Fahrenheit Wins Celsius Acquisition, Bitpanda Joins Coinbase
• Fahrenheit Wins Celsius Acquisition: A crypto consortium backed by Bitcoin Corp., Arrington Capital, Proof Group, Steven Kokinos, and Ravi Kaza has won the acquisition of the insolvent lender Celsius Network. The consortium will take ownership of Celsius’s institutional loan portfolio, staked crypto assets, Bitcoin mining unit, and other crypto-related investments.
• BTC-e Co-Founder Wants to be Included in a Russia-USA Prisoner Exchange: Russian citizen Alexander Vinnik is mounting a campaign to be included in any prisoner exchange between Russia and the US that could free detained Wall Street Journal reporter Evan Gershkovich.
• Bitpanda Joins Hands with Coinbase: Crypto platform Bitpanda announced a collaboration with Coinbase to connect the US exchange with banks in Europe.
Fahrenheit Wins Celsius Acquisition
Crypto consortium Fahrenheit is the winning bidder in the acquisition of the insolvent lender Celsius Network. According to the press release, the consortium, which is backed by Bitcoin Corp., Arrington Capital, Proof Group, Steven Kokinos, and Ravi Kaza, will take ownership of Celsius’s institutional loan portfolio, staked crypto assets, Bitcoin mining unit, and other crypto-related investments. Fahrenheit will provide the capital, management team, and technology to establish and operate the new public regulation-compliant company which will receive liquid cryptocurrency estimated to be between $450m and $500m.
BTC-e Co-Founder Wants To Be Included In A Russia – USA Prisoner Exchange
Russian citizen and co-founder of an allegedly illicit crypto exchange BTC-e Alexander Vinnik who is facing US money laundering charges is mounting a campaign to be included in any prisoner exchange between two countries that could free detained Wall Street Journal reporter Evan Gershkovich as reported by WSJ. Vinnik’s lawyer attempts to alter protective order on Vinnik’s case so he can be considered for prisoner trade deal. David Rizk an assistant federal defender from Northern District of California says such negotiations require strong public campaign to “maximize chances” for exchange.
FTX Investors Serve Ex Basketball Star Shaquille O’Neal
Lawyers for FTX investors said they served ex basketball star Shaquille O’Neal at formerly FTX Arena now known as Kaseya Center during playoff basketball game he was commentating on according to The Wall Street Journal. This follows new lawsuit alleging O’Neal founded & promoted Solana based nonfungible token project called Astrals which lawsuit claims were unregistered securities.
Terra/LUNA Executives Remain In Detention
Terra/LUNA co founder Do Kwon & chief financial officer Han Chang Joon remain in detention after Montenegro court revoked previously approved request for bail due to court not sufficiently assessing value of defendant’s property as per High Court claim next hearing scheduled for June 16th .
Bitpanda Joins Hands With Coinbase
Crypto platform Bitpanda announced collaboration with Coinbase connecting US exchange with banks in Europe allowing customers access via SEPA transfer or deposit funds directly from their bank accounts using Express Trade feature enabling them instantly begin trading on Coinbase .