Gemini’s SEC Deal + $10B ETH Whale

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Hey crypto trailblazer, 👋

Gemini reached a settlement in principle with the SEC over its Earn program. Meanwhile, BitMine’s Ethereum stash crossed $10 billion. Key updates:

🏛 Gemini and the SEC Near Settlement

What happened:

• Gemini and the SEC agreed in principle to resolve the case over unregistered securities in the Earn lending product.

• The case began in 2023 when the SEC alleged Earn and Genesis offered securities without registering.

• Litigation is paused while terms are finalized. If no deal by mid-December, the court will expect an update.

Why it matters:

• A sign the SEC may settle with crypto firms instead of taking every case to trial.

• Reduces Gemini’s legal risk and could restore market confidence.

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🌐 BitMine’s ETH Treasury Tops $10B

Key points:

• BitMine now holds over $10 billion in reserves, including 2.15 million ETH, plus Bitcoin and cash. That makes it one of the largest known Ethereum treasuries.

• Big institutional bets like this tighten supply.

• BitMine’s moves could influence liquidity and market sentiment for Ethereum.

Bottom line: BitMine’s ETH accumulation shows where institutions are placing conviction while the SEC deal could show how crypto lending will get regulated.

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.