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Adam Yedidia, an SBF friend and former FTX employee, delivered testimony on Thursday. Asked for his reason for resigning, Yedidia stated<\/a>,<\/p>\n \u201cIf Alameda took the money, it meant it did not have money of its own. It meant the money was simply gone.\u201d<\/p>\n<\/blockquote>\n The AUSA also asked why his view changed about FTX, to which he replied<\/a>,<\/p>\n \u201cFTX defrauded its customers.\u201d<\/p>\n<\/blockquote>\n However, asked whether he knew Alameda was spending the money from depositors, Yedidia said<\/a>, \u201cNot until the end.\u201d<\/p>\n Gary Wang also gave testimony on Thursday.<\/p>\n Gary Wang is the former MIT roommate of SBF and the co-founder of FTX. The former crypto billionaire signed<\/a> a plea agreement with the US DoJ in December 2022 on four counts, with a maximum statutory sentence of 50 years. Giving testimony shortly after Adam Yedidia, Gary Wang admitted<\/a> to committing crimes at FTX, saying, \u201cYes, with Nishad Singh, Caroline Ellison, and Sam Bankman-Fried.\u201d<\/p>\n Wang elaborated on the wire fraud charges, saying<\/a>, \u201cWe allowed Alameda to withdraw unlimited funds.\u201d<\/p>\n Gary Wang acknowledged that SBF directed him to write code to give Alameda Research unlimited access to FTX user accounts.<\/p>\n Nishad Singh and Caroline Ellison have also signed plea agreements with federal prosecutors.<\/p>\n While SBF listened to testimony in court, the Southern District Court of New York announced<\/a> the seizure of two private jets owned by SBF.<\/p>\n BTC<\/a> held above the 50-day and 200-day EMAs<\/a>, affirming bullish price signals. Significantly, the 50-day EMA moved away from the 200-day EMA, signaling a bullish trend.<\/p>\n A BTC move through the $28,187 resistance level would support a return to the Monday high of $28,593.<\/p>\n However, a break below the EMAs would bring the $26,755 support level into play.<\/p>\n BTC-spot ETF-related news and SEC v Coinbase (COIN<\/a>) and Ripple case<\/a>-related news need consideration.<\/p>\n The 14-Daily RSI reading of 57.57 supports a BTC move to the $28,187 resistance level before entering overbought territory.<\/p>\n\n
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Technical Analysis<\/h2>\n
Bitcoin Analysis<\/h2>\n