Market news: UK plans to ban consumers from borrowing to purchase cryptocurrencies such as Bitcoin

Forward Industries announced the authorization of a 1 billion share repurchase plan and disclosed its holdings of 1.1 billion SOL assets. After the announcement, the company's stock price fell by nearly 20%. （Cointelegraph）

Former FTX CEO Sam Bankman Fried has applied for a retrial of the case, but the appellate judge has expressed doubts about it. This may affect the progress of the case trial and its legal strategy. Subsequent attention should be paid to the court's final ruling on the application. （CoinDesk）

The largest crypto has now tumbled more than 20% since hitting a record high above $126,000 only one month ago.

One of the biggest advocacy groups for banking in the U.S. has asked the Office of the Comptroller of the Currency to dismiss Coinbase's licensing effort.

The Sam Bankman Fried team has appealed his 25 year sentence, claiming that he was not presumed innocent and key FTX evidence has been excluded. （Cointelegraph）