CEL
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$CELO
🟢 Celsius Bankruptcy Case Comes to a Close
🗣️ Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its hundreds of thousands of customers, the Wall Street Journal (WSJ) reported Thursday (Nov. 9).
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$CELO
🟢 Celsius Bankruptcy Case Comes to a Close
🗣️ Cryptocurrency platform Celsius Network has won permission to end its bankruptcy case. And with that approval, the company can now return most of the remaining crypto back to its hundreds of thousands of customers, the Wall Street Journal (WSJ) reported Thursday (Nov. 9).
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Celsius Network recently executed a significant move by burning all 652.2 million CEL tokens, amounting to $85.75 million and accounting for 93.7% of the total supply.
As a result, the current total supply stands at 40.6 million CEL, as indicated on CoinGecko. This action potentially contributed to a 7% increase in the CEL price, rising from $0.13 to $0.139 within 7 hours following the burn.
Despite the token burn, CEL continues to be actively traded on various centralized exchanges (CEX), including OKX, Bitget, Gateio, Bybit, and MEXC.
Interestingly, Celsius Network had previously mentioned its intention to burn all CEL tokens in its possession in a September 2023 bankruptcy filing.
However, this token burn was not reiterated when the company announced plans to distribute $3 billion in crypto to creditors in January 2024.
It's worth noting that a test burn of 2 CEL tokens had taken place three months ago on January 24, 2024. This recent mass burn signals a significant shift in Celsius Network's token strategy.
Address: 👇
0x455257963812c008ce8edf3d08cb48e95c8aa2e2
#Celsius $CEL #CEL #BURN
As a result, the current total supply stands at 40.6 million CEL, as indicated on CoinGecko. This action potentially contributed to a 7% increase in the CEL price, rising from $0.13 to $0.139 within 7 hours following the burn.
Despite the token burn, CEL continues to be actively traded on various centralized exchanges (CEX), including OKX, Bitget, Gateio, Bybit, and MEXC.
Interestingly, Celsius Network had previously mentioned its intention to burn all CEL tokens in its possession in a September 2023 bankruptcy filing.
However, this token burn was not reiterated when the company announced plans to distribute $3 billion in crypto to creditors in January 2024.
It's worth noting that a test burn of 2 CEL tokens had taken place three months ago on January 24, 2024. This recent mass burn signals a significant shift in Celsius Network's token strategy.
Address: 👇
0x455257963812c008ce8edf3d08cb48e95c8aa2e2
#Celsius $CEL #CEL #BURN
dear binance Team plz delist #CEL is fraud plz dnt be invest tarde up to down trade down to up......
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Bearish
$CEL
Possible scalp short idea📉
H4 - D1 resistance❗️
overbuy zone❗️
#CEL #trading #crypto #BTC #dyor
Possible scalp short idea📉
H4 - D1 resistance❗️
overbuy zone❗️
#CEL #trading #crypto #BTC #dyor
#CEL #cryptonews #crypto2023 #BinanceSquare
$CELO
🟢 Investment firm involved in Celsius acquisition reportedly eyeing FTX
💬 Proof Group, part of the Fahrenheit consortium that acquired bankrupt Celsius Network, has shown interest in the potential relaunch of FTX, Bloomberg reported, citing people familiar with the matter. The investment firm is reportedly exploring potential partnerships with other entities to secure the acquisition of FTX.
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$CELO
🟢 Investment firm involved in Celsius acquisition reportedly eyeing FTX
💬 Proof Group, part of the Fahrenheit consortium that acquired bankrupt Celsius Network, has shown interest in the potential relaunch of FTX, Bloomberg reported, citing people familiar with the matter. The investment firm is reportedly exploring potential partnerships with other entities to secure the acquisition of FTX.
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#BTC #CEL #cryptonews #crypto2023 #BinanceSquare
$BTC $CELO $SHIB
🟢 Celsius Network Emerges From Bankruptcy: Transforming Into A Creditor-Led Bitcoin Miner
💬 Celsius Network , a prominent player in the crypto lending space, has secured court approval to undergo a significant transformation. The transition involves a shift from a cryptocurrency lending platform to a Bitcoin mining company, now owned by its creditors.
⚪ Shiba Inu Burn Rate Surges by 1100% Amidst Sharp Decline in SHIB Price
🗨 Shiba Inu is generating considerable attention in the cryptocurrency space as its community, dubbing it the Dogecoin-killer, actively burns substantial amounts of cryptocurrency tokens, according to data provided by the Shiba community. In the midst of ongoing price volatility experienced by the SHIB token, the community has been steadfast in its efforts to bolster the SHIB tokenomics.
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$BTC $CELO $SHIB
🟢 Celsius Network Emerges From Bankruptcy: Transforming Into A Creditor-Led Bitcoin Miner
💬 Celsius Network , a prominent player in the crypto lending space, has secured court approval to undergo a significant transformation. The transition involves a shift from a cryptocurrency lending platform to a Bitcoin mining company, now owned by its creditors.
⚪ Shiba Inu Burn Rate Surges by 1100% Amidst Sharp Decline in SHIB Price
🗨 Shiba Inu is generating considerable attention in the cryptocurrency space as its community, dubbing it the Dogecoin-killer, actively burns substantial amounts of cryptocurrency tokens, according to data provided by the Shiba community. In the midst of ongoing price volatility experienced by the SHIB token, the community has been steadfast in its efforts to bolster the SHIB tokenomics.
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#BURGER/USDT and #CEL has made a significant amount of trade till now. It has reached max cap. So it is recommended to refrain from trading in these two. Rather wait for the new opportunities and avoid taking risk in mentioned coins until change of date. Best of luck!
#XRP #CEL #cryptonews #crypto2023 #BinanceSquare
$XRP $CELO
🟢 XRP surges 10% after flurry of positive news
💬 The Ripple ecosystem's native token, XRP, surged more than 10% on Nov. 6 to become the fourth-largest cryptocurrency by market capitalization as weekday trading began. The token is trading at $0.714 as of press time, according to CryptoSlate data.
🟢 Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say
🗨 The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.
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$XRP $CELO
🟢 XRP surges 10% after flurry of positive news
💬 The Ripple ecosystem's native token, XRP, surged more than 10% on Nov. 6 to become the fourth-largest cryptocurrency by market capitalization as weekday trading began. The token is trading at $0.714 as of press time, according to CryptoSlate data.
🟢 Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say
🗨 The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.
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