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The Latest Breaking News from Celsius

Celsius turns to Fahrenheit to oversee bankruptcy exit

Fahrenheit won the bid after venture capital firm NovaWulf initially was named the winner of the auction in mid-April.

Fortune

IBD 50 Stocks To Watch: Energy Drink Leader Celsius Soars Above Buy Point On Record Sales

Celsius stock on the move. The energy drink leader soared more than 20% Wednesday, breaking out past a buy point on record quarterly sales.

Investors Business Daily

Dow Jones Futures Fall Ahead Of Inflation Report; Airbnb Plunges On Guidance

The market rally fell near 2023 highs with a key inflation report due. Airbnb and Celsius were big earnings movers late.

Investors Business Daily

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John Oliver on cryptocurrencies: ‘This is all still a casino’

Last Week Tonight host examines the volatility and risks of cryptocurrencies through the collapses of Terra, Celsius and FTX

The Guardian - US

Celsius auction set for Tuesday, Coinbase and Gemini join bidding for bankrupt firm

The sale of Celsius—the crypto lender that was seeking a valuation of over $7 billion when it collapsed last June—took a number of twists this weekend as a bankruptcy filing revealed that two new consortiums will take part in a three-way auction for the company that is set for this…

Fortune

Unchained Capital, a Bitcoin lender and custodian, raises $60 million following competitors' collapse

The Bitcoin financial services firm is one of the few lenders to escape 2022 comparatively unscathed.

Fortune

Former Crypto Star Arrested After Months on the Run

Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.

The Street

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Fugitive Crypto Executive Found Hiding in Balkans

Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.

The Street

Future of Finance: Figure's Cagney says blockchain for payments nearing 'tipping point'

Figure built the Provenance blockchain, which has already supported more than $12 billion in transactions.

Fortune

Dow Jones Rises As 10-Year Treasury Yield Tops 4%; Tesla Plunges On Disappointing Investor Day

The Dow Jones rose Thursday, as the 10-year Treasury yield topped 4%. Tesla stock plunged on a disappointing investor day.

Investors Business Daily

Lido offers 5% crypto returns. Is it worth it?

Lido and other staking services have little in common with Celsius and other failed lenders.

Fortune

Celsius report details red flags investors missed

Customers have been trying to claw back $4.7 billion in deposits.

Fortune

Blockchain analyst firm Elementus is now worth $160M

The funding announcement reflects continuing investor interest in blockchain infrastructure and data analytics companies, even amid a Crypto Winter.

Fortune

Cathie Wood, Ark Invest Have Bold Prediction for What Bitcoin's Price Will Be In 2030

Ark Investment's Cathie Wood believes the world's largest cryptocurrency will go far in the next seven years.

The Street

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Investors Business Daily

Has CELH Stock Lost Its Swing Trading Energy?

Selling into strength is a useful swing trading tactic for reducing risk in volatile stocks.

The Independent UK

Crypto firms acted like banks, then collapsed like dominoes

Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets

Tribune News Service

Florida jury awards rapper Flo Rida $82 million in Celsius energy drink endorsement lawsuit

FORT LAUDERDALE, Fla. — Celsius energy drinks would be nothing without the backing of recording artist Flo Rida, and the Boca Raton-based company owes him more than $82.6 million in damages for trying to hide it, a Broward jury decided Wednesday.

Investors Business Daily

Dow Jones Futures Fall After Market Reverses Lower On Fed, Recession Fears; What To Do Now

Futures fell after the market reversed lower Wednesday on hawkish Fed comments and recession-like economic data.

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The Independent UK

Rapper Flo Rida awarded $82.6M for breach of contract case

Hip hop artist Flo Rida has been awarded $82.6 million after a South Florida jury found that Celsius energy drinks breached his contract and tried to hide money from him

Investors Business Daily

Dow Jones Futures Fall After Market Rally Clears Resistance; Tesla China Sales Get Bump

Futures fell after the market rally cleared resistance last week. Time to act, carefully. Tesla China sales rose post-price cuts.

Investors Business Daily

Dow Jones Futures Fall: JPMorgan Earnings, UnitedHealth Top; Tesla Slashes U.S., European Prices

UnitedHealth earnings topped, with JPMorgan and several banks on tap. Tesla slashed its U.S. and European prices.

The Street

Crypto Price Check: Bullishness Is Back but Scandal Impact Lingers

While crypto prices have shown some life recently, investors are still contending with a series of scandals and bankruptcies.

Tribune News Service

‘I trusted them and they did not do their part’: Flo Rida takes stand in lawsuit against Celsius energy drink maker

FORT LAUDERDALE, Fla. — Flo Rida’s “My House” resounded through a Broward courtroom Wednesday afternoon, then cut off.

The Street

Mark Cuban Warns of Potential New Crypto Scandal and Fraud

The billionaire investor tells TheStreet that a new scandal will soon rock the cryptocurrency industry.

Investors Business Daily

Dow Jones Futures Rise To Start 2023; Tesla Falls On This Delivery Red Flag

Dow Jones futures kick off the 2023 stock market after a "stay away" year. Q4 Tesla deliveries hit a record, but missed lowered views again.

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