Gemini, the cryptocurrency exchange owned by the Winklevoss twins, has had to lay off half of its workforce due to a drop in market prices and volumes. The company is facing regulatory challenges, including a lawsuit from the US Securities and Exchange Commission (SEC) over the alleged sale of unregistered securities. Gemini's market share has decreased by 50% from a year ago, and the Winklevoss brothers have invested $100 million of their own money to cover some of the company's operating expenses. They are also considering opening a second headquarters in Dublin to explore new markets abroad. However, the future of Gemini remains uncertain, and a takeover by a larger player in the industry could be a solution, but the company's legal problems with the SEC could make it difficult. Gemini is hoping for a bullish market recovery to increase volumes and return to profitability.