Connect with us

Blockchain

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

Published

on

  • 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.

Continue Reading

Blockchain

Could BlockDAG Reach $1? Whales Move In as 2025’s Top Crypto Presale Breaks Records

Published

on

BlockDAG is fast becoming one of the standout stories in the crypto space this year. With more than $327 million raised, over 23.5 billion BDAG coins distributed, and an ecosystem already supported by a community of 2 million-plus mobile miners, BlockDAG is proving it’s more than just hype.

It’s now gaining recognition as a Layer 1 platform with actual momentum behind it. The major question many analysts are asking now: Can BDAG hit the $1 mark in the coming years?

With a presale entry price as low as $0.0016 available until the BlockDAG GLOBAL LAUNCH release on August 11, and signs of increasing activity from high-value wallets, BlockDAG’s rapid growth is drawing serious attention. If these early signals prove accurate, BlockDAG could be one of the top crypto presale that transition successfully into long-term market relevance.

Whale Wallets Are Moving, and It’s Creating a Buzz

One of the clearest signs of serious traction in a crypto project is when high-volume wallets begin to act, and that’s exactly what’s happening with BDAG.

Current on-chain data shows several wallets acquiring BDAG in amounts ranging from 7 to 8 figures, all through the limited-time $0.0016 pricing window before August 11. These aren’t casual buys. The scale suggests participation from large holders, potentially including institutional players and crypto whales, who are taking advantage of the pricing before the official launch value of $0.05 kicks in.

Such movements typically happen before major market shifts. These wallets appear to be aligning with the project’s upcoming roadmap, which includes community-run nodes and a full suite of decentralized apps with Ethereum Virtual Machine compatibility.

How BlockDAG Achieved a $327M Raise and Why It’s Significant

Unlike many projects that rely on funding from venture capital, BlockDAG has reached $327 million entirely through public participation. This sets it apart not just for 2025, but across crypto history, putting it ahead of even the most well-known presale successes:

  • Filecoin brought in $233 million in 2017
  • Polkadot raised $145 million
  • Ethereum’s launch in 2014 generated around $18 million

BlockDAG has already outpaced all of these, even before going live.

This level of funding shows two things:

  • Widespread belief in the long-term viability of the project
  • A strong financial base to support ecosystem development and growth

For those watching this closely, the implications are huge. BlockDAG is stepping into the open market not just with promises but with an active product base. This includes tools like the X1 Miner App, ASIC hardware integration, and a no-code smart contract creator already in use.

Could BDAG Really Hit $1? Here’s What the Numbers Say

Consider these examples: Kaspa crossed $4 billion market cap in 2023. Avalanche exceeded $15 billion during a bullish cycle. Even meme-based coins like PEPE reached multi-billion valuations despite lacking strong utility.

BlockDAG, in contrast, already delivers real substance. It operates a functioning testnet with active smart contract support and runs on a hybrid DAG and Proof-of-Work model capable of handling 15,000 transactions per second. Over 18,250 mining rigs have been sold, reflecting solid hardware demand. Its code is audited, certified, and ready for decentralized app deployment. The roadmap also includes a developer academy, a DeFi launchpad, and a cross-chain bridge, all designed to expand utility and ecosystem depth.

This isn’t about potential; it’s already a working Layer 1 platform. If even a modest share of its 2 million mobile miners begin using the mainnet, the $1 target shifts from speculation to a strategic milestone.

Right now, BlockDAG is offering a limited-time pricing option at $0.0016, even though Batch 29 is at $0.0276. With smart reward structures that encourage long-term holding, the project is building strong liquidity and a self-reinforcing price model as adoption grows.

Ecosystem Strength and Market Visibility Are Driving Growth

BlockDAG’s success isn’t just about the presale. Several key developments are boosting its visibility and utility:

  • 20 centralized exchange listings are confirmed
  • A 100 million BDAG airdrop tied to presale activity, referrals, testnet usage, and social engagement
  • A potential U.S.-based sponsorship to build mainstream awareness

This shows a focus on sustainable growth rather than flash marketing. When branding, liquidity, and user activity align, strong price movement often follows.

Real Utility Meets Real Demand: A Project with Purpose

BlockDAG is not just another promise in a whitepaper. With $327 million raised, strong early participation from large holders, and tools already being used by the public, it has the structure needed to rise fast as one of the top crypto presale projects.

BDAG may well become one of the few coins that bridges true utility with wide-scale community adoption. The push toward a top-50 market position may not be far off if growth continues.

Right now, the special $0.0016 window is still open until August 11. Once it closes, the next price shift may come not from another presale round, but from entry into the open market.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Continue Reading

Blockchain

Litecoin Retreats, Pi Coin Sinks After Listing Pushback, But Unstaked Races Forward with Real Utility and $5 Potential!

Published

on

Litecoin (LTC) is showing signs of fading momentum, with its price dropping under $90 and struggling to stay above $87.5. Market sentiment has clearly turned bearish, and traders are cautious. Meanwhile, Pi Coin has seen a steep decline, falling over 35% as confidence in its progress fades. With both showing weakness, attention is shifting to newer projects like Unstaked.

Unstaked’s $UNSD token does not rely on hope or hype. It is tied directly to actual usage. AI agents use $UNSD to run tasks on platforms like Telegram and Discord. Each action within the network uses tokens. This gives the token true demand. As more users join, the number of tasks increases. That means token usage scales naturally with activity. It’s a simple model with powerful logic, and that’s why experts predict a surge to $3-$5 in the long term. 

Litecoin Faces Downtrend with No Major Catalyst in Sight

Litecoin’s (LTC) recent slide below $90 has traders watching closely. The $87.5 level is now the key support zone. Trading volumes are low, and buyers aren’t showing strong interest. Price has stayed in a tight range since early June.

Technical indicators back the bearish outlook. RSI is falling. Short-term moving averages also show weakness. LTC is still used as a low-fee crypto, but its price hasn’t followed other top coins lately.

Without strong news or a major upgrade on the horizon, Litecoin looks stuck in neutral. For swing traders, it offers clear zones to enter and exit. But for those chasing long-term growth from active platforms, LTC lacks fresh drivers compared to newer utility-based projects.

Lack of Clear Roadmap Weighs Heavy on Pi Coin’s Price

Pi Coin’s decline continues after yet another delay in its expected mainnet launch and exchange listing. The team recently cited backend issues, pushing the timeline beyond mid-June 2025. This delay hit user confidence hard. Pi’s price in off-market trades dropped fast, falling from $44 to below $30.

On-chain metrics show limited activity. There is still no fixed date for listings on public exchanges. As the delays pile up, many early users are losing patience. Some are selling off OTC holdings, adding to the pressure.

App engagement is high, but without a working market, token value remains weak. If Pi Coin doesn’t secure a verified listing soon, it risks further downside. Right now, it looks more like a stalled beta project than a crypto ready for mass adoption.

Why AI Utility Sets Unstaked Apart Before Launch!

Unstaked’s $UNSD token is part of a working platform where each use case supports its value. Every AI agent launched in the system will need $UNSD to complete tasks. These range from managing chats to running campaigns. As usage increases, so does token movement.

This structure builds scarcity naturally. $UNSD is not held for speculation; it’s spent across activities in the network. More agents mean more actions, and that means more token use. That’s why many expect the price to reach $3 to $5, not as a guess but as an effect of real adoption.

Unstaked’s presale crypto 2025 is now in Stage 22, with each token priced at $0.01209. Over $10.6 million has been raised so far, and more than 1.2 billion tokens have been sold. No private sales were held. Liquidity will be locked, and the contracts are fully visible to the public.

Importantly, the AI agents will go live only after the presale ends and the project officially launches. This clear roadmap sets expectations right. Many see this as a chance to get in early before network activity picks up. With a utility-based model already in place, $UNSD stands out from projects still chasing hype.

Looking Ahead 

Litecoin is under pressure, with prices near $87.5 and no bullish signs ahead. Pi Coin’s crash to $26 has frustrated users as exchange delays stretch on. Both coins face uncertainty, and traders are cautious.

Unstaked, however, is building a network tied to real function. Its $0.01209 token is powering automated tools, and its model rewards actual use. As the launch nears and AI agents go live, demand for $UNSD is expected to rise. For those looking at 2025 prospects, Unstaked’s setup feels more grounded, a system where growth follows real work, not just sentiment.

Join Unstaked Now:

Presale: https://presale.unstaked.com/

Website: https://unstaked.com/

Telegram: https://t.me/UnstakedTokenOfficial

X: https://x.com/unstaked_token

Continue Reading

Blockchain

4 Best Crypto Projects Showdown: BlockDAG, LINK, ARB, TAO; Who Will Win The Battle

Published

on

With so many coins out there, it’s easy to feel lost when trying to pick the best crypto projects. Many people fall for hype, only to see little return. What really matters today is finding coins that reward effort, offer fair systems, and have growing use cases. BlockDAG, Chainlink (LINK), Arbitrum (ARB), and Bittensor (TAO) are gaining attention for these reasons. 

They give users chances to take part through tasks, staking, or technical work, instead of simply holding coins. Here, we break down how each of these projects delivers real value and why they deserve a closer look. Keep reading to see how these coins can offer smarter ways to join the crypto world.

1. BlockDAG: Noted For Impressive Growth Potential

BlockDAG is quickly standing out as one of the best crypto projects for those looking to stay active and earn rewards in more than one way. Its task-based airdrop system offers flexibility by letting users choose tasks that match their skills and interests.

Those with a technical background can engage in testing activities on the Beta Testnet and contribute to the development process. People who have a passion for sharing and building communities can invite others or help promote BlockDAG (BDAG) through various platforms.  

Even casual users who enjoy spending time on social media can take part by completing small tasks that come with rewards, making BlockDAG appealing to a wide range of participants. 

BlockDAG has already raised an impressive $326 million, with 23.4 billion coins sold, showing strong interest and support from the crypto community. There is a fixed price at $0.0016 until 11th August. 

BlockDAG’s combination of rewards and appealing presale prices positions BlockDAG as a strong contender among top cryptos for active participants who want more than just passive holding.

2. Chainlink: Delivers Value With Real World Data

With steady updates and wider use across chains, LINK offers long-term strength. It may not have task-based airdrops like BlockDAG, but it remains a trusted choice for real-world crypto use.

Chainlink is among the best crypto projects thanks to its long history of connecting smart contracts to real-world data. LINK helps power DeFi apps, games, and more through its oracle network and Proof of Reserve system. It lets users stake and help secure the network, earning rewards for their part.

3. Arbitrum: Trusted For DeFi App Growth

Arbitrum is considered one of the best crypto projects for those interested in helping Ethereum scale. It cuts fees and boosts transaction speed, which makes it popular with DeFi, NFT, and app builders.

ARB holders can vote on grants, help decide network updates, and take part in governance. DeFi apps on Arbitrum offer ARB-based rewards for liquidity and staking. Its long-term appeal lies in making Ethereum smoother while giving users a say in the future.

4. Bittensor: Drives AI Growth With TAO 

Bittensor is a unique entry on the list of the best crypto projects, especially for those excited by AI. TAO lets people join a shared AI network by training models. Contributors earn based on the value of their work, not just for holding coins.

TAO offers developers and researchers a new way to be rewarded for advancing AI, free of large central control. As AI demand grows in 2025, TAO’s blend of crypto and tech keeps gaining attention.

Final Thoughts

The best crypto projects aren’t about hype or fast profits. They focus on fair rewards for real effort. BlockDAG offers early and flexible ways to earn through tasks and smart presale offers. LINK helps secure the core of blockchain with its trusted oracle system.

ARB makes Ethereum more user-friendly while adding governance options. TAO lets users shape AI while earning fairly. Together, these coins show how effort-based rewards are defining the future of crypto.

Continue Reading

Trending