Sam Bankman-Fried Files Formal Trump Pardon Request as FTT Jumps 50%

President Trump previously ruled out a pardon for Sam Bankman-Fried—but the FTX founder has applied for one anyway.

Sam Bankman-Fried, the co-founder and former CEO of the collapsed cryptocurrency exchange FTX, moved forward with a new legal effort on Monday by filing a request for a presidential pardon from President Trump. Bankman-Fried’s Pardon Bid Bloomberg reported that Bankman-Fried submitted an application to the Office of the Pardon Attorney within the US Department of […]

Sam Bankman-Fried has formally filed a presidential pardon application while continuing to challenge his conviction and 25-year prison sentence through the U.S. appeals process. According to the U.S. Department of Justice’s Office of the Pardon Attorney website, the former FTX…

Bankman-Fried's clemency plea highlights ongoing debates over presidential pardon powers and their impact on justice for financial crimes. The post Sam Bankman-Fried formally asks Trump for clemency over multi-billion dollar crypto fraud conviction appeared first on Crypto Briefing.

Bitcoin flashes only its second weekly bullish divergence on record, a signal that previously preceded a 755% BTC price rally.

The recent crypto market turmoil highlights the risks of overleveraging and the fragility of investor sentiment, impacting market stability. The post Over $5.7 billion in long positions liquidated in 7 days as crypto markets face worst week since FTX collapse appeared first on Crypto Briefing.

The failure of out-of-court restructurings may lead to stricter creditor demands, complicating future debt management and increasing bankruptcies. The post Bloomberg highlights $165B distressed debt opportunity from failed corporate restructurings appeared first on Crypto Briefing.

Bitcoin closed the week of June 5, 2026 down by almost 20%, its highest single-week percentage decline since the collapse of FTX in November 2022. The last time the market saw a candle this red, it was during the cycle bottom.  This time, however, the current setup is more complicated, as Bitcoin is reacting to a combination of institutional selling pressure, ETF weakness, and fading confidence after a failed recovery attempt above $82,000. Related Reading: XRP Monthly RSI Drops To All-Time Low As Market Watches For Confirmation Bitcoin’s Drop Brings Back The FTX Comparison Bitcoin’s price action in the first week of June was one of its most notable weeks in history. BTC opened the week around $73,760, briefly pushed as high as $74,092, and then fell to a low of about $59,130, according to data from TradingView.  The move translates to a decline of about 19.5% from the weekly open to the low and 20.1% from the high to the low, making it Bitcoin’s worst weekly percentage drop since the