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TigerResearch “Asia Web3 Market Lacks Mass Market Services, but Foundation is Being Built”

TigerResearch, a research and consulting firm specializing in Web3 in Asia, has released a report titled “Asia Web3 Market Trends: Q3 2024 Review”, a report titled ‘Asia Web3 Market Trends’. “Asia's Web3 market is booming. This is driven by a young, tech-savvy population and strong government and corporate support. South Korea, Japan, and Vietnam are leading the way. Regulatory changes are also taking place. Countries like South Korea, Indonesia, and Thailand are creating new regulatory frameworks to support blockchain innovation. These countries are encouraging various initiatives such as RWA and DeFi through their sandbox systems.” The report covers new regulatory frameworks, government-led initiatives, enterprise-driven markets, and emerging markets to watch.

Crypto 'Fear-Greed Index' 32...Fear persists, with nearly $1.1 billion in options expiring today.

Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell seven points from the previous day to 32. The fear phase persists due to deteriorating sentiment. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme optimism.

blockchain crypto cryptocurrency bitcoin price upside left according MVRV ratio (SpotedCrypto)

BTC's MVRV ratio below previous bull market cycle peaks... plenty of upside left

“BTC's short-term investor MVRV (realized value to market value) ratio peaked at 2.64 this year, below the previous cycle highs of 4.35 (2017 peak) and 3.7 (2021 peak),” said CryptoBasic, citing data from crypto market data analytics platform Into the Block. The on-chain data suggests

blockchain crypto cryptocurrency fear greed index 41 BTC 60K (SpotedCrypto)

Crypto 'Fear-Greed Index' 41...Fear persists, BTC 60K at stake.

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 41. Confidence has improved but remains in the fear phase. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme

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