MARKET WRAP: Bitcoin surged after U.S. Federal Reserve Governor Christopher Waller expresses support for an interest rate hike of 75 basis points, not 100, in July.
Celsius said in a statement the firm has “$167 million in cash on hand” to provide liquidity and “support certain operations during the restructuring process.”
Celsius has also filed a series of motions to continue operations as usual, including “requests to pay employees and continue their benefits without disruption.” However, the crypto lender said that it will not be “requesting authority to allow customer withdrawals at this time.” In June CoinDesk quoted people familiar with the situation saying Goldman Sachs was seeking to raise $2 billion from investors to
if the company declared bankruptcy. The investment banking firm has not confirmed any further actions yet.token plummeted to a low of 44 cents within hours of filing for bankruptcy and is now trading at around 76 cents, 18% down in the last 24 hours.The network continues to test its imminent transition from a
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