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The Latest Breaking News from Celsius

‘They couldn’t even scream any more. They were just sobbing’: the amateur investors ruined by the crypto crash

Fuelled by hype and hysteria, the market in bitcoin and other cryptocurrencies went from an obscure niche to a $3tn industry. Then the house of cards collapsed

The Guardian - UK

Celsius weighs bankruptcy filing as crypto trader crisis grows

Celsius weighs bankruptcy filing as crypto trader crisis grows

Beleaguered crypto lender Celsius Network is exploring a possible bankruptcy filing as it becomes the latest victim of the crash in the sector.

Evening Standard

Crypto Liquidity Crisis Is a Boon for This Swiss Firm

Crypto Liquidity Crisis Is a Boon for This Swiss Firm

Nexo believes that it's the company's duty to offer help to struggling lenders.

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Voyager Digital is the next domino to fall in crypto’s brutal wipeout

Stephen Ehrlich, the company's CEO noted that "volatility in the crypto markets" has forced his hand as the company filed for Chapter 11 bankruptcy.

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by Coinbase Inc, said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals from Celsius Network to Babel Finance in resorting to last-ditch measures to survive the market rout.

FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm.

Bitcoin Price Keeps Falling Amid Crypto Liquidations, Fire Sales

Bitcoin continued selling off this week amid crypto liquidations and fire sales.

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Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

CNBC Why Kohl’s Shares Are Plunging Today

Crypto Lending World Sways under Risk and Turmoil

Crypto Lending World Sways under Risk and Turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails. Celsius Network, which suspended withdrawals in mid-June, had advertised a seemingly difficult-to-reconcile mix of interest rates, charging just…

Asharq Al-Awsat

Celsius' Lead Investor Suggests Most Influential Bitcoin Whales Co-Invest As Part Of Recovery Plan

Celsius' Lead Investor Suggests Most Influential Bitcoin Whales Co-Invest As Part Of Recovery Plan

BnkToTheFuture, a lead investor in beleaguered cryptocurrency lending platform Celsius, has put forth three proposals to save the company from going under. What Happened: On Friday, CEO of BkToTheFuture Simon Dixon shared the Depositor's First Celsius Recovery Plan in a post on Twitter.

Crypto Lender Celsius Exploring All Options After FTX Rejects Acquisition Deal

Crypto Lender Celsius Exploring All Options After FTX Rejects Acquisition Deal

Celsius, the disaster-stricken cryptocurrency lender, has assured its community that it was exploring all the options available to stabilize liquidity and operations.

Crypto lending world sways under risk and turmoil

Crypto lending world sways under risk and turmoil

New York (AFP) - Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails.

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.

Crypto Crash: A First Big Domino Falls...Who's Next?

Crypto Crash: A First Big Domino Falls...Who's Next?

Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, falls into liquidation.

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Celsius Denies Claims That CEO Alex Mashinsky Attempted To Flee From The US To This Country

Celsius (CRYPTO: CEL) has denied the reports that its CEO Alex Mashinsky attempted to flee from the United States, but was halted by authorities.

The Guardian - UK

Three Arrows Capital to become latest casualty of crypto crash

Crypto hedge fund facing collapse after claims of $650m default on loan to Voyager bank

3AC defaults on loan worth $670m

Three Arrows Capital (3AC), a prominent crypto hedge fund, defaulted on a loan worth over US$670 million, prompting a steep fall in Bitcoin's price to below $21,000.

Investors Business Daily

All Major Indexes Above 21-Day Moving Averages; Big Pharma Still Going Strong

The Nasdaq composite is down 0.5% while the S&P 500 is off 0.1%.

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Rumors Intensify About Financially Troubled Crypto Lender Celsius

The firm has suspended fund withdrawals and other transactions since June 12.

Goldman Sachs Seeking To Buy Celsius Assets If It Goes Bankrupt: Report

With a significant downturn in the crypto market and extreme market conditions, Celsius Network suspended withdrawals from its platforms last week.

Could PepsiCo Buy Out Celsius Holdings Or Monster Beverage? Why M&A In Energy Drinks Market Is Heating Up

As beverage companies compete to grow their non-carbonated drinks divisions, energy drink companies have often been subject to buyout rumors. A terminated distribution agreement between an energy drink company and a leading beverage company is leading to more merger and acquisition speculation in the industry.

The Guardian - UK

Electricity used to mine bitcoin plummets as crypto crisis widens

Consumption down by third since 11 June, with even sharper falls among other cryptocurrency networks

Crypto came tumbling after

As crypto assets are digital assets, the rate of return is sensitive to changes in the global liquidity conditions

The Guardian - UK

TechScape: What the crypto big freeze means for your money

In this week’s newsletter: Crypto giant Celsius is freezing out users as it tries to solve a mammoth lending crisis. So what happens if money in the bank isn’t really there?

It’s Time for Regulators to Put Crypto Down

A lack of rules has created fraudulent, bubble-driven markets.

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