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The Latest Breaking News from Celsius

Cryptocurrency News & Price Wrap-Up For Sept. 2, 2022

It's been a busy week, from Ethereum and Bitcoin price action to Crypto.com backing out of its $495 million UEFA Champions League sponsorship, Snap (SNAP) scrapping its web3 team and analysts' latest views on Coinbase (COIN). Scroll down to catch up on all things crypto with IBD's weekly cryptocurrency news…

Investors Business Daily

Bankrupt Crypto Lender Celsius Wants To Return $225 Mil To Users

Struggling cryptocurrency lender Celsius Network wants court permission to return digital assets to some users, according to the latest bankruptcy court proceedings. Hoboken, N.J.-based Celsius requested permission to release cryptocurrencies in its custody program and withholding accounts, which are for storage rather than generating returns. Roughly $210 million in assets…

Investors Business Daily

Crypto glitches prompt industry rethink

With the recent news of the SCB X-Bitkub deal falling apart and the Zipmex incident, investors in Thailand's digital currency market are facing a negative outlook. The Bangkok Post provides a recap of these events and gathers the views of investment analysts on the lessons learned and where things are…

Bangkok Post

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Dow Jones Futures Signal Market Rally Isn't Finished After Key Support Broken

The major indexes undercut key support Tuesday on hot jobs data, while recent breakouts are failing.

Investors Business Daily

The 30-Year-Old Spending $1 Billion to Save Crypto

Crypto is ailing. Sam Bankman-Fried is betting a billion dollars he can fix it.

Bangkok Post

Benzinga Before The Bell: Top Amazon Seller Succumbs To Economic Meltdown, Twitter To Tackle Toxic Content, Spam Bots, Bed Bath & Beyond Secures Loan Deal As It Tries To Stay Afloat And Other Top Financial Stories Wednesday, August 24

CNBC Top Amazon Seller Succumbs To Economic Meltdown

Benzinga

Stock Market Holds Firm After Monday Sell-Off; Chevron, CAT Lead Dow Jones; Tesla Gains Ahead Of Stock Split

Small caps led a mixed performance for the stock market in Tuesday afternoon trading. Chevron (CVX) and Caterpillar (CAT) outperformed in the Dow Jones Industrial Average. A strong earnings report from Palo Alto Networks (PANW) lifted several security software names in the Nasdaq 100, including Zscaler (ZS) and CrowdStrike (CRWD),…

Investors Business Daily

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Dow Jones Futures Fall As Market Retreat Gains Steam; Elon Musk Makes This FSD Move

Futures fell sharply as the market rally pulls back. Elon Musk will hike Tesla FSD prices. Warren Buffett stock Occidental Petroleum surged Friday.

Investors Business Daily

Another Singapore crypto firm in trouble

SINGAPORE: The beleaguered cryptocurrency lender Hodlnaut says it is the subject of “pending proceedings” involving Singapore police and that it has slashed its workforce.

Bangkok Post

Benzinga Before The Bell: More Amazon Workers Join Union Over Pay and Work Conditions, UK Inflation Highest In 40 Years, Sole Monkeypox Vaccine Maker Finds It Difficult To Meet Accelerating Demand And Other Top Financial Stories Wednesday, August 17

CNBC BlackRock To Pledge A$1B In Australian Battery Storage Assets – Report

Benzinga

Celsius is an even bigger dumpster fire than we thought

CEO Alex Mashinsky took over the embattled crypto exchange's trading strategy in January, and proceeded to make some questionable decisions at its helm.

Input

Celsius Expected To Reach Negative Liquidity By October

Beleaguered crypto lending platform Celsius (CRYPTO: CEL) is projected to reach negative liquidity of around $34 million by October this year, according to the company’s latest Chapter 11 documents.

Benzinga

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on,…

Los Angeles Times

Stock Market Extends Gains; S&P 500 Closes In On Key Level Despite Energy Sell-Off; Tesla Makes Bullish Move

The stock market extended gains Monday, shrugging of weak economic data out of China and a sell-off in oil and gas stocks.

Investors Business Daily

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Tribune News Service

Crypto during a recession: Here’s what to expect

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.

The Conversation

Crypto platforms say they're exchanges, but they're more like banks

There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to that wallet’s digital “keys.”

Input

Crypto exchange announces fund freeze with teary anime GIF

The GIF in question depicts Anya Forger, one of the primary characters in Spy x Family.

Investors Business Daily

Stock Market Holds Gains As Inflation Cools Off; Small Caps, Nasdaq Lead

The Nasdaq added to the morning's strong gains and is up by 2.5% in the afternoon session.

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Investors Business Daily

Dow Jones Surges On Cool CPI Inflation Data; Elon Musk Sells More Tesla Stock

The Dow Jones Industrial Average surged 460 points on cool CPI inflation data. Elon Musk sold nearly $7 billion worth of Tesla stock.

Investors Business Daily

Dow Jones Futures: Inflation Report Looms For Market Rally; Twitter Rallies As Elon Musk Sells More Tesla Stock

July's CPI inflation report is due for the market rally. Elon Musk sold $6.9 billion of Tesla stock as Twitter deal odds rise. TSLA and TWTR rose.

Benzinga

Pepsi Cozied Up To Celsius: What's Next For Coca-Cola/Monster? Access To Alcohol Via The Backdoor?

Activity in the energy drink market could pick up after a recent investment and distribution deal between PepsiCo Inc (NYSE: PEP) and Celsius Holdings Inc (NASDAQ: CELH).

Investors Business Daily

Celsius Earnings Hot; CELH Stock Rockets On Booming North American Sales

Energy drink maker Celsius Holdings reported second-quarter results late Tuesday that beat expectations.

Benzinga

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

CNBC Celsius Withdraws Motion To Rehire CFO

Investors Business Daily

Dow Jones Futures Rise: Market Rally Resilient; Apple, Tesla, These 5 Chip Stocks Could Use This

The market rally showed resilience after Friday's jobs report. Apple, Tesla and these 5 chip stocks could use this.

Benzinga

Celsius Seeks To Rehire CFO At $93,000 A Month, Customers — Not Surprisingly — Object

Bankrupt crypto lending platform Celsius has sought a judge's permission to reinstate the company’s former CFO Rod Bolger and pay him $93,000 each month over a minimum of six weeks.

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