Bankman-Fried lawyers to argue before court today, seeking retrial over FTX fraud conviction

A recent court ruling in India has granted XRP legal recognition as property, marking a significant milestone for digital asset ownership. This decision not only strengthens investor rights but also enhances confidence in the cryptocurrency market, potentially paving the way for more regulatory clarity and acceptance of digital assets in the country.

Sam Bankman-Fried, the former CEO of FTX, is currently serving a 25-year sentence in federal prison but is now seeking a new trial through an appeal. This situation is significant as it could potentially alter the course of his legal battles and impact the broader cryptocurrency landscape, especially considering the high-profile nature of his case.

FTX Recovery Trust has decided to drop its motion to restrict payouts to creditors in certain countries, including China, where claims amount to approximately $380 million. This decision is significant as it reflects a shift in FTX's approach to managing its obligations to creditors, potentially allowing for a more equitable distribution of funds. However, the trust has also indicated that it may refile this motion in the future, leaving the door open for further developments in the ongoing recovery process.

The rise of AI technology is fueling a new wave of crypto fraud, and the industry's reliance on outdated postmortems is proving ineffective. This situation highlights the urgent need for real-time transaction defenses to be integrated into the infrastructure of cryptocurrency platforms. As fraudsters become more sophisticated, it's crucial for the industry to adapt and protect users from potential losses.

Eightco's new pilot program, INFINITY authentication, has integrated Coinbase to enhance security in digital asset transactions. This development is significant as it aims to reduce fraud risks across the industry, making digital transactions safer for everyone involved. With the growing concern over security in the digital asset space, this integration could set a new standard for secure workflows.

Sam Bankman-Fried, the former CEO of FTX, is set to appeal his conviction in the Second Circuit Court, a move that highlights the ongoing fallout from the collapse of his cryptocurrency exchange. This case is significant as it not only represents a personal battle for Bankman-Fried but also reflects the broader implications for the cryptocurrency industry, which is still reeling from the scandal. As he seeks to overturn his conviction, many are left wondering about the future of crypto regulations and the potential for political interventions, such as a pardon from Trump.

Sam Bankman-Fried, the founder of FTX, is set to present his case for a retrial next week as he faces serious fraud and conspiracy charges. This appeal is crucial for him, as it represents his last opportunity to overturn the previous verdict. The outcome could have significant implications not only for Bankman-Fried but also for the broader cryptocurrency industry, which is still reeling from the fallout of FTX's collapse.

FTX creditors are facing a grim reality as they may only recover about 9% of their expected payouts due to the inflated prices of cryptocurrencies like Bitcoin, Ether, and Solana. This situation highlights the ongoing volatility in the crypto market and raises concerns about the financial stability of those affected by the FTX collapse. Understanding these dynamics is crucial for investors and stakeholders as they navigate the uncertain landscape of digital assets.

The cryptocurrency Aster faced significant selling pressure after a brief price surge sparked by Binance founder Changpeng Zhao's endorsement. While his comment initially boosted the token's value, the excitement quickly faded as the overall market weakened, leading to a sharp decline in Aster's price, erasing most of its gains.

Fulcrum has just launched a fully insured crypto lending platform regulated in Switzerland, allowing users to access loans backed by popular cryptocurrencies and stablecoins.

The Berachain Foundation has successfully recovered $12.8 million following a recent exploit involving Balancer V2. This recovery was made possible through a hard fork and a coordinated chain restart, showcasing the resilience of the blockchain community.

CleanSpark is making strides by expanding its power capacity and securing a new site in Texas for its AI campus. This move highlights a significant trend among Bitcoin miners who are increasingly focusing on high-performance computing.

Bitcoin has dropped below $100,000, reaching its lowest point in four months. Analysts suggest that the market is currently dominated by sellers, and they believe that the effects of the recent sell-off on October 10 are still being felt.

Bitcoin faced its second worst day in 2025, experiencing significant losses and increased volatility due to macroeconomic pressures and technical selling trends.