First Mover Americas: Axie Infinity's Token Is Soaring

First Mover Americas: Axie Infinity’s Token Is Soaring


Crypto lender Genesis Global Capital’s first-day hearing in its Chapter 11 bankruptcy case will take place on Monday, according to court filings. Genesis’ trading arm, which remained out of Chapter 11, is still moving money around on exchanges – a sign the business is running at least somewhat as normal. About $125 million was sent to exchanges in the run-up to Genesis’ lending division filing for Chapter 11. A wallet controlled by Genesis’ over-the-counter  trading desk sent about $125 million of ETH, FTM and USDT to Coinbase (COIN), Binance, Bitstamp and Kraken on Thursday. CoinDesk and Genesis are both owned by Digital Currency Group.

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