Gemini Files for IPO with SEC, Plans Nasdaq Listing

Gemini, the cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has submitted a public S-1 filing with the SEC for a planned IPO, with plans to list on the Nasdaq Global Select Market under the ticker GEMI. While details on share count and pricing remain undisclosed, major financial institutions like Goldman Sachs and Morgan Stanley are leading the offering. This follows a wave of crypto-related IPOs, including Circle and Bullish, as regulatory conditions improve under the Trump administration, highlighted by the recent GENIUS Act stablecoin bill.

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Justin Sun Sues Bloomberg Over Crypto Privacy Breach

Justin Sun, the founder of the Tron blockchain, has taken legal action against Bloomberg, claiming the media outlet violated confidentiality agreements by publishing detailed and allegedly inaccurate information about his crypto holdings in its Billionaires Index. Sun’s lawsuit, filed in Delaware federal court, seeks a temporary restraining order to prevent further disclosure, arguing that revealing exact token amounts could expose him to security risks like hacking and physical threats. Bloomberg, however, contends that the article was published before Sun’s filing and defends its right to report under the First Amendment, denying any breach of privacy or agreement. The case highlights growing tensions between media transparency and individual privacy in the crypto space.

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Gemini Expands Tokenized Stocks & Solana Staking in EU

Gemini, the digital assets exchange co-founded by Cameron and Tyler Winklevoss, has announced key updates to enhance its position in the crypto ecosystem. The platform has expanded its tokenized stock offerings for EU customers, adding 14 U.S. equities like Broadcom, Nike, and Starbucks. Additionally, Gemini launched Solana staking services through its custody arm, targeting institutional investors such as ETFs. These developments highlight Gemini’s strategy to merge traditional finance with digital assets while catering to both retail and institutional markets.

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Gemini Launches Tokenized MSTR Shares in EU via Arbitrum

Gemini, in partnership with Dinari, has launched tokenized MicroStrategy (MSTR) shares for European investors, allowing fractional ownership and 24/7 trading on the Arbitrum network. The tokens are fully backed by physical shares and comply with EU regulations under Malta’s financial authority. This move follows the SEC’s closure of a prolonged investigation into Gemini, which faced no legal action. The exchange is also preparing for a US IPO with Goldman Sachs and Citigroup, signaling broader ambitions. Despite past conflicts, such as tensions with the XRP community, Gemini aims to democratize access to US stocks through blockchain technology.

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Gemini Expands Crypto Offerings with New Features

Gemini, the regulated cryptocurrency exchange led by the Winklevoss twins, has introduced three key updates to enhance its platform. The exchange has upgraded its Bitcoin Credit Card rewards program, launched Solana staking through Gemini Custody, and added the Official Trump token (TRUMP) for trading. These moves highlight Gemini’s strategy to diversify its offerings while maintaining regulatory compliance and appealing to a broad investor base.

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Gemini Files Confidential IPO Draft as Circle’s Shares Soar

Gemini, the crypto exchange founded by the Winklevoss twins, has submitted a confidential draft registration for an IPO with the SEC. The filing comes amid favorable market conditions, with Circle’s recent NYSE debut serving as a catalyst. Circle’s shares (CRCL) skyrocketed after listing, hitting an all-time high of $123.52, signaling strong investor demand for crypto-related stocks. Analysts suggest that Circle’s performance could encourage more crypto firms, including Kraken, to pursue public listings. Gemini’s IPO timing reflects a strategic move to capitalize on the current equity market enthusiasm for digital asset companies.

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Cboe Files for First US Spot Tron ETF with Staking Rewards

Cboe BZX Exchange has submitted a proposed rule change to the SEC for listing the Canary Staked TRX ETF, which would be the first US-based spot Tron ETF offering staking rewards. The ETF, sponsored by Canary Capital, plans to stake TRX holdings through trusted providers, with rewards contributing to the fund’s NAV. The fund would track the CoinDesk TRX USD CCIX index, with shares created and redeemed in 10,000-share baskets. Cboe argues that TRX’s decentralized market structure and deep liquidity mitigate manipulation risks, similar to recent SEC approvals for Bitcoin and Ethereum ETFs. If approved, this ETF could pave the way for staking-enabled products on other delegated proof-of-stake networks like Solana and Polkadot. The SEC has not yet provided a decision timeline.

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Gemini Launches Crypto Derivatives in Europe with MiFID II Approval

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has received regulatory approval to offer crypto derivatives in Europe under the Markets in Financial Instruments Directive II (MiFID II). The Malta Financial Services Authority (MFSA) granted the license, allowing Gemini to provide perpetual futures and other derivatives to advanced users in the EU and European Economic Area (EEA). This move marks a significant expansion for Gemini in the regulated European crypto market, reinforcing its compliance-first approach. The exchange plans to commence operations soon, broadening access to crypto derivatives for institutional and retail traders.

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SEC Drops Legal Actions Against Gemini and Consensys in Crypto Regulation Shift

The SEC has decided not to pursue legal action against Gemini and ConsenSys, signaling a shift in crypto regulation under new leadership. After a 700-day investigation, Gemini’s case has been closed, while ConsenSys celebrated the dismissal of a securities enforcement case regarding MetaMask. Cameron Winklevoss criticized the SEC’s past actions, suggesting radical reforms to prevent agency overreach, including reimbursement for legal costs and public accountability for regulators involved in the crackdown on the crypto industry.

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SEC Closes Gemini Investigation as Winklevoss Criticizes Regulatory Actions on Crypto

Bitcoin continues to face challenges, with over $1 billion in outflows from ETFs in a single day, yet more than 98% of assets remain held long-term. Meanwhile, the SEC has closed its investigation into Gemini without pursuing enforcement, prompting co-founder Cameron Winklevoss to criticize the agency’s regulatory approach and propose reforms to prevent future overreach.Despite the downturn, Bitcoin’s resilience is noted, as analysts emphasize the cyclical nature of its market. The ongoing pressure on Bitcoin ETFs, including significant withdrawals from major funds like BlackRock’s IBIT, highlights the ongoing tension between traditional finance and the crypto sector.

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