The native token for crypto lending platform Celsius has abruptly skyrocketed following bullish news regarding its efforts to address liquidity issues. On-chain data shows that the company has received substantial DAI stablecoin contributions, which its already used to pay back its loans. According to Etherscan, Celsius received multiple DAI transactions worth over $28 million in...Read More
The controversial events surrounding Celsius Network continue to unfold as the team unstaked hundreds of millions of dollars in crypto from Aave and transferred them to FTX. So far, the project has not provided a reason why, but social media speculations are running rampant. The transactions began during the weekend, with the first batch seeing...Read More
Earlier today, Celsius Network halted all withdrawals, swaps, and transfers between accounts of its users, citing extreme market conditions. Now, rival crypto-lending company Nexo extends a letter of intent to buy all qualifying assets of the company. As CryptoPotato reported earlier today, one of the leading cryptocurrency lenders – Celsius Network – is facing major difficulties. Citing...Read More
