Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
Only the lending arm of Genesis has filed for bankruptcy while DCG still has $526M in debt owed to Genesis by May 2023
Liam 'Akiba' Wright 2 min read 
Crypto markets did not react to news of Genesis filing for Chapter 11 bankruptcy. However, contagion risk remains a threat.
Maker's PSM poll showed 50.85% of participants supporting keeping the GUSD debt ceiling at $500 million, while the rest supported its removal.
CEO John Ray stated that ‘everything is on the table’ and if there is a path forward, FTX will explore it.
KuCoin's user count surpassed 27 million, while the spot and futures markets' combined transaction volume surpassed $3.6 trillion.
Amber Group has delayed payment of bills to third-party vendors, while some are owed in arrears for up to six months.
Intu allows ownership to be distributed across multiple devices or wallets, which can be changed or revoked in the event of a compromise, according to the co-founder.
ConsenSys' CEO assured terminated employees that the firm would provide "generous packages" as they seek new employment.
The exchange said leaving Japan is part of its restructuring process that will help it weather the bear market.
