Celsius Wins Bid to Acquire Assets of Insolvent Lender Celsius Network

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Fahrenheit wins bid to acquire assets of insolving lender Celsius network. Creditors that are owed more than $5,000 per RADA will get a small distribution and become a shareholder in the new company. The plan proposes that all Celsius assets, except liquid cryptocurrencies, will be transferred to a newly formed company, Newco.

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------ Topics Covered

0:00 Intro

3:30 MARKETS 7:49 ETH Staking https://twitter.com/hildobby_/status/1663960826225491996?s=20

10:25 CEX Balances 5 Year Low https://decrypt.co/142507/ethereum-bitcoin-balances-exchanges-edges-5-year-lows

12:25 State of NFTs https://twitter.com/cyounessi1/status/1663617804812136450?s=20

17:29 China Bullish On Crypto https://www.theblock.co/post/232404/beijing-web3-white-paper

23:03 Celsius Has A Deal https://www.coindesk.com/policy/2023/05/25/fahrenheit-wins-bid-to-acquire-assets-of-insolvent-crypto-lender-celsius/

28:16 Worst Crypto Winter? https://twitter.com/icebergy_/status/1663693201620758528 https://twitter.com/RyanSAdams/status/1663973894645075969?s=20

36:00 SMALL NEWS

36:26 Bullish On Blend https://dappradar.com/blog/blur-dominates-82-of-the-nft-lending-market

37:50 Coinbase Gas Free Transfers https://twitter.com/CoinbaseWallet/status/1663680306329821184

39:47 MoonPay Took $150M? https://twitter.com/web3isgreat/status/1663664708409339904?s=20

41:21 Paradigm Enters AI https://www.theblock.co/post/232247/crypto-vc-paradigm-ai

44:00 Binance Layoffs https://www.theblock.co/post/232696/binance-layoffs-cuts-jobs

45:50 Worldcoin Raises $115M https://blockchain.capital/worldcoin-proof-of-personhood-world-id-and-the-future-of-crypto-onboarding/

50:07 Magic Raises $52M https://magic.link/

52:54 Questions From The Nation Join Our Discord - https://discord.gg/zMVU2bBrcz

1:06:10 Takes Of The Week https://twitter.com/VentureCoinist/status/1662514641233166337?s=20

1:15:10 What Are You Bullish On? https://twitter.com/TrustlessState/status/1663680140117680129?s=20

1:21:48 Risks & Disclaimers

---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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