Gemini Terminates Its Crypto Yield Product, Amping Up Battle With Genesis
The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange's nearly two-year-old Gemini Earn program.

The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange's nearly two-year-old Gemini Earn program.
Furthermore, the developing story has now led to the resignation of The Block CEO, Michael McCaffrey.
Bankruptcy may be inevitable if a bailout cannot be secured.
Genesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
Genesis was seeking an emergency loan of US$1 billion from investors before it suspended withdrawals on its website.
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
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