Gemini is reportedly considering an initial public offering.
Bloomberg reports that the Winklevoss twins’ company is in talks with potential advisors.
Gemini, the cryptocurrency exchange backed by billionaire Winklevoss twins Tyler and Cameron, is reportedly considering an initial public offering in the US.
Per a Bloomberg report on Feb. 6, Gemini is looking to go the IPO way as soon as this year. The publication cited details shared by unnamed people reportedly familiar with the development.
Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, is considering an IPO as soon as this year https://t.co/ddLeiC9FeS
Gemini, among the first cryptocurrency exchanges in the world, is currently in consultation with potential advisors concerning the potential IPO.
According to Bloomberg, the public listing is still a matter under discussion and no decision has been reached yet.
However, this report aligns with similar developments in the recent months, with several crypto companies said to eye potential IPOs. This includes stablecoin issuer Circle, trading platform eToro, crypto exchange Kraken and Bullish Global.
Many more could follow, with momentum likely to gather pace amid the notably pro-crypto Donald Trump administration.
Ondo Finance announced the new layer 1 Ondo Chain at its blockchain event in New York on February 6
The onchain finance platform says the L1 targets institutional adoption of tokenized real-world assets (RWAs)
Ondo Finance, a leading institutional-grade finance platform, has announced the launch of Ondo Chain, a new layer 1 blockchain network targeted for institutional adoption of tokenized real-world assets (RWAs).
This latest Ondo Finance news comes as the native token ONDO surged in recent months amid RWA market growth. Earlier on February 6, 2025, US President Donald Trump-backed World Liberty Financial scooped more ONDO to add to its crypto haul.
Lookonchain shared the World Liberty ONDO purchase on X.
Ondo Finance’s new L1 chain for tokenized assets onchain
Per an announcement, Ondo aims to accelerate adoption of institutional-grade financial markets with onchain offerings on Ondo Chain. The L1 is built to bring a platform that combines security and compliance to advance the tokenized RWA market.
“Ondo Chain is designed to meet the highest institutional standards while remaining open for developers and innovators,” said Nathan Allman, CEO of Ondo Finance. “It tightly couples onchain and offchain infrastructure, reducing cost, enhancing security, and ultimately enabling a better user experience. For these reasons, we anticipate Ondo Chain becoming the hub for the DeFi ecosystem centered on tokenized assets.”
1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… pic.twitter.com/a35GHB7OFW
As well as Ondo Chain, the summit saw the Ondo Finance team provide key updates to its other infrastructure product – the Ondo Global Markets. Ondo GM is a tokenization platform aimed at bringing publicly-traded securities onchain.
Ondo announced the new L1’s as part of its Wall Street 2.0 update at Ondo Summit 2025. The event, the first for the blockchain network, has attracted several major crypto and blockchain industry players.
Ripple, Chainlink, Blockdaemon, and Uniswap all have executives and representatives at the Ondo Summit event in New York City. The summit has also seen the involvement of asset managers Franklin Templeton, Wellington Management, and WisdomTree among others.
Stablecoin transaction value surpassed Mastercard and Visa by 200% and 119%
The number of monthly stablecoin transactions reached 100 million in 2024
Stablecoin transaction value roughly doubled year-on-year from $7 trillion in 2023
The transaction value of stablecoins hit $15.6 trillion in 2024 overtaking traditional payments made with Mastercard and Visa.
The data, published in Ark Invest Big Ideas Report 2024, showed that stablecoins surpassed Mastercard and Visa by 200% and 119%, respectively. Despite a two-year bear market that witnessed a more than 70% decline in market capitalization, stablecoin growth remained uninterrupted, reaching a five-year high.
The number of stablecoin transactions hit 100 million monthly, roughly 72% and 41% of which were processed by Mastercard and Visa.
Compared to previous years, the number of people using stablecoins to transfer funds has steadily increased. For instance, in 2023, the value of stablecoin transactions was roughly $7 trillion with Visa taking the lead at around $13 trillion.
Of the stablecoins on the market, Tether (USDT) continues to dominate the market followed by Circle (USDC). Together, they account for 90% of the total supply.
Tether also reported $5.2 billion in profits during the first half of 2024. Tether and Circle account for 60% of the revenue generated by the top five networks and applications.
“Collectively, stablecoins USDT, USDC, DAI/USDS, and USDE generated revenues of $3.35 billion, or $6.7 billion at an annual rate, during the second half of 2024,” said Ark Invest.
News of stablecoin growth comes as David Sacks, President Donald Trump’s AI and crypto czar, indicated that one of the priorities within the White House is creating stablecoin legislation.
Republican Senator Bill Hagerty introduced a bill yesterday to create a framework for stablecoins.
The bill is proposing to implement a “clear, regulatory framework” for their use. With stablecoin use gaining popularity overseas, the US is hoping that the bill will reinforce the dollar’s dominance while aiding Trump’s mission to make America the crypto capital of the world.
XRP has fallen below $2.50 while Solana has dipped under $200.
Dogizen’s DOGIZ token currently costs $0.000086 after six presale stage gains.
Dogizen offers stability amid XRP and Solana’s price volatility.
XRP and Solana (SOL) are navigating through turbulent waters, with both assets experiencing significant price drops. With market sentiment pointing at further potential downturns, investors are looking for safer havens.
Dogizen, a newcomer in the crypto space, is presenting itself as a potentially stable investment avenue, particularly with its unique proposition as the first Telegram ICO.
XRP price falls below $2.5
After hitting a high of $3.38 on January 16, 2025, just a few cents shy from its all-time high of $3.40, which it hit on January 7, 2018, XRP has seen a sharp decline over the past two weeks. Its price has fallen by 26% in the past two weeks, positioning it below $2.50.
The Relative Strength Index (RSI) for XRP sits at 43.12, suggesting a balanced market where neither buyers nor sellers are in clear control.
The nearest resistance level is at $2.5698 with a support at $2.3282. Investors are closely watching these levels since a surge above $2.5698 could result in a new ATH, while a fall below the $2.3282 support could lead to further declines.
Solana (SOL) drops below $200
Similarly, Solana’s price is also grappling sharp price drop, having decreased by 26% over the last two weeks and 9.28% over the past month to trade at $198.98 at press time.
The RSI at 41.42 places Solana in a neutral zone, suggesting that the market is neither overbought nor oversold, thus providing potential for significant price movement in either direction.
With resistance at $218 and support at $194, Solana’s trajectory could go either way. Breaking above resistance would signal a bullish trend, potentially yielding a 13% increase, but a slip below support could see Solana dip to $185.
Dogizen offers a compelling alternative to investors
In contrast to the rollercoaster ride of XRP and Solana, Dogizen emerges with a different narrative. With the presale of its DOGIZ token nearing its end on February 7th, 2025, Dogizen has already raised $4,028,605 out of a $4,760,000 goal, showing significant investor interest.
The DOGIZ token is currently going for $0.000089 after steady increments with each presale stage. In the next presale stage, the token’s price is expected to jump to $0.000094.
Positioned as the first Initial Coin Offering (ICO) on Telegram, Dogizen leverages the platform’s vast user base to redefine gaming and crypto interaction. With over 1 million users already engaged, the project’s foundation is built on community involvement and innovative gaming solutions.
Dogizen’s roadmap focuses on expanding its gaming ecosystem, which could offer stability in contrast to the more volatile trends seen in XRP and Solana. The project’s tokenomics are designed with a community-centric approach, allocating 40% of its total supply to its community, which could foster a more stable token price through shared incentives.
While XRP and Solana face immediate pressures from market corrections, Dogizen’s structured growth plan and community engagement might provide a safer investment environment. It’s not immune to market volatility, but its unique position in the Telegram ecosystem and its focus on gaming could make it a compelling alternative for those looking to diversify away from traditional crypto assets showing signs of bearish trends.
With market analysts predicting further dips for established cryptocurrencies like XRP and Solana, Dogizen stands out by offering a blend of innovation, community, and a new platform for growth in the Telegram environment.
Whether it will prove to be a ‘safe-haven’ remains to be seen, but for investors wary of current market dynamics, Dogizen presents an intriguing option to consider.
Strategy unveils a new Bitcoin logo and orange color scheme representing its Bitcoin strategy
Saylor is expected to discuss the rebrand during the company’s earnings call on Wednesday evening
Strategy currently has 471,107 Bitcoin in reserve worth $45.8 billion
MicroStrategy, the largest corporate Bitcoin holder, has announced it’s rebranded to Strategy and unveiled a new Bitcoin logo.
In a post on X, Michael Saylor, co-founder of Strategy, simply said: “new brand, same strategy,” with an image of him in front of the company’s new logo.
In an announcement released on February 5, Strategy said the rebrand was a “natural evolution of the company, reflecting its focus and broad appeal.” The stylized “B” in the new logo represents Strategy’s Bitcoin strategy while the orange color highlights “energy, intelligence, and Bitcoin,” according to the press release.
Strategy’s stock ticket, MSTB, remains the same.
The rebrand comes ahead of the company’s earnings call on Wednesday evening, during which Saylor is expected to discuss it.
Bitcoin buying strategy
Since 2020, Strategy has employed a Bitcoin buying strategy; however, over the past year, it has ramped up its efforts. In November, Saylor announced that the company was raising $21 billion from a stock sale so it could buy more Bitcoin.
According to data from SaylorTracker, the company currently has 471,107 Bitcoin worth $45.8 billion.
Claiming that Bitcoin represents digital capital, Saylor urged Microsoft to adopt Bitcoin, stating that “Bitcoin represents the greatest digital transformation of the 21st century.”
