News: The crypto market remains heavily influenced by the fallout from the FTX collapse, with ongoing legal actions and regulatory discussions dominating headlines. Senator Sherrod Brown's comments on potential crypto bans and SEC Commissioner Hester Peirce's critique of the Howey test highlight the increasing regulatory scrutiny. While the Ethereum Merge continues to be a long-term positive, short-term sentiment is weighed down by these regulatory uncertainties and the lingering effects of past failures.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "neutral", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.5, "key_reason": "The FTX collapse represents a systemic risk event that has severely damaged trust and liquidity in t"}