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Gemini Space Station, the crypto exchange founded by Tyler and Cameron Winklevoss, surged 14% on its Nasdaq debut yesterday after its IPO raised $425 million. GEMI shares briefly traded above $40 to give Gemini a valuation of $4.75 billion, before paring gains to close at $32 with a valuation of about $3.8 billion. Incredibly proud to be part of the amazing @Gemini team! Today’s IPO launch at @Nasdaq was an unforgettable experience. pic.twitter.com/EL6hY8e2W9 — Nathan Ignoffo (@IgNoffs) September 13, 2025 Gemini surged on opening to trade at $37.01, with early extreme volatility halting trading for ten minutes.  GEMI price chart (Source: Yahoo Finance )   Gemini’s Debut Mirrors The Performance Of Other Crypto IPOs The volatility seen during Gemini’s debut trading day mirrors the first trading sessions of other crypto listings this year. USD Coin (USDC) stablecoin issuer Circle also saw its share price go parabolic shortly after its publi...

1. Trump’s New Round of Comprehensive Reciprocal Tariffs and Plans to Appoint a16z Crypto Policy Director as CFTC Chair 1.1 Trump’s New Round of Comprehensive Reciprocal Tariffs link Donald Trump announced on Thursday a new round of comprehensive reciprocal tariffs to match the higher tariffs imposed by other countries on US imports. These tariffs are likely to hit developing countries the hardest, especially India, Brazil, Vietnam and other Southeast Asian and African countries, because the tariff rates these countries impose on US imports differ the most from those imposed by the United States. For example, World Bank data shows that in 2022, the average US tariff rate on Indian imports was 3%, while India’s average tariff rate on US imports was 9.5%. 1.2 Trump Plans to Appoint Brian Quintenz, a16z Crypto Policy Director, as CFTC Chair link According to Fox Business journalist Eleanor Terrett, citing three people familiar with the matter, Trump has selected Brian Quintenz, the policy...

Today, Polymer Labs secured $23 million in funding for its Series A round to help develop a modular layer 2 network .  The layer 2 network utilizes the Cosmos SDK’s Inter-Blockchain Communication (IBC) protocol, OP stack’s settlement features, and Eigenlayer’s data availability layer. Founders Bo Du and Peter Kim, who have been involved in the blockchain industry, shifted their focus to this project in the summer of 2021, aiming to improve blockchain interoperability. We've co-led the Series A of @Polymer_Labs! Polymer is establishing the next generation of the internet by scaling IBC interoperability to all blockchain s. More on our thesis by @yuan_han_li and @h_joshua_rivera. ↓https://t.co/82S4PovTTV — Blockchain Capital (@blockchaincap) January 23, 2024 You might also like: Religious leaders face fraud charges over crypto scheme Originally, Polymer Labs aimed to develop an entirely new interoperability protocol similar to several general message...