A new crypto collapse update is out! This one is on David’s blog. [David Gerard]

Sam’s trial is wrapping up. He took the stand, a terrible move, and predictably, prosecutors ate him alive. Now the jurors will decide on his guilt or innocence.

Elsewhere in crypto, Tether is making loans again, Celsius creditors still getting soaked, the proper regulator for crypto is the DOJ, and Twitter is going down the toilet.