FTX is a crypto exchange at the center of a sweeping collapse, seeking to rebuild trust after its 2022 bankruptcy and ongoing regulatory scrutiny.
Bitcoin has fallen from its peak as traders weigh Strategy’s bitcoin sale and a string of AI-driven bets, with markets shifting toward IPOs and chipmakers amid broader risk-off moves.
A wave of updates across multiple outlets shows former FTX founder Sam Bankman-Fried pursuing a presidential pardon after completing his 25-year sentence, while Trump allies keep courting clemency. The reports, drawn from DOJ filings and interviews, highlight continued political leverage around the high-profile case.
Stocks rebound after major tech IPOs, with AI-focused names leading gains while volatility remains elevated. SpaceX’s blockbuster listing prompts index-weight discussions; traders weigh how dispersion and inflation signals might steer the market ahead of more mega-IPOs.
A three-judge panel of the 2nd U.S. Circuit Court of Appeals has upheld Bankman-Fried's fraud conviction and 25-year sentence, ruling the government’s evidence was robust. Bankman-Fried’s lawyers may pursue further appeals; he is jailed in California and remains eligible for release in 2044.