Slides

The crypto market sell-off deepens as prominent lender Celsius blocks customers from accessing their assets. Volatility in Lido's staked ether adds to ...

"1. As outlined by @SmallCapScience, an entity like Celsius has to sell stETH to ETH to cover customer withdrawals (at an increasingly worse price). 2. "1 stETH = 1 ETH after the Merge. Lido is fully backed, and you can verify it on-chain — this is not under discussion. The stETH token has historically traded in lockstep with ether's spot market price. The stETH holders can sell their tokens for ETH in the open market. Celsius' own coin called CEL plummeted 56% to $0.18, down from the record price of $8 reached in June 2021. Bitcoin, the biggest cryptocurrency by market value, fell to $24,700, losing 10% in 24 hours. However, with liquidity abound, investors ignored the alarm bells only to find themselves in troubled waters ever since the Fed turned its focus to inflation control and liquidity tightening late last year. Lido is the world's biggest liquid staking protocol, allowing users to stake their coins while retaining the liquidity that can be used across the DeFi space to earn extra yield. Leveraged yield farmers (e.g. the Instadapp Lite vault). The cascading liquidations would begin closer to 0.85." That, in turn, could exacerbate panic selling. The algorithmic dollar-pegged stablecoin lost its peg on May 8, eventually crashing to near zero and wiping out $40 billion in investor wealth. The crypto lending business boomed in recent years, as central banks resorted to unprecedented money printing in the wake of the coronavirus-induced crash of 2020.

Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions, ...

So far, Celsius has chosen not to engage," said Nexo co-founder Antoni Trenchev. Celsius and crypto firms that offer services similar to banks are in a "grey area" of regulations, said Matthew Nyman at CMS law firm. Register now for FREE unlimited access to Reuters.com The collapse in May of the terraUSD and luna tokens also shook the industry. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

LONDON (Reuters) -- Bitcoin tumbled on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and tra.

Celsius and crypto firms that offer services similar to banks are in a "grey area" of regulations, said Matthew Nyman at CMS law firm. So far, Celsius has chosen not to engage," said Nexo co-founder Antoni Trenchev. Also on Monday, BlockFi, another crypto lending platform, said it was reducing its staff by about 20% due to "dramatic shift in macroeconomic conditions worldwide." Borrow low". The token was last trading flat at $1. After Celsius's announcement, bitcoin touched an 18-month low of $22,725, before rebounding slightly to around $23,924.

Bitcoin tumbled on Monday after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions, in the ...

Celsius and crypto firms that offer services similar to banks are in a "grey area" of regulations, said Matthew Nyman at CMS law firm. So far, Celsius has chosen not to engage," said Nexo Co-Founder Antoni Trenchev. "We reached out to Celsius Sunday morning to discuss the acquisition of its collateralised loan portfolio. "We are taking this action today to put Celsius in a better position to honour, over time, its withdrawal obligations," the New Jersey-based company said. Celsius said on its website on Monday that customers who transfer their crypto to its platform can earn an annual return of up to 18.6%. In a blog post, the company said it had frozen withdrawals, as well as transfers between accounts, "to stabilise liquidity and operations while we take steps to preserve and protect assets."

Former World No.1 Ashleigh Barty was named an Officer of the Order of Australia and took the plunge on an icy water slide to fight Motor Neurone Disease ...

... This diversity is a strength and each has impacted their community and made it better." Barty was dressed as Rafiki from "The Lion King," and she hoisted a stuffed Simba into the air as she landed in the chilly water ahead of the Australian rules football game between Collingwood and Melbourne. Retirement seems to have left Ashleigh Barty busier than ever.

Kanye West made his chaotic return to Instagram on Monday (June 13) to blast Adidas for allegedly copying his YEEZY slides design.

The new Adidas Adilette 22 slides will be releasing in 5 different colourways, with a few dropping Thursday June 23rd, retailing for $55 dollars. Everything seemed to be going smoothly in the lucrative partnership between Adidas and YEEZY, as the empire they’ve created is a major component of Kanye’s billionaire status. “THIS IS YE driving down the same street Kobe passed on,” he wrote.

After nearly a decade of collaborating together, Kanye West fired a shot at Adidas for 'blatant copying' of his Yeezy slides.

This shoe is a fake Yeezy made by adidas themselves I’m not talking to DC about this either Kasper come talk to me. This shoe is a fake Yeezy made by adidas themselves I’m not talking to DC about this either Kasper come talk to me. I'm not going to comment on every comment he or anyone else is making,' Rorstad said in a Bloomberg interview in May 2018. Disrespect: 'These shoes represent the disrespect that people in power have to the talent. 'These shoes represent the disrespect that people in power have to the talent. Bravery is overcoming your fear for your truth.

Kanye West has stirred conversation by calling out Adidas over the Adilette 22 Slides collection - he thinks it's a "copy" of Yeezy Slides.

Another shared: “They are similar because they are both bulky Adidas slides. Both Yeezy and Adilette’s slides are earth-toned rubber slip-on sandals, but the former has a treaded outsole. Kasper come talk to me.”

Kanye West (aka Ye) rips Adidas over its new Adilette 22 Slides, which he says is a 'fake Yeezy.' Find the full story and latest updates here.

Sneakers like the Tubular Invader and Tubular Shadow were reminiscent of the Yeezy Boost 750 and Yeezy Boost 350, respectively, and new Adidas foam shoes have drawn comparisons to the Yeezy Foam Runner. It’s similar to that of the Yeezy Slide from West’s own Adidas line and is apparently too close for comfort for Kanye, who called out Adidas CEO Kasper Rørsted over the new release. Meanwhile, the Yeezy Slide from Ye’s Adidas line originally retailed for $55 but has since seen a price increase to $60. While it’s commonplace in the sneaker industry for brands to release derivative “take down” variations of their own popular models, Adidas has been dropping Yeezy-adjacent footwear since the line’s early days. “To Kasper I’m not standing for this blatant copying no more,” West wrote. UPDATED 6/13, 10:00 p.m.: Kanye made another Adidas-related Instagram post this evening, sharing a screenshot of a text message that appears to outline the stipulations of his contract with the brand.