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The U.S. added an estimated 178,000 jobs in March, rebounding from unexpectedly large job losses in February, according to data released Friday morning. March’s gains were about three times what economists expected, and the unemployment rate edged down to 4.3%. Why the March jobs report matters Market watchers generally viewed…
National shareholder rights law firm Hagens Berman is notifying investors that a securities class action lawsuit has been filed against Gemini Space Station, Inc. (NASDAQ: GEMI) and certain top executives, including founders Cameron and Tyler Winklevoss. The litigation follows disclosures that, according to the firm, caused Gemini’s stock to trade more than 75% below its initial public offering (IPO) price. The firm is urging Gemini investors who suffered significant losses to discuss their rights.
The lawsuit, Methvin v. Gemini Space Station, Inc., et al., No. 1:26-cv-02261, was filed in the U.S. District Court for the Southern District of New York.
The action seeks to recover losses for all persons and entities who purchased or otherwise acquired Gemini common stock pursuant to and/or traceable to the company’s September 12, 2025 IPO, and/or Gemini securities between September 12, 2025, and February 17, 2026, inclusive.
According to the complaint, Gemini made material misstatements and omitted critical information, including in its IPO materials. The firm’s summary of the allegations includes:
Reed Kathrein, a Hagens Berman partner leading the firm’s investigation, said the firm is examining whether Gemini may have misled investors by portraying the company as focused on international exchange growth while allegedly failing to disclose an imminent pivot to prediction markets.
The firm states that investors who purchased Gemini common stock in or traceable to the September 2025 IPO, or during the class period, have until May 18, 2026 to ask the Court to appoint them as Lead Plaintiff.
The firm also notes that persons with non-public information regarding Gemini should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. It states that whistleblowers who provide original information may receive rewards totaling up to 30% of any successful recovery made by the SEC.
In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…
