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.