October 10th, 2025, marked a seismic moment for digital assets – the largest liquidation event in the history of crypto. Nearly $20B in positions were wiped out in hours, sending shockwaves across majors and alts alike.
Colin Farrell (Senior Manager, Institutional Coverage) sits down with Griffin Sears (Head of Derivatives) to unpack what actually happened on “Crypto’s Black Friday” – and what it means for traders, funds, and the broader market structure going forward.
From cascading liquidations and leverage loops to the resilience of institutional buy-the-dip flows, the two explore why this wasn’t just another flash crash – and how it could reshape risk management across exchanges, OTC desks, and traditional venues.
Digital Asset Treasuries (DATs) are evolving – fast. Colin Farrell (Senior Manager, Institutional Coverage) is joined by Ravi Doshi (Global Co-Head of Markets) to break down what’s driving the next phase of the DAT trade: from BTC and ETH to SOL and long-tail altcoins. The pair explores why some treasuries are still outperforming despite broader mNAV compression, how options markets can supercharge liquidity, and why the next frontier may be M&A as NAV discounts widen.
The Fed delivered a 25bp cut and unveiled a new mantra - “risk management.” But what does that really mean for markets? In this episode of The House View, Colin Farrell sits down with Matt Sheffield to unpack Powell’s latest move, the dot plot confusion, and how rate cuts may ripple into crypto. They dive into:
Why the Fed cut despite data not demanding it
How “risk management” could shape policy narratives ahead
The link between consumer strength, mortgages, and crypto flows
Why this wasn’t the market jolt traders hoped for - but why buyers still showed up
Whether cuts set the stage for a late-year rally
Colin Farrell – Senior Manager of Institutional Coverage – and Matt Sheffield – Head of Spot Trading – return to unpack a crypto market split right down the middle.
Post-Labor Day exhaustion has traders divided: some are hedging downside and taking profits on older alts, while others are piling into Solana, Hyperliquid, and tokens tied to upcoming ETFs and treasury inflows.
The pair also discusses why VCs are selling as TradFi players step in to buy, and how macro catalysts like payrolls and the Fed’s September meeting could set up a surprise rally if expectations prove too bearish.
Josh Lim joins Matt from the FalconX trading desk to unpack crypto market's cautious positioning ahead of Powell's Jackson Hole speech.
With markets pricing in an 85% chance of September rate cuts, traders are derisking with put spreads and rotating out of large-cap names while eyeing treasury-backed alts ahead of Q4. Josh explains why crypto now moves with macro liquidity cycles - and why history suggests an October setup could spark the next altcoin rally.
ETH has surged 44% over 60 days - far outpacing Bitcoin's 10%. Matt Sheffield, Head of Spot Trading at FalconX, breaks down the key drivers: digital asset treasuries accumulating billions, record $5.4B in ETF inflows during July, and growing regulatory clarity. Is ETH gaining sustainable momentum, or just another crypto narrative cycle?
Live from the FalconX trading floor: Introducing Trader Takes, our new bi-weekly podcast breaking down what moved markets this week in 10 minutes. In this first episode, Matthew Sheffield, Head of Spot Trading, & Colin Farrell, Senior Manager, Institutional Coverage, unpack how PIPEs and SPACs are reshaping institutional crypto access beyond ETFs, and why these "permanent capital vehicles" are creating constant buying pressure.
