Ethereum News Daily TheBitTimes.com

At the time of writing, Shiba Memu presale had raised $3,242,388.49. One Shiba Memu (SHMU) token is going for 0.029800 USDT although expected to sell at 0.030025 USDT in the next presale stage. The Celsius bankruptcy case is nearing its end after creditors approved the lender’s reorganization plan. In a whirlwind of developments within the cryptocurrency landscape, two distinct narratives have emerged that are capturing the attention of the crypto community. Shiba Memu, a revolutionary meme token with AI-powered marketing capabilities, is making waves with a token presale that has reached a staggering $3.2 million. At the same time, Celsius , a crypto lender that faced bankruptcy, has received approval from its creditors for a reorganization plan that promises to return a substantial portion of holdings to investors. Here, we delve into these two intriguing stories. Shiba Memu redefining meme tokens In the ever-evolving world of cryptocurrencies, me...

The year 2022 saw a wave of insolvencies in the crypto market, with numerous firms filing for bankruptcy. Among them was the Celsius Network , a prominent crypto lender, which was one of the early casualties. However, nearly a year later, the assets of the company have been successfully acquired by another firm. Coincidentally, Celsius ’s funds were being acquired by a crypto consortium called Fahrenheit. The consortium entails several buyers. Notable participants in this group include venture capital firm Arrington Capital and miner U.S. Bitcoin Corp. The group is set to acquire Celsius ’s institutional loan portfolio, staked crypto mining unit, and other alternative investments. To finalize the deal, the consortium is required to make a deposit of $10 million. This should be done within three days, as stated in the court filings. The way forward for Celsius & Fahrenheit In the latest deal, the new firm will acquire about $450 to $500 million worth of liquid crypto assets....