Happy Wednesday!

Bitcoin dipped below $100,000 for the first time in months on Tuesday, but Wall Street veterans are saying this is not the end of the run yet.

ChatGPT isn’t the best of crypto traders, as a recently-concluded trading contest showed. It finished last, while one Chinese AI turned a healthy profit.

Plus, if you’re looking to adopt a protective stance while also capitalizing on opportunities created by volatility in the year’s final stretch, check out this webinar tomorrow.

TOP STORY

Bitcoin's Crash Below $100,000 Isn't The End: Wall Street Vet Says: 'We Have To Get Through This'

For the first time since July, Bitcoin fell below $100,000 on Tuesday as the crypto sell-off saw $1.7 billion in liquidations in 24 hours.

Ethereum is down nearly 5% over the past 24 hours, bottoming below $3,200 in Tuesday after-hours trading.

While retail traders reduced exposure, institutional money flowed in a different direction. 

Bitwise Asset Management has launched the Bitwise Solana Staking ETF, pulling in $417 million in total inflows in one week.

“It’s the fastest-growing new ETF to launch this year — across all asset classes,” said Bitwise's Chief Investment Officer Matt Hougan on Tuesday on CNBC.

Read the full scoop here.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are slightly rebounding after a brutal Tuesday with over $1 billion in liquidations: here’s what’s driving the market today.

Peter Schiff says this is no ordinary Bitcoin, Ethereum correction: cryptocurrencies have entered a bear market.

Bitcoin could bottom in October 2026 if the cycle repeats its previous pattern and king crypto enters a bear market next year: here’s why.

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FINTECH FOCUS

ChatGPT Lost 63% Trying To Trade Crypto — But One Chinese AI Made A Healthy Profit

OpenAI’s ChatGPT lost 63% of its funds in a two-week crypto trading competition organized by Nof1, finishing last among six large language models (LLMs), according to Protos.

The “Alpha Arena” contest, which ended Monday, tasked six leading AI systems with trading digital assets using identical prompts and limited datasets. 

ChatGPT, Google’s Gemini from Alphabet, X’s Grok and Anthropic’s Claude Sonnet all ended in the red.

By contrast, Alibaba’s Qwen3 Max topped the leaderboard with a $2,232 profit, followed by DeepSeek, which gained $489.

Read the full scoop here.

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