Raoul Pal: The Journey Man
Genesis Mulls Bankruptcy, Celsius Ex-CEO Gets Sued
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Show notes
Genesis Global Trading, a key player in making the crypto markets tick, is laying off staff and reportedly contemplating filing for bankruptcy. On this Real Vision Crypto Daily Briefing, Ash Bennington is joined by Jim Bianco, president of Bianco Research, to assess the potential impact of the trouble at Genesis — including to its parent company, DCG. They also discuss the former Celsius Network CEO Alex Mashinsky being sued by the New York Attorney General for fraud, and crypto-friendly bank Silvergate Capital seeing its shares plummet amid a "crisis of confidence." Plus, Ash and Jim will cover the broader outlook for macro and crypto markets.
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