Former FTX President Harrison Secures $35M for Derivatives Platform
- Successful Funding: Brett Harrison, the former president of FTX US, has closed a $35 million funding round, signaling a resurgence of investor confidence in the derivatives market and ongoing appetite for crypto-linked derivatives infrastructure.
- Platform Development: The new capital will be utilized to build an institutional trading platform that spans derivatives, equities, futures, and digital assets, targeting professional and institutional traders with features like algorithmic trading and advanced risk management tools.
- Market Expansion: Architect Financial Technologies has received regulatory approval in Bermuda to offer perpetual futures contracts tied to traditional assets, with plans to expand into European and Asia-Pacific markets, thereby enhancing its competitive edge.
- Derivatives Market Size: The derivatives market is regarded as the largest segment of global financial markets, with notional values of outstanding contracts reaching hundreds of trillions of dollars, underscoring its central role in market activity while facing liquidity challenges.
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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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