Gemini Stock Falls 80%

New YorkGemini’s market value fell to $753 million.

Cameron and Tyler Winklevoss hold 94.5% of voting power, so any sale needs their approval.

Second-quarter exchange revenue fell 38% to $12.5 million and spot volume dropped 66%, leaving regulatory infrastructure as the asset.

ARK Invest’s Lorenzo Valente argued Hyperliquid should buy it, though no bid exists.

Sources: CoinDesk