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The Latest Breaking News from Celsius

Celsius is an even bigger dumpster fire than we thought

CEO Alex Mashinsky took over the embattled crypto exchange's trading strategy in January, and proceeded to make some questionable decisions at its helm.

Input

Celsius Expected To Reach Negative Liquidity By October

Beleaguered crypto lending platform Celsius (CRYPTO: CEL) is projected to reach negative liquidity of around $34 million by October this year, according to the company’s latest Chapter 11 documents.

Benzinga

'Bachelorette' contestant's firefighter dad has retirement locked up in bankrupt crypto lender

Chapman Shallcross had been burned before. Shallcross, father of current "Bachelorette" contestant Zach Shallcross, spent 34 years in the fire service, retiring from his job as a fire captain for the city of Orange after health issues caught up to him in 2020. The elder Shallcross considers himself a hands-on,…

Los Angeles Times

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Stock Market Extends Gains; S&P 500 Closes In On Key Level Despite Energy Sell-Off; Tesla Makes Bullish Move

The stock market extended gains Monday, shrugging of weak economic data out of China and a sell-off in oil and gas stocks.

Investors Business Daily

Crypto during a recession: Here’s what to expect

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.

Tribune News Service

Crypto platforms say they're exchanges, but they're more like banks

There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of a crypto wallet are the property of whoever has access to that wallet’s digital “keys.”

The Conversation

Crypto exchange announces fund freeze with teary anime GIF

The GIF in question depicts Anya Forger, one of the primary characters in Spy x Family.

Input

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Stock Market Holds Gains As Inflation Cools Off; Small Caps, Nasdaq Lead

The Nasdaq added to the morning's strong gains and is up by 2.5% in the afternoon session.

Investors Business Daily

Dow Jones Surges On Cool CPI Inflation Data; Elon Musk Sells More Tesla Stock

The Dow Jones Industrial Average surged 460 points on cool CPI inflation data. Elon Musk sold nearly $7 billion worth of Tesla stock.

Investors Business Daily

Dow Jones Futures: Inflation Report Looms For Market Rally; Twitter Rallies As Elon Musk Sells More Tesla Stock

July's CPI inflation report is due for the market rally. Elon Musk sold $6.9 billion of Tesla stock as Twitter deal odds rise. TSLA and TWTR rose.

Investors Business Daily

Pepsi Cozied Up To Celsius: What's Next For Coca-Cola/Monster? Access To Alcohol Via The Backdoor?

Activity in the energy drink market could pick up after a recent investment and distribution deal between PepsiCo Inc (NYSE: PEP) and Celsius Holdings Inc (NASDAQ: CELH).

Benzinga

Celsius Earnings Hot; CELH Stock Rockets On Booming North American Sales

Energy drink maker Celsius Holdings reported second-quarter results late Tuesday that beat expectations.

Investors Business Daily

Benzinga Before The Bell: Elon Musk Confirms Tesla AI Day Part 2, Dogecoin Scam, BioNTech Q2 Earnings Shocker And Other Top Financial Stories Monday, August 8

CNBC Celsius Withdraws Motion To Rehire CFO

Benzinga

Dow Jones Futures Rise: Market Rally Resilient; Apple, Tesla, These 5 Chip Stocks Could Use This

The market rally showed resilience after Friday's jobs report. Apple, Tesla and these 5 chip stocks could use this.

Investors Business Daily

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Benzinga

Celsius Seeks To Rehire CFO At $93,000 A Month, Customers — Not Surprisingly — Object

Bankrupt crypto lending platform Celsius has sought a judge's permission to reinstate the company’s former CFO Rod Bolger and pay him $93,000 each month over a minimum of six weeks.

ABC News

Australian investors left with nothing as cryptocurrency giant Celsius goes bankrupt

Australians describe their utter despair in letters to a New York bankruptcy court after cryptocurrency lender Celsius Network froze their withdrawals.

Benzinga

Benzinga Before The Bell: Robinhood's Cryptocurrency Growth, Moderna's Q2 Earnings, PayPal's New CFO And Other Top Financial Stories Wednesday, August 3

CNBC Celsius Is Looking To Rehire Its CFO Rod Bolger

Bangkok Post

Zipmex allowing some altcoin withdrawals

Asia crypto exchange Zipmex Pte plans to allow users to withdraw some tokens from their trading accounts.

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Benzinga

PepsiCo Isn't The Only One Bullish On Celsius: This Analyst Explains Why It's A Good Bet

Celsius Holdings, Inc. (NASDAQ: CELH) jumped nearly 12% higher on Monday after the announcement of it entering a long-term distribution partnership with soft-drink behemoth PepsiCo, Inc. (NASDAQ: PEP), a move that analys

Investors Business Daily

Stock Market Up By Midday; Investors Recoil From July's Best Performance Since 2020; Boeing Soars

The Nasdaq composite led the major indexes, dropping just 0.1%.

Investors Business Daily

Energy-Drink Maker Jolts Higher As This Beverage Giant Announces Big Stake

Celsius jolted higher Monday after the energy-drink maker said PepsiCo would take a $550 million stake as part of a distribution deal.

Bangkok Post

Crypto clients beg for their cash back after lender's crash

WASHINGTON: An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Asharq Al-Awsat

Crypto Clients Beg for their Cash Back after Lender's Crash

An Irishman at risk of losing his farm. An American having suicidal thoughts. An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back. Hundreds of letters have poured in to the judge overseeing the firm's multi-billion-dollar bankruptcy and they…

AFP

Crypto clients beg for their cash back after lender's crash

Washington (AFP) - An Irishman at risk of losing his farm.An American having suicidal thoughts.An 84-year-old widow's lost life savings: People caught in the meltdown of crypto lender Celsius are pleading for their money back.

Bangkok Post

SEC demands Zipmex clarify bankruptcy filing

The Securities and Exchange Commission (SEC) is demanding answers from executives of Zipmex after the cryptocurrency exchange refused to explain its filing for debt relief in Singapore.

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