Gemini set aside more than $16 million for expected credit losses tied to identity fraud, almost as much as the $16.2 million its credit card business generated in Q2.

Tyler and Cameron Winklevoss each gave MAGA Inc. $5 million after Gemini collected a series of favorable decisions from both of America's main watchdogs.

The CFTC is trying to unwind its own enforcement case against Gemini after concluding that the crypto exchange shouldn't have been sued in the first place.

Gemini shares jumped after Cameron and Tyler Winklevoss put $100 million into their own crypto exchange, giving it a lift after a rough post-IPO slide.