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.
SUI has recently seen a 12% rise in the past 24 hours, bringing back some investor confidence. However, this price increase could prove disastrous for traders, as it may trigger significant liquidations if the altcoin reaches a key price level.
The recent rally is a double-edged sword with potential consequences for short traders.
SUI Traders Face Losses
According to liquidation data, SUI faces a potential $96 million worth of liquidations if its price hits $3.48. This would primarily impact short traders, who have positioned themselves for a price decline.
Should SUI rise towards this critical level, short contracts would be liquidated, forcing traders to cover their positions and further propelling the price increase.
This potential liquidation event highlights the volatility of SUI and the risks involved for traders who are betting against it. With a surge in price, short traders might be forced to exit their positions, inadvertently fueling the uptrend.
As a result, this scenario could exacerbate the price rally, putting both short and long traders at the mercy of unpredictable price movements.
Despite the recent 12% rise, the Chaikin Money Flow (CMF) indicates a decline, signaling a lack of investment inflows. The CMF is currently showing negative momentum, suggesting that investors are not fully backing SUI’s price rise.
The recent gains appear to be driven more by short covering rather than a broad-based surge in buying interest.
Should the outflows continue, SUI’s price could face additional pressure. The lack of strong buying support, coupled with the decline in CMF, suggests that the recent rally may not be sustainable.
If these outflows persist, they could lead to a price reversal, diminishing the optimism generated by the recent gains.
At the time of writing, SUI is trading at $3.27, having risen by 12% in the last 24 hours. The price is currently facing resistance at $3.33, which has proven to be a significant barrier in the past.
Given the ongoing outflows, it seems unlikely that SUI will break through this resistance level in the near term.
If SUI fails to breach the $3.33 resistance, it could retrace to lower levels, such as $3.13 or $2.91, wiping out the recent gains. This would mark a continuation of the consolidation phase, as the lack of strong buying pressure prevents further upward movement.
However, the Parabolic SAR indicator is approaching a key level, with a potential flip below the candlesticks that could signal the start of an uptrend.
If SUI successfully breaks through $3.33, the price could rise to $3.48. A breach of this level would invalidate the bearish outlook, triggering a wave of liquidations on short positions and further boosting the price.
Open Builders, the team behind Notcoin, Lost Dogs, and Not Pixel, has announced the launch of Not Games in March. The project aims to revitalize the Notcoin (NOT) ecosystem by introducing games where players can earn tokens for free.
Open Builders revealed this plan at a time when interest in Telegram-based mini-games has dropped significantly, and TON’s user base has fallen to its lowest level in a year.
Notcoin (NOT) Seeks to Renew User Interest Through Not Games
In a press release shared with BeInCrypto, Open Builders clarified that Not Games is not a standalone game on Telegram. Instead, it is an interconnected gaming ecosystem that links multiple titles.
Within this ecosystem, Open Builders will introduce Game Profiles, shared inventories, and an in-game marketplace where players can trade with each other. This system gives the NOT token a broader use case, and it’s expected to transform the token from a simple tap-to-earn reward into a valuable asset within the gaming economy.
“Instead of fragmented tokenomics, Not Games will integrate NOT as the primary currency for purchases, upgrades, and rewards across all games. Every three weeks, the most skilled players will compete for rewards in NOT, ensuring a play-to-win experience, rather than a pay-to-win model.” – the Notcoin team told BeInCrypto.
Currently, Open Builders has already launched a game called VOID and confirmed that at least five more games are in development.
However, Google Trends data indicates that interest in Notcoin has sharply declined and has nearly faded by 2025.
Notcoin Performance on Google Trends. Source: Google Trend.
Additionally, Tgstat data reveals that the Notcoin Community’s Telegram membership has dropped by nearly 2 million since the beginning of the year.
Even after NOT’s listing on Kraken in mid-February, its price only surged briefly on the listing day before continuing its downward trend, hitting new lows in 2025. This suggests that investor interest in NOT has faded.
Moreover, Artemis data shows that daily active addresses on The Open Network (TON) have dropped from 2.4 million in October 2024 to just 130,000 at the time of writing.
The declining TON user base poses a major challenge for Notcoin (NOT) and its efforts to build a sustainable ecosystem.
Ethereum (ETH) is facing a sharp correction, dropping 11% over the past week as bearish momentum continues to dominate. The Relative Strength Index (RSI) remains weak, showing a lack of strong buying pressure, while the Directional Movement Index (DMI) confirms that sellers are still in control.
Additionally, the Exponential Moving Averages (EMA) are in a firmly bearish structure, suggesting that ETH could soon test critical support levels at $1,756 and potentially fall below $1,700 for the first time since October 2023.
ETH RSI Shows the Lack Of Buying Pressure
Ethereum Relative Strength Index (RSI) is currently at 34.4, recovering slightly after briefly dipping to 27.4 yesterday. The RSI has remained below the 50 mark for three consecutive days, signaling that bearish momentum is still dominant.
The RSI measures the speed and magnitude of recent price changes to assess whether an asset is overbought or oversold.
Typically, an RSI above 70 indicates overbought conditions, suggesting potential for a pullback, while an RSI below 30 signals oversold conditions, implying that selling pressure may be overextended and a bounce could be imminent.
With ETH’s RSI now at 34.4, it suggests that while the asset is still in bearish territory, the extreme selling pressure seen yesterday has eased slightly.
The brief dip below 30 signaled an oversold condition, which often leads to short-term relief rallies. However, for ETH to regain bullish momentum, the RSI would need to climb back above 50, indicating a shift in market sentiment.
Until then, any upward movement could face resistance, and the broader trend remains weak unless sustained buying pressure pushes ETH out of this bearish zone.
Ethereum DMI Shows The Current Downtrend Is Strong
Ethereum Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) is currently at 29.82, rising from 21.9 yesterday.
The ADX measures the strength of a trend, with values above 25 indicating a strong trend and readings below 20 suggesting a weak or nonexistent trend. Given the ADX’s sharp increase, it confirms that ETH’s ongoing downtrend is strengthening.
The +DI (positive directional index) has dropped to 15.4 from 23.1 in the past day, while the -DI (negative directional index) has surged to 37.8 from 27.3, reinforcing the dominance of sellers in the market.
With the -DI significantly above the +DI, it signals that bearish momentum is intensifying, and sellers continue to control ETH’s price action.
The decline in +DI suggests that buying pressure is weakening, making it more difficult for ETH to stage a recovery. Unless the +DI begins to rise and crosses above the -DI, ETH’s price is likely to remain under pressure.
Given that the ADX is nearing 30 and still climbing, the downtrend appears well-established, and any short-term relief rallies may face strong resistance before a meaningful trend reversal can occur.
Ethereum Is Still Struggling Below $2,000
Ethereum Exponential Moving Average (EMA) lines are displaying a strongly bearish setup, with short-term EMAs positioned below long-term ones.
This alignment confirms the continuation of downward momentum, with ETH having dropped over 11% in the last 24 hours. If the current trend persists, ETH could test the critical support at $1,756, a level that could determine whether further declines are imminent.
A breakdown below this support would expose Ethereum’s price to a potential drop below $1,700, a level not seen since October 2023, further reinforcing bearish sentiment in the market.
However, if ETH manages to reverse its downtrend, the first key resistance to reclaim would be at $1,996. A successful breakout above this level could trigger a stronger recovery, pushing ETH toward the next resistance at $2,320.
If bullish momentum accelerates, Ethereum could extend gains toward $2,546, a level that would mark a complete shift in trend structure.
For this to happen, ETH would need sustained buying pressure and a bullish EMA crossover, signaling a transition out of its current bearish phase.
