Sam SBF Bankman-Fried testified this week in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research while acknowledging making big mistakes during the companies’ explosive growth. Highlights of his testimony include denying directing his inner circle to make significant political donations in 2021, as well as claims that FTX’s terms of use covered transactions between Alameda and the crypto exchange. Additionally, Bankman-Fried testified that he requested additional hedging strategies for Alameda in 2021 and 2022, but they were never implemented. The trial is expected to conclude within the next few days.
Google (NASDAQ:GOOGL) searches for buy Bitcoin have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week. According to research from Cryptogambling.tv, the search term buy Bitcoin spiked a staggering 826% in the U.K. over the course of seven days. In the United States, data from Google Trends shows that searches for should I buy Bitcoin now? increased by more than 250%, while more niche searches, including can I buy Bitcoin on Fidelity? increased by over 3,100% in the last week. Zooming out further, the search term is it a good time to buy Bitcoin? saw a 110% gain worldwide over the last week.