<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDkvMDE5OTNhOTMtM2E3ZS03NWVjLTlkOGQtY2E4NGJlOTMwMzBm.jpg" alt="Web3 IPOs remain hot with Gemini’s '20X oversubscribed,' Figure debut jumping 24%"></p><p>The crypto exchange capped proceeds at $425 million after reportedly halting new orders, with Nasdaq among its investors.</p>