Tether Slams Celsius Network’s $2 Billion Lawsuit as Groundless
Tether denies Celsius Network's $2 billion liquidation claims, calling the lawsuit a tactic to deflect blame for Celsius' mismanagement.

Tether denies Celsius Network's $2 billion liquidation claims, calling the lawsuit a tactic to deflect blame for Celsius' mismanagement.
Celsius is suing Tether for allegedly mishandling Bitcoin collateral, seeking around $3.5 billion. The lawsuit is contested by Tether, which claims Celsius directed the liquidation.
Despite GBTC's significant outflows and concerns about market absorption, Bitcoin manages to maintain support at $40,000. The market remains uncertain, with conflicting forecasts from analysts and traders.
At 8 o'clock last night, BTC, which had been breaking away from the 45k sideways position since 6 o'clock in the evening, reached the fastest acceleration of its downward decline. In just 2 hours, it went from 45k pins to nearly 40k.
A sharp fall in the cryptocurrency's price in May and June appears to have coincided with the increase in wallet addresses holding more than one Bitcoin.
USDT stablecoin issuer Tether has denied any connection between its investment in Celsius and its reserves or stability.
The stablecoin issuer has once again explained that its investment in Celsius has no impact on its USDT reserves.
The USDT stablecoin issuer Tether denies any correlation between its investment in Celsius and its reserves or stability.
Incoming CPI data is set to shock markets, while Bitcoin traders are eyeing the event as a potential “short-term bounce” catalyst.
$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.