FTX Fallout Isn't Over, Says Coinshares' Demirors

The video discusses the ongoing impact of the FTX and Three Arrows fallout on the crypto market, highlighting the credit crunch and asset sales. It addresses the reputational damage to the industry and the uncertain market sentiment for 2023. The involvement of traditional Wall Street firms in the crypto space is explored, noting a slow institutional adoption. The video also covers M&A activities, focusing on the value of intellectual property and client bases in crypto businesses, and the potential for talent acquisition through Aqua hiring.

What factors are influencing market sentiment going into 2023 as discussed in the text?

What opportunities does the text mention for firms in the current crypto environment?