πΈ According to Bloomberg, crypto exchange Gemini has cut about 30% of its workforce since the start of the year, reducing headcount to around 445. The company reported a 2025 net loss of about $585 million, with Q4 revenue of roughly $60 million but widening losses. Previously, it had announced ~25% layoffs, exited the UK, EU, and Australia, and replaced several senior executives.
π΅οΈ UXLINK Exploiter has sold 5,496 $ETH for $11.82M $DAI in the past 1 hour.
#UXLINK got hit on September 22, 2025 when attackers took over its multisig wallet, draining more than $44M in the process.
#UXLINK got hit on September 22, 2025 when attackers took over its multisig wallet, draining more than $44M in the process.
πΊπΈπ€ Morgan Stanley has filed a second amended S-1 for its spot bitcoin ETF with the SEC, confirming the Morgan Stanley Bitcoin Trust will list on NYSE Arca under the ticker MSBT.
The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares, expected to raise about $1 million. The amendment signals progress but does not guarantee approval; if approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot bitcoin ETF. #regulation
The filing discloses a basket size of 10,000 shares and an initial seed of 50,000 shares, expected to raise about $1 million. The amendment signals progress but does not guarantee approval; if approved, Morgan Stanley could become the first major U.S. bank to directly issue a spot bitcoin ETF. #regulation
π΅οΈ #RWA Coinbase has moved its Bitcoin Yield Fund to the Base blockchain.
It has launched a tokenized class of shares for this fund in partnership with the financial company Apex Group.
cointelegraph
It has launched a tokenized class of shares for this fund in partnership with the financial company Apex Group.
cointelegraph
πΌ Anchorage Digital launches collateral management services on the Atlas platform for institutional investors.
π #BNB Binance Will Support the Dai (DAI) Token Swap and Rebranding to USDS (USDS) Binance Support
π #BTC Crypto Market β Now Is the Time to Prepare
βBased on Realized Price and profit/loss metrics, Bitcoin is currently positioned slightly above the cycle lows seen in past market bottoms.β
βBased on Realized Price and profit/loss metrics, Bitcoin is currently positioned slightly above the cycle lows seen in past market bottoms.β
πΌ #SOL Forward Industries, whose shares are listed on the exchange and whose treasury strategy is focused on Solana, has launched a share buyback program funded by a crypto-backed loan from Galaxy Digital LLC. This move underscores the growing use of digital assets in traditional corporate finance.
π° The decentralized social network Bluesky announced raising $100 million in a Series B financing round amid a change in leadership.
theblock.co
theblock.co
β A collective lawsuit has been filed against Gemini, accusing it of misleading investors about its strategy before and after the IPO in 2025. On the first day of trading in September, Gemini's shares closed at $32, but have since dropped by over 80% to around $6 as of Thursday.
theblock #regulation
theblock #regulation