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Pro traders were forced to cut their losses after margin and futures markets became over-leveraged, creating a potential entry point for bullish buyers. Go to Source Powered by WPeMatico
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting to avoid insolvency. … Read more
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000. Go to Source Powered by WPeMatico
Is it time to be greedy? Experienced market makers and arbitrage desks have turned strongly risk-averse as BTC price dropped to $22,600. Go to Source Powered by WPeMatico
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency have been swirling. On June 12, around … Read more
Nexo platform could rescue Celsius’ customers after “what appears to be the insolvency of the Celsius Network.” Go to Source Powered by WPeMatico
Celsius has been moving more than a quarter of a billion dollars worth of funds from Aave into the FTX exchange for reasons not specified in addition to suspending withdrawals for users. Go to Source Powered by WPeMatico
Alex Mashinsky has stated firmly that it is opportunistic short sellers on Wall Street that is responsible for the negative price action in the markets. Go to Source Powered by WPeMatico
Only “verified accredited investors” in the United States will be able to add coins to their Earn accounts starting on April 15, while users outside the country will be unaffected. Go to Source Powered by WPeMatico
1Password joined forces with Phantom on a security endeavor, StarkNet rolled out its first set of DApps, and Celcius deployed an institutional Wrapped Ether pool on Maple Finance — all coming to you in this week’s Finance Redefined. Go to Source Powered by WPeMatico
