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Gemini Surges 14% On Nasdaq Debut, Hitting $3.8B Valuation After Raising $425M

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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...

Crypto Exchange Gemini Secures $50 Million Funding From Nasdaq Ahead Of IPO

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Crypto exchange Gemini, founded by billionaires Cameron and Tyler Winklevoss, has secured Nasdaq as both a listing partner and an investor ahead of the company’s proposed initial public offering (IPO). Gemini aims to debut on the Nasdaq this Friday under the ticker “GEMI,” a timeline that is still dependent on market conditions, according to a Reuters report that cited sources familiar with the matter. Nasdaq will buy $50 million worth of the crypto exchange’s shares in a private placement at the time of the IPO, which aims to raise more than $300 million. That’s after Gemini said last week that it plans to selling 16,666,667 shares of its Class A common stock at between $17 and $19 per share. The exchange will also grant underwriters a 30-day option to buy an additional 2,396,348 shares.  The exchange’s arrangement with Nasdaq will extend to giving Nasdaq’s clients access to Gemini’s custody and staking services.  Meanwhil...

The battle of SEC and crypto companies: 2023 outline

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The SEC has initiated legal actions against multiple crypto entities to address potential violations of securities laws and protect investors. As the deadlines for some of them draw near, let’s recall which are expected to end. Gary Gensler’s SEC has taken legal actions against countless crypto -focused business entities to ensure compliance with its securities laws, aiming to bring the tokens of these projects under its securities umbrella. The SEC claims its actions protect investors from falling victim to potential fraud. US regulator aims to foster stability in the crypto currency industry by enforcing compliance and cracking down on deceptive behavior. However, market participants see the regulator’s efforts as harsh and draconian.  You might also like: Mark Cuban calls for simplified SEC crypto regulations SEC vs. Ripple The SEC filed a lawsuit against Ripple Labs and its current and previous CEOs in 2020, alleging they held an initial public offering (IPO) of ...

Total crypto market cap closes in on $1T right as Bitcoin price moves toward $20K

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Crypto traders chase after neutral-to-bullish options as Bitcoin price targets $20,000 and the total crypto market cap surges above $900 billion. The total cryptocurrency market capitalization reached its highest level in over two months on Jan. 13 after breaking above the $900 billion mark on Jan. 12. While the 15.5% year-to-date gain sounds promising, the level is still 50% below the $1.88 trillion crypto market cap seen before the Terra-Luna ecosystem collapsed in April 2022. Crypto markets total capitalization, USD. Source: TradingView “Hopeful skepticism” is probably the best description of most investors' sentiment at the moment, especially after the recent struggles of recapturing a $1 trillion market capitalization in early November. That rally to $1 trillion was followed by a 27.6% correction in three days and it invalidated any bullish momentum that traders might have expected. Bitcoin (BTC) has gained 15.7% year-to-date, but a different scenario has emerged for altcoin...