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"Genesis, owned by venture capital firm Digital Currency Group (DCG), said last week it was seeking to avoid a bankruptcy filing."
"We anticipate that it will take additional weeks rather than days for us to arrive at a path forward."
... And so, with one tweet, CZ took down the entire cryptocurrency enterprise, causing all the crypto companies to fall like dominoes, one by one - including his own. Investors came to understand that faith in the blockchain was not enough: regulation was, in fact, necessary after all, to prevent incompetent and malevolent actors from destroying the entire enterprise for everyone. In a final ironic twist, Twitter, the social media platform on which CZ launched his fateful message, filed for bankruptcy a day after Binance....
(Ok, hopefully it's an exaggeration, but I'm not sure....)
(Yo @BTE, want to check out this market?)