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Sam Bankman-Fried is ‘deeply sorry’ for collapse in letter to FTX team

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The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.”

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Coin Market

Bitcoin recovery rests on US-Iran deal as momentum remains weak

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LVRG Research director Nick Ruck says Bitcoin could face a “volatile path” if a recently agreed peace deal between the US and Iran breaks down.

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US government watchdog urges FDIC coordinate on crypto oversight

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The US Government Accountability Office says that regulators, including the FDIC, lack an “ongoing coordination mechanism for addressing blockchain risks.”

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Coin Market

Anthropic shutdown makes a strong case for decentralized AI: Grayscale

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Grayscale says decentralized AI tokens gained after the US government ordered Anthropic to cut access to its latest AI models, showing user demand for alternatives to centralized AI.

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