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BTC $79,114.59 -2.75%
ETH $2,222.08 -3.15%
BNB $673.49 -0.96%
XRP $1.44 -4.15%
SOL $89.32 -3.59%
TRX $0.3515 -0.73%
DOGE $0.1130 -2.28%
ADA $0.2609 -4.20%
BCH $425.46 -2.73%
LINK $10.05 -4.91%
HYPE $44.19 +0.71%
AAVE $92.67 -7.08%
SUI $1.09 -8.56%
XLM $0.1544 -5.80%
ZEC $515.84 -5.60%

emi

After receiving $100 million in funding, Gemini's pre-market increase exceeded 25%, but it still reported a loss of $109 million in Q1

According to CoinDesk, after the cryptocurrency trading platform Gemini, founded by the Winklevoss brothers, announced its Q1 2026 financial report, its stock price rose over 25% in pre-market trading. The financial report showed that the company's revenue for the quarter increased by 42% year-on-year to $50.3 million, while the net loss narrowed by 27% year-on-year to $109 million, but still exceeded market expectations of a loss of $0.61 per share.The report indicated that Gemini's operating expenses increased by 73% year-on-year to $144.5 million, with employee compensation costs rising by 91%, which included approximately $6.5 million in severance pay; sales and marketing expenses also doubled year-on-year to $19.1 million.The company stated that it is currently driving its business transformation through layoffs, business contraction, and a $100 million Bitcoin injection from Winklevoss Capital Fund, and is seeking to achieve profitability.In February of this year, Gemini closed its operations in the UK, EU, and Australia, laying off about 25% of its staff, and shifted its focus to the U.S. market and prediction market business. In April, the company received approval from the U.S. Commodity Futures Trading Commission for its Derivatives Clearing Organization (DCO) license, officially entering the cryptocurrency prediction market field. Boosted by these developments, the company's stock price has recently rebounded and is now above $6.6.

SUNX issues a solemn statement, reminding to be vigilant against fraud involving funds impersonating "Sun Kexi" and others

The derivatives trading platform SUNX officially announced that there has been a surge of counterfeit platforms impersonating SUNX in the market recently. Some criminals are using unofficial Chinese translations such as "孙克斯" and "森克斯" to carry out fraudulent activities like "contract trading" and other financial scams.In response to the above phenomenon, SUNX makes the following core clarifications and statements:Official Name: SUNX officially only uses the unique English name "SUNX" and has never adopted any Chinese name. Any platform that lures users into high-yield rebate schemes using names like "孙克斯" is counterfeit and has no connection to SUNX.Compliance Qualifications: SUNX was established in 2018 and has legally obtained compliance qualifications in multiple countries. This includes the US MSB license, registration numbers 31000276306668 and 31000307329308. Officially registered with the US SEC, SUNX LTD. (CIK: 0002106288).Inclusion in Authoritative Platforms: Currently, SUNX has been included in several authoritative data platforms, ranking 19th globally on MyToken and 33rd globally on Nonce, and has been officially listed on CoinMarketCap.SUNX reminds users to access trading only through the official unique channels and to stay away from any fraudulent activities claiming "contract trading" or using unofficial Chinese names. The company has initiated evidence collection procedures and will pursue legal responsibility against the infringing parties according to the law.
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