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Celsius reveals US$1.2B financial hole; Terra subsidiary investigated

Celsius reveals it has a US$1.2 billion hole in its balance sheet. Meanwhile, a Terra subsidiary is under investigation by South Korean authorities.

Welcome to The Daily Forkast – July 15, 2022 – presented by Joel Flynn.

Coming up on today’s show:

Celsius reveals US$1.2 billion hole in balance sheet.

Meanwhile, Opensea cuts 20% of its workforce.

And more on the markets, Circle’s reserve breakdown shows US$13.58B cash and US$42.12B in U.S. Treasurys.

Eth2 merger closer as ninth shadow fork goes live.

A report says Terra subsidiary used as funds channel for overseas affiliates.

And finally, play-to-earn games shifting focus to fun. 

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast July 15.