Daily Update: VanEck indicates slowdown in Bitcoin long-term holder selling as positive signal, Gemini faces investor lawsuit, and additional insights

VanEck has reported a decrease in Bitcoin long-term holder selling, indicating less distribution pressure and suggesting a potentially constructive trend for the crypto market. The decline points to steadiness among seasoned investors.

Gemini is facing a class action lawsuit for allegedly misinforming investors regarding its strategic shift after the IPO, which resulted in substantial financial losses. In other news, Morgan Stanley is advancing its Bitcoin ETF application successfully.

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