Gemini Space Station：跌破发行价，单日跌12.8%，市值29亿

Group 1 - Gemini Space Station's stock price fell below its IPO price of $28, closing at $24.53, a decline of 12.8%, with a market capitalization of $2.9 billion [1] - The company went public on September 12, experiencing an initial surge before facing continuous pressure [1] - Competitor Coinbase's stock also declined by 2.2%, while Bitcoin prices dropped nearly 1% [1] Group 2 - The Federal Reserve announced a 25 basis point interest rate cut, marking its first reduction of the year, with expectations for further cuts [1] - Fed Chairman Jerome Powell cited a weak labor market as a key reason for the rate cut [1] - Gemini was founded in 2014 by the Winklevoss twins and manages over $21 billion in assets, with a diverse business model [1] Group 3 - In 2021, Gemini's valuation reached $7.1 billion, and it raised $50 million in private equity before its NASDAQ IPO [1] - SEC filings revealed that Gemini's Chief Legal Officer and Chief Operating Officer reported multiple instances of insider trading [1]