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b'Ram Ahluwalia, CEO and co-founder of crypto-native investment advisor Lumida, and Samuel Andrew, crypto author and analyst, talk about the financial situation at Genesis and parent company Digital Currency Group (DCG). The collapse of FTX has dealt crypto lender Genesis another major blow, with the firm halting withdrawals and DCG stepping in to help. Now the two face a range of suboptimal outcomes in the face of massive debts. Ahluwalia and Andrew discuss what could come next, and what should be learned from the recent debacles.\\xa0\\nShow highlights:\\n\\nwhy Genesis and DCG are so important for the crypto sector\\n\\nRam\'s explanation of the "Grayscale trade" and why it is relevant to understand the current crisis\\n\\nthe ghost of Three Arrows Capital and the origins of Genesis\' problems\\n\\nwhy Sam thinks Genesis was "reckless" in its loan underwriting\\n\\nwhat a spot Bitcoin ETF would mean for Grayscale\'s revenue\\n\\nwhat options Genesis and DCG have to weather the storm\\n\\nwhether it makes sense for Genesis to file for bankruptcy\\n\\nwhy Ram thinks Genesis lending product needs to be be shut down\\n\\nwhy Gemini and its Earn program loom large in the Genesis situation\\n\\nthe risks of enforcement action from regulators\\n\\nwhat the most likely outcome is for Genesis and DCG and whether creditors will be made whole\\n\\nwhether there will be broader contagion stemming from Genesis and what other crypto companies could be in trouble\\n\\nthe problems of leverage and why crypto\'s "shadow banks" need regulation\\n\\n\\xa0\\n\\xa0\\nTake Unchained\'s 2022 survey!\\xa0\\xa0\\nUnchained is doing its annual survey. Tell us how you think we\\u2019re doing and how we could improve, whether it be on the podcast, in the newsletter, or in our premium offering. Looking forward to hearing your thoughts!\\xa0\\nThank you to our sponsors!\\nCrypto.com\\nChainalysis\\nMinima\\n\\xa0\\nRam:\\n\\nTwitter\\n\\nRam\\u2019s thread on GBTC\\n\\nPrevious Unchained episodes:\\n\\nWhy Genesis Could Very Well Be Insolvent, Not Just Illiquid\\n\\nSam:\\n\\nTwitter\\n\\nSubstack\\n\\n\\xa0\\n\\xa0\\nEpisode Links\\n\\xa0\\nGenesis:\\n\\nUnchained:\\xa0\\n\\nGenesis Warns of Bankruptcy If Funding Plans Fail: Report\\n\\nOn-chain Analysts ID 432 GBTC Addresses After Grayscale Says No to Proof-of-Reserves\\n\\nWSJ: Crypto Lender Genesis Asks Binance and Apollo for Cash\\n\\n\\nDecrypt: Digital Currency Group Says No Imminent Threat Despite Owing Genesis $575M\\n\\n\\nThe Block: DCG CEO Barry Silbert updates shareholders, says company will emerge \'stronger\'\\n\\n\\nPrevious coverage of Unchained on Genesis:\\n\\n\\u2018The Last Big Whale\\u2019: Why the Crypto Contagion of 2022 Eventually Hit Genesis\\n\\nAdam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months\\n\\nIs the Collapse of Crypto Lending Over, or Is It Just Starting?\\n\\n\\nThe Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?\\n\\n\\xa0\\nFT: Crypto broker Genesis owes Winklevoss exchange\\u2019s customers $900mn\\n\\xa0\\nWSJ: Rising Tether Loans Add Risk to Stablecoin, Crypto World\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'