Brett Harrison Secures $35M for New Crypto Derivatives Venture, Boosting Industry Confidence
- Successful Funding: Brett Harrison, former president of FTX US, has secured $35 million for his new derivatives venture, Architect Financial Technologies, indicating a resurgence of investor confidence in the crypto sector and a sustained demand for innovative derivatives infrastructure.
- Product Development: The funding will be utilized to develop an institutional trading platform that offers a comprehensive suite of products, including derivatives, equities, futures, and digital assets, aimed at meeting the needs of professional traders and enhancing market competitiveness.
- Regulatory Approval: Architect has received regulatory approval in Bermuda to offer perpetual futures contracts tied to traditional assets such as stocks, commodities, and foreign currencies, highlighting its strategic focus on mainstream integration and further advancing the maturity of crypto derivatives.
- Market Expansion Plans: The company plans to expand beyond Bermuda into Europe and the Asia-Pacific region, showcasing its potential in the global crypto derivatives trading market, aiming to attract more institutional investors and enhance market liquidity.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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