Stablecoins Take a Dive: Is Bitcoin Next on the Chopping Block? 🤔💸

In a recent missive on the platform known as X, the astute observer Axel Adler Jr. has illuminated the latest trends in the Exchange Inflow of our two stablecoin protagonists, USDT and USDC. One might wonder, what is this “Exchange Inflow”? It is, dear reader, a measure of the total assets flowing into the wallets of centralized exchanges, a veritable river of digital currency.

When Bankruptcy Meets Courtroom Drama: A Tale of Alex Mashinsky

In a motion filed on a rather unremarkable Monday, the esteemed United States Bankruptcy Court for the Southern District of New York has declared that an agreement has been reached between the debtors of Celsius and Mr. Mashinsky, along with his associates from AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC. This agreement, one might say, is akin to a gentleman’s handshake, which prohibits the distribution of any proceeds from the bankruptcy to these parties. How very noble! 🙄