⚠️【Can Exchanges Even Withstand It? The Giants’ Market Cap Is Halved, and They Start to Rescue Themselves】⚠️

The exchange Gemini, founded by the Winklevoss twins, is facing a severe test👇
Its market cap has been cut in half, and its stock price is down more than 50% this year
Layoffs of about 30%, and withdrawing from multiple countries’ markets
Financial pressure continues to rise
Now, they’re starting “self-rescue”:
👉 Plan to convert about $330 million in debt into equity to ease funding pressure
As of the end of 2025, the company is still owed/owing approximately 4,619 BTC, and this adjustment will directly change its capital structure. After the news broke, the stock price rebounded briefly, but the overall trend remains weak.
Behind this is one thing:
Even leading exchanges can’t escape the cycle.
In one sentence:
In a bull market, it’s all about expansion; in a bear market, it’s all about survival.
Remember:
When the market is good, everyone looks like an expert;
But the only people who can truly make it to the end are those who can endure the winter. #BTC #加密市场回升 #以太坊基金会已出售3750枚ETH $TNSR $DASH $AKE