Gemini surges after Winklevoss Capital Fund invests $100 million in the crypto exchange

Gemini, a crypto exchange founded by the Winklevoss brothers, received a $100 million investment from the founders' venture capital fund, causing its stock price to surge. The company reported better-than-expected financial results for the first quarter, with a smaller loss and higher revenue than analysts predicted, though it has faced challenges since its public debut in September including executive departures and a class-action lawsuit.