Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
- Troubled crypto lender Celsius Network (CEL) announced that they “continue to take important steps” to preserve and protect assets and explore options, which include pursuing strategic transactions as well as a restructuring of liabilities, among other avenues.
- Simon Dixon, the founder of the online investment platform BnkToTheFuture,
Celsius reached out & I am considering best way to help. My best position is as an independent shareholder & depositor. All our proposed plans put depositors first & @BankToTheFuture has experience to execute. #DepositorsFirst Participate in recovery here: https://t.co/zGKtrU2jUG
— Simon Dixon (Beware Impersonators) (@SimonDixonTwitt) June 30, 2022
said that Celsius has reached out to him and that he is considering the best way to help. They are offering three proposals for their community, leaving them to decide on the path that the platform will take.
- Online brokerage eToro and the special purpose acquisition company (SPAC) that agreed to take it public are planning to let the deadline for their merger pass without closing the deal, The Information reported, citing an undisclosed person familiar with the matter.
- Investment company VanEck filed a new application for a spot bitcoin exchange-traded fund (ETF), called the VanEck Bitcoin Trust, with the US Securities and Exchange Commission.
- DeFi protocol MoHash raised USD 6m in seed funding to provide access to global capital and liquidity to debt issued by non-bank lenders using DeFi as a tool.
Stablecoins news
- Stablecoin issuer Tether (USDT) announced that it reduced its commercial paper portfolio by around 58%. It currently has USD 8.4bn of these holdings, of which USD 5bn will expire on July 31, with the goal being to bring that number to zero, said the company.
Legal news
- Crypto platform Blockchain.com and crypto derivatives exchange Deribit, creditors of Three Arrows Capital (3AC), are cooperating with ongoing investigations into the troubled crypto hedge fund, per Bloomberg. Per a spokesperson at Blockchain.com, 3AC “defrauded the crypto industry” and the company has filed for the immediate liquidation of all global assets of 3AC as they intend “to hold them accountable to the fullest extent of the law.”
- Ex-Monero (XMR) lead maintainer Ricardo “Fluffypony” Spagni will surrender on July 5 to the US Marshals Service for extradition to South Africa, where he faces fraud charges to the tune of USD 10,000 against his former employer, Cape Cookies. South African officials will be on hand to “effectuate his arrest.”
- The US Commodity Futures Trading Commission (CFTC) CoinFLEX said that it is in talks with investors over a token sale for its Recovery Value USD token (rvUSD) and that commitments are growing, but withdrawals will remain suspended until the token sale is fully committed.
Economics news
- Euro area annual inflation is expected to be 8.6% in June 2022, up from 8.1% in May, according to a flash estimate from Eurostat, the statistical office of the European Union. A more precise number for the month is scheduled to be released on July 19.
Source: Cryptonews
