Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?
The crypto community is concerned that the transfer could lead to the dumping of more than $500 million Bitcoin into the market.
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Celsius Fully Repays MakerDAO Debt
Celsius has fully paid off its debt to MakerDAO, unlocking about $456 million worth of wrapped Bitcoin. It is suffering from a potential $1 billion loss on its MakerDAO lending...
Bitcoin traders expect a ‘generational bottom,’ but BTC derivatives data disagrees
BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism.
Celsius Shuffles Directors as Liquidity Crisis Continues
Struggling crypto lending company Celsius has restructured its board of directors, according to recent U.K. business filings. Shakeup at Celsius Celsius is shaking up its board leadership as its liquidity...
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…
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was…
Did Celsius Just Repay $120M to Maker?
Celsius appears to have repaid $120 million of its debt to Maker, the DeFi protocol behind the Dai stablecoin, although Celsius is not entirely confirmed to be the payor. Maker...
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based…
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a…
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order…
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