ALPHA:
Launches this week:
Camelot (Arbitrum)
Equalizer (Fantom)
MARKET:
Digital Currency Group, the parent company of Greyscale and Genesis, is in trouble. No bids for the $1b hole in Genesis lending.
Well thatโs the end of that. Now all my friends in restructuring will be asking if I know anyone at Genesis, I can connect them with.
$BTC = $10k ๐
NEWS:
Genesis is in trouble:
Genesis has hired Moelis & Co to explore options including a potential bankruptcy, three people familiar said.
The people, stressed that no final decisions had been made, and that it was still possible for the company to avert a bankruptcy filing.
SBF is a thief and a fraud:
JUST IN: Sam Bankman-Fried personally took $300M out of the $420M raised in FTX's 2021 funding round, WSJ reports.
It just gets weirder:
NEW: FTX and Alameda Research lost $3.7 billion before 2022. The huge loss is perplexing for two reasons: It contradicts the image SBF has portrayed of his companies, and it bucks the trend of a highly profitable 2021 for the cryptocurrency industry.
Worldโs largest publicly traded hedge fund readies a crypto hedge fund:
Man Group close to launching crypto hedge fund despite FTX collapse: Bloomberg
theblock.co/post/188445/maโฆ
Interesting:
More digital currencies:
REGULATORY:
Senators โprotectingโ Fidelity investors from buying $BTC:
Support Ethropy!
Canto validator for Four Moons - delegate $CANTO
Osmosis Validator for Four Moons - Delegate $OSMO
Ethropy Wallet - ethropy.eth
Buy a Ledger Hardware Wallet (Affiliate Link)
TradingView Referral - Get $30 off annual Subscription
None of this is financial advice