The highly anticipated Gemini IPO is now officially underway, marking a key moment for cryptocurrency markets in 2025. Crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, has confidentially filed for an initial public offering in the U.S., the company revealed on Friday.

The move comes as renewed investor confidence and market momentum fuel a wave of crypto and fintech IPOs, and could set the stage for a new era of institutional adoption in the digital asset space.

Crypto IPO Momentum Builds

The Gemini IPO follows the successful public debut of Circle (CRCL.N) earlier this week, which saw a strong performance on the New York Stock Exchange. According to Matt Kennedy, senior strategist at Renaissance Capital, “Pre-IPO crypto companies would be crazy not to move ahead with listings after seeing how Circle traded.”

Investor appetite for risk assets—especially in areas like crypto, artificial intelligence, and fintech—is rebounding. After years of volatility, regulatory uncertainty, and market mistrust, crypto firms are re-emerging with stronger narratives and improved fundamentals.

Gemini’s Strategic Timing

Gemini currently enables users to buy, sell, and store over 70 cryptocurrencies, positioning itself as a key player in the U.S. digital asset market. Though the company hasn’t disclosed the size or pricing details of its IPO, industry insiders see its filing as a critical signal.

“Gemini’s IPO contributes to the broader momentum and reinforces the idea that crypto-native firms are increasingly preparing to access public markets,” said Kat Liu, vice president at IPOX. Liu also pointed out that institutional capital is returning, especially toward companies with scalable models in strategic growth areas.

Gemini’s entry to the public markets could boost transparency, increase regulatory engagement, and provide the firm with much-needed capital to expand in an increasingly competitive landscape.

Crypto’s Growing Legitimacy

The Gemini IPO is part of a broader legitimization of the crypto sector. The global digital asset market is now valued at over $3.3 trillion, with Bitcoin (BTC-USD) trading above the $100,000 mark. Institutional interest surged after the SEC approved spot bitcoin ETFs in the U.S., opening the doors for retirement accounts and traditional funds to gain exposure.

Coinbase (NASDAQ:COIN), one of Gemini’s top competitors, was recently added to the S&P 500, a watershed moment that many believe laid the groundwork for other crypto firms to follow suit.

“If equity underwriters smell a new fee stream, expect the calendar to unfreeze for everything from fintech to AI chips,” said Michael Ashley Schulman, CIO at Running Point Capital Advisors. He notes that Gemini’s IPO, if successful, will confirm that the “crypto thaw” is real.

From Lawsuit to Wall Street

Tyler and Cameron Winklevoss first gained fame from their lawsuit against Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg, alleging he stole their idea for Facebook. That legal battle ended in a 2008 settlement involving cash and META stock—wealth that the twins used to pivot into the crypto industry with the founding of Gemini in 2014.

Now, with the Gemini IPO, the twins appear set to make history again—this time by leading one of the first major post-FTX collapses crypto listings in the U.S.

Will Gemini’s IPO Succeed?

While the details of the Gemini IPO remain confidential, market indicators suggest strong interest. After years of skepticism and setbacks, crypto markets are enjoying renewed optimism thanks to clearer regulations, broader adoption, and support from high-profile political figures—including Donald Trump, who has promised to be a “crypto president.”

As Gemini steps into the public spotlight, its performance could set the tone for the next wave of digital asset IPOs—and help solidify crypto’s long-awaited place in the mainstream financial ecosystem.

Featured Image: Freepik

Please See Disclaimer

DUBAI, UAE, June 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, continues its advance in the crypto payment space with a limited-time campaign for the Bybit Card. Exclusive to new global users of Bybit Card, the new promotion unlocks 10% cashback in its new phase of global expansion.

The evolving payment solution eliminates traditional boundaries between digital assets and real-world transactions across markets. Championing crypto freedom, the Bybit Card elevates global convenience and access to premium events and partnerships for the crypto community wherever they are headed. Since celebrating its second anniversary at Bybit’s Dubai headquarters, the Bybit Card has unlocked for its users exclusive benefits at the Grand Millennium Hotel in Dubai, and subscription perks for selected AI tools and streaming services.

30-Day Incentive: All Spending Categories Accepted

Eligible for global users with more international markets unlocked, the new cashback scheme potentially offers new users an extra $150 in rewards in three simple steps:

1. Applying for a Bybit Card subject to verification and approval
2. Making a first-time deposit equivalent to $100 in value
3. Spending on eligible crypto transactions with the new Bybit Card in the next 30 days for 10% cashback on all eligible transactions

Existing Bybit users may also enjoy the same cashback rate up to $75 during the promotional period.

Global Accessibility, Unmatched Convenience

The Bybit Card serves nearly 2 million users worldwide as a gateway for secure and instant crypto spending at over 90 million global touchpoints. More than a payment tool, it also offers earning opportunities through cashback, rewards, and APR on crypto balances.

Incorporating crypto into their way of life in everyday spending, Bybit Card holders can tap or swipe to pay in an instant around the world. Whether they are booking a flight with Cathay Pacific or sipping a cocktail at the Ritz, users stand to get 10% back with the Bybit Card.

Key Features: 

• Crypto convenience: seamless spending in crypto, and cash withdrawals from supported ATMs around the world with the physical card available to Mastercard holders.
• No annual fees and up to 8% APR on balances.
• Year-round perks: 100% rebates on subscriptions including Netflix, Spotify, and selected AI tools, airport lounge access, and other benefits refreshed seasonally
• Multi-asset support: USDC, USDT, BTC, ETH, AVAX, and more.

The promotion is on a first-come, first served basis for a limited time only. Terms and conditions apply. For full benefits and more exclusive rewards, users may explore: Bybit Crypto Card: Your Ultimate Crypto Debit Card.

#Bybit / #TheCryptoArk / #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Photo – https://www.007stockchat.com/wp-content/uploads/2025/06/Bybit_Card_Exclusive_Up__150_Cashback_Hassle_Free_Crypto_Spending.jpg
Logo – https://www.007stockchat.com/wp-content/uploads/2024/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-exclusive-up-to-150-cashback-for-hassle-free-crypto-spending-302475212.html

Featured Image: depositphotos @ hello

Disclaimer

After months of explosive growth in the Solana ecosystem, meme coins like Dogwifhat (WIF) are cooling off rapidly. As on-chain metrics slide and investor sentiment wanes, many are now asking: what’s the best Solana crypto to hold ahead of the next bull run?

WIF (WIFUSDT) recently dipped below the $1 mark, down over 36% from its peak earlier this year. Once the poster child of Solana’s meme coin craze, WIF now faces mounting sell pressure. On-chain data reveals that “smart money” investors have reduced their positions by more than 50%, with whale holdings also declining by 22%.

Meme Coins Fade as Utility Gains Traction

This isn’t just a WIF-specific issue. The broader Solana meme coin market is experiencing a cooldown. Daily DEX volume has fallen to a six-month low of $2 billion, and stablecoin transfer volumes are down from $20 billion to just $2 billion. These declines signal reduced liquidity and engagement across Solana-based DeFi.

Even more telling, the number of new meme coin launches has dropped more than 50% since January. Meanwhile, declining transaction volumes are weakening deflationary pressures, since Solana burns 50% of all transaction fees.

Despite these headwinds, Solana remains a top-three blockchain by activity, and its real utility may now be taking center stage.

Solaxy: A Utility-Driven Contender for Best Solana Crypto

As meme coins lose momentum, utility-first projects are stepping into the spotlight — and Solaxy may be leading the charge as the best Solana crypto of 2025.

Solaxy (SOLX) is the first Layer-2 solution built for Solana. Its mission is clear: increase scalability, reduce failed transactions, and make building on Solana faster and more efficient. That alone is significant, as Solana has faced network congestion in the past due to its rapid adoption.

Solaxy’s infrastructure is already partially live. Developers are testing bridges, deploying smart contracts, and monitoring rollup activity via the Solaxy testnet. The ecosystem includes a custom block explorer and a cross-chain bridge, laying the groundwork for what could become the backbone of Solana’s Layer-2 economy.

Strong Growth and Real Use Cases

Solaxy’s momentum is backed by numbers. The project has raised over $44.3 million ahead of its token launch, with investors joining via SOL, ETH, BNB, USDT, or even credit cards. The presale has just 11 days left, and all purchased tokens can be staked immediately, offering returns of up to 91% APY.

Importantly, Solaxy is building beyond speculation. It will launch Igniter Protocol and Solaxy DEX, enabling seamless token creation, trading, and liquidity provisioning — a key differentiator from the meme coin market, where value often hinges on hype alone.

Its integration with the Best Wallet app also gives users a KYC-free, privacy-focused option for managing assets — an increasingly attractive feature as crypto regulations tighten globally.

Solana Ecosystem Still Has Fuel

Even as WIF and other meme coins falter, Solana’s fundamentals remain strong. In May alone, Solana posted $121 million in Real Economic Value (REV) — up 37% month-over-month and more than Ethereum (ETH) or TRON (TRX). Application revenue across top platforms like Pump, Axiom, and Raydium (RAYUSDT) reached $214 million, showing that builders are still very active on the network.

Talk of a Solana ETF is further fueling speculation that the ecosystem may soon regain momentum. But this time, it could be utility-driven crypto — not meme coins — that takes the lead.

Final Thoughts

While hype-driven tokens like WIF captured attention during the last Solana bull run, the current pullback is separating speculation from substance. Projects like Solaxy, with real infrastructure, developer adoption, and strong fundraising, offer a compelling alternative.

If you’re looking for the best Solana crypto to buy ahead of the next leg up, Solaxy is one to watch — and possibly the next breakout story in the evolving Solana landscape.

Featured Image: Freepik

Please See Disclaimer

Donald Trump’s latest foray into the digital asset world has ignited a fresh storm of controversy, with the Trump cryptocurrency scandal exposing new channels for self-enrichment and foreign influence. While past presidents have taken steps to avoid conflicts of interest, Trump’s second term is marked by a blatant embrace of the cryptocurrency space to monetize his office — a move that experts warn could jeopardize both ethical standards and national security.

Trump Coin: The Birth of a Speculative Grift

In January, days before his second inauguration, Trump-affiliated businesses launched a memecoin dubbed $Trump — a digital token with no underlying value beyond market speculation. Despite its lack of utility, the token surged to $75 per coin before quickly crashing. Speculators fueled the initial hype, but the Trump family benefited regardless, collecting millions in trading fees. Since the coin’s launch, over $312 million in crypto transactions and $43 million in other fees have flowed to Trump-linked entities.

The Trump cryptocurrency scandal isn’t just about personal gain — it also reveals how easily political figures can exploit poorly regulated markets to attract undisclosed funds. The mechanics of the Trump coin echo classic pump-and-dump schemes, but with the added danger of being led by the most powerful man in the world.

Gala Access: Trading Crypto for Influence

In a bid to inflate the token’s value again, Trump’s team announced that the top 220 holders of the $Trump token would receive exclusive invites to a gala dinner at Trump National Golf Club in Virginia. The top 25 buyers were offered an even more coveted prize: a VIP reception with the president and a private White House tour.

This crypto-powered sweepstakes wasn’t framed as a political fundraiser, but a private event organized by Trump’s business. Campaign laws — which require donor disclosures and spending restrictions — didn’t apply. This loophole allowed Trump to legally collect massive sums from anonymous buyers, many of whom were foreign investors.

Foreign Ties: The Risk of Crypto Influence

According to The Washington Post, nearly half of the top 220 memecoin holders used exchanges that ban U.S. users, suggesting international involvement. Among them was Justin Sun, the Chinese billionaire founder of crypto platform Tron. Despite being charged with fraud by the Securities and Exchange Commission (SEC) in 2023, Sun attended the gala after buying more than $20 million worth of Trump memecoins.

Strikingly, the SEC moved to pause its lawsuit against Sun shortly after Trump’s second term began. The optics of this decision, combined with Sun’s appointment as an adviser to Trump’s latest crypto venture, World Liberty Financial, raise serious concerns about political interference and favoritism.

Stablecoins, Abu Dhabi, and $2 Billion in Exposure

The Trump cryptocurrency scandal doesn’t stop at memecoins. On May 1, Trump’s son Eric and real estate partner Zach Witkoff announced that World Liberty would receive a $2 billion investment backed by the government of Abu Dhabi, using the platform’s stablecoin. That investment, if finalized, could result in hundreds of millions in profits for Trump and his family.

The move places a sitting U.S. president in the direct financial path of a foreign government’s strategic investments — a clear conflict of interest and a potential national security risk.

Deregulation Agenda: Dismantling Oversight

Adding to the alarm, the Trump administration has already begun rolling back crypto regulations. In April, the Justice Department was ordered to disband its crypto fraud unit, and Trump has vowed to make the U.S. the “crypto capital of the planet.” These deregulatory moves could open the floodgates for even more abuse.

While Trump once called crypto “a scam,” he now praises it as “common sense,” especially after reaping millions from it. The hypocrisy underscores how the Trump cryptocurrency scandal is less about belief in blockchain and more about building wealth unchecked.

Conclusion

With digital assets becoming a key pillar of Trump’s business empire, the boundaries between presidential power and personal profit are rapidly eroding. As foreign actors gain access to the president through crypto, the Trump cryptocurrency scandal reveals a troubling new blueprint for monetizing political office — one that undermines transparency, national security, and public trust.

Featured Image: Freepik

Please See Disclaimer

Sumsub’s Travel Rule solution is now available for seamless app integration through SDK, automating required checks and ensuring compliance without losing users.

LONDON, June 5, 2025 /PRNewswire/ — Sumsub, a global full-cycle verification platform, today announces its Travel Rule SDK solution is now available for crypto, fintech, and iGaming businesses. It is designed to be easily incorporated directly into client apps, enabling companies to automate compliance checks and verify sender/recipient information in real time to ensure Travel Rule compliance.

Travel Rule, known as FATF Regulation 16, requires VASPs to share originator and beneficiary data on crypto transactions. With more countries enforcing Travel Rule each year, it is continually becoming an obligatory part of virtual asset transfers. However, implementation challenges remain acute for crypto providers operating globally, with jurisdictions imposing different requirements and thresholds, and governments not providing any unified approach or standard. On top of that, collecting and transmitting compliance data during crypto transactions creates friction, slowing things down and urging users to leave the app without finishing the transfer.

To address the aforementioned challenges, Sumsub offers Travel Rule SDK, letting crypto companies build effective, user-friendly compliance flows. Key benefits include:

• Easy setup with minimum engineering effort, ensuring quick integration into the app and reduced development costs;
• Flexible and fully customizable workflow, with pre-configured country-specific requirements as rules and automatic jurisdiction detection;
• Effortless collection of additional data during deposits, withdrawals and transfers to meet Travel Rule compliance requirements;
• Access to the largest and fastest-growing Travel Rule ecosystem of 1,700+ VASP;
• VASP attribution, secure communication coupled with unhosted wallet verification feature;
• Real-time transaction updates allowing to take immediate action;
• Seamless and speedy user experience that reduces drop-offs by 35%, on average.

“While Travel Rule compliance logic is complex, failure to adhere to the regulation is associated with high reputational, legal and financial risks. Sumsub offers flexible integration options–SDK, API and protocols–built to simplify Travel Rule compliance programs for VASPs and other regulated entities engaged in crypto transfers,” explains Andrew Novoselsky, CPO at Sumsub. “Without sophisticated custom builds, our SDK automatically integrates all the necessary compliance checks while keeping the UX seamless, thus allowing teams to focus on their core business goals.”

To find out more about Sumsub’s Travel Rule solution for the crypto industry, please go to https://sumsub.com/travel-rule/

About Sumsub

Sumsub is the #1 verification provider for the crypto industry working with 8 out of 10 top global crypto exchanges. With Sumsub’s customizable KYC, KYB, Travel Rule, Non-Doc Verification, AML Screening, Address Verification, Crypto Transaction Monitoring and Fraud Prevention solutions, you can orchestrate your verification process, welcome more customers worldwide, maximize pass rates, meet compliance requirements, reduce costs, and protect your business.

With over 4000 clients across crypto, fintech, gaming, mobility and edtech industries, Sumsub supports the largest Travel Rule ecosystem of 1700+ virtual asset service providers (VASPs). Having integrated TRP, GTR (owned by Binance), CODE, and Sygna, Sumsub offers fully interoperable single communication Travel Rule protocol, which aims to automate data transfers, reporting, and transaction screening to improve compliance, security, and transparency.

View original content to download multimedia:https://www.prnewswire.com/news-releases/customer-drop-offs-cut-by-35-with-sumsubs-new-travel-rule-sdk-for-crypto-apps-302473245.html

SOURCE Sumsub

Featured Image: depositphotos @ nils ackerman

Disclaimer