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Are DCG and Genesis going bankrupt and causing another crypto crash like Terra Luna?

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  • Sources familiar with the matter said that Genesis has hired an investment bank to explore different options, including bankruptcy.
  • DCG chief Barry Silbert wrote to investors explaining the current situation and assured that they would come out stronger from the current crisis.

The contagion of the FTX collapse has spread to some of the biggest players in the crypto space such as the Digital Currency Group (DCG). On Tuesday, November 22, sources familiar with the matter told the New York Times that Genesis Global Capital has hired investment bank Moelis & Company to explore different options including bankruptcy.

The report adds that there aren’t any financial decisions made yet and that Genesis can still look to avoid bankruptcy. As per the previous reports, Genesis Global is looking to raise $1 billion in funds with a deadline of Wednesday. Another option proposed by industry experts is Reg M for Grayscale’s Trust.

In the FTX accounts, the derivatives unit of Genesis Global has more than $175 million locked. Thus, all eyes are now on the parent company Digital Currency Group (DCG), and whether it can help Genesis with its liquidity requirement. Some sources familiar with the matter also stated that Genesis has lowered the ask of fundraising to $500 million. In a note to investors on Tuesday, DCG founder and CEO Barry Silbert spoke about the current situation. He noted:

In recent days, there has been chatter about intercompany loans between Genesis Global Capital and DCG.  For those unaware, in the ordinary course of business, DCG has borrowed money from Genesis Global Capital in the same vein as hundreds of crypto investment firms.  These loans were always structured on an arm’s length basis and priced at prevailing market interest rates.

DCG will come out stronger from this Crypto winter

Barry Silbert further disclosed adding that DCG has a liability of $575 million to Genesis Global due May 2023. He added that DCG used this loan amount to fund different investment opportunities and repurchase the DCG stock from non-employee shareholders in the secondary market.

Furthermore, Silbert reminded investors that there’s a $1.1 billion promissory note due June 2023, that DCG owes Genesis related to the liabilities from the default of Three Arrows Capital. However, Silbert remains confident that DCG can come out stronger from the current mess. He noted:

DCG will continue to be a leading builder of the industry and we are committed to our long-term mission of accelerating the development of a better financial system. We have weathered previous crypto winters and while this one may feel more severe, collectively we will come out of it stronger.

Amid the current liquidity crunch and the mismatch in the loan book, Genesis Global leadership and their board decided to hire legal and financial advisors. The firm is exploring different possible options as of now. “Our goal is to resolve the current situation without the need for filing a bankruptcy,” a Genesis spokesman told the New York Times.

Der Beitrag Are DCG and Genesis going bankrupt and causing another crypto crash like Terra Luna? erschien zuerst auf Crypto News Flash.

Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

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PancakeSwap Expands to Monad Mainnet, Bringing Faster Trades & New Liquidity Options

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PancakeSwap has officially launched on the Monad Mainnet, unlocking access to its v2 and v3 liquidity pools, ultra-fast transaction finality, and significantly lower fees. The deployment connects one of Web3’s largest decentralized exchanges with a next-generation Layer-1 blockchain built for high-performance DeFi.

With sub-second block times, EVM compatibility, and a growing ecosystem backed by major investors, Monad aims to position itself as a core settlement layer for institutional-grade trading — and PancakeSwap’s arrival accelerates that mission.

What PancakeSwap’s Launch Means for Monad

Users can now swap tokens, provide liquidity, and execute advanced capital strategies directly on Monad’s Layer-1 network, benefiting from:

  • ~1-second finality
  • Low, predictable gas fees
  • Full EVM tooling compatibility
  • Unified access to both v2 and v3 liquidity mechanisms

Previously, Monad lacked a major DEX with deep liquidity. PancakeSwap changes that instantly by deploying its flagship pools on day one.

Monad Mainnet: A High-Performance DeFi Blockchain

Monad launched its mainnet alongside the MON token airdrop, aiming to create a scalable foundation for:

  • High-volume DeFi settlement
  • Stablecoin payments
  • Institutional trading flows

MON token supply: 100B
Circulating: ~10.8%

  • 7.5% public token sale via Coinbase Token Platform (at $0.025)
  • 3.3% airdropped at launch

Locked allocations (vested until 2029):

  • 27% Team
  • 19.7% Investors
  • 4% Labs Treasury
  • 38.5% Ecosystem development

Why PancakeSwap Chose Monad

PancakeSwap already operates across multiple EVM networks, but Monad’s design checked key boxes:

  • High throughput without sacrificing decentralization
  • Stable gas conditions even during peak activity
  • Faster confirmations benefiting concentrated liquidity strategies
  • A scalable validator base

Monad raised $225M since 2022 to build this infrastructure, positioning itself as a serious competitor to other high-performance chains.

How Liquidity Works on Monad: v2 vs v3

v2 — Simple, Always-Active Liquidity

  • Deposit a token pair once
  • Earn 0.25% fees from all trades
  • No price ranges, no adjustments needed
    Best for passive LPs.

v3 — Concentrated Liquidity for Higher Returns

  • Provide liquidity only within chosen price ranges
  • Fee tiers as low as 0.01%
  • Higher capital efficiency if actively managed
    Best for advanced or automated LPs.

PancakeSwap offering both models gives users complete flexibility.

What Traders Gain

Trading on Monad via PancakeSwap delivers:

  • Ultra-fast execution
  • Better price routing using the Universal Router
  • Lower slippage from efficient liquidity
  • Low, consistent gas fees
  • Fewer failed transactions during volatility

Assets can be bridged easily through Monad’s official bridge, similar to other EVM networks.

The Role of MON in the Ecosystem

MON powers:

  • Validator participation
  • Governance
  • Incentives and grants
  • Ecosystem development (38.5B tokens allocated)

Coinbase’s sale generated $269M from more than 85,000 participants — signaling major demand.

Why This Deployment Strengthens Monad DeFi

Adding PancakeSwap at launch gives Monad:

  • A trusted liquidity hub
  • Deeper markets for new apps
  • More stable stablecoin and asset flows
  • Better conditions for future DeFi protocols

Historically, networks like Base and zkSync saw rapid adoption after major DEX deployments. Monad aims to follow that trajectory.

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Pieverse: How a Failing TimeFi Experiment Transformed Into a Compliance Powerhouse

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A pivot from novelty to necessity marks Pieverse’s most important evolution yet

Pieverse has undergone one of the most dramatic pivots in the Web3 sector—shifting from an abandoned TimeFi concept into a compliance-driven payments protocol that enterprises can actually trust. The transformation began when the team reframed “time” not as a tradable asset, but as a verifiable financial record, unlocking a completely different category: legally meaningful blockchain receipts.

This shift led to the creation of x402b, a protocol designed not for speed or speculation, but for audit-ready, intent-rich, legally interpretable payments—something traditional enterprises have been waiting for but Web3 had not meaningfully delivered.

From TimeFi Failure to Enterprise Compliance Infrastructure

In its earliest phase, Pieverse was built on the idea that users would trade moments of each other’s time. The market never materialized. Trust issues, inconsistent quality, and lack of repeatable demand exposed the fundamental flaw: TimeFi was not scalable.

The breakthrough came only when the team stopped trying to salvage the experiment and asked a different question: What remains valuable?
The answer was timestamps. Not as digital collectibles, but as compliance primitives.

This insight redefined Pieverse’s purpose. Instead of focusing on consumer micro-interactions, it shifted toward enterprise-grade verification—positioning itself at the intersection of blockchain payments, compliance, and structured financial metadata.

x402b: Turning Blockchain Transactions Into Legal, Auditable Records

Although x402b is often described as an “AI-ready payments upgrade,” the protocol’s true purpose is much deeper.

Today’s blockchain transactions move value, but they don’t explain themselves—lacking context, intent, receipts, or immutable audit trails. Enterprises can’t adopt systems that fail basic accounting needs.

x402b changes that. It provides:

  • Gasless authorized payments
  • Intent-linked metadata baked into the transaction
  • Instant structured receipts
  • Decentralized storage for tamper-proof documentation
  • Legally interpretable timestamps

With this, a blockchain transfer becomes a complete financial record—viewable, auditable, and usable for compliance reviews.

Backers Saw Momentum—But Also the Risks

Investors like Animoca Brands, UOB Ventures, and CMS Holdings validated Pieverse’s potential and placed it under the industry spotlight. But the attention also magnified the platform’s weaknesses:

  • A broken website during launch
  • Branding confusion with Pixverse and IPVERSE
  • Volatile token behavior that overshadowed the protocol’s real value

These missteps weakened early market perception, especially for a compliance-focused project where credibility is everything.

Real Adoption Will Decide the Protocol’s Future

Pieverse’s strongest proof points so far include:

  • DeAgentAI, showing autonomous AI agents can execute payments and produce valid receipts
  • RaveDAO, demonstrating structured receipts for high-volume ticketing operations

These are promising, but not enough. To become real infrastructure, Pieverse must:

  • Simplify x402b integrations
  • Expand pieUSD beyond internal use
  • Repair branding and documentation
  • Demonstrate real enterprise-grade usage
  • Prove its receipts stand inside actual audit and dispute workflows

Pieverse’s future depends not on narrative, but on the first large groups of enterprises and AI agents that rely on its receipts—and return because they work.

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$1.8B in Token Unlocks Set to Hit the Market in December 2025

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A massive wave of token unlocks—worth more than $1.8 billion—is set to flood the market this December, making it one of the most supply-heavy months of 2025. Major ecosystems including Sui, Aster, LayerZero, Aptos, Arbitrum, and EigenLayer are preparing for scheduled releases that could influence liquidity, sentiment, and short-term volatility across the crypto landscape.

Sui and Aster Dominate Early December

The month kicks off with two of the largest unlocks:

  • Sui (SUI): $86.86M unlocking on December 1 (1.51% of circulating supply)
  • Aster (ASTER): $86.84M unlocking on December 17 (3.89% of supply)

These high-value, high-ratio unlocks position both assets at the top of traders’ watchlists, given the potential short-term supply pressure.

LayerZero, Pump.fun, and Aptos Bring Mid-Month Volatility

Mid-December sees momentum carry into other ecosystems:

  • LayerZero (ZRO): $33.7M unlock on December 20 (over 10% of market cap — one of the highest monthly ratios)
  • Pump.fun: $31.2M unlock on December 14
  • Aptos (APT): $25.2M unlock on December 12

While smaller in dollar terms, the percentage impact on circulating supply could trigger sharp price swings.

EigenLayer, Arbitrum, Ethena, and STBL Add to Supply Pressure

Several major protocols add additional weight to December’s unlock calendar:

  • EigenCloud (EigenLayer ecosystem): $23.5M unlock on December 1 (8.3% of supply)
  • Arbitrum (ARB): $20.63M on December 16
  • Ethena (ENA): $27.66M on December 2
  • STBL: $20.40M on December 16

These unlocks stretch across both established ecosystems and fast-growing DeFi sectors.

Yooldo Esports Ends the Month

Closing out the cycle:

  • Yooldo Esports (ESPORTS): $19.44M unlock on December 19 (4.66% of market cap)

Though smaller than early-month giants, its supply ratio makes it surprisingly impactful.

December: One of the Most Important Supply Months of 2025

With 10 major protocols releasing large token batches within the same 30-day window, December is shaping up to be a defining month for supply-driven market movements. Such concentrated unlock activity often affects liquidity, sentiment, and short-term pricing — especially during uncertain macro conditions.

The market’s response to these releases will likely influence early-2026 trends across multiple ecosystems.

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