Goldman Sachs Leading to Raise $2 Billion to Buy Celsius Network's Assets
Daily Market Wrap
Crypto market cap: 0.94 trillion, down 1.21%
BTC price stands at USD 21,078, down 1.39%
ETH price stands at USD 1,213, down 1.58%
Top gainer: Dogecoin (DOGE), up 10.43%
Top loser: THORChain (RUNE), down 8.72%
News of the Day
Goldman Sachs is raising $2 billion to buy Celsius Network’s distressed assets.
Why it matters:
Goldman Sachs is seeking to raise $2 billion from investors to acquire distressed assets from troubled crypto lender Celsius Network
The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing
Celsius Network has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported
Crypto Daily Spotlight
Solana Labs plans to launch Web3-focused smartphone saga for crypto traders.
Brief introduction: Solana is a decentralised blockchain built to enable scalable, user-friendly apps in DeFi, NFT, and Web 3.0. Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Why it matters:
Solana Labs announced the launch of the Solana Mobile Stack (SMS) software ecosystem for Android and an upcoming Android smartphone called Saga
The phone will have a 6.67-inch 120Hz OLED display, 512GB of storage, and 12GB of RAM, powered by Qualcomm’s latest Snapdragon 8 Plus Gen 1 chip
SMS will consist of a number of products, including a seed vault, a custody solution, a mobile wallet adapter, Solana Pay for Android, and its decentralised application (dApp) store
Daily Sector Tracker
Daily News Roundup
Crypto Exchange FTX in Talks to Acquire Part of BlockFi https://bit.ly/3yjHOIY
Binance Launches Institutional Platform for VIP and Institutional Investors https://bit.ly/3OCLhry
Yuga Labs is Suing the Group Claiming BAYC Founders are “Super-secret Nazis” https://bit.ly/3OCUBeY
Waves Founder Holding More Than $530 Million to Avoid USDN De-Peg https://bit.ly/3bhrdMU
Voyager Digital Intends to Pursue Three Arrows Capital for $650 Million Loan https://bit.ly/3AcbSrg
About Aspen Digital
Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.
For more information, please visit https://www.aspendigital.co/
Sign Up on Aspen Digital
We have launched the beta version of our platform. If you would like to know more, please sign up here.