BeInCrypto28d agobearish
Gemini Stock Leads Crypto IPO Losses With 89% Drop From Its DebutRecent crypto IPOs left debut buyers down up to 89%, while Kraken, Grayscale and others delayed their planned listings.
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Simply Wall St.79d agobearish
Gemini Space Station (GEMI) Is Up 11.6% After Winklevoss Funding Amid IPO Lawsuits and PivotEarlier this week, Gemini Space Station, Inc. reported first-quarter 2026 revenue of US$50.27 million, a net loss of US$108.98 million, and secured a US$100 million investment from Winklevoss Capital Fund amid multiple securities class action lawsuits over its IPO disclosures and business pivot. The combination of stronger sales, fresh founder-backed funding, and litigation over Gemini’s shift from its core crypto exchange toward prediction markets highlights a company undergoing significant...
GuruFocus.com90d agobearish
AI Layoffs Hit Crypto And Payments As Block Cuts 50%Block, Coinbase, PayPal, Crypto.com, and others are tying job cuts to AI as investors question real efficiency gains.