Cryptocurrency Daily Thefoxposts.com

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 plans to recall and rebalance its crypto assets, particularly Ethereum (ETH), in preparation for timely creditor distributions. With the platform in bankruptcy court since July 2022, customers eagerly await the return of their funds. This development sheds light on Celsius ’s strategic moves and their impact on the crypto market. Celsius initiates asset shift for timely distributions Celsius has officially commenced the process of recalling and rebalancing its crypto assets, marking a crucial step in the platform’s journey since filing for Chapter 1...

From moon predictions to market madness, we revisit the most memorable tweets in crypto ’s history. We’ve all encountered those tweets — from the audacious moon-landing promises and “I-should’ve-just-HODLed” moments to the euphoria of bull markets. Each has left its mark (and occasionally, a dent) on the crypto sphere. So, whether you’ve dabbled in a bit of Bitcoin (BTC) or you’re here for some entertainment, let’s dive into these byte-sized texts and see how they have fared over time. From power-hungry to green-hungry In September 2022, Ethereum (ETH) underwent a landmark transition. And who better to herald its triumphant march from proof-of-work (PoW) to proof-of-stake (PoS) than the platform’s co-founder, Vitalik Buterin? And we finalized! Happy merge all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merge happen should feel very proud today. — vitalik.eth (@VitalikButerin) September 15, 2...

BTC bulls are positioned to win this week’s $1 billion options expiry, but the market's post-FOMC reaction could alter their plans. Bitcoin's (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors' primary area of focus. Specific areas to focus on would be clues for the next meeting in March. Troubling news for the largest stablecoin Tether (USDT), could also cause a meaningful impact after a Celsius bankruptcy examiner report showed that "Tether's exposure eventually grew to over $2 billion" in Sep. 2021. However, it is unclear if iFinex — Tether’s issuer — suffered any losses. iFinex CTO Paolo Ardoino denied exposure to Celsius and suggested that the examiner had "mixed up" prepositions in the r...