In recent cryptocurrency news, Bitcoin's volatility has hit a five-year low, reflecting a decrease in trading volume and interest in the sector. Meanwhile, FTX owner Sam Bankman-Fried is facing a criminal case and a gag order, with high-profile figures arguing for his right to speak to the press. In Canada, the Lethbridge Police Service is leveraging Chainalysis software to combat crypto scams and recover stolen funds. Lastly, Elon Musk has declared that his social media platform, X (formerly Twitter), will never launch its own crypto token, despite the proliferation of fake tokens associating themselves with the platform and Musk himself.
