Cryptocurrency
Bankrupt Genesis Global Resolves SEC’s Earn Lawsuit

Crypto lender Genesis Global has settled with the U.S. Securities and Exchange Commission (SEC) in a lawsuit related to its bankrupt Gemini Earn lending program.
As part of the deal, Genesis has agreed to pay a $21 million civil penalty, contingent upon the full repayment of customers during its ongoing bankruptcy proceedings.
Genesis Agrees to $21 Million Settlement
The agreement, filed in U.S. Bankruptcy Court in Manhattan on Wednesday evening, allows Genesis to evade the expenses and uncertainties associated with defending itself against the SEC’s allegations of illegally selling securities.
While Genesis did not admit or deny wrongdoing in the settlement, the resolution will enable the company to focus on repaying customers and other creditors during its bankruptcy proceedings. The deal stipulates that the $21 million fine will only be enforced if Genesis successfully fulfills its financial obligations to creditors.
To expedite the resolution and streamline the bankruptcy process, Genesis is pushing forward with a liquidation plan that aims to repay customers in cash or cryptocurrency, depending on the types of currency deposited in the Earn program. The company will seek court approval of its bankruptcy plan on February 14.
The settlement agreement is pending approval by a bankruptcy judge and, if successful, will mark a significant step in resolving the legal challenges surrounding the Gemini Earn program.
Genesis Faces Potential Industry Ban
The SEC lawsuit against Genesis was initiated just before Genesis sought bankruptcy protection in January 2023. The legal dispute revolved around Genesis and Gemini Trust, jointly overseeing the Gemini Earn program.
Launched in December 2020, the program allowed Gemini customers to lend their crypto assets to Genesis, earning interest and amassing billions in crypto assets from investors.
Allegations from the SEC accused both companies of illegally selling securities to hundreds of thousands of investors through the program. The collaboration stopped during a crypto market downturn in November 2023, leading to legal proceedings between Genesis, Gemini, and Genesis’s parent company, Digital Currency Group (DCG).
Meanwhile, Genesis, Gemini, and DCG are facing a parallel enforcement action initiated by New York Attorney General Letitia James. The Attorney General seeks to ban these companies from the financial investment industry in New York while obtaining restitution for affected investors and securing the disgorgement of ill-gotten gains.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Cryptocurrency
Unsuspecting Elderly Widow Loses $281K in a Romance Scam: The Dark Side of Crypto

In an effort to curb the misuse of cryptocurrency ATMs, Australian authorities have identified 90 individuals, many of them scam victims or unwitting money mules, following a months-long investigation led by AUSTRAC’s cryptocurrency taskforce.
The operation was conducted in collaboration with federal and state law enforcement agencies and marks a significant step in understanding how crypto ATMs are being co-opted to facilitate fraud and the laundering of illicit funds.
Widow Scammed Out of $281K in Crypto ATM Scam
According to the official press release, the investigation targeted users with unusually high volumes of transactions, drawing from ATM data across all Australian states. Analysts found that many of the top users were not orchestrating criminal schemes, but rather had been manipulated into them.
In a particularly distressing case, a woman in her 70s lost over $281,000 after falling prey to romance and investment scams, and repeatedly deposited cash into crypto ATMs under false promises. Another victim, also a woman in her 70s, was conned out of more than $130,000 after engaging with what she believed was a legitimate investment platform.
AUSTRAC CEO Brendan Thomas said the findings were more alarming than expected. He added:
“It’s hard to hear these stories, but now we have a better picture of the harms being perpetrated through crypto ATMs, we are better placed to take action, including working with the industry to harden the sector against criminal misuse.”
In response, AUSTRAC recently introduced minimum operational standards for crypto ATM providers. This includes a $5,000 limit on cash transactions, mandatory scam alerts, and improved customer verification and transaction monitoring protocols. These regulatory changes aim to tackle the exploitation of the machines by fraudsters and reduce opportunities for laundering proceeds from criminal activity.
The operation was coordinated by NSW Police and supported by the Australia-New Zealand Crypto Practitioners Working Group (ANZCPWG). Meanwhile, the Australian Federal Police’s cybercrime coordination unit (JPC3) is also launching a national awareness campaign to educate the public about the risks of using crypto ATMs under coercion or misleading advice.
Older Australians Most Affected by Crypto Scams
Crypto scams in Australia have been increasing at a disturbing rate. More precisely, crypto ATMs, which are now more than 1,600 nationwide, are increasingly being misused by fraudsters who target vulnerable citizens.
Over $3 million was lost to cryptocurrency ATM scams in the country between January 2024 and January 2025. Experts are warning that the real figure could be far higher. According to a report cited by the Australian Federal Police (AFP), 150 scam cases were reported, mostly involving investment fraud, extortion, and romance scams, with victims losing over $20,000 on average. Nearly half of those affected were aged over 51.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
30% Surge for Dogecoin? Here’s What Needs to Happen (Analyst)

TL;DR
- The meme coin mania seems to have faded despite a few brief moments of hope, and the niche’s leader has failed to recapture its momentum and investors’ attention.
- However, there’s a chance for a massive double-digit surge, but only under certain conditions, according to popular crypto analyst Ali Martinez.
If Dogecoin $DOGE can reclaim $0.17 — and with the TD Sequential buy signal now present on the 3-day chart — it could unlock a rebound toward $0.21. pic.twitter.com/BkVgxNdihW
— Ali (@ali_charts) June 28, 2025
To embark on its 30% journey north, the largest meme coin by market cap first needs to reclaim the $0.17 resistance. This doesn’t sound like such a major hurdle, given its current price tag of $0.164.
The second part of the equation involves the TD Sequential, which is a metric often used to determine the underlying asset’s market exhaustion in either direction.
The indicator has presented a buy signal on DOGE’s 3-Day chart. Consequently, Martinez concluded that both of these factors could result in a price pump to $0.21.
This would be a breath of fresh air for Dogecoin, which has struggled quite a lot since early 2025. In the past month alone, its price has tumbled by over 21%.
Despite this rather unfavorable market movement lately, some industry participants have remained highly bullish on DOGE’s future price trajectory. JAVON MARKS, known for his bullish statements on several crypto assets, believes the OG meme coin still has a chance to post a mind-blowing surge that can take it to the stratosphere, based on historic performance.
All we’re saying is that if $DOGE continues to follow its trend as it did consecutively in the past two cycles with its runs growing in size, then we are looking at Dogecoin’s prices doing a more than 120X from here into the $20 levels.
Take a look… pic.twitter.com/OkxGfzUeBp
— JAVON⚡️MARKS (@JavonTM1) June 26, 2025
Such a price tag sounds just a bit far-fetched at the moment. History is no indication for future price movements, and $20 per DOGE would mean a whopping market cap of roughly $3 trillion, which would make it a lot bigger than BTC.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Ripple’s Legal Fight Nears End: Is the $10K XRP Dream Possible?

Ripple has just announced that it will drop its cross-appeal against the SEC, signaling the end of a years-long legal siege.
CEO Brad Garlinghouse declared: “We’re closing this chapter once and for all.” With the SEC expected to reciprocate, XRP surged by 5% at one point to $2.2.
But beneath the modest green candle lies a tidal wave of speculation. The question everyone’s whispering, tweeting, and meme-posting about: Could XRP really hit $10,000?
The $10K Obsession
There have been more modest predictions, such as those of social media personality Jake Gagain, who recently calculated that a 50x surge, as touted by Carl Moon, would catapult XRP to $106.50.
Influencers like Lucy Bear have called such projections “conservative,” with Casi Trades boldly stating:
“If you think XRP can’t reach double digits, you don’t understand crypto!”
What about the $10,000 promised land? If the XRP Army is to be believed, this number isn’t plucked from some random crypto casino. Apparently, it traces back to elusive Ripple co-founder and XRPL architect Arthur Britto, who is said to have envisioned a future where XRP would serve as the global liquidity backbone for all payments.
According to enthusiasts, Britto believed that for XRP to fulfil its destiny, it would need to hit a staggering $10,000 per token. And while many have scoffed at such moonshot valuations, diehards seem to be doubling down.
In a recent episode of The Rollup podcast, former NEAR engineer Altan Tutar described the XRP fraternity’s $10,000 conviction as almost religious, saying, “I’ve never seen anything like this in any other community.”
While not directly adding his name to the believers’ list, Tutar acknowledged the rationale behind the conviction, comparing XRP’s potential rise to Bitcoin’s own journey to an all-time high price of $111,814.
“If Bitcoin went to $100K, then why not XRP to $10,000?” he asked.
But Here’s the Reality Check
A $10,000 XRP price implies a market cap of $590 trillion, dwarfing the entire global economy. Even Gagain’s $106 price means a $6.28 trillion valuation, more than double Bitcoin’s peak market cap.
It’s probably why Rollup host Andy bluntly dismissed $10,000 as pure fantasy, stating, “XRP is not going to $10,000… $10 is already a stretch.”
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- World3 years ago
Why are modern video games an art form?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions