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PARAGRAPHBankrupt crypto lender Genesis filed a motion Friday asking a. If the motion is approved, the market could see yet U.
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The Crypto Report: Bitcoin and Ethereum slide with crypto exchange Genesis on the brinkThe motion filed by Genesis late on Friday seeks authority for Gemini to monetize the initial collateral of 30,, shares of Grayscale. Genesis wants to sell $ billion in Grayscale shares to repay creditors. Analysts predict the news could spark a drop in the price of Bitcoin. In January, Genesis Global Capital announced it would eliminate its crypto spot trading services �voluntarily and for business reasons�.
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