Cryptocurrency Sentiment Improves, Expecting the Market to Returnđ
In Crypto, the macro sentiment continues to be improving as well. HSBC announced that they will be offering an institutional custody solution for tokenized securities in partnership with Metaco in 2024. The service will be in addition to the firm's recent efforts to hold tokenized gold, and joins JPM and Euroclear in their respective initiatives on settlement and digital security issuance.Furthermore, WSJ reported that a company run by the former NYSE President is one of the three leading parties looking to purchase and restart FTX 2.0, after vetting out supposed bidding interest from over 70 parties. With expectations for the BTC ETF approval starting to hit a crescendo, Bitcoin futures open interest on CME has hit a record high, while overall BTC future interests have also hit nearly 2 year highs across all exchanges.With DeFi coins up 70% in the past month and a bit, BTC holding its gains, and mainstream narrative continuing to thaw, are we finally back? Let's keep our fingers crossed...
