Embattled cryptocurrency lender Celsius Network has fully repaid a loan with decentralized finance protocol Maker, allowing it to reclaim $440 million that had been posted as collateral for it. The funds were later sent to crypto exchange FTX.
The U.S. Treasury Department has published a fact sheet outlining how it could work with foreign regulators to address the cryptocurrency sector. The fact sheet states that the framework is “intended to ensure” that “America’s core democratic values are respected.”
Social media giant Reddit has partnered with Polygon to launch a range of blockchain-based non-fungible token (NFT) avatars that can be set as profile pictures on the platform. These NFTs differ from existing Reddit avatars as they will give purchasers licensing rights to use them both on and off Reddit.
Top stories in the Crypto Roundup today:
- Celsius Network Reclaims $440 Million After Repaying DeFi Loan
- U.S. Treasury Develops International Crypto Regulation Framework
- Reddit Launches Polygon-Based NFT Avatars
- Crypto Market Movers – AAVE, LPT, MATIC