June 21 (Cointime) - Celsius Network, a bankrupt crypto lender, is set to sell $215 million worth of altcoins on July 1st, which could have a notable impact on the cryptocurrency market. The sale is part of a wider regulatory crackdown on crypto in the US, and will involve converting the altcoins to Bitcoin and Ethereum. The assets being sold include several significant cryptocurrencies such as Cardano, Chainlink, and Litecoin. While the impact on specific altcoins and the broader market remains uncertain, the event underscores the importance of robust regulatory frameworks and investor protection in the crypto ecosystem.