Bankrupt Celsius Network Channels $75 Million of Ether to Figment Staking Service – What's Going On?
The bankrupt crypto lender Celsius Network has staked close to $75 million worth of ETH via the staking service Figment, on-chain data has revealed. The massive transfer from Celsius to Figment was made via fourteen sepa...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The massive transfer from Celsius to Figment was made via fourteen separate transactions made between May 10 and 12, and totaled some 40,928 ETH or about $74.5 million by Tuesday’s exchange rate.
The funds were sent to a smart contract labeled “Figment: Eth2 Depositor 1” by blockchain explorer Etherscan....
Read More: Bankrupt Celsius Network Channels $75 Million of Ether to Figment Staking Service – What's Going On?
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Dutch prosecutors sell seized crypto from bankrupt broker Knaken, but customers may never be made whole
Knaken's collapse highlights the urgent need for stronger regulatory protections for crypto customers, as current frameworks leave...
Polkadot ETF realized $4.52 of loss per $1 in staking rewards
On Friday, the 21Shares Polkadot ETF (TDOT) reported that it realized $4.52 of loss per share by selling Polkadot (DOT) tokens to...
XRP Price Prediction: Wells Fargo Disclosed Millions in XRP Holding
XRP price trades near $1.00, remaining near the key level that separates confidence from doubt for its prediction. That flatline h...
This public company quit solar for a $5 million Bitcoin bet, now it has just $166,000 in cash
Sono Group’s transition to a Bitcoin-heavy treasury is laying bare the severe financial strain at the core of the restructured com...
Tether Pushes Into Artificial Intelligence as User Base Tops 650M
Tether is expanding into artificial intelligence as it looks to build on a global user base of more than 650 million. CEO Paolo Ar...
Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses
Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked...