Bitcoin and Ether Fall After FED Announcement, Celsius Emerges from Bankruptcy, and Swan Unveils Mining Business

💰Bitcoin and ether prices fell after the FED pushed back on interest rate cut expectations.

🚀Celsius successfully emerged from bankruptcy and began distributing over $3 billion to creditors.

⛏️Swan, a Bitcoin-focused exchange, unveiled its mining business and has already mined over 750 Bitcoin.

📉Binance and its founder have been sued for their alleged role in processing transactions linked to a designated terrorist organization.

🌐The US Energy Information Administration will start surveying crypto miners on their electricity usage.

Why did Bitcoin and ether prices drop?

—The drop was triggered by the FED's announcement that it plans to keep interest rates steady and push back on rate cut expectations.

What happened with Celsius and their bankruptcy?

—Celsius successfully emerged from bankruptcy and started distributing over $3 billion in liquid crypto and fiat currencies to creditors.

What is Swan's mining business?

—Swan, a Bitcoin-focused exchange, launched its own mining unit and has already mined over 750 Bitcoin.

Why is Binance being sued?

—Binance and its founder have been sued for their alleged role in processing transactions tied to a designated terrorist organization.

What is the US Energy Information Administration doing?

—The US Energy Information Administration will start surveying crypto miners on their electricity usage to understand the evolving energy demand for cryptocurrency mining.

00:00Bitcoin and ether prices fell after the FED's announcement on interest rates.

00:23Celsius successfully emerged from bankruptcy and started distributing over $3 billion to creditors.

01:36Binance and its founder have been sued for their alleged involvement with a designated terrorist organization.

02:19The US Energy Information Administration will survey crypto miners on their electricity usage.

03:22Swan, a Bitcoin-focused exchange, unveiled its own mining unit and has already mined over 750 Bitcoin.