Discover and read the best of Twitter Threads about #3acs
Most recents (1)
🚨.@GenesisTrading laid off 30% of its employees and is "considering" filing for bankruptcy according to @WSJ.
wsj.com/amp/articles/c…
1. How did genesis end up here?
2. How does this gonna affect the market and why should you care?
A explain thread.
👇
wsj.com/amp/articles/c…
1. How did genesis end up here?
2. How does this gonna affect the market and why should you care?
A explain thread.
👇
Now, Who is #Genesis?
Genesis "was" a leading CeFi platform that provides mainly lending services for institutions.
A lending platform usually borrows money from one side and lends the borrowed money to the other side to profit from the interest gap.
That's what CeFi does.
Genesis "was" a leading CeFi platform that provides mainly lending services for institutions.
A lending platform usually borrows money from one side and lends the borrowed money to the other side to profit from the interest gap.
That's what CeFi does.
But #Genesis is not independent, it is under the control of @DCGco and @BarrySilbert.
#GrayScale is also part of the group.
That's why you see @cameron battling Barry on CT with an open letter.
#GrayScale is also part of the group.
That's why you see @cameron battling Barry on CT with an open letter.
