Odaily reports: Bitcoin News posted on X platform that the Celsius bankruptcy estate filed a lawsuit on September 12 in the U.S. District Court for the Southern District of New York against BitMEX-affiliated entities, alleging improper liquidation in March 2020. The complaint states that the relevant Bitcoin includes 1,325.8385 BTC lost by Celsius on March 12, as well as 5,034.3281 BTC received the following day from the fund JST Alpha 1. BitMEX plans to cease exchange operations on September 23.

1. The Fed raised interest rates by 25 basis points for the first time in three years;2. Celsius sues BitMEX over 2020 liquidation event, seeks to recover 6,360 BTC;3. Trump says U.S. interest rates should fall below 1%, urges the Fed to cut rates quickly;4. The U.S. House Financial Services Committee passed the American Reserve Modernization Act;5. The U.S. House Ways and Means Committee passed the Digital Asset Tax Certainty Act by a vote of 38 to 5;6. Paradigm founder: The Zcash developer fund is very important, and pure coin-weighted voting may be detrimental to building long-term trust;7. Worth approximately $13.55 million, a certain WLFI multisig wallet transferred a cumulative 248 million WLFI to Binance over the past month;8. Losing approximately $890,000 in 3 hours, a certain whale was liquidated after shorting 8,120 ZEC with 10x leverage;9. Bonk Guy: Over the past month, USELESS whale inflows totaled approximately $12 million.

Odaily News — The administrator of Celsius Network's bankruptcy estate has sued five BitMEX-related entities over forced liquidations during the March 2020 market crash, seeking to recover 6,360 BTC, currently worth approximately $495 million.Celsius claims it lost 1,325.84 BTC in a liquidation on March 12, 2020, and is also pursuing related claims assigned by investment fund JST, which lost 5,034.33 BTC the following day. The lawsuit alleges that BitMEX manipulated the market and improperly liquidated customer collateral through its platform's liquidation mechanism. The allegations have not yet been proven in court. (CoinDesk)

Odaily News: The Celsius bankruptcy estate filed a lawsuit on September 12 with the United States Bankruptcy Court for the Southern District of New York, alleging that BitMEX operating entities engaged in fraud, market manipulation, and improper liquidation during the March 2020 Bitcoin crash, causing it to lose 6,360 BTC, worth approximately $495 million at the price at the time of filing. The defendants include HDR Global Trading, ABS Global Trading, Shine Effort, 100x Holdings, and HDR Global Services.

Odaily Odaily News: The U.S. Attorney's Office for the Southern District of New York urged the court in a filing to reject Celsius former CEO Alex Mashinsky's motion to overturn his conviction and reduce his sentence, calling his legal arguments "meritless." Mashinsky was sentenced to 144 months in prison and fined $48 million in May 2025 on commodity fraud and securities fraud charges. He informed the court in May that he would represent himself, and the motion he submitted involved allegations related to FTX and former colleague Roni Cohen-Pavon. Prosecutors noted that Mashinsky failed to submit sworn declarations supporting the related allegations and requested the court dismiss the motion without a hearing. Cohen-Pavon, who provided "substantial assistance," has already served his full sentence.

Odaily Planet Daily News: Bitcoin News posted on X platform, stating that VanEck said 8 of its 12 Bitcoin capitulation signals are currently firing, and all 12 signals have entered the capitulation zone within the past three months. VanEck expects this Bitcoin pullback to be shallower than the 78% to 94% declines seen in previous bear markets, citing spot ETF demand, a broader institutional holder base, and the absence of major failures like Celsius, 3AC, and FTX. Bitcoin is currently down 49% from its peak.

OdailyOdaily News Bitcoin mining enterprise and AI infrastructure company Ionic Digital today made its direct listing debut on the Nasdaq under the ticker IOND. The stock opened at $50, with a reference price of $53, and surged over 25% during trading to nearly $63, implying a valuation of approximately $2.75 billion. Founded in January 2024, Ionic Digital acquired most of the mining assets from the bankruptcy restructuring of crypto lending platform Celsius Network, including mining machines, infrastructure, approximately $195 million in cash, and 540 BTC. Currently, Ionic Digital holds 2,861 BTC and is shifting more power capacity toward long-term AI lease agreements.

Odaily Bitcoin mining company Ionic Digital has announced that its registration statement has been declared effective by the U.S. Securities and Exchange Commission (SEC). The company expects to begin trading on the Nasdaq Global Select Market on July 28, 2026, under the ticker symbol "IOND."The listing will be conducted via a Direct Listing method, rather than a traditional Initial Public Offering (IPO). The company will not issue new shares nor raise capital through the listing. Instead, it will permit existing registered shareholders to directly sell their shares on the open market.Ionic Digital stated that this listing will provide a liquidity channel for its shareholders, including a significant number of investors who acquired company shares through the bankruptcy restructuring of the crypto lending platform Celsius Network. (Theenergymag)

Odaily Odaily reported that Celsius co-founders Shlomi Daniel Leon and Hanoch "Nuke" Goldstein have been ordered to pay over $6 million to the U.S. Federal Trade Commission (FTC) to settle charges that they misled customers about the platform’s security before its collapse. Goldstein, who served as Celsius’s Chief Technology Officer, must pay $2.014 million, according to an order signed by U.S. District Judge Denise Cote on Monday. Leon, the former Chief Strategy Officer of Celsius, is required to pay $4.1 million, per a separate order entered on June 29. The FTC stated that Celsius had claimed it held sufficient reserves to meet withdrawal demands, maintained $750 million in insurance to cover customer deposits, and did not issue unsecured loans. The FTC alleged these promises were false, and that executives continued to assure customers their deposits were safe just days before the company filed for bankruptcy. At its peak, Celsius held $25 billion in assets. When it filed for bankruptcy in July 2022, it owed users $4.7 billion. The orders also prohibit Leon from marketing or selling products or services that can be used to deposit, exchange, invest in, or withdraw assets, and bar Goldstein from marketing or selling retail products or services that can be used to trade cryptocurrencies.

Odaily News: U.S. Senator Cynthia Lummis has stated that the CLARITY Act will change how customer crypto assets are treated when a digital asset platform enters bankruptcy proceedings, ensuring that customer assets should continue to belong to the customers rather than being included in the company's bankruptcy estate. The bill requires regulated digital asset intermediaries to treat customer cash and digital assets as customer property, segregated from the company's own assets. It generally also prohibits brokers, dealers, and exchanges from using customer assets for their own benefit or for the benefit of others without authorization. The bankruptcies of Celsius and Voyager previously sparked disputes over the ownership of customer deposits. In January 2023, U.S. bankruptcy Judge Martin Glenn ruled that cryptocurrency deposited into Celsius Earn accounts became company property under the terms of use, affecting approximately 600,000 Earn accounts and roughly $42 billion in assets. Lummis stated that the CLARITY Act also aims to provide regulatory certainty for developers, enhance investor protection, and improve market integrity. The bill will clarify the respective responsibilities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in different areas of the crypto market. It has already passed the House of Representatives but has not yet passed the Senate.