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Winklevoss Twins Considering Taking Gemini Public: Report

"We are certainly open to it,” Cameron Winklevoss said in the interview.

Updated Sep 14, 2021, 10:56 a.m. Published Jan 14, 2021, 1:19 p.m.
winklevoss twins

Gemini Trust, the cryptocurrency exchange and custodian founded by twins Tyler and Cameron Winklevoss, could soon go public, according to a Bloomberg report.

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  • The Winklevoss twins said in an interview they are considering taking the New York-based digital-asset firm public due to the rising interest in cryptocurrencies.
  • “We are definitely considering it and making sure that we have that option. We are watching the market and we are also having internal discussions on whether it makes sense for us at this point in time. We are certainly open to it,” Cameron Winklevoss said in the interview.
  • Bitcoin prices have climbed from $10,000 to $41,000 over the past three months. The price of bitcoin was at $38,400 at the time of publication.
  • The Winklevoss twins are longtime cryptocurrency investors and co-founded Gemini in 2014.
  • On Thursday, the brothers announced the launch of the Gemini Credit Card offering cryptocurrency rewards.

Read more: Winklevoss-Founded Gemini to Offer Credit Card With Crypto Rewards

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits

Bitcoin miners (Shutterstock)

Anthropic is set to raise $20 billion in its latest funding round, double the amount it initially targeted, according to the FT.

What to know:

  • Anthropic, the maker of the Claude chatbot, is set to raise about $20 billion in new funding at a valuation of $350 billion, according to the Financial Times.
  • That's double the amount the company initially sought to raise.
  • The news is boosting spirits in the AI sector, with bitcoin miners turned AI infrastructure providers like IREN, TeraWulf, Cipher Mining and Hut 8 surging higher.