The crypto market is sending mixed signals right now. ICO fatigue is hitting hard—fresh fundraising rounds need serious substance beyond marketing buzz to gain traction. Meanwhile, something bigger is brewing: traditional finance infrastructure is rapidly bleeding into crypto. We're seeing TradFi perpetual futures and spot ETF filings accelerate this convergence at an unprecedented pace. On the stablecoin front, the ecosystem keeps expanding. Recent rollouts like FRNT and launches such as JupUSD, along with emerging standards like TIP-20, suggest the infrastructure layer is maturing quickly. On another note, buyback programs appear to be moderating, signaling shifts in capital deployment strategies across the sector.