Gemini Escalates Dispute with DCG's Genesis; Grayscale Bitcoin Trust Discount Narrows to 8-Week Low

The Winklevoss twins’ crypto exchange Gemini is ending the master loan agreement between its customers and Genesis, Gemini told customers of its Gemini Earn in an email on Tuesday. This comes as Grayscale Bitcoin Trust’s early 2023 rally has outpaced that of its underlying bitcoin holdings, thus significantly narrowing its discount to net asset value.