Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH
[ad_1] Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution […]
Ethereum Bloodbath Incoming? Celsius’ $125 Million Move Threatens ETH Price
[ad_1] The Ethereum price might be doing well post-spot Bitcoin ETF launch, but recent moves by Celsius threaten to destabilize the price movement. The now-bankrupt crypto lender seems to have begun its reimbursement plan to its creditors, as on-chain data reveal the movement of its ETH holdings to crypto exchanges. According to crypto market intelligence […]
Ethereum Price Crash Looming? Celsius To Unstake $465 Million
[ad_1] Celsius Network, the bankrupt cryptocurrency lending company, is gearing up to unstake approximately $465 million worth of Ethereum (ETH) as part of its efforts to compensate creditors. This development follows the company’s bankruptcy filing in July 2022, leaving creditors in a prolonged 18-month wait for financial recompense. Celsius’s decision to unstake a substantial amount […]
Celsius to unstake $470M Ethereum amid restructuring efforts, raising market concerns
[ad_1] Bankrupt crypto lender Celsius will unstake 206,300 Ethereum, worth around $470 million, as part of efforts to facilitate the distribution of assets to creditors, according to a Jan. 4 statement on social media platform X (formerly Twitter). Celsius said the planned “significant” unstaking event will occur in the next few days and further revealed […]
Celsius set to unlock $470M Ethereum for creditor repayments
[ad_1] Celsius, in bankruptcy since 2022, begins unstaking 206,300 ETH ($468.5M) for creditor distributions. Market speculates on a potential ETH “dump,” while some see Celsius’s move as relieving pressure on Ethereum. Earlier focused on Bitcoin mining post-bankruptcy, Celsius faces scrutiny for abrupt strategic shift. Embattled crypto lending platform Celsius is making waves as it unveils […]
Celsius sold off $250 million in ETH and other assets in 30 days
[ad_1] Bankrupt cryptocurrency lender Celsius has sold off $250 million worth of digital assets, including Ethereum, in the last 30 days, according to on-chain data. Crypto sleuth Apes_Prologue reported that Ether accounted for $243 million, or 97%, of the bankrupt firm’s selling activities during the period. Separately, blockchain analytical firm Peckshield confirmed that the defunct lender […]