# Gemini Related Articles

SEC To Dismiss 3-Year Lawsuit Against Gemini – Details

In a major development, the US Securities and Exchange Commission (SEC) has moved to dismiss its three-year lawsuit against Gemini Trust Company with prejudice, effectively ending the legal battle over the Gemini Earn crypto lending program. The SEC had accused Gemini and Genesis Global Capital of illegally offering unregistered securities through the program, which allowed users to earn interest on crypto loans. Following Genesis's bankruptcy and the FTX collapse, all affected investors fully recovered their assets. Gemini also settled with other regulators, paying over $50 million in fines. The SEC cited these recoveries and settlements in its decision to dismiss the case permanently. This dismissal occurs amid a broader shift in US crypto regulation, including the passage of the pro-crypto GENIUS Act and ongoing legislative efforts like the Clarity Act to define digital asset oversight.

bitcoinist2h ago

From Boom To Goodbye: NFT Marketplace Nifty Gateway To End Operations

Nifty Gateway, a prominent NFT marketplace, has announced it will cease operations on February 23, 2026, and has entered a withdrawal-only mode as of the announcement. Users must withdraw all funds and NFTs from the platform before the shutdown date. Withdrawal tools are currently available, allowing users to be transferred via linked Gemini Exchange accounts or through Stripe to bank accounts. The closure is part of a strategic decision by parent company Gemini to reallocate resources toward developing a larger, consolidated app. Nifty Gateway, launched in 2020, played a significant role in popularizing NFT art by enabling easy purchases via credit cards and hosting major drops. Its closure signals a cooling in the NFT market and marks the end of an important chapter for early NFT marketplaces. Users are urged to follow emailed instructions and move their tokens and balances promptly.

bitcoinist3h ago

SEC Drops Civil Lawsuit Against Gemini Trust Company

The U.S. Securities and Exchange Commission (SEC) has dismissed its civil lawsuit against Gemini Trust Company with prejudice, meaning the case cannot be reopened. This decision follows the full repayment of crypto assets to all affected Gemini Earn users through the Genesis Global Capital bankruptcy process between May and June 2024. The SEC cited the complete return of investors' crypto and the resolution of harm as key reasons for dropping the lawsuit. The case originated from a 2020 partnership between Gemini and Genesis, which froze $900 million in user assets during the 2023 market downturn. Gemini contributed significant funds and penalties to help resolve the situation and settle with regulators.

TheNewsCryptoYesterday 08:33

SEC drops Gemini Earn case, closing one of crypto’s longest-running enforcement actions

The U.S. Securities and Exchange Commission (SEC) has dismissed its civil enforcement case against Gemini Trust Company with prejudice, closing one of the longest-running crypto enforcement actions. The lawsuit, originally filed in January 2023, focused on Gemini’s Earn program, which allowed users to lend crypto to Genesis Global Capital for yield. The SEC cited the full in-kind restitution of assets to investors and prior settlements as key reasons for dismissal. The decision does not reflect a shift in broader enforcement policy or establish legal precedent on crypto yield products. It highlights, however, that full customer recovery can be a decisive factor in resolving such cases.

ambcryptoYesterday 23:55

"Shelling" Google Gemini, But Apple Hasn't Given Up on Its Own Model

Apple has reportedly entered into a significant partnership with Google to integrate its Gemini AI model into Apple's ecosystem, as a "foundation" component for its future AI features, including a more personalized Siri expected later this year. The deal, estimated at around $1 billion annually, is not a direct replacement of Apple's own models but rather a strategic collaboration where Gemini will assist in training and enhancing Apple's proprietary on-device AI, with all processing occurring on Apple's private cloud servers to ensure user data privacy and isolation from Google. This move is seen as a tactical, transitional step for Apple to accelerate its AI capabilities and meet product launch timelines, especially after facing delays and setbacks with its in-house Apple Intelligence development and losing key AI talent to competitors like Meta. Despite this partnership, Apple continues its independent research and is reportedly developing its own trillion-parameter model, targeted for around 2027. The collaboration has drawn criticism, notably from Elon Musk, who raised concerns about the concentration of power with Google, which also controls Android and Chrome. For Google, the deal is a major win, boosting its market valuation, while OpenAI's existing partnership with Apple, which positions ChatGPT as a supplementary option for Siri, appears less central by comparison. The arrangement highlights Apple's pragmatic approach to bridging its AI gap while maintaining its long-term ambition for a fully independent AI system.

marsbit01/13 07:21

AI Prediction Record: Want to Make Money in Prediction Markets with AI? But It Might Not Even Have Read the Question Clearly

An experiment tested whether AI (Gemini 2.5 Pro and Grok 4 Fast) could profitably predict outcomes on crypto prediction markets, pitting it against successful human traders. The AIs were given event titles, descriptions, and answer choices (Yes/No), with instructions to use web searches for news and expert analysis while ignoring market data. They were to reason logically and output only a final answer. After 21 settled predictions, Grok achieved the highest win rate at 75%, outperforming the humans (66.7%) and Gemini (52.4%). However, analysis revealed significant flaws in the AI's reasoning: * **Temporal Confusion:** Gemini sometimes misjudged the current date, leading to erroneous conclusions. * **Lack of Depth:** Grok often relied on immediate, surface-level information instead of identifying deeper patterns or historical context. * **Over-reliance on Assumption:** Gemini occasionally based predictions on subjective common-sense assumptions rather than the specific evidence found. * **Misinterpreting Conditions:** Both AIs sometimes failed to correctly parse the precise settlement criteria for a market, leading to logical errors despite having the correct information. The conclusion is that while Grok's win rate was impressive, its underlying reasoning process is often flawed and requires significant refinement to be reliably profitable.

Odaily星球日报01/04 10:54

AI Prediction Record: Want to Make Money in Prediction Markets with AI? But It Might Not Even Have Read the Question Clearly

Based on an experiment comparing AI predictions against human "smart money" on Polymarket, this article investigates whether AI can reliably profit in prediction markets. The author tested Google's Gemini 2.5 Pro and xAI's Grok (via OpenRouter), both equipped with web search, on 21 resolved non-crypto market questions. The core finding is a divergence in performance: Grok achieved the highest win rate at 75%, outperforming humans (66.7%) and significantly beating Gemini (52.4%). However, a detailed analysis of the AI's reasoning revealed critical flaws. Gemini frequently misjudged the current date, leading to erroneous conclusions. Both models sometimes relied on superficial or commonsense assumptions instead of deep, evidence-based logic. A major failure mode was misinterpreting the specific settlement conditions of a market, such as confusing "any files" with "all files" being released. While Grok's results are promising, the experiment concludes that AI often fails to fully comprehend the question's nuances, highlighting a significant gap between raw information retrieval and true contextual understanding needed for reliable prediction.

marsbit01/04 08:59

Fintechs prediction market addons will cost them in churn: Inversion CEO

cointelegraph12/22 02:04

Gemini nabs US license to offer prediction markets

Crypto exchange Gemini, founded by the Winklevoss twins, has received a designated contract market license from the CFTC, allowing it to offer prediction markets in the US. Through its affiliate Gemini Titan, the company plans to let users trade event contracts and expand into crypto derivatives like futures and options. The announcement caused Gemini's stock to surge 13.7% in after-hours trading. The license marks the end of a five-year application process and could significantly boost the company, which has seen its stock decline since its public debut. President Cameron Winklevoss stated that prediction markets could potentially rival or exceed traditional capital markets in size.

cointelegraph12/11 01:55

Bitpush Daily News Highlights: Fed cuts rates by 25 basis points as expected; Fed to purchase $40 billion in Treasury bills within 30 days; Gemini approved by CFTC to enter prediction market

Federal Reserve cuts interest rates by 25 basis points as expected, bringing the benchmark rate to 3.50%-3.75%. The Fed will purchase $40 billion in Treasury bills over the next 30 days. Gemini receives CFTC approval to enter the prediction market with its new platform, Gemini Titan, initially offering binary contracts and planning to expand into crypto derivatives. State Street Bank and Galaxy Digital announce plans to launch SWEEP, a tokenized liquidity fund on Solana in 2026, using PayPal’s PYUSD stablecoin for redemptions. If SpaceX IPOs at a $1.5 trillion valuation, Elon Musk’s net worth could reach $952 billion. Sei partners with Xiaomi to pre-install a Web3 wallet and app discovery platform on new smartphones outside China and the US, with plans to introduce stablecoin payments in retail by 2026.

比推12/10 23:46