According to Whale Alert monitoring, at 7:00:24 today Beijing time, 10,798 BTC (approximately $317,738,036) was transferred from Gemini to an unknown wallet.

80.52 million SAND tokens (approximately $32.55 million) starting with 0x73b were transferred to CEX early this morning, as monitored by Yu Jin. Among them, 70 million SAND tokens were transferred to Binance, 10 million SAND tokens were transferred to OKX, and 529,000 SAND tokens were transferred to Gemini.

Several members of the cryptocurrency community on X (Twitter) have posted screenshots of a price malfunction for XRP on Gemini. The screenshots show that the displayed price of XRP on Gemini has repeatedly risen to over $1, and even spiked to $50 at one point. However, according to data from CoinGecko, the current market price for XRP is $0.63. Meanwhile, as of 1:25 AM UTC on August 11th, Gemini announced that it has conducted a comprehensive maintenance of its platform. 

Digital Currency Group(DCG) has filed a motion to dismiss a fraud lawsuit brought by Gemini exchange, alleging that Gemini is trying to shift blame for the problems at its Earn lending service. Gemini's lawsuit claims that DCG and its founder, Barry Silbert, committed fraud through DCG's Genesis subsidiary that held funds for Gemini's Earn program. <br>

Ripple Labs has won a partial victory in its legal battle with the US Securities and Exchange Commission (SEC), as a judge ruled that the sale of Ripple's XRP tokens on exchanges and through algorithms did not constitute investment contracts. However, the institutional sale of the tokens did violate federal securities laws.

Despite the lack of recognition from most African governments, cryptocurrency traders are still utilizing various exchanges across the continent. These exchanges offer different transaction costs and trading options, allowing customers to track their investments. Among the recommended exchanges are Bybit, Kraken, Coinbase, Binance, and Gemini, with the latter two prioritizing security and offering tools for passive income generation. Gemini is also a qualified custodian under the New York State Department of Financial Services, emphasizing its regulatory compliance.

Digital Currency Group has dismissed the lawsuit filed against it by Gemini as a "publicity stunt" by Cameron Winklevoss. Gemini had accused DCG and its CEO Barry Silbert of defrauding its creditors by continuing the Earn program despite knowing about Genesis' insolvency. DCG has denied any wrongdoing and called Gemini's claims baseless and defamatory. The mediation process is said to be nearing a close, and DCG expects to bring the Genesis Chapter 11 case to a conclusion soon.

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has filed a lawsuit accusing Digital Currency Group (DCG) and its CEO Barry Silbert of defrauding Earn customers of almost a billion in cryptocurrency through the misinterpretation of financial statements. Gemini claims that Genesis, a DCG subsidiary, and DCG owe over $700 million to Earn users, marking the latest development in the ongoing dispute following Genesis' bankruptcy filing.

Gemini, the crypto exchange led by the Winklevoss twins, has filed a lawsuit against Digital Currency Group (DCG) and its CEO Barry Silbert for allegedly defrauding creditors. The lawsuit claims that Silbert committed fraud by continuing Genesis' Earn Program despite the subsidiary being "massively insolvent." Gemini is the largest creditor of bankrupt crypto lending firm Genesis. The lawsuit alleges that DCG and Silbert conspired to create false financial reports to hide the truth from Gemini and creditors.

Gemini, the crypto company founded by the Winklevoss twins, has set a final deadline of Thursday afternoon for Digital Currency Group (DCG) to agree on a deal to restructure its bankrupt crypto lending unit Genesis. Genesis filed for bankruptcy in January after the collapse of key counterparties including FTX caused it to freeze customer redemptions in November.