Crypto Market Still Winning + The End of Genesis?
Hello!
Cheers to another green week in the crypto market. We enjoyed substantial gains across the board, with Aptos and Axie Infinity tokens leading the pack. Our top 10 favorites also posted upward trends—does this mean the long crypto winter has finally ended?
In other news, ChatGPT just cleared US medical licensing exams—which is good news? Anyway, crypto giant Genesis filed for bankruptcy earlier this week; do we need any more bad news in this mini-bull market?
Here are the highlights of the week
- Bitcoin Surges Past $23K Before Retreating
- ChatGPT Clears US Medical Licensing Exam
- Crypto lender Genesis files for Chapter 11 bankruptcy
- Skybridge Capital Founder: The Time to Invest in Crypto Is Now
Bitcoin Surges Past $23K Before Retreating
Bitcoin continued its recent buoyancy over the weekend, rising over $23,000 at one point – BTC's first time above the threshold since early August – before retreating late Sunday. More details.
ChatGPT Clears US Medical Licensing Exam
Right from answering people’s queries to assisting them with daily tasks, this chatbot has made people’s lives easier. Now, the AI bot has just passed the US Medical Licensing Exam. Read more details.
Crypto lender Genesis files for Chapter 11 bankruptcy
FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,” which will pursue a “sale, capital raise, and/or an equitization transaction” and enable the business “to emerge under new ownership.” Continue reading.
Skybridge Capital Founder: The Time to Invest in Crypto Is Now
Bitcoin's price could be nearing its bottom point so the time to invest in it may be now, Anthony Scaramucci, founder of asset manager SkyBridge Capital, said Tuesday. Continue reading.
Other highlights worth mentioning
- FTX CEO says he is exploring rebooting the exchange - Cointelegraph
- New FTX Head Says Crypto Exchange Could Be Revived - Wall Street Journal
- Nexo agrees to $45M settlement with SEC and states over Earn product - Cointelegraph