Celsius logo with the word "Road to Recovery"

Celsius Recovers from Bankruptcy, Paying Back Creditors and Sets Up A Bitcoin Mining Firm

In a bid to rebuild trust and repay creditors, Celsius, the embattled crypto lender, is making waves with a two-pronged approach: distributing over $3 billion and forging a novel Bitcoin mining venture, Ionic Digital, co-owned by creditors and miners. While these moves offer hope, questions linger about long-term strategy, asset sales, and potential tax implications for creditors.

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Bitcoin and ETF symbols with a risk guage

Potential Risks of Bitcoin ETFs on the Financial System

The launch of Bitcoin exchange-traded funds (ETFs) in the US has raised concerns about potential risks to the financial system. Experts warn that these ETFs could exacerbate volatility in the Bitcoin market and create systemic risks, causing ripple effects throughout the financial system.

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ETF written on the Ethereum symbol

Standard Chartered Predicts Approval of Spot Ethereum ETFs in May

Standard Chartered Bank has predicted a surge in the price of Ethereum (ETH) in the coming months, with expectations of reaching $4,000 by May. The bank’s research team believes that the approval of spot-based Ethereum ETFs in the United States will be a key driver for this increase.

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Binance and grayscale banners with a garbage truck dumping bitcoins

Allegations of Binance Dumping Bitcoin to Settle $4.3 Billion Fine

A recent tweet by a crypto analyst has stirred controversy within the bitcoin community, accusing Binance, the world’s largest cryptocurrency exchange, of being a key contributor to the recent downturn in bitcoin’s value. The tweet suggests that Binance has sold over $5 billion worth of bitcoin since the start of the year, ostensibly to cover a substantial fine imposed by US authorities. The tweet, supported by a chart detailing bitcoin’s price and daily net outflows from Binance, Grayscale Bitcoin Trust (GBTC), and the US market, has sparked a lively debate.

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Bitcoin logo titled: Bitcoin $50000

Bitcoin to Hit $50,000 by January, Says Matrixport

Matrixport, a leading crypto financial services platform, forecasts that Bitcoin will soar to $50,000 in the next month, driven by several positive factors. The company expects that the approval of spot Bitcoin ETFs by the U.S. regulator, the increasing institutional adoption of Bitcoin, the limited supply of the cryptocurrency, and the historical seasonal pattern will boost the price of Bitcoin to new highs. Matrixport also predicts that the crypto market will enter an altcoin season, a phase when alternative cryptocurrencies outperform Bitcoin in terms of returns. The company advises investors to diversify their portfolios with altcoins that have strong fundamentals and growth potential.

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Arthur Hayes with logos of ETH, GMX and Pendle

BitMEX Founder Dumps ENS, FXS, and LOOKS for ETH, GMX, and PENDLE

Arthur Hayes, the co-founder and former CEO of BitMEX, a leading crypto derivatives exchange, has been selling off his holdings in ENS, FXS, and LOOKS, three Ethereum-based tokens, in the past few days. He reportedly lost more than $5 million, as the prices of these tokens plummeted by more than 50% since their peaks. Hayes then switched to buying ETH, GMX, and PENDLE, three other Ethereum-based tokens, with a total value of about $15 million. Hayes’s trading activity reflects his changing views on the crypto market, as he moves from more speculative and niche tokens to more established and mainstream ones. It also shows his confidence in the Ethereum ecosystem, which hosts the largest number of decentralized applications and users in the crypto space.

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