Crypto exchange Gemini is facing a proposed class-action lawsuit over what a complaint alleges is an “abrupt corporate pivot to a prediction-market-centric business model” after its IPO.

The World Gold Council says it will develop a platform to connect physical gold to the systems used to issue and manage tokenized gold products.

“Retail-driven exuberance” in gold and silver ETFs and leveraged positions led to the end of the precious metals rally, reported the BIS.

“Building reliable infrastructure across blockchain networks and traditional financial rails is hard,” said Polymarket CEO Shayne Coplan.