Gemini sued over post-IPO strategy shift, declining stock price

Burns Brief

Crypto exchange Gemini is facing a proposed class-action lawsuit over what a complaint alleges is an “abrupt corporate pivot to a prediction-market-centric business model” after its IPO The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.