Red Ink & Green Lights: Gemini Files for Its IPO, The Fed Softens Its Crypto Oversight Policy, and Thailand Starts Its Tourist Crypto Program | August 18, 2025
Description
Gemini prepares for its long-awaited Nasdaq debut with Wall Street’s biggest banks backing the IPO, despite big losses (1:13 ). New revelations link North Korea’s Lazarus Group to a high-profile UK crypto theft (2:35 ). The Federal Reserve winds down its “novel activities” program, signaling a policy turn in Washington’s approach to digital assets (3:46 ). And Thailand introduces “TouristDigiPay,” a system allowing foreign visitors to pay in crypto while traveling (5:14 ).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
“Federal Reserve Board Announces It Will Sunset Its Novel Activities Supervision Program and Return to Monitoring Banks' Novel Activities Through the Normal Supervisory Process.” Board of Governors of the Federal Reserve System, 15 August, 2025, https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250815a.htm.
Form S-1: Registration Statement Under the Securities Act of 1933. Gemini Space Station, Inc., 15 August 2025, https://www.sec.gov/Archives/edgar/data/2055592/000110465925079323/tm255912-12_drsa.htm.
“Gemini Files Registration Statement with SEC for Proposed Initial Public Offering.” Gemini Space Station, Inc., 15 August 2025, https://www.prnewswire.com/news-releases/gemini-files-registration-statement-with-sec-for-proposed-initial-public-offering-302531396.html.
Korosec, Kirsten. “Winklevoss Twins’ Crypto Company Gemini files for IPO.” TechCrunch, 15 August 2025, https://techcrunch.com/2025/08/15/winklevoss-twins-crypto-company-gemini-files-for-ipo/.
Qureshi, Mehab. “Federal Reserve Removes Massive Hurdle for Crypto Bankers.” The Street, 15 August 2025, https://www.thestreet.com/crypto/markets/federal-reserve-removes-massive-hurdles-for-crypto-bankers.
“Thai Government Launches Crypto-to-Baht Scheme to Boost Tourism.” The Nation (Thailand), 16 August 2025, https://www.nationthailand.com/business/digital-assets/40054107.
Titcomb, James. “North Korea Accused of £17M Crypto Heist that Killed British Start-Up.” The Telegraph (UK), 17 August 2025, https://www.yahoo.com/news/articles/north-korea-accused-17m-crypto-100000193.html.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
United States
