Institutional crypto adoption is still in the early stages but gathering speed, according to a new JPMorgan report.

Belarusian President Aleksandr Lukashenko has called for a national push toward cryptocurrency and cash payments, urging financial leaders to act swiftly amid mounting economic pressure from international sanctions.

Crypto exchange Gemini raised its IPO price range on Tuesday, aiming for a $3.08 billion valuation as crypto stocks gain favor with investors.

Top stories in the Crypto Roundup today:

• JPMorgan Says Institutional Crypto Adoption Is Early but Accelerating
• Belarus President Pushes Crypto and Cash Use to Bypass Sanctions
• Gemini Raises IPO Price Range, Targets $3B Valuation in Nasdaq Debut

JPMorgan Says Institutional Crypto Adoption Is Early but Accelerating

Institutional crypto adoption is still in the early stages but gathering speed, according to a new JPMorgan report.

Analysts pointed to two recent events that helped shift sentiment: the passage of the GENIUS Act, which clarified crypto regulation, and the August IPO of Bullish, the parent company of CoinDesk.

As regulatory uncertainty fades, institutions are becoming more active. They now hold about 25% of bitcoin exchange-traded products, and a survey by EY found 85% of firms already have or plan to gain exposure to digital assets next year.

JPMorgan highlighted ether and solana as top picks for institutions. Ether has climbed 20% since the GENIUS Act passed, while SOL is up 17%.

Belarus President Pushes Crypto and Cash Use to Bypass Sanctions

Belarusian President Aleksandr Lukashenko has called for a national push toward cryptocurrency and cash payments, urging financial leaders to act swiftly amid mounting economic pressure from international sanctions.

In a meeting with central bank and commercial banking officials, Lukashenko framed crypto as a tool to maintain trade flows and reduce dependence on foreign currencies. “Cryptocurrency-based transactions are more active than ever,” he said, calling for a regulatory framework to govern the growing market.

Western sanctions tied to Belarus’ alignment with Russia’s invasion of Ukraine have limited the country’s access to traditional financial systems. Lukashenko sees crypto and cash as alternatives that can help Belarus maintain liquidity and keep its economy moving.

He also took aim at banks, accusing them of mistreating customers through forced insurance, rejection of old U.S. dollar bills and high fees. Starting in 2026, banks found engaging in abusive practices could face disciplinary action.

Gemini Raises IPO Price Range, Targets $3B Valuation in Nasdaq Debut

Crypto exchange Gemini raised its IPO price range on Tuesday, aiming for a $3.08 billion valuation as crypto stocks gain favor with investors.

The company, founded by Cameron and Tyler Winklevoss, now plans to sell 16.67 million shares at $24 to $26 each, up from $17 to $19, raising up to $433.3 million.

Nasdaq will purchase $50 million in shares in a private placement, Reuters reported.

Gemini would become the third U.S.-listed crypto exchange, joining Coinbase and Bullish. The move comes amid a rebound in IPO activity, helped by lower interest rates and renewed institutional interest in digital assets.

The stock is expected to list under the ticker “GEMI.” Goldman Sachs and Citigroup are the lead underwriters.

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