Gemini 股价较 IPO 下跌 80%，收购猜测再起

链捕手

Yesterday

ChainCatcher 消息，加密平台 Gemini 股价自上市以来已下跌约 80%，市值从峰值约 40 亿美元降至 7.53 亿美元，交易量、营收与平台资产均持续下滑，收购猜测随之再起。Gemini 第二季度交易所营收同比下降 38% 至 1250 万美元，现货交易量下降 66% 至 38 亿美元，平台资产从 182 亿美元降至 84 亿美元。

ARK Invest 数字资产研究总监 Lorenzo Valente 上月在 X 上发文称，离岸永续合约平台 Hyperliquid 应收购 Gemini，将其作为进入美国受监管市场的门户，用于永续合约与预测市场业务。温克莱沃斯兄弟持有 Gemini 94.5% 的投票权，或令交易谈判更为简化，但也意味着任何出售都必须获得二人批准。目前尚无迹象表明 Hyperliquid 正在积极推动收购。

尽管交易所业务萎缩，Gemini 仍持有竞争对手难以复制的监管牌照与批准，潜在买家或将权衡收购成本与自行申请牌照所需的时间和法律费用。这符合加密并购中买家日益看重监管基础设施、分销渠道与市场准入的趋势，例如 Keyrock 收购 BlockFills 交易资产、Ondo 探索至多 5 亿美元收购等。CoinDesk 今年 4 月曾报道，有潜在买家考虑收购 Gemini 已关闭的欧洲与英国业务以获取牌照。Gemini 拒绝对此置评。

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGemini 股价较 IPO 下跌 80%，收购猜测再起\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041503808\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/64f0784cc29a0d0070f6e968ef6ec7f5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">链捕手 </p>\n<p class=\"h-time\">2026-09-20 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>ChainCatcher 消息，加密平台 Gemini 股价自上市以来已下跌约 80%，市值从峰值约 40 亿美元降至 7.53 亿美元，交易量、营收与平台资产均持续下滑，收购猜测随之再起。Gemini 第二季度交易所营收同比下降 38% 至 1250 万美元，现货交易量下降 66% 至 38 亿美元，平台资产从 182 亿美元降至 84 亿美元。</p><p>ARK Invest 数字资产研究总监 Lorenzo Valente 上月在 X 上发文称，离岸永续合约平台 Hyperliquid 应收购 Gemini，将其作为进入美国受监管市场的门户，用于永续合约与预测市场业务。温克莱沃斯<a href=\"https://laohu8.com/S/002562\">兄弟</a>持有 Gemini 94.5% 的投票权，或令交易谈判更为简化，但也意味着任何出售都必须获得二人批准。目前尚无迹象表明 Hyperliquid 正在积极推动收购。</p><p>尽管交易所业务萎缩，Gemini 仍持有竞争对手难以复制的监管牌照与批准，潜在买家或将权衡收购成本与自行申请牌照所需的时间和法律费用。这符合加密并购中买家日益看重监管基础设施、分销渠道与市场准入的趋势，例如 Keyrock 收购 BlockFills 交易资产、Ondo 探索至多 5 亿美元收购等。CoinDesk 今年 4 月曾报道，有潜在买家考虑收购 Gemini 已关闭的欧洲与英国业务以获取牌照。Gemini 拒绝对此置评。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REDS","symbol_name":"RPM Republican Senate ETF","start_time":0,"source_url":"https://www.chaincatcher.com/article/2291107","article_id":"2668841091","we_media_id":"1041503808","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2668841091","pubTimestamp":1789916475,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"链捕手","introduction":"链捕手ChainCatcher 成立于 2018 年，是一家领先的中文 Web3 媒体及数据服务商。","home_visible":1,"id":"1041503808","head_image":"https://community-static.tradeup.com/news/64f0784cc29a0d0070f6e968ef6ec7f5"},"summary":" ChainCatcher 消息，加密平台 Gemini 股价自上市以来已下跌约 80%，市值从峰值约 40 亿美元降至 7.53 亿美元，交易量、营收与平台资产均持续下滑，收购猜测随之再起。Gemini 第二季度交易所营收同比下降 38% 至 1250 万美元，现货交易量下降 66% 至 38 亿美元，平台资产从 182 亿美元降至 84 亿美元。ARK Invest 数字资产研究总监 Lorenzo Valente 上月在 X 上发文称，离岸永续合约平台 Hyperliquid 应收购 Gemini，将其作为进入美国受监管市场的门户，用于永续合约与预测市场业务。温克莱沃斯兄弟持有 Gemini 94.5% 的投票权，或令交易谈判更为简化，但也意味着任何出售都必须获得二人批准。目前尚无迹象表明 Hyperliquid 正在积极推动收购。尽管交易所业务萎缩，Gemini 仍持有竞争对手难以复制的监管牌照与批准，潜在买家或将权衡收购成本与自行申请牌照所需的时间和法律费用。这符合加密并购中买家日益看重监管基础设施、分销渠道与市场准入的趋势，例如 Keyrock 收购 BlockFills 交易资产、Ondo 探索至多 5 亿美元收购等。CoinDesk 今年 4 月曾报道，有潜在买家考虑收购 Gemini 已关闭的欧洲与英国业务以获取牌照。Gemini 拒绝对此置评。 ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"REDS":"RPM Republican Senate ETF","BK4127":"投资银行业与经纪业","IPOS":"Renaissance International IPO ETF","KCE":"SPDR KBW Capital Markets ETF","FRHC":"Euronext CAC Health Care"},"translate_title":"Gemini's stock price fell 80% since its IPO, reigniting acquisition speculation.","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REDS":1.5,"KCE":1.5,"IPOS":1.5,"FRHC":1.5},"content_text":"ChainCatcher 消息，加密平台 Gemini 股价自上市以来已下跌约 80%，市值从峰值约 40 亿美元降至 7.53 亿美元，交易量、营收与平台资产均持续下滑，收购猜测随之再起。Gemini 第二季度交易所营收同比下降 38% 至 1250 万美元，现货交易量下降 66% 至 38 亿美元，平台资产从 182 亿美元降至 84 亿美元。ARK Invest 数字资产研究总监 Lorenzo Valente 上月在 X 上发文称，离岸永续合约平台 Hyperliquid 应收购 Gemini，将其作为进入美国受监管市场的门户，用于永续合约与预测市场业务。温克莱沃斯兄弟持有 Gemini 94.5% 的投票权，或令交易谈判更为简化，但也意味着任何出售都必须获得二人批准。目前尚无迹象表明 Hyperliquid 正在积极推动收购。尽管交易所业务萎缩，Gemini 仍持有竞争对手难以复制的监管牌照与批准，潜在买家或将权衡收购成本与自行申请牌照所需的时间和法律费用。这符合加密并购中买家日益看重监管基础设施、分销渠道与市场准入的趋势，例如 Keyrock 收购 BlockFills 交易资产、Ondo 探索至多 5 亿美元收购等。CoinDesk 今年 4 月曾报道，有潜在买家考虑收购 Gemini 已关闭的欧洲与英国业务以获取牌照。Gemini 拒绝对此置评。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-2","news_tag":"shareholding,merge","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}