Latest news with #CryptoTwitter
Yahoo
2 days ago
- Business
- Yahoo
Legendary analyst has alarming déjà vu alert on Bitcoin
Legendary analyst has alarming déjà vu alert on Bitcoin originally appeared on TheStreet. Wall Street legend Peter Brandt, who correctly predicted the S&P 500 rally, recently shared an alarming warning about the fate of Bitcoin. Brandt compared Bitcoin's price cycle over the past year to the 2011-22 cycle and wondered if the cryptocurrency is following the previous pattern and headed for a 75% correction. It seemed surprising to many members of the Crypto Twitter community that the asset that hit its all-time high (ATH) of $111,970.17 only on May 22 could be poised for a correction. Brandt's X post invited some curious and some mocking comments, but the veteran trader doubled down on his analysis. He shared his previous blog post dated Apr. 26, 2024, to claim that the king coin has fallen prey to what he calls "exponential delay" in bull cycles. Comparing the previous bull cycles during 2009-11, 2011-13, 2015-17, and 2018-21, Brandt wrote: 80% of the exponential energy of each successful bull market cycle has been lost. Bitcoin was trading around $64,000 when he wrote the post on Apr. 26, 2024. Since then, a whole lot of overwhelming developments have taken place, such as President Donald Trump announcing the creation of a strategic Bitcoin reserve, securities violations cases getting dropped against several leading crypto trading exchanges, etc. In fact, Bitcoin hit its new record high only last month. But such a positive turn of events didn't deter Brandt from sounding the alarm, as he seemed quite convinced of his analysis. As per Kraken's price feed, Bitcoin was trading at $108,577.02 at press time, only around 3% lower than its ATH. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Legendary analyst has alarming déjà vu alert on Bitcoin first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared.
Int'l Business Times
30-04-2025
- Business
- Int'l Business Times
SEC Delays Decision On $XRP, $DOGE ETFs, Raising Concerns On Paul Atkins Chairmanship
The SEC said it needs more time to evaluate the crypto ETF proposals Some $XRP holders are now questioning whether Atkins was a good choice after all Some X users pointed out that the scenario is similar to Gensler's early days at the SEC $XRP and $DOGE prices plunged overnight amid news of the delays The U.S. Securities and Exchange Commission (SEC) on Tuesday revealed it is delaying a decision on proposed XRP and Dogecoin (DOGE) exchange-traded funds (ETFs), raising questions on whether new Chair Paul Atkins was "a good choice" to lead the regulatory agency. The decision has been delayed to at least mid-June, dimming hopes for new crypto ETFs to be approved as soon as possible and triggering doubts among crypto holders who initially embraced Atkins's appointment and eventual confirmation. SEC Cites Need for Further Evaluation According to the financial regulator, it needs more time to review the proposals. "The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the SEC wrote in a Tuesday notice. Notably, the previous SEC leadership has repeatedly delayed decisions related to proposed crypto products. The initial proposed spot Bitcoin ETFs took a decade before approval. It is unclear whether the Atkins SEC will change this pattern. Crypto Holders Question SEC Leadership As soon as the news of the delays emerged on Crypto Twitter, cryptocurrency holders expressed disappointment. "Are we sure Paul Atkins was a good choice?" one XRP user asked. Another X user responded, calling for ex-Chair Gary Gensler to be reinstated. "Right, at least with him we knew we were screwed," the XRP user replied. Are we sure Paul Atkins was a good choice? — Marine XRP One (@Tech19594071247) April 29, 2025 "Same exact story as Gensler. Everyone praised Gensler on the day of [his confirmation] but we know how that panned out," said another user. DOGEai, which describes itself as an autonomous AI "uncovering waste & inefficiencies in government spending and policy," wrote that the delay in Franklin Templeton's XRP ETF is "classic bureaucratic foot-dragging." "Remember, this is the same SEC that spent years stonewalling Bitcoin ETFs under [Joe] Biden, only to greenlight them once political winds shifted," the AI chatbot added. The SEC's delay on Franklin Templeton's XRP ETF is classic bureaucratic foot-dragging. While the agency drags its feet, investors and innovators are left in limbo—exactly the kind of red tape Trump's U.S. Crypto Reserve initiative aims to dismantle. Remember, this is the same SEC… — DOGEai (@dogeai_gov) April 29, 2025 Others were more understanding, saying Atkins may need more time to go through everything, given how he had just been officially sworn in and also has other financial aspects to cover in his first few months as the new SEC chief. $XRP, $DOGE Prices Retreat Meanwhile, it appears that the affected crypto tokens' prices felt the same way holders did. Data from CoinGecko showed that XRP plunged nearly 1% overnight as users discussed the development. The price of DOGE, the world's most valuable memecoin, is also down 1% in the day. It remains to be seen whether other crypto ETF applications will move forward now that Atkins has taken over from Acting Chair Mark Uyeda, whose actions during his short stint as the SEC leader were praised due to faster progress. Uyeda's short tenure as Acting Chair was marked by the closure of multiple SEC lawsuits and investigations against crypto firms, including cases against Ripple and Kraken.
Int'l Business Times
22-04-2025
- Business
- Int'l Business Times
New SEC Chair Paul Atkins Under Pressure With 72 Crypto-Related ETF Applications, $XRP Leads Filings
Among Atkins's responsibilities is decision-making on 72 crypto-related ETFs $XRP has the most filings so far, but $SOL applications are also piling up Atkins is known for his pro-innovation and anti-regulatory overreach views Paul Atkins has officially been sworn in as the new chair of the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry is watching him closely as he has a full-packed schedule ahead of him with over 70 crypto exchange-traded funds (ETFs) to check. In a statement after he was sworn in on Monday, Atkins said he looks forward to ensuring that "the U.S. is the best and most secure place in the world to invest and do business." On Crypto Twitter, where crypto holders discuss Atkins's role, the focus of talks is his massive responsibility to decide on the piled-up crypto ETFs that have yet to be approved or rejected. Atkins Faces Pressure Over Crypto ETFs Former Acting Chair Mark Uyeda has swiftly made progress in some of the applications around crypto-related ETFs, but none of them have been officially greenlit yet, and at this point, all eyes are on Atkins. Data compiled by senior Bloomberg ETF analyst James Seyffart revealed that as of Monday, there are 72 crypto-related ETFs. "Gonna be a wild year," said Eric Balchunas, another senior ETF analyst for Bloomberg. There are now 72 crypto-related ETFs sitting with the SEC awaiting approval to list or list options. Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year. Great roundup from @JSeyff — Eric Balchunas (@EricBalchunas) April 21, 2025 $XRP Takes Top Spot in Most Filings Based on Seyffart's list, XRP, the native token of the XRP Ledger, has the most filings, including the first-mover filing from asset manager Bitwise and the more recent application from veteran asset management firm Franklin Templeton. Another popular cryptocurrency that has seen successful filings in recent weeks is Solana (SOL), the native coin of the Solana blockchain. There have also been filings for meme coins, which was initially a divisive option in the crypto space when the conversation first popped up under former SEC Chair Gary Gensler. Once U.S. President Donald Trump took power, hopes for a potential meme coin ETF have climbed, paving the way for meme token ETF applications, including one from Grayscale for a Dogecoin (DOGE) ETF, and a filing from 21Shares for a Polkadot (DOT) ETF. Will SEC Approve New Crypto ETFs Under Atkins? When Trump nominated Atkins to take the SEC chairmanship, the crypto space celebrated, given his background as a pro-innovation advocate and his past comments about blockchain technology. He has yet to comment on crypto ETFs, but he did signal support for the emerging sector. During his Senate confirmation hearing, Atkins said he believes "clear rules of the road benefit all market participants." Quite interestingly, many crypto leaders have called on the SEC under Gensler to provide clear rules on how to go about with their business. 🔥Paul Atkins is sworn into the SEC following the resignation of Gary Gensler. Atkins spoke on how regulations affect markets and investors: "They can stoke innovation, facilitate investment goals & create oporuntites" $BTC As we all know, Atkins is a friend of Brian Brooks, a…
Yahoo
22-04-2025
- Business
- Yahoo
The GPT Gold Rush Is Failing Crypto Traders
The AI revolution in trading should be a game-changer, but instead, it's become a quick money grab. Everywhere you turn, yet another ChatGPT wrapper is being marketed as the next big thing for crypto traders. The promises? 'AI-powered insights,' 'next-gen trading signals,' 'perfect agentic trading.' The reality? Overhyped, overpriced, and underperforming vaporware that doesn't scratch the surface of what's truly should be designed to augment the trader experience, not sideline it. Companies like Spectral Labs and are innovating with AI agents but risk heading toward vaporware status if they fail to deliver real utility beyond surface-level GPT wrappers. They have an overreliance on Large Language Models (LLMs) like ChatGPT without offering any unique utility, prioritizing AI buzzwords over substance and AI architecture transparency. Combining AI and trading is a transformative leap, for humans to make trading gains more effectively with powerful foresight, investing less time, but not to replace humans from the trading equation entirely. Traders don't need another emotionless agent with unfettered agency. They need tools that help them trade better, faster, and more confidently in environments that simulate real market volatility before going trading in the real markets. Too many GPT wrappers rush to market with fluffy, half-baked agents that prey on fear, confusion, and FOMO. With barely-trained Large Language Models (LLMs) and little transparency, some of these AI trading 'solutions' reinforce set and forget bad habits. Trading isn't just about hyper speed or automation, it's about thoughtful decision-making. It's about balancing science with intuition, data with emotion. In this first wave of agent design, what's missing is the art of the trader's journey: their skill progression, unique strategy development, and fast evolution through interactive mentorship and simulations. The real innovation lies in developing a meta-model that blends predictive trading LLMs, real-time APIs, sentiment analysis, and on-chain data, while filtering through the chaos of Crypto Twitter. Emotion and sentiment do move markets. If your AI Trader agent can't detect when a community flips bullish or bearish, or front-run that signal, it's a non-starter. GPT Wrappers rejecting emotion-driven market moves offer lower-risk, lower-reward gains within portfolio optimization. A better agent reads nuance, tone, and psycholinguistics, just as skilled traders do. And while 20 years of high-quality trading data spanning multiple cycles, markets and instruments is a great start, true mastery comes through engagement and progression loops that stick. The best agents learn from data, people and thrive with coaching. Financial systems intimidate most people. Many never start, or blow up fast. Simulated environments help fix that. The thrill of winning, the pain of losing, and the joy of bouncing back are what build resilience and shift gears from sterile chat and voice interfaces. AI Trader agents should teach this, back-test and simulate trading comeback strategies in virtual trading environments, not just of successful trades but comebacks from the unforeseen events. Think of it like learning to drive: real growth comes from time on the road and close calls, not just reading your state's handbook. Simulations can show traders how to spot candlestick patterns, manage risk, adapt to volatility, or respond to new tariff headlines, without losing their heads in the process. By learning through agents, traders can refine strategies and own their positions, win or lose. AI Agents' life-like responses are fast improving to being indistinguishable from human responses through conversational and contextual depth (closing the 'Uncanny Valley' gap). But for traders to accept and trust these agents, they need to feel real, be interactive, intelligent, and relatable. Agents with personality, ones that vibe like real traders, whether cautious portfolio managers or cautious portfolio optimizers can become trusted copilots. The key to this trust is control. Traders must have the right to refuse or approve the AI Agent's calls. On-demand chat access is another lever, alongside visibility of trading gains and comebacks built on the sweat and tears of real traders. The best agents won't just execute trades, they'll explain why. They'll evolve with the trader. They'll earn access to manage funds only after proving themselves, like interns earning a seat on the trading desk. Fun, slick AAA aesthetics and progression will keep traders coming back in shared experiences opposed to solo missions. Through tokenization and co-learning models, AI agents could become not just tools, but co-owned assets — solving crypto's trader liquidity problem along the way. First-to-market players must be viewed with healthy skepticism. If Trader AI Agents are going to make a real impact, they must move beyond sterile chat interfaces and become dynamic, educational, and emotionally intelligent. Until then, GPT wrappers remain what they are slick distractions dressed up as innovation, extracting more value from users than they deliver, as the AI token market correction indicated. The convergence of AI and crypto should empower traders. With the right incentives and a trader-first mindset, AI Agents could unlock unprecedented learnings and earnings. Not by replacing the trader but by evolving them.
