• Genesis Global Capital has filed for Chapter 11 bankruptcy due to exposure to FTX. • Lawyers from Cleary Gottleib are representing Genesis in the bankruptcy case and hope to settle with creditors by the end of the week. • They are working with representatives of the creditors and the US Trustee Office to reach a consensus. Genesis Global Capital has recently filed for Chapter 11 bankruptcy in the wake of the prolonged bear market in the crypto industry. The filing included two of the lender’s subsidiaries, Genesis Asia Pacific and Genesis Global Capital. The crypto lender had exposure to FTX before the exchange’s bankruptcy, leading to the halt of…

• FTX’s attorneys have identified and valued $5.5 billion in assets hidden away in customer accounts or other portions of the business. • Of the $5.5 billion, FTX has cash on its books in the amount of $1.7 billion, and cryptocurrency assets make up another $3.5 billion. • The cryptocurrency assets include more well-known coins like Bitcoin as well as other coins with less certain values. FTX, once a promising cryptocurrency exchange, declared bankruptcy two months ago. The complexity of the task of untangling and recovering the assets connected to FTX became more apparent as the attorneys from the New York firm of Sullivan & Cromwell provided additional information regarding…

• RobotEra is a crypto investment project that emerged amidst the chaotic crypto market as a haven for investors and fans of the Metaverse. • The concept of the Metaverse, a virtual world where users can interact and create, has become increasingly popular due to its promising future and accessibility. • RobotEra allows users to explore a new kind of Metaverse in a creative and unrestricted way. The past week has been a glimmer of hope for crypto investors, as they witnessed some green flash on their screens, which was quite occasional as the market was going through something people refer to as the „crypto winter“. And while the last…