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Ethereum’s drop below $3,400 has erased its 2025 gains as crypto markets suffer over $1.1 billion in liquidations. With Bitcoin hovering near $100,000 and whales selling into weakness, traders fear the worst may not be over yet.
Bitcoin, Gold, and Silver are testing crucial support zones as markets brace for volatility ahead of the Supreme Court’s ruling on Trump’s tariffs. With BTC nearing $100,000 and metals slipping lower, traders are watching whether this week’s events spark a deeper correction—or a rebound across assets.
Sam Bankman-Fried’s appeal challenges his FTX fraud conviction, claiming a biased trial and excluded evidence denied him a fair defense. The decision could reshape one of crypto’s most infamous legal battles.
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The committee believes that caution should be maintained, and that outlook assessments should be continuously updated as data changes. There remains a high level of concern regarding the uncertainty of the outlook, regardless of its direction.
- 10:10U.S. appeals court skeptical of SBF's request to overturn cryptocurrency fraud convictionsChainCatcher news, according to Reuters, on Tuesday, the U.S. Second Circuit Court of Appeals expressed skepticism regarding SBF's appeal. His lawyers argued that the previous trial for the FTX fraud case was unfair, and therefore the 25-year sentence against SBF should be overturned. During the appeal hearing, a panel of three judges raised questions about key issues: Would the evidence excluded from the previous trial have affected the jury's guilty verdict? Circuit Judge Maria Araujo Kahn questioned SBF's lawyer, asking whether not challenging the sufficiency of the evidence was equivalent to admitting that the evidence was enough for conviction. The lawyer responded that even if the evidence was sufficient, procedural errors by the trial judge still affected the fairness of the trial. Prosecutor Nathan Rehn pointed out that the existing evidence was sufficient to prove that SBF stole customer funds. SBF's side argued that the previous trial did not allow the submission of evidence proving FTX's solvency at the time, resulting in a biased verdict. The prosecution emphasized that the chain of evidence, including the testimony of three witnesses and a large number of internal documents, was complete and sufficient for conviction. SBF is currently serving his sentence in a low-security prison in Los Angeles and is expected to be released in October 2044.
- 10:09Forward Industries' holdings of SOL tokens are currently at an unrealized loss of $382 million.According to Jinse Finance, data from DeFiLlama shows that the publicly listed exchange Forward Industries (NASDAQ: FORD) currently holds Solana (SOL) tokens worth $1.2 billion, with an unrealized loss of $382 million. The company purchased 6.82 million SOL tokens at an average price of $232, with a total acquisition cost of $1.583 billion, currently facing a floating loss of 24.13%.
- 10:09The "100% win rate whale" has increased their ETH short position to $28.31 million.According to Jinse Finance, on-chain analyst Yujin has monitored that the former "100% win rate whale" has increased their ETH short position to $28.31 million, with an effective leverage of 20x. The liquidation price is $3,399, less than $100 away from the current price.