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Gemini posts $108M Q2 net loss despite 37% revenue growth

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Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds.

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Coin Market

Morgan Stanley’s BlackRock Bitcoin ETF holdings rise 23% in Q2

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Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.

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Coin Market

Bitcoin price drops to $62.5K as trader warns weekly close may spark more losses

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Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.

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Coin Market

Solana’s fee overhaul increases burn and makes resource hogs pay

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Solana’s proposed fee overhaul would make resource-heavy transactions more expensive while cutting costs for simpler activity, and it increases the amount of SOL burned.

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