GENESIS SEEKS LICENSE TO SELL $1.6 BILLION TRUST ASSETS

GENESIS SEEKS LICENSE TO SELL $1.6 BILLION TRUST ASSETS

Genesis Global Capital, a cryptocurrency lender facing bankruptcy, has filed with the United States Bankruptcy Court for the Southern District of New York, seeking approval to sell approximately $1.6 billion in trust assets. . The move is part of the company's efforts to address financial challenges and resolve regulatory issues.
The assets in question are held by Genesis, a subsidiary of the Digital Currency Corporation, including significant holdings in Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust. GBTC shares alone are worth about $1.4 billion

According to a recent report by CoinGecko, Binance, the world's largest centralized exchange (CEX) by trading volume, retained its market leadership position in 2023.
Despite facing increased regulatory scrutiny and undergoing significant leadership changes, Binance maintains a 43.7% market share and sees spot trading volume increase. increase to $427.1 billion in December 2023, up 37.5% month-on-month.
Many people think that Binance will slowly fade away, but I think it will last a long time. At least after one more season so CIC guys can still play the million dollar Launchpool