#crypto-market

#crypto-market

In the current environment, ETH benefits from its use for RWA's, backed by the biggest institutions on Earth. With the SEC Chair Atkins being a massive proponent of bringing financial markets on chain, Ethereum is best positioned to be the home of financial markets with its robust infrastructure and liquidity. Combined with the backing of DAT's buying mass amounts of ETH, one would figure we would be seeing better price action going into the end of the year.

Bitwise CIO Matt Hougan says the crypto market may be nearing a turning point as retail exhaustion deepens and institutional demand quietly builds. Appearing on CNBC, Hougan - who oversees $12 billion in assets at Bitwise - said retail sentiment is at "maximum desperation" following months of liquidations, leverage blowouts, and yield protocol failures. "It's hard to find a crypto native investor who still has much enthusiasm," he said. "That market is close to a bottom."

Blockchain lender Figure Technology is the latest crypto company to go public. On Thursday, Figure debuted on the Nasdaq after raising $787.5 million in its IPO. The company's shares listed at $25 but soared almost 30% to trade at $32 Thursday afternoon. That means the company, whose ticker is FIGR, is trading at about a $6 billion valuation. Founded in 2018, Figure's business centers around putting mortgages on the blockchain, which the company says speeds up the granting and funding of home loans.

The Crypto Fear and Greed Index is widely regarded as overhyped, often misused by traders who rely on emotional market signals rather than concrete data.

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