Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’

Celsius finally broke its silence with a June 30 blog post stating that it is “working as quickly as we can to stabilize liquidity and operations.” Behind the scenes, it claims that actions are being made to “take important steps to preserve and protect assets and explore options available to us.” In new information, Celsius The post Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’ appeared first on CryptoSlate.

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Nansen report reveals Terra caused the stETH depeg and crippled Celsius, 3AC

The source of the current market volatility and liquidity issues with companies such as Celsius and Three Arrows Capital could be directly linked to staked Ethereum (ETH) on Lido, according to a June 29 report by analysis firm Nansen on the impact of the stETH/ETH depeg on the crypto industry. The post Nansen report reveals Terra caused the stETH depeg and crippled Celsius, 3AC appeared first on CryptoSlate.

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