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Celsius files for bankruptcy; Crypto unfazed by US inflation

Celsius files for bankruptcy despite having paid off millions in loans. Meanwhile, the crypto market sees green despite US inflation rates.

Welcome to The Daily Forkast – July 14, 2022 – presented by Joel Flynn.

Coming up on today’s show:

Celsius files for bankruptcy after paying off hundreds of millions of dollars of loans.

Meanwhile in the markets, Bitcoin bounces back after US CPI hits 41-year high.

MATIC skyrockets as Polygon joins Disney accelerator.

Bitcoin hashrate slumps to lowest in over five months amid 100-degree-plus weather in Texas.

And finally, questions over Circle’s USDC reserves linger despite reassurances.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast July 14.