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๐ŸŽ‰๐ŸŽ‰Big news for BTC enthusiasts! Gemini, the crypto exchange founded by the Winklevoss twins, has made a full recovery from its crypto lending arm's bankruptcy, marking one of the most successful industry recoveries to date.๐Ÿ’ช๐Ÿ’ช Gemini announced that its Earn customers have received $2.18 billion of their digital assets in kind.๐Ÿค‘๐Ÿค‘ That means if you lent one bitcoin, you get one bitcoin back, along with any appreciation of your assets since you lent them.๐Ÿš€๐Ÿš€ The online crypto community is cheering for this victory, praising Gemini's leadership for stepping up after losing customer funds in Genesis Global.๐Ÿ‘๐Ÿ‘ Genesis and Gemini both collapsed in the fallout of FTX and Alameda Research in late 2022. However, Genesis has now received court approval to repay over $3.5 billion to its creditors, one of which was Gemini.๐Ÿ‘๐Ÿ‘ Gemini's recovery stands out against other fallen crypto firms in 2022, which have only managed to recover a fraction of their customers' assets. Gemini's repayment is $1 billion in excess of when it froze withdrawals, marking a 232% asset recovery in USD terms.๐Ÿ’ฐ๐Ÿ’ฐ Gemini insists that the Genesis bankruptcy was not a crypto problem, but "old-fashioned financial fraud compounded by a lack of regulatory clarity."๐Ÿ”๐Ÿ” In a nutshell, Gemini Earn has managed to recover 97% of customers' lost crypto. A huge win for the crypto industry!๐ŸŽŠ๐ŸŽŠ

๐ŸŽ‰๐ŸŽ‰Big news for BTC enthusiasts! Gemini, the crypto exchange founded by the Winklevoss twins, has made a full recovery from its crypto lending arm's bankruptcy, marking one of the most successful industry recoveries to date.๐Ÿ’ช๐Ÿ’ช

Gemini announced that its Earn customers have received $2.18 billion of their digital assets in kind.๐Ÿค‘๐Ÿค‘ That means if you lent one bitcoin, you get one bitcoin back, along with any appreciation of your assets since you lent them.๐Ÿš€๐Ÿš€

The online crypto community is cheering for this victory, praising Gemini's leadership for stepping up after losing customer funds in Genesis Global.๐Ÿ‘๐Ÿ‘

Genesis and Gemini both collapsed in the fallout of FTX and Alameda Research in late 2022. However, Genesis has now received court approval to repay over $3.5 billion to its creditors, one of which was Gemini.๐Ÿ‘๐Ÿ‘

Gemini's recovery stands out against other fallen crypto firms in 2022, which have only managed to recover a fraction of their customers' assets. Gemini's repayment is $1 billion in excess of when it froze withdrawals, marking a 232% asset recovery in USD terms.๐Ÿ’ฐ๐Ÿ’ฐ

Gemini insists that the Genesis bankruptcy was not a crypto problem, but "old-fashioned financial fraud compounded by a lack of regulatory clarity."๐Ÿ”๐Ÿ”

In a nutshell, Gemini Earn has managed to recover 97% of customers' lost crypto. A huge win for the crypto industry!๐ŸŽŠ๐ŸŽŠ

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๐Ÿš€๐Ÿš€Buckle up, Bitcoin enthusiasts! The XRP Ledger (XRPL) is making some serious waves! ๐ŸŒŠ๐ŸŒŠ According to Messari's latest report, the network activity of XRPL has surged across nearly all metrics, with active addresses and transactions increasing by a whopping 37% and 113% quarter-over-quarter (QoQ), respectively. ๐Ÿ“ˆ๐Ÿ“ˆ This activity surge is largely due to a group of around 45,000 accounts, which collectively sent over 30 million transactions to a single account, primarily for inscription-related activities. ๐Ÿ“๐Ÿ“ Inscriptions, a transaction type that gained popularity on Bitcoin in early 2023, have since spread to other major networks, including XRPL, often causing significant activity spikes. ๐ŸŽ†๐ŸŽ† Despite the high transaction volumes, XRPL demonstrated resilience, handling over 80 transactions per second for an entire day without network issues. The total number of accounts rose by 150,000, a 3.1% increase to 5.15 million. ๐Ÿš€๐Ÿš€ Meanwhile, the total market cap of fungible tokens, referred to as Issued Currencies, fell by 16% QoQ to $142 million. Among the over 3,300 assets listed on the XRPL, Sologenic (SOLO) was the leading token, making up 42% of the total market cap. ๐Ÿ†๐Ÿ† Stablecoins and wrapped tokens are notably popular on XRPL when measured by the number of holders, in comparison to other tokens. Ripple's recent announcement to launch a USD-pegged stablecoin on both the XRPL and Ethereum could potentially trigger a significant liquidity event. ๐Ÿ’ฐ๐Ÿ’ฐ Stay tuned, Bitcoin fans! The crypto world is full of surprises! ๐ŸŽ‰๐ŸŽ‰
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