Core Viewpoint - Gemini Space Station's stock price has declined significantly, falling below its IPO price shortly after its market debut, indicating potential challenges in the current market environment [1] Company Summary - Gemini Space Station (GEMI.US) saw its stock price drop to $24.53, a 12.8% decrease in a single day, with a current market capitalization of $2.9 billion [1] - The company was founded in 2014 by Cameron and Tyler Winklevoss and manages assets exceeding $21 billion, offering services such as cryptocurrency exchange, stablecoins, staking, digital asset custody, and crypto rewards credit cards [1] - In 2021, Gemini achieved a valuation of $7.1 billion through financing [1] Industry Summary - The stock price decline of Gemini coincides with a broader downturn in the market, as evidenced by a 2.2% drop in Coinbase (COIN.US) and nearly a 1% decrease in Bitcoin prices [1] - The S&P 500 and Nasdaq 100 indices also experienced declines, reflecting a challenging environment for tech stocks [1] - The Federal Reserve announced a 25 basis point interest rate cut, the first of the year, amid signs of a weakening job market, which may influence market conditions further [1]