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Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed…

Continue ReadingCelsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan

The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets."

Continue ReadingVoyager can’t guarantee all customers will receive their crypto under proposed recovery plan

Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’

Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated…

Continue ReadingCumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’