U.S. Federal Trade Commission Sues Celsius Network And Its Founder Alex Mashinsky
Portfolio Pulse from Happy Mohamed
The U.S. Federal Trade Commission (FTC) has filed a lawsuit against Celsius Network and its founder, Alex Mashinsky. The details of the lawsuit are not yet disclosed.
July 13, 2023 | 1:45 pm
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NEGATIVE IMPACT
The lawsuit against Celsius Network may impact the price of Bitcoin (BTCUSD) as Celsius Network is a major player in the crypto lending space.
Celsius Network is a major player in the crypto lending space. Any negative news about the company could potentially impact the overall sentiment in the crypto market, leading to a decrease in the price of Bitcoin.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
The lawsuit against Celsius Network may impact the price of Ethereum (ETHUSD) as Celsius Network is a major player in the crypto lending space.
Celsius Network is a major player in the crypto lending space. Any negative news about the company could potentially impact the overall sentiment in the crypto market, leading to a decrease in the price of Ethereum.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The lawsuit against Celsius Network may have a minimal impact on the SPY ETF as the crypto market and traditional stock market are not always correlated.
While the lawsuit against Celsius Network could impact the crypto market, it is unlikely to have a significant impact on the SPY ETF as the crypto market and traditional stock market are not always correlated.
CONFIDENCE 90
IMPORTANCE 30
RELEVANCE 20