Brett Harrison has returned to the crypto and trading space with the launch of AX on Oct. 29, a new exchange focused on perpetual futures for non-crypto assets. This move comes three years after the FTX collapse, where Harrison served as US president but resigned before the scandal unfolded. AX, by Architect Financial Technologies, offers perpetual contracts on foreign currencies, single stocks, ETFs, interest rates, metals, and energy. Based in Bermuda and regulated under the Monetary Authority’s Investm ...

Core Insights - Zcash (ZEC) is showing signs of entering an extreme bubble phase, with current trading metrics surpassing those recorded during its 2021 bull run peak [1][4] - The CEO of CryptoQuant warns retail investors about the risks associated with buying ZEC at this time, indicating that the market may be nearing a collapse similar to that of 2021 [1][4] Trading Volume and Market Dynamics - The analysis highlights a Distribution Phase characterized by high trading volume but slow price appreciation, indicating new investors are entering the market and seasoned holders are selling [2] - A significant turnover period was observed in the first half of 2021, leading to a price surge towards $300 per coin, followed by a market-wide downcycle [3] Current Market Metrics - Recent trading volume and price action for ZEC indicate a larger bubble size than that seen in early 2021, raising concerns about a potential repeat of the previous collapse [4] - ZEC has experienced a remarkable increase of over 750% in the last three months, attracting attention across the privacy coin sector [5] Speculative Sentiment - High-profile endorsements have fueled speculation around ZEC, with predictions of the price reaching as high as $10,000 per coin, despite its current trading price around $328 [6]

Core Viewpoint - Aptos (APT) has shown little price movement, trading around $3.50, with a potential breakout above $3.63 targeting $3.75 for a 7% upside, while underperforming the broader crypto market [1][4]. Price Movement and Technical Analysis - APT price fluctuated within a $0.16 range, representing 4.6% of current levels, advancing from session lows near $3.45 [2]. - Trading volume spiked to 2.48 million shares on October 26, a 68% increase over the 24-hour average of 1.47 million, but quickly faded as the price hit resistance at $3.63 [2]. - The $3.60-$3.63 zone has been established as a critical technical barrier due to multiple failed breakout attempts [2][6]. - Primary support is at $3.48-$3.485, successfully defended during recent pullbacks, while resistance remains firm at $3.60-$3.63 [6]. - A V-bottom formation in a 60-minute timeframe indicates a short-term bullish structure, with higher lows from $3.45 to $3.48 confirming near-term uptrend momentum [6]. Market Sentiment - Modest gains coupled with low trading volume suggest retail-driven activity rather than significant institutional flows, indicating traders are in a wait-and-see mode [3][6]. - The 24-hour volume averaged 7.9% above the 7-day moving average but did not meet the 5% institutional engagement threshold, further supporting the retail-driven flow narrative [6].

Core Insights - High-risk trader James Wynn has initiated a 40x leveraged short position on Bitcoin, betting against the current market surge despite rising optimism among crypto investors [1][3] - The recent cooler-than-expected US Consumer Price Index (CPI) has led to a rally in Bitcoin and the broader crypto market, with expectations of a 0.25% rate cut from the Federal Reserve [2][3] - The total crypto market cap has increased by over 7% in the past five days, with Bitcoin surpassing $115,000 and Ethereum exceeding $4,000, prompting major traders to increase long positions [3] Trading Position and Performance - Wynn opened a 40x leveraged short position on 0.96 BTC, valued at over $110,000, and is currently sitting on an unrealized profit of $661.38, with a liquidation price set at $117,468 [4] - Despite Wynn's current position, he has a history of significant losses, totaling over $22 million from overleveraged trades, with a win rate of 33.33% [5] - Sources indicate that Wynn has made over $250 million in profits in the past two weeks through undisclosed strategies, suggesting a complex trading approach [6] Future Developments - Wynn has hinted at a 'new account' under which he has been trading incognito, with a promise to reveal more details soon [7][8]

Market Overview - The cryptocurrency market is experiencing a significant uplift due to easing tensions between the United States and China, suggesting that the threat of a renewed tariff war may be receding [1] - The focus is now on high-stakes diplomatic and economic meetings, particularly at the APEC summit in Korea [1] US-China Trade Developments - Following discussions in Kuala Lumpur, Malaysia, the US and China are nearing a framework agreement on major trade issues, including a potential one-year delay in China's export controls of rare earth materials [2] - In exchange for this delay, the US is expected to refrain from imposing the threatened 100% additional tariffs on Chinese goods [2] Market Reactions - The announcement led to an immediate rise in Bitcoin price by approximately 2%, trading at $113,450, which is a 1.62% increase from the previous day [3] - Overall, Bitcoin surged by 6.07% over the past week, reclaiming the $113,000 level, with altcoins like HYPE and WLFI also seeing sharp increases of 6.67% and 7.33% respectively [4] Whale Activity - Large crypto investors, or "whales," have shown renewed conviction by accumulating assets, with wallets holding between 100 and 10,000 ETH adding over 218,000 ETH, valued at nearly $870 million [5] - This accumulation represents about one-sixth of the volume these whales sold during the preceding market decline [6] Positive Industry Developments - Positive news in the industry is regaining attention, such as the REX-Osprey XRPR, the first spot XRP ETF in the US market, surpassing $100 million in assets under management (AUM) within a month [7] - XRP reacted positively with an 11.22% weekly gain following this news [7]

Core Insights - A seasoned crypto trader has made approximately $17 million in profit from long positions on Bitcoin and Ethereum during a volatile market period [1][2] - The trader, identified as "0xc2a," opened long positions just before a market rebound, with Bitcoin and Ethereum gaining 4% and 2% respectively [1][2] Market Context - The crypto market experienced significant turmoil, with over $20 billion in leveraged positions liquidated on October 10, following President Trump's announcement of a 100% tariff on Chinese imports [2][3] - Bitcoin briefly fell to a three-month low of under $105,000 before recovering, while the trader accumulated positions during this downturn [3] Trader Performance - The trader has maintained a 100% win rate since account inception, holding 1,483 BTC (approximately $165.5 million) and 33,270 ETH (around $131.3 million) in active long positions [4] - This performance has garnered attention from analysts and traders on social media, indicating a strong conviction in a market that is still finding its direction [4] Whale Influence - The trader's success highlights the impact of whale behavior on market sentiment, as large holders can significantly influence market movements [5] - Smaller traders often monitor whale actions for cues on potential momentum reversals or trend confirmations [5] Market Sentiment - October's market conditions have challenged the traditional "Uptober" narrative, indicating a shift in investor sentiment [6]

Market Overview - The Altcoin Season Index is at 24, indicating a market primarily influenced by Bitcoin trends with limited breadth [1] - Current market activity is selective and event-driven, focusing on specific tokens rather than a broad risk reset [1] Policy Impact - Investors are assessing whether a more favorable policy tone can influence the short-term trajectory of altcoins or if recent gains are temporary [2] - The market reacted positively to President Trump's pardon of Binance co-founder Changpeng Zhao, reducing perceived policy risks for the industry [3] WLFI Token Analysis - WLFI is trading at approximately $0.14, reflecting an 11% increase in 24 hours, with trading volume surging by 210% [3] - Future performance of WLFI hinges on whether current enthusiasm translates into sustained participation and balanced trading across multiple venues [4] Morpho Token Analysis - Morpho is currently priced around $2.0, up 8% for the day, with consistent usage reported across lending routes [5] - Key metrics for Morpho include utilization, deposits, and maintaining price above support levels while balancing volumes [6] SPX6900 Token Analysis - SPX6900 is trading near $1.0, up 7% in 24 hours, benefiting from liquidity in meme baskets during relief periods [7] - Traders are monitoring the $1.05 to $1.10 range for potential continuation of the upward trend, with a drop below $1.00 indicating a short-lived move [8]

Core Insights - The U.K. crypto sector is preparing for potential tax crackdowns as Chancellor Rachel Reeves is set to present her first Budget on November 26, with indications of tighter tax enforcement and reporting rules [1][6] - HM Revenue & Customs (HMRC) has significantly increased its efforts to pursue unpaid crypto taxes, sending nearly 65,000 warning letters to suspected tax under-payers in the 2024/25 financial year, more than double the previous year's figures [1][2][6] - Starting in 2026, HMRC will automatically receive data from major global trading platforms under the OECD Crypto-Assets Reporting Framework, enhancing its ability to monitor investors' activities [3] Tax Enforcement and Compliance - HMRC's recent actions include sending letters to individuals suspected of failing to report gains from trading, spending, or transferring cryptocurrencies, utilizing exchange data and international cooperation to identify non-compliance [2] - The complexity of tax rules surrounding cryptocurrencies has led to many traders being unaware that moving from one coin to another can trigger capital gains tax [3] Budget Implications - Although no specific crypto measures have been announced ahead of the Budget, officials have indicated that closing tax loopholes and tightening enforcement will be key themes [4] - The government is also reviewing the treatment of small imported parcels under U.K. customs rules, which may impact e-commerce platforms and align with broader strategies to address under-reported economic areas like crypto trading [4][7] Industry Concerns - The British crypto sector is expressing concerns that rising taxes and regulatory uncertainty may drive investment abroad, highlighting the need for a more favorable regulatory environment [6] - Major British retailers have called for reforms to the current system, arguing that it provides an unfair advantage to overseas sellers, which could also apply to the crypto trading landscape [7]

Group 1 - Limitless Exchange completed a $10 million seed funding round led by 1confirmation, with participation from notable institutions such as Collider, F-Prime, DCG, Coinbase Ventures, Node Capital, and Arrington Capital, marking a significant milestone in its rapid growth phase [2][4] - The platform's total trading volume has surpassed $500 million, demonstrating strong market demand and product usability [2][3] - Limitless achieved a remarkable 25-fold increase in trading volume from August to September, with nominal trading volume exceeding $100 million by mid-October, achieving this in less than half the time of the previous month [2][3] Group 2 - In September, Limitless attracted significant market attention during its token sale on Kaito Launchpad, raising over $200 million, far exceeding its $1 million target, indicating a 200-fold oversubscription [3] - The platform aims to make prediction markets a mainstream financial tool by lowering participation barriers and enhancing trading efficiency, appealing to both professional traders and a broader user base [3][4] - Limitless is recognized as one of the fastest and most intuitive methods for trading cryptocurrencies and stocks, offering short-cycle price prediction markets with instant settlement and no forced liquidation [3][5] Group 3 - The recent funding will accelerate product iteration, introducing more short-cycle market types, including 15-minute, 10-minute, and even 1-minute prediction markets [4] - The company plans to expand its user growth initiatives and explore regulatory compliance and licensing in key potential markets to support global business expansion [4] - Limitless is positioned as a simple high-leverage trading entry point, with the prediction market expected to evolve into a new generation of multi-trillion-dollar derivative market category [4]

Core Insights - The article discusses various AI-powered crypto trading tools, highlighting their unique features and target users, emphasizing the growing trend of using automated strategies in the crypto market [6][28]. Group 1: Stoic AI - Stoic AI offers a range of automated trading strategies, including Bitcoin Yield, Fixed Income (USD Yield), and Meta strategies, catering to different investor profiles [1][2][3]. - The platform connects to major crypto exchanges via API, allowing users to implement strategies without needing to withdraw funds [4][5]. - Stoic AI targets investors seeking systematic trading without emotional involvement, particularly those looking for institutional-quality strategies [8][7]. Group 2: Botty - Botty is designed for retail investors, providing a platform that operates on precise algorithms without relying solely on AI [11][12]. - The platform offers both spot and futures strategy templates, emphasizing user safety by trading established cryptocurrencies [19][12]. - Botty features a demo mode for users to practice trading strategies with virtual funds, helping to build confidence before live trading [18][14]. Group 3: CryptoHopper - CryptoHopper allows users to run trading bots, copy pro traders' strategies, and backtest ideas, making it suitable for both beginners and intermediate traders [20][24]. - The platform does not hold users' funds, ensuring that trading occurs directly through users' exchange accounts [22]. - Users should be aware of potential risks, including the variability in quality of signal providers and the limitations of backtesting [25][26]. Group 4: Market Trends - The increasing use of AI tools in crypto trading reflects a broader trend towards automation and algorithmic trading in the financial sector [28]. - Challenges remain, particularly regarding the rapidly changing nature of the crypto market, which can affect the performance of AI-driven strategies [29][30].