CoinShares CEO Jean-Marie Monetti cautioned that the latest crypto-market rebound is lifting small projects without meaningful real-world use. He said market sentiment had been at its weakest levels in recent years until a month ago, while more than 100 crypto projects had closed, filed for bankruptcy or disappeared since the start of 2026. Monetti said improved macroeconomic and policy conditions could benefit Bitcoin and other major assets, but argued that tokens with genuine demand represent only part of the market. Actual usage and long-term sustainability remain important measures, according to his assessment.