mike (@mumu27978295) • Hey
adi
Publications
- Genesis Sells Grayscale Shares, Buys $ 2.17 Billion in Bitcoin for Customer Reimbursement
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele.
Genesis Liquidates Grayscale GBTC Holdings
According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately 36 million GBTC shares. The company sought Chapter 11 bankruptcy protection in January 2023, following adverse impacts from the downfall of key players in the cryptocurrency market in 2022, including the collapse of FTX and Three Arrows Capital (3AC).
In February 2024, Judge Sean Lane sanctioned Genesis’s plea to dispose of its holdings in Grayscale funds. Beyond the GBTC shares, Genesis’s portfolio included stakes in Grayscale’s Ethereum Classic Trust. Jonathan Randles of Bloomberg reports that the proceeds from the sale, amounting to 32,041 BTC, are earmarked for reimbursing customers.
As of Saturday, April 6, the value of the acquired BTC stands at $ 2.17 billion, based on the latest bitcoin exchange rates. Grayscale’s GBTC has significantly reduced its bitcoin holdings, from 617,079.99 BTC on Jan. 12, 2024, to currently possessing 325,686.78 BTC, valued at $ 21.9 billion. This indicates that within a span of 85 days, GBTC’s bitcoin reserves have decreased by 291,393.21 BTC, equivalent to $ 19.7 billion.
- BLOCKCHAIN, POETRY AND MAGIC
I’ve got a new podcast for you today. This time I am speaking to Anna Maria Caballero: a writer and poet who since a few years have consistently minted her literary art and one of her works was recently been auctioned by Sotheby’s.
In this episode we spoke about:
- Anna's journey
- how she navigates the web3 space
- balancing between creating art and promoting art
- relationships between artists and collectors
- pricing your NFT art
- competition
- the role of traditional galleries in the web3 space
- Anna’s auction at Sotheby’s
- the importance of IRL events and engaging with online communities
SUBSCRIBE to the NFT Rebels podcast
Spotify: https://open.spotify.com/show/11yfWjd5PCygHxKluHP8gi
Apple podcasts: https://podcasts.apple.com/gb/podcast/nft-rebels/id1567037052
Live streamed on:
Twitter at: https://twitter.com/NFTrebels
LinkedIn at: https://www.linkedin.com/in/anialexander/
Newsletter: https://www.getrevue.co/profile/nftrebels
Website: https://www.anialexander.com
Follow and #LMCC if you'd like to get more #NFTrebels content.
- The first two pieces minted to the *SOJU EDITIONS* collection on Ethereum
I've done a lot of collabs, competitions, and contributed werk to a lot of collections over the last year! This collection on Ethereum marks the beginning of my own, truly self-published collections 🌈
- My latest piece available on SuperRare ♦️
superrare.com/artwork-v2/yell…
Original painting will be available at my Solo exhibition: 21st March, SOHO, London.
Full details in bio.
- Hi, I’m grams, and this is a bit of what I do (:
@creators @photographers
@club/lens @club/orb /5geezus
- ETH Daily - 27th February 📰
-Lens goes permissionless 🌿
-Ethereum Dencun-ready .oO
-AltLayer x Superchain 🔴
-Obol 2.0 roadmap 🛣️
-Uniswap Extension 🦄
Sponsored by Harpie
- we have the dream
- you should have a dream my bro
- see good hello
- Zeldris get new haircut by meliodas
Nanatsu no taizai
- Scott Lewis is a Contributor at Canto.
In this episode, we cover Canto, the Cosmos EVM L1 built for DeFi and RWAs. Legendary DeFi builder Scott Lewis, the Founder of DeFi Pulse, joins us to share the latest on the Canto roadmap, what makes Canto unique among L1s/L2s, and how they've applied a product-first mindset to building this chain
- see good hey man
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- keep your hungry
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- new year coming
- this is four day
- one day flight