Gemini Space Station (GEMI) to shutter EU, UK and Australia accounts, cutting 25% of jobs, according to Bloomberg

Gemini Space Station's decision to close accounts in the EU, UK, and Australia while cutting 25% of jobs indicates a significant strategic downsizing.

Newsquawk StaffPublished 5 Feb 2026, 14:51 UTCOn the live feed at 14:31 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

14:50

UK Labour MPs are privately urging Angela Rayner and Wes Streeting to launch a leadership challenge against Sir Keir Starmer over the Lord Mandelson scandal, according to the Telegraph on X

14:39

Memory prices have surged 80-90% Q/Q in Q1 2026, driven by steep gains in server DRAM and rising NAND and HBM3e costs, according to Counterpoint Research

14:31

Gemini Space Station (GEMI) to shutter EU, UK and Australia accounts, cutting 25% of jobs, according to Bloomberg

14:30

Ralph Lauren (RL) CFO says we remain somewhat cautious on the North American operating environment due to wholesale channel consolidation, net exposure to Saks in 2026 is minimal

14:25

ECB President Lagarde (Q&A), on AI investments, while net export activity and contribution to activity is in decline, the domestic market is responding strongly; consumption is improving a little bit, but investment is the main story

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This could impact investor sentiment and market positioning in the crypto sector, as it suggests mounting pressures in those regions and a potential realignment of their business model.

All markets · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

METALS/1 Sept · 08:06 UTC

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

Spot Gold, after we published−1.0%

FX/28 Aug · 14:00 UTC

Fed Chair Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective

DXY, after we published+0.5%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.