bitcoin
Bitcoin (BTC) $ 67,510.09
ethereum
Ethereum (ETH) $ 3,720.79
tether
Tether (USDT) $ 0.999891
bnb
BNB (BNB) $ 590.86
xrp
XRP (XRP) $ 0.516691
cardano
Cardano (ADA) $ 0.447973
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.697507
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.158308
okb
OKB (OKB) $ 45.17
polkadot
Polkadot (DOT) $ 7.01
shiba-inu
Shiba Inu (SHIB) $ 0.000026
tron
TRON (TRX) $ 0.110974
uniswap
Uniswap (UNI) $ 10.59
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,426.07
dai
Dai (DAI) $ 0.999872
litecoin
Litecoin (LTC) $ 82.42
staked-ether
Lido Staked Ether (STETH) $ 3,716.93
solana
Solana (SOL) $ 164.78
avalanche-2
Avalanche (AVAX) $ 35.84
chainlink
Chainlink (LINK) $ 18.23
cosmos
Cosmos Hub (ATOM) $ 8.48
the-open-network
Toncoin (TON) $ 6.40
ethereum-classic
Ethereum Classic (ETC) $ 29.57
leo-token
LEO Token (LEO) $ 5.96
filecoin
Filecoin (FIL) $ 5.70
bitcoin-cash
Bitcoin Cash (BCH) $ 463.59
monero
Monero (XMR) $ 143.31
bitcoin
Bitcoin (BTC) $ 67,510.09
ethereum
Ethereum (ETH) $ 3,720.79
tether
Tether (USDT) $ 0.999891
bnb
BNB (BNB) $ 590.86
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.516691
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.158308
cardano
Cardano (ADA) $ 0.447973
solana
Solana (SOL) $ 164.78
matic-network
Polygon (MATIC) $ 0.697507
polkadot
Polkadot (DOT) $ 7.01
tron
TRON (TRX) $ 0.110974

Celsius Community Transfers $24.5 Million in Ethereum (ETH) to Coinbase: Particulars

Must Read

Blockchain analytics agency Spot On Chain reported on X (previously Twitter) that Celsius Community, the cryptocurrency lending platform, not too long ago transferred 8,091 Ethereum (ETH) tokens price roughly $24.5 million to Coinbase. This transaction, which came about at a median worth of $3,022 per ETH, marks the biggest Ethereum deposit made by Celsius Community within the final three months.

Spot On Chain additionally highlighted earlier transactions by Celsius Community. From Nov. 13, 2023, to Jan. 31, 2024, the corporate moved a staggering 847,626 ETH, equal to round $1.90 billion, to varied centralized exchanges. These transfers had been reportedly carried out for over-the-counter (OTC) offers.

#Celsius Community returned to deposit 8,091 $ETH ($24.5M) to #Coinbase at ~$3,022 9hrs in the past.

Notably, that is their largest $ETH deposit in 3 months. Beforehand, from Nov-13-23 to Jan-31-24, Celsius moved 847,626 $ETH (~$1.90B) to varied CEXs, allegedly for some OTC offers.… pic.twitter.com/mVtEV6UOA4

— Spot On Chain (@spotonchain) April 17, 2024

Compensation to collectors

The latest transfers come within the wake of Celsius Community’s announcement in February that it had initiated the reimbursement of $3 billion in cryptocurrencies and fiat currencies to its collectors. This important step marked the conclusion of Celsius Community’s chapter proceedings.

As a part of its chapter exit technique, Celsius Community launched Ionic Digital, a Bitcoin mining agency. Ionic Digital is ready to function independently and can proceed to generate recoveries to fulfill the claims of collectors. This transfer displays Celsius Community’s dedication to fulfilling its obligations and rebuilding its monetary stability.

See also  Ether Bears Hit a Brick Wall as Value Collides With Bull-Market Trendline

Troubled previous

Celsius Community’s latest monetary strikes come 18 months after the platform halted withdrawals in June 2022. This freeze was precipitated by a extreme crypto market crash triggered by the $45 billion loss within the worth of Terra’s Luna cryptocurrency. A month into the suspension of withdrawals, Celsius Community filed for Chapter 11 chapter.

Nonetheless, the latest Ethereum switch to Coinbase by Celsius Community is seen as part of the corporate’s ongoing efforts to repay its collectors and emerge from chapter. With the creation of Ionic Digital and the reimbursement of a good portion of its money owed, Celsius Community seems to be on a path towards monetary restoration and stability.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Bitcoin ETFs reworked the market ceaselessly

A brand new report from asset administration agency Franklin Templeton highlights the market relevance of some key devices: bitcoin...

More Articles Like This