logo
Rewards Hub

Genesis Can’t Find Funding

november-22-daily-update

Main Takeaway: Genesis May Be The Next Domino To Fall

Crypto lender Genesis has been searching for money for a $1 billion dollar fundraising, however, there are currently no buyers, which has resulted in the company lowering this target to $500 million. If Genesis has to declare bankruptcy, it could spell more doom and gloom for crypto markets in the coming weeks.


For any inquiries contact us at support@phemex.com
Follow our official Twitter | Join our community on Telegram
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free
Sign Up and Claim 15000 USDT
Disclaimer
This content provided on this page is for informational purposes only and does not constitute investment advice, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. For further information, please refer to our Terms of Use and Risk Disclosure

Related articles

XRP Price Analysis: $1.45 After the SEC Commodity Ruling — Key Levels, MACD Divergence & What Comes Next

XRP Price Analysis: $1.45 After the SEC Commodity Ruling — Key Levels, MACD Divergence & What Comes Next

Market Insights
2026-03-20
5-10m
KAT Price Analysis: Katana Token Finds a Floor at $0.0095 After 48% Launch Crash — Here's What the 4H Chart Shows

KAT Price Analysis: Katana Token Finds a Floor at $0.0095 After 48% Launch Crash — Here's What the 4H Chart Shows

Market Insights
2026-03-20
5-10m
Monero Crypto Is Trending Again — Up 120% in 12 Months While Being Banned From Half of Europe

Monero Crypto Is Trending Again — Up 120% in 12 Months While Being Banned From Half of Europe

Market Insights
2026-03-20
5-10m
SEC and CFTC Just Classified 16 Crypto Assets as Commodities. Here Is What That Means for Traders

SEC and CFTC Just Classified 16 Crypto Assets as Commodities. Here Is What That Means for Traders

Market Insights
2026-03-19
10-15m
How Does the SEC Ruling Change Crypto ETFs, Staking, and Institutional Access?

How Does the SEC Ruling Change Crypto ETFs, Staking, and Institutional Access?

Market Insights
2026-03-19
5-10m
What Is a Digital Commodity? The 5-Category Crypto Taxonomy Explained

What Is a Digital Commodity? The 5-Category Crypto Taxonomy Explained

Market Insights
2026-03-19
10-15m