Cryptocurrency exchange Gemini announced it will become the custodian for the 7RCC Bitcoin and Carbon Credit Futures ETF. Gemini stated that the fund provides investors with opportunities for diversified investment portfolios and supporting 7RCC as the custodian for the fund is an important development for their platform.

Crypto lender Genesis has filed a lawsuit against cryptocurrency exchange Gemini to recover over $689 million in preferential transfers made through the Gemini Earn Program during the 90-day period prior to Genesis filing for Chapter 11 bankruptcy. Genesis claims that these withdrawals benefited Gemini at the expense of other creditors and is demanding the return of the funds. This comes as Gemini has filed a lawsuit against Genesis' parent company, Digital Currency Group, for allegedly masterminding a fraud scheme against creditors.

Gemini UK will only allow cryptocurrency transfers to and from entities registered with TRUST, in compliance with Travel Rule regulations. Outgoing transfers will only be permitted to 58 TRUST-registered companies, while incoming transfers from non-TRUST VASPs may result in account freezes or limits. Gemini's partnership with TRUST is part of its strategy to comply with the UK's evolving regulatory landscape for digital assets, which includes the introduction of a financial promotions regime and legislation empowering law enforcement to seize crypto assets tied to illegal activities. The exchange's proactive approach highlights its commitment to operating within regulatory expectations and fostering a secure and trustworthy environment for cryptocurrency transactions.

Bloomberg News reported that cryptocurrency platform Gemini Trust Co. is suing bankrupt cryptocurrency lending firm Genesis Global Holdco LLC, trying to determine who legally owns the GBTC stock of Grayscale Bitcoin Trust Company, currently worth nearly $1.6 billion. In the bankruptcy court lawsuit filed on Friday, Gemini asked a federal judge to rule that Genesis has no right to obtain over 60 million shares of GBTC stock pledged as collateral by users of Gemini Earn products. The company argued that the shares involved (most of which are still held by Genesis or its affiliates) should not be used to repay other Genesis creditors.

According to Letitia James, the Attorney General of New York, a lawsuit has been filed against cryptocurrency exchange Gemini, cryptocurrency lending company Genesis, their parent company DCG, and two executives (former CEO of Genesis Michael Moro and DCG CEO Barry Silbert). The complaint alleges that Gemini knew that Genesis' loan collateral was insufficient and was highly concentrated on one entity, Alameda, but did not disclose this information to investors. James said, "My office will continue to work to stop deceptive cryptocurrency companies and promote the development of stricter regulations to protect all investors."  Previously, the Attorney General of New York accused Gemini, Genesis, and DCG of deceiving investors and attempting to conceal losses of over $1 billion.

PeckShield has monitored that vitalik.eth has transferred about 15 million USDC to Gemini.

According to sources cited by Bloomberg on September 28th, Gemini Trust Co. withdrew hundreds of millions of dollars from Genesis Global Holdco LLC months before Genesis froze deposits and eventually filed for bankruptcy. In August 2022, Gemini extracted approximately $282 million worth of cryptocurrency from Genesis.

Cryptocurrency exchange "Gemini" claimed on social media that India is a leading center for entrepreneurship and technological development. In the next two years, we plan to double the number of employees in our Gurugram office, from 70 to over 150 people.

Gemini, a cryptocurrency exchange, is reportedly attempting to gather support from other creditors to increase the amount of money recovered from Digital Currency Group (DCG), the parent company of bankrupt crypto lending firm Genesis. The proposed plan involves some creditors providing funds to pay others back quickly in exchange for a larger share of any money won from suing DCG.

August 19th, cryptocurrency trading platform Gemini submitted a reply supporting the dismissal of the lawsuit filed by the US Securities and Exchange Commission (SEC) regarding the Gemini Earn project. The SEC claims that by establishing the Gemini Earn program and providing users with the opportunity to lend digital assets to Genesis based on specific loan agreements, Gemini participated in the illegal sale of unregistered securities. This means that the SEC must prove two things: (1) the existence of securities and (2) the sale of "such securities".