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Contagion Fears Slam Digital Currency Group and Their Grayscale Bitcoin Trust (GBTC)

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As the overall cryptocurrency market looks to recover from the FTX fiasco that has affected almost the entire market, the contagion risk remains on everyone’s mind. The total crypto market capitalization has dropped to under $800 billion, and the fear that more companies will fall victim to the liquidity black hole created by the fall …

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Genesis Halts Withdrawals After ‘Unprecedented Market Turmoil’

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The latest firm to feel the effects of the implosion of FTX is Genesis. The lending arm of the crypto investment bank Genesis Global Trading announced the decision to halt withdrawals and pause new loan originations and redemptions. On 16 November, the institutional crypto lender explained that it would “temporarily suspend redemptions and new loan …

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