Big Changes at Gemini

So, guess what? Gemini, the crypto exchange masterminded by the Winklevoss twins—yes, those guys—has decided to shake things up a bit. On Thursday, they announced they’re trimming 25% of their staff. Ouch! But wait, there’s more! They’re also waving goodbye to the UK, EU, and Australia. Talk about a global game of musical chairs!

Bitcoin’s Rollercoaster Ride

The news rolls in just as Bitcoin decides to take a nosedive, dropping below $70,000. Yup, we’re back to pre-party levels, wiping out all those fun gains since it hit the dizzy heights of $69,000 in 2021. If Bitcoin were a singer, it would be singing the blues right now!

Gemini’s New Focus

But fear not! Gemini has a plan—cue the dramatic music! They’re pivoting their focus back to the good ol’ US market and pulling a tech-savvy move by diving into AI-powered productivity and prediction markets. In their shiny “Gemini 2.0” update, they’re bragging about how smaller, AI-enhanced teams are now the way to go. It’s the corporate version of saying, “less is more!”

Gemini Predictions: The Future Looks Bright?

Hold onto your hats! Gemini has made some waves with its Predictions platform, claiming it processed over $24 million since its launch. Looks like fortune-telling might be the next big thing in crypto!

Nifty Gateway Shuts Down

And there’s more drama; the Nifty Gateway marketplace is getting the curtain call on February 23. Why? Because NFT trading volumes are down, down, down! Users, time to dust off those crypto wallets and withdraw your treasures before things get too chilly. But don’t worry, NFT support is still hanging around via the Gemini Wallet.

The Market Blues

With all this news, it’s no wonder that Gemini’s stock took a dive too—nearly 7% on Thursday! Since its IPO debut back in September 2025, its shares have plummeted almost 80%. Yikes! They really need to get that rollercoaster back on track.

The Path to Profitability

In the end, Gemini thinks that by scaling down their operations and narrowing their focus, they’ll save some cash and speed up the journey to profit. Fingers crossed for them! Let’s see if this shake-up will lead to better days—or if they’ll just keep getting dizzy on this wild crypto ride!