Senin, 09 Juni 2025

Gemini’s IPO move + Metaplanet’s BTC bet


Gemini files to go public, Metaplanet plans another big BTC buy, and more headlines this week in crypto.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

Gemini Submits IPO Filing, Metaplanet's Big BTC Buy Plan, and & News

June 1 - 7

#1

Winklevoss' Gemini submits confidential IPO filing amid renewed investor confidence

Cryptocurrency exchange Gemini, headed by Tyler and Cameron Winklevoss, has filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), according to a June 6 press release.

Gemini filed a confidential draft registration statement on SEC Form S-1, which allows a company to file for an IPO before publicly disclosing sensitive information. The filing comes amid renewed investor confidence as uncertainty due to trade wars has waned.

The number of shares to be offered and the price range per share have not been determined. No date was mentioned for when the IPO might occur.

Get the full story

#2

Japan's 'Strategy,' Metaplanet, to buy 91K Bitcoin in next 18 months

Metaplanet, also known as Japan's Strategy, has updated its Bitcoin acquisition plans to acquiring 100,000 BTC by the end of 2026.

Metaplanet on June 6 posted its new Bitcoin plan, increasing its previous target of 21,000 BTC.

"Our previous target — to hold 21,000 BTC by the end of 2026 — has now been dramatically revised upward. We now aim to hold 100,000 BTC by that time," Metaplanet CEO Simon Gerovich said in an announcement posted on X.

Metaplanet holds 8,888 BTC following its latest 1,088 BTC acquisition announcement on June 2. The new target means it is committing to buy at least 91,112 BTC in the next 18 months.

#3

Alleged French crypto kidnapping mastermind arrested in Morocco

A man suspected of being a key figure behind a series of recent crypto-related kidnappings in France has been arrested in Morocco.

At the request of French authorities, Morocco's national police and intelligence service arrested Badiss Mohamed Amide Bajjou — a 24-year-old French-Moroccan man who was reportedly found in possession of multiple bladed weapons and several mobile phones.

France's Minister of Justice, Gérald Darmanin, praised the arrest in a June 4 X post after French news outlet Le Parisien reported the arrest.

"I sincerely thank Morocco for this arrest, which demonstrates the excellent judicial cooperation between our two countries, particularly against organized crime," Darmanin said.

Prediction of the Week

Bitcoin rebounds to $105K, but is a 'bull trap' underway?

Bitcoin climbed toward $105,000 on June 6 after plunging to its lowest level in four weeks the previous day.

Traders questioned whether the sharp decline had been coordinated, especially following reports that US President Donald Trump and Chinese President Xi Jinping had resumed discussions over import tariffs.

The reasons behind Bitcoin's sudden drop on June 5 might never be fully clarified. Still, several contributing factors emerged, including fears of a potential economic recession, continued uncertainty surrounding the US Strategic Bitcoin Reserves, and speculation that custodians might be engaging in re-hypothecation practices.

If these concerns are valid, a quick return to the $110,000 level appears unlikely.

FUD of the week

US seizes 145 domains, crypto linked to BidenCash dark web market

US authorities seized 145 domains and an undisclosed amount of cryptocurrency tied to BidenCash, a dark web marketplace accused of trafficking millions of stolen credit cards and personal data.

The action, announced on June 5 by the US Attorney's Office for the Eastern District of Virginia, followed a court-authorized operation targeting the platform's infrastructure and financial flows. The seized domains are now redirected to a law enforcement-controlled server.

BidenCash, launched in March 2022, had grown to over 117,000 users and facilitated the sale of more than 15 million stolen payment card numbers and other personally identifiable information. The platform generated over $17 million in revenue during its operation, according to US officials.

FUD of the week

Crypto.com sues Nevada gaming body over block on sports event contracts

The derivatives arm of crypto exchange Crypto.com has sued the Nevada gaming and gambling regulator over its restriction on the trading of sporting event contracts.

North American Derivatives Exchange, Inc., which does business as Crypto.com's North American derivatives business, sued the Nevada Gaming Control Board in the state's federal court on June 3, claiming it improperly blocked the exchange from offering "derivative contracts that reference sporting events on its federally regulated market."

It claimed the regulator asserted jurisdiction with the "mistaken premise" that contracts traded on the exchange constitute "wagering on sporting events" subject to Nevada gaming laws.

Crypto.com argued that federal law, specifically the Commodity Exchange Act, grants the Commodity Futures Trading Commission exclusive jurisdiction over these types of financial instruments.