First Mover Asia: Altcoin Short Squeeze Brings Green Sprouts to Dormant Crypto

According to Bloomberg, officials from the Eastern District of New York from the US Department of Justice and the US Securities and Exchange Commission are reviewing transfers between Digital Currency Group and the conglomerate’s Genesis subsidiary. Genesis and CoinDesk are both owned by parent company Digital Currency Group. Bernstein’s Gautam Chhugani weighed in. Meanwhile, bitcoin (BTC) decisively surged above $17,000, appearing to break out of a three-week range. Additionally, CoinDesk Research Associate George Kaloudis and Galaxy Digital Head of Scale Research Alex Thorn shared their 2022 crypto year in review research.

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