Cryptocurrency exchange Gemini has posted a loss for the fourth consecutive quarter, with its second-quarter revenue rising 37% year-over-year to $45.5 million.

South Korea’s largest cryptocurrency exchange Upbit will halt trading support for the following tokens starting September 14: Jasmy (JASMY), ThunderCore (TT), and STORJ.

On-chain analyst Murphy noted that all BTC purchased in 2025 is currently in a loss position. Whenever the volume of these 2025-acquired BTC decreases, all reductions (excluding wallet transfers) stem from selling at a loss. As of now, 4.77 million BTC bought in 2025 remain, a 41.5% drop from their peak last December. The downward trend’s slope has two distinct phases: a sharp decline before February this year, followed by a slowdown after February, though it still maintains a notable downward slope. This cohort represents the largest supply side in the current market. Comparing data from 2022 to 2024, it’s clear that holdings with unrealized profits have largely passed the steep phase of decline. Even if prices drop further, changes in the volume of these holdings will no longer be significant. In other words, the potential supply from this group has already completed its turnover. Looking at the past two bear markets: during the 2022 bear market bottom, holdings from the 2021 peak dropped by 51%; during the 2018 bear market bottom, holdings from the 2017 peak fell by 62%. Murphy estimates that the current bear market bottom will see a maximum decline of 50-60%, with the current figure standing at 41%.

According to HTX market data, Bitcoin has fallen below $63,000, recording a 1.5% decline in the past 24 hours.

Binance will stop supporting deposits and withdrawals of Sophon (SOPH) via BNB Smart Chain starting at 08:00 UTC on August 21. Users can still deposit or withdraw the token through other networks supported by Binance.

According to Bitget market data, South Korea's KOSPI index closed up 164.0 points today, with a 2.41% gain, at 6977.34 points. The index has risen 11.5% cumulatively this week, ending its seven-week consecutive losing streak.

Investor Michael Burry, famous for "The Big Short", has recently drawn attention for his paid investment newsletter business. His Substack publication "Cassandra Unchained" surpassed 300,000 subscribers just 231 days after launch. At an annual subscription rate of $379, this translates to a theoretical annual revenue of approximately $113.7 million. However, this is a theoretical upper limit that does not account for factors such as the share of free subscribers and platform fees, and Burry has not publicly disclosed the actual number of paid subscribers. Burry launched the newsletter in November 2025, using it to share investment insights, portfolio updates, and market analysis. Currently, its subscribers come from 212 countries worldwide, with around 52% based outside the U.S. Meanwhile, Burry has this year repeatedly bet on AI bubble risks, openly shorting AI and semiconductor-related stocks including Nvidia, Micron Technology, and Applied Materials. But market moves have not played out as he expected: Micron has seen a roughly 697% surge this year, while Nvidia, Applied Materials, and other stocks have also risen sharply, putting his short positions under pressure. Alongside his AI short bets, Burry has also positioned in select value stocks, including PayPal, Lululemon, Alibaba, and JD.com, stating that as the AI hype cools, capital may flow back to traditional value assets. So far, Burry’s investment performance has come under pressure, but subscription revenue from his personal brand may be his most reliable source of cash flow this year.