Potential buyers are evaluating an acquisition of parts of Gemini Space Station (GEMI), the crypto exchange backed by the billionaire Winklevoss twins, according to a person with direct knowledge of the matter.

The New York-based firm said in February that it was cutting its global workforce by 25% and shutting down its operations in the U.K., the European Union and Australia and keeping only its U.S. and Singapore businesses.

Some would-be acquirers are interested in buying the company’s now-shuttered operations in Europe and the U.K. to obtain regulatory licenses in these jurisdictions and are not interested in a full takeover of the Nasdaq-listed company, the person said, who spoke on condition of anonymity as the matter is private.

A company spokesperson declined to comment.

Gemini extends beyond a trading venue, offering institutional custody, staking and yield products, and payments infrastructure enabling fiat–crypto on- and off-ramps. It has also built brokerage and clearing capabilities, positioning itself as a full-service platform rather than just an exchange. The firm also provides a crypto rewards credit card, allowing users to earn digital assets on everyday spending.

Regulatory approvals

In Europe, Gemini operated under a combination of national registrations across several jurisdictions and a Markets in Crypto-Assets (MiCA) license that enabled it to offer services across the EU single market.

In the U.K., the exchange is registered with the Financial Conduct Authority (FCA) as an electronic money institution (EMI), allowing it to provide certain regulated payment services. It also appears on the FCA’s register of approved cryptoasset service providers.

Securing regulatory approvals in Europe and the U.K. can take years, which is why acquiring Gemini’s now-shuttered operations makes sense, the person added.

Under Europe’s MiCA regime, a crypto license doesn’t simply transfer to a new owner in an acquisition. Instead, any takeover of a licensed firm is treated as a “change of control” event, meaning regulators reassess the deal rather than automatically allowing the authorization to pass.

Acquirers must notify the relevant national competent authority and, in many cases, secure approval, or at least a formal non-objection, before closing, effectively subjecting the new owner to regulatory scrutiny similar to a fresh applicant.

The Financial Conduct Authority takes a very similar approach. A crypto firm registered with the FCA does not have a transferable license in an acquisition. A takeover is treated as a change of control, not a transfer of authorization.

Volatile run

Gemini’s shares have been volatile since its September 2025 IPO.

The stock was priced at $28 in its IPO, opened above $37 and closed its first day around $32, with intraday gains of more than 30% signaling strong investor demand.

However, that early momentum quickly unraveled.

The stock has since collapsed from its post-listing highs and now trades at around $4.36, down more than 80% from its IPO price, underscoring a steep loss of investor confidence amid a broader crypto market downturn and company-specific headwinds.

Senior departures

The company recently parted ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO), and chief legal officer (CLO), the exchange disclosed in a February filing.

COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade all left with immediate effect, according to the filing. Beard also resigned from Gemini’s board of directors, with the firm stating his departure was not the result of any disagreement related to its operations, policies or practices.

The departures came just days after Gemini announced it would shut down its crypto exchange operations in the U.K., European Union and Australia.

Gemini shares were 11% higher after the news. Short interest is 15% of the float according to FactSet data.

Read more: Gemini stock falls 10% after it parts ways with COO, CFO and Chief Legal Officer months after IPO

UPDATE (April. 9, 6.20 pm UTC): Updates story with the share price move and short interest data.

The window of opportunity in the digital asset market is closing faster than most traders realize. While many investors wait for mainstream news outlets to confirm a breakout, the real wealth is being generated in the quiet moments before the vertical climb.

Identifying the best crypto to buy right now requires a shift in perspective from following the crowd to anticipating the needs of the future global financial infrastructure. The market is currently signaling a massive rotation into projects that offer more than just hype; it is hungry for scalability, interoperability, and genuine utility.

Those who hesitate to diversify into these high-conviction assets today may find themselves watching from the sidelines as the most promising opportunities move out of reach forever.

1. BlockDAG (BDAG): The 95x Opportunity of the Year

BlockDAG is currently dominating conversations as the best crypto to buy right now due to a unique pricing gap that savvy investors are exploiting for maximum gain. On CoinMarketCap, the asset has already crossed the $0.02 threshold, after validating the early projections made by market makers who foresaw a climb to $0.4. With that milestone achieved, the trajectory is now set for a $1 valuation in the near future.

However, a massive opportunity remains for those who know where to look. While the public market price reflects steady growth, individuals can still acquire BDAG tokens directly through the BlockDAG website for just $0.0000061. This price difference creates a mathematical path toward 95x returns for those who act before the direct sale window terminates.

The momentum behind this project is fueled by its upcoming accessibility on several major trading platforms. Liquidity and volume are expected to surge as BDAG becomes tradeable on XT.com, LBank, Coinstore, Biconomi, BitMart, P2B, AscendEX, and more. These listings ensure that once the direct purchase phase concludes, the asset will have the global reach necessary to sustain its march toward the $1 target.

Investors are rushing to secure their positions at the fractional entry price of $0.0000061, recognizing that the current discrepancy between the direct sale and the market price is a rare chance to front-run the broader retail market.

2. Chainlink (LINK): The Essential Backbone of DeFi

Chainlink remains a staple for anyone searching for the best crypto to buy right now because it functions as the central nervous system for decentralized finance. It provides the essential oracle infrastructure that bridges the gap between isolated blockchains and the vast amount of data existing in the real world.

Without the reliable data feeds provided by Chainlink, smart contracts would be unable to execute based on price fluctuations, weather patterns, or even sports results. This makes LINK a fundamental necessity rather than a speculative luxury, as the entire DeFi ecosystem relies on its accuracy to maintain its integrity and security.

Beyond simple data delivery, the project has introduced the Cross-Chain Interoperability Protocol (CCIP), which is setting the global standard for how different blockchains communicate. This technology has caught the attention of major traditional financial institutions like Swift and DTCC, which are using Chainlink to explore how tokenized assets can be settled across various networks.

Because node operators must stake LINK as collateral to secure the network, there is a direct correlation between the adoption of these services and the demand for the token. As more global banks integrate CCIP, the pressure on LINK’s circulating supply could lead to a significant valuation shift.

3. Polkadot (DOT): Leading the Multi-Chain Future

Polkadot offers a sophisticated solution to the problem of blockchain fragmentation, making it a top contender for the best crypto to buy right now. Its unique architecture allows various specialized blockchains, known as parachains, to run in parallel while leaning on the central Relay Chain for their security.

This setup allows developers to build chains that are perfect for one specific task without having to worry about building their own security from scratch. With the transition toward Polkadot 2.0 and the implementation of async backing, the network has seen a massive boost in how many transactions it can handle, drastically reducing wait times for users.

One of the most significant changes to the ecosystem is the introduction of Coretime. This new model changes how blockspace is distributed, making it much more affordable and flexible for new projects to join the network compared to the old auction system.

For those holding DOT, the project offers a governance system that provides actual power over the network’s future, including how the treasury is spent. Additionally, with staking rewards currently sitting between 14% and 16% APY, DOT provides a way to grow a portfolio through passive income while the broader ecosystem of specialized chains continues to expand.

4. Cosmos (ATOM): Powering the App-Chain Revolution

Cosmos is built on the belief that the future of the internet consists of thousands of independent blockchains, and it provides the tools to make that happen. The Cosmos SDK is currently the most popular framework for creating custom blockchains, utilized by heavy hitters like Celestia and the BNB Chain.

This widespread use ensures that ATOM remains at the heart of a massive network of interconnected apps. The Inter-Blockchain Communication (IBC) protocol is the secret sauce here, allowing over 100 different chains to trade data and assets instantly, creating a web of value that is unmatched in its fluidity.

The value of the ATOM token has recently been strengthened by the introduction of interchain security. This allows the main Cosmos Hub to lend its security to newer, smaller chains. In return, ATOM stakers receive a portion of the revenue generated by these newer projects.

This creates a diversified reward stream for holders, who earn from both the main hub and the various “consumer chains” it protects. For investors looking for the best crypto to buy right now, ATOM represents a diversified bet on the entire “app-chain” philosophy, capturing value from every new project that chooses to build within the Cosmos ecosystem.

Which is the Best Crypto to Buy Right Now?

The current market window presents a rare alignment of technological maturity and undervalued entry points. While the fear of missing out often drives irrational decisions, the data behind these four projects suggests that the real risk lies in inaction.

From the massive 95x potential found in the BlockDAG direct purchase to the institutional-grade stability of Chainlink, Polkadot, and Cosmos, the best crypto to buy right now is defined by utility and scalability.

Securing a position in these assets today is not just about catching a trend; it is about owning a piece of the infrastructure that will define the next decade of finance. The opportunity to buy at these levels is a fleeting moment in a rapidly accelerating market cycle.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

UK-led Operation Atlantic froze over $12M in crypto scam proceeds tied to “approval phishing,” identifying 20,000+ victims and $45M in suspected fraud.

UK, US and Canadian law enforcement have frozen more than $12 million in suspected crypto scam proceeds in a coordinated action targeting “approval phishing” schemes that hit over 20,000 victims. The joint effort, dubbed Operation Atlantic and led by the UK’s National Crime Agency (NCA), focused on scams that trick users into signing malicious on‑chain approvals, allowing attackers to drain tokens directly from victims’ wallets. Authorities say total fraud linked to the identified infrastructure exceeds $45 million.

According to the NCA, Operation Atlantic was co‑hosted with the U.S. Secret Service, Ontario Provincial Police and the Ontario Securities Commission, and ran as an intensive, week‑long initiative in March. Rather than only tracing funds after the fact, agencies worked to “identify victims who have lost, or were at risk of losing, cryptocurrency through ‘approval phishing’,” securing assets before criminals could move them further down the laundering chain. Chainalysis, which supported the operation, described the approach as targeting “a fast-growing threat: approval phishing scams that trick victims into granting criminals permission to drain their wallets,” and noted that the effort “secured and frozen more than $12 million in suspected criminal proceeds” while mapping over $45 million in stolen crypto tied to related schemes.nationalcrimeagency.

crypto scam funds found

Private sector firms played a visible role. Binance said its Special Investigations team provided on‑site support at the NCA’s London headquarters, including “live account screening and scam intelligence” and the identification of still‑active scam websites, but stressed that “no funds were frozen on Binance as part of the operation.” In a statement supporting the action, Binance called approval phishing “one of the most damaging types of scams targeting crypto users today,” arguing that Operation Atlantic shows “how effective crime fighting is possible when private and public partners move together to stop fraud at the source.” NCA deputy director of investigations Miles Bonfield said the operation “has led to the safeguarding of thousands of victims in the UK and overseas, stopped criminals in their tracks and helped save others from losing their funds,” adding that fraudsters “operate globally and, together with our international partners, so will the NCA to target them wherever they are based.”

While the sums recovered are small relative to the broader crypto market, the operation highlights both the growing sophistication of on‑chain fraud and the increasing willingness of law enforcement and major exchanges to coordinate in near real time. It also underlines a practical lesson for users: the most dangerous transaction is often the one you approve yourself.

Coinspaid has partnered with The Residency to give early-stage founders preferential access to its stablecoin and crypto payment infrastructure, usually reserved for larger fintechs.

Coinspaid, one of Europe’s largest blockchain payment infrastructure providers, has entered a strategic partnership with The Residency, a global community for early-stage founders and innovators. The deal will give startups inside The Residency access to Coinspaid’s stablecoin and payment stack on preferential terms normally reserved for larger fintechs and scale-ups.

The Residency has built a reputation for backing ambitious founders in a tight network of operators, researchers and tech leaders, including advisors like Sam Altman, who has long argued that talent and innovation often flourish outside traditional tracks. In that context, the partnership is designed to turn “who’s in the room” into “what infrastructure you can actually plug into,” by giving early teams access to compliant, production-grade payments plumbing from day one.

Coinspaid brings blockchain to Europe

Under the collaboration, Residency startups will be able to tap Coinspaid’s stablecoin processing and payout architecture, direct multi-chain connectivity and node infrastructure, automated on-chain settlements and liquidity management, plus developer-ready APIs and payment interfaces. They will also receive exclusive commercial terms, priority access to Coinspaid’s full suite of payment, treasury and settlement tools, and built-in compliance logic and risk controls already used by thousands of businesses. For founders trying to move money across borders or streamline treasury without building everything in-house, the offer aims to compress both time and regulatory friction.

“Startups need reliable, compliant financial infrastructure from day one, especially in fast-moving markets like the blockchain industry and digital finance,” said Pavel Kashuba, Strategic Leader at Coinspaid. “We’re excited to partner with The Residency and equip founders with solutions that help them scale confidently and securely.” The Residency’s founder, Nick Linch, framed it as an upgrade to the community’s toolkit: “Coinspaid brings world-class technology and a track record of enabling businesses to grow at scale. This partnership will provide our founders with access to infrastructure that would typically be out of reach for early-stage companies.”

Both organizations position the agreement as more than a simple vendor discount. By lowering the barrier to compliant, cross-border crypto payments and stablecoin rails, they are effectively betting that the next generation of digital commerce and fintech companies will expect institutional-grade infrastructure from the moment they launch, not years later.

Securitize has appointed former U.S. Securities and Exchange Commission (SEC) official Brett Redfearn as president and a member of its board, adding regulatory experience as the firm prepares to go public this year.

Redfearn, who previously led the SEC’s Division of Trading and Markets, will work with Securitize’s leadership team to scale its offerings across issuance, trading and fund administration, the company announced in a press release. The company focuses on turning traditional financial assets, such as funds or private credit, into blockchain-based tokens that can be traded more easily.

His appointment comes at a time when tokenization is gaining traction among large financial firms. Banks and asset managers are testing ways to move assets onto blockchain rails in an effort to speed up settlement and widen access to investors.

Securitize is positioning itself as a regulated bridge between those institutions and digital asset infrastructure. The hire adds weight to Securitize’s leadership as it prepares for a proposed public listing through a business combination with Cantor Equity Partners II. It also reflects a broader trend of firms bringing in former regulators to navigate a complex policy environment.

“Brett has been instrumental in how modern markets are structured and regulated,” Securitize co-founder and CEO Carlos Domingo said in a statement. “He is deeply familiar with our business, leadership team, and long-term vision.”

Redfearn brings experience from both traditional finance and crypto. Before joining Securitize, he founded Panorama Financial Markets Advisory, advising exchanges and asset managers. He also served as head of capital markets at Coinbase (COIN), where he worked on expanding institutional participation in digital assets. Prior to joining the SEC, Redfearn was at JP Morgan for over a dozen years.

World Liberty Financial, the crypto venture co-founded by the Trump family, has executed a series of transactions through decentralized finance (DeFi) lending protocol Dolomite that raises questions about insider access, circular token economics, and concentrated risk to other depositors.

Onchain records analyzed by CoinDesk, sourced from Etherscan, Arkham and publicly accessible wallet data, show the sequence began on Feb. 8, when WLFI’s treasury deposited 14 million USD1, its own dollar-pegged stablecoin, into Dolomite as collateral and borrowed 11.4 million USDC against it.

Minutes later, 11.45 million USDC moved to a Coinbase Prime deposit address, per Arkham. Two days later, 12.5 million USD1 was sent from the treasury to a separate Coinbase Prime deposit address. Coinbase Prime is typically used for converting crypto to fiat or for institutional OTC trading.

That 12.5 million USD1 was not borrowed from Dolomite. It moved directly from WLFI’s treasury wallet to the exchange, meaning the venture sent its own stablecoin straight to a fiat off-ramp.

But the WLFI token entered the picture twelve days later. On Feb. 20, the treasury deposited 890 million WLFI into Dolomite and borrowed 20 million USD1 against it.

On March 24, another 1.1 billion WLFI followed. In total, 1.99 billion WLFI tokens now sit as collateral inside Dolomite, and the treasury has received roughly 31.4 million in stablecoins from the protocol across both episodes.

The choice of protocol is not incidental, however.

Dolomite co-founder Corey Caplan is an advisor to World Liberty Financial. WLFI now sits at the top of Dolomite’s supplied-assets list with $458.9 million in supply liquidity, roughly 55% of the protocol’s entire $835.7 million total.

The structural concern sits in Dolomite’s USD1 pool. USD1, which now has $4.6 billion in circulation, ranks second on the protocol with $180 million supplied against $167.5 million borrowed, a utilization ratio of about 93%.

The USD1 supply rate sits at 16.24% and the borrow rate at 9.18%, figures that reflect concentrated borrowing activity rather than broad organic demand.

At that utilization, ordinary depositors who lent USD1 to the pool expecting to withdraw at will cannot all do so at once. Their funds are effectively locked until the large borrower repays.

The collateral backing the WLFI-denominated borrow is a separate problem.

WLFI trades with limited market depth relative to the size of the position. If the token moves sharply lower and Dolomite’s liquidation mechanism triggers, the forced sale would crash the price before the collateral could be unwound, leaving the protocol holding bad debt that would fall on the same retail depositors who currently cannot exit.

Activity escalated in April through a different route. On April 2, the WLFI treasury sent 2 billion WLFI to a Gnosis Safe proxy wallet at address 0x44a681DD. Five days later, it sent another 1 billion.

Neither transfer went directly to Dolomite, and onchain data does not yet show where those tokens are headed. The three billion additional tokens are worth roughly $266 million at WLFI’s current price of $0.0888.

World Liberty Financial did not immediately respond to CoinDesk’s request for comment.

Yuga Labs has settled its NFT counterfeiting lawsuit against artist Ryder Ripps and business partner Jeremy Cahen. The parties have filed proposed orders to permanently block Ripps and Cahen from using Yuga’s imagery and trademarks, according to Reuters, citing court documents.

The settlement concludes the legal dispute over alleged unauthorized use of Yuga’s intellectual property, namely involving its Bored Ape Yacht Club (BAYC) collection. Terms of the settlement have not been disclosed beyond the trademark and imagery restrictions outlined in the proposed court orders.

Sources: Reuters

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

What appeared to be a down day in crypto markets has turned positive after Israeli Prime Minister Benjamin Netanyahu said he told his cabinet to start negotiations with Lebanon as soon as possible. This came after NBC News reported that President Trump had requested Netanyahu scale back bombing in Lebanon as it threatened Monday’s announced ceasefire.

Bitcoin quickly rose about 3% as the news hit, now trading at $72,300, up 2% over the past 24 hours. U.S. stocks also reversed modest early losses, with the Nasdaq now ahead 0.65%. Having surged to nearly $103 per barrel earlier in the day, WTI crude oil quickly pulled back to $98.60.

Bitcoin is notably outperforming other crypto majors, with ether (ETH), solana (SOL) and XRP (XRP) all higher by less than 1%.

Continued divergence with software stocks

Firmly linked at the hip in recent months, bitcoin and software stocks continued to diverge on Thursday. The iShares Expanded Tech-Software ETF (IGV) fell 4%, approaching a key support level around $76, a level it has tested and rebounded from multiple times.

Over the past month, bitcoin is up 9%, while IGV is down 12%.

On a 20-day moving average basis, the correlation coefficient between Bitcoin and IGV has dropped to a relatively low 0.34, reinforcing the recent divergence in their price movements.