Total supply of stablecoins dropped sharply for first time ever in Q2
A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.
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Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring…
Celsius Token Spikes—Then Crashes—Amid Firm’s Woes
The troubled crypto lender Celsius saw its CEL token surgethen crashtoday in an apparent short squeeze event. The move may have been triggered by signs of solvency on a wallet...
BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000.
Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions
Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600.
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last…
Nexo Circles Celsius for Potential Loan Asset Buyout
The crypto lender Nexo sent an official letter of intent to Celsius today, offering to buy some or all of its collateralized loan assets to secure sufficient liquidity for its...
Nexo offers to buy out Celsius’ loans amid withdrawal suspension
Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”
Celsius Has Paused Customer Withdrawals
The development follows weeks of rumors that the crypto lender could face insolvency issues due to the decline in the crypto market. Celsius Customers Blocked From Accessing Funds Celsius appears...
Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
Celsius has been moving more than a quarter of a billion dollars worth of funds from Aave into the FTX exchange for reasons not specified in addition to suspending withdrawals…