Core Insights - Crypto exchange Gemini has gone public, with shares spiking 45% at the NASDAQ debut, priced at $28 per share, above the expected range of $24 to $26 [3] - Tether is launching a new token for US institutions, named USAT, which will be regulated under the Genius Act, highlighting Tether's efforts to strengthen its position in the US market [6][7] - Franklin Templeton has partnered with Binance to develop digital asset products, aiming to leverage blockchain technology for efficiencies in settlement and portfolio management [8][9][18] Group 1: Gemini's IPO - Gemini's shares surged 45% upon trading on NASDAQ, with the IPO priced at $28, exceeding the anticipated range [3] - The founders, the Winklevoss twins, expressed their commitment to retain their equity stake and project Bitcoin could reach $1 million in the next decade [4] - The IPO reflects a trend of crypto firms going public amid a more favorable regulatory environment [5] Group 2: Tether's New Token - Tether announced the launch of USAT, a new token specifically for US institutions, regulated under the Genius Act [6] - This token aims to cater to businesses operating within the US regulatory framework, differentiating it from Tether's global stablecoin USDT [7] - Tether appointed Bo Hines as CEO of its US business, indicating a strategic move to enhance its presence in the US market [7] Group 3: Franklin Templeton and Binance Partnership - Franklin Templeton is collaborating with Binance to create digital asset products, focusing on tokenization and efficiency in financial operations [8][9] - The partnership is part of a broader trend of traditional financial institutions engaging with crypto firms to attract new customers and expand service offerings [19][21] - Franklin Templeton aims to integrate blockchain technology into capital markets, leveraging Binance's extensive user base for new product distribution [12][18]

Company Overview - Gemini debuted on the Nasdaq with a valuation of approximately $4.4 billion, with shares opening at $37.01, a 32% increase from the IPO price of $28, initially giving the company a valuation of $3.32 billion [1][2] - The company raised $425 million through its IPO, which was significantly oversubscribed, with Wall Street giants Goldman Sachs and Cantor Fitzgerald serving as lead bookrunners [2] IPO Details - Gemini initially targeted a share price range of $17 to $19 across 16.6 million shares, reserving 10% of the offering for a "directed share program" for select parties [3] - The IPO marks Gemini as the 10th major crypto firm to enter public markets in the U.S. this year, following a trend that gained momentum after Circle's IPO in June [6] Founders' Background - Co-founders Cameron and Tyler Winklevoss were inspired by Bitcoin in 2012 and established Gemini to help mainstream cryptocurrency [4]

Strategic Partnership & Expertise - Securitize's Co-founder Jamie Finn joins @Sei_FND as Strategic Advisor [1] - Jamie Finn helped Securitize scale to over $4 billion in assets tokenized [1] - Jamie Finn's expertise includes BlackRock's BUIDL, the largest tokenized U S Treasury fund [1] Sei Network Positioning - Sei aims to be the preferred settlement layer for Real World Assets (RWAs) and institutional use cases [1] - Sei is positioned as the definitive chain for building institutional products in DeFi [1] Market Advantage - Markets move faster on Sei [2]

Live for FOMO HOUR talking markets, SOL SZN, tokenization, memes rallying + a lot morehttps://t.co/PDdUt6u9pk ...

Core Viewpoint - Gemini, the crypto exchange founded by the Winklevoss twins, is set to begin trading with an IPO price of $28 per share, indicating strong market interest and a potential for significant first-day gains [2][3]. Group 1: IPO Details - The IPO price of $28 per share is above the previously expected range of $24 to $26, suggesting strong demand [2]. - Gemini sold 15.1 million Class A shares, raising a total of $425 million [2]. - The company is expected to have a market value of approximately $3.3 billion following its public debut [3]. Group 2: Market Demand and Investment - There was a $50 million private placement investment from Nasdaq, indicating confidence in Gemini's market potential [2]. - Demand for Gemini's shares was reported to be more than 20 times higher than the available shares, reflecting strong investor interest [2]. Group 3: Company Overview - Gemini operates one of the well-known crypto exchanges in the U.S. and offers a credit card with crypto rewards and a stablecoin [4]. - Although Gemini's trading volumes are significantly lower than those of Coinbase, the company sees growth potential in tokenization and card payments [4].

RT BNB Chain (@BNBCHAIN)RWAs are moving onchain faster than ever. Billions in Treasuries, credit, metals & more are already trading across blockchains.So where is tokenization going from pilots to production?Let’s look at the RWA landscape on BNB Chain 🧵👇 https://t.co/QNwl0HPhe6 ...

RT The DeFi Investor 🔎 (@TheDeFinvestor)The amount of money deposited in tokenized funds on Ethereum is up 20x since Jan. 2024.Ethereum has become the go-to blockchain for tokenization. https://t.co/Tv7tZvYCrk ...

Morning Minute: BlackRock Wants To Tokenize Its ETFs► https://t.co/fN2Yf5DQeJ https://t.co/fN2Yf5DQeJ ...

Core Insights - The Acuiti management report provides an analysis of the proprietary trading sector, focusing on operational performance, strategic exchange relationships, and the growth of new markets in 2025 [1] 24/7 Trading Debate - There is a divided sentiment among proprietary traders regarding the shift to 24/7 trading, with 37% expressing optimism and 38% holding a negative view [2][5] - Support for 24/7 trading is stronger in the US compared to Europe, with nearly 60% citing the ability to respond to news at any time as a key benefit [3] Concerns and Challenges - Over 80% of respondents highlight staffing and operational demands as significant concerns, along with infrastructure costs and complex risk management [4] - The first half of 2025 faced challenges such as tariff-related volatility, hiring difficulties for staff with trading and AI expertise, and rising exchange fees [9] Performance Overview - More than 80% of firms reported better results in H1 2025 compared to H1 2024, with nearly 90% performing better than in a typical year [10] - Key profit sources included equities, crypto, and listed interest rates, with Asia, South America, and North America identified as regions with the most opportunities [10] Market Trends - There is growing interest in listed FX options, with support for a shift from OTC to listed venues due to standardization and reduced counterparty risk [11] - The report notes liquidity issues in CME agricultural contracts, but only 5% of respondents described them as significant [13] Exchange Growth - The Avelacom Exchange Growth Index ranked several exchanges as the fastest-growing venues, with new contracts attracting significant activity [15] Strategic Insights from Kraken - Kraken's Head of Exchange outlined plans to expand into equities, tokenized assets, and derivatives, emphasizing tokenization for collateral efficiency and the MiCA framework as a regulatory model [16]

UK trade groups have urged the UK Business Secretary to include blockchain collaboration in the upcoming UK–US Tech Bridge agreement. In a letter, they emphasized the strategic importance of stablecoins and tokenization for both economies. They warned that excluding digital assets could marginalize the UK in future financial standard-setting. https://t.co/4wcG1QWnVe ...