Gemini has announced its decision to withdraw from the UK, EU, and Australia, focusing its efforts on the U.S. and prediction markets. This strategic shift includes a 25% reduction in its workforce as the company aims to streamline operations and concentrate on key markets. In other developments, Tether has invested $100 million in Anchorage Digital, signaling continued interest in expanding its digital asset infrastructure. Meanwhile, Coinbase successfully blocked Nevada's request to halt prediction markets, maintaining its operational status in the state. Additionally, the U.S. Treasury Secretary criticized the crypto industry's "nihilists" who oppose regulatory measures, highlighting ongoing tensions between regulators and the crypto sector.