According to monitoring by on-chain analyst Yu Jin, the FTX / Alameda Research asset liquidation team transferred 27,372 ETH worth $75.32 million to Wintermute through 6 wallets 3 hours ago, suspected to have entrusted Wintermute with selling. The relevant address is 0xCe84...f228.

Odaily reports that Yilihua posted on X platform, stating that he had previously said multiple times that July to August was the last window for bottom-fishing, believing that the third wave of decline since 1011 was the final drop. However, the specific low point cannot be determined due to factors such as black swan events, citing the FTX incident that caused Bitcoin to overshoot to the downside as an example. Cycle timing and volatility patterns will not fail; once the time comes, one can buy the dip and should not expect to catch the absolute bottom. Yilihua also stated that he recently conducted research on a number of AI tech companies in Shanghai and Hangzhou, and believes that the current AI startup explosion is more than ten times faster than traditional industries, similar to the crypto industry a decade ago.

Odaily News: Miles Jennings, Head of Policy and Regulation at a16zcrypto, wrote that the U.S. Senate should push for the passage of the Digital Asset Market CLARITY Act. Jennings stated that the risks exposed by the FTX collapse—such as customer asset segregation, custody, and information disclosure—are not complex, yet the existing digital asset market still lacks regulatory safeguards similar to those in traditional financial markets. The CLARITY Act would require digital asset brokers, dealers, and exchanges to implement measures such as customer asset segregation, qualified custody, information disclosure, and insider trading restrictions, while also clarifying the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).Miles Jennings warned that with stablecoin supply now exceeding $300 billion and the market value of tokenized assets surpassing $30 billion, if the Senate fails to act this time, the impact of the next market collapse could be greater than that of the FTX incident.

Odaily News: In response to the discussion about "why Coinbase would consider Jesse Pollak its onchain savior," Cobie said that although he does not agree with all of Jesse Pollak's views, he believes this assessment is well deserved.Cobie pointed out that Jesse Pollak drove Base's launch from scratch, and argued that Base arguably pioneered the trend of enterprises building their own chains that later followed from companies such as Stripe and Robinhood. Base's development predated the 2023 Solana meme coin wave, and Jesse Pollak kept pushing the project forward through the bear market after the FTX collapse until it launched.Cobie also said that Jesse Pollak has indeed made some mistakes over the past year, but what deserves respect is that even after facing long-term criticism from Crypto Twitter, he still keeps showing up and putting in the work every day.

Odaily News: FTX founder SBF filed an appeal with the U.S. Supreme Court on Thursday, seeking a new trial and the reversal of the court's previous $11 billion forfeiture order. SBF was sentenced to 25 years in prison in 2024.The appeal primarily concerns legal issues related to the submission of trial evidence, as well as whether SBF should be allowed to present evidence that his relevant investments ultimately became profitable enough to cover FTX customer losses. Additionally, SBF argues that the $11 billion forfeiture violates the Eighth Amendment to the U.S. Constitution, which prohibits excessive fines. (CNN)

Odaily News: According to Lookonchain monitoring, the U.S. government's seized funds wallet (FTX Alameda Seized Funds) transferred out 24.41 BTC five hours ago, valued at $1.92 million.

Odaily News Crypto analyst Ali posted on social platform X, stating that the end phases of Bitcoin’s two historical bear markets both exhibited a key characteristic—a sudden, powerful weekly reversal pattern. These “massive bullish candles” often catch the majority of market participants off guard and may serve as a signal for the start of a new bull market. Such moves are typically driven by “short squeezes.” As Bitcoin’s price rises, bearish traders continue to add short positions, but as the rally accelerates, these shorts are forced to cover, further fueling the upward momentum.Historical data shows that in 2019, near the end of Bitcoin’s bear market, a single week saw a 31.98% surge, followed by the onset of a new upward cycle. In January 2023, amid extremely pessimistic market sentiment following the FTX collapse, Bitcoin posted a 24.90% weekly gain, reversing prior bearish expectations.A similar pattern may now be unfolding in the current market. Although many investors, based on the “four-year cycle theory,” anticipated a market bottom in October, Bitcoin has recently rallied from $62,700 to $79,500, a one-week gain of 26.81%. If historical patterns hold, this robust weekly reversal could indicate that Bitcoin (BTC) has already entered the early stages of a new upward cycle.

1. CME and Kalshi executives publicly clash over prediction market regulation, debating market manipulation and regulatory standards;2. CZ: Supports promoting asset tokenization across all blockchains, which can help countries attract foreign direct investment;3. Anthropic's IPO is expected to match or exceed SpaceX in scale, with a public filing anticipated as early as the end of this month;4. South Korean Finance Minister: Trading volume in single-stock leveraged ETFs has shrunk to one-tenth of its original level;5. Both banned from trading for 5 years, CFTC officially closes enforcement cases against FTX's two co-founders;6. Cumulative losses of $3.28 million: a certain address failed all 8 short positions on BTC and ETH over two days;7. Multicoin Capital co-founder suggests launching Pre-IPO perpetual futures to allow ordinary American investors to participate in the AI industry;8. Attracting $12 billion in inflows over the past two months, U.S. memory chip ETF DRAM has seen capital inflows for 8 consecutive weeks.

Odaily News, the U.S. Commodity Futures Trading Commission (CFTC) disclosed that the U.S. District Court for the Southern District of New York has issued supplemental consent orders to Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of Alameda and FTX, formally resolving enforcement cases against the two. Both are required to continue cooperating with the CFTC's investigation. Ellison was handed a 5-year trading ban and a 10-year registration ban, while Wang received a 5-year trading ban and an 8-year registration ban. The ban periods begin from the effective date of the initial consent orders signed on December 23, 2022.The CFTC is currently not seeking additional disgorgement, restitution of ill-gotten gains, or civil monetary penalties from the two. The CFTC's Enforcement Division stated that both individuals provided substantial assistance during the investigation and related litigation, including pleading guilty in federal criminal cases and assisting with investigations into FTX-related matters. In 2022, the court found Ellison liable for two counts of fraud alleged by the CFTC, and Wang liable for one fraud charge, permanently prohibiting both from violating the Commodity Exchange Act and CFTC-related anti-fraud regulations. Both have admitted to multiple offenses in related criminal cases, including conspiracy to commit commodity fraud, and jointly bear responsibility for a forfeiture order of approximately $11.02 billion.

Odaily News – The U.S. Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Southern District of New York has entered supplemental consent orders against Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX.Under the court orders, Ellison and Wang are required to continue cooperating with the CFTC's investigation, while also facing trading and registration restrictions. Specifically, Ellison received a 5-year trading ban and a 10-year registration ban; Wang received a 5-year trading ban and an 8-year registration ban. The relevant restriction periods begin from the date of the initial consent order, which was signed on December 23, 2022.Previously, on December 23, 2022, the court found Ellison liable for two counts of fraud alleged by the CFTC, and found Wang liable for one count of fraud. Their initial consent orders permanently prohibited them from violating the Commodity Exchange Act and the CFTC's related anti-fraud regulations.The head of the CFTC's Division of Enforcement, David I. Miller, stated that this ruling reflects the regulator's emphasis on "effective cooperation." Although Ellison and Wang, as executives of Alameda and FTX, were involved in the relevant fraudulent conduct and were held liable, the regulator granted leniency in light of their significant assistance in the FTX-related investigations.The CFTC stated that it will not currently require Ellison and Wang to pay restitution, disgorgement, or civil monetary penalties, primarily considering the extent of their cooperation in the investigations and related criminal cases, as well as the $11.02 billion asset forfeiture order involved in the U.S. criminal case. Both individuals have previously pleaded guilty in their criminal cases, including admitting to conspiracy to commit commodities fraud and multiple other charges.