Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL.
Celsius Network’s native token CEL rocketed upward late Tuesday amid reports that FTX’s Sam Bankman-Fried could bid on the bankrupt crypto bank’s assets.
The token, which had nosedived earlier Tuesday after the surprise departure of Celsius CEO Alex Mashinsky, jumped over src5% off its 24 hour lows following the Bloomberg report. It was trading hands around $src.52 at press time.
The fuel for CEL’s late-day rally came courtesy of crypto’s spending chief bailout officer, Sam Bankman-Fried, whose FTX exchange has been consolidating power in the crypto industry through whirlwind deals with distressed competitors. Late Monday, FTX won the bidding for Voyager Digital’s assets, valued at $src.4 billion; FTX claims it has $src billion left to spend on acquisitions.
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Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL.
Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL.