Gemini, Winklevoss Twins Hit by Crypto Contagion

The video discusses the ongoing contagion in the crypto world, triggered by a liquidity squeeze involving the Winklevoss twins and their lending partner Genesis. The contagion began with FTX's bankruptcy, affecting crypto exchanges and brokerages, notably Genesis and its lender Gemini. The spillover has led to significant withdrawals from Gemini's platform. Despite current market stability, with Bitcoin around $17,000, there are concerns about further volatility due to potential bankruptcy filings from other companies like Blockfi.

What event triggered the liquidity issues for the Winklevoss twins?

• The collapse of Blockfi

• The bankruptcy of FTX

• A hack on Gemini

• A new crypto regulation

How much worth of tokens are invested through Gemini's earned product on Genesis?

• $700 million

• $1 billion

• $500 million

• $300 million

What is the current price level of Bitcoin mentioned in the video?

• $20,000

• $25,000

• $17,000

• $15,000

Which companies are mentioned as having potential bankruptcy risks?

• Kraken and Bitfinex

• Blockfi and Genesis

• Ripple and Cardano

• Coinbase and Binance

What is the current state of the crypto market according to the video?

• Highly volatile

• Experiencing a crash

• In a bull run

• Stable