Bullet Points: • Gemini Earn customers may be facing up to a $485 million shortfall due to Genesis‘ bankruptcy filing. • Genesis claims to have fulfilled its debt to Gemini by using proceeds from the private sale of Grayscale Bitcoin Trust (GBTC) shares that had been collateralized. • Customers onContinue Reading
• FTT, the native token of bankrupt FTX exchange, has surged by over 48% in the past 24 hours. • Other tokens of bankrupt crypto lenders Voyager and Celsius have also posted gains in the past 24 hours. • Analysts within the crypto community are perplexed by FTT’s green run,Continue Reading
• US prosecutors have issued subpoenas to hedge funds that have interacted with Binance as part of an ongoing investigation into potential violations of US anti-money laundering laws by Binance. • John Ghose, a former Justice Department prosecutor specializing in crypto cases, believes Binance’s lack of know-your-customer (KYC) requirements forContinue Reading
• Exploring the Challenges and Opportunities of the Decentralized Finance (DeFi) Industry with Emile from XDEFI • The guest expresses concern about the risk of further collapses, citing the Genesis situation and the lack of confidence in DCG as potential issues. • Emile also emphasizes the importance of user experienceContinue Reading
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