SnapshotWall Street’s “back office”—powered by mergers & acquisitions and capital markets—is bogged down. For over three years, investment banking has failed to reach 25 percent of top bank revenues, hitting its worst stretch since 2014 . Macro Forces at Play• Elevated interest rates & geopolitical tensions are boosting market volatility.• Paradoxically, while volatility boosts trading revenue…
🧭 Overview & Market Context Bullish, the cryptocurrency exchange backed by billionaire investor Peter Thiel and part of Block.one, has confidentially filed with the U.S. Securities and Exchange Commission (SEC) to launch an initial public offering (IPO). This marks a second attempt following a SPAC deal collapse in 2021 amid stricter regulation and rising interest…
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The filing, submitted on June 6, 2025, signals the company’s intent to go public, although specific details regarding the number of shares and…
