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Morning Crypto Briefing: Equity Rally Supports Crypto Into Weekend, BTC in Mid-$21Ks, ETH Above $1.2

Celsius Network hires advisors to prepare for potential bankruptcy – WSJ

WikiFX

| 2022-06-27

Abstract： Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported https://www.wsj.com/amp/articles/celsius-network-taps-more-advisers-to-prepare-for-potential-bankruptcy-11656088078?mod=Searchresults_pos1&page=1 on Friday, citing people familiar with the matter.

The New Jersey-based cryptocurrency lending company froze withdrawals and transfers earlier this month due to “extreme” market conditions, in the latest sign of the financial market downturn hitting the cryptosphere.

A separate report from CoinDesk said https://www.coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources on Friday that Wall Street bank Goldman Sachs was looking to raise $2 billion from investors to buy distressed assets from Celsius.

The proposed deal would allow investors to buy the assets at potentially big discounts if the cryptocurrency lender files for bankruptcy, according to the report, which cited two people familiar with the matter.

Celsius had $11.8 billion in assets as of last month. The company and Alvarez & Marsal did not immediately respond to Reuters requests for comment.

The market for digital assets has in recent months been roiled by extreme volatility as investors dump risky assets on fears that aggressive interest rate hikes to tame stubborn inflation could plunge the economy into recession.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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Morning Crypto Briefing: Equity Rally Supports Crypto Into Weekend, BTC in Mid-$21Ks, ETH Above $1.2

Dufourbit Warning: FCA Says the Firm Is Unauthorised—7 Checks Before You Pay

The FCA warned about Dufourbit on 19 August 2026. Check the named domain, contact details, missing protections and seven steps before making any payment.

Original 31m

XAU/USD Hits $4,500: Washington Bought Bonds—and Gold Exploded

Gold surged above $4,500 after the US Treasury expanded its purchases of longer-dated government bonds, pushing yields and the dollar lower. But this was not debt forgiveness or Federal Reserve money printing—it was a liquidity operation that exposed a much bigger fear: America may be finding it increasingly difficult to live with market-driven interest rates.

Original 3h

India Forex Reserves Rebound to $707 Billion: Why That Does Not Guarantee a Stronger Rupee

India forex reserves rose by $14.136 billion to $707.002 billion in the week ended 7 August 2026. This explainer separates RBI forex-reserve facts from rupee predictions, explains the role of foreign currency assets and gold, and gives forex-market readers a practical checklist before treating one headline as a trading signal.

Original 18h

UK Inflation Jumps to 2.9%: What the July Data Means for GBP and Bank Rate Expectations

UK CPI rose to 2.9% in July 2026 from 2.6% in June. See what the data may mean for GBP, gilt yields and Bank Rate expectations without overreading one release.

Original 18h