Crypto lender Celsius says it is exploring options
— Authorities, 77 late, Celsius, Extreme volatility, Bitcoin piles pressure, Marsal, Rein, Matter, Possible bankruptcy filing, Wholesale crypto market — 1 min read
Celsius Network said it was exploring options including deals and restructuring its liabilities. Celsius earlier this month froze withdrawals and transfers, citing “extreme” market conditions. The market for digital assets in recent months has been roiled by extreme volatility as investors dump risky assets due to fears that aggressive interest rate hikes to tame stubborn inflation could plunge the economy into a recession. Bitcoin tumbled another 6% to $18,866.77 late on Thursday, leaving it down over 70% from its peak last November.Cryptocurrencies have lost more than $400 billion since TerraUSD, a major stablecoin pegged to the U.S. dollar, collapsed in May. The European Union has agreed on groundbreaking rules for regulating crypto assets, EU lawmakers said. Source