Compartilhe este artigo
Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale
Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.
Bankrupt crypto lender Celsius, its creditors, and its Series B holders have agreed on a settlement to distribute $25 million from the proceeds of the sale of GK8 to the shareholders, with $24 million allocated for legal expenses and $1 million to be distributed amongst the group.
Self-custody platform GK8 was sold to Galaxy Digital as part of Celsius’ bankruptcy proceedings, and while the exact details of the sale were not disclosed, Galaxy spokesman Michael Wursthorn earlier told CoinDesk that the price was significantly less than the $115 million Celsius bought it for.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
The bankrupt crypto lender closed its Series B round in November 2021. Growth equity firm Westcap and one of Quebec’s pension funds led the round, which was oversubscribed, expanding the raise from $400 million to $750 million.
Initially, one group of Series B shareholders argued that the $24 million allocated does not cover the entirety of their legal expenses, and another said that the $1 million represents an unfair “windfall” for a certain group.
The largest group of Series B shareholders said in a filing that they plan to share $1 million of the settlement equally with all preferred shareholders, and are arguing that the court should disregard objections and approve this settlement to allow the rest of the bankruptcy process – which would include retail users – to move forward.
Celsius and its creditors are due back in court in New York on July 18 at 10 A.M. eastern time.
Alex Mashinsky, the former CEO of Celsius, was arrested last week following an investigation into the company's collapse, and the bankrupt lender is being sued by the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC).
Mais para você
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
O que saber:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Mais para você
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
O que saber:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
