Gemini Stock Slides as Q3 Loss Overshadows Revenue Growth

The post Gemini Stock Slides as Q3 Loss Overshadows Revenue Growth appeared com. Gemini’s stock fell in post-market trading after the firm released its first quarterly earnings report since its initial public offering (IPO) in September. The crypto exchange experienced a 52% increase in net quarterly revenue, but posted a net loss of $159. 5 million, as operating expenses more than doubled from the same period a year earlier. Gemini’s Q3 Financial Performance The third quarter of 2025 was a pivotal one for the Gemini exchange, which went public in September 2025 and began trading under the symbol GEMI on the Nasdaq. In the latest shareholder letter, the firm highlighted that its net revenue reached $49. 8 million, a 52% from the previous quarter. Sponsored Sponsored Transaction revenue rose 26% quarter-over-quarter to $26. 3 million. Meanwhile, services revenue surged 111% to $19. 9 million. The service segment benefited from increased use of Gemini’s credit card, staking, and custody products. Still, the strong revenue growth was overshadowed by mounting expenses. Gemini posted a net loss of $159. 5 million, compared with $90. 2 million a year earlier, as costs swelled amid its IPO. The exchange’s loss per share was $6. 67, falling short of analysts’ estimates of a $3. 24 loss. Total operating expenses more than doubled to $171. 4 million, up from $76. 8 million a year earlier. The largest increases came from salaries and compensation. It rose to $82. 5 million, with sales and marketing increasing to $32. 9 million as the company intensified its promotional efforts. Adjusted EBITDA came in at negative $52. 4 million. “We believe the increase in operating expenses this quarter primarily reflected higher marketing and customer reward investments, and elevated stock-based compensation costs associated with our transition to life as a public company. Our expense trends otherwise remained consistent with our investment in growth and platform scale,” the shareholder letter read. Gemini also recorded mixed results from its crypto-related positions, including a.

UK-US Crypto Sandbox ‘Coming’ After Talks: Insider Claims

The post UK-US Crypto Sandbox ‘Coming’ After Talks: Insider Claims appeared com. Lisa Cameron, a former United Kingdom Member of Parliament and founder of the UK-US Crypto Alliance, told Cointelegraph she believes a joint “sandbox” between the United States and the United Kingdom is in development to align their crypto markets. Talking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Cameron said that, according to her organization’s understanding, “there will be a sandbox” resulting from a collaboration between the US and the UK. She added that the UK-US Crypto Alliance is “very excited about this potential.” Cameron said that the UK-US Crypto Alliance reached this conclusion after speaking with US Senators and members of the US Securities and Exchange Commission’s (SEC) Crypto Task Force. She said she would expect the sandbox’s purpose to be to “iron out some of this in terms of passporting” for crypto licenses between the UK and the US. “A lot of the organisations I’ve been speaking to would really like a regulatory clarity that can enable passporting between the UK and the US, and I think that that’s possibly also something that the EU could benefit from as well.” Lisa Cameron at UN City in Copenhagen, Denmark. Earlier on Monday, the Bank of England published a consultation paper proposing a regulatory framework for stablecoins. The new framework regulates sterling-denominated “systemic stablecoins” that are widely used in payments, much like the US’s GENIUS Act. The statement follows recent reports that treasury authorities in the US and UK created a transatlantic task force to explore “short-to-medium term collaboration on digital assets.” In mid-September, the UK and US were also reported to be preparing to deepen cooperation on digital assets. Reports at the time suggested that the UK was looking to copy the.

NFL makes final decision on 1-game suspension for Commanders’ Daron Payne

While Washington Commanders head coach Dan Quinn won’t have Terry McLaurin on offense, the defense will also be minus a key player as he takes control of play calls. The NFL made its final decision on Daron Payne’s one-game suspension, according to a post on X by Mike Garafolo. #Commanders DT Daron Payne’s suspension is [.] The post NFL makes final decision on 1-game suspension for Commanders’ Daron Payne appeared first on ClutchPoints.

The Best Beers In Canada—Winners Of The 2025 Canada Beer Cup

The post The Best Beers In Canada-Winners Of The 2025 Canada Beer Cup appeared com. Flacatoune from MicroBrasserie Charlevoix is the best beer in Canada, winning Best of Show gold at the 2025 Canada Beer Cup. Courtesy of MicroBrasserie Charlevoix Winners of the 2025 Canada Beer Cup were announced on November 10, 2025 at a gala held in Quebec City, Quebec. The best beers in Canada were also celebrated at satellite watch parties held in brewery taprooms across the country. Canada has almost 1, 400 breweries. Those breweries serve a population of fewer than 42 million people, meaning it has it has more breweries per capita than America. While America may be the home of the modern craft beer movement, Canada is a more competitive landscape. So, Canada boasts two national beer competitions: the Canadian Brewing Awards, founded in 2000, and the Canada Beer Cup, founded in 2022. In America, the Great American Beer Festival is the nation’s undisputed most-prestigious beer competition. But in Canada, both the Canadian Brewing Awards and the Canada Beer Cup are respected by both brewers and consumers. Winners at either-or, for the best breweries, both-are quick to celebrate. Despite this being just the fourth edition of the Canada Beer Cup, the competition has overtaken the Canadian Brewing Awards to become the country’s largest beer competition. This year, over 1, 800 beers-a record number of entries-from over 300 breweries representing every province and territory of Canada competed for medals. For the first time, the 2025 Canada Beer Cup included awards for cider, divided into five categories. The Canada Beer Cup is organized by the Canadian Craft Brewers Association, which is composed of representatives of brewing associations representing the provinces of Canada. The Canadian Craft Brewers Association represents the interests of Canada’s commercial craft breweries through advocacy, lobbying and education. “A number of beer competitions around the world are seeing reduced numbers of entries,.