Welcome to the US Crypto News Morning Briefing-your essential rundown of the most important developments in crypto for the day ahead.
Grab yourself a cup of joe, folks, ’cause them markets are dancin’ a jig more twisty than a snake oil salesman’s tale. Between Wall Street throwin’ their hats in the ring for crypto stocks, analysts gettin’ all warm and fuzzy over new listings, and rumors that Bitcoin might be sizin’ up a spot in them central bank vaults-well, somethin’ mighty queer could be brewin’ under TradFi’s fancy veneer. 😜
Crypto News of the Day: Gemini Wins Wall Street Confidence as Analysts See 25% Upside
Crypto exchange Gemini’s got off to a bang-up start on Wall Street after its splashy Nasdaq ding-dong-a-ling. Ain’t that somethin’? 🤷♂️
A recent US Crypto News article spilled the beans on the public listin’. Barely a month gone by, and eleven big-shot financial outfits are divin’ in to cover its stock under GEMI, like flies on a picnic. Talk about attention!
Accordin’ to Matthew Sigel, that head honcho of Digital Assets Research at VanEck, the breakdown’s got six “buy” ratings and five “holds.” The VanEck fella also lets on that price targets run from $25 to $42. Fancy that. 😉
The general consensus target’s pointin’ to about 25% upside from where it’s tradin’ now-a rare glimmer of faith in this wild west of crypto equities. But don’t get too excited, not everyone’s singin’ from the same hymnbook.
“While we acknowledge that Gemini’s growth profile is superior relative to the peer group, the company is expected to remain largely unprofitable throughout the forecast period. As such, we believe a discount [to peers] is warranted as the impact from execution and market risk is elevated,” Sigel reported, citing the bear case according to Keefe, Bruyette & Woods (KBW). Ah, love that guarded optimism-kinda like bettin’ on a lame horse. 🐴
Still, Gemini’s spreadin’ its wings wide, with over 523,000 monthly active users in 60 countries and $18 billion in assets. That’s what sets it apart in this cutthroat arena, or so they say. Stay tuned! 📈
Gemini’s IPO hauled in $425 million at a whoppin’ $3.3 billion valuation, hailin’ a big milestone for crypto’s comeback to the big leagues. The listin’ came right after they shook hands with Ripple for some liquidity boost, showin’ how crypto’s gettin’ chummy with the old-money crowd. Progress, I reckon. 🤝
The firm’s post-IPO party’s drawn a heap of institutional eyeballs, thanks to its growth stats and the nudge to kickstart crypto IPOs after years of regulatory winters that’d make your teeth chatter. Brrr! ❄️
It follows in the footsteps of Coinbase’s 2021 hullabaloo, where IPO backers finally saw the green in July-four years late to the party, as US Crypto News itself reported. Patience is a virtue, or so they tell ya. 🙄
But Gemini’s different with them Winklevoss twins runnin’ the show-offerin’ a smorgasbord of services from custody to derivatives, all wrapped in compliance bows. Ain’t that the cat’s pajamas?
Accordin’ to Sigel, Gemini’s lookin’ cautiously sunny, while cohorts like Coinbase (COIN), Robinhood (HOOD), and BlackRock’s iShares Bitcoin Trust (BLSH) got average targets trailin’ their market prices. So perchance Gemini’s primed for a quick buck. 🔮
Macro Tailwinds: Bitcoin’s Institutional Future and New Index Launches
Gemini’s debut’s caught a wave of institutional cheer across the crypto seas. In a recent US Crypto News scoop, Deutsche Bank’s eggheads prophesy Bitcoin could cozy up in central bank balance sheets by 2030. Can you imagine? 💥
CENTRAL BANKS MAY HOLD BITCOIN BY 2030: DEUTSCHE BANK
Deutsche Bank economists say Bitcoin could join gold on central bank balance sheets by 2030 as its role as a reserve asset strengthens. They cite growing legitimacy, deeper liquidity, and clearer regulation. Although…
– *Walter Bloomberg (@DeItaone) October 7, 2025
This’d shove Bitcoin right up there with gold as a world-reserve doodad. The bank’s quotin’ risin’ legitimacy, juicier liquidity, and less volatility-suggestin’ US cheerleaders could help Bitcoin ditch its “speculative” rep. From clown car to luxury sedan! 🚗
Meanwhile, S&P Global’s rolled out the Digital Markets 50 Index, trackin’ 15 cryptocurrencies and 35 crypto equities. This screams how even stodgy benchmarks are warm to crypto as mainstream hoo-ha. Who’s next, grandma investin’ in NFTs?
In today’s US Crypto News tall tale, three yarns are weavin’:
- Gemini’s gettin’ a cautious nod from the analysts, 😂
- Bitcoin flirtin’ with central bank love, 😍
- And Wall Street rejoinin’ the bash. 🎉
These tales hint that crypto’s next big act might be more about public markets than blockchain magic. Now that’s a plot twist!
Chart of the Day
Eleven Wall Street firms, includin’ Morgan Stanley, Goldman Sachs, and Citi, jump on the coverage bandwagon post-IPO with 6 Buys, 5 Holds, and targets from $25 to $42. Diversity in opinions-ain’t life grand? 🤔
Byte-Sized Alpha
Crypto Equities Pre-Market Overview
| Company | At the Close of October 6 | Pre-Market Overview |
| Strategy (MSTR) | $359.69 | $355.95 (-1.04%) |
| Coinbase (COIN) | $386.07 | $383.34 (-0.71%) |
| Galaxy Digital Holdings (GLXY) | $38.84 | $39.90 (+2.73%) |
| MARA Holdings (MARA) | $20.57 | $20.48 (-0.445) |
| Riot Platforms (RIOT) | $21.56 | $21.66 (+0.46%) |
| Core Scientific (CORZ) | $17.91 | $17.94 (+0.17%) |
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2025-10-07 20:57