Gemini, Winklevoss Twins Sued By Investors For ‘False’ IPO Claims, Operational Shifts — Crypto Exchange’s Q4 Loss Deepens

‘False, Misleading Statements’

The lawsuit claimed that Gemini failed to disclose several key issues in the documents supporting its IPO, according to San Diego-based plaintiffs’ law firm Robbins LLP. These include overstating the viability of its core business as a cryptocurrency platform and its international expansion.

The lawsuit also alleged that the company’s post-IPO financial and business prospects were overstated. The plaintiffs stated that the offering documents and public statements made by co-founders, Tyler and Cameron Winklevoss, were “materially false and misleading.”

The shareholders pointed to a blog post by the Winklevoss twins dated Feb. 5, announcing a…

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Bitcoin, XRP, Dogecoin Steady, While Ethereum Dips Amid Middle East Oil Crisis: Analyst Says BTC Approaching ‘Potential Launchpad’ For Next Bull Cycle

Leading cryptocurrencies traded flat, while stocks extended their gains on Thursday as Israel says it’s “holding off” future strikes against Iran’s critical energy sites.

Bitcoin Consolidates After Correction

After a steep drop yesterday, Bitcoin stabilized in the $70,000 range, with trading volume staying low. Ethereum also settled around the $2,100 zone after pulling back from $2,300.

Bitcoin’s dominance stood at just over 58%, while Ethereum accounted for 10.7% of cryptocurrency market total capitalization.

Over $400 million was liquidated from the cryptocurrency market over the past 24 hours, predominantly long positions, according to Coinglass data.

Open interest in Bitcoin…

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North Carolina Lawmakers Propose State Bitcoin Reserve

North Carolina lawmakers introduced legislation on Wednesday to create a state-controlled Bitcoin reserve. 

Senate Bill 327, titled the North Carolina Bitcoin Reserve and Investment Act, would allow the Office of the State Treasurer to allocate up to 10% of public funds into BTC as part of the state’s long-term financial strategy.

The bill, sponsored by Senators Johnson and Overcash, passed its first Senate reading and was referred to the Rules and Operations Committee. Its stated goals include establishing a Strategic Bitcoin Reserve, promoting BTC as a financial innovation, and positioning North Carolina as a leader in state-level crypto adoption.

Under the proposal, the…

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Bitcoin Struggles At $70,000 As Ethereum, XRP, Dogecoin Reverse Gains

Bitcoin tapped $70,000 on Thursday as cryptocurrencies reversed most of their gains from earlier in the week.

Notable Statistics:

Coinglass data shows 124,449 traders were liquidated in the past 24 hours for $437.34 million.

SoSoValue data shows net outflows of $163.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $55.7 million.

In the past 24 hours, top losers include Worldcoin, Bittensor and Artificial Superintelligence Alliance.

Notable Developments:

Trader Notes: Ted Pillows said Bitcoin has yet to fully sweep downside liquidity, suggesting another move lower could occur to trigger stop-losses and collect orders.

At the same time, he noted…

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Adam Back Confirmed As A Bitcoin 2026 Speaker

Adam Back has been officially confirmed as a speaker at Bitcoin 2026, returning to the conference as one of the few people in the world whose contributions to Bitcoin predate Bitcoin itself. As Co-Founder and CEO of Blockstream and CEO of Bitcoin Standard Treasury Company (BSTR), Back comes to Las Vegas operating at the intersection of Bitcoin infrastructure and capital markets like never before.

In 1997, Back invented Hashcash — a proof-of-work system originally built to combat email spam that became the direct technical foundation for Bitcoin’s mining process. Satoshi Nakamoto cited Back by name in the Bitcoin white paper, writing that the network would need “a proof-of-work…

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Despite A 47% Price Drop, Bitcoin Traders Aren’t Selling

Bitcoin faced a dramatic market correction in early 2026, plunging 46% from its $126,000 all-time high and briefly dipping below $61,000 on February 6. 

The drop erased over $1 trillion in market value and prompted headlines warning of a defining crypto moment. Social media feeds filled with reactions, yet most holders remained on the sidelines.

A survey by Oobit of 1,006 American Bitcoin holders and sentiment analysis of 117,630 posts across 10 major crypto subreddits reveals that fear did not translate into widespread selling. 

Anxiety and hope dominated emotional responses, with 39% of holders reporting anxiety and 38% hope. 

Despite the turbulence, 69% of respondents had neither…

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Is Crypto Evolving Beyond Speculation Into A Real Alternative To Traditional Banking?

Crypto is gradually evolving beyond speculation into a viable alternative to traditional banking, according to Jupiter Exchange President Xia Ju.

Stablecoins Lead The Shift

Ju said on the When Shift Happens podcast on Thursday the transition begins with stablecoins, which already function as tokenized dollars for payments and remittances.

The next step is the tokenization of real-world assets, including equities and credit, bringing more financial activity on chain.

Ju outlined three key pillars for the next three to five years:

Onchain super apps: Platforms that integrate trading, lending and payments into a single interface.

Crypto-powered payments: Systems that enable global spending… Read more on Benzinga

Morgan Stanley’s Bitcoin ETF To Trade As ‘MSBT’ On NYSE

Morgan Stanley has confirmed that its proposed spot bitcoin exchange-traded fund will trade under the ticker MSBT on NYSE Arca, according to an updated filing with the U.S. Securities and Exchange Commission.

The filing outlines the structure of the Morgan Stanley Bitcoin Trust, a passive investment vehicle designed to track the spot price of bitcoin through direct holdings. 

Shares of the trust will reflect the value of bitcoin held in custody, offering exposure through brokerage accounts without requiring direct ownership of the asset.

The trust plans to seed the fund by issuing 50,000 shares, expected to raise about $1 million in initial proceeds.

The ticker MSBT places the product…

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Bitcoin’s Quantum Risk May Be Real, But The Network Is Preparing: Report

Galaxy Digital’s latest report says the risk that quantum computing could compromise Bitcoin is real, but so is the work underway to protect the network.

The firm’s research frames the issue as a long-term engineering and governance challenge rather than an imminent crisis, with developers already building tools that could reshape how the network secures trillions in value.

At the center of the concern is a simple premise. Bitcoin relies on cryptographic signatures to prove ownership of coins. Those signatures, based on elliptic curve cryptography, are considered secure against classical computers. 

How Quantum Computing could break Bitcoin

A sufficiently advanced quantum machine…

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Forward Borrows Against Solana Stack At 3.4% To Repurchase 6 Million Shares

Forward Industries (NASDAQ:FWDI) will repurchase 6.16 million shares for $27.4 million using a $40 million loan from Galaxy Digital at 3.4% APR, increasing SOL-per-share by 29% annualized.

The Share Repurchase Math

The transaction reduces Forward’s common shares outstanding from 83.14 million to 76.98 million, the company announced Thursday.

As of March 18, Forward holds 7.01 million SOL with 105.89 million fully diluted shares outstanding, resulting in SOL-per-share of 0.0662 versus 0.0624 on December 31.

The company borrowed $40 million at a weighted average annual interest rate of approximately 3.4% with an average weighted maturity of 4.9 months. 

The facility is secured by fwdSOL held…

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