Riichard_D.eth

Valar Dohearis… #Bitcoin, #Ethereum, #Polygon, & #Fantom. Get yourself $10 of Bitcoin.

[Riichard_D.eth @RiichXO]

Compra la inmersión…

[Altcoin Daily @AltcoinDaily]

You don't have the guts to tweet, "Buy the dip".

[GeminiTrustCo @GeminiTrustCo]

Earn Update: Today, we are pleased to announce that initial Earn distributions — approximately 97% of the digital assets owed to you as of the suspension date (November 16, 2022) — are now available in your Gemini account.

Collectively, Earn users are receiving $2.18 billion of their digital assets in kind. These initial distributions represent:

• 97% of digital assets owed to you
• $1 billion more than when Genesis halted withdrawals
• A 232% recovery from when Genesis halted withdrawals

The initial distributions are in kind, meaning that if you lent one bitcoin in the Earn program, you will receive one bitcoin back. And it means that you will receive any and all increase in the value of your assets since you lent them into the Earn program.

You can expect to receive your remaining asset balance within the next 12 months.

Read our full update at https://t.co/89HTYDRuHR

[Riichard_D.eth @RiichXO]

@RothwellFighter @SonySantaMonica ⚔️ Ben you won the fight before the bell rang, your walk out is LEGENDARY ⚔️

[Riichard_D.eth @RiichXO]

@FiteTV @RothwellFighter @arielhelwani @Grabaka_Hitman @jimmysmithmma @morningkombat @dsmooth210 @RealSavageGent @HappyPunch @MMAJunkie @AndyMc81 Ben I can tell you were ready for war!

[Riichard_D.eth @RiichXO]

@GuyTalksFinance @sooschreiber Robinhood’s new card looks interesting,

[Riichard_D.eth @RiichXO]

@GrindeOptions Stox

[Riichard_D.eth @RiichXO]

@chutneylife 🤝

[Riichard_D.eth @RiichXO]

@DecadeInvestor Not enough

[GeminiTrustCo @GeminiTrustCo]

Earn Update: Genesis asked the Bankruptcy Court to approve the “settlement in principle” announced on February 28, 2024, which provides for a global settlement with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in all Earn users receiving 100% of their digital assets back in kind — approximately 97% in the near term and then the remainder as recoveries are received from Digital Currency Group, Inc. (DCG).

As a reminder, this settlement means, for example, that if you had lent one bitcoin in the Earn program (as of November 16, 2022 — the date Genesis suspended redemptions), you will receive one bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program. If approved, we will be returning over $2 billion in value (at today’s prices) — $900 million more than when Genesis halted withdrawals.

Read our full update at https://t.co/89HTYDRuHR

[Ankr @ankr]

We are thrilled to announce that our Bitcoin RPC endpoints are live 🎉

Start building on #bitcoin & develop the future of the OG blockchain.

[GeminiTrustCo @GeminiTrustCo]

Earn Update: Today, we are pleased to announce that we have finally reached a settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in all Earn users receiving 100% of their digital assets back in kind.

This means, for example, that if you had lent one bitcoin in the Earn program, you will receive one bitcoin back as part of this settlement. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program. If approved, we will be returning over $1.8 billion in value (at today’s prices) — $700 million more than when Genesis halted withdrawals on November 16, 2022.

Looking forward, if the Bankruptcy Court approves the settlement in principle announced today, Earn users can expect to receive approximately 97% of their assets in kind within about two months. And they can expect to receive their remaining asset balance within the next 12 months.

The settlement in principle is subject to definitive documentation. The required Bankruptcy Court process could take as long as two months to complete, and we will keep Earn users informed along the way. Gemini thanks the New York Department of Financial Services (DFS) for its role in this settlement, which delivers a coin-for-coin recovery for Earn users.

Read our full update at https://t.co/89HTYDRuHR

[Vijay Boyapati @real_vijay]

1/ A tale of two bankruptcies, separated by a decade, and the two men who caused them. One of them with a conscience, and the other without one (@barrysilbert).

Time for a thread 🧵

[GeminiTrustCo @GeminiTrustCo]

Earn Update: On February 14, Judge Lane approved Genesis’s Motion Authorizing Sale of Trust Assets. Pursuant to the bankruptcy court’s order approving the motion, Gemini is authorized to begin monetization of the Initial Collateral (30,905,782 shares of GBTC) it holds for the benefit of Earn users. This is an important step that will facilitate in-kind distributions to Earn users (i.e., the return to Earn users of the specific digital assets they loaned rather than an equivalent value in dollars or an alternative cryptocurrency).

Read our full update at https://t.co/89HTYDRuHR

[Riichard_D.eth @RiichXO]

@Blind__Luck Run, 3-4 miles 3 times a week.

[CryptoEquality @crypto_equality]

NYAG settled w Genesis today
Docket 1275 in Kroll
Recovery goes to Victims' Fund

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

Translation:

Genesis wants court approval to sell its holdings in various Grayscale trusts: Bitcoin Trust (GBTC), Ethereum Trust (ETHE), and Ethereum Classic Trust (ETCG).

Gemini seeks permission to sell the "Initial Collateral" (30,905,782 shares of GBTC) held for Earn users.

Proceeds from these sales would be used to distribute funds back to Earn users, but only after a bankruptcy plan is confirmed.

Genesis requested an expedited hearing on the motion for February 8th, 2024.

This is an important step in potentially regaining funds for users of Gemini's Earn program.

[Riichard_D.eth @RiichXO]

@TngBchThng1 @TheFigen_ What movie is that?

[Vijay Boyapati @real_vijay]

1/ On January 5th, 2024, @DCGco (and @BarrySilbert) triumphantly announced it had *finally* paid off a loan due in May 2023 to its child company Genesis (now in bankruptcy).

This announcement follows a pattern of deception used by Barry and DCG for over a year.

Thread time 🧵

[Riichard_D.eth @RiichXO]

@ramahluwalia I agree with your analysis, and cannot thank you enough for your time and patience in this matter. As you can see this entire case is going to be classified as an historic event. I’ll be voting Yes, knowing that the NYAG & SEC are continuing to pursue the bad actors at play.

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

11/ It's hard to see how Voting No produces a materially different plan.

The same actors are at the table.

DCG, which I believe is influencing Genesis, won't budge now that Grayscale is throwing off loads of cashflow.

They will entrench and litigate / fight.

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

10/ I expect Earn will be made whole ultimately both thru this process and the action Gemini is pursuing against DCG.

And don't forget the NYAG and the SEC are on this as well.

So long as Digital Assets hold up in value, I expect Earn will be made whole.