Ryan Salame, the former FTX executive sentenced to 7.5 years in prison, is seeking to have his conviction vacated, alleging that the government breached a plea deal. According to court filings, Salame agreed to plead guilty to campaign finance violations in exchange for the government dropping its investigation into his partner, Michelle Bond.
Bond, a former Republican congressional candidate and now a fintech think tank CEO, is under investigation by federal prosecutors for alleged campaign finance violations related to contributions made by Salame and others to her 2022 congressional campaign.
Salame’s attorneys argue that the government used the plea negotiations to coerce Salame into accepting a guilty plea by threatening to pursue charges against Bond. Despite Salame’s cooperation, the government allegedly failed to honor its implied commitment to drop the investigation.
The filing states that Salame is entitled to hold the government accountable for its assurance and is requesting that the court either withdraw his plea or order specific performance from the government.
Salame’s public stance on the matter remains defiant, as he expressed his hope that his court filing will encourage others to be honest and expose “un-American tactics.” He emphasized the importance of a just and fair justice system, highlighting the fragility of such institutions.
It's all true but I just made a court filing I'm pretty nervous about because I know it means the most powerful body in the world is going to come at me and my loved ones again, but I'm hoping it encourages more people to be honest and tell the truth and expose un-American…
This legal battle between Salame and the government sheds light on the complexities of plea deals and the potential for government overreach. As the case progresses, it will be interesting to see how the court responds to Salame’s claims and whether the government will be held accountable for its alleged breach of the plea agreement.
Saros, the Solana-based altcoin, has been on an impressive uptrend over the past month. The token’s price has formed new all-time highs (ATHs) nearly every day throughout March.
However, with the momentum showing signs of slowing, investors are wondering if this rally is nearing its end.
SAROS Refrains From Following Bitcoin
The correlation between Saros and Bitcoin (BTC) is currently negative, sitting at -0.43. This negative correlation has worked in Saros’ favor, as it allowed the altcoin to perform well during Bitcoin’s struggles throughout March. While Bitcoin faced significant declines, Saros was able to rally largely due to this inverse relationship.
The shifting dynamics between Bitcoin and Saros will be key to the future price movement of the altcoin. Should Bitcoin regain its upward momentum, Saros may face increased selling pressure. This is because the negative correlation that has benefited Saros may reverse, impacting the altcoin’s ability to maintain its upward trajectory.
The overall macro momentum of Saros shows that investor interest has remained strong. The Chaikin Money Flow (CMF) indicator has been increasing steadily over the past month, signaling consistent inflows.
Recently, it crossed the saturation threshold of 0.7, a level that has historically led to price corrections. This suggests that while Saros has experienced significant gains, the market may be nearing an overbought condition. If profit-taking begins, a price pullback is highly probable for the altcoin.
Saros has surged by an astounding 1,024% since the beginning of March, trading at $0.153 as of now. Throughout March, the altcoin has formed new ATHs almost daily, reflecting strong investor sentiment and demand.
The current ATH stands at $0.163, and the momentum could continue pushing the price upwards, potentially reaching $0.200 if the uptrend remains intact. However, as the price continues to rise, the risk of profit-taking increases.
If Saros faces such a pullback, it could fall back towards the $0.100 support level. If the altcoin loses this key support, the price could drop further to $0.055, invalidating the bullish outlook. Investors should keep an eye on these levels as they will help determine whether the current rally is sustainable.
Semler Scientific just announced its ambitious plans to acquire 105,000 bitcoins by the end of 2027. The firm also hired a new Director of Bitcoin Strategy to help realize its long-term growth targets in this field.
The firm is currently listed on NASDAQ in the US, with its stock prices down nearly 40% in 2025. However, the company’s share prices briefly rallied today after the Bitcoin announcement.
Semler Scientific to Follow MicroStrategy’s Playbook
Today, it has announced even more ambitious by setting this monumental goal:
$SMLR appoints Joe Burnett @IIICapital as Director of Bitcoin Strategy. Announces three-year plan to own 105,000 #Bitcoins by Year-End 2027. So fired up to have Joe on board to help with this exciting new chapter in Semler’s $BTC mission.
At the current price, 105,000 bitcoins would translate to around $11 billion. However, the price of Bitcoin will likely change significantly by the end of 2027.
For instance, Pantera Capital estimated that BTC will reach $750,000 by April 2028. Regardless of corporate acquisition trends, Semler would almost certainly be a top-level BTC holder if it met this goal.
In other words, this kind of acquisition is a huge commitment. This helps explain why Semler Scientific is appointing Joe Burnett to be its new Director of Bitcoin Strategy.
“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 bitcoins. Joe is an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders,” claimed Chairman Eric Semler.
Surprisingly, Semler Scientific’s plan does not mention an initial Bitcoin purchase anywhere, nor does it say when these acquisitions will begin.
The firm currently holds 3,808 BTC and plans to reach 10,000 by the end of the year. At that rate, it would need to purchase 95,000 bitcoins in two years, which would be astonishing.
Bitcoin (BTC) has reclaimed the $99,000 mark for the first time in over two months, igniting optimism among analysts who anticipate a price breakthrough above the $100,000 mark soon.
Notably, BTC’s performance over the past month has been quite remarkable. Its value has appreciated by 31.8%, representing a strong comeback from its Liberation Day lows in early April.
Is Bitcoin on Track to Reach $100,000?
In the early Asian trading hours, the largest cryptocurrency reached $99,388, marking its highest price since February 21, 2025. At press time, Bitcoin’s price had adjusted to $98,874. BeInCrypto data showed that the coin experienced a slight 0.3% dip in the past hour.
Yet, this increase has fueled optimism that a rise to $100,00 is inevitable. Market participants on X (formerly Twitter) have echoed the positive outlook.
“Bitcoin is knocking on the door of $100,000 again. Tick, tock…,” Anthony Pompliano wrote.
Previously, a Bitfinex forecast suggested that if Bitcoin holds above $95,000, a revisit to its all-time highs becomes likely. This prediction appears to be materializing as Bitcoin now trades above this threshold.
Furthermore, several market indicators and developments support the bullish sentiment. An analyst revealed that Bitcoin has moved past a price range where many traders were holding short positions with high leverage.
“There is no significant resistance until around $100,000,” the analyst stated.
In their weekly newsletter, Glassnode also noted that Bitcoin’s realized cap has reached a record high of $889 billion, growing by 2.1% over the past month. This increase reflects rising investor confidence and capital inflows.
The firm pointed to signs of renewed market strength, with significant capital flowing back into Bitcoin, particularly through ETFs. Over the last two weeks, more than $4.6 billion has entered Bitcoin ETFs.
“The total AUM held within the US spot ETFs has now climbed to over 1.171 million BTC, which is just 11,000 BTC shy of the 1.182 million BTC ATH,” the newsletter highlighted.
This surge in inflows has largely reversed the earlier period of outflows, further indicating strong demand for Bitcoin.
“Strong ETF inflows, alongside improved investor confidence, helps to paint a picture of stronger tailwinds supporting the Bitcoin market,” Glassnode added.
Meanwhile, CryptoQuant highlighted that over the past three days, the amount of stablecoins sent to Binance has grown substantially. The peak was on May 6, when the inflow reached nearly $1 billion, making it the largest single-day deposit since April.
“Stablecoin inflows typically reflect investor readiness to enter the market, as these assets are often sent to exchanges in anticipation of buy-side activity,” the post read.
In addition, Binance’s latest reserve disclosure showed a decline in the holdings of several major cryptocurrencies, including Bitcoin, Ethereum (ETH), BNB (BNB), and Solana (SOL). In contrast, the 2.6% increase in Tether (USDT) reserves stands out.
This uptick in stablecoin holdings suggests a rise in liquidity. This signals that traders are positioning themselves for future market transactions.
Adding to the optimism, Tether dominance (USDT.D) has experienced a downtick. A decline in USDT.D typically indicates that investors are moving funds from stablecoins into other crypto assets, further fueling the rally.
Legislative progress is another tailwind for Bitcoin. Two Bitcoin-reserve bills have been enacted, and multiple more continue to advance through the legislative process. This implies that there is increasing institutional and governmental acceptance of Bitcoin.
As Bitcoin approaches the $100,000 threshold, investors are closely monitoring whether this rally will sustain its momentum or face resistance. With market conditions aligning favorably, the crypto community remains on edge for what could be a milestone for BTC.
