Figure Technologies began trading on Nasdaq under ticker ‘FIGR’ after raising $787.5 million through its IPO, with shares priced at $25 each—above the initial target range. The company, which uses blockchain technology to streamline lending processes, achieved a valuation of $5.29 billion. Figure is the largest non-bank provider of home equity financing, having originated $16 billion in home loans since 2018. Its tokenized HELOC loans represent $12.5 billion in market capitalization, making them larger than many established cryptocurrencies. The IPO was led by Goldman Sachs and BofA Securities, with Figure itself raising $587 million from the offering.
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CryptoNews Article 
October 25, 2025 | 11:33
October 25, 2025 | 11:33
CryptoNews Article October 25, 2025 | 01:39
October 25, 2025 | 01:39
Winklevoss
2 posts last week
CFTC Nominee Reveals Texts with Winklevoss Twins
Brian Quintenz, nominated by former President Trump to chair the CFTC, has published text exchanges with Gemini co-founders Cameron and Tyler Winklevoss from July. The messages show the Winklevoss brothers seeking assurances about enforcement actions and criticizing the CFTC’s handling of their $5 million settlement case. Quintenz stated he released the texts over concerns that Trump ‘might have been misled’ about his nomination qualifications. The exchange reveals tensions between crypto executives and regulators, with Tyler Winklevoss accusing the CFTC of abusing ‘deliberative process privilege’ and preventing fair defense in court. This development highlights the ongoing scrutiny of regulatory practices in the cryptocurrency space.
read moreGemini Raises IPO Price Range to $26, Targets $3.2B Valuation
Gemini has raised its IPO price target from $17-19 to $24-26 per share, increasing its potential valuation to approximately $3.2 billion and maximum raise to $435 million. The exchange secured a $50 million investment from Nasdaq, representing significant institutional backing ahead of its public debut under ticker GEMI. The IPO occurs amid renewed investor appetite for digital asset companies but faces regulatory complications following allegations that Tyler Winklevoss attempted to influence CFTC chair nominee Brian Quintenz regarding an ongoing dispute with the regulator. Text messages released by Quintenz show Winklevoss expressing frustration over what he called ‘selective enforcement’ by the CFTC, creating additional scrutiny just days before the market debut.
read moreGemini IPO Targets $3B Valuation with Higher Pricing
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has raised its initial public offering price range from $17–$19 to $24–$26 per share ahead of its Friday debut. The adjustment increases the company’s targeted valuation to over $3 billion and aims to raise approximately $433 million, up from the initially sought $317 million. Despite the higher per-share pricing, the number of shares offered remains unchanged at 16.67 million. The updated prospectus, filed with the SEC on Tuesday, underscores growing investor interest in crypto-focused companies as traditional markets increasingly embrace digital asset ventures.
read moreGemini IPO: Nasdaq Backs Winklevoss Exchange in $317M Offering
Gemini is set to go public this week in a deal that could raise $317 million, with Nasdaq investing $50 million and forming a strategic partnership. The collaboration will provide Nasdaq’s institutional clients access to Gemini’s custody and staking products, while Gemini customers gain use of Nasdaq’s Calypso platform for collateral management. Despite reporting a net loss of $282.5 million in the first half of 2025, Gemini holds $21 billion in client assets and has processed over $285 billion in trading volume. This IPO marks a significant moment for crypto-Wall Street integration, making Gemini the third publicly traded crypto exchange after Coinbase and Bullish.
read moreNasdaq Invests $50M in Gemini’s $317M IPO
Cryptocurrency exchange Gemini has secured Nasdaq as a strategic investor in its $317 million initial public offering, with the stock exchange giant purchasing $50 million in shares through a private placement. The investment is part of a broader partnership that will provide Nasdaq access to Gemini’s cryptocurrency custody and staking services. Founded by the Winklevoss twins, Gemini is moving forward with its IPO debut on Nasdaq, creating a unique synergy between the traditional exchange and the crypto platform. This development represents a significant milestone in the convergence of traditional finance and digital assets, highlighting institutional confidence in regulated crypto services.
read moreGemini Secures MiCA License in Malta for EU Expansion
Gemini cryptocurrency exchange has received a Markets in Crypto-Assets Regulation (MiCA) license from the Malta Financial Services Authority, as confirmed by official records. This regulatory milestone enables Gemini to expand its services throughout the European Union under the comprehensive MiCA framework. The approval represents a significant step in Gemini’s European growth strategy and follows the exchange’s recent derivatives approval in Malta. This development underscores Malta’s continued role as a crypto-friendly jurisdiction while ensuring compliance with upcoming EU-wide cryptocurrency regulations set to fully implement in 2024.
read moreWinklevoss Twins Donate $21M Bitcoin to Pro-Trump Crypto PAC
Gemini co-founders Cameron and Tyler Winklevoss have contributed 188.4547 BTC (worth ~$21.5 million) to establish the Digital Freedom Fund, a pro-crypto political action committee with openly partisan goals. Unlike major crypto super PACs like Fairshake, which maintain a nonpartisan facade, the Winklevoss twins explicitly stated their PAC will work to defeat Democrats, support Republicans, and champion Donald Trump’s crypto agenda in the 2026 midterm elections. Key policy objectives include passing a lightly regulated crypto market structure bill, banning a U.S. central bank digital currency (CBDC), and protecting software developers from legal liability. The brothers argue that Democratic control of Congress would threaten Trump’s pro-crypto policies, making electoral opposition necessary to secure what they call an ‘American Golden Age’ for the industry.
read moreWinklevoss Twins Donate $21M in Bitcoin to Crypto PAC
The Winklevoss twins have launched the Digital Freedom Fund PAC with a $21 million Bitcoin donation to influence the 2026 midterm elections. The PAC will support candidates who advocate for Trump’s crypto agenda, particularly in races that could determine congressional control. Key policy priorities include a ‘Skinny Market Structure Bill’ featuring a Bitcoin Bill of Rights, software developer protections similar to Section 230, opposition to CBDCs, and support for regulatory initiatives like the SEC’s ‘Project Crypto’. The organization aims to prevent regulatory overreach while ensuring accessible banking protections and promoting open banking frameworks that accommodate crypto innovation.
read moreGemini Files for Nasdaq IPO Under Ticker GEMI
Gemini, the cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, has submitted an SEC filing to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI. Established in 2014, Gemini offers a regulated crypto exchange, custody services, and blockchain-based products like the Gemini Dollar (GUSD) stablecoin and a crypto-rewards credit card. The IPO, led by major banks including Goldman Sachs and Morgan Stanley, will be the first public trading of Gemini’s shares, though the pricing range remains undisclosed. The filing highlights the company’s increasing losses as it prepares for its market debut.
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