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A weekend hunt for $1B in new funding has come up short for crypto brokerage Genesis as it seeks huge cash injection to stay afloat
Liam 'Akiba' Wright 2 min read 
Spotlighted investment vehicle Grayscale holds roughly $10B worth of Bitcoin after failure to produce proof of reserves.
The billionaire investor revealed that his crypto investments account for less than 2% of his assets.
Struggling institutional crypto platform Genesis may be causing parent company DCG a billion-dollar problem that it cannot solve possibly linked to 3AC
Upbots had stored part of its liquidity on FTX and tokens on Alameda; it announced plans to mitigate exposure to the companies' collapse.
A confidential document uncovered by the WSJ depicts Genesis' request for $1 billion loan to recoup liquidity as a result of FTX fallout.
Circle said despite $2.6 million outstanding in loans, its yield product is overcollateralized and secured by "robust collateral agreements."
An official Pantera Capital 'Blockchain Letter' addresses FTX impact on the firm and the importance of DeFi.
According to SBF, FTX US hasn't been affected by the recent events and continues to be liquid.
