GeckoPulse: A Popular Gaming Chain Is Coming Home...

Return of Ronin

The Ronin network will be returning to the Ethereum ecosystem as a Layer-2.

At the same time, the blockchain will transition from its gaming-focused roots into a more general-purpose chain.

Based on the project's latest article, transaction times are expected to improve by 12x after the migration.

RON staking rewards will now be distributed to builders through a new Proof-of-Distribution model.

In a nutshell, rewards will now flow to contributing projects based on their staked RON and builder score, an aggregated figure of metrics such as TVL, revenue, and mindshare.

The migration has been divided into 2 phases, and is expected to be complete by the second quarter of 2026.

Since the announcement, Ronin's native RON token is trading 4% lower at $0.54.

Gemini Joins the Race

Crypto exchange Gemini has submitted a public filing for its upcoming IPO.

According to the filing, Gemini aims to list its stock on the Nasdaq exchange under the GEMI ticker.

Institutions involved in the offering include Cantor, Goldman, Citi, and Morgan Stanley.

Additionally, the filing includes a $75M credit facility with Ripple Labs, which allows the exchange to borrow funds using Ripple's RLUSD stablecoin.

Although no specific IPO price was revealed, the exchange's financials showed a net loss of over $282M for the first half of 2025.

In Other News…

Expect Japanese Stablecoins Soon. Japanese fintech firm JPYC is optimistic about receiving regulatory approval from the Financial Services Agency (FSA) for a Yen-backed stablecoin. If successful, JPYC will be the first officially recognised Yen-backed stablecoin.

Norway Boosts Bitcoin Holdings by 83%. Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with over $1.7T assets under management, has increased their Bitcoin exposure, to the equivalent of over 11,400 BTC. Norway’s Bitcoin exposure is primarily through Strategy and MetaPlanet.

What Could OKX Be Planning? Crypto exchange OKX launched an airdrop tease on X, with no further information. OKX already has an exchange token, OKB with over $2.3B in market capitalization.

Gone Too Soon… Or Not. Crypto investigator ZachXBT revealed that Amin Razavi, a crypto engineer who supposedly passed away from an Israeli missile strike, is still active on GitHub & Trello. Razavi was an engineer of DeFi app, WhiteRockFi, who was implicated in the $30M ZKasino scam.