Gemini’s Post

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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

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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. 🌐

What happened in the market this week? ⤷ The US CPI remains flat in May, beating forecasts  ⤷ Former President Donald Trump voices support for Bitcoin mining at Mar-a-Lago ⤷ GameStop's stock drops 12%, impacting related meme tokens ⤷ HSBC Bank's China branch begins offering e-CNY services to corporate clients ⤷ The ZKsync Association will airdrop 3.675 billion ZK tokens next week Read more 👇