Sam Bankman-Fried has withdrawn his motion for a new trial, according to a court filing reported by Cointelegraph. The ex-FTX CEO stated he consulted with his parents and lawyers on the recent filing from prison but claimed to be the "ultimate author of the documents."

If this signals diplomatic restraint, markets could price in lower geopolitical risk—watch for crypto pricing sensitivities near risk events. $BTC $ETH