereum ecosystem protocols such as Lido and Aave continue to benefit from RWA, stablecoin, and institutional capital inflows.

Throughout June, global capital markets shifted repeatedly between high interest rate constraints, easing geopolitical tensions, and cooling risk appetite, resulting in a landscape defined by intensifying volatility and structural divergence. U.S. equities moved from the unilateral rally driven by the AI narrative to a high-level rebalancing phase, with AI leaders and semiconductor stocks experiencing notable pullbacks while defensive assets like healthcare outperformed. Institutional capital increasingly favored reducing exposure to high-volatility positions and allocating toward assets with more reasonable valuations and stronger earnings certainty. Against this backdrop, Gate emerged as the largest weekly distribution channel for Polymarket Builders.

As ETFs, RWAs, and institutional capital continue to flow in, crypto assets are gradually integrating into the traditional financial system. Wall Street is not unilaterally "taking over" crypto; rather, it is forming a two-way integration with the crypto ecosystem. Gate and Robinhood represent two development paths heading in opposite directions, yet converging towards the same ultimate goal: creating a unified, comprehensive financial account. RWAs and tokenized U.S. Treasuries are becoming the essential asset-layer infrastructure connecting TradFi and Crypto.

In June 2026, the crypto market failed to sustain the restorative rebound seen in May, with BTC and ETH posting monthly declines exceeding 20%, while mainstream assets such as BNB, XRP, DOGE, and ADA also faced simultaneous pressure. Among the Top 500 tokens, 70.99% recorded losses. The average decline for the Top 1–100 was -8.35%, and for the Top 401–500, it was -11.09%.

The crypto market continued its weak correction in June, with BTC and ETH rapidly declining at the beginning of the month before entering a low-level recovery. A mid-month rebound failed to reopen upward momentum, and prices fell again at the end of the month, with the overall market's price center continuing to shift downwards. Open interest in the futures market decreased persistently, long liquidations were significantly higher than short liquidations, and funding rates remained generally neutral, indicating that the price decline primarily reflected spot selling pressure and a simultaneous weakening of risk appetite. The market frequently transitioned from narrow-range consolidation to directional expansion, making it more suitable for trend-following and breakout confirmation strategies.

The easing of tensions in the Middle East has driven a decline in crude oil, with the market’s trading logic shifting towards “Fed maintaining higher rates for longer.” The NASDAQ fell approximately 3.3%, while BTC and ETH saw declines of about 6.9% and 9%, respectively; BTC and ETH spot ETFs experienced significant net outflows. On-chain capital continues to concentrate on high-turnover trading scenarios, with PumpSwap being the biggest incremental driver this week. DeFi liquidity maintains a defensive posture, with stablecoins, LSTs, and the lending market generally adopting a cautious stance.

Crypto Market Risk Appetite Recovers, BTC Up ~6.8% Weekly, ETH Up ~12.2% Weekly; Gate TradFi Weekly Trading Volume Maintains High Level of ~$85 Billion, US Stock Trading Volume Rises for Five Consecutive Weeks, Hitting a New High. DEX Trading Structure Continues to Diverge, Uniswap and PancakeSwap Volumes Decline, While PumpSwap Maintains High Growth. The LST Sector Recovers in Tandem, with ETH and SOL Staked Assets Rebounding Alongside Improved Risk Appetite.

Last week, global markets traded around hawkish signals from the Federal Reserve, with both BTC and ETH falling over 4%. The overall trend of ETF fund outflows remained unchanged, Gate TradFi Perp trading stayed active, and coverage of US stock assets continued to expand; DEX trading volumes showed divergence, with Uniswap slightly overtaking PancakeSwap while trading activity on the Solana ecosystem picked up; there was no significant new USD inflows in stablecoin supply, with funds primarily rotating among existing holdings.

Last week, BTC, ETH, and the overall crypto market experienced a "first decline, then recovery" reversal; ETF fund flows showed significant improvement. Over the past week, Gate TradFi Perp's daily trading volume broke through $500 million multiple times, with stock trading volume占比 increasing significantly compared to the previous period. DEX trading volumes generally declined from the prior week; the LST sector rebounded alongside the price recovery of ETH and SOL; Aave's lending scale stopped declining and recovered, borrowing rates remained low, and USDC capital pressure eased.

In May, the global capital market continued its overall recovery. The U.S. stock market rose steadily, driven by the AI narrative, corporate earnings resilience, and improving risk appetite, with the technology and semiconductor sectors performing particularly well. Meanwhile, structural market divergence remained evident, with capital flowing increasingly towards core assets supported by deterministic growth and genuine earnings performance. Against this backdrop, Gate officially launched real stock trading services, further bridging the allocation channels between crypto assets and traditional financial markets, providing users with a one-stop multi-asset trading gateway covering crypto assets, U.S. stocks, and ETFs.

Last week, the global macro market underwent a dramatic shift from "rising sentiment" to "rapid reversal." Bitcoin fell approximately 15% weekly, while Ethereum dropped around 22%. The asset count on Gate's US stock trading platform expanded rapidly after its launch. DEX trading warmed up noticeably, with trading volumes increasing across mainstream protocols like Uniswap, PancakeSwap, and Aerodrome; the LST sector experienced a general decline, Aave's lending scale continued to decrease, and new demand was primarily flowing to emerging ecosystems like MegaETH.

市场重新定价 Fed 加息预期，加密市场持续承压，BTC 周跌约 4.3%，ETH 周跌约 4.8%；全球加密 ETP 连续两周净流出，累计流出达 25.4 亿美元。Gate 正式推出股票交易服务，支持超过 10,000 支美股及 ETF。PancakeSwap 交易量反超 Uniswap。LST 板块降温，SOL 生态表现相对稳健。

Over the past week, the market continued to fluctuate around US-Iran negotiations and expectations of Fed policy. Expectations of geopolitical easing once pressured oil prices lower, but US Treasury yields rose to around 4.56%, US stocks showed divergent upward trends, while the crypto market remained relatively weak. BTC ETFs saw a net outflow of approximately $1.256 billion for the week, and ETH ETFs saw a net outflow of approximately $216 million, with institutional capital maintaining a cautious allocation.