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.
