Gemini’s Post

Why has ETH underperformed the broader crypto market so far this year? In this report, we delve into the factors driving ETH prices, discuss why we estimate $3-5 bln of potential net inflows into potential ETH ETFs upon final approval, and explain how that could result in an ETH price rally. Unlock here → https://lnkd.in/eUyveeiX

We’ve just signed a 5 year sponsorship with Real Bedford FC. The deal will be paid upfront in Bitcoin, aiming to keep Real Bedford as a bitcoin-backed football club, supporting the club’s continued success, and to boost opportunities for children in the local community. This is one of the biggest deals ever in non-league football. Cementing our commitment to support the club in its goal to reach the Premier League, having achieved two consecutive league promotions and two cup wins in the last two seasons (81% win rate). ⚽ Read more: https://lnkd.in/ej2Dw93j

Central bank digital currencies (CBDCs) are digital versions of a country's fiat currency. They're reshaping how money is issued and used, and could significantly alter transaction privacy. 👀🔒 Unlike cash, which offers inherent privacy, CBDCs may restrict anonymous transactions to small purchases or eliminate them altogether based on current proposals. With the compounding issues of privacy, security, and inclusion still to be addressed. It’s imperative that citizens become educated, aware, and involved in the future of digital fiat currency. Read more about CBDCs → https://lnkd.in/e5DDCdhD

What happened in the market this week? 🫱 → Coinbase Sues SEC, FDIC → Defunct bitcoin exchange Mt. Gox will start distributing repayments in bitcoin and bitcoin cash in July → Tether ceased USDT minting on EOS and Algorand but will continue redemptions for the next 12 months → US spot bitcoin ETFs received $31M in net inflows Tuesday after seven straight days of outflows → A MakerDAO governance delegate fell victim to a phishing scam, losing $11M in tokens

Tune in June 27th @ 11am EST featuring Gemini Institutional team member Patrick Liou, CFA

What happened this week? 🫱 ↳ Bitcoin prices fell Monday as nearly $500 million in positions were liquidated ↳ Deutsche Telekom, parent company of T-Mobile, to join Bitcoin mining sector ↳ The Financial Stability Board met in Toronto to discuss regulatory challenges presented by stablecoins ↳ Waka Flocka Flame's new memecoin

We now facilitate crypto contributions for pro-crypto candidates. Any U.S. campaign that is interested in accepting donations in crypto can work with us by emailing → [email protected] We’re proud to empower pro-crypto policymakers in 2024

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We’ve partnered with Purpose Investments and Ether Capital to develop new technological infrastructure to enable the fund’s ether to be staked by Ether Capital, with Gemini Custody providing enhanced protection and security of the assets in its capacity as custodian. 🌐