dcg

CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options Including Bankruptcy: New York Times
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)

GBTC has reached a record discount of 42.69% relative to the price of bitcoin (Ycharts)
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.
GBTC has reached a record discount of 42.69% relative to the price of bitcoin (Ycharts)

(treety/Getty Images, modified by CoinDesk)
Is DCG in Danger Now, Too?
Its Genesis Global Capital subsidiary stopped withdrawals earlier this week.
(treety/Getty Images, modified by CoinDesk)

B2C2 offers to purchase loans from Genesis (Genesis Trading, Modified by CoinDesk)
Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit
The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.
B2C2 offers to purchase loans from Genesis (Genesis Trading, Modified by CoinDesk)

CDCROP: Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)
Grayscale Declares 'Business as Usual' Despite Sister Company Genesis Global Capital Suspending Withdrawals
Grayscale said that "Genesis Global Capital is not a counterparty or service provider for any Grayscale product."
CDCROP: Grayscale's Michael Sonnenshein speaks at Invest: NYC 2019 (CoinDesk)

CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
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.
CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)

CDCROP: Barry Silbert. CEO & Founder Digital Currency Group (DCG)
Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis
Genesis reported earlier that its derivatives business has about $175 million in locked funds in its FTX trading account.
CDCROP: Barry Silbert. CEO & Founder Digital Currency Group (DCG)

CDCROP: Barry Silbert. CEO & Founder Digital Currency Group (DCG)
Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report
Around 10 employees left the Connecticut-based firm, bringing its headcount to 66.
CDCROP: Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Amy Wu
FTX Ventures, DCG Back $9.6M Funding for Decentralized Database Solution Kwil
The community-owned platform could make it easier for Web2 developers to move into Web3.
Amy Wu

The Odsy Network and dWallet Labs team (dWallet)
Digital Currency Group and Node Capital Lead $5M Fundraise for Blockchain Security Firm dWallet Labs
The investment will help build projects on Odsy Network, a new layer 1 blockchain focused on decentralized wallet access.
The Odsy Network and dWallet Labs team (dWallet)