Market Overview - Bitcoin rose nearly 2.5% to trade at $111,000, while Ether gained over 0.5% to cross the $4,000 mark, indicating a recovery from last week's selloff [2][3] - The Salana Soul token, however, experienced a decline, dipping to $190 [2] Regulatory Developments - Former New York Governor Andrew Cuomo announced plans to position New York City as a crypto hub, including the establishment of a chief innovation officer role focused on emerging technologies [4][5] - The crypto advisory committee will aim to modernize regulations to protect consumers and foster responsible innovation [5] Company News - Coinbase faced access issues due to an Amazon Web Services outage but reported that user funds remained safe, with shares up 4.3% [6][7] - Gemini launched a new credit card that allows users to earn up to 4.5% back in the form of the Salana Soul token, alongside existing offerings that reward with Bitcoin and XRP [7][8] Product Features - The new Salana-focused credit card includes autostaking features, enabling customers to earn additional rewards [9][10] - Customers have responded positively to the credit card offerings, with a referral program allowing users to earn $50 for each successful referral [13][11] - The card has no annual fees or foreign transaction fees, making it appealing to new crypto users [17] Market Expansion - Gemini is expanding into Australia, indicating a strategic move to tap into growing markets in the region and Europe [18]

Investment bank KBW initiated coverage of Gemini Space Station (GEMI) with a market perform rating and a $27 price target, describing the crypto exchange as a well-rounded digital asset platform poised for long-term growth. Nevertheless, wrote analyst Bill Papanastasiou, Gemini for now remains unprofitable and discounted valuation to competitor Coinbase is warranted "as the impact fromexecution and market risk is elevated." KBW said Gemini’s ecosystem, spanning trading, custody, credit cards, staking, st ...

Crypto exchange Gemini pricing its IPO above an expected range. Gemini selling 15.2% million shares for $28 each, giving the company a valuation above $3 billion. The company listing at the NASDAQ and under the simple GMI.Join us right now first on CNBC. We're thrilled to have him back with us. Tyler and Cameron Winklevoss, co-founders of Gemini.And uh we've been talking about crypto together for so long. Uh, congratulations. This is uh quite quite the road.I when we first started talking about this, I want ...

Crypto exchange Gemini pricing its IPO above an expected range. Gemini selling 15.2% million shares for $28 each, giving the company a valuation above $3 billion. The company listing at the NASDAQ and under the simple GMI.Join us right now first on CNBC. We're thrilled to have him back with us. Tyler and Cameron Winklevoss, co-founders of Gemini.And uh we've been talking about crypto together for so long. Uh, congratulations. This is uh quite quite the road.I when we first started talking about this, I want ...