The Crypto Fear & Greed Index remained at 26 on Wednesday, after rising to 28, a day earlier, ending the indicators’ 48-day stretch in the “extreme fear” zone.The Crypto Fear & Greed index tracks market sentiment using volatility, momentum, volume, and social data. Any reading below 25 signals extreme fear, while higher values reflect an improving risk appetite.Crypto Fear & Greed Index. Source: alternative.meThe index reading points to an improvement in market sentiment this week, marking its first exit from extreme fear in over six weeks.The move coincides with a recovery in the total crypto market capitalization, which has added…

The Bank of Korea and nine commercial lenders began phase two of a digital won pilot, testing bank-issued deposit tokens backed by central bank infrastructure to determine whether the system can support government subsidy payments and consume transfers and payments nationwide.The second phase of Project Hangang adds two banks, Kyongnam Bank and iM Bank, to the program’s original seven. The institutions will now begin large-scale testing of the won-pegged deposit tokens built on a wholesale central bank digital currency (CBDC) layer, several local news outlets reported.“Participating banks are actively securing diverse use cases, such as large businesses and small merchants…

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