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Genesis liquidity crisis? Genesis asks for $1 billion emergency loan due to liquidity crisis

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Genesis lending crypto

Cryptocurrency lender Genesis has asked for a $1 billion emergency loan from investors before suspending withdrawals from the platform. Genesis liquidity crisis?

Genesis lending crypto later said the document was prepared over the weekend and is no longer relevant. It added that the firm was in “very positive discussions” with potential investors to bolster its liquidity.

Genesis’ problems stemmed from the aftermath of last week’s collapse of FTX. The lender had outstanding obligations to Alameda Research, a subsidiary of FTX. After the FTX collapse, the lender acknowledged that it had millions of dollars worth of assets hanging in its trading account. The company decided to shore up its balance sheet by injecting $140 million in capital from its funds. In total, Genesis lost about $178 million due to FTX’s bankruptcy.

The sudden collapse of the FTX led to panic in the market, provoking a wave of withdrawal requests. Many companies in the crypto industry faced such a problem; in particular, crypto exchange Liquid and lender BlockFi announced the suspension of withdrawals, while crypto exchange Gate.io is predicted to repeat the fate of FTX.

We previously reported that Gemini Exchange rolled back cryptocurrency withdrawals from its credit division.



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SEDA’s Flagship Verification Module To Secure A $120 Billion Industry

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[PRESS RELEASE – New York, New York, February 11th, 2025]

SEDA has announced the Interoperability Verification Module (IVM) framework to set an industry standard for cross-chain verification for all routes, across any VM.

Today, SEDA announced the first-of-its-kind Interoperability Verification Module framework. SEDA IVMs are a plug-and-play verification solution for interoperability protocols, adding significantly upgraded security, near-instant horizontal scaling, and increased decentralization out of the box. Interoperability providers integrating the SEDA IVM can access a hyper-specialized framework for independent, permissionless verification of any cross-chain transaction across all routes. The SEDA IVM framework is built to serve the modularization of Interoperability architecture necessary to scale from the current landscape of 347 active networks to an estimated 2,000+ chains by 2026.

The IVM framework leverages a multi-layer verification process consisting of an independent overlay network, decentralized solvers, and a combination of private and public RPC data providers. With nearly $2 billion lost in bridge hacks since 2020, the SEDA IVM presents a critical piece of industry-needed security infrastructure. Built to offer a robust, scalable, and customizable module, the IVM provides independent decentralized verification for millions of transactions across thousands of networks.

Key features and benefits of the SEDA IVM include:

  • Industry-wide data parity with a singular security zone.
  • Built-in liveness guarantees.
  • Programmable design to suit specific needs of bridge, solver, and abstraction layers.
  • Permissionless access and deployments.

“The demand for robust interoperability infrastructure has surged as users and developers engage with hundreds of specialized networks,” said Peter Mitchell, CEO and Co-founder of SEDA. “Over the last two years, the interoperability sector has expanded dramatically, achieving a transaction volume of over $123 billion in 2024. Projections indicate this sector could reach over $250 billion in 2025. Our IVMs represent a significant advancement for Interop 3.0, allowing any interoperability provider to customize parameters within the SEDA IVM framework, ensuring independent verification across all routes through a single deployment.”

Parallel to a message relayed between chains, the IVM automatically initiates a secure verification sequence, in which a dedicated secret committee of independent overlay nodes is formed to query RPC data on the source chain. Results are returned via a commit-reveal scheme for data integrity and preventing manipulation, after which protocol-defined instructions filter and order results before being batched on SEDA’s main chain. Data results are secured with tamper-proof cryptographic guarantees before being relayed by solvers to the destination chain.

The SEDA IVM directly addresses recent industry challenges, such as the Stargate bridge downtime caused by an offline multi-sig verifier. By plugging into SEDA’s distributed verification architecture, interoperability providers inherit security and liveness guarantees associated with SEDA’s Network design, consisting of a performant layer one, a highly decentralized overlay network, and a censorship-resistant solver network. This design mitigates collusion risk and downtime commonly associated with default multi-sig relay setups, which secure over $10 billion in monthly volume.

By decoupling verification, interoperability providers can focus on scaling services to thousands of new chains, allowing SEDA to provide specialized verification for all routes.

For more information about SEDA’s IVM framework and integration possibilities, users can visit https://seda.xyz or join the community on Discord at https://discord.gg/seda.

About SEDA

SEDA is a programmable oracle infrastructure that enables builders on any network to connect application-specific data feeds in seconds.

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Top Dogecoin (DOGE) Price Predictions as of Late

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TL;DR

  • Analysts predict Dogecoin could hit $2.20 to $4, with KALEO calling the current range a prime buying zone.
  • Elon Musk’s leadership of the Department of Government Efficiency (D.O.G.E.) has fueled speculation that the meme coin could benefit from certain associations, especially after the agency briefly featured DOGE’s logo on its website.

DOGE to Chart Substantial Gains Soon?

The biggest meme coin in terms of market capitalization has recorded a choppy performance in the last several weeks. Despite charting a 5% increase on a daily scale, the price remains 20% below the levels observed a month ago. 

Most recently, DOGE has been hovering around $0.25 – $0.26, which, according to the popular X user KALEO, is a perfect buying zone.

Other well-known analysts who outlined predictions include Ali Martinez and Trader Tardigrade. The former claimed that the meme coin remains on a bullish path that could eventually result in a new all-time high of $4.

Trader Tardigrade observed Dogecoin’s previous cycles to estimate that it is currently “in the middle of the DOGE season.” The market observer believes that the peak of the phase could occur at a price of around $2.20.

“Take it seriously. You can’t chase it once it starts moving,” they added.

Whales and D.O.G.E.

The whales’ activity is a key element that could affect the market performance of the meme coin. Last week, large investors accumulated millions of DOGE, reducing the circulating supply and signaling confidence in the asset. The actions of the whales could also be mimicked by smaller players who might inject fresh capital into the ecosystem.

The establishment of the Department of Government Efficiency (D.O.G.E.) is worth mentioning, too. The agency, spearheaded by Elon Musk, aims to maximize governmental efficiency and eliminate unnecessary spending. However, its abbreviation is the same as that of the meme coin, and DOGE proponents have raised hopes that the connection could benefit their favorite token.

Last month, the price of the asset exploded by double digits shortly after the department featured Dogecoin’s logo on its official website. It was later removed, but future involvements with the asset may have implications for its value again.

Meanwhile, Musk is a keen advocate of the meme coin, often praising its merits and influencing short-term price spikes. 

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Test ($TST) Price Pumps 2,000% Over Weekend – Coul MIND of Pepe Post Similar Gains?

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Test (TST), a token that wasn’t supposed to be a big deal, just exploded 2,000% over the weekend.

TST became a meme coin star thanks to a leaked video and some online hype.

Now, everyone’s wondering: can MIND of Pepe (MIND), another new meme coin, produce similar gains after its presale ends?

TST – The Accidental Meme Coin Success Story

So, what is TST, and why is everyone talking about it?

Originally, TST wasn’t wasn’t meant to be a real project at all.

The BNB Chain team created it as a demo, a how-to example for launching a meme coin on their new Four.meme platform.

But then the token’s details accidentally leaked in a tutorial video (which has since been deleted), and traders jumped on it.

Last Friday, TST officially went live on exchanges, and its price has rocketed since then.

From Friday’s launch price to Sunday’s all-time high, it rocketed over 2,000%.

Although TST has since pulled back from its record high, traders who got in early saw incredible gains.

TST’s spot trading volume has also been huge – over $1 billion in trading activity in just one day.

That’s more than established coins like PEPE and ADA.

Although the token will likely cool off now, TST has clearly captured the crypto community’s attention.

Test Token Defies Crypto Market Bearishness

Test’s price has rocketed despite the broader crypto market taking a beating.

Most of the pessimism stems from potential trade wars triggered by Trump’s tariff talk, the Fed keeping interest rates high, and ongoing regulatory worries.

Bitcoin is still trading below $100,000, Ethereum is at $2,660, and billions were wiped out in liquidations last week.

In fact, over $2.2 billion was wiped out in a single day – the biggest liquidation event since FTX’s collapse.

But TST has defied all this bearishness.

It launched while the market was still reeling from these factors, managing to pull off an exponential price rise.

It’s yet another example of how hype-driven meme coins often play by their own rules.

And some popular traders think TST still has room to run.

For example, @AKABull_ told his 144,000+ Twitter followers that a $1 billion market cap looks “inevitable.”

Fellow trader @alexmaxbid believes it could run even higher to a $1.5 billion valuation.

Is MIND of Pepe Next to Rally? MIND Token Presale Hits $5.6M as Hype Builds Around AI Agent

Could MIND of Pepe be the next TST?

Both coins are tapping into the meme coin hype, but MIND of Pepe has a key difference: artificial intelligence.

MIND of Pepe features an AI “brain” that constantly scans the market, looks for trends, and even launches its own meme coins.

MIND holders get early access to these AI-generated insights and meme coins.

That’s a big difference from Test, which is basically just a pure meme coin and nothing else.

MIND of Pepe’s presale has already raised over $5.6 million since launching on January 13th.

The team is offering market-beating staking rewards during the presale – estimated at 405% per year.

These high yields are designed to get investors to hold long-term, unlike what happened with TST, where a lot of investors cashed out fast.

MIND of Pepe has also built a large following on Twitter and Telegram, similar to how TST quickly blew up.

And like TST, big-name YouTubers are hyping it up.

ClayBro, who has over 136,000 subscribers, said MIND could be the “best meme coin AI agent of 2025.”

Ultimately, MIND of Pepe’s success will hinge on whether its AI agent delivers on the early hype.

But for those seeking the next big meme coin, MIND is definitely one to watch.

Visit MIND of Pepe Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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