Genesis Suspending Client Withdrawals for Lending Arm Citing 'FTX Impact'

"duration mismatch"

 

I cant wait for that to happen. All those crypto castles that were built in the sky....are coming down

 

Eventually, the backwards US may someday catch up to Canada and implement the proof of reserves. Maybe someday they'll finally have a spot-ETF too (and finally embrace the metric system with the rest of the modern world). But as I mentioned earlier, those proofs are not idiot proof. Someone will still find a way to manipulate data.

 

I make a bold prediction. By the end of the year, we will no longer see Grayscale ETF ads on CNBC.

 

Too bad. We wouldn't know who are those foolish gullible investors.

 

It looks rather scary;
even big investors could be foolish and gullible.