SOL price eyes 75% rally as Solana paints a bullish reversal pattern
SOL’s interim upside target is near $47, up about 20% from its current price. Go to Source Powered by WPeMatico
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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. Go to Source Powered by WPeMatico
Celsius denies allegations on Alex Mashinsky trying to flee US
Celsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed. Go to Source Powered by WPeMatico
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Go to Source Powered by WPeMatico
Celsius Network hires advisers ahead of potential bankruptcy: Report
Restructuring, bankruptcy, buyouts… media outlets are swarming with different reports on the next steps Celsius may take. Go to Source Powered by WPeMatico
FTX may be planning to purchase stake in BlockFi: Report
The reportedly ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Go to Source Powered by WPeMatico
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. Is another crypto market sell-off on the way? Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Crisis in crypto lending shines light on industry vulnerabilities
Leading crypto lending firms and hedge funds have run into trouble due to the market turmoil but more so because of their unchecked reckless decision-making process. Go to Source Powered by WPeMatico
Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Go to Source Powered by WPeMatico
