1: several companies and organizations were involved in a series of events related to the crypto industry. genesis took out a full-page ad in the new york times to pressure gemini into breaking its silence, national geographic launched an nft collection, electric capital released its fourth annual developer report, the u.s. department of justice announced a chinese exchange, a solo bitcoin miner won a sizable block reward, porsche announced the mint price of its new 7,500-piece nft collection, and sam bankman-fried, the former ceo of ftx, was put under house arrest charged with eight financial crimes.
2: the events occurred over the course of several weeks. genesis’ full-page ad was published in the new york times, national geographic’s nft collection was launched, electric capital released its fourth annual developer report, the u.s. department of justice announced a chinese exchange, and porsche announced the mint price of its new 7,500-piece nft collection. sam bankman-fried was put under house arrest in the u.s. and bloomberg crypto journalist muyao shen posted a flowchart connecting the key players at the top of ftx’s former empire.
3: the events happened for various reasons. genesis took out the full-page ad in the new york times to pressure gemini into breaking its silence, national geographic launched an nft collection to gain more exposure, electric capital released its fourth annual developer report to provide insights into the crypto industry, the u.s. department of justice announced a chinese exchange to crack down on illegal activities, a solo bitcoin miner won a sizable block reward as a result of their mining efforts, and sam bankman-fried was put under house arrest for financial crimes. reports surfaced that genesis was preparing to file for bankruptcy, crypto trading company cumberland announced it had no exposure to genesis, and the parent company of genesis, dcg, released an announcement. @watcherguru also posted a list of bankrupt crypto companies.
