Sam Bankman-Fried's defense gears up to challenge testimonies about FTX's financial ties using expert Joseph Pimbley. Meanwhile, Chainalysis indicates a concerning trend as the US loses grip over stablecoin market oversight, with a surge in transactions to non-US-licensed platforms. ARK Investment Management, under Cathie Wood, has strategically divested from the Grayscale Bitcoin Trust amidst a volatile Bitcoin market and potential ETF launches. In other updates, Coinbase debunks rumors of imposing a withdrawal limit, even as they grapple with trading disruptions during Bitcoin's price surge. Lastly, hardware wallet provider, Ledger, unveils its cloud-based recovery tool, "Ledger Recover," offering users an additional safety net for their digital assets.