Huge shakeup at Gemini (GEMI)
Three top executives are leaving Gemini (COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade) effective immediately, following the exchange's 25% workforce cuts and pullback from UK, EU, and Australia operations. The departures compound a brutal stock collapse: shares have plummeted from a $45.89 IPO high in mid-September to $6.50 (plus down 14% today alone). Gemini expects a $257–267 million adjusted loss for 2025, even while users grew. Read more →
Polymarket Pulls Artemis Market Amid Ethics Backlash
Polymarket has withdrawn a controversial prediction market on NASA’s Artemis II booster rupture after a viral screenshot sparked criticism about wagering on space disasters. The company said the market was narrowly defined around a hardware failure, not crew safety, but the headline "Artemis II explodes?" invited darker interpretation. Read more →
DATs Attempt To Go Beyond Accumulation
Nakamoto (NAKA), David Bailey's bitcoin treasury company, is acquiring BTC Inc. (which operates Bitcoin Magazine and The Bitcoin Conference) and UTXO Management in an all-stock deal valued at over $107 million. The move follows other treasury companies not being treasury companies… such as Pompliano doing a self-serving deal to acquire his other company. NAKA and BRR are down 97%+ and 75%+ respectively.
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