Popular crypto lender Celsius Network has hired Citigroup in “an advisor capacity” to offer possible solutions following the platform halting all withdrawals last Sunday. According to the source, Citi had previously advised Celsius on its IPO plans and its mining subsidiary's business.
Binance, Kraken, and Polygon are looking to accelerate hiring and bolster their ranks amid the wider market downturn. The news follows announcements from Crypto.com, BlockFi, and Coinbase, who disclosed they would be cutting roughly 5%, 20%, and 18% of their workforce respectively.
According to a report released by technology consulting company Capgemini on June 14th, 71% of high net worth individuals (HNWIs) have invested in digital assets. It polled 2,973 HNWIs from across the globe, with 54% reporting a wealth band ranging from $1 million to $30 million and 46% reporting wealth of $30 million and over.
Top stories in the Crypto Roundup today:
- Citigroup Advising Celsius Following Withdrawal Freeze
- Binance, Kraken and Polygon Accelerate Hiring
- Capgemini Survey Shows 71% of HNWI Invested in Digital Assets