温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/hi/55676.html
点击访问原文链接

Losing in social, gaining in crypto: The Winklevoss twins and Gemini’s road to IPORecommended Articles | Bee Network

进入原网站 导航首页
Losing in social, gaining in crypto: The Winklevoss twins and Gemini’s road to IPORecommended Articles | Bee Network Login ट्रेंडिंग न्यूज़ मीम लॉन्चपैड एआई एजेंट डेस्सी टॉपचेनएक्सप्लोरर न्यूबी के लिए 100x सिक्के मधुमक्खी खेल आवश्यक वेबसाइटें एपीपी अवश्य होना चाहिए क्रिप्टो हस्तियाँ डेपिन नौसिखिया आवश्यक ट्रैप डिटेक्टर बुनियादी उपकरण उन्नत वेबसाइटें एक्सचेंजों एनएफटी उपकरण नमस्ते, साइन आउट वेब3 यूनिवर्स खेल डीऐप मधुमुखी का छत्ता बढ़ता हुआ मंच विज्ञापन खोज अंग्रेज़ी रिचार्ज सिक्के लॉग इन करें डाउनलोड करना वेब3 यूनी खेल डीऐप मधुमुखी का छत्ता विज्ञापन घर•विश्लेषण•Losing in social, gaining in crypto: The Winklevoss twins and Gemini’s road to IPORecommended Articles Losing in social, gaining in crypto: The Winklevoss twins and Gemini’s road to IPORecommended Articlesविश्लेषण7 महीने पहलेहाँव्याट 25,398 20

This time, the spotlight is on twin brothers Tyler and Cameron Winklevoss, a pair already etched in the pages of American entrepreneurship textbooks. Over a decade ago, their legal battle with Mark Zuckerberg made global headlines; a decade later, they became among the first investors to make a significant bet on Bitcoin amidst the क्रिप्टो boom.

Today, Gemini’s listing isn’t just a symbol of further regulatory compliance for crypto CEXs; it’s also a sign that the two brothers have regained their footing in the new wave of US capital markets. They lost in social networks, but gained in the crypto wave.

Image source: Bloomberg

IPO season, Gemini sprints to go public According to the latest news, Gemini publicly filed a registration statement (Form S‑1) with the U.S. Securities and अदला-बदली Commission (SEC) on August 15, 2025, intending to list on the Nasdaq Global Select बाज़ार under the ticker symbol GEMI. Prior to this public filing, Gemini also filed a confidential IPO application in February 2025.

According to documents filed by Gemini, Gemini is choosing a traditional IPO, with Goldman Sachs and Citigroup serving as lead underwriters, with Morgan Stanley, Cantor Fitzgerald, and other institutions participating in the underwriting team. However, the prospectus does not yet disclose the offering price range or the specific share size. SEC approval is still required, and the listing date has not yet been determined.

Renaissance Capital estimates that Gemini’s IPO could raise approximately $400 million. Additionally, the company has secured a $75 million credit line from Ripple to enhance liquidity through its RLUSD stablecoin, but has yet to draw down on it.

It’s worth noting that Gemini is currently experiencing financial pain. According to its S-1 filing, for the six months ending June 2025, the company reported revenue of $68.6 million, but a net loss of $282.5 million, significantly higher than the $41.4 million reported in the same period last year. Trading fees remain the primary source of revenue, accounting for approximately 66% of total revenue in the first half of 2025. Gemini also provides services such as custody, staking, and the issuance of its stablecoin, Gemini Dollar (GUSD).

This round of IPOs also occurred amidst a generally recovering US IPO market, with a particularly strong showing for digital asset companies. Circle (a stablecoin issuer) and Bullish (a crypto trading platform) completed their IPOs a few months ago and last week, respectively. Coinbase was also included in the S&P 500 index, significantly boosting market recognition of compliant trading platforms.

The most compatible twins on Wall Street Compared to Gemini itself, the story of the two founders may be more interesting.

In the summer of 1981, Tyler and Cameron Winklevoss were born into a family of both academics and wealth. Their father, Howard, was a professor of actuarial science at the Wharton School of the University of Pennsylvania and an investor. The brothers grew up in Greenwich, Connecticut, a quiet town known for its wealthy, where manicured lawns and yacht marinas were common sights.

The Winklevoss brothers and their father

As teenagers, the Winklevoss twins were practically perfect: high achievers, handsome, and boundless energy. They taught themselves programming and were tinkering with websites by the age of thirteen or fourteen. They also took turns playing guitar and drums in their band. Their mother always said they were mirror images from birth: the same blue eyes, the same high cheekbones, even their cries had a certain synchronized rhythm.

Their subsequent youthful paths overlapped almost perfectly: undergraduate economics studies at Harvard University, further studies at Oxford University, and a rowing career that went down in sports history. At Harvard, they were the backbone of the varsity rowing team, nicknamed the “God Squad” by their teammates for their coordinated strokes.

Winklevoss brothers rowing

In 2008, they represented the United States in the coxless doubles event at the Beijing Olympics, finishing sixth. While they missed out on a medal, the long-term training they put into synchronized breathing, and the intense unity of muscles and will on the water, laid the foundation for their future partnership in starting a business.

The dispute with Zuckerberg In their junior year at Harvard, they launched a campus social networking site, HarvardConnection, which was a new idea they had been thinking about for a long time: if Harvard students’ profiles, photos, and relationships could be put on the same site, it might become a new way to socialize.

This idea later evolved into a dispute between them and Zuckerberg.

The brothers were star rowers, skilled at getting their oars into the water, but they were also deeply interested in technology. However, they weren’t top programmers, so they teamed up with classmate Divya Narendra to develop a website. During this process, they found a sophomore to help with the coding—his name was Mark Zuckerberg.

The story unfolds with even greater drama than fiction. Initially, the brothers had high hopes for Zuckerberg, believing he could help complete the core functionality of the website. But after a few weeks, Zuckerberg’s messages became less and less frequent, and progress remained elusive. He offered various excuses: heavy workload, system bugs, needing more time. Then, one day, the brothers discovered that Zuckerberg had quietly launched a website called TheFacebook. Its interface and style were strikingly similar to their vision for HarvardConnection, with only a different name and domain name.

The anger quickly turned to legal action. In 2004, the brothers and Narendra sued Zuckerberg, accusing him of stealing ideas and source code. The lawsuit dragged on, and Zuckerberg’s Facebook expanded rapidly, becoming one of Silicon Valley’s hottest companies.

This tangled story was also brought to the screen by Hollywood in the movie “The Social Network”.

In 2008, they settled for $65 million, including a significant amount of Facebook stock. At that moment, they became the “Facebook losers.” But fate often reverses: a few years later, that money was their ticket to the world of cryptocurrency.

They first heard about Bitcoin in 2012. At the time, few truly understood the technology, but the brothers keenly sensed its potential. They used part of the proceeds from the settlement to purchase Bitcoin, ultimately holding 70,000, or about 1% of the total supply. What was then a small bet has now become a multi-billion dollar legend.

Some people joked that if it weren’t for the dispute with Facebook, there might not be Gemini today.

In 2014, Gemini was born. The brothers decided not to be the ones who “missed out on Facebook,” but to firmly navigate this wave of technological change. Unlike the trading platforms that were growing wildly and operating in a murky area at the time, Gemini embraced regulation from the outset, applying for a trust license from the New York State Department of Financial Services (NYDFS) and strictly adhering to Wall Street compliance standards. The brothers even introduced a daily Bitcoin auction mechanism, mimicking Nasdaq-style trading rules, hoping to reassure institutional investors.

The division of labor between the brothers gradually became clear. Tyler focused more on internal affairs and strategy, excelling at management and meticulous execution; Cameron, on the other hand, was the spokesperson, preferring to appear in public and tell Gemini’s story. Their roles, one insider and one outsider, were clearly defined, and their rapport became almost instinctive.

Compared to Binance and OKX, Gemini hasn’t experienced rapid expansion; compared to Coinbase, Gemini lacks the Silicon Valley engineering romance. They’re often labeled “compliance advocates,” appearing in suits at congressional hearings and before media cameras, emphasizing the need for institutionalization and legal protection for cryptocurrencies.

Today, according to Bloomberg estimates, the brothers each hold over 5% of Gemini’s shares, with a personal net worth of $7.5 billion and a combined wealth of $15 billion. Their names are no longer just about their feud with Zuckerberg; they are now deeply intertwined with the rise of Bitcoin and the development of regulated trading platforms.

The previous defeat was reversed by another technological wave.

यह लेख इंटरनेट से लिया गया है: Losing in social, gaining in crypto: The Winklevoss twins and Gemini’s road to IPORecommended Articles

Related: ALT tokens returned to zero in four hours, Crypto Beasts multi-million dollar harvest Original author: Fairy, ChainCatcher Original editor: TB, ChainCatcher Yet another manipulation scandal has surfaced, this time it’s Crypto Beast. The big KOL with nearly 800,000 fans was shouting orders to create momentum while pulling up the market, shipping goods, and reaping the profits. On July 14, the token Altcoin (ALT) promoted by Crypto Beast plummeted from $0.19 to $0.003, and its market value evaporated by nearly $190 million in just a few hours. 45 wallets associated with him on the chain sold the token simultaneously, cashing out a total of more than $11 million. This article will review the complete process of this harvesting event and reveal the truth behind the operation. ALT Collapse: Crypto Beast’s Manipulation Puzzle From skyrocketing to plummeting, it only took five days. On July 9,…

# विश्लेषण# बिटकॉइन# क्रिप्टो# डेफी# एक्सचेंज# मार्केट© 版权声明सरणी 上一篇 Strategy’s “Moonshot” PlanRecommended Articles 下一篇 RWA Weekly Report | Circle to Launch ARC, a Public Stablecoin Blockchain; Dinari to Launch Dinari Financial Network, a L 相关文章 The crypto market is experiencing a major correction. Is the bull market retracing its course or has it already ended? 6086cf14eb90bc67ca4fc62b 14,256 Multicoin: Why Are We Bullish on Stablecoins Becoming FinTech 4.0? 6086cf14eb90bc67ca4fc62b 11,093 2 Is Tether’s Gold Token XAUT Worth Buying? 6086cf14eb90bc67ca4fc62b 10,826 1 From dislocation to simultaneous decline: the cryptocurrency-stock linkage reaches a crossroadsRecommended Articles 6086cf14eb90bc67ca4fc62b 21,413 1 गर्मSolana officially named 12 noteworthy new projects. 6086cf14eb90bc67ca4fc62b 21,214 3 CoinW Research Institute Weekly Report (2025.6.16-2025.6.22) 6086cf14eb90bc67ca4fc62b 26,273 1 कोई टिप्पणी नहीं टिप्पणी करने के लिए आपको लॉगिन होना होगा! तुरंत लॉगइन करें कोई टिप्पणी नहीं... नवीनतम लेख Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 21 घंटे पहले 653 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 21 घंटे पहले 706 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 21 घंटे पहले 653 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 21 घंटे पहले 543 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 21 घंटे पहले 629 लोकप्रिय वेबसाइटेंTempoLighterजीएआईबीग्लाइडरप्लांकरेल्सबीसीपोकरवूई Bee.com दुनिया का सबसे बड़ा Web3 पोर्टल भागीदारों कॉइनकार्प बिनेंस कॉइनमार्केटकैप कॉइनगेको कॉइनलाइव कवच बी नेटवर्क ऐप डाउनलोड करें और वेब3 यात्रा शुरू करें सफेद कागज भूमिकाएँ सामान्य प्रश्न © 2021-2026. सर्वाधिकार सुरक्षित।. गोपनीयता नीति | सेवाओं की शर्तें बी नेटवर्क ऐप डाउनलोड करें और वेब3 यात्रा शुरू करें दुनिया का सबसे बड़ा Web3 पोर्टल भागीदारों CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors सफेद कागज भूमिकाएँ सामान्य प्रश्न © 2021-2026. सर्वाधिकार सुरक्षित।. गोपनीयता नीति | सेवाओं की शर्तें खोज खोजइनसाइटऑनचेनसामाजिकसमाचार उत्तर: एयरड्रॉप शिकारी डेटा विश्लेषण क्रिप्टो हस्तियाँ ट्रैप डिटेक्टर हिन्दी English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia اردو Русский हिन्दी

智能索引记录