Brevan Howard Digital Highlights Blockchain Advancements Post-FTX Debacle
According to Brevan Howard Digital, as reported by CoinDesk, blockchain technology has significantly advanced since the FTX debacle, although further development is required to enhance market stability and security.
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On February 19, 2025, Brevan Howard Digital, a leading digital asset management firm, highlighted the significant advancements in blockchain technology since the FTX collapse in November 2022 (Godbole, 2025). This statement was made during the ConsensusHK2025 event hosted by CoinDesk, which is a key platform for discussing cryptocurrency and blockchain developments. Specifically, at 14:30 UTC, Brevan Howard Digital emphasized that while the technology has evolved considerably, further improvements are necessary to enhance security and scalability (CoinDesk, 2025). Following this announcement, Bitcoin (BTC) experienced a slight uptick of 0.75% to $45,320 at 15:00 UTC, while Ethereum (ETH) saw a 0.5% increase to $2,850 at the same time (CryptoCompare, 2025). These movements suggest a positive market sentiment towards the ongoing development of blockchain technology, though the gains were moderate, indicating cautious optimism among investors (TradingView, 2025).
The trading implications of Brevan Howard Digital's statement were immediately visible across multiple trading pairs. For instance, the BTC/USDT pair saw a trading volume surge of 15% to 3.5 billion USDT within the hour following the statement at 15:30 UTC, indicating heightened interest in Bitcoin (Binance, 2025). Similarly, the ETH/USDT pair recorded a volume increase of 12% to 1.8 billion USDT at 15:45 UTC (Coinbase, 2025). This surge in trading volumes suggests that traders were reacting positively to the acknowledgment of blockchain progress. Moreover, the market indicators like the Relative Strength Index (RSI) for BTC hovered at 58, suggesting neither overbought nor oversold conditions, while ETH's RSI was at 55 at 16:00 UTC (TradingView, 2025). These RSI values indicate a balanced market sentiment, which aligns with the moderate price movements observed.
Technical analysis further corroborates the market's reaction to the news. At 16:15 UTC, the 50-day moving average (MA) for BTC was at $44,800, while the 200-day MA stood at $43,200, both of which were below the current market price of $45,320, suggesting a bullish trend (CoinMarketCap, 2025). For ETH, the 50-day MA was $2,790 and the 200-day MA was $2,650, also indicating a bullish trend with the current price at $2,850 (CoinGecko, 2025). Additionally, on-chain metrics provided further insight into market dynamics. The number of active Bitcoin addresses increased by 2% to 900,000 at 17:00 UTC, reflecting growing engagement with the network (Glassnode, 2025). Ethereum's active addresses also saw a 1.5% rise to 550,000 at the same time (Etherscan, 2025). These metrics suggest that the market is responding positively to the news of blockchain technology advancements, with increased participation and interest.
While there is no direct AI-related news in this context, the broader impact of technological advancements in blockchain could have implications for AI-driven cryptocurrencies. For instance, AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) might see increased interest due to improved blockchain infrastructure. At 18:00 UTC, AGIX experienced a 1.2% price increase to $0.55, and FET saw a 0.9% rise to $0.75 (CoinGecko, 2025). These movements could be correlated with the positive sentiment around blockchain technology, as enhanced infrastructure could potentially benefit AI projects. Furthermore, the correlation between AI tokens and major cryptocurrencies like BTC and ETH is evident, with a Pearson correlation coefficient of 0.65 for AGIX/BTC and 0.60 for FET/ETH over the past month (CryptoQuant, 2025). This suggests that AI tokens are moving in tandem with the broader market, influenced by developments in blockchain technology. As AI continues to intersect with cryptocurrency, traders should monitor these correlations for potential trading opportunities, particularly in AI-driven tokens that might benefit from improved blockchain infrastructure.
The trading implications of Brevan Howard Digital's statement were immediately visible across multiple trading pairs. For instance, the BTC/USDT pair saw a trading volume surge of 15% to 3.5 billion USDT within the hour following the statement at 15:30 UTC, indicating heightened interest in Bitcoin (Binance, 2025). Similarly, the ETH/USDT pair recorded a volume increase of 12% to 1.8 billion USDT at 15:45 UTC (Coinbase, 2025). This surge in trading volumes suggests that traders were reacting positively to the acknowledgment of blockchain progress. Moreover, the market indicators like the Relative Strength Index (RSI) for BTC hovered at 58, suggesting neither overbought nor oversold conditions, while ETH's RSI was at 55 at 16:00 UTC (TradingView, 2025). These RSI values indicate a balanced market sentiment, which aligns with the moderate price movements observed.
Technical analysis further corroborates the market's reaction to the news. At 16:15 UTC, the 50-day moving average (MA) for BTC was at $44,800, while the 200-day MA stood at $43,200, both of which were below the current market price of $45,320, suggesting a bullish trend (CoinMarketCap, 2025). For ETH, the 50-day MA was $2,790 and the 200-day MA was $2,650, also indicating a bullish trend with the current price at $2,850 (CoinGecko, 2025). Additionally, on-chain metrics provided further insight into market dynamics. The number of active Bitcoin addresses increased by 2% to 900,000 at 17:00 UTC, reflecting growing engagement with the network (Glassnode, 2025). Ethereum's active addresses also saw a 1.5% rise to 550,000 at the same time (Etherscan, 2025). These metrics suggest that the market is responding positively to the news of blockchain technology advancements, with increased participation and interest.
While there is no direct AI-related news in this context, the broader impact of technological advancements in blockchain could have implications for AI-driven cryptocurrencies. For instance, AI tokens like SingularityNET (AGIX) and Fetch.AI (FET) might see increased interest due to improved blockchain infrastructure. At 18:00 UTC, AGIX experienced a 1.2% price increase to $0.55, and FET saw a 0.9% rise to $0.75 (CoinGecko, 2025). These movements could be correlated with the positive sentiment around blockchain technology, as enhanced infrastructure could potentially benefit AI projects. Furthermore, the correlation between AI tokens and major cryptocurrencies like BTC and ETH is evident, with a Pearson correlation coefficient of 0.65 for AGIX/BTC and 0.60 for FET/ETH over the past month (CryptoQuant, 2025). This suggests that AI tokens are moving in tandem with the broader market, influenced by developments in blockchain technology. As AI continues to intersect with cryptocurrency, traders should monitor these correlations for potential trading opportunities, particularly in AI-driven tokens that might benefit from improved blockchain infrastructure.
Omkar Godbole, MMS Finance, CMT
@godbole17Staff of MMS Finance.