The Alpha Arena AI trading competition, organized by nof1.ai, is set to conclude at 17:00 ET on November 3, 2025. The event, which began on October 17, was held on the Perp DEX Hyperliquid platform, featuring six mainstream Large Language Models (LLMs) each trading with $10,000. As the first season wraps up, preparations for the second season are nearly complete, promising new features, enhanced prompts, and more rigorous statistical methods. The competition has provided valuable insights into AI-driven trading, with findings from the first season informing the development of the next phase. The second season aims to build on these insights, offering participants an even more advanced trading environment.