Is Genesis the Next Domino To Fall?

Bitcoin fell to $15,600 on Monday evening as mainstream media outlets honed in on Genesis, the digital-assets brokerage arm of the Digital Currency Group conglomerate. Bloomberg is reporting that Genesis has been seeking $1 billion in emergency funding following the collapse of crypto exchange FTX. Wall Street Journal sources say the brokerage approached Binance and private equity giant Apollo Global Management for the cash and was rejected by the former. Santiago Velez, co-founder and R&D Division Lead at Block Digital, joins Ash Bennington for today’s Real Vision Crypto Daily Briefing to talk about Genesis's potential bankruptcy. Later, Santiago and Ash welcome Ian Andrews, the chief marketing officer at Chainalysis, and Drew Hill, general counsel at Valkyrie Investments, for a panel discussion on Genesis and a U.S. investigation into FTX and the major hole in its finances.

Learn more about your ad choices. Visit podcastchoices.com/adchoices