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Celsius Debt Now Down to Around USD 120M After Aave, Compound Repayments


Troubled crypto lender Celsius (CEL) appears to have no intention of being frozen out of the crypto world – and is continuing to take action to avoid possible insolvency as it has been hurriedly repaying the debts it owes.  Blockchain analytics data shows that Celsius has recently repaid some...

Rebase Token Economy Dropped From $8 Billion to $577 Million in 7 Months


Seven months ago, the top rebase crypto tokens by market capitalization were collectively worth $8.03 billion and since then, the entire rebase token economy has lost more than 92%, dropping to $577 million. Olympus has dropped 99% since the asset’s all-time high (ATH), klima dao shed 99.9%...

India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit


In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...

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