The crypto market continues to rebound, with Ethereum breaking above $1,700 and Bitcoin rising above $64,000.
June 8 – According to HTX market data, the cryptocurrency market extended its rebound after U.S. stock markets opened today. Ethereum crossed above $1,700, notching a 4.79% gain in the past 24 hours. Bitcoin bounced back above $64,000, adding 3.78% over the same period. Solana (SOL) rose to above $67, climbing 4.44% in 24 hours.
Turning to crypto-linked stocks: MicroStrategy (MSTR) surged 6.87%, Coinbase Global (COIN) climbed 6.12%, Circle Internet Financial (CRCL) rose 4.04%, DraftKings (SBET) gained 8.67%, Bit Mining (BMNR) advanced 8.30%, Robinhood Markets (HOOD) was up 3.15%, and HYPE Treasury’s PURR rose 6.39%.
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$500 million Entry, $1.3 billion Fire Sale, now worth $77.2 billion, the AI powerhouse SBF once bet on can now "fill" 10 FTXs
June 8. As SBF officially filed a pardon request with U.S. President Trump today, a figure continues to linger in the minds of all insiders not behind bars: the stake he bought using client funds on the eve of the AI explosion is now valued at roughly $77.2 billion on today’s books—nearly 10 times the size of FTX’s bankruptcy that year.
Back in April 2022, “large language model” was still a niche concept in academic circles. SBF led a $500 million investment in Anthropic’s Series B round via his firm Alameda Research, taking 86% of the round’s shares and securing roughly 8% equity in the startup. At the time, Anthropic was valued at just $25 billion. Seven months later, FTX imploded.
In hindsight, the receivership legal team’s moves looked like a cutthroat fire sale. In 2024, the bankruptcy liquidator offloaded this 8% stake in two batches, netting a total of roughly $1.3 billion. Buyers included Abu Dhabi’s sovereign wealth fund Mubadala and Jane Street, SBF’s former employer—a bitt
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SBF Amnesty Application, Appeal, and Retrial Proceed Simultaneously, Legal Team Betting on Multiple Exit Strategies
June 8 — FTX co-founder Sam Bankman-Fried (SBF) is simultaneously pursuing three distinct legal paths to overturn his 25-year sentence: submitting a formal pardon application to U.S. President Donald Trump, advancing an appellate challenge to his conviction, and filing a motion for a retrial, per public legal filings and analyst observations.
His appeal to the U.S. Second Circuit Court of Appeals against his conviction (Case No. 24-961) completed oral arguments in November 2025 and is currently pending a ruling. The appeal centers on disputes over evidence admissibility rules, procedural flaws in the original trial, and allegations of bias against the presiding judge.
Separately, in February 2026, SBF’s mother Barbara Fried filed a motion for a new trial in the Southern District of New York federal court under Federal Criminal Procedure Rule 33. The filing claims violations of due process during the case proceedings and requests the court to order a full retrial.
Analysts highlight
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Flash Whale "nemorino.eth" Acquires 6329 ETH at an Average Price of $1692
On June 8, monitoring from OnchainLens shows that whale trader "nemorino.eth" bought 6,329 ETH at an average price of $1,692, using 10.71 million USDC for the purchase. The linked wallet address is: 0x8aecc5526f92a46718f8e68516d22038d8670e0d.
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After a short-term surge of over 77%, FTT has retraced and is currently trading at $0.335.
June 8: HTX market data shows FTT briefly surged over 77% before retracing, and is now trading at $0.335.
Earlier, Bloomberg reported that FTX co-founder Sam Bankman-Fried (SBF) has formally submitted a pardon application to U.S. President Trump, seeking to overturn his 25-year prison sentence stemming from the FTX fraud case.
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Israeli Defense Minister: Rejecting Iran's Threat, Will Continue to Confront Hezbollah
June 8: Israeli Defense Minister Gantz stated that any attack on Israeli northern settlements would result in a strike on Dahiyeh, a neighborhood in southern Beirut.
The Israel Defense Forces will continue targeting the Hezbollah terrorist organization inside Lebanon. Israel firmly rejects Iran’s threats. Any Iranian attempt to tie Lebanon to itself to carry out an attack on Israel will receive a strong response—just like the one Israel deployed yesterday, Gantz emphasized.
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