Ethereum crosses $4,700 as it continues to head toward a new all-time high

On Sunday, Logan Paul sold his Pikachu Illustrator “Pokémon” card for a record $16.5 million to AJ Scaramucci, son of former White House Communications Director Anthony Scaramucci. 

The sale price is more than triple what Paul paid to acquire the card five years ago, nearly $5.3 million, a world record at the time. Since then, many of the trading cards have skyrocketed in value, outpacing baseball cards and even Meta.

The sale has drawn controversy in the crypto industry, as Paul had announced in 2022 that the card would be tokenized and listed on his digital collectibles platform, Liquid Marketplace. Since then, the platform has since been accused of “multi-layered fraud in the crypto asset sector,” according to a 2024 filing from Canada’s Ontario Securities Commission. 

“I had originally offered to sell up to 51% of the Illustrator on Liquid Marketplace but ultimately only 5.4% of the card was sold for about $270k in the Summer of 2022 to fractional owners,” Paul wrote on social media. 

“In May 2024, I bought the card back for the same price it was sold for per the terms of LM and made funds available for users to withdraw. I was told that those funds were available to be withdrawn for approximately a year after being deposited in LM users’ accounts,” Paul added.

Gemini Space Station, the crypto firm the Winklevoss brothers founded, announced it will be parting ways with three executives, COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade, effective today, according to a February 17 form 8-K filing. Bloomberg Intelligence analyst James Seyffart deemed the announcement “a big shakeup.” 

In addition, Beard resigned from his role as a member of the company’s board of directors.

Shares were down over 13% following the news and are down 35% year to date.

The announcement comes on the heels of the firm’s September IPO and amid an overall downturn in crypto, which is taking a toll on several firms.

Gemini said it does not intend to appoint a successor COO at this time. Kate Freedman will become interim general counsel.

“Many of the duties previously performed by Mr. Beard, including revenue-generating responsibilities, will be assumed by Cameron Winklevoss in addition to his existing responsibilities,” the filing reports.

Meanwhile, Danijela Stojanovic, the firm’s chief accounting officer, will be interim CFO.

Earlier this month, the company slashed 25% of its workforce and shuttered operations in the United Kingdom, European Union, and Australia, per Bloomberg.

The company also pre-announced its 2025 earnings results, expecting net revenue to be between $165 million and $175 million as compared to $141 million for the year ended December 31, 2024. It expects an adjusted loss before tax of between $257 million and $267 million.