Celsius Network’s Strategic Polygon (MATIC) Sale and Its Market Implications

Summary: The article from BeInCrypto covers Celsius Network’s recent sale of 56.8 million Polygon (MATIC) tokens, a move valued at approximately $44.5 million. This decision is part of the company’s broader strategy to address financial challenges and repay affected clients following its collapse. The piece also briefly mentions the transfer of significant cryptocurrency amounts by FTX and Alameda Research to major trading platforms. A critical development highlighted is the U.S. Court of Appeal’s approval of an independent examiner to investigate the FTX collapse, underlining the event’s significant impact on the broader cryptocurrency industry.

For a detailed understanding of these events, the full article can be accessed here.

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