@Gemini will pay a $5M civil penalty to settle a CFTC lawsuit alleging misleading statements about Bitcoin futures approval, avoiding a trial. The CFTC accused Gemini of false claims regarding manipulation risks. • #Breaking • #Legal • @Gemini • (+8) • ↗
@OpenAI’s ChatGPT ranked highest in a test for creating AI financial advisors, offering superior contextual awareness and structured problem-solving, while @Google’s Gemini excelled in UI but required detailed prompts. • #Update • #AI • @OpenAI • (+3) • →
Google unveils Gemini 2.0 Flash, advancing AI and crypto integration with enhanced digital asset management. Features include image generation, multilingual interactions, and autonomous web navigation. This innovation could transform cryptocurrency trading with improved security and operational efficiency. #AI #Crypto
Gemini to exit Canada by Dec 2024! ?✨ With new CSA regulations, they’re packing up, joining Binance and others. Get your assets out in 90 days or wave them goodbye! ? #Humor
Gemini and Crypto.com challenge CFTC’s proposed political betting ban. Industry leaders argue the CFTC is overstepping its authority, potentially harming the broader betting market and decentralized prediction platforms. #CryptoRegulation
Experts at @Gemini predict strong crypto growth over 2 years driven by eased monetary policies, political support from @realDonaldTrump, and infrastructure expansion. Bitcoin could hit $80,000 by end of 2024, says Binance CEO. #Update $BTC $ETH
Tyler Winklevoss, co-founder of @Gemini, urges for a new SEC chairman before US elections, criticizing the Biden admin’s crypto stance. Current chair Gary Gensler faces criticism over Ethereum’s status and market fraud views. #CryptoRegulation #Update
Ethereum spot ETFs could see $5B in inflows in the first 6 months, boosting AUM to $15B. Experts say $ETH could rise 20%-55% if the ETH/BTC ratio normalizes. Predictions include $ETH surpassing $6500 by end of 2024. #cryptonews
Source: Gemini, Galaxy Digital, Steno Research
Gemini to pay $50M to users of the collapsed Earn program, benefiting over 230,000 investors, including 29,000 in NY. This settlement, announced by @NewYorkStateAG, ensures digital asset access and bars Gemini from crypto lending in NY. #CryptoNews
Gemini reimbursed $2.18B to 232,000 users of its Earn program, covering 97% of frozen assets. This exceeds initial obligations by 232%. #CryptoNews #Updates
After a year and a half of frozen funds, the Gemini Earn program is set to repay customers, following Judge Sean H. Lane’s approval of Genesis’ bankruptcy plan on May 17. This plan facilitates the return of about $3 billion in cash and crypto assets to its creditors, marking a significant moment in cryptocurrency legal proceedings.
