• Aspen Digital

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

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.

0 views0 comments