😎 Sigma shakeup

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Happy Hump Day!

Maybe you missed our last couple of emails, but Blockworks Editorial is in deep learning mode this week. So these newsletters are briefer than usual.

We’re back to regular programming starting Monday. For now, enjoy these newsbites!

• Gemini has increased its IPO target raise to $433 million, up from $317 million, and now aims for a $3 billion valuation.

• Washington DC’s Attorney General has sued Bitcoin ATM operator Athena Bitcoin for allegedly charging undisclosed fees on deposits and inadequate anti-fraud measures.

• Eric Trump has been removed from Alt5 Sigma’s board following a meeting with regulators.

• Kraken has rolled out its tokenized stock platform xStocks to customers in the European Union.

• Appchain thesis still in play: “Should blockchains be single-purpose?” asks Blockworks’ Byron GIlliam for The Breakdown.

• Ben Strack covers the latest S&P 500 developments for Forward Guidance, which saw HOOD included but MSTR left out.

• Optimism has won the bid to onboard Ronin into its layer-2 ecosystem, and Kate Irwin has the details for The Drop.

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