Crypto

The attorneys emphasized that neither Bankman nor Fried held executive roles within the debtor entities, and the lawsuit failed to establish their direct involvement in alleged misconduct.

This expansion in data storage is expected to scale Ethereum's blockchain, accommodating increased transaction capacity without a surge in gas fees.

The initiative reflects a strategic collaboration between two leading blockchain foundations to leverage their technological strengths and business networks.

This development aligns with OKX's global expansion strategy, with the Middle East and North Africa (MENA) region seen as a significant hub for Web3 and crypto.

HashKey plans to utilize the newly acquired capital to reinforce its Web3 ecosystem, enhance product diversification for its licensed business in Hong Kong, and support global development initiatives.

Currently, Celsius still holds more than 550,000 ETH on its balance sheet, equivalent to an astounding $1.36 billion at the time of this publication.