After FTX it looks like Genesis Trading, a Crypto brokerage firm is being hit with insolvency issues. Tomorrow morning a call has been scheduled with creditors where Genesis is expected to reveal its connection with Alameda Research and FTX. It is also speculated that the firm will dissolve GBTC and ETHE trust to pay their creditors.
Meanwhile, Autism Capital, a proof-of-stake infrastructure provider has claimed that it’s the Grayscale who controls GBTC and ETHE trusts not Genesis. Genesis Trading has reported that currently it has $175 million in locked funds in its FTX account. Hence, Digital Currency Group (DCG) which controls Genesis and Grayscale has given $140 million in equity to Genesis.
Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…
The next big Bitcoin trade is already here, and Bitcoin Pepe is the world’s first…
Nasdaq-listed GD Culture Group (GDC) has committed up to $300 million toward Bitcoin (BTC) and…
May 13, 2025 05:44:14 UTC Will Bitcoin Price Crash Again? As Bitcoin Treasury Companies emerge…
Story Highlights Solana Price Today is . Solana coin price could reach a potential high…
While Washington is warming up to crypto, New York City’s Mayor Eric Adams is already…
