Ryan Salame is serving time in prison for charges related to FTX’s downfall, but his deal with US prosecutors is still being litigated through his wife’s criminal case. Nearly three years after the collapse of crypto exchange FTX, courtroom battles tied to its executives and their associates are still unfolding. This week, Michelle Bond, spouse of former FTX Digital Markets co-CEO Ryan Salame, will return to court for an evidentiary hearing in her criminal case. In a Sunday filing in the US District Court for the Southern District of New York (SDNY), Bond’s legal team requested that a federal judge allow her to testify despite prosecutors’ objections. Prosecutors had argued Friday that it was unlikely Bond could offer testimony relevant to Salame’s plea agreement involving allegations of campaign finance fraud. He’s currently serving time in prison for charges related to his role in the company’s downfall. Read more
The move comes as Avalanche sees rising activity in gaming and new institutional products, with backers including Hivemind, Galaxy and Kraken. Shares of AgriFORCE Growing Systems surged more than 200% at Monday’s open after the agricultural technology company announced a pivot into an AVAX digital asset treasury model. The company will rebrand as AVAX One and aims to raise $550 million to build a treasury centered on Avalanche (AVAX), the native token of the Avalanche blockchain. According to a Monday press release, the company’s goal is to accumulate more than $700 million in AVAX tokens. As a long-term strategy, it also plans to acquire and integrate revenue-generating fintech businesses into the Avalanche network. Read more
ETH’s sharp sell-off lined up with the broader crypto market panic and is not a sign of structural weakness. Data suggests institutions will lead the price recovery. Key takeaways: Ether’s correction aligned with broader altcoin moves, with liquidations offset by stable open interest. Ether options and perpetual funding data show weaker bullish demand, but no derivatives-driven trigger for sell-off. Read more
Strive’s $675 million Bitcoin buy and Semler merger create a 10,900 BTC treasury company, making it one of the world’s top corporate BTC holders. Strive Inc., the asset manager turned Bitcoin treasury company led by former presidential candidate Vivek Ramaswamy, has agreed to acquire Semler Scientific — a move that positions the combined entity as one of the largest corporate holders of Bitcoin. In a Monday announcement, the companies said the all-stock transaction will grant Semler shareholders Strive shares instead of cash. Each Semler share will be exchanged for 21.05 shares of Strive Class A stock, representing a 210% premium over Semler’s pre-deal price. Alongside the merger, Strive disclosed it had purchased 5,816 Bitcoin (BTC) for about $675 million, boosting its total holdings to 5,886 BTC. Before the acquisition, Strive was a relatively minor player in the Bitcoin treasury space, with just 70 BTC on its books. Read more