GENIUS
Coverage of GENIUS in the Nexus archive.
- Investor accuses financial firms of ‘spoofing’ tech company’s stock
An investor filed a federal class action accusing Citadel Securities and Virtu Americas of manipulating Genius stock through spoofing, a tactic involving fake orders to distort price volatility. Genius, a Singapore-based education tech company, plans to join the lawsuit, citing $250 million in alleged damages from the scheme.
- State Street launches GENIUS-compliant money market fund for stablecoin issuers
State Street has launched a GENIUS-compliant money market fund (SSCXX) designed for stablecoin issuers. The fund, classified under Rule 2a-7, focuses on conservative investments in cash and yield-bearing cash equivalents.
- Kennedy scion Jack Schlossberg calls Trump a ‘genius’ who is ‘living in all our heads’
Jack Schlossberg, a Kennedy scion, expressed deep respect for Donald Trump's genius, noting how Trump influences daily conversations. Schlossberg acknowledged Trump's impact on public discourse.
- U.S. Congress returns as GENIUS comments periods close, jobs report: Crypto Week Ahead
The U.S. Congress reconvenes as the public comment periods for the GENIUS platform conclude, and the jobs report is highlighted for the upcoming week in cryptocurrency. Key developments in Congress and regulatory updates are anticipated to impact the crypto market.
- Falcon Finance taps Anchorage to issue new GENIUS-compliant payments stablecoin fUSD
Falcon Finance has partnered with Anchorage to launch a new GENIUS-compliant stablecoin, fUSD, which serves as a regulated alternative to its existing overcollateralized synthetic stablecoin USDf.