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Synbo Research
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Synbo Research是专注 Web3 一级市场赛道的垂直投研内容 IP。团队聚焦早期项目尽调、投融资数据盘点、细分赛道趋势研判与行业政策解析，常态化输出深度研报、项目测评与产业复盘。
Here is the English translation of your input, following all specified rules. **Output:** Crypto Primary Market Investment & Financing Forward-looking Weekly Report | Stablecoin Regulation Nears Landing, ETF Funds Continuously Withdraw, Capital Begins Betting on Payments and Cash Flow
In the past week, a very noteworthy phenomenon has emerged in the crypto market: Risk capital is withdrawing, but on-chain funds have not left the market.
2026-06-11
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