Financial Times: Genesis crypto lender owes more than $900 mil | DEFI WORLD

Financial Times: Genesis crypto lender owes more than $900 million to Gemini crypto exchange customers.

Bybit announced a second wave of staff cuts amid a prolonged bear market.

Elon Musk: Sam Bankman-Fried donated about $1 billion to the Democratic Party.

Blockchain(.)com and Gemini are interested in buying crypto derivatives platform LedgerX, which FTX wanted to buy over the summer.

Nobel Prize-winning economist Paul Krugman called the current crypto winter endless, as many cryptocurrencies have no value, just like blockchain technology.