Core Insights - Gemini Space Station operates as a leading cryptocurrency exchange and custodian platform, facilitating the buying, selling, storing, and trading of digital assets like Bitcoin and Ethereum, while also offering advanced features such as derivatives trading and NFT services [1][2] Group 1: Company Overview - Established in 2014, Gemini Space Station is headquartered in New York City, USA [2] - The platform serves approximately 523,000 monthly transacting users and 10,000 institutions across more than 60 countries, holding money transmission licenses in all 50 U.S. states [1] Group 2: Stock Performance - Gemini Space Station trades near $14, with a 52-week range of $9.67 to $45.89, reflecting a significant decline of over 60% from its post-IPO highs [3] - Despite a recent jump of more than 19% over the last five days, the stock has dramatically underperformed compared to the broader U.S. equity market [3] Group 3: Financial Results - For Q3 FY2025, Gemini Space Station reported revenue of about $49.8–$50.6 million, more than doubling year over year and approximately 50%+ sequentially, slightly exceeding analyst expectations [4] - The company posted a GAAP net loss of $159.5 million, resulting in an EPS of $6.67, which was significantly worse than the consensus loss of around $3.2 per share, indicating a sizable negative earnings surprise [4] Group 4: Operating Performance - Net revenue increased by about 52% quarter-over-quarter, driven by higher trading volumes and the rapid adoption of its crypto credit card [5] - Operating expenses rose to roughly $171 million, more than doubling year over year due to IPO-related stock-based compensation and investments in marketing and technology, leading to negative operating and net margins [5]

HTX Approved for Pakistan Crypto Exchange Registration 🇵🇰We’re now one of the first global exchanges to secure an official license in Pakistan — unlocking access to a rapidly growing market of 250M+ people. What’s coming next:✅PKR deposits & withdrawals launching soon✅Full compliance with local regulatory standards✅A seamless trading experience built for PakistanPakistan, we’re just getting started.https://t.co/3IJBgNOOkU ...

Solana (CRYPTO: SOL) is all set for a 10% rebound after Coinbase Global Inc. (NASDAQ:COIN) announced a major upgrade allowing users to trade all Solana-based tokens through a decentralized exchange interface inside the Coinbase app.Coinbase Expands Access To Solana's Token EcosystemSpeaking at Solana's Breakpoint 2025 conference in Abu Dhabi, Coinbase detailed a new system that lets users buy and sell any asset issued on Solana directly through DEX rails without requiring an official exchange listing. The c ...

🚨 🚨 🚨 553 #BTC (51,500,971 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/wp1skoZBwT ...

塞舌尔维多利亚, Dec. 09, 2025 (GLOBE NEWSWIRE) -- 全球最大的全景交易所 (UEX) Bitget 今日公布其 2025 年 10 月保护基金报告。数据显示，尽管数字资产市场经历充满挑战的一个月，但 Bitget 保护基金当月平均估值仍达到 741,435,710 美元。 该基金的估值于 10 月 6 日达到当月最高值，为 811,031,000 美元；于 10 月 17 日达到当月最低值，为 691,886,000 美元。即使在当月加密货币出现整体价格下跌的背景下仍保持了稳定。 今年 10 月被称为加密货币行业波动最剧烈的月份之一，主要资产面临大幅回调，并呈现出剧烈震荡态势。 在这样的背景下，Bitget 于 2022 年设立的保护基金（初始承诺资金为 3 亿美元）继续展现出强韧性与透明度。 该基金的十月平均估值仍较初始配置高出 147%，再次印证了该全景交易所有能力在不可预测的环境下保障用户资产的安全性。 该保护基金提供了一个可独立验证的安全保障机制，旨在保障用户免受异常市场事件的影响。 基金估值依据当前市场状况及持仓情况每日更新，确保用户能随时全面掌握可用的保障额度 ...

Core Insights - Bybit and Circle have formed a strategic partnership to enhance USDC services across Bybit's platform, focusing on liquidity in spot and derivatives markets, and improving fiat-to-crypto on/off-ramps [1] - The partnership aims to facilitate easier access to USDC for both retail and institutional users, as stated by Circle's CEO Jeremy Allaire [2] Group 1: Partnership Details - The collaboration will enhance USDC liquidity and expand its integration into Bybit services such as Bybit Card, Bybit Earn, and Bybit Savings [1] - The partnership is timely as Circle reported a significant increase in USDC circulation, reaching $73.7 billion at the end of Q3 2025, a 108% year-over-year growth [2] Group 2: Financial Performance - Circle's total revenue and reserve income for the quarter was reported at $740 million, reflecting a 66% year-over-year increase, with adjusted EBITDA of $166 million, up 78% from the previous year [3] - Despite a downturn in the broader cryptocurrency market, stablecoin issuers like Circle continued to mint new coins, with approximately 20 million new coins backed by fiat reserves [3] Group 3: Market Context - The stablecoin market, including Circle, has shown resilience despite the overall market dip, although analysts have raised concerns about the long-term stability of the sector due to the underperformance of Bitcoin and Ethereum [4] - Recent downgrades of Tether's rating by S&P have sparked discussions about the stability of stablecoins, with Tether's CEO dismissing the rating as unfounded [4][5]

Regulatory Compliance and Relocation - Binance is shifting its global operations from the Cayman Islands to Abu Dhabi Global Market (ADGM) [1][2] - The shift follows receiving full authorization from the FSRA (Financial Services Regulatory Authority) [1] - The relocation is expected to be completed by January 5, 2026 [1] Operational Structure in ADGM - Binance services will be provided through three licensed ADGM entities [1] - These entities include Nest Exchange Services Limited (trading platform), Nest Clearing and Custody Limited (clearing and custody), and Nest Trading Limited (brokerage and OTC services) [1]

Binance will shift its global operations to Abu Dhabi Global Market (ADGM) after receiving full FSRA authorization. Starting January 5, 2026, Binance services will be provided through three licensed ADGM entities: Nest Exchange Services Limited (trading platform), Nest Clearing and Custody Limited (clearing and custody), and Nest Trading Limited (brokerage and OTC services).Wu Blockchain previously reported that in 2022, then–Binance spokesperson Patrick Hillmann had said the exchange’s main entity was regi ...

Coinbase has reopened user registration in India and plans to launch a fiat on-ramp in 2026, allowing users to deposit funds and buy cryptocurrencies directly. The exchange previously entered the Indian market in 2022 but suspended operations due to UPI payment restrictions and fully exited in 2023. https://t.co/RMmYfH9JcZ ...

Industry Collaboration - Major banks are collaborating with Coinbase on stablecoin, custody, and trading pilot programs [1]