Gemini shares sink after reporting wider-than-expected loss in Q3: CNBC Crypto World

Gemini shares sink after reporting wider-than-expected loss in Q3: CNBC Crypto World

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, major cryptocurrencies fall after rallying the day before on hopes that the record-setting U.S. government shutdown could be nearing an end. Plus, Gemini shares sink after the crypto exchange reported a wider-than-expected loss. And, Alexander…

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Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold

Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold

Key Points Luckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S. The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue. Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and…

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