Global cryptocurrency platform Chelsea Network LLC is set to undergo significant changes after its Chapter 11 plan was confirmed by the U.S. Bankruptcy Court for the Southern District of New York. The change came after the company faced challenges from the U.S. Securities and Exchange Commission (SEC). The restructuring plan initially included forming a new company with Fahrenheit, LLC focused on various crypto business activities. But the SEC’s request for more information about Celsius assets led to a strategic shift. Chelsea now plans to transition into a publicly traded, client-owned Bitcoin mining company known as Mining NewCo. Investment vehicle Fahrenheit…
Author: Crypto Flexs
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Coinbase recently announced that it had increased its bond repurchase limit by $30 million. The cryptocurrency exchange is currently willing to spend $180 million to buy back the outstanding 3.625% senior notes.Bondholders have previously shown little interest in selling senior notes to cryptocurrency exchanges. Investors bid for $50 million worth of bonds last month. Cryptocurrency giant Coinbase announced that it has increased its bond repurchase limit by $30 million. The California-based cryptocurrency exchange is now willing to spend a whopping $180 million to fund the redemption of its 3.6% senior notes due in 2031. Senior debt is a type of…
To address these issues, investors are faced with a standard menu of options (Figure 1). To improve the balance between risk and return in your portfolio, you can reallocate to asset classes that offer better risk-adjusted returns, lower correlation, or both. For example, in recent years, certain investors have increased their exposure to alternatives, including private equity and illiquid private assets such as real estate. While this has been a successful approach, this type of vehicle is not available to many individual investors.
Blockchain analytics platform Token Terminal predicts that Ethereum (ETH), the world’s second most valuable cryptocurrency, could soar to more than $36,800 within 10 years based on total market projects. in depth analyze Covering Ethereum on November 23, the analytics platform gave several reasons to push the coin to astronomical levels of nearly 18 times its spot level. ETH price could reach $36,800 by 2030 | Source: Token Terminal Ethereum is king and is expected to handle $14 trillion in value by 2030. The Token Terminal report cited strengthening network effects, increasing token scarcity, and a successful transition to proof-of-stake (PoS)…
CryptoQuant analysts have identified a significant systematic buying trend in Ethereum, suggesting a growing inflow of strategic investments into the blockchain network. Analyst Reveals Ethereum Systemic Buying Trends Maarten Regterschot, cryptocurrency market observer and contributing analyst at CryptoQuant, said: X (formerly Twitter) posts systematic buying trends it has seen in Ethereum. The analyst presented a chart that indicated that one or more investors were engaging in time-weighted average price (TWAP) buying. Ethereum futures. Regterchot found that open interest for Ethereum increases linearly. This suggests that there has been systematic purchasing of ETH assets over an extended period of time. He…
According to OnChain, Blast, the newly introduced Ethereum (ETH) Layer 2 network, promises a “default rate of return” on ETH and stablecoin holdings, positioning itself as the third largest Ethereum holder in just three days after launch. Secured it quickly. data.Since its launch on November 20, the platform has accumulated more than 140,000 staked Ethereum worth approximately $286 million, leveraging Lido, a liquid staking protocol, according to Etherscan data. This accumulation represents approximately 1.5% of the total amount of staked Ethereum.Data from Debank shows that the protocol’s multi-sig wallet currently holds more than $335 million in assets, including Ether staked…
Crisis is a cruel teacher. It can unite us in our shared vulnerability, but paradoxically it can also alienate us from our shared humanity. In times of great crisis, the institutions and structures of society that are supposed to protect and support us can become distorted, corrupted, and powerless. Sometimes the very things that make us human can play a role in our collective dehumanization. My political activity in Syria became the basis for denying me the most basic form of identity. I was detained and tortured as a means of political repression. My academic activities were forced to a…
As a member of the EEA, Unicorn Ultra Network (U2U) is part of a community of EEA organizations working to advance Ethereum and drive industry adoption. In the Q&A below, EEA interviews Unicorn Ultra Network CMO Chloe Phung about how the organization contributes to the Ethereum business ecosystem. Please introduce your company and yourself. My name is Trang Phung, Chief Marketing Officer at U2U. I am also an experienced entrepreneur and manager with a huge passion for financial investments and technology, especially financial technology. The U2U network is a Directed Acyclic Graph (DAG) based chain that is EVM compatible. Our…
TLDR Coinbase’s Base Layer 2 network has gone open source to promote transparency and community contribution. This move simplifies development tasks and promotes collaboration. Optimism (OP), the Ethereum layer 2 network, is scheduled for a significant token release on October 30, 2023, matching the value of previous releases. NuggetRush (NUGX) is a community-driven blockchain game that offers P2E and NFT opportunities. It focuses on building strong communities and real value in underserved areas. Coinbase’s Base Layer 2 network recently open sourced its code repository to increase transparency and encourage public contributions. Meanwhile, Optimism (OP) is preparing to launch a large-scale…
The price of Litecoin fell 3% on Friday morning, trading around $67. Santiment wrote in X that there has been a sharp increase in on-chain movement of altcoins. LTC is witnessing a surge in address activity and whale trading, with figures hitting their highest since June. The overall cryptocurrency market is down 1.5% over the past 24 hours to $1.3 trillion, with Bitcoin hovering just above $34,000. Meanwhile, most altcoins are struggling to maintain their recent gains. However, as market watchers and analysts have said, the overall outlook for cryptocurrencies is optimistic ahead of what could be a massive bull…