Bitcoin fell to the bottom of its local range as traders lost over $1 billion as a result of the surprise BTC price downside after the Fed interest-rate cut. Key points: Bitcoin revisits the bottom of its local range in a fresh dive after the Federal Reserve interest-rate cut. Traders betting on upside get punished, with long liquidations nearing $1 billion. Read more
The Trump administration has appointed Michael Selig, a pro-crypto lawyer and SEC counsel, to head up the CFTC. The US Commodity Futures Trading Commission (CFTC) may finally get a chairperson as President Donald Trump’s nominee, Michael Selig, begins the vetting process. The CFTC is currently under the leadership of Acting Chair Caroline Pham, who assumed the role in April 2025. She was nominated to the position by President Joe Biden in 2022 and unanimously confirmed by the Senate. The Trump administration initially picked former CFTC Commissioner Brian Quintenz, who also sat on the board of gambling platform Kalshi. However, his nomination was withdrawn in September, reportedly at the request of the Winklevoss brothers, who were concerned that he was not sufficiently pro-crypto. Read more
ChatGPT cannot time crashes but can flag early warning signs by merging onchain, derivatives and sentiment data, helping traders detect risk clusters before markets break. ChatGPT functions best as a risk detection tool, identifying patterns and anomalies that often emerge before sharp market drawdowns. In October 2025, a liquidation cascade followed tariff-related headlines, wiping out billions of dollars in leveraged positions. AI can flag the buildup of risk but cannot time the exact market break. An effective workflow integrates onchain metrics, derivatives data and community sentiment into a unified risk dashboard that updates continuously. Read more