Watch: Is Genesis the Next Domino to Fall? (youtube.com)
The price of Bitcoin fell to $15,600 on Monday evening as mainstream media honed in on the fate of Genesis, digital-assets brokerage and part of the Digital Currency Group crypto conglomerate. Bloomberg says Genesis has been seeking $1 billion in emergency funding, following the collapse of crypto exchange FTX. The Wall Street Journal says the brokerage approached another crypto exchange Binance and private equity giant Apollo Global Management for the cash, but was rejected by Binance. Santiago Velez, co-founder and R&D Division Lead at Block Digital joins Ash Bennington for this edition of Real Vision Crypto Daily Briefing to discuss the implications of Genesis' potential bankruptcy. They welcome Ian Andrews, chief marketing officer at Chainalysis, and Drew Hill, General Counsel at Valkyrie Investments, for a panel on the fate of Genesis, a U.S. investigation into FTX and the hole in the exchange's finances.

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