If you cashed out because of the FTX scam, then that was probably a smart move.
If you didn't, and it's business as usual for you, then it might be prudent to simply ignore the news at the moment as it will distract you from the charts. BTC, ETH and some <deleted>coins are moving higher quite aggresively.
Under normal market conditions I'd expect them to bring the BTC price back down to somewhere between 16476 & 16620 (ETH 1211-1231) before continuing higher, but things are not normal so let's wait and see.
Good luck if you are trading this move ????