Gemini revealed $282.5M in losses for H1 2025 as it made its IPO filing 
public, confirming plans to list on Nasdaq under GEMI.
The post Gemini makes IPO filing public, plans Nasdaq listing under ticker 
GEMI appeared first on Crypto Briefing.

Gemini makes IPO filing public, plans Nasdaq listing under ticker GEMI

The Ronin team said that a more performant blockchain and Ethereum’s Wall 
Street appeal drove the decision to return to the ecosystem.

Axie Infinity creator Ronin network coming back to Ethereum as L2

Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to 
$117,180, climbing back toward $119,000 at the time of writing. A declining 
leverage ratio suggests the top cryptocurrency’s bullish momentum could 
persist, keeping it in the running for a new all-time high (ATH) in the near 
term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According to a CryptoQuant 
Quicktake post by contributor Arab Chain, Bitcoin’s leverage ratio across all 
cryptocurrency exchanges has sharply declined from its late-July and early- 
August peak of 0.27. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As 
Market Trades Below On-Chain Fair Value Of $117,700 Notably, the ratio dropped 
to 0.25 in early August before a modest rebound. In contrast, the period from 
May to late July saw both the price and leverage ratio climb in tandem, 
signaling an influx of traders opening larger positions. In contrast, this 
time leverage has fallen without a comparable drop in price &#8211; a sign that risk 
has eased since the recent uptrend. Arab Chain notes that this may be the 
result of high-risk positions being liquidated or traders exiting the market 
amid volatility. With BTC holding around $119,000, the lower leverage ratio is 
a bullish sign, suggesting that the latest price gains are fueled more by 
genuine liquidity than speculative excess. A continued decline in leverage 
could further reduce the likelihood of a sharp correction. Conversely, a 
sudden spike in leverage alongside a price rally would raise the risk of a 
pullback. The analyst added: If leverage remains at moderate or low levels 
while the price remains stable, this could provide a stable base for a new 
uptrend. An estimated leverage ratio (ELR) holding between 0.24–0.25, 
accompanied by a gradual price break above 120K, could indicate a spot- 
supported upside and a possible extension toward the July highs, with moderate 
funding and slowly rising open interest. However, a quick jump in the leverage 
ratio above 0.27 before or during a test of $120,000–$124,000 could signal 
high liquidation risk and the potential for a sharp downward “shakeout.” On- 
Chain Data Points To Potential Selling Pressure While lower leverage is 
encouraging for Bitcoin bulls, on-chain data &#8211; particularly rising exchange 
reserves and whale transfers &#8211; hints at possible selling pressure ahead. 
Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order 
Size And Rising Retail Activity For instance, Binance’s BTC reserves have 
recently surged to 579,000, raising concerns of profit-taking after Bitcoin’s 
recent rally to a fresh ATH. Likewise, more BTC miners are moving their 
holdings to Binance, potentially preparing to sell. Adding to the caution, 
some analysts warn of a possible pullback to $110,000 to fill outstanding fair 
value gaps. At press time, BTC trades at $118,672, down 0.1% in the past 24 
hours. Featured image from Unsplash, charts from CryptoQuant and 
TradingView.com

Bitcoin Holds Near $119,000 As Lower Leverage Reduces Correction Risk

The latest legal battle between Digital Currency Group and Genesis centered on 
a promissory note issued amid the collapse of Three Arrows Capital in 2022.

Digital Currency Group sues subsidiaries over $1.1B promissory note

The Trump nominee made the comments during a televised news interview early 
Friday morning on Fox Business. Paul Atkins Once Again Pledges Clearer Crypto 
Guidelines From the SEC Project Crypto, a bold new initiative currently being 
undertaken by the U.S. Securities and Exchange Commission (SEC) will primarily 
focus on providing “clarity and certainty” to industry […]

Cryptocurrency price in KRW