Judge Dismisses Market Manipulation Suit Against Elon Musk; Ryan Salame's Plea Deal Saga

A judge dismisses a suit against Elon Musk and an FTX executive will be back in court. You're watching Coin Desk Daily, I'm your host, Jen Sani Bitcoin experienced a decline falling below $59,000 with a weekly loss of over 3.5% amidst signs of reduced demand and net outflows for major ETF S like Blackrock's. I bet. On the other hand, exchange data shows a bump in demand from us retail investors as the Bitcoin price premium on Coinbase has increased to its highest level since July Manhattan judge has permanently dismissed a lawsuit that alleged Elon Musk and Tesla manipulated the price of Dogecoin by exploiting Musk's social media influence and public statements. The judge said that Musk's statements were aspirational and puffery, not factual claims and thus no reasonable investor would rely on them. In 2022 investors accused Musk of using his Twitter following and an appearance on Saturday Night Live to influence the meme coins price and allegedly take profits on his suspected holdings at their expense. And Ryan Salem, the former FTX executive who was sentenced to 7.5 years in prison has withdrawn a legal request asking that the conditions of his plea deal be enforced or that his plea be thrown out and his sentence vacated. Last week. Salem's lawyers filed a petition stating that prosecutors obtained his guilty plea improperly getting him to agree to a guilty plea by promising that they would cease their investigations into Michelle Bond. Salem's longtime partner, Judge Lewis Kaplan ruled he would still hold a hearing on the original petition regardless of Salem's motion to withdraw bond. A former US SEC lawyer was indicted in federal court for taking illegal campaign contributions from Salem and other FTX employees during her failed 2022 run for a congressional seat. That's it for coin desk daily. Get more updates on coindesk.com and we'll see you next time.