The partnership between GMX and Chainlink The platform is designed to allow blockchains to exchange messages and perform transactions with each other without a trusted third party. Before bankruptcy, the company maintained offices in four countries and operated globallyįinally, Polkadot is a blockchain platform and has its own native crypto which is DOT. Pepe Coin (PEPE), on the other hand, is one of the new meme cryptocurrencies to hit the market and is named after the famous character Pepe the Frog.Ĭelsius Network is a now-bankrupt cryptocurrency lending company. SummaryAnalysis of the crypto asset GMX, Pepe (PEPE), Celsius Network (CEL) and Polkadot (DOT).The partnership between GMX and ChainlinkFocus on the price of the PEPE crypto: a comparison with GMX, Celsius and PolkadotCoinbase and Gemini participate in auction to acquire Celsius NetworkPolkadot and collaboration with Mythical Chain for ecosystem expansion Analysis of the crypto asset GMX, Pepe (PEPE), Celsius Network (CEL) and Polkadot (DOT).Īs a reminder, GMX is a DeFi platform, built on the Arbitrum (Ethereum L2) and Avalanche network, which allows trading on cryptocurrencies such as BTC, ETH and others. It, therefore, remains important for investors to monitor the development of the DCG/ Grayscale drama.Īt press time, the Ethereum price stood at $1,216, still lagging momentum.News within the crypto market: how are the GMX, Pepe (PEPE), Celsius Network (CEL), and Polkadot (DOT) coins performing? Below is an overview of all the latest news featuring them. If there is a Reg M solution, probably not all Grayscale investors would want to sell. However, it is important to emphasize that a downfall does not necessarily mean a dump of all coins at once. Due to the connections through loans between both companies, a downfall of the parent company could also drag the cash cow Grayscale down with it. However, the current developments put massive pressure on DCG and therefore also on Grayscale. Grayscale has a low-risk, high-return project. Dissolving trusts requires an application to the SEC, and the process is very lengthy and difficult, on the other hand not impossible as evidenced by the dissolution of the XRP trust as a result of the SEC lawsuit against Ripple. It’s important to remember that Grayscale is regulated by the SEC. Related Reading: Valkyrie Investments Wants To Take Over Grayscale Bitcoin Trust, Reveals Plans However, as a Twitter user, Karl shows, not only BTC investors but also altcoin investors should be rooting for Silbert’s companies to survive. These Altcoins Are The Biggest Holdings Of DCG And GrayscaleĪs many know, Grayscale owns a massive amount of Bitcoin as part of its GBTC, namely more than 630,000 BTC, which is causing great concerns among investors. Securities and Exchange Commission for refusing to convert GBTC into a Bitcoin spot ETF. 3rd when a three-judge panel will rule on the complaint against the U.S. Thus, the pressure on DCG CEO Barry Silbert is building up day by day, while he is presumably hoping for Feb. In addition, in what is believed to be a tactical decision, Valkyrie Investments and Fir Tree recently got involved in the “Shakespearean drama,” as NewsBTC reported yesterday. The Winklevoss twins have given DCG an ultimatum of January 8th to return the $900 million Gemini Earn customer funds, while the users themselves have filed a class action lawsuit against both companies. The pressure on the Digital Currency Group (DCG) and Grayscale continues to mount.
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