[Weekend Key News Review] 10x Research: Bitcoin may be adjusted to $63,000; the US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion; Grayscale has submitted a revised Ethereum Trust Form 19b-4 to the US SEC

[10x Research: Bitcoin may adjust to $63,000]

Comparing news, 10x Research released the latest report (author Markus Thielen), saying that the prospects for Ethereum ETF approval seem less optimistic; recent inflation data in Europe and the US have been released, and the reluctance of central bank officials to promise interest rate cuts further dampened market sentiment, leading to a Bitcoin sell-off during the Asian trading session.

Given these factors, Bitcoin could drop to 63,000 as a potential target and then resume the uptrend.

Furthermore, altcoins closely linked to Ethereum's rise may have reached a short-term top, and tokens like SHIB have seen a significant surge in trading volume.

[The US Department of Justice recommended that SBF be imprisoned for 40 to 50 years and fined him $11 billion]

Comparing news, in a sentencing memorandum submitted on Friday, US Department of Justice prosecutors urged judges to sentence FTX founder Sam Bankman-Fried (SBF) to 40-50 years in prison for fraud. The Justice Department's Southern District Office of New York wrote that SBF “lied to investors,” shared false documents, and “injected millions of dollars into our political system in illegal donations,” adding that a prison term of 40 to 50 years was “necessary,” while recommending judgement and seizure of more than $11 billion of funds.

SBF was found guilty of seven different counts of fraud and conspiracy after a month-long trial relating to the operation and collapse of the two companies he founded, FTX and Alameda Research, and he is scheduled to be sentenced on March 28.

[Grayscale has submitted a revised Ethereum Trust Form 19b-4 to the US SEC]

In comparison, Grayscale's Chief Legal Officer Craig Salm wrote on the X platform that Grayscale has submitted a revised Form 19b-4 of the Ethereum Trust (ETHE) to the US SEC, which is an important step in listing ETHE on NYSE Arca.

[Nigeria SEC plans to raise crypto exchange registration fees to $93,000]

Comparative news, according to Cointelegraph, the Nigerian SEC plans to increase the registration fee for crypto exchanges from $18,620 to $93,000, including filing fees and application fees.

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