# Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

# Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer

” Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer “ Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender. In a statement issued Friday, Tether explained that its lending arrangement with Celsius prevented…

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# Celsius pays down 143M in DAI loans since July 1

# Celsius pays down 143M in DAI loans since July 1

” Celsius pays down 143M in DAI loans since July 1 “ Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency.  Since July…

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# Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default

# Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default

” Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default “ Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,” Voyager Digital CEO Stephen…

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# Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

# Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

” Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions “ Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at 3.10%, its highest level since December 2007. This shows that traders are demanding higher…

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#Jessica Simpson scores M loan six months after regaining brand

#Jessica Simpson scores $67M loan six months after regaining brand

“Jessica Simpson scores $67M loan six months after regaining brand” Singer-turned-designer Jessica Simpson refinanced her apparel company just six months after regaining full control of the $1 billion brand. The former reality TV star scored a $67.5 million loan from Second Avenue Capital Partners – which is backed by the Schottenstein family, owner of American…

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# DeFi transforming lending routes on the blockchain

# DeFi transforming lending routes on the blockchain

” DeFi transforming lending routes on the blockchain “ The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As the crypto ecosystem has grown to a $2-trillion industry by…

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#Biden’s student-loan forgiveness is unfair to most Americans

#Biden’s student-loan forgiveness is unfair to most Americans

“Biden’s student-loan forgiveness is unfair to most Americans” President Joe Biden is considering doing mass student-loan forgiveness, but “limited” to people who make less than $125,000 a year. That’s a clear sign he recognizes the horrible optics of debt-cancellation, which will largely benefit wealthier Americans. Yet the limit is a joke: Forgiveness would still help…

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