X News’ Sam Bankman-Fried wrote, “Another excellent quarter for stocks.” The message came despite serving 25 years in prison for the FTX fraud.
An authorized representative of the prison sent this, since Bankman-Fried does not have a direct connection behind the prison. This period coincided with the end of the best market in the market since 2020.
Stocks Close Their Best Quarter Since 2020
The Dow, S&P 500, and Nasdaq each closed higher on June 30. The S&P 500 gained 0.8%, and the Nasdaq rose 1.5%. Both had their best quarter since 2020.
Benefits did happen though To kill The arguments were weighed down by many opinions. The Dow entered its biggest quarterly jump since 2022. Meanwhile, technology stocks led the way, with the semiconductor index gaining 3.9% on the day.
This meeting adds a long way. Shares it has surpassed Bitcoin over the past five years. A $1,000 stake in the S&P 500 as of 2021 is now worth more than a current bet on the index.
Traditional markets also grabbed some headlines this week. SpaceX’s Nasdaq 100 debut is set for July 7. It shows the fastest integration on record.
A quarterly meeting he tracked down information about the cooling operations and the end of Iran. Together, they pushed the indexes to record highs at the close.
SBF’s Pardon Play From Behind Bars
Market watchers see the tweet as part of a broader image campaign. Bankman-Fried wants to establish itself as a market-savvy voice in traditional finance. The document is remembered as the architect of the collapse of $ 8 billion.
The preparation is consistent with its approval process. Bankman-Fried granted a presidential pardon through the Department of Justice in early June. Trump, however, has repeatedly denied that he would receive clemency.
That request faces many challenges. Federal appeals court he confirmed his conviction and judgment in early June. Jurors rejected claims that the trial judge lacked necessary evidence. The post follows the same playbook, with the goal of updating his image as his appeal continues.
FTX Token FTT Pumps, Then Crashes
Trading bots performed within a few minutes at the X post of SBF. Image of FTX a symbolFTT, jumped briefly to 11%. Then it quickly erased all movement.
FTT is now trading near $0.23, still the lowest in 2021 to $84. The symbol is above the multi-year low of $0.22, reached at the beginning of June.
FTT’s trading volume remains low compared to the major brands. The rapid change indicates a decrease in water, not a re-influence, which caused the rise.
A Bankman-Fried agent may continue to post market reviews. Whether it works depends on how much credibility, not just interest, the effort can still buy him.
A note Sam Bankman-Fried is posting Market Taken Now appeared for the first time BeInCrypto.
