gemi

According to Cointelegraph, the cryptocurrency exchange Gemini has partnered with Elon Musk's xAI to launch a new feature in its prediction market called "Command Center," powered by Grok.This feature can automatically recommend personalized markets based on users' holdings, watchlists, and prediction history, covering areas such as cryptocurrency, sports, commodities, politics, economics, and culture.Currently, Gemini's prediction market business is still relatively small, with revenue of $400,000 in the first quarter of this year and approximately 20,000 users, far below leading platforms like Kalshi and Polymarket.

Crypto journalist Eleanor Terrett posted on the X platform that, according to private messages made public last year by Brian Quintenz, a former CFTC chair nominee appointed by Trump, he previously refused to comment on enforcement actions related to Gemini before formally confirming the chair position.Eleanor Terrett stated that, at present, current CFTC chair Caroline Pham has aligned her position with the Winklevoss brothers, believing that the CFTC should not have sued Gemini from the beginning.She further indicated that whether to revoke the relevant consent order will be decided by a judge in the Southern District of New York. A legal expert stated that this move constitutes a "highly unusual step."

The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

The B.AI platform announces that after the API side has completed the integration, Gemini 3.5 Flash is now officially available to platform Web Chat users. As Google's next-generation high-performance model, Gemini 3.5 Flash achieves high-speed and stable performance comparable to leading models at a lower cost, while demonstrating stronger capabilities in code understanding, complex task handling, and agent application scenarios, providing users with an efficient and smooth interactive experience. Currently, users can directly experience this model through the B.AI API and Web Chat dual channels, and are welcome to try it out immediately.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, only Gemini saw a decline, with a decrease of 0.25%; Bybit had the largest increase, reaching 2.65%.In terms of exchange asset transparency proof, in the past 7 days, the top three net inflows were Bybit (+$393 million), Bitget (+$342 million), and HTX (+$13.14 million); the top three net outflows were Binance (-$236 million), Gate (-$98.43 million), and Deribit (-$72.20 million).

Centralized exchanges Coinbase, Kraken, and Gemini urged U.S. Senate lawmakers to remove specific provisions in the Digital Asset Market Structure Bill. The provision restricts trading platforms from listing tokens that are susceptible to market manipulation. The exchanges submitted amendments requesting the removal of this restriction, arguing that this regulatory standard, derived from traditional commodity futures, would hinder the listing of low liquidity small tokens on compliant exchanges and limit industry innovation.

According to BBX data, last weekend Gemini and BlackRock released Q1 data, with the following core dynamics:Gemini (NASDAQ: GEMI): Q1 revenue of $50.3 million (+42%, exceeding expectations), EPS -$0.93 (better than -$1.03); $100 million BTC strategic investment (1,258 BTC, $14/share); credit card +300%, CFTC DCO license; +17% on May 15.Coinbase (NASDAQ: COIN): -7.6% on May 15 (CLARITY Act sell-off, Polymarket 59%, Warsh Fed uncertainty, Form 144); data security costs of $180-400M hanging.BlackRock (NYSE: BLK) IBIT: Mubadala Q1 13F (disclosed on May 16): IBIT holding of 14.7 million shares worth $566 million (+16%), over $500 million for three consecutive quarters; Al Warda holds another $408 million, with a combined peak of over $1 billion.

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.

According to Bloomberg, Gemini exchange founders Tyler and Cameron Winklevoss made a $100 million "strategic investment" in the exchange, purchasing Class A common stock at a price of $14 per share, with payment made in Bitcoin. The exchange's stock closed at $5.26 on Thursday, rising about 15% in after-hours trading, having fallen over 80% in the past year.Gemini's net loss in the first quarter narrowed to $109 million, compared to $149 million in the same period last year; revenue grew 42% to $50 million, mainly driven by income from services such as credit cards. CEO Tyler Winklevoss stated that the market has severely underestimated Gemini, and this investment will help the company transition from a crypto company to a market company. Gemini went public in September 2025, shortly after which the crypto market began to decline.

Cryptocurrency exchange Gemini released its Q1 financial report, with revenue reaching $50.3 million, a 42% increase from $35.3 million in the same period last year, which led to a 30% rise in its stock price during after-hours trading. The company stated that the growth mainly came from service business, OTC trading, and cryptocurrency-related credit card businesses such as the Gemini Credit Card. Among these, the credit card segment's revenue grew by approximately 300% year-over-year, nearing half of the total revenue.Gemini also disclosed data on its prediction market business for the first time. Since its launch in December last year, this business has attracted over 20,000 users trading contracts, with a total of over 100 million contracts traded, contributing approximately $400,000 in revenue. The company noted that trading volume in April further increased by 78% compared to the previous month. Gemini CEO Tyler Winklevoss stated that the company is gradually transforming from a cryptocurrency trading platform into a broader "market company." Previously, Gemini obtained a CFTC derivatives clearing organization license to support its expansion into derivatives and prediction market businesses.

According to Politico, Coinbase, Kraken, and Gemini proposed to lawmakers earlier this year to remove a provision in the digital asset bill that requires cryptocurrency trading platforms to only list "non-manipulable" digital assets. The three exchanges are concerned that this would make it more difficult to list small-cap tokens.This amendment occurred after the Senate Agriculture Committee voted to advance the bill in January. The CFTC has long required exchanges to "self-certify" that the product contracts they list are not easily manipulable, but cryptocurrency companies believe this standard does not apply to the spot crypto market. The three exchanges stated that they have been working with Congress for years to push for comprehensive federal regulation of the digital asset market. Coinbase's Federal Policy Director Robin Cook stated that they hope to ensure consumers are protected by standards suitable for spot trading.

The latest report released by Bank of America (BofA) indicates that in April, the user growth of Gemini and Claude was robust, while the growth rate of ChatGPT continued to slow down. The report stated: In terms of U.S. web traffic, Google saw a year-on-year increase of 2% to 546 million visits, ChatGPT grew by 30% year-on-year to 34 million visits (equivalent to 6% of Google), Bing decreased by 6% year-on-year to 44 million visits, and Claude increased by 715% year-on-year to 7.1 million visits. In terms of month-on-month growth, Google grew by 1%, ChatGPT grew by 1%, Claude grew by 28%, and Gemini grew by 8%.

According to The Block, Gemini's Olympus division has officially obtained a Derivatives Clearing Organization (DCO) license issued by the Commodity Futures Trading Commission (CFTC), allowing it to act as an internal clearinghouse for settlement, risk management, and collateral management without relying on third-party clearing, which is expected to reduce operational costs.Combined with the previously obtained Designated Contract Market (DCM) license, Gemini is now capable of conducting full-stack compliant operations in the fields of futures, options, perpetual contracts, and prediction markets. Currently, Gemini is further applying for a Futures Commission Merchant (FCM) license to complete its full suite of CFTC qualifications and compete directly with Kraken and Coinbase.

Letitia James has filed a lawsuit against Coinbase and Gemini, accusing them of providing "disguised gambling" services through their prediction market platforms, in violation of New York state law.Regulators believe that such trades based on event outcomes (such as sports and elections) essentially fall under gambling activities, particularly questioning the participation of users aged 18 to 21, while New York law sets the minimum age for sports betting at 21. The prosecution is seeking hefty fines and the recovery of profits, with claims of at least $2.2 billion against Coinbase and at least $1.2 billion against Gemini. The two companies have not officially responded, but Coinbase has indicated that prediction markets are regulated by the Commodity Futures Trading Commission, suggesting that their legality falls under federal jurisdiction.

According to market news, court records show that the state of New York has sued cryptocurrency trading platforms Coinbase Financial Markets and Gemini Titan, accusing them of violating the state's administrative laws.

According to Globenewswire, the American law firm Bernstein Liebhard has announced that it has filed a securities fraud class action lawsuit on behalf of investors against the Nasdaq-listed cryptocurrency exchange Gemini Space Station, alleging that Gemini made false statements regarding its business operations and prospects in its prospectus and related disclosures, particularly accused of exaggerating the viability of its core cryptocurrency platform business. Investors wishing to serve as lead plaintiffs must submit their applications by May 18, 2026.It is reported that Bernstein Liebhard is a well-known investor relations law firm that has previously filed class action lawsuits against companies such as Ruhnn, Apple, and AsiaInfo-Linkage.