Overview & ContextInvestment banking—the engine of Wall Street advisory revenue—is enduring its bleakest streak since at least 2014. For the 14th consecutive quarter, it is contributing less than 25 percent of total revenues at the five largest U.S. banks: JPMorgan, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley. During the same period, trading revenue has…
🧭 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…
