Sam Bankman-Fried testified about the collapse of FTX. While he denied the accusations between FTX and Alameda Research, he acknowledged that the companies made major mistakes during their explosive growth. The case is expected to be concluded in the coming days.

Google searches for “buy Bitcoin” have increased by more than 800% in the last week in the UK. In the USA, the question "should I buy Bitcoin now?" searches increased by more than 250%.

The US Court issued an order following a ruling requiring SEC review of Grayscale's spot Bitcoin ETF application. This cleared the way for the SEC to review its decision on Grayscale's spot Bitcoin ETF.

In a final move, Coinbase rejected the SEC's crypto authority and tried to block the regulator from filing a lawsuit. Coinbase argued that cryptocurrencies, which the SEC recognizes as security, are not within its regulatory scope.

Gemini filed a lawsuit against bankrupt crypto lender Genesis. At issue is the fate of 62,086,586 shares of Grayscale Bitcoin Trust. This collateral is currently worth approximately $1.6 billion.

At the end of the week, Bitcoin (BTC) is at $34,143, Ether (ETH) is at $1,789, and XRP is at $0.54. The total market cap is at $1.26 trillion, according to CoinMarketCap.

What do you think happened in the cryptocurrency market this week? We are waiting your comments!#crypto#weeklydigest