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Given what happened with FTX exchange recent insolvency issues (discussed more below), we have downgraded the FTT token from a Neutral rating to a Deficient rating and Solana (SOL) has been immediately downgraded to a Neutral rating. However, Q3 showed resiliency as crypto returns turned positive despite persistent macro headwinds that continued to pressure traditional assets. There has also been some movement in the regulatory landscape in Europe, as well. 

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