Celsius Short Squeeze

The Celsius Network is still halted and short sellers still couldn't win. This Wednesday edition of ATW features Treehouse, an up-and-coming project that has taken the analytics world by storm.

June 22, 2022

Treehouse bases themselves off one foundational principle: financial inclusion. They use this principle to develop useful applications for everyday crypto users. Companies and institutions have a tough time getting data off the blockchain and tracking prices and P&L.

How does Treehouse help?

Harvest is Treehouse’s cutting edge portfolio analytics tracking application. The platform breaks down users’ DeFi positions to analyze risk, historical data, and profit & loss. Harvest analyzes transactions and blockchains to make data meaningful for the everyday DeFi investor. Harvest offers users tracking on almost 100 different protocols including applications on:

  • Ethereum

  • BNB Chain

  • Avalanche

Treehouse has drawn in the pockets of many investors raising a $18 million seed round in March. They plan on scaling current applications for better user experience and hiring top notch industry talent.

It seems that Treehouse has already positioned itself for the future of crypto as it continues to help out all users. Be sure to follow their Twitter for technical commentary on cryptocurrency and Learn DeFi, a compendium of guides to kickstart your Web3 journey.

Celsius Short Squeeze?

Celsius Network has continues to search for liquidity options as withdraws are still halted. Although, its token is a different story. An apparent short squeeze drove the price upward to levels many weren't expecting.

To begin the week, Celsius exploded higher rising over 100% from .$60 to $1.60.

This was no comparison to June 13 and 14 when the token rose over 2,700%. Making lows at $.09 then steadily creeping up and launching to a high of $2.65. It's tough to tell where prices will go next, but it seems anything is possible in this market.

Cloudflare Issue

Early Tuesday morning an outage at Cloud Flare caused troubles for many exchanges and websites. On several large cryptocurrency exchanges users were having connectivity issues for several hours. BitMex, BitFinex, and FTX were some of the exchanges effected.

Some large exchanges such as Binance remained operational during the outage but it seemed more than just exchanges were effected. Many large sites around the internet we're having troubles.

This brings in the question: how much do we rely on centralized services, like Cloudflare, for our technologies?