Might 25, 6:38 am
Coindesk
Remnants of Celsius Community Awarded to Fahrenheit, Pending Regulatory Approval
Crypto consortium Fahrenheit has gained a bid to accumulate bancrupt lender Celsius Community, with a deposit of $10 million due inside three days. The deal contains Celsius’s institutional mortgage portfolio, staked cryptocurrencies, mining unit and extra various investments. US Bitcoin Corp will assemble a spread of crypto mining amenities, and the bid should be accepted by regulators to finalize the acquisition.
![Bitcoin [BTC], Gold, S&P 500 and a case of the widening correlation](https://www.blocpress.com/wp-content/uploads/2023/03/chart-1905225_1920-1000x600-120x86.jpg)
