Genesis Cuts Staff by 30% as Financial Woes From FTX Fallout Persist
Crypto lending firm Genesis is laying off staff in an effort to reduce costs and stabilize its troubled financial situation.
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
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...
Ripple Lands 3rd Korea Deal, Jeonbuk Bank Brings 24/7 Crypto Payments to Firms
Key Takeaways: Jeonbuk Bank is the first regional bank in Korea to use Ripple Payments. The service allows cross-border settlement...
Galaxy reports $11B decline in crypto-collateralized lending in Q2 2026
The decline in crypto-collateralized lending suggests a cautious market recalibration, potentially stabilizing the sector and fost...
Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot
The Shanghai-based InsurTech firm closed a $154.7 million private placement funded entirely in crypto, with investors contributing...
This Solana treasury company may sell SOL as a DeFi loan ties up more than half its treasury
SOL Strategies may sell part of its Solana treasury to meet obligations, as much of its holdings remain pledged against debt. Acco...
Visa Seeks New Stablecoin Settlement Partner After Mastercard Buys Payments Firm BVNK
Visa is taking bids for a new stablecoin settlement partner after Mastercard bought the firm that had been filling the role, accor...