FriendTech has relinquished control of its project smart contracts, transferring them to an Ethereum null address. The platform, which generated only $21 in revenue over the past 30 days, appears to be winding down operations. In other news, the Sahm Rule indicates that a US recession remains likely, but the crypto market may be poised for a bullish reversal. Bitcoin saw a rally over the weekend, reaching $55,150 before undergoing a correction.