Binance names Gillian Lynch as head of Europe and UK to lead its MiCA compliance and expansion across regulated crypto markets. Binance, the world’s largest cryptocurrency exchange, has appointed Gillian Lynch as its new head of Europe and the United Kingdom, signaling a renewed push to secure regulatory approval across the region. Lynch brings more than 20 years of leadership experience in fintech, banking and digital assets. She previously held senior roles at Gemini, Bank of Ireland and Leveris. The appointment, announced Friday, comes as Binance faces increasing scrutiny in Europe and seeks to align with the European Union’s Markets in Crypto-Assets Regulation (MiCA). Lynch will oversee Binance’s regional strategy, day-to-day operations and regulatory engagements across key European and UK markets. Read more
Gemini says Strategy (MSTR) is its only tokenized stock for now, with more tokenized stocks and ETFs launching in "the coming days." Crypto exchange Gemini has launched a tokenized version of Michael Saylor’s Strategy (MSTR) stock for users in the European Union, allowing them to invest in the Bitcoin-buying firm onchain. “Traditional financial rails are hard to access and in need of modernization,” Gemini said in a statement on Friday. “Tokenized stocks solve this problem by giving investors greater access with fewer restrictions,” it added. Read more
Gemini has accused the CFTC’s enforcement division of using a false whistleblower report to form its 2022 lawsuit against the crypto exchange. Gemini Trust claims it was a “selfish desire” by the Commodity Futures Trading Commission’s litigators to advance their careers that allowed “dubious” charges to be brought against the crypto exchange in 2022. In a letter on Friday to CFTC Inspector General Christopher Skinner, Gemini alleged the agency’s Division of Enforcement lawyers relied on a dodgy whistleblower report to sue the company. “DOE Staff selectively and unfairly weaponized the Commodity Exchange Act [....] to bring dubious false statements charges against Gemini,” lawyers for the exchange claimed. Read more
Gemini is set to receive approval from Malta, while Coinbase is expected to get the green light from Luxembourg, according to Reuters. Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in their expansion under the newly implemented Markets in Crypto-Assets (MiCA) regulations. Gemini is on track to receive approval from Malta, while Coinbase is expected to obtain its license through Luxembourg, Reuters reported Monday, citing unnamed sources familiar with the matter. A Coinbase spokesperson declined to comment on the specific application but told Reuters that Luxembourg is a “well-respected global financial center.” Read more
Crypto IPO season is underway. Circle’s explosive debut has fueled filings from Gemini and Bullish, with Kraken, BitGo, and Consensys potentially next. Key takeaways: Circle’s IPO was a success, with CRCL soaring almost 290% and sparking renewed investor interest. New IPO filings from Gemini and Bullish signal growing momentum, and more crypto-native firms may prepare to enter public markets. Read more
Gemini’s November 2021 fundraise of $400 million valued the exchange at $7.1 billion, though it has had challenges since. Cryptocurrency exchange Gemini 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 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. Read more
The R1-0528 model features enhanced reasoning capabilities, with DeepSeek asserting it’s closing the gap with OpenAI’s and Google’s latest models. DeepSeek, a China-based artificial intelligence company, has announced an upgrade to its AI chatbot, saying it can now offer enhanced overall logic, mathematics and programming with a reduced hallucination rate. According to DeepSeek, the upgraded model — DeepSeek-R1-0528 — has “significantly improved its depth of reasoning and inference capabilities.” The startup said the model’s overall performance is now “approaching that of leading models, such as O3 and Gemini 2.5 Pro.” DeepSeek’s debut of its R1 chatbot in January sent shockwaves through the AI industry and further established China as an AI force. The company’s first AI model had a training cost of $6 million and similar performance to leading AI models trained on significantly larger sums of capital. Read more
The United Kingdom has seen the sharpest growth in new crypto users despite the country’s not adopting crypto regulation or its own “MiCA equivalent.” Update (May 27, 3:00 pm UTC): This article has been updated to add a comment by Gemini’s head of Europe. The United Kingdom is leading the world in increasing cryptocurrency ownership among its population in 2025, outpacing economies including the United States, according to a new study by Gemini. Gemini, the US-based crypto exchange founded by Cameron and Tyler Winklevoss, on May 27 released its latest “State of Crypto” report, giving insights into changes in the global adoption of cryptocurrencies like Bitcoin (BTC). Read more
Gemini’s new derivatives offering in Europe will include perpetual futures and other derivatives, which will be available to advanced exchange users. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe. Gemini secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union, it announced on May 9. “Once we commence business activities, we will be able to offer regulated derivatives throughout the EU and EEA [European Economic Area] under MiFID II,” said Gemini’s head of Europe, Mark Jennings. Read more