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Sam Bankman-Fried’s parents are seeking a presidential pardon from Trump

  • Joseph Bankman and Barbara Fried have met with lawyers and members of president Donald Trump’s administration
  • Trump has already pardoned Silk Road creator Ross Ulbricht who served 12 years in prison
  • Early Bitcoin investor Roger Ver, who faces a 109-year prison sentence, has also asked Trump to help him

The parents of former FTX CEO Sam Bankman-Fried are seeking to get their son a presidential pardon from Donald Trump.

Stanford law professors Joseph Bankman and Barbara Fried have reportedly met with lawyers and members of Trump’s administration. According to Bloomberg, the pair hopes to receive clemency for their son, who is serving a 25-year prison sentence.

Bankman-Fried was sentenced last March after being found guilt of fraud. The platform filed for bankruptcy in 2022.

Pardoning Ulbricht

The move comes as Trump gave a presidential pardon to Silk Road creator Ross Ulbricht in the first week of entering the White House.

During his presidential campaign, Trump promised that he would release Ulbricht – who served 12 years in prison – if he was re-elected as president.

According to the report, Bankman-Fried previously called his sentence “draconian” despite FTX customers having recovered most of their money. In December, it was reported that the crypto exchange would begin repaying customers in early January.

Gary Wang, FTX co-founder, avoided a prison sentence in November with judge Lewis Kaplan sentencing him to time served. Nishad Singh, an ex-FTX executive, also avoided a prison sentence.

However, Caroline Ellison, the former CEO of Alameda Research – the sister company to FTX – received a 24-month prison sentence in September.

Last Sunday, early Bitcoin investor Roger Ver posted a video message on X calling on Trump to help him avoid a prison sentence of up to 109 years. In his message, Ver wrote: “Mr. President, I am an American, and I need your help. Only you, with your commitment to justice, can save me @realDonaldTrump.”

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Coinbase acquires on-chain ads platform Spindl

  • Crypto exchange Coinbase has announced the acquisition of Spindl.
  • The on-chain ads and attribution platform was founded in 2022 by former Facebook ads team member Antonio Garcia-Martinez.

Coinbase has acquire Spindl, an on-chain ads and attribution platform.

The US-based cryptocurrency exchange announced the acquisition on Jan. 31, noting in a blog post that the deal is crucial to the exchange’s plans to the next one billion users on-chain.

Coinbase will use the newly-acquired platform to accelerate onchain ads traction.

This will see the exchange support developers who build apps aimed at bringing more users to the blockchain and web3 ecosystem. Spindl will help Coinbase improve “the onchain discovery problem” facing on-chain builders.

“The Spindl team brings unmatched expertise in onchain advertising, helping builders accelerate their reach while bringing more users onchain by connecting builders with both Coinbase users and users across the onchain economy. Their work will be crucial to expanding the ways we elevate and support builders,” Coinbase wrote in the blog post.

Spindl will continue to run on Base, with its support for current customers remaining uninterrupted.

Former Facebook ads team member Antonio Garcia-Martinez founded Spindl in 2022. His role at Facebook included shipping the social media platform’s first release of keyword targeting and audience targeting.

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Traders flock to Dogizen as Bitcoin and Ethereum stall

In 2009, Bitcoin was launched as a digital asset challenging the fiat currency. What started with almost no intrinsic value is now priced at $104,501.71 and may hit $200,000 before the year ends. 

Over the years, savvy investors have found great opportunities in innovations designed to revolutionize the industry. Dogizen is out to do exactly that. 

As the first Telegram ICO, the project is leveraging on the reach of this social media app and the steady popularity of GameFi coins. With less than a week before the end of its presale, crypto enthusiasts acknowledge that the project may soon explode and are rushing to accumulate some DOGIZ  tokens at the cheap price of $0.000085. 

Bitcoin price trades within a range as bulls gather momentum 

At the start of the week, Bitcoin dropped below the psychologically crucial zone of $100,000 amid the DeepSeek sell-off that shook the US stock market. However, it has since rebounded to trade at $104,501.71 as at the time of writing. 

The speed with which this cryptocurrency has gotten back on its feet is proof of investor confidence in digital assets. With a pro-crypto US administration in place and optimism over heightened institutional adoption, the market participants expect it to rally to $200,000 in 2025.

In the short term, the range between the 20-day EMA at $102,077.04 and the resistance at $107,500 will be worth watching. If successful at breaking that resistance, the bulls’ next target will be at $108,808.90. However, this thesis will be rendered invalid if it pulls back past the 50-day EMA at $98,645.11. 

Bitcoin Price Chart
Bitcoin Price Chart

Dogizen’s strategy and timing sets it for parabolic growth in the multi-billion GameFi sector

In recent years, innovations have revolutionized the cryptocurrency industry while offering in-dismissible opportunities to crypto enthusiasts. For instance, GameFi, which is one of the subsectors that has captured participants’ attention, has a market cap of over $19 billion. 

Projects like Notcoin and Hamster Kombat, which were both launched in mid-2024 have grown into high-value tokens with market caps of $450 million and $172 million respectively. Dogizen, a new entrant in the industry, has the potential to top these figures in coming months.

Indeed, it has some competitive advantage over its rivals. For starters, it followed the route of a presale as opposed to the concept of free airdrops employed by the likes of Hamster Kombat. 

Notably, Dogizen’s approach has attracted actual investors looking to benefit from the 2025 bull run by holding on to their DOGIZ tokens even after its listing. This lowers the likelihood of token dumps and price crashes. 

Besides, based on the set target, Dogizen is starting out at a lean market cap of below $10 million. This perfectly sets it for parabolic growth with its early adopters set to profit heftily. Buy the Dogizen token here.

Ethereum price eyes January high as crypto majors exhibit resilience

Ethereum price extended its previous gains on Friday as the cryptocurrency market recovers from the recent DeepSeek sell-off. As at the time of writing, the altcoin was at $3,399.49 after recording gains of 3.88% over the past 24 hours.

At its current level, the bulls are striving to break the resistance at $3,415. If successful, the next target will be January’s high at $3,528.15. On the lower side, a pullback will likely have it find support along the 20-day EMA at $3,266.42. This thesis will hold for as long as ethereum price continuess to trade above the lower support zone of $3,218.44.

 

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