Reports: FTX Targeting BlockFi Purchase At $25M

BlockFi, Celsius, Nexo, and more: tough times can lead to difficult measures, and this year’s bear market is showing no exception to some of these players.

Banking Giant JPMorgan Says Bitcoin and Crypto Meltdown May Be Short-Lived – Here’s Why

Financial services giant JPMorgan says the latest Bitcoin (BTC) and crypto market meltdown may be fleeting.

Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model

A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes.

Celsius Had Higher Risk Profile Than Average US Bank: WSJ

A recent report from the Wall Street Journal (WSJ) has revealed that embattled crypto lending platform Celsius Network took on more risk than it could handle.

Nansen Analysis Examines How Terra Collapse Affected Celsius and Three Arrows Capital

The company looked at on-chain flows of stETH, Ethererum staked with the platform Lido to accrue daily rewards.

Extreme Fear Remains: Recapping What’s Behind The Crypto Market Panic

The current streak of extreme fear is already the longest ever in crypto history, and it’s continuing on still.

FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming

In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail.

Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here's What the Data Shows

While Nexo fights to clear its name, some of the lender's largest wallets, including what Nansen says is its corporate treasury, show a $838 million balance.

Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy

The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly the company’s management has been arguing with its lawyers over whether or not […]

Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US

The team behind Celsius refuted the recent rumors that the company’s CEO was stopped when trying to leave the US.

Not the best week for crypto lending: Law Decoded, June 20-27

The Celsium failure continues to draw attention to the lending issues from regulators and community. Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators.

Celsius denies allegations on Alex Mashinsky trying to flee US

Celsius CEO Alex Mashinsky wasn't trying to leave the US last week but has continued to work on recovering liquidity and operations, the company has claimed. Troubled crypto lending firm Celsius is putting their best foot forward to recover operations alongside CEO Alex Mashinsky, who currently stays in the United States, the company has claimed.A spokesperson for Celsius has denied rumors that the company's CEO tried to flee the US last week amid the ongoing liquidity crisis of the Celsius Network.The representative told Cointelegraph on Monday that the firm continues working on restoring liquidity, stating: “All Celsius employees — including our CEO — are focused and hard at work in an effort to stabilize liquidity and operations.

Crypto community confused as Celsius continues with weekly rewards

Some Twitter users have called it “insulting” that Celsius continues to pay weekly rewards despite still pausing withdrawals.

Celsius Denies Allegation of its CEO's Leaving US

Celsius Network has denied its CEO's leaving from the US, claiming that all related allegations are false.

Wall Street Giant Goldman Sachs Raising $2,000,000,000 To Buy Distressed Celsius Assets: Report

Financial services titan Goldman Sachs is reportedly raising $2 billion to purchase discounted assets from embattled crypto lending platform Celsius (CEL).

Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales

Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress.

Goldman Sachs Reportedly Raising Funds to Acquire Celsius by $2 bn, Reports says

American multinational investment bank, Goldman Sachs Group Inc reportedly has shown interest in buying up embattled crypto lender, Celsius Network.

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m.

Goldman Sachs Aims to Raise $2B to Buy Celsius’ Crypto Assets at a Discount: Reports

Goldman Sachs will reportedly raise $2 billion to accumulate distressed assets from Celsius Network.

Celsius Network hires advisers ahead of potential bankruptcy: Report

Restructuring, bankruptcy, buyouts...

Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip

Predicting a market bottom is pretty much impossible, but clever traders use options strategies like the Iron Condor setup to target a particular trading price range. Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are hopeful that this was the bottom, but (BTC) has been unable to produce a daily close above $21,000 for the past six days.

Celsius Enlists More Advisors to Help With Potential Bankruptcy: Report

Celsius is headed towards bankruptcy—and looking for help, sources tell the Wall Street Journal.

Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors

Crypto trading is increasingly similar to the US stock market of the late 1920s, the head of the Swiss financial watchdog has remarked.

Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty 'Uncertainty'

CoinFLEX joins Celsius, Babel Finance, Finblox, and Voyager Digital in either freezing or limiting user withdrawals.

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital.

Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk

The CEO of Swan Bitcoin, Cory Klippsten, criticizes Celsius Network and other centralized crypto lending platforms, warning of possible market contagion.

Whales Have Quietly Triggered a 900% Surge for Embattled Crypto Asset, According to Analytics Firm Santiment

A leading analytics firm says whales are accumulating the native token of an embattled crypto lending firm over the past week and a half.

Controlling The Chaos: Alameda Ventures Bails Out Voyager With $200M & 15K BTC

Apparently, Voyager Digital is out of the woods.

Celsius’ crisis exposes problems of low liquidity in bear markets

Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins.

ECB head calls for separate framework to regulate crypto lending

Christine Lagarde introduced a “MiCa II” idea to cover the issues yet untouched by European regulators A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of the crypto market. During the testimony before the European Parliament on Monday, June 20, Christine Lagarde expressed her thoughts not only about the looming inflation in Europe and around the globe but also about the increasing activities of crypto-assets staking and lending.