Crypto Pulse #16 - Celsius users approach bankruptcy court. Friday, 2nd Sep 2022 | Powered by GenShards.
02 Sep 2022, 13:14
Crypto Pulse #16 - Celsius users approach bankruptcy court ⚖️
Friday, 2nd Sep 2022 | Powered by GenShards
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⛰Macro Landscape
📌 Celsius custodial service users are petitioning a bankruptcy court, in an attempt to force the lender to repay them (source)
📌 Wave Financial, a US based $1.5b fund made its first acquisition in Europe amidst "unprecedented demand among investors for access to digital assets". It is also plotting further deals taking advantage of the ‘fire sale’ environment (source)
📌 MicroStrategy’s Michael Saylor is being sued for alleged tax fraud in Washington, D.C. (source)
📈 Markets and Ecosystem
📌 As Bitcoin continues battling the 20k level, altcoins mostly remain in the red (source)
📌 Open interest in crypto futures is outpacing market size - this increases the odds that high volatility is about to come into the market (source)
📌 Ethereum-based asset management protocol Babylon Finance is going to shut shop in November after failing to recover from the impact of April’s $80 million exploit on Rari Capital (source)
🀄️ NFTs and Metaverse
📌 OpenSea is going to exclusively support Ethereum PoS NFTs following the Merge, and any "forked" NFTs are not going to be supported (source)
📌 Axie Infinity NFT sales continue to suffer due to reduced interest from collectors. It now has 4 consecutive months with sub $10M sales (source)
📌 The Luxury brand Hermès has filed a trademark application for its name with plans to expand into the metaverse (source)
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