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Judge orders probe to investigate whether Celsius was a Ponzi

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The Federal judge overseeing the Celsius case has asked for an investigation to look into whether the firm acted like a Ponzi scheme and has asked for additional details before approving a $3 million bonus scheme.

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Coin Market

Aave’s TVL tanks $8B a day after $293M Kelp DAO hack

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The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol.

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Stablecoins not a threat to banks in the near-term: Moody’s analyst

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A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks’ market share.

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2024 BTC cycle ‘dramatically’ underperforming previous halvings: Analyst

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Volatility and upside have been declining with each Bitcoin halving cycle, but the new dynamics may not be permanent, according to Galaxy’s Alex Thorn.

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