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Project Overview
Gemini is a digital asset exchange and custodial services company that enables users to buy, sell, and store cryptocurrencies.
Blockchain.com Plans to Raise $500 Million via IPO at Up to $6 Billion Valuation
Odaily News: Cryptocurrency exchange and wallet service provider Blockchain.com plans to raise approximately $500 million this year through an initial public offering (IPO), targeting a valuation of $4 billion to $6 billion, and may scale back the offering size if necessary to complete the listing.Blockchain.com reached a $14 billion valuation in 2022 and confidentially filed IPO registration documents with the U.S. Securities and Exchange Commission (SEC) in May of this year. Recently listed Gemini, BitGo, and eToro have seen their share prices drop approximately 50% to 80% from post-listing highs. (Cointelegraph)
Gate Ventures: Oil Breaks $100 as Inflation Exceeds Expectations, Risk Assets Under Broad Pressure
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
Morgan Stanley: Google Trades at 12% Premium, Meta at 30% Discount as Internet Giants' Valuations Polarize
According to Chaoxiang Research, a Morgan Stanley report dated August 25 noted that the internet sector declined by an average of 2% last week, with Meta down approximately 7%, Amazon down roughly 2%, and Google virtually flat. Current forward P/E ratios for 2026 stand at 19x for Amazon, 17x for Google, and 17x for Meta, reflecting discounts of 36%, a premium of 36%, and a discount of 24% relative to historical averages, respectively. On an EV/EBITDA basis, Amazon at 11.2x represents a 12% discount to its two-year average, Google at 15.1x implies an 8% premium, and Meta at 8.7x reflects a 30% discount. Morgan Stanley maintains an "Attractive" rating on the internet sector, highlighting that AI capabilities are emerging as a core variable driving valuation divergence. The sector's overall forward EV/EBITDA is 9% below the five-year average, while EV/Sales is 16% above it, underscoring a divergence between revenue and profit multiples. After reclassifying stock-based compensation as a cash expense, the adjusted EV/EBITDA for digital media rises by approximately 36% on average, e-commerce by 30%, and travel and the sharing economy by 44%. Upcoming catalysts include the launch of Google's Gemini 4, stabilization of Amazon Web Services (AWS) growth, progress in Meta's AI ad monetization, and shifts in the interest rate environment.
Morgan Stanley: Google TPU price raised to $27 billion per GW, cloud business to contribute half of profits by 2028
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
ARK Invest Exec Suggests Hyperliquid Acquire Gemini to Position as Compliant HIP-3/4 Deployer in the U.S.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.
AI architecture company Pathway completes $30 million seed funding round, with participation from Id4 Ventures and others
Odaily News: AI architecture development company Pathway has announced the completion of a $30 million seed funding round, with participation from Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment, the investment arm of Wilson Sonsini, among others. Databricks' Chief AI Scientist Jonathan Frankle has joined as an angel investor.Pathway is developing a Bio-inspired Dynamic Hierarchical architecture (BDH), a "post-Transformer" architecture designed to overcome the limitations of current Transformer models, which continue to rely on ever-increasing data, GPUs, energy, and capital expansion. Unlike traditional large models that require periodic retraining, BDH enables continuous learning and ongoing adaptation with significantly less data.The company also announced the appointment of Adam Kurzrok, former product lead for Google DeepMind's Gemini, as Chief Product Officer. He will oversee the product direction of BDH models, covering areas such as model packaging, evaluation systems, and commercial deployment. (Finsmes)
Gemini Co-founder: Zcash Hype Feels Like the 2019 Crypto Market
Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.
Gemini's market cap drops to $753 million, regulatory licenses may hold acquisition value
Odaily reports: Gemini's stock price has fallen about 80% from its listing-day debut, with its market cap dropping from a peak of approximately $4 billion to $753 million. Its trading volume, revenue, and platform assets have all declined.There are currently no signs of a takeover offer for Gemini. Its regulatory licenses, customer base, and custody infrastructure may hold acquisition value; Cameron and Tyler Winklevoss hold 94.5% of voting rights, and any sale would require their approval. (CoinDesk)
Gemini Market Cap Shrinks 80%, M&A Speculation Reignites
Gemini's stock price has fallen by approximately 80% since its IPO, with its market capitalization dropping from a peak of $4 billion to $753 million. As trading volumes contract, the value of its regulatory licenses and infrastructure has fueled market speculation about an acquisition, but the founder's absolute voting control presents practical hurdles to advancing any potential deal.
Gate Ventures: Oil Breaks $100 as Inflation Exceeds Expectations, Risk Assets Under Broad Pressure
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
"White-Haired Stock Guru" Serenity: The probability of OpenAI and Anthropic slowing down frontier AI R&D is essentially zero
Odaily reports: "White-Haired Stock Guru" Serenity posted on X platform, stating that in their view, the probability of Anthropic and OpenAI genuinely slowing down frontier AI development is "essentially zero," and that some regulatory measures pushed by leading AI companies are more likely aimed at raising competitive barriers to restrict the development of competitors.They stated that OpenAI and Anthropic will not voluntarily cede their lead to competitors like Gemini, xAI, and Meta, and that given all countries are continuously advancing AI technology development, it would be very difficult for the United States to meaningfully slow down frontier AI R&D. Currently, all parties are still competing for scarce resources such as storage and AI chips. They believe that demand for AI-related infrastructure will remain strong, and rebutted the view that AI-related stocks such as Nvidia (NVDA), TSMC (TSM), and Micron (MU) will experience significant declines as a result.Previously, Anthropic CEO Dario Amodei published a long article stating that the AI industry must slow down the pace of improving model capabilities, but this does not mean stopping model training or technological progress — rather, it means ensuring companies have enough time for model alignment and safety safeguards. OpenAI founder Sam Altman expressed agreement, saying "we need to control the progress of frontier models," and stated that OpenAI will also consider giving independent evaluators access similar to that of employees.
Gemini Secures Major Payment Institution License in Singapore, Covering Digital Payment Tokens and Cross-Border Transfer Services
Odaily reports: Cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token and cross-border transfer services.The license supports Gemini in offering spot trading, custody, and over-the-counter (OTC) services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020.Gemini co-founder and President Cameron Winklevoss stated that obtaining the license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss said Singapore will serve as the company's regional strategic hub. (Bitcoin.com News)
POAP founder transfers 4,000 ETH to Gemini, still holds 55,000 ETH
According to on-chain analyst Ember (@EmberCN), @worthalter, founder of POAP (@poapxyz), transferred 4,000 ETH (approximately $10.79 million) to the exchange Gemini eight hours ago, likely as a position reduction. He currently holds 54,967 ETH, worth approximately $149 million.
Two whale addresses withdrew 5,195 ETH from exchanges, of which 2,695 have been staked.
According to Lookonchain monitoring, a newly created wallet withdrew 2,695 ETH from Gemini 5 hours ago, valued at approximately $6.94 million, and staked it all. Another address withdrew 2,500 ETH from Binance after 9 months of dormancy, valued at approximately $6.02 million. The two addresses combined to withdraw 5,195 ETH, totaling approximately $12.96 million.
Gate Ventures: Oil Breaks $100 as Inflation Exceeds Expectations, Risk Assets Under Broad Pressure
Odaily News: According to Gate Ventures' latest weekly report, last week's escalation of geopolitical conflicts in the Middle East combined with U.S. core inflation exceeding expectations significantly heightened global market volatility. Brent crude and WTI crude surged 8.33% and 9.36% respectively, returning above $100 per barrel; U.S. August core CPI rose 0.29% month-over-month, higher than expected, pushing the 10-year Treasury yield to 4.97%, with market-implied probability of a September rate hike rising to approximately 86%; spot gold fell 1.82% to $4,349.42 per ounce. U.S. stock indices — the S&P 500, Nasdaq, and Dow Jones — declined 0.80%, 0.66%, and 1.57% respectively; the crypto market weakened in tandem, with BTC and ETH dropping 4.4% and 1.5% respectively. Spot BTC ETFs saw net outflows of $462.7 million, while ETH ETFs recorded net inflows of $197.1 million. The fear index dropped from 71 to 57, indicating a cooling of market sentiment.On the industry front, India launched a $107 million tokenized corporate bond pilot program, further advancing institutional-grade RWA tokenization; Gemini obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore, further expanding its regulatory footprint in the Asia-Pacific region; and the Philippine central bank plans to suspend new payment system operator registrations for 12 months, tightening oversight of VASP-related payment activities.On the funding side, a total of 9 financing deals were completed last week, with disclosed total funding reaching $158.4 million, down 88% quarter-over-quarter. Overall, energy prices and inflation expectations remain the core variables driving short-term market trends, while interest in tokenized assets and institutional-grade crypto infrastructure development remains undiminished.
Gemini posts loss for fourth consecutive quarter, net loss of $107.7 million in the second quarter
Bloomberg reported that crypto trading platform Gemini Space Station Inc. announced that following its listing last year, the company has recorded losses for the fourth consecutive quarter. The net loss for the second quarter was $107.7 million, equivalent to a loss of $0.89 per share, higher than the average expectation of analysts surveyed by Bloomberg; the net loss for the same period last year was $133 million. Revenue for the same period increased by 37% year-on-year to $45.5 million, exceeding market expectations.
Loss of $19.8 Million: A Whale Moves 1,770 BTC After Nearly 2 Years of Inactivity
: According to Onchain Lens monitoring, a whale transferred approximately 1,770 Bitcoin, worth about $112 million, after remaining dormant for nearly 2 years, incurring a loss of roughly $19.8 million. The position was valued at approximately $132 million when received from Gemini. Among these, 114 Bitcoin, worth about $7.23 million, were transferred to Kraken, possibly for sale; 1,650 Bitcoin, worth approximately $10.491 million, were transferred to a new wallet.
研究人员设虚假加密初创公司"Ballena Azul"诱捕疑似朝鲜 IT 工人，成功提取关键情报
据 Cointelegraph 报道，网络安全公司 BCA LTD 创始人 Mauro Eldritch与 Telefónica Tech 网络威胁情报分析师 Heiner García 联合搭建虚假加密初创公司"Ballena Azul"，成功诱使疑似朝鲜 IT 工人在受控虚拟桌面环境中工作长达五周，并全程监控其行为。 调查显示，相关工人使用的外部服务器与此前分发 InvisibleFerret、BeaverTail及 OtterCookie 等恶意软件的朝鲜网络行动基础设施存在关联；工人还大量依赖 ChatGPT 辅助编程、Google Gemini 伪造身份文件。研究人员指出，朝鲜 IT 工人通过伪造美国身份获取远程工作，所得薪资最终流向平壤政权的大规模杀伤性武器项目，美国财政部数据显示，此类计划 2024 年为朝鲜创收近 8 亿美元。
U.S. Department of Justice Prosecutes Group in $240 Million Bitcoin Theft Case, Ringleader Expected to Plead Guilty
According to the Associated Press, the U.S. Department of Justice has charged Ma Long Ram and 17 other defendants in connection with a Bitcoin theft scheme valued at over $240 million. Prosecutors allege that the group carried out a social engineering attack on a Washington resident by impersonating employees of Google and cryptocurrency exchange Gemini, thereby gaining control of their accounts and security codes to steal more than 4,100 Bitcoin. The suspects subsequently laundered the proceeds through multiple trading platforms and spent the money on sports cars, mansions, luxury watches, private jet services, and nightclub expenses.
Tornado Cash founder Roman Storm questions DOJ logic, says Google and OpenAI should also be held accountable
Odaily News, Tornado Cash founder Roman Storm stated that if the logic behind the U.S. Department of Justice's (DOJ) case against him holds, tech companies Google and OpenAI should also be held liable for North Korean hackers abusing their products. Those involved reportedly used ChatGPT to write code and Google Gemini for forgery and image manipulation. Storm was convicted in August 2025 of conspiracy to operate an unlicensed money-transmitting business. He pointed out that the Tornado Cash case could set a legal precedent where software developers are penalized for criminal acts committed by users, emphasizing that criminals should be held accountable rather than the developers of tools. The CLARITY Act for digital asset markets is intended to provide protections for software developers by distinguishing developer liability from the potential misuse of protocols for illegal activities. However, although a final motion for consideration of the bill has been scheduled for a vote, its current chances of passage remain low. (Bitcoin News)
Google Gemini Spark Agent Globally Available, Can Book Flights and Organize Inbox
Google made the Gemini Spark agent available to most users globally on July 31. Integrated with the Chrome browser, the agent can use saved account passwords upon user authorization to perform web operations on behalf of the user, such as searching for flights, booking tickets, and checking saved listings. It can also organize inboxes, summarize emails, and unsubscribe from services. Spark provides two security mechanisms: it defends against prompt injection attacks and hands over sensitive operations such as payments to the user to complete. This marks a new development in Google's implementation of browser AI agents.
California Man Sentenced to 70 Months in Federal Prison for Money Laundering for “Crypto Kids” Criminal Organization
According to the LA Times, Evan Tangeman, a 22-year-old resident of California, was sentenced to 70 months in federal prison followed by three years of supervised release for laundering at least $3.5 million for the “Crypto Kids” criminal organization. The group carried out social engineering scams by impersonating employees of cryptocurrency exchanges such as Coinbase and Gemini, stealing over $263 million worth of digital assets. The illicit proceeds were used to purchase luxury vehicles, lease high-end residences, and fund extravagant spending. In addition to handling money laundering, Tangeman assisted group members in leasing luxury homes and instructed co-defendants to destroy digital devices after other members were arrested. Federal agents seized a Rolls-Royce Ghost and a Porsche GT3 RS from his residence.
Gemini Co-founder: Zcash Hype Feels Like the 2019 Crypto Market
Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.
Gemini Switches Zcash Software Ahead of NU7 Upgrade's 25-Second Block Times
Odaily News: Cryptocurrency exchange Gemini has switched its Zcash system operating software from Zebra to Zakura, reducing the time required for nodes to catch up with the network state from nearly a day to just over 6 hours.The switch was made ahead of Zcash's planned NU7 upgrade. The upgrade aims to reduce block times from 75 seconds to 25 seconds, requiring network computers to process transactions at three times the previous frequency.Developers aim to implement the mainnet upgrade on November 5, but Gemini has not yet published performance test results for Zakura under the faster block production frequency. (CoinDesk)
Google will launch its first space-based AI computing experimental satellite on October 1, equipped with four TPUs running Gemini.
According to TechStartups, Google plans to launch the first experimental satellite for Project Suncatcher on October 1 to test the feasibility of operating AI computing infrastructure in space. Approximately the size of a refrigerator, the satellite will carry four Google TPUs to run Gemini workloads in low Earth orbit hundreds of miles above Earth. It will be deployed on the Transporter-18 mission aboard a SpaceX Falcon 9 rocket. Partnering with satellite company Planet, Google will deploy AI hardware on an existing satellite platform, advancing the first in-orbit hardware test originally scheduled for 2027 by several months. The satellite's solar array is expected to provide approximately 1 kilowatt of power. Due to thermal dissipation limitations in space, the TPUs can currently run Gemini workloads for only about 15 minutes per session before requiring a pause to allow the thermal management system to recover. Google has previously conducted vibration and radiation testing on the Trillium TPU, and plans to explore building large-scale space-based AI computing clusters in the future using solar-powered satellites, TPUs, and high-speed optical communications.
B. AI Responses API Major Upgrade, Fully Compatible with Upstream Standard Protocols
B.AI announced a major upgrade to its Responses API, now fully compatible with upstream standard protocols. Existing models on the platform can be uniformly accessed via the /v1/responses endpoint, provided the upstream supports the Responses API. Furthermore, any new models from already-integrated vendors added by B.AI will automatically achieve seamless compatibility within the Codex client without requiring additional configuration from developers. This update expands support in the official API full-access tier to include the MiMo, Qwen, and Hunyuan model series, while the Mix and OL Station custom-provider discounted tier now adds support for the OpenAI, Gemini, and Grok model series. By simply completing a minimal configuration of the API Key and Base URL, developers can seamlessly integrate the capabilities of major models into their daily workflows.
Google DeepMind Releases Gemini 3.8 Flash TTS and Flash-Lite TTS Speech Models
Google DeepMind has released two text-to-speech models, Gemini 3.8 Flash TTS and Gemini 3.8 Flash-Lite TTS. According to the official description, the new models support designing voices from scratch using natural language prompts or cloning them with a 30-second sample. They also provide line-by-line performance guidance, long-form audio generation, and dual-speaker scenario orchestration, covering more than 100 languages.
X launches Cashtag Partner Program in the U.S., adding a "Trade" option to Cashtags
X has announced the launch of the X Cashtag Partner Program in the United States, adding a "Trade" entry point to Cashtags. After users click on a supported stock, ETF, or cryptocurrency Cashtag, they can view asset price charts and related posts, and via "Trade" be redirected to partner brokerages to complete transactions. The first batch of partner brokerages includes Interactive Brokers, Moomoo, Gemini, Kraken, and Coinbase.
Related news
POAP founder transfers 4,000 ETH to Gemini, still holds 55,000 ETH
According to on-chain analyst Ember (@EmberCN), @worthalter, founder of POAP (@poapxyz), transferred 4,000 ETH (approximately $10.79 million) to the exchange Gemini eight hours ago, likely as a position reduction. He currently holds 54,967 ETH, worth approximately $149 million.
Patricio Worthalter deposited 4,000 ETH worth $10.79 million to Gemini
According to Lookonchain monitoring, 8 hours ago, Patricio Worthalter (@worthalter) deposited 4,000 ETH worth $10.79 million to Gemini.
Sold approximately $10.76 million in assets, VanEck ETF wallet sells BTC and ETH through Gemini
Odaily report: According to Onchain Lens monitoring, VanEck's ETF wallet sold approximately $10.76 million in assets through Gemini, including 45.41 BTC, worth about $3.84 million; and 2,570 ETH, worth about $6.91 million.
Gemini Co-founder: Zcash Hype Feels Like the 2019 Crypto Market
Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.
Gemini Switches Zcash Software Ahead of NU7 Upgrade's 25-Second Block Times
Odaily News: Cryptocurrency exchange Gemini has switched its Zcash system operating software from Zebra to Zakura, reducing the time required for nodes to catch up with the network state from nearly a day to just over 6 hours.The switch was made ahead of Zcash's planned NU7 upgrade. The upgrade aims to reduce block times from 75 seconds to 25 seconds, requiring network computers to process transactions at three times the previous frequency.Developers aim to implement the mainnet upgrade on November 5, but Gemini has not yet published performance test results for Zakura under the faster block production frequency. (CoinDesk)
Blockchain.com Plans to Raise $500 Million via IPO at Up to $6 Billion Valuation
Odaily News: Cryptocurrency exchange and wallet service provider Blockchain.com plans to raise approximately $500 million this year through an initial public offering (IPO), targeting a valuation of $4 billion to $6 billion, and may scale back the offering size if necessary to complete the listing.Blockchain.com reached a $14 billion valuation in 2022 and confidentially filed IPO registration documents with the U.S. Securities and Exchange Commission (SEC) in May of this year. Recently listed Gemini, BitGo, and eToro have seen their share prices drop approximately 50% to 80% from post-listing highs. (Cointelegraph)