Gemini Space Station, Inc. (NASDAQ:GEMI) is one of the stocks Jim Cramer recently shared his thoughts on. Cramer poked fun at the company’s name but acknowledged crypto legacy and discussed the stock’s decline. He stated: “Right now, we need a little curbing. I could say the same thing about Gemini Space Station, the ridiculous name for the crypto outfit, founded by the Winklevoss twins 11 years ago. After a 14% gain on its first day of trading last Friday, the stock has now fallen well below its $28 offe ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The cryptocurrency in your digital wallet might carry an invisible criminal history that could land you in legal trouble, even if you bought it legitimately. As federal agencies sharpen their ability to trace digital asset transactions, crypto holders are discovering that owning “dirty” Bitcoin or other cryptocurrencies can trigger asset seizures, frozen wallets, and costly legal battles. Unlike traditiona ...

Creditors of collapsed crypto exchange FTX will receive $1.6 billion at the end of this month in a third distribution to make clients whole, the FTX Recovery Trust announced on Friday.  Four groups of creditors will receive the funds on September 30, with distributions ranging between 78% and 120% of the value of their FTX holdings when the exchange collapsed in November 2022, according to a press release from the Trust, which is overseeing assets and claims from the exchange's bankruptcy estate.  The distr ...

Cathie Wood’s Ark Invest has been steadily increasing its stake in Bullish (BLSH) since the crypto exchange’s IPO, signaling confidence in the company despite a volatile post-market debut. On debut, Ark acquired about 2.53 million shares of Bullish, roughly worth $172 million across ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). Again, the veteran investor recently purchased over 160,000 shares of Bullish worth $8.3 million ahead of the company’s ...

FTX’s bankruptcy estate is set to release $1.6 billion of funds to creditors at the end of the month, marking the third major payout following the crypto exchange's implosion nearly three years ago. The FTX Recovery Trust, which oversees the bankruptcy process, announced on Friday that payments will begin on September 30 for creditors who have completed verification steps on the FTX claims portal. Funds will be routed through service providers BitGo, Kraken or Payoneer and are expected to land in accounts ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Kevin Durant forgot his Coinbase Global, Inc. (NASDAQ:COIN) password, which turned into an unexpected blessing. The NBA star, who first started buying Bitcoin (CRYPTO: BTC) during his Golden State Warriors days in 2016, still hasn't regained access to his account, according to CBNC. Durant's Bitcoin Journey According to his longtime business partner and agent, Rich Kleiman, Durant became curious about cr ...

BREAKING: Stocks Open Narrowly Higher As Lennar, Disney Lag Another cryptocurrency holding company has emerged. Brera Holdings, a Nasdaq-listed sports-holding company, is transitioning to a solana-based digital asset treasury with the backing of Cathie Wood's ARK Invest. Shares rallied more than 200% on Thursday. Brera Holdings (BREA) has operated as an Ireland-based international holding company with a portfolio of men's and women's soccer clubs via a multiclub ownership strategy.… Related news Take a Tria ...

Key Takeaways Circle's USDC in circulation rose to $72.36B as of Sept. 11.IREN targets $1.25B annualized revenue, driven by bitcoin mining and fast-growing AI cloud business. IREN shares soared 83.8% in a month, far outpacing Circle's 1.9% gain. Circle Internet (CRCL) and IREN Limited (IREN) are a couple of cryptocurrency-exposed stocks that have been gaining traction in recent times. Circle offers USDC stablecoin, which is redeemable on a one-for-one basis for U.S. dollars and is backed by reserves consist ...

Grayscale Investments said Friday (Sept. 19) that its multi-asset cryptocurrency exchange-traded product (ETP), Grayscale CoinDesk Crypto 5 ETF, has begun trading on NYSE Arca under the ticker symbol GDLC.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS c ...

The cryptocurrency market is staging a recovery, climbing to $4.2 trillion before its small correction to its current $4.15 trillion level per CoinGecko data. Despite the Fear & Greed Index maintaining neutral territory at 51 points—which isn't surprising given September's traditionally bearish reputation—the market is showing resilience. On the macroeconomic front, the Federal Reserve’s meeting delivered the expected outcome. On Wednesday, the Fed lowered its benchmark rate by 0.25 percentage points to a ...