Blockchain
Are DCG and Genesis going bankrupt and causing another crypto crash like Terra Luna?
- 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.
Blockchain
Animoca Brands Partners with Rayls to Accelerate Tokenized Real-World Assets Adoption
Animoca Brands has entered a strategic partnership with blockchain infrastructure provider Rayls, setting the stage for a major expansion in the tokenization of real-world assets (RWAs). The collaboration aims to connect traditional finance with decentralized finance (DeFi) by leveraging institutional-grade settlement, privacy tools, and cross-chain infrastructure.
Building a Scalable RWA Tokenization Pipeline
Through this agreement, Animoca Brands will identify suitable asset classes and issuers that can be tokenized using Rayls’ infrastructure. The company will also help shape the economic, technical, and privacy frameworks required for compliant real-world asset tokenization.
Rayls, in turn, will supply settlement infrastructure, private transaction rails, and multi-chain bridge technology. This ensures that tokenized RWAs can move securely and efficiently across blockchain networks.
A key component of the partnership is NUVA, a chain-agnostic vault marketplace that will distribute Rayls-tokenized assets. NUVA’s platform is designed to boost liquidity and investor engagement by offering streamlined access to yield-enhancing, compliant RWA products.
Driving Institutional Adoption of On-Chain Assets
Rayls co-founder and Parfin CEO Marcos Viriato said the partnership aims to accelerate institutional adoption of tokenized financial products. With the support of Animoca Brands’ global ecosystem, the collaboration seeks to onboard traditional finance players while enhancing transparency and reliability in crypto markets.
Animoca Brands Group President Evan Auyang highlighted that combining Rayls’ settlement infrastructure with Animoca’s network and NUVA’s vault tech could unlock tokenization opportunities worth trillions of dollars in real-world assets.
This partnership reflects an industry-wide shift toward institutional-grade DeFi—where traditional assets like credit, treasury instruments, commodities, and private market products become tokenized and available on secure, programmable blockchains.
Broader Animoca Momentum
Beyond RWAs, Animoca Brands recently partnered with Chess.com to integrate the $CHECK token as the native utility asset for its gaming ecosystem, reinforcing the company’s multi-sector Web3 expansion strategy.
Blockchain
Swiss and German Authorities Dismantle Billion-Euro Bitcoin Mixing Platform Cryptomixer.io
Swiss and German authorities have jointly shut down Cryptomixer.io, a major Bitcoin mixing service long associated with cybercrime and money laundering. The coordinated operation, executed on Wednesday and announced Dec. 1, resulted in the seizure of servers, over 12 terabytes of data, and more than €25 million (≈$29M) in Bitcoin.
A Major International Takedown
According to German federal investigators (BKA), the operation was carried out with regional prosecutors in Frankfurt and law enforcement in Zurich. Cryptomixer.io, active since 2016, reportedly processed billions of euros tied to criminal activity.
Crypto mixing platforms function by breaking large cryptocurrency transfers into smaller parts and blending them with unrelated transactions, making it extremely difficult to trace funds. For years, this technique has been widely used in ransomware operations, darknet market payments, and cross-border money laundering.
Authorities seized the platform’s servers in Switzerland and took control of the cryptomixer.io domain. The data haul — more than 12TB — is expected to fuel ongoing investigations into global cybercrime networks.
Why This Crackdown Matters
Europol confirmed its involvement and described Cryptomixer.io as a key infrastructure provider for ransomware gangs and organized cybercriminal groups. The service was accessible both on the regular web and the dark web, making it a widely used laundering route for illicit Bitcoin.
The takedown marks another step in Europe’s tightening stance against crypto-enabled crime. It also demonstrates increasing cross-border coordination between Swiss, German, EU, and U.S. agencies to dismantle the supporting infrastructure behind digital financial crimes.
With Cryptomixer.io offline, investigators expect ripple effects across cybercrime operations that depended heavily on mixing services to hide funds.
Blockchain
Grok Predicts Blazpay Could Lead New Crypto Coins While Avalanche Holds Steady in 2025
The search for new crypto coins with high upside potential in 2025 has intensified, as investors look for early-stage opportunities that offer both utility and growth. Crypto presales have become a focal point for traders aiming to capture exponential gains before mainstream adoption. Among these, Blazpay has emerged as a leading project due to its Phase 4 presale momentum, multichain integration, and SDK-driven utilities. At the same time, Avalanche (AVAX) continues to provide a high-performance, stable blockchain network, favored by developers and DeFi users.
Investors are now comparing presale projects like Blazpay against established networks such as Avalanche to evaluate risk, reward, and utility. With clear presale metrics and a strong technological foundation, Blazpay represents one of the most promising presale crypto opportunities in 2025, while AVAX provides steady exposure to a mature ecosystem.
Blazpay Overview – Phase 4 Presale Progress
Blazpay’s Phase 4 presale is moving rapidly, with 82.4% of all tokens already sold and over $1.64 million raised, marking one of the strongest early showings among current crypto presales. Investors are securing BLAZ at the exclusive Phase 4 price of $0.01175, ahead of the automatic increase to $0.0146875 once the phase closes. With the countdown ticking and demand surging, Phase 4 has become a key entry point for those seeking new crypto coins with utility-backed growth.
What sets Blazpay apart at this stage is its developer-focused infrastructure, including an advanced AI-integrated SDK that allows builders to create multichain applications, payment systems, automated trading tools, reward layers, and analytics dashboards. Combined with its AI-powered perpetual trading engine, Blazpay enables developers, fintech creators, gaming studios, and enterprise platforms to tap into real-time multichain execution and seamless user experiences.
As Phase 4 progresses, the combination of multichain interoperability, SDK utility, and enterprise-grade features positions Blazpay as one of the top presale cryptocurrency projects to watch. With the price set to rise from $0.01175 to $0.0146875, this phase offers one of the final discounted windows before higher valuation tiers, reinforcing Blazpay’s reputation as one of the most promising upcoming new crypto coins heading into 2025.

$3,000 Investment Scenario
A $3,000 investment at $0.01175 per BLAZ token would result in approximately 255,319 tokens. Based on projected post-launch prices, this investment could grow substantially, highlighting Blazpay’s strong ROI potential. This combination of early entry, multichain capabilities, and developer-friendly SDK utilities positions Blazpay as one of the best crypto presales for investors seeking high returns in emerging blockchain projects.
Referral Rewards – Boosting Early Adoption
Blazpay incentivizes growth through its referral program, rewarding users instantly in USD-equivalent bonuses when friends join the presale. Multi-level bonuses amplify total earnings while increasing presale token demand and community engagement. This simple yet effective mechanism strengthens network effects, enhances token liquidity, and drives wider adoption of Blazpay in the 2025 presale cycle.
How to Buy Blazpay
- Visit the official Blazpay website
- Connect your wallet (MetaMask, WalletConnect, etc.).
- Select the crypto to pay with (ETH, USDT, BNB, or supported token).
- Confirm purchase and receive BLAZ tokens instantly in your wallet.

Avalanche (AVAX) Overview
Avalanche is a layer-1 blockchain network recognized for its high throughput, subnet ecosystem, and strong DeFi adoption. Its scalable infrastructure supports decentralized applications and active developer engagement through subnets and modular design. While Avalanche maintains a solid market position and reliability, it is often considered alongside emerging new crypto coins that offer higher growth potential, making it a valuable option for investors balancing stability with exposure to innovative blockchain projects.
While Blazpay leverages presale dynamics for early-stage growth, AVAX offers steady returns via adoption, liquidity, and network utility, making it an attractive component in a diversified crypto portfolio.
Blazpay And Avalanche – Utility & Growth Potential
Blazpay’s perpetual trading and SDK utilities allow developers and users to build and interact with applications seamlessly across multiple chains. The multichain layer reduces friction for transfers and token management, increasing adoption and network activity. These features create strong potential for short-term price appreciation, highlighting why Blazpay is regarded as one of the most promising new crypto coins in presales.
Avalanche, on the other hand, is an established network providing high liquidity, smart contract efficiency, and subnet scalability. While its price appreciation potential is moderate compared to presale coins, AVAX offers lower risk and predictable network utility.
For investors, combining Blazpay’s early-stage growth opportunity with AVAX’s stability can balance risk while capturing exposure to both high-upside presale crypto and a mature blockchain network.
Final Verdict
Blazpay and Avalanche represent complementary investment opportunities for 2025.
Blazpay offers early-phase presale exposure with strong SDK integration, perpetual trading, and multichain capabilities. Its projected ROI demonstrates why it is one of the most promising new crypto coins for early investors. Avalanche provides stability, liquidity, and a mature ecosystem, making it suitable for longer-term holding.
Investors can achieve a balanced approach by combining presale crypto participation with established blockchain networks, capturing high-growth potential while maintaining portfolio stability.

Join the Blazpay Community
Website: www.blazpay.com
Twitter: @blazpaylabs
Telegram: t.me/blazpay
FAQs
Q1: Why invest in Blazpay over Avalanche?
Blazpay offers early presale entry, multichain access, and SDK-powered utilities, while Avalanche is an established but lower-growth network.
Q2: How much can I earn with a $3,000 investment in Blazpay?
At $0.01175 per token, $3,000 buys ~255,319 BLAZ, with potential ROI depending on future market prices.
Q3: Where can I buy Blazpay tokens?
Directly through the official Blazpay website using ETH, USDT, BNB, or other supported cryptos.
Q4: What are Blazpay’s key utilities?
Perpetual trading and SDK integration enable cross-chain application development and seamless user interaction.
Q5: Should I invest in both Blazpay and AVAX?
Yes, combining a presale coin with an established blockchain balances risk and reward, giving exposure to growth potential and stability.
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