TLDR Crypto · MARKETS & BUSINESS
CELSIUS TO UNSTAKE THOUSANDS OF ETHER, POSSIBLY EASING ETH SELLING PRESSURE
Summary from the TLDR Crypto newsletter
Crypto lender Celsius, amidst bankruptcy restructuring, plans to unstake its significant ETH holdings. This move could influence ETH's market performance due to the frequent selling of staking rewards. Crypto wallets linked to Celsius have staked over $151 million worth of ether. Outflow data shows Celsius sent over 30,000 ETH to a custodian in the past week.