Celsius


Finance

Celsius Starting Bankruptcy Proceedings: Report

Crypto lender's lawyers are notifying state regulators, source tells CNBC.

The Celsius booth at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Markets

Wobble in stETH's Price Shows Fear Celsius Might Dump $435M Stake

The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.

A key market metric known as the "stETH discount" suggests market speculation that Celsius Network might dump a big stake. (Creative Commons, modified by CoinDesk)

Markets

Celsius Pays Off Last DeFi Loan, Reclaims Nearly $200M of Wrapped Bitcoin From Compound

The troubled crypto lender previously paid off loans from Aave and Maker.

(Piaras Ó Mídheach/Web Summit via Sportsfile)

Videos

3AC Founder Briefly Surfaces; Buterin Defends Ethereum

Court gives Three Arrows Capital liquidators permission to claim US assets. Celsius pays off USDC loan on Aave, unlocks over $415 million in collateral. Buterin defends proof-of-stake blockchain ahead of Ethereum merge. Lightspeed launches $500 million fund for India and South East Asia.

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Layer 2

DoNotPay CEO Wants to ‘Give Little Guys the Power’ to Sue Celsius

DoNotPay CEO Joshua Browder joined CoinDesk TV’s “First Mover” to discuss how retail investors can file claim suits against Celsius Network to attempt to recover their assets as the lender faces insolvency.

DoNotPay CEO Joshua Browder on CoinDesk TV’s “First Mover.” (CoinDesk TV, modified)

Markets

First Mover Americas: Bitcoin Drops After CPI Data Comes In Hotter Than Expected

The latest price moves in crypto markets in context for July 13, 2022.

(Pixabay/Geralt)

Finance

Celsius is ‘Deeply Insolvent,’ Alleges Vermont Department of Financial Regulation

The troubled lender lacks the assets and liquidity to honor its obligations to investors, DFR said.

Alex Mashinsky, Founder and CEO of Celsius Network (CoinDesk)

Markets

Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet

The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)

Policy

California Is Investigating ‘Multiple’ Crypto Lending Companies

The state’s Department of Financial Protection and Innovation is looking at whether firms that have suspended customer withdrawals and transfers have violated its laws.

California's state flag (Getty Images)

Videos

Bitcoin Below $20,000; Voyager Refund Questions

Bitcoin price sinks below $20K ahead of U.S. CPI data. Voyager users to get back USD deposits; crypto refund plan uncertain. Celsius repays over $113 million in debt, recovers $122 million in collateral. Financial Stability Board highlights stablecoins in work on crypto regulation. Bank for International Settlements says cross-border payments key to CBDC development. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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