Genesis

Genesis Trading's $126M ETH moves amid price struggles. Ethereum fights to hold $3,100 support, facing bearish pressures.

Genesis Global has obtained court approval to return about $3 billion in cash and cryptocurrencies to customers, resolving disputes with significant recoveries for creditors and Gemini Earn program participants.

Genesis sells 36 million shares in Grayscale Bitcoin Trust to bolster Bitcoin holdings for debt settlements. Shares sold at $58.50 each, yielding $2.1 billion. Acquires 32,041 Bitcoin at $65,685 each. Coinbase assures market stability. Genesis maneuvers follow Chapter 11 bankruptcy filing in January 2023.

Federal court denies Gemini and Genesis' motion to dismiss SEC case over Gemini Earn program, finding it offered securities under Howey and Reves tests.

Digital Currency Group disputes Genesis' settlement with NYAG over fraud charges, arguing it unfairly prioritizes certain creditors, challenging legal and regulatory norms in the crypto industry.

Discover the Winklevoss twins' journey from courtroom clashes to billion-dollar success in the dynamic realm of cryptocurrencies. Their resilience and vision continue to shape the future of finance.

Genesis seeks court approval to liquidate $1.6 billion in Grayscale Trust assets amidst bankruptcy, aiming to mitigate risks and maximize creditor returns amid market volatility.