Gemini Calls Description of $218 Million Genesis Withdrawal ‘Pure Fantasy’
Gemini described the withdrawal as an attempt to bulk up Gemini Earn’s liquidity reserves.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
FTX Bitcoin Bet Takes an Unexpected Turn as SWI Group Raises $900 Million
SWI Group has raised €800 million from institutional investors at a €6.1 billion valuation. The Singapore-incorporated, Amsterdam-...
FTX’s former Bitcoin mining bet gets new life as parent raises €800 million for AI
SWI Group has raised €800 million to expand AI infrastructure, advancing its plan to repurpose FTX-backed Bitcoin miner Genesis Di...
XRP Price Slid as Bitwise Drives $11 Million ETF Inflows
U.S. spot XRP ETFs drew $11.31 million in net inflows between October 5 and October 9, even as XRP fell from about $1.52 to $1.40...
Solana sandwich bots took $29.7 million before costs, mostly targeting Pump.fun
Sandwich bots extracted about $29.7 million before costs from Solana trades over an 11-month period, according to blockchain data...
Bitcoin companies are learning that holding forever takes cash
Metaplanet sold 10,000 BTC and bought back 11,000 at a higher average price to show it was willing to sell its Bitcoin. The Japane...
Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge
Standard Chartered has launched custody for Ripple's RLUSD stablecoin as it prepares to expand its use as collateral for instituti...