🔥 After Celsius Pauses, Self-Custody More Needed Than Ever

Discover the news of the week [View in Browser]( [Gif Ledger Bites]( The crypto market was already shaken by Terra Luna when Celsius Network decided to freeze asset transfers… setting the crypto world on fire again. Freezing transfers is impossible with self-custody, and that’s what we stand for at Ledger. [Read our blog]( and learn why the future of Web3 belongs to self-custody. [Learn why self-custody is key]( [Figures] [Metaverse spending in 2030]( [capgemini study]( The World's Most Popular Wallet Just Got Better. [Shop Ledger Nano S Plus →]( [In the know] [Bitcoin sinks towards the $20K mark.]( The world’s first cryptocurrency is down 30% in the past week, now far from the all-time-record of $69,000. Among the factors behind the fall are worsening economic conditions, inflation, the Fed’s policy and the Celsius network freeze. [Tag Heuer rolls out NFT features.]( Customers can now display NFTs on the face of certain smartwatch models, in a new feature announced on Wednesday morning. Frédéric Arnault, CEO of Tag Heuer, says: "This feature fits with TAG Heuer’s tradition of being avant-garde and innovative in technology." And stay tuned for more upcoming news! [Despite the bear market, Binance announces 2000 open positions.]( "It was not easy saying no to Super Bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for Binance," CZ said on Twitter. [Halborn Security, a blockchain security firm, identifies new software wallet security threats.]( The lesson is clear, and truer than ever: software wallets on Web2 hardware aren’t secure. They can be easily hacked - it’s just a matter of time before they are exploited at scale. [It’s finally here! Cardano just landed in your Ledger Live app.]( You can now easily and securely manage your ADA coins in Ledger Live. Mobile support is coming soon. With ADA’s much awaited integration, the top 10 ranked coins in terms of market cap are now all supported in your Ledger Live app. [Circle launches a fully-reserved euro-backed stablecoin, EUROC.]( In times of bear market, demand for stablecoins continues to grow. For Circle’s co-founder Jeremy Allaire: "There is clear market demand for a digital currency denominated in euros (...). Circle is helping to unlock a new era of fast, inexpensive, secure and interoperable value exchange worldwide." Wanna share our Biiiiiites with a friend ? [Send →]( [Insight of the week] As Celsius Network Pauses Asset Transfers, The Need For Self-Custody Is Reinforced [Celsius illustration] Many thought the Terra Luna tumble would mark the lowest point of the crypto market, but they were wrong. Celsius Network, one of the largest crypto lenders, announced that it has paused withdrawals, swaps, and transfers of assets. Citing “extreme market conditions”, the company issued [a memo to its community]( stating that its “ultimate objective is stabilizing liquidity and restoring withdrawals, swap, and transfers.” The consequence was quickly felt. The market saw hundreds of millions of dollars worth of liquidation, with Celsius’ native token— CEL—losing 50% of its value and Bitcoin and Ethereum trading at some of their lowest levels in over a year. While the assets of hundreds of thousands of customers were freezed, this episode should be a turning point for self-custody and financial freedom. The Promise of Permissionless Money The Celsius case acts as a strong reminder that self-custody [should belong]( to the future of Web3. “It’s a natural progression of the industry and inherently unique to crypto’s founding principle,” as Charles Hamel, Ledger VP of product, puts it. Not your keys, not your coins is a tale as old as time in the crypto world. It’s a common phrase, but the concept behind it is too often misunderstood. Pascal Gauthier, CEO at Ledger, summarizes it well: “Once you trust someone with your money, it’s no longer your money, it’s theirs, and then eventually they’ll give it back to you…Bitcoin has been designed for self-custody. So if we’re doing Bitcoin just to put our money back in the bank, then there’s no point.” Owning your money simply is about self-sovereignty, financial freedom and control. A few years from now, truly owning your digital money might seem as natural as having cash today. As part of Ledger’s mission, we create hardware wallets to provide you with the path to financial freedom with the highest level of security for your private keys. [I wanna know more] [Read the interview]( of Charles Hamel, our VP Product, explaining why the future of Web3 is self-custody. Learn more about the Celsius crisis and how it makes a case for self-sovereignty by reading our [blog](. [Inside Ledger] We are now only 5 days away from Ledger Op3n. Experience the next phase of the Web3 revolution with product reveals, installations, panels from top-tier Web3 creators, limited edition merch, NFTs and more. Join us IRL in NYC or via livestream on Twitter, June 22nd. Listen to our podcast with… [Charles Hoskinson]( the founder of Cardano. Tune in, sit back, relax, and listen to our “ADA x Ledger” episode to understand everything behind our latest, long-awaited, integration, and to know what will be next. [Images of the week] Is that Luxury 3.0? [Tag Heuer NFTs]( Source: [VogueBusiness]( How did you like our newsletter this week? 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