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Celsius Creditors Recover $2.53 Billion in Cash and Crypto Distribution
Celsius has distributed more than $2.53b to about 251,000 creditors, the bankruptcy administrator said in a report on the disbursements.
This distribution accounts for about two-thirds of eligible creditors and roughly 93% in value, a Monday court filing showed. The administrator distributed the funds in crypto and cash, valued at Jan. 16 prices.
Additionally, around 121,000 eligible creditors, each holding an average claim near $1,500, have not yet successfully claimed their payouts. Among them, about 64,000 are owed less than $100 each. Another 41,000 are due amounts ranging between $100 and $1,000.
Further, about 12,000 creditors have yet to receive their share from the bankruptcy distribution. This delay is due to two primary factors. First, some claims are being held back. Additionally, others are missing essential information in their accounts, the administrator said.
Celsius Creditors See Swift Distribution After January Payout Began
The distributions to creditors have progressed swiftly following the payout initiation in January.
Within the first two weeks, around 65%, or $1.7b, was successfully distributed to creditors, the administrator said. A month later, nearly 80%, or about $2b, had been distributed.
#laraxen #Laraxenteam #LaraxenFamily
**News Flash: TON Blockchain Sees Explosive Growth with Telegram Mini Apps**
The Open Network (TON), linked to Telegram, has experienced massive growth in 2024. Thanks to popular Telegram Mini Apps like Notcoin and Hamster Kombat, the total value locked (TVL) in TON projects has surged over 2,000%, jumping from $14.2 million in January to $307.6 million.
**What are Telegram Mini Apps?**
- Web applications running inside Telegram
- Launched in 2023 to enable developers to build apps using HTML, CSS, and Javascript
- Available in the Telegram Apps Center
**Key Drivers of Growth:**
- Integration of TON blockchain in January 2024
- Telegram's 900 million user base
- TON's speed, scalability, and low transaction fees
- New in-app payment tools like Telegram Stars
**Challenges and Future Outlook:**
- TVL peaked at $776.6 million in July but dropped 60% amid broader market sell-offs and the detention of Telegram CEO Pavel Durov
- Despite challenges, the TON Foundation remains operational and optimistic about future growth
Stay tuned for more updates on the evolving TON ecosystem!
If $DOGS was your first airdrop, then welcome to the world of crypto! đ
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Here are some essential tips to keep you on the right track đ:
âą **Crypto is more than just Telegram mini apps**âthereâs a whole ecosystem out there to explore! đ
âą **Keep trying**âespecially with free airdrops. You never know which project might reward you handsomely. đ
âą **Stay grounded**âdon't expect unrealistic gains. Some accounts might sell you dreams, but itâs important to stay realistic.
âą **Manage expectations**âespecially with Telegram mini apps. If a few projects donât go as planned, youâll be prepared.
âą **Beware of scams**âsome projects are just out to grab your money. Stay alert and protect yourself! đš
âą **Follow value**âonly stick to Twitter accounts that provide real value, not just empty promises.
Follow me on "X" đhttps://x.com/Crypto_Psychicc?t=ptTX0e_srd5FvEiGaF5wMg&s=09đ
âą **Explore beyond Telegram**âthere are hundreds of well-funded projects out there. Learn about Web3 as a whole to broaden your horizons.
đâą **Consistency is key**ânot every day will be like the $DOGS airdrop day. There may be dry spells, but showing up daily will eventually pay off.
âą **DYOR is a must**âDoing Your Own Research will keep you ahead of the game and help you make informed decisions. đŻDonât just bookmark thisâimplement it! đ
#DOGSRISE
Is Worldcoin Price Set for a Rebound? Key Resistance Levels to Watch
The #Worldcoin price has shown signs of weakening momentum over the past few sessions, with prices hovering near crucial support levels. Closing prices indicate a gradual decline, reflecting the increasing pressure on the crypto. Recent actions suggest $WLD is testing the $1.731 support level, a critical juncture that could determine the next phase of the market's direction.
The 9 and 20 EMAs are converging, with both averages trending downward. This alignment typically signals a bearish outlook, as shorter-term momentum is not strong enough to support a bullish reversal. The MACD further corroborates this bearish sentiment, as the histogram has consistently printed negative values, indicating that bearish momentum is outpacing bullish forces. The RSI, hovering below 45, also signals a lack of buying pressure, adding to the probability of further downside movement.
Given the current technical setup, the Worldcoin price may continue its downward trajectory, especially if it fails to hold above the $1.731 support level. A break below this could see the crypto testing deeper support levels at $1.638 and potentially $1.601. On the flip side, any bullish reversal attempts would need to overcome immediate resistance at $1.742, with a stronger resistance barrier at $1.789. #WLD #altcoins The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(WLDUSDT)
đ Celsius has repaid two-thirds of its eligible customers as part of its long-awaited bankruptcy proceedings. According to a Monday court filing, the bankrupt crypto lender has repaid approximately $2.53 billion to 251,000 creditors.
- That's 84% of the $3 billion owed to over 375,000 creditors.
- The bankruptcy payments are a positive development for the expanding crypto industry.
Not all creditors are rushing to claim their crypto, especially those owed less than $100. The bankruptcy administrator will retry distributing to these creditors via Coinbase every two weeks.
Celsius filed for bankruptcy in July 2022, a month after pausing user withdrawals. Former CEO Alex Mashinsky faces charges but is out on a $40 million bond.
A skilled trader managed to secure a significant 400% profit by trading $DOGS tokens.
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Here's the breakdown:
Before DOGS gained traction on major centralized exchanges (CEXs), it was traded at a low price of $0.00013 on decentralized exchanges (DEXs).
Seizing the opportunity, the trader purchased around 55.9 million DOGS tokens with 3,271 Toncoin (TON), equivalent to $18,400. Once DOGS was listed on platforms like Binance, HTX, ByBit, and OKX, its value soared.
The trader capitalized on this surge by selling 20 million DOGS for $34,600 and moving the remaining 35.9 million tokens, valued at $61,000, to a CEX, resulting in a total of $77,300âmarking a 420% return on investment.
Despite the initial surge, DOGS' price dropped by over 23% following its listing, with its market capitalization reaching $640 million. Nonetheless, interest from investors and traders is growing, as indicated by a 35% increase in DOGS' open interest in the last four hours and a staggering 16,000% rise in the past 24 hours.
#DOGSONBINANCE #TelegramCEO #BinanceBlockchainWeek #dogs
**News Flash: Celsius Repays Two-Thirds of Eligible Customers Amid Bankruptcy**
Celsius, the bankrupt crypto lender, has repaid $2.53 billion to 251,000 creditors, covering around 84% of the $3 billion owed. This marks a significant step in its bankruptcy proceedings, which began in July 2022 after halting user withdrawals.
Interestingly, not all creditors are rushing to claim their funds. Out of 121,000 remaining creditors, many are owed small amounts, with 64,000 having less than $100 in crypto. The bankruptcy administrator is making ongoing efforts to distribute these funds via Coinbase and PayPal.
Celsius's bankruptcy has also involved hefty fines and legal battles, including charges against former CEO Alex Mashinsky for financial fraud. Mashinsky, who has pleaded not guilty, is out on a $40 million bond awaiting trial.
đš BREAKING: Pavel Durov, the visionary behind Telegram, now faces 12 criminal charges in a case that's sending shockwaves through the entire crypto world! đš
As the legal noose tightens, **developers on Solana ($SOL ) and Ethereum ($ETH )** are being warned to **steer clear of Europe**. The message is loud and clear: founders and developers could now be on the hook for crypto-related scams.
This isnât just another legal tussleâitâs a **game-changer** that could **redefine the future of decentralized platforms**. With the stakes so high, the very foundation of the crypto community is at risk of being shaken to its core.
**Altcoins like Solana and Ethereum are already feeling the tremors**. As uncertainty grips the market, the question remains: **Who will thrive in this rapidly shifting landscape?**
đ„ **Stay sharp, stay informed, and always DYOR**âthe crypto world is on the brink of a major upheaval, and only those who are prepared will come out on top! đ„
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO
đ AI & Big Data Tokens Surge! đ
- Market cap for AI and big data crypto projects skyrocketed by 79.7% in three weeks, hitting $38B on Aug. 25.
- Bitcoin's rollercoaster ride dragged AI tokens down to $18.21B on Aug. 6, but they bounced back like a crypto cat with nine lives!
- Top tokens: NEAR ($5.5B), ICP ($3.8B), FET ($3.4B), and TAO ($2.8B).
- Fear & Greed Index hit "extreme fear" but now it's "neutral"âinvestors are feeling zen again.
- Whale drama: One big spender regretted selling FET and bought back $2.38M worth at a higher price. đ
Stay tuned for more crypto adventures!
Bitcoin dips below $63K đ, shedding 1.4% in 24 hours as profit-taking from a recent rally takes its toll. Major cryptos like ETH, BNB, ADA, and XRP also saw declines, with DOGE leading the fall at 4%. Meanwhile, QCP Capital notes a bullish sentiment in the options market, but don't expect explosive moves just yet!
On a brighter note, SafePal's SFPlus update has driven SFP token prices up by 8%! đ The new staking rewards are enticing long-term holders with exclusive benefits. What do you think about the current market trends? Share your thoughts below! #CryptoNews #Bitcoin #SafePal
**Crypto Market Sees AI and Big Data Tokens Surge**
The market cap for AI and big data cryptocurrencies has skyrocketed by nearly 80% in the past three weeks, signaling renewed investor confidence.
- On Aug. 6, the market hit a yearly low of $18.21 billion, largely due to Bitcoin's slump below $50,000.
- By Aug. 25, the market cap rebounded to over $38 billion, mirroring Bitcoin's recovery.
Top tokens include:
- Near Protocol (NEAR): $5.5 billion
- Internet Computer (ICP): $3.8 billion
- Artificial Superintelligence Alliance (FET): $3.4 billion
- Bittensor (TAO): $2.8 billion
Investor sentiment has shifted from "extreme fear" to "neutral," with the Fear & Greed Index reflecting this change. Strange whale activity was noted, with one whale repurchasing FET tokens at a higher price.