🚨 What Happened in Crypto Today– Key Highlights
1️⃣ Gemini Files for Nasdaq Listing (Ticker: GEMI)
The Winklevoss twins’ exchange Gemini has officially filed to go public on Nasdaq. Backed by Goldman Sachs, Morgan Stanley & Citigroup, the IPO will feature a dual-class share system—keeping majority control with the founders. This marks a big step for regulated crypto exchanges entering traditional markets.
2️⃣ ETH vs BTC – Short-Term Outlook
According to Santiment, ETH shows a slightly more bullish path than BTC. Despite Ethereum’s stronger performance (+32.9% ETH/BTC ratio in 30 days), social sentiment remains cooler compared to Bitcoin. BTC recently hit a new ATH at $124K, while ETH came close to reclaiming its 2021 high of $4,878.
3️⃣ US Fed Ends Special Oversight on Banks’ Crypto Activities
The Fed announced it will shut down its 2023 “novel activities supervision program” for banks dealing with crypto. Instead, oversight will return to standard supervisory processes. This could signal a softer regulatory tone under the Trump administration.
💡 Takeaway:
¤.Gemini IPO = another milestone for crypto in
traditional finance.
¤.ETH may have stronger short-term upside than
BTC.
¤.Fed shift could ease the regulatory burden on
banks working with crypto firms.
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