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Gemini, Genesis, and Digital Currency Group (DCG) will initiate a 30-day mediation process to resolve outstanding issues related to the Genesis bankruptcy plan. The mediation will focus on DCG's economic contribution to the bankruptcy estate for the benefit of all creditors, including Gemini Earn users. An order from Bankruptcy Judge Lane to direct the mediation is anticipated to be issued soon.
Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S. regulators.