Celsius
Catching up on a mere 11 days' worth of news.
U.S. District Judge John Koeltl granted a continuance for former Celsius CEO Alex Mashinsky’s trial start date, citing the “volume of discovery” and the “complexity of the case.”
Alex Mashinsky was arrested earlier this month on fraud and price manipulation charges.
Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said.
Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
The arrest of the bankrupt crypto lender’s co-founder and ex-CEO Alex Mashinsky comes as lawmakers and regulators squabble over new rules for the sector.
Users will be able to convert their FTX or Celsius claims into the platform's reborn OX (reOX) or oUSD tokens.
The founder of the bankrupt crypto lender has pleaded not guilty to charges including fraud and manipulation of the CEL token.
That includes customer recoveries, the company said Thursday.
- 07:19A certain whale transferred 32.52 million NEIRO from CEX, becoming the third largest whale in terms of on-chain holdingsAccording to a report by Jinse Finance, monitored by Spotonchain, in the past hour, the whale "0x22b7" transferred 32.52 million NEIRO from CEX, equivalent to approximately $3.01 million, accounting for 3.25% of the total supply, becoming the third largest whale in terms of on-chain holdings.
- 07:16Strategy Launches AI Data Management Solution Strategy MosaicStrategy (formerly MicroStrategy) has released an AI data management solution called Strategy Mosaic. It is reported that Mosaic will build a universal intelligence layer and launch AI Agents, without exposing sensitive data to the underlying large language model (LLM).
- 07:16Investment Firm Pearl Fund Launches $500 Million Bitcoin Fund Pearl Bitcoin FundUS investment firm Pearl Fund has announced the Pearl Bitcoin Fund, a $500 million Bitcoin fund. It is reported that the Pearl Bitcoin Fund will be the first investment fund in the US that can exempt Bitcoin investment from capital gains tax. Its solution allows investors to obtain tax-free Bitcoin appreciation after a 10-year holding period, a feature currently unavailable in Bitcoin ETFs.