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Cyprus Airports Surpass 13 Million Passengers in Unprecedented Growth

Record Milestone in Passenger Traffic

Cyprus’ aviation sector has reached a historic milestone, with passenger numbers exceeding 13 million since January. Hermes Airports, the island’s leading airport operator, confirmed that this surge in traffic marks the highest volume ever recorded, a testament to the rapid expansion of the region’s air links.

Strategic Expansion And Global Connectivity

The operator detailed that this achievement is the result of sustained collaboration between Hermes Airports, tourism operators, and government stakeholders. The current figures span 160 routes operated by 60 airlines across 41 countries, effectively broadening Cyprus’ accessibility and global footprint.

Future Outlook And Continued Growth

Hermes Airports emphasized that every milestone transcends mere numbers, reflecting a deliberate strategy aimed at achieving year-round connectivity and establishing direct links with key international cities. The company expressed its gratitude to its airline partners, tourism stakeholders, and the travelers whose continued support has driven this historic performance.

This solid performance is a clear indicator of strategic foresight and robust planning within Cyprus’s aviation sector, setting a benchmark for future growth and connectivity in the region.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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