π° Crypto lender Genesis files for bankruptcy
Owes $766 million to Gemini customers
βββββ βββββββ ββ
β
Hey Waivly Crew!Β π Genesis Global Holdco and two of its lending subsidiaries filed for bankruptcy protection on Thursday. Azuki has partnered with Bilibili International to explore Web3 innovations in anime and media content.
βββββ ββ
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, news, resources, and so much more, all blended together into one super low-cost and quick to join membership π Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 75% off saving on your membership by joining today.
Crypto lender Genesis files for bankruptcy
Genesis Global Holdco LLC, the parent company of troubled crypto lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection late Thursday.
βββββ ββ
Genesis Global Holdco, LLC and its subsidiaries Genesis Asia Pacific Pte. Ltd and Genesis Global Capital, LLC filed a trio of voluntary petitions with the bankruptcy court for the Southern District of New York.
βββββ ββ
In its filings, Genesis Global Capital, the partner firm to Gemini's defunct Earn program, estimated more than 100,000 creditors and between $1 billion and $10 billion in assets and liabilities.
βββββ ββ
The two other entities listed assets and liabilities in the range of $100 million and $500 million.
βββββ ββ
"An in-court restructuring presents the most effective avenue through which to preserve assets and create the best possible outcome for all Genesis stakeholders,β Genesis interim CEO Derar Islim said in a statement.
βββββ ββ
Gemini customers are owed $766 million, according to the bankruptcy filing. Previously, Gemini co-founder Cameron Winklevoss said Genesis owed more than $900 million to Earn investors.
βββββ ββ
This comes a week after Genesis and Gemini were charged by the U.S. Securities and Exchange Commission with offering unregistered securities through the Earn program.
The Waves
π¨ OpenAI CEO Sam Altman shares worst-case scenario for AI
π Bybit CEO offers clarity on exposure to Genesis
π Chainalysis: ransomware payments 'significantly down' in 2022
π° MoonPay acquires Web3 creative studio Nightshift
NFT Special
Azuki partners with Bilibili International
Azuki has partnered with Chinese video-sharing platform Bilibili International to explore Web3 innovations in anime and media content.
βββββ ββ
To celebrate the partnership, the companies are offering a few perks to Azuki ecosystem holders. Bilibili users can acquire an exclusive certified diamond label for verifying their ownership of an Azuki, BEANZ, or Cheers Up NFT.
βββββ ββ
In addition, a new βBilibili cheers!' badge has been added to Azuki's Collector's Profile. Cheers UP and BEANZ also teamed up to design an emoji sticker pack. Holders can use these stickers on Discord or in the Bilibili app.
βββββ ββ
Beeple announces grand opening of BEEPLE STUDIOS
Beeple, one of the most valuable living artists, has announced the grand opening of his physical studio, βBEEPLE STUDIOS,β on March 11th in Charleston, South Carolina.
βββββ ββ
Beeple will host the event in partnership with Christieβs. On March 11th, it will be two years since Beepleβs βEverydays: The First 5,000 Daysβ sold for a record $69 million at the auction house.

βββββ ββ
The opening event will feature works from XCOPY, Refik Anadol, DeeKay Motion, Blake Kathryn, Pak, Smeccea, Ash Thorp, Coldie, GMUNK, Chelsea Evenstar, and many others.
βββββ ββ
To ensure the space is open to everyone, Beeple is inviting artists to submit their artwork for the chance to be showcased at the opening. Selected artists will win a free ticket to the event.
βββββ ββ
All event attendees must hold a Beeple NFT at the time of entry. They must also claim their tickets by February 1st, 11:59 PM EST.
Learn how to speak a new language like a local with Babbel
Whether youβre embarking on a trip soon or have had ambitions of learning a new language for years, odds are you want to start speaking it confidently sooner than later. Turn to Babbel, the top language-learning app that helps users start speaking a new tongue in just three weeks.
βββββ β
Thatβs because Babbel goes far beyond just vocabulary; itβs about preparing to have real-life exchanges with locals through lessons (podcasts, games, articles and live online classes) built by expert language instructors (read: not AI). Take up to 55% off when you start your language learning journey today.
Share the Waivly newsletter with your friends
That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to ourΒ website and get them onboard the Waivly Crew. Get more from us onΒ Twitter,Β Instagram, andΒ LinkedIn.
βββββ β
Want more from us at Waivly? Join Waivly+, the premium Waivly membership that gives you exclusive Web3, NFT, and crypto content, insights, news, resources, and so much more, all blended together into one super low-cost and quick to join membership π Click here to get onboard and to become a Waivly+ Crew member! Enjoy a huge 75% off saving on your membership by joining today.
β
ββββ β
*Waivly+ is the premium Waivly membership. Join at anytime by clicking βSubscribeβ on the Waivly website, and cancel anytime by heading to your account on Waivly.
*Babbel is an advertiser working with Waivly.