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LINK $9.77 -5.27%
HYPE $41.84 -9.13%
AAVE $89.15 -8.05%
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XLM $0.1510 -5.44%
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din

After receiving $100 million in funding, Gemini's pre-market increase exceeded 25%, but it still reported a loss of $109 million in Q1

According to CoinDesk, after the cryptocurrency trading platform Gemini, founded by the Winklevoss brothers, announced its Q1 2026 financial report, its stock price rose over 25% in pre-market trading. The financial report showed that the company's revenue for the quarter increased by 42% year-on-year to $50.3 million, while the net loss narrowed by 27% year-on-year to $109 million, but still exceeded market expectations of a loss of $0.61 per share.The report indicated that Gemini's operating expenses increased by 73% year-on-year to $144.5 million, with employee compensation costs rising by 91%, which included approximately $6.5 million in severance pay; sales and marketing expenses also doubled year-on-year to $19.1 million.The company stated that it is currently driving its business transformation through layoffs, business contraction, and a $100 million Bitcoin injection from Winklevoss Capital Fund, and is seeking to achieve profitability.In February of this year, Gemini closed its operations in the UK, EU, and Australia, laying off about 25% of its staff, and shifted its focus to the U.S. market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for its Derivatives Clearing Organization (DCO) license, officially entering the cryptocurrency prediction market field. Boosted by these developments, the company's stock price has recently rebounded and is now above $6.6.

Bitget AI trading ecosystem users exceed 1 million, with a total trading volume reaching 1.2 billion USD

Bitget announced the launch of a new Bitget AI landing page, further showcasing its product layout for the AI trading ecosystem. Data shows that the number of users in the Bitget AI ecosystem has surpassed 1 million, with a cumulative trading volume of 1.2 billion USD, and it has supported over 58 trading tools, covering core scenarios such as market analysis, trading assistance, strategy building, and automated workflows.Under the UEX multi-asset trading framework, Bitget AI has become a key layout for the platform to deeply embed intelligent systems into trading scenarios, and it is an important step towards evolving into a native intelligent agent exchange. The core products of this ecosystem include the no-install AI agent GetClaw, which provides real-time market insights; the AI assistant GetAgent, used for strategy execution and automated trading; and the developer platform Agent Hub, which offers open API interfaces and model integration capabilities. Together, these three components build a complete closed-loop process of "insight---strategy---execution," providing users with seamless intelligent trading services.Bitget CEO Gracy Chen revealed that the next phase will gradually introduce new features, including the AI Trading Playbooks currently in internal testing, to enhance the integrated AI trading infrastructure from strategy creation, backtesting, deployment to distribution.

OpenAI may consider taking legal action against Apple regarding the integration of ChatGPT into Siri

According to Fortune, OpenAI is considering legal action against Apple due to dissatisfaction with the use and commercialization of ChatGPT after its integration into Siri. They believe that the collaboration has not effectively driven user conversion to ChatGPT's paid subscription, which may involve a breach of contractual expectations.Reports indicate that the two parties initially reached an agreement about two years ago, with Apple enhancing Siri's ability to handle complex questions by integrating ChatGPT, while OpenAI expanded user reach through Apple's ecosystem. However, OpenAI has expressed "disappointment" with the current presentation and traffic-driving effect of ChatGPT within Siri.It is reported that OpenAI's legal team has collaborated with external law firms to evaluate various response options, including potential litigation. Meanwhile, the relationship has become strained, and Apple is exploring further collaboration possibilities with OpenAI's competitors.Analysts believe that the core of the dispute lies in the commercial ownership and traffic distribution issues after AI capabilities are embedded in the platform, specifically whether "functionality is embedded but does not lead to subscription conversion" constitutes a substantial breach of commercial terms. Currently, neither party has publicly responded to the litigation matters.
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