Semler Scientific has filed with the U.S. Securities and Exchange Commission (SEC) to issue $500 million in securities. This move follows the company’s announcement of a $30 million settlement with the Department of Justice (DOJ). The funds raised are expected to be used for various corporate purposes, including acquiring more Bitcoin.
Semler Scientific Settlement with DOJ
Semler Scientific has reached a tentative agreement with the DOJ, agreeing to pay $29.75 million to settle claims related to marketing its flagship product, QuantaFlo. The settlement addresses accusations of potential violations of federal anti-fraud laws.
While the DOJ’s investigation started in 2017, it was only in recent months that Semler entered discussions to resolve the matter. The company stated that it has complied with several subpoenas over the years, which led to the current settlement negotiations.
In its Tuesday filing with the U.S. Securities and Exchange Commission (SEC), Semler disclosed that the settlement agreement is not final yet. If the agreement is approved, the company plans to use a loan from Coinbase, secured by its Bitcoin holdings, to fund the $30 million payment. Semler’s current Bitcoin holdings amount to 3,192 BTC, valued at approximately $267 million today.
Bitcoin as Collateral for Loan from Coinbase
To finance the settlement, Semler Scientific has partnered with Coinbase, one of the largest cryptocurrency exchange.
According to the terms of the contract, the firm will receive a cash and digital asset loan from it, backed by its BTC balance.
The crypto-based loan from Coinbase will ensure Semler has adequate balance to facilitate settlement without straining its balance in other aspects of its operations.
Plans for Further BTC Purchases
Not limiting itself to the $30 million DOJ settlement, Semler Scientific has hinted at intent to purchase more Bitcoin. To issue new securities, the company has submitted an S-3 for registration with the SEC in an effort to offer $500 million in securities.
The funds raised from this selling will increase the company’s Bitcoin holdings, which it has outlined as a plan to diversify cryptocurrency.
Semler’s intentions of acquiring more Bitcoin come simultaneously with those of other firms, such as Michael Saylor’s Strategy, which also accumulates the cryptocurrency. Just recently, Strategy bought 3,459 bitcoins for $285.8 million, and thus, it is now holding 531,644 bitcoins.
Similarly, Metaplanet has bought $26.3m worth of Bitcoins, demonstrating that the firm remains bullish in this market volatility. These purchases come in light of a potential reversal in the Bitcoin price that some analysts, such as the Titan of Crypto, have estimated to hit $137,000.
Lily Liu, President of the Solana Foundation, is looking beyond meme coins to establish Solana as the infrastructure for what she calls “internet capital markets.”
In an exclusive interview with BeInCrypto and a presentation at the 2025 Web3 Festival in Hong Kong, Liu outlined her vision for blockchain technology’s role in democratizing financial access.
From Meme Coins to the “Everything Chain”
“Solana has evolved from being the DeFi chain to the NFT chain, the gaming chain, the payment chain, and recently the meme coin chain,” Liu explained. “When you sum all that up, Solana is the everything chain.”
While meme coins drove Solana’s price to an impressive $290 high in January before falling 60% to around $120 today, Liu views them as just one transient asset class in a much broader ecosystem. “Meme coins are just one type of asset. There will be something else—there’s always going to be the tulip market and the beanie baby market. That’s been going on for a really long time. That’s just what humans do with or without blockchain,” Liu noted.
Despite price volatility, Solana’s Total Value Locked (TVL) reached an all-time high in April 2025, demonstrating continued investor confidence in the ecosystem beyond speculative assets.
The Crisis of Capital Access for Young Generations
Liu, who previously co-founded Earn.com (acquired by Coinbase in 2018) and served as CFO of Chinaco Healthcare Corporation, brings significant experience from building businesses in both the US and China to her current role at Solana. Her background in traditional finance gives weight to her critique of current capital markets.
“Fifty years ago, it took 25 hours of labor to buy one share of the S&P 500. Today, it takes 195 hours,” Liu noted in her presentation, highlighting how capital gains have become less accessible to average workers while losses are increasingly socialized through national debt.
This inaccessibility to capital markets has created anxiety among young people globally. Liu pointed to challenges in Korea and China, where housing prices have skyrocketed beyond what young professionals can afford without parental support.
“In Korea and China, the parents’ generation has retained the upside of a major asset class like housing. Young people’s ability to convert hours of labor into capital and freedom later in life has become extremely limited,” she observed. “In China, it creates huge anxiety for families where young men are culturally expected to own an apartment before marriage, yet average professional salaries make this impossible without parental help.”
Blockchain as Global Financial Infrastructure
Liu sees blockchain’s core purpose as creating a unified global financial infrastructure, similar to how the internet unified attention. “What crypto is doing is providing this unified infrastructure to unify the wealth, the transactions, the financial coffers of five and a half billion people,” she explained.
This infrastructure enables what Liu calls “internet capital markets,” making the full range of financial assets available to anyone with an internet connection. She contrasts the simplicity of downloading a crypto wallet against the complex paperwork of traditional banking and investment systems.
Lily Liu, President of Solana Foundation. Source: 2025 Web3 Festival Hong Kong.
For Liu, this infrastructure is particularly valuable in expanding access to equities and other assets that have both fundamental value and price discovery—currently reserved primarily for accredited investors even in developed markets.
Community-Based Capitalism and the Ownership Economy
Liu argues that blockchain offers an alternative to traditional economic systems. “In the last 100 years, we’ve come to accept that the dominant ownership models are either capitalist or communist—corporate ownership or state ownership,” she explained. “What Bitcoin proposed is that those aren’t the only choices.”
This has evolved into what Liu calls “community-based capitalism,” a term she uses to describe economic models where value accrues to network participants rather than just shareholders or the state. “Instead of universal basic income, which is essentially a welfare economy, crypto proposes universal basic opportunity,” she said. This model allows early participants in network building to share in the upside.
Liu contrasts this with traditional platforms like Uber, where early drivers who helped bootstrap the network received hourly pay but no equity upside. Her “ownership economy” concept refers to this more inclusive approach to capital formation where contribution and ownership are more closely aligned.
Solana’s governance reflects this philosophy, which was recently demonstrated in a controversial proposal to reduce inflation. Liu actively participated in this discussion, explaining that inflation reduction might seem efficient from a network security perspective but would potentially harm Solana as a yield-generating asset.
“Dynamic yield on an asset makes it a worse asset,” Liu emphasized. “If you have an asset yielding a fixed percentage annually, you price that very differently than an asset yielding at variable rates.”
Looking five years ahead, Liu envisions Solana enabling an ownership economy where blockchain creates new pathways for individuals to convert labor into capital, bringing “more inclusivity for five and a half billion people on the internet into capital markets.”
“The end state is moving into assets that have value, can also command price, and bring more inclusivity around the world,” Liu concluded. “This is where crypto is going.”
VanEck has outlined several potential budget-neutral strategies that could enable the United States to expand its Bitcoin reserve without using taxpayer funds. The analysis, shared by Matthew Sigel, explores financial mechanisms that leverage existing assets, modify regulatory policies, and introduce new debt instruments.
VanEck Suggests Gold Revaluation and Bonds to Boost US Bitcoin Reserve
After President Trump’s executive order to create a Strategic Bitcoin Reserve, Matthew Sigel shared insights on X. He outlined ways the U.S. government could expand its Bitcoin holdings without impacting the federal budget. One key strategy involves revaluing gold reserves, which would require congressional approval but could generate substantial financial resources. By adjusting the official valuation of gold, the government could unlock additional capital to acquire more Bitcoin.
Another option involves issuing Bitcoin-backed bonds. Under this plan, the U.S. Treasury could sell bonds priced above face value and allocate a portion of the proceeds toward purchasing Bitcoin. This approach would not impose new taxpayer costs, as Bitcoin would serve as collateral. The Treasury could repay bondholders with either Bitcoin or U.S. dollars upon maturity. This method could appeal to institutional investors while incorporating Bitcoin into government debt instruments.
Meanwhile, the OCC has cleared the way for Federal Banks to engage in cryptocurrency activities, including stablecoin transactions and custody services. The new guidance also allows banks to participate in DeFi activities like node validation without requiring prior licensing. This move signals a significant shift in crypto regulation under the Trump administration.
Utilizing the Federal Reserve and IMF for Expansion
VanEck also suggested modifying the Federal Reserve’s surplus policies to facilitate Bitcoin acquisitions. Before 2015, the Federal Reserve maintained larger surplus funds, but legislative changes limited these reserves. By adjusting surplus regulations, the Fed could allocate excess funds toward expanding the Bitcoin Reserve. However, such a move would require congressional approval.
Another proposal involves lobbying the International Monetary Fund (IMF) to include Bitcoin in Special Drawing Rights (SDRs). SDRs are international reserve assets used to supplement official reserves of IMF member countries.
If Bitcoin were added to this system, it could further cement its role as a global financial asset. While this approach may not require direct congressional approval, it would necessitate diplomatic negotiations and policy shifts within the IMF.
Selling Government Assets to Support Reserve Growth
Beyond traditional financial strategies, VanEck proposed selling surplus government assets as a way to fund Bitcoin purchases. One unconventional suggestion is the sale of 1.4 billion pounds of government-stored cheese, estimated to be worth between $2 billion and $4 billion.
Although the cheese stockpile is privately held, the USDA has the authority to sell excess dairy products without congressional approval. This approach could provide a direct funding source for Bitcoin purchases without affecting the federal budget.
Additionally, the Exchange Stabilization Fund (ESF), a self-funded government entity, could be another mechanism for acquiring Bitcoin. The ESF has been used in the past to manage foreign exchange reserves and stabilize currency markets. Since it operates outside congressional appropriations, it could expand Bitcoin holdings without requiring new legislation.
Bitcoin Reserve Expansion Likely to Face Policy Challenges
While VanEck has presented multiple budget-neutral options, many of these strategies would require policy adjustments and regulatory approvals. Some proposals, such as gold revaluation and Federal Reserve surplus modifications, would need congressional approval.
The U.S. government’s approach to Bitcoin continues to evolve, with the Strategic Bitcoin Reserve marking a major step toward integrating digital assets.
More so, Crypto Czar David Sacks recently revealed that the U.S. government lost over $17 billion by selling nearly 195,000 BTC over the past decade. He criticized previous administrations for lacking a long-term Bitcoin strategy, arguing that holding the assets could have significantly benefited taxpayers.
Additionally, President Donald Trump highlighted the importance of stablecoin legislation during the crypto summit, aiming to establish clear regulations before Congress’ summer recess. He emphasized that regulatory clarity would drive innovation and growth in the financial sector.
Perpetuals, Made In USA coins, and meme coins are the top three crypto narratives to watch for the second week of March. Perpetuals tokens like HYPE and WOO are down over 12%, but strong trading activity and high revenue suggest a potential rebound.
Made In USA coins, including PI, ADA, and HBAR, have suffered major losses amid broader market turmoil, but the recovery could be near if market conditions stabilize. Meme coins have been hit hard, but their history of sharp rebounds suggests they could lead the next rally if sentiment shifts.
Perpetuals
Perpetuals coins appear to be setting up for a rebound after a rough week, with HYPE and WOO both down more than 12% in the last seven days. Perpetuals platforms are exchanges that allow traders to buy and sell perpetual futures contracts, which have no expiration date.
These platforms use a funding mechanism to keep contract prices aligned with the spot market while enabling traders to take long or short positions with leverage.
Despite the recent downturn in some perpetuals tokens, the sector continues to see strong activity, with high trading volumes and fees generated across key platforms.
Biggest Coins by Market Cap (Perpetuals). Source: CoinGecko.
However, this level of dominance also suggests that the market has room for competitors to emerge and challenge its position. Arkham, for instance, has surged 14% in the last 24 hours. That signals that some traders are betting on alternative projects within the perpetuals ecosystem.
Overall, these trends make perpetuals one of the must-watch crypto narratives of the week.
Made In USA Coins
The biggest Made In USA coins have all suffered significant losses in the past week, with PI dropping 22.6%. ADA and HBAR both down 18.9%. Made In USA coins refer to cryptocurrencies that have strong ties to the United States, whether through their founding team or company headquarters.
This category includes projects that often attract regulatory scrutiny or benefit from US-based institutional backing. The latest downturn aligns with broader market weakness, as both the crypto and stock markets have been hit hard in the past 24 hours.
Biggest Made In USA Coins by Market Cap. Source: CoinGecko.
The US stock market saw a massive $4 trillion wipeout following Trump’s push for new tariffs. Given the scale of this correction, a potential rebound could be on the horizon if investors view the recent dip as an overreaction. That could positively impact crypto, driving a new surge.
Historically, sharp declines in both crypto and equities have been followed by strong recoveries, especially when macroeconomic fears subside.
This volatility has been evident in the past week, as the biggest meme coins have taken a heavy hit. Dogecoin (DOGE), the largest meme coin by market cap, has dropped more than 17% in the last seven days.
TRUMP is down over 14%, and PEPE and BONK have both lost more than 10% during the same period.
Biggest Meme Coins by Market Cap. Source: CoinGecko.
However, if the crypto market stages a rebound this week, meme coins could see some of the strongest recoveries. Historically, these assets tend to outperform in fast-moving uptrends due to their speculative nature and the rapid inflow of retail interest.
The last major surges in meme coins occurred after broader market rebounds reignited hype and aggressive buying activity.
If sentiment shifts and liquidity returns, DOGE, TRUMP, PEPE, and BONK could quickly reclaim lost ground. That could potentially lead to another wave of explosive gains in the meme coin sector.
