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]

Today, Bitcoin rises after the latest inflation read boosts hopes the Fed is about to cut rates. Blockchain lending company Figure Technologies goes public. And Kyle Sani of Multicoin Capital discusses the firm's more than $1.5% billion deal to create a Salana Treasury company.Welcome to CNBC's Crypto World. I'm Brandon Gomez. Crypto markets climbing along with stocks as traders hope the latest reading of a key consumer inflation gauge won't interfere with the Fed lowering rates next week.As of noon Eastern ...