Gemini secured a $100M strategic investment from Winklevoss Capital Fund as it continues reshaping its business beyond exchange-driven revenue. The fund bought Class A common stock at $14 per share and completed the deal in Bitcoin.

The backing came alongside the company’s first-quarter results, which showed revenue of $50.3 million, above the $47.9 million expected by analysts. Net loss also came in lighter than forecast at $0.93 per share versus the anticipated $1.03.

While exchange revenue declined 27% year-over-year to $17.2 million, credit card revenue surged nearly 300% to $14.7 million, and services revenue plus interest income rose 122% to $24.5 million.

According to CEO Tyler Winklevoss, the investment supports Gemini’s transition from a crypto-focused business into a broader markets company, aiming for more stable long-term revenue and reduced dependence on crypto market cycles.

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OKX is reportedly in talks to acquire a ~20% stake in South Korean crypto exchange Coinone, while Korea Investment & Securities is expected to take a similar-sized position through new share issuance rather than secondary sales.

Coinone is South Korea’s third-largest crypto exchange and one of only five platforms licensed for fiat-to-crypto trading, making regulated market access the main strategic value of the deal. 

This structure would inject fresh capital into Coinone without changing operational control. If completed, OKX would become only the second global exchange to hold a major stake in a Korean trading platform after Binance’s investment in Gopax.

The move also comes as South Korea prepares new ownership limits for exchanges under the upcoming Digital Asset Basic Act, which could force major shareholders to dilute over time.

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THORChain suffered a multi-chain exploit affecting one of its Asgard vaults, with estimated losses currently ranging from $7.4M to over $10M across Bitcoin, Ethereum, BSC, and Base.

THORChain paused swaps, outbound transactions, and network activity to prevent further losses while validators investigate the incident.

The attack targeted THORChain’s core custody infrastructure, where native assets are held through decentralized TSS-controlled Asgard vaults rather than wrapped bridges. Because these vaults secure native BTC, ETH, and other assets directly, the exploit impacts the protocol’s most critical layer.

The exact exploit vector is still unknown, with early investigation focused on vault management, TSS signing, or possible node compromise. Official post-mortem is still pending.

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Hermes, developed by Nous Research, became the most-used agent in the world in under three months, positioning it as the leading successor to OpenClaw in the open-source agentic AI ecosystem.

Dropee is the the world's first tool to create, deploy, and distribute mini-apps on Telegram at scale, positioning DROPEE as the central asset powering rewards, boosts, VIP features, and tooling purchases across its entire ecosystem of Telegram experiences.

Dropee has 12M total users, 4M monthly active users, 300K daily active users, and $400K in monthly recurring revenue.

Rachel Conlan, Global CMO at Binance, has been confirmed as an offline speaker at Incrypted Conference 2026, taking place June 13 in Kyiv, Ukraine. As head of marketing for the world's largest exchange, overseeing communications to hundreds of millions of users, her in-person appearance in Ukraine is a notable signal of the market's standing on the global Web3 map.

Binance Ukraine is joining the event as Diamond Partner, deepening the exchange's integration into the local ecosystem ahead of the conference.

Incrypted Conference 2026 is the flagship event of Ukrainian Blockchain Week 2026 and the largest crypto event in Eastern Europe, with 3,000+ attendees, 50+ speakers, 75+ companies, and 100+ media outlets expected across the day.

10B total supply. 60% to ecosystem. Mainnet launch is expected this summer. Testnet already processed 160M+ transactions with 100+ institutions including BlackRock, Visa, Goldman Sachs, and AWS.

With USDC as native gas token, ~0.5s settlement, and quantum-resistant wallet support built in from day one, Arc is shaping up as one of the most anticipated institutional launches of 2026.

Jupiter Poker is an action-selling platform that allows poker players to tokenize and sell shares of their tournament buy-ins directly to backers, with payouts settled onchain the moment results land.

For pros, the platform offers direct access to a global backer audience with listings live in minutes, replacing informal staking arrangements with transparent on-chain infrastructure.

MoonPay has acquired Dawn Labs, an applied AI and financial markets research lab, and simultaneously launched Dawn CLI, an AI-native trading tool that converts plain-English strategy descriptions into executable, autonomously running trading code.

This is MoonPay's seventh acquisition in just over a year, following Helio, Iron, Meso, Decent, Sodot, and DFlow; each adding a new layer to what the company is building.

Weekly snapshot:

• BTC ETFs: +$631.6M

• ETH ETFs: +$70.3M

ETF flows stayed constructive, continuing to channel institutional demand even as direct balance sheet expansion slowed.

Latest treasury moves:

• Strategy bought 535 BTC (~$43.0M)

Corporate accumulation outside Strategy remains subdued, with last week marking a breather after aggressive Q1 and April buying.

Structure remains unchanged: Strategy still dominates treasury activity, while ETFs provide a parallel route for capital deployment.