Genesis Trading Orchestrates $1.6B Crypto Shift for Strategic Overhaul
In a significant move within the cryptocurrency landscape, Arkham Research has uncovered that wallets associated with Genesis Trading, a pivotal firm under the Digital Currency Group umbrella, have initiated a massive transfer of over 16,000 bitcoin and 166,000 Ether This transaction, totaling roughly $1 6 billion, marks a notable shift in Genesis Trading's operational strategy, particularly in its approach to managing debts accumulated during the tumult of the 2022 market downturn Genesis Trading's Strategic Debt Repayment The colossal transfer, valued at approximately $1 1 billion in bitcoin and $521 million in Ether, signals Genesis Trading's active measures to address its financial obligations...
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