First mover US: Bitcoin falls to $26K; Is $24K Next?

The crypto consortium is Fahrenheit won A bid to acquire bankrupt lender Celsius Network, whose assets were previously estimated at around $2 billionaccording to court filing Made Thursday morning. The group will acquire Celsius’ institutional debt portfolio, staked cryptocurrencies, mining unit and additional alternative investments, and will pay a $10 million deposit within three days to seal the deal, court filings show, A consortium of buyers that includes venture capital firm Arrington Capital and miner US Bitcoin Corp, Fahrenheit was selected as the successful bidder after a lengthy auction process. Under the terms of the deal, the newly formed company will receive between $450 and $500 million in liquid cryptocurrencies, and US Bitcoin Corp will build a series of crypto mining facilities, including a new 100 MW plant.