Well I’ll be damned. 18 months down the roadway after Celsius stopped briefly withdrawals, it lastly snaps out of what appeared an ever-lasting Chapter 11 Bankruptcy. In spite of preliminary scepticism around its capability to recover funds to financiers, 98% of lenders authorized the personal bankruptcy exit strategy.
Since February 1, Celsius has actually started dispersing over $3 billion in funds to its lenders. Christmas might have come early for lots of!
If you take place to be a victim of the Celsius legend and are anticipating circulations, a clear strategy will be presented in the coming weeks. You can discover more details on the FAQ here.
Celsius has actually now started to disperse over $3 billion in cryptocurrency and fiat to financial institutions, settle claims with crucial stakeholder groups, and practiced the formerly revealed MiningCo deal, leading to a brand-new Bitcoin mining business that will be called Ionic Digital, Inc., …
— Celsius (@CelsiusNetwork) February 1, 2024 Tether switches on the printer with a record-breaking $2.85 B earnings in Q4
Tether, the stablecoin provider behind USDT, has actually reported a record-breaking net revenue of $2.85 billion in Q4 2023, driven by considerable incomes from U.S. Treasury securities called T-bills. The Q4 figure takes their overall 2023 earnings to $6.2 B.
Let’s take a look at the chart genuine fast and out what this implies for the next couple of months!
https://www.tradingview.com/x/p5Hq9WDt/
We can see that the increase of USDT (Tether) market capitalisation usually shows a boost in need for stablecoins and possibly shows growing interest or activity within the cryptocurrency environment. As USDT is a stablecoin pegged to the United States dollar, its market cap growth might symbolize increased trading activity and liquidity in cryptocurrency markets. Traders frequently utilize USDT as a safe house or trading set versus other cryptocurrencies, assisting in smooth deals and arbitrage chances.
Back to just how much cash Tether made: Let’s put this kind of magnificent revenue into point of view … Tether made more cash than Wall St huge Goldman Sachs in 2015 with a labor force of less than 100 individuals! Crypto Gains for the win.
Among Solanas’s Largest Airdrops goes live … without any breakdowns!
Difficult to state what is more remarkable … The large size of this $700 million Jupiter ($JUP) airdrop or the truth that Solana had the ability to deal with the sharp spike in volume and activity without breaking a sweat.
After numerous network failures throughout the years, it’s warming to see it get tested and provide a presentation of its preparedness for the increase of the masses as a dependable, functional and healthy chain.
Even Jupiter’s own designers were on the edge of their seats about the reality that airdrop might ruin the system’s efficiency.
For the coin, many of this volume came in the kind of sales, as airdrop receivers looked to capitalise on their complimentary tokens as the cost fell 60%.
Source: dextoolsio BTC Where to next? ยป …
Learn more
