Celsius CEO breaks silence

Day four of Celsius customers unable to access their savings. Market Activity Total Market Cap $931.40B (+6.45%) 24 Hour Volume 113.62B (+19.72%) Notable Movers[(EGLD) $50.45]( (+11.34%) Notable Movers (DeFi)[(UNI) $3.95]( (+4.75%) Bitcoin Dominance 44,49%[(-0.20%)]( Bitcoin Price[(BTC) 21,824.25 (+6.21%)]( Ethereum Price[(ETH) $1,173.38 (+9.87%)]( Cardano Price[(ADA) $0,5042 (+11.59%)]( Editor's Note Are NFTs the New Black? Remember Anna Sorokin? The fake German heiress who scammed a bunch of wealthy New Yorkers out of a lot of money trying to build an art society? The infamous socialite whose story made you binge watch Netflix a few months ago? The girl who is currently still giving interviews from ICE detention? Unsurprisingly, she is back in the news again — and this time, she’s ready to turn over a new leaf. In an interview with NBC, Sorokin said that she is “trying to move away from this like, quote unquote scammer persona” by…..launching a collection of NFTs. That is correct — the most famous non-crypto scammer of 2022 is ready to move into “something legal” (her words) with her new NFT collection, which would give holders one-on-one phone calls with Sorokin in detention, a package of Sorokin’s “personal items” and maybe even an in-person meeting (if/when she is released from the immigration detention center). Sorokin touted the benefits of blockchain to NBC, using the example of the difficulty of tracking photography without a decentralized ledger — “like how somebody takes a picture. And they’re really so hard to track it, track the way it’s being used. So I guess there’s a lot of ways to abuse it [...] And I think we are thinking about doing an NFT with my art … for the future.” Her website for the NFT drop, also playfully called “Reinventing Anna” after the Netflix show, has some explainers about crypto and NFTs for the uninitiated. The FAQS note that ETH is “a cryptocurrency used to obtain NFTS” andthat “NFT scams are EVERYWHERE these days.” Fascinating stuff. Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ] Sell the rumor, buy the news?]( 🧐 On today's [CoinMarketRecap podcast]( with Connor Sephton, we look at how BTC reacted to the Fed's big announcement… as the world's biggest cryptocurrency rebounds from $20,000. Is the bottom near? unveils biggest rate hike since 1994]( 🇺🇸 The Federal Reserve has announced the biggest interest rate hike since 1994. It's going up by three-quarters of a percentage point — 75 basis points — and the U.S. central bank "anticipates ongoing increases" later this year. Economists are battling to bring inflation under control, with the Consumer Price Index surging to 8.6% in May. This took the markets by surprise, with the Fed accused of failing to do enough to tackle the cost-of-living crisis. Bitcoin remained above the psychologically significant threshold of $20,000 when the announcement was made — and brutal sell-offs earlier on Wednesday were linked to nerves over what would be announced. says MicroStrategy is 'comfortable']( 💰 Michael Saylor has defended MicroStrategy's decision to invest heavily in Bitcoin. Damping down fears surrounding the $205 million loan that the business intelligence firm has with SIlvergate Bank, which is backed by BTC, he told CNBC that MicroStrategy is "10x overcollateralized right now." The CEO added: "The margin call thing is much ado about nothing. It's just made me Twitter famous, so I appreciate that. And the Twitter trolls love to beat up on me because it gets them engagement." Saylor went on to stress that the margin loan is "well-managed" — and his company is "comfortable" thanks to a "fortress balance sheet." CEO breaks his silence]( 😞 The embattled CEO of the Celsius Network has broken his silence on Twitter — with the crypto lender's customers now unable to access their digital assets for a fourth day. Stressing that his team is working "non-stop," CEO Alex Mashinsky said: "This is a difficult moment; your patience and support mean the world to us." One user who responded to Maskinsky's Twitter post had a simple message: Don't let me down. Henry wrote: "I had 45 ETH which I was saving for my new house. I'm crying and praying to God that I will be able to get that money out. It took four years and me working 100 hours every week to save. Can't sleep." rejects 'false rumors']( 😬 Tether has condemned "false rumors" surrounding its commercial paper portfolio, as fears grow that the world's biggest stablecoin is susceptible to collapse during the bear market. In a statement, the company that issues the digital asset dismissed claims that 85% of its commercial paper portfolio derives from Asian markets — and that it's currently trading at a 30% discount. Warning that "simple users" risk taking the biggest hit as "coordinated funds" cash in on the uncertainty, Tether added: "These rumors are completely false and likely spread to induce further panic in order to generate additional profits from an already stressed market." Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [App Store]( [Google Play]( [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( %SENDER-INFO-SINGLELINE%