Crypto exchange Gemini plans to go public, confirming it has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission. The exchange, run by the Winklevoss twins, aims to capitalize on a favorable market after Circle’s successful IPO. Meanwhile, Circle's shares have seen explosive growth since their debut, with analysts cautioning investors about buying in after such a high initial spike. In another development, Strategy has announced a high-yield preferred stock offering to bolster its Bitcoin acquisitions, promising a 10% yield, which carries more risk as it is subordinated to earlier offerings. This move is part of a trend where cryptocurrency exchange stocks are gaining traction, reflected in rising miner stock prices and increased liquidity in DeFi as Circle's USDC gains prominence. Overall, the article underscores the dynamic and rapidly evolving landscape of the crypto market.

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