1/ @tier10k shows the PNL of El Salvador, @Tesla, @MicroStrategy, and @BlockFi for their $BTC holdings
2/ @jonwu_ talks about what @CelsiusNetwork is and why it is taking down the entire crypto market
Celsius is one of the largest centralized gateways to crypto.
It raised $864m of venture capital and at one point custodied over $3 billion of funds for 1m+ customers.
As of today, it appears insolvent, and it's taking the whole crypto market with it.
The Celsius Thread:
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3/ Three stages of the bear market by @JasonYanowitz (spoiler: we are only in stage 2)
4/ @Nexo offers to buy the remaining assets of @CelsiusNetwork
After what appears to be the insolvency of @CelsiusNetwork and mindful of the repercussions for their retail investors & the crypto community, Nexo has extended a formal offer to acquire qualifying assets of @CelsiusNetwork after their withdrawal freeze.
Daily Degen 2022 June 14 🦍📓