Krisztian Sandor

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.

Krisztian Sandor

Latest from Krisztian Sandor


Markets

Bankrupt Lender Celsius’ Token Surges on Twitter-Driven Short Squeeze

CEL has gained about 300% since Celsius filed for bankruptcy last month.

Celsius' CEL token surged as high as $1.63 Monday. (CoinDesk)

Markets

Nexo, Crypto Lender on Prowl for Ailing Rivals, Faces Declining Deposits

An analysis of crypto lender Nexo's attestations, including older data retrieved using the Wayback Machine, reveals just how much its deposits have declined in recent months.

Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)

Policy

Celsius Lays Out Mining-Focused Reorganization Plan at First Bankruptcy Hearing

The first day hearing revealed Celsius is betting big on its also-indebted mining operation to help fill the $1.2 billion hole in the company’s balance sheet.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 (CoinDesk)

Finance

Celsius Acknowledges $1.2B Hole in Balance Sheet

The news comes after the ailing crypto lender filed for bankruptcy protection Wednesday.

Celsius CEO Alex Mashinsky at Consensus 2019 (CoinDesk archives)

Markets

Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin

The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.

Circle (Sandali Handagama/ CoinDesk)

Markets

Wobble in stETH's Price Shows Fear Celsius Might Dump $435M Stake

The discount on stETH, a derivative of ether, surged as the crypto lender reclaimed and then transferred almost 10% of the total supply of the token.

A key market metric known as the "stETH discount" suggests market speculation that Celsius Network might dump a big stake. (Creative Commons, modified by CoinDesk)

Markets

L'oscillazione del prezzo di stETH mostra la paura che Celsius possa vendere una quota di 435 milioni di dollari

Lo sconto su stETH, un derivato dell'ether, è aumentato quando il prestatore Cripto ha recuperato e poi trasferito quasi il 10% dell'offerta totale del token.

A key market metric known as the "stETH discount" suggests market speculation that Celsius Network might dump a big stake. (Creative Commons, modified by CoinDesk)

Markets

La oscilación del precio de stETH muestra el temor de que Celsius pueda deshacerse de una participación de 435 millones de dólares

El descuento en stETH, un derivado del ether, aumentó cuando el prestamista de Cripto reclamó y luego transfirió casi el 10% del suministro total del token.

A key market metric known as the "stETH discount" suggests market speculation that Celsius Network might dump a big stake. (Creative Commons, modified by CoinDesk)

Markets

Celsius Pays Off Last DeFi Loan, Reclaims Nearly $200M of Wrapped Bitcoin From Compound

The troubled crypto lender previously paid off loans from Aave and Maker.

(Piaras Ó Mídheach/Web Summit via Sportsfile)

Markets

Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet

The liquidity-stricken crypto lender fully paid off its debt to the decentralized finance protocol, freeing $26 million in tokens as part of its latest debt restructuring maneuver.

Consensus 2019 Alex Mashinsky Founder and CEO Celsius Network (CoinDesk)