Gemini joins IPO wave with Nasdaq listing plan amid crypto market boom
Daily top performer — BIO Protocol (BIO)
The S&P 500 gained 0.94% last week, hitting a record high as optimism over a September Fed rate cut lifted markets, with focus now on the Jackson Hole symposium for policy signals. Gold slipped to around $3,330 as strong US inflation data cut Fed rate cut bets, though safe-haven demand from US-Ukraine talks may cushion losses. CoinDesk Indices, which track the broader crypto market, fell 1.33% in the past 24 hours, while Bitcoin and Ether down 1.45% and 2.79%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is BIO, up 20.8% following the launch of Bio Markets, funding for a clinical trial, and the debut of Molecule V2 signaling the next growth phase for DeSci.
BIO Protocol (BIO), founded in 2022, is a financial framework for DeSci that channels capital and talent into on-chain scientific ecosystems via BioDAOs. It enables efficient IP markets, ensures ongoing funding and liquidity, and standardizes frameworks, tokenomics, and data systems to help scientific communities scale. Bio launched Bio Markets to provide real-time analytics and trading for DeSci assets, while staking surpassed 125M BIO. Cerebrum DAO secured funding for a Percepta® brain health clinical trial, and Molecule V2 introduced a hybrid token-equity model to bridge DeSci with traditional finance, alongside a new DeSci Shop. Ecosystem highlights included PsyDAO’s psilocybin derivative discovery, Quantum Biology DAO’s quantum microscope progress, and SpineDAO’s clinician-linked SBTs. Community initiatives featured a 1M BioXP content contest and expanded BIO liquidity via dYdX and Aerodrome.
Check out the latest prices, charts, and data of BIOUSDT perp contracts!
Talk of the town
Gemini has filed an S-1 with the SEC to go public on Nasdaq under the ticker GEMI, though details on share count, pricing, and timing remain undisclosed. Founded in 2014 by Tyler and Cameron Winklevoss, the exchange’s IPO will be underwritten by Goldman Sachs, Citigroup, Morgan Stanley, and Cantor. The move comes amid strong investor appetite for crypto listings, with Gemini positioning itself to capitalize on a friendlier US regulatory climate under President Trump.
Bitcoin spot ETF flows
Date | GBTC (M USD) | Non-GBTC (M USD) | Total (M USD) |
11 August 2025 | 7.5 | 170.6 | 178.1 |
12 August 2025 | (21.6) | 87.5 | 65.9 |
13 August 2025 | 0.0 | 86.9 | 86.9 |
14 August 2025 | 0.0 | 230.8 | 230.8 |
15 August 2025 | (81.8) | 67.7 | (14.1) |
Total (weekly) | (95.9) | 643.5 | 547.6 |
Current Total (from inception): | (23,804) | 78,759 | 54,955 |
BTC spot ETFs recorded $547.6M in net inflows during Aug 11–15, 2025, with strong contributions from non-GBTC funds (+$643.5M) offset by GBTC outflows (–$95.9M). Flows were volatile, highlighted by a $230.8M surge on Aug 14 and a $14.1M drop on Aug 15. Since inception, ETFs have attracted $54.96B net inflows, driven by non-GBTC products (+$78.76B) while GBTC has shed $23.8B.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
Airdrop to watch
Bless will allocate 10% of total BLESS tokens for its mainnet launch, starting with the Chapter 0 airdrop that issues 100 million TIME (8.5% of supply), while 1.5% is reserved for exchange listings. Registration runs August 13–21, 2025, with eligibility based on node uptime, testnet participation, and community activity, subject to strict Sybil filtering. After validation, users can claim within a 14-day window, choosing between instant redemption (no boost) or staking for up to an 18-month lock with a 15x multiplier. Undecided claims default to the 18-month stake. Rewards will be distributed proportionally based on boosts, ensuring long-term community members receive a larger share.