BREAKDOWN: Giving Up the Ghost? It’s Chapter 11 Time for Celsius
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 July 2022
⏱️ 16 minutes
🧾️ Download transcript
Summary
Celsius Networks has moved into bankruptcy proceedings.
This episode is sponsored by Nexo.io, Chainalysis, FTX US and Ava Labs.
On today’s episode, NLW covers Celsius moving into Chapter 11 bankruptcy proceedings. This move has been anticipated for some time, but in advance Celsius sought to repay as many of its DeFi loans as possible. Also covered is a small but important decision in the Securities and Exchange Commission’s lawsuit against Ripple.
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Ava Labs releases Core, the free, non-custodial browser extension, built for the power of Avalanche. Core is an all-in-one operating system bringing together Avalanche apps, Subnets, bridges and NFTs in one seamless, high-performance experience. Eager to start using Web3 dapps to their fullest potential? Download today at core.app!
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:14.8 | The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Thursday, July 14th, and today we are back on the |
| 0:28.7 | crypto side of the house with the latest on Celsius's imminent bankruptcy proceedings. |
| 0:35.0 | Before we get into that, however, if you are enjoying the breakdown, please go subscribe |
| 0:38.5 | to it, give it a rating, give it a review, or if you want to dig deeper into the conversation, |
| 0:43.4 | come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash |
| 0:48.3 | breakdown pod. Also, a disclosure as always. In addition to them being a sponsor of the show, |
| 0:53.9 | I also work with |
| 0:54.8 | FTX. Lastly, this week, I am very pleased to welcome Ava Labs as an additional sponsor. |
| 1:02.3 | Did you know that you can bridge Bitcoin natively across the Avalanche Bridge to take advantage |
| 1:06.9 | of the growing DFI ecosystem on Avalanche, this is just one of the innovative features of |
| 1:11.2 | Core, the new non-custodial browser extension and wallet developed by Ava Labs. |
| 1:15.9 | Core is engineered for Avalanche users to have the most secure and seamless Web3 experience. |
| 1:20.8 | Easily swap assets, display your NFTs in style, and store your assets in a ledger-enabled |
| 1:25.8 | wallet. Plus, you can put real dollars in your |
| 1:28.4 | core wallet in just a few clicks. Go to core.com to access the full power of Web3 on Avalanche. |
| 1:35.5 | Well, friends, it appears that we have fallen into a bit of a pattern, haven't we? One day, there is |
| 1:41.2 | some big macro news that makes us pay attention to the larger Tradfai context. |
| 1:46.7 | And then the next day, of course, we have to race back over to crypto to catch up on some big |
| 1:50.6 | thing that happened here that's shaping internal narratives. |
... |
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