Gemini announced its IPO plan to offer 16,666,667 Class A shares at $17–$19 each, aiming to list on Nasdaq under the symbol “GEMI.” Goldman Sachs and Citigroup lead the offering, with Morgan Stanley and Cantor also participating.https://t.co/fqd9YpJ7uX ...

Citigroup's strategists recommended adding to bets that longer-term US bonds will underperform and the dollar will decline due to the risk that President Donald Trump will undermine the Fed’s political independence https://t.co/NqzB0iVqq5 ...

The gap between palladium and silver prices in the US and international benchmarks is too slim, given the risk of tariffs on critical minerals, Citigroup analysts said https://t.co/AiQFRBmE6b ...

Market Overview - The tech sector experienced a significant decline, with the Nasdaq Composite dropping by 2.5% and the S&P 500 by 1.2% due to profit-taking and high valuations concerns [1] - Federal Reserve Chairman Jerome Powell's remarks on potential interest rate cuts led to a recovery in major indices, with the S&P 500 and Dow Jones Industrial Average ending the week higher, the latter reaching an all-time high [3] Company-Specific Insights - Palantir's stock reached a record high of $190 following strong Q2 earnings, but an overheated P/E ratio of 193 caused investor retreat [2] - Nvidia is expected to report significant year-over-year growth in Q2, with EPS projected to rise by 47% and revenue by 53%, driven by demand for their Blackwell Ultra chip [4] - Concerns regarding Nvidia's revenue from China have emerged, with potential exclusion of direct revenue due to pending license approvals and evolving export controls [5] Retail Sector Performance - TJX Companies reported better-than-expected Q2 results, benefiting from lower tariff exposure and value-seeking consumers [6] - Ross Stores also exceeded EPS expectations and provided positive guidance for Q3 [7] - Specialty and apparel retailers face challenges, with Citi downgrading Abercrombie & Fitch, Gap, and Urban Outfitters due to tariff risks and inventory management issues [9] Upcoming Earnings - A total of 1,383 companies are set to report earnings next week, with 79% of companies in the universe having reported thus far [10] - The next earnings season will begin on October 14, featuring major banks like JPMorgan, Citigroup, and Wells Fargo [10]

Core Viewpoint - The article discusses the potential of Gemini, a cryptocurrency exchange, to replicate the wealth creation seen in the industry, especially in light of its upcoming IPO and the recent success of other digital currency companies in the U.S. stock market [3][12]. Company Overview - Gemini was founded in 2014 by Tyler and Cameron Winklevoss, who became billionaires through early investments in Bitcoin and have a notable history linked to Facebook [4][5]. - The company aims to be the most compliant cryptocurrency exchange, having obtained a trust license from the New York State Department of Financial Services in 2015, allowing it to operate legally in New York [6]. Business Performance - As of June 30, 2025, Gemini serves approximately 523,000 monthly transacting users (MTU) and around 10,000 institutions, with total assets exceeding $18 billion and cumulative trading volume surpassing $285 billion [7]. - In 2023, Gemini reported revenues of $98.14 million, which increased to $142 million in 2024, but saw a decline to $68.61 million in the first half of 2025, a 7.6% decrease year-over-year [9]. Financial Challenges - The company has faced increasing losses, with net losses of $320 million in 2023, $159 million in 2024, and $282 million in the first half of 2025 [10]. - Rising operational costs, including an increase in employee count from 500 in 2024 to 650 in 2025, have contributed to the financial strain, with personnel costs accounting for 40% of total expenses [11]. Market Environment - The IPO wave among cryptocurrency exchanges reflects a favorable market trend, with regulatory environments becoming more predictable under the current administration [15]. - Despite the positive regulatory shifts, competition is intensifying from both established exchanges like Coinbase and Bullish, as well as traditional financial institutions entering the crypto space [16]. Future Prospects - Gemini's upcoming IPO is expected to raise over $400 million, with plans to use the funds for debt repayment and business development, emphasizing compliance and global expansion [16]. - The company is also adapting to the regulatory landscape by splitting its operations into two entities to better manage compliance challenges [16].

We have been studying the tokenization market because I do think that this is probably one of the biggest things happening around crypto and it probably will be the biggest thing happening around crypto for the coming years. We already know at this stage at this point trillions is the goal, right. And it's not even me just selling you guys trillions for clicks.I'm not going to come on here and say, "Oh yeah, you know, tokenization will be 100 trillion plus because you know you guys watch that content." No, ...

Today, Bitcoin continues its retreat from its new all-time high. Wall Street groups join consumer advocates to ask for a revision to the Genius Act. And ArchInvest's David Pwell weighs in on what's driving crypto prices amid increased interest in crypto treasury strategies. Welcome to CBC's Crypto World. I'm Brandon Gomez. Cryptocurrencies moving lower as we head into the weekend. As of noon Eastern, Bitcoin continued its retreat from its all-time high, now trading at the $117,000 level. Ether fell to the $ ...

Citigroup has been working on a long-shot bid to put together a deal that it says would help Ukraine fund its reconstruction — part of a push by the Wall Street giant to secure its place in one of the biggest financing opportunities of the coming years. https://t.co/8BNdxh0ldT ...

The Morning Minute (8.15)Powered by @yeet⏰ Top News:-Crypto majors red on the day, BTC dominance rebounds; BTC at $119k-ETH ETFs see another top 5 day, outpace BTC 3.3:1 over past 5 sessions-David Bailey’s Nakamoto completers merger to launch $700M+ BTC DAT-Citigroup considers getting into crypto custody, eyes stables and BTC+ETH-Yeet confirms 40% of its airdrop will go to community🌎 Macro Crypto and Memes-Crypto majors were red on the day; BTC -2% at $119,100, ETH -2% at $4,630, XRP -3% at $3.10, SOL -4% a ...

📰 #AscendEX Daily Updates🔷Solana plans to implement a major consensus upgrade for 150ms block finality, with the related proposal already initiated in the governance process.🔷Bullish holds 24,000 BTC, ranking among the top five Bitcoin reserves in listed companies.🔷Citigroup is exploring offering stablecoin transfer custodianship and instant payment services.#AscendEX #Crypto #CryptoNews ...