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FintechPYMNTS · 28d ago

Arbitrator Finds Gemini Not Responsible for Earn Program Collapse

An arbitrator determined that Gemini Space Station bore no responsibility for its Earn lending program's collapse, finding insufficient evidence of customer misleading or inadequate due diligence on lending partner Genesis Global Capital. The ruling was issued August 12 following a filed claim against the cryptocurrency exchange.

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Tokenized deposits have been confirmed as legally equivalent to traditional deposits under Canadian banking law. The Office of the Superintendent of Financial Institutions made this determination on September 10, 2026, clarifying that digital ledger recording does not change a deposit's legal status.

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The Monetary Authority of Singapore is urging financial institutions to prepare for transformation driven by artificial intelligence, tokenization, and quantum computing. The central bank emphasizes that institutions must strengthen governance and cybersecurity as AI systems become increasingly autonomous.

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Perpetual futures contracts for gold and silver launched Thursday on Kalshi's platform following CFTC approval. These contracts represent the prediction-market operator's first perpetual futures offering outside of digital assets.

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