Former FTX US Chief Brett Harrison Seeks Redemption, Launches Crypto-Style Futures Platform for Stocks, AX

ccn.comОпубликовано 2025-10-30Обновлено 2025-10-30

Key Takeaways

AX is a new exchange that gives investors 24/7 global access to perp contracts in crypto and traditional stocks.
Harrison was caught lying about the security of FTX USD deposits and asset management.
AX has raised over $17 million with backing from Coinbase, Circle, Anthony Scaramucci, and others.

Brett Harrison, the former president of the now-defunct crypto exchange FTX, is bidding to make a fresh start by launching a new exchange, Architect Financial Technologies (AX), which aims to bring crypto-inspired perpetual futures to traditional stocks, commodities, and forex.

However, not everyone is pleased with the news as Harrison’s dodgy past has resurfaced.

Try Our Recommended Crypto Exchanges

Bitget

promotions

Earn rewards worth up to 5,000 USDT on your first deposit

Coins

Claim Offer

Bitunix

promotions

Receive up to $100,000 worth of exclusive gifts for newcomers upon registration.

Coins

Claim Offer

Zoomex

promotions

Gain $5 Bonus in USDT when you meet the minimum total Derivatives trading volume of $30,000.

Coins

Claim Offer

Fresh Start

As per Bloomberg , Harrison is making his industry comeback with the launch of a new centralized exchange, AX.

It mimics crypto perps’ leverage and non-expiry, but adds traditional safeguards such as portfolio margining, volatility halts, and price bands into the mix.

It’s the “perfect time” for such a product, Harrison told reporters.

Though U.S. regulators are yet to approve perpetuals, the Chicago-based firm will leverage an affiliate in Bermuda, keeping all crypto and asset activity offshore for the time being.

This, in Harrison’s words , makes it the “world’s first centralized and regulated exchange for perpetual futures on traditional assets.”

Looking ahead, Harrison is eager to evolve these offerings and launch perpetual for emerging asset classes such as rare earth metals, renewable energy, and data center compute costs.

Shadows of FTX

Though Harrison was uninvolved with the FTX fraud, his past mistakes have resurfaced, calling into question the legitimacy of “fully regulated” claims.

Sunil, an FTX Creditor who has closely followed and reported on the exchange’s collapse, reposted a 2022 document that revealed Harrison had been lying about FTX US deposits being FDIC-insured, with stocks held in FDIC-insured brokerage accounts.

Despite raising $17 million from backers including Coinbase, Circle, and Anthony Scaramucci, among others, AX will face additional scrutiny from the crypto community.

Recommended Secure Partners

Похожее

Google TPU Shipments Revised Up by 50%

Recent industry research indicates a significant upward revision in the shipments of Google's TPU (Tensor Processing Unit) chips. Previous expectations for 2027 were set at around 10 million units, but new estimates now point to 15 million units, a 50% increase. This substantial boost directly translates to higher demand across the entire supporting supply chain. Google's TPU clusters utilize a standardized all-optical interconnect architecture. Consequently, key hardware components are deeply integrated and scaled in fixed ratios with the chips. The 15 million TPU target will drive corresponding demand increases for NPO optical engines (roughly a 1:1 match), 1.6T optical modules, OCS optical switches, high-end server power supplies, fiber optics & MPO connectors, and liquid cooling solutions. Among these, liquid cooling is highlighted as the sector experiencing the most significant transformation and offering the most stable potential for excess returns. As next-generation TPU chips reach power levels where traditional air cooling is insufficient, liquid cooling becomes essential. 2026 is forecasted as the first year of substantial adoption for Google's liquid cooling solutions. This shift, coupled with delivery and capacity bottlenecks faced by incumbent overseas manufacturers, is creating a prime window for domestic Chinese suppliers to enter and secure Google's core supply chain. The market size for Google-specific liquid cooling is projected to potentially triple from a baseline of hundreds of billions to around 300 billion units by 2028. The logic for the fiber optic sector is also being rewritten. Once considered a cyclical commodity tied to telecom operator procurement, fiber is now a strategic and scarce resource for AI Data Centers (AIDC). A severe supply-demand imbalance, driven by the long lead time for preform production (18-24 months) and surging demand from cloud giants, is supporting strong performance. Chinese fiber manufacturers are well-positioned to capture a significant share of global AIDC demand, with exports potentially reaching 200-300 million core kilometers in 2026. Overall, the investment focus within the AI computing industry is shifting from pure "chip performance speculation" towards the more certain incremental growth in computing infrastructure and its supporting ecosystem. The upward revision in Google TPU shipments, along with the potential for further doubling by 2028, is seen as solidifying performance visibility for the entire supporting supply chain over the next two years.

marsbit35 мин. назад

marsbit35 мин. назад

What Wall Street Really Wants After the Crypto Story Recedes

The tide of speculative crypto narratives has receded, revealing Wall Street's true objective: building a controlled, yield-generating, and compliant financial pipeline on distributed ledgers. They are migrating core functions onto blockchains, not for decentralization, but for efficiency and new revenue streams. Key developments include BlackRock's BUIDL fund, a tokenized treasury fund acting as a foundational reserve asset, and the rise of Securitize, which is going public and partnering with the NYSE to build a 24/7 digital securities trading and settlement system. This signals a major shift of securities clearing to blockchain technology. To make volatile assets like Bitcoin palatable for institutional investors, firms like BlackRock and Goldman Sachs are creating "covered call" ETFs (e.g., BITA). These products systematically sell options on Bitcoin holdings, transforming price volatility into stable monthly income, effectively repackaging crypto as a yield-bearing asset. Stablecoins are being positioned not as speculative tools but as efficient payment rails. Companies like Stripe and Mastercard are integrating them for instant, low-cost merchant settlements and cross-border card payments, respectively. Critically, new legislation like the GENIUS Act shapes them as non-interest-bearing, heavily regulated extensions of the US dollar system. In summary, Wall Street is quietly constructing a parallel, blockchain-based financial infrastructure featuring tokenized traditional assets, structured crypto yields, and programmable dollar pipelines—all under its control and fully integrated with existing regulatory and credit frameworks.

marsbit52 мин. назад

What Wall Street Really Wants After the Crypto Story Recedes

marsbit52 мин. назад

Tying Itself to SpaceX: Cursor's $60 Billion Rise

This article recounts the rapid rise of AI-powered coding startup Cursor and its 25-year-old MIT graduate CEO, Michael Truell. Launched in 2023, Cursor achieved explosive growth, reaching over 10 billion USD in revenue by late 2025. However, its journey highlights a central dilemma for AI application companies: dependence on foundational model providers. Cursor initially relied heavily on Anthropic's models but faced an existential threat when Anthropic launched its own competing coding tool, Claude Code. In response, Cursor declared an internal emergency in early 2026 and accelerated development of its own model, Composer. To secure the immense computing power needed, Truell struck a pivotal deal with Elon Musk's SpaceX in April 2026. The collaboration grants Cursor access to SpaceX's supercomputing resources for Composer, while SpaceX's Grok model benefits from Cursor's programming data. The agreement includes a potential 600 billion USD acquisition of Cursor by SpaceX later in the year, though a substantial termination fee is in place if the deal falls through. The story explores Cursor's intense, sometimes controversial hiring practices involving lengthy unpaid "work trials," its complex partnership-turned-rivalry with Anthropic, and its high-stakes gamble to ensure independence through the SpaceX alliance. The core question remains: will Cursor evolve into a defining, independent "generational" software company, or become a key piece in a tech giant's AI arsenal?

marsbit56 мин. назад

Tying Itself to SpaceX: Cursor's $60 Billion Rise

marsbit56 мин. назад

Kraken Plans CFTC-Regulated Perpetual Futures For US Professional Traders

Kraken plans to launch CFTC-regulated perpetual futures for eligible US professional traders through its acquired derivatives exchange, Bitnomial. These contracts, featuring continuous pricing, no expiry, and regular funding, aim to provide a regulated domestic route to a product that is central to global crypto trading but has been largely inaccessible on US platforms. The offering is expected to be integrated into Kraken Pro, allowing traders to manage various exposures in one interface. Key factors for success will include eligibility criteria, contract design, and the development of sufficient liquidity. This move could pave the way for more regulated perpetual products in the US market.

bitcoinist11 ч. назад

Kraken Plans CFTC-Regulated Perpetual Futures For US Professional Traders

bitcoinist11 ч. назад

Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

Kevin Warsh, the new Federal Reserve Chairman, prepares for his inaugural press conference amidst a challenging macroeconomic landscape: resurgent inflation, a bond market sell-off, and political pressure from President Trump for rate cuts. Uniquely, Warsh holds indirect investments in over 20 crypto and Web3 entities (e.g., Solana, dYdX), making him the first Fed Chair with disclosed crypto exposure. His stance may combine a hawkish, inflation-focused monetary policy with a crypto-friendly regulatory philosophy that shifts from Powell’s “same risk, same rule” approach toward a framework acknowledging blockchain’s productivity value. Warsh’s leadership could impact crypto markets across three dimensions: a paradigm shift in regulation (potentially accelerating pro-innovation legislation and stable币 rules), a re-pricing of risk premiums based on clearer communication and his view of AI as a structural disinflationary force, and a long-term reallocation of global institutional capital driven by increased legitimacy. Two potential scenarios for the press conference are outlined. A “positive surprise” would involve a dovish-leaning tone on rates coupled with signals of regulatory openness, potentially boosting crypto asset valuations. Conversely, a “negative shock” would see a more hawkish-than-expected stance on inflation and rates, triggering a broad risk-asset selloff that crypto markets would not escape. While ethics rules required Warsh to divest his crypto holdings upon confirmation, his deep understanding of the technology may fundamentally lower policy uncertainty and build a more receptive long-term foundation for digital assets’ integration into the mainstream financial system.

marsbit11 ч. назад

Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

marsbit11 ч. назад

Торговля

Спот

Фьючерсы

Обсуждения

Добро пожаловать в Сообщество HTX. Здесь вы сможете быть в курсе последних новостей о развитии платформы и получить доступ к профессиональной аналитической информации о рынке. Мнения пользователей о цене на BRETT (BRETT) представлены ниже.

Former FTX US Chief Brett Harrison Seeks Redemption, Launches Crypto-Style Futures Platform for Stocks, AX

Bitget

Bitunix

Zoomex

Fresh Start

Shadows of FTX

Похожее

Google TPU Shipments Revised Up by 50%

What Wall Street Really Wants After the Crypto Story Recedes

Tying Itself to SpaceX: Cursor's $60 Billion Rise

Kraken Plans CFTC-Regulated Perpetual Futures For US Professional Traders

Warsh's Debut: Will the FED Chair Who Knows Crypto Best Bring Surprises or Shocks to the Market?

Торговля

Популярные статьи

Как купить BRETT

Обсуждения

Топ вопросы

Популярные категории

Популярные теги