OKX-OKB/USDT is currently trading at $248.16, with a 5-minute increase of 1.59%. Please be aware of market fluctuations.

**[Bullish and Gemini's IPO Filings Leverage New GAAP Rules to Boost Revenue]** According to a report by Jinse Finance, cryptocurrency exchanges Gemini and Bullish recently submitted IPO filings, but the results are not promising. Despite the cryptocurrency IPO market being exceptionally hot following Circle's high-profile listing, these two filings reveal that even major companies in the industry struggle with profitability. In Bullish's recently submitted F-1 filing, if not for the new rules pushed by cryptocurrency industry lobbying groups—namely FASB's ASU 2023-08, which allows companies to include gains from merely holding digital assets in their income statements—their performance over the past two fiscal years would have been negative. In the first half of 2025, Gemini reported a net loss of $282.5 million, although the company offset larger losses through "realized and unrealized gains on crypto assets and receivables, collateralized crypto assets, and crypto assets received as revenue." More specifically, Gemini acknowledged that its net loss for the first half of 2025 (still a significant negative figure) was reduced by $37.8 million in "realized and unrealized gains on crypto assets and receivables, collateralized crypto assets." In its 2023 and 2024 operating performance reports, Gemini also used the same category, recording $368.1 million and $253.8 million, respectively, which accounted for 375% and 341% of annual revenue for those years.

The current total position of OKX BTC options contract is 36416.48 BTC, with a growth rate of 6.29% over the past 24 hours, indicating an increase in activity in the options trading market. Data for reference only Interpretation: Option holding refers to the total number of unexercised option contracts in the market, which can reflect the current market's views and expectations on the future price trend of a certain underlying asset. Data for reference only

[Upbit to List AERO, Supporting KRW, BTC, USDT Trading Pairs] Upbit announced that it will list Aerodrome Finance (AERO) at 11:30 AM Hong Kong time on August 22, supporting KRW, BTC, and USDT trading pairs. Users must ensure they use the AERO-Base network for asset deposits and withdrawals.

1. UBS Group: Chinese family office plans to invest 5% of funds in Bitcoin 2. Federal Reserve Bostic: May cut interest rates again this year 3. US House Defense Bill adds anti central bank digital currency clause 4. CFTC launches new plan to promote digital asset regulation in the United States 5. The US Department of Justice states that writing malicious code does not constitute a crime 6. Bank of America reports that stablecoins will intensify competition with money market funds 7. Pennsylvania Congressman Proposes Ban on Cryptocurrency Trading for Public Officials 8. Harvard professor reflects on underestimating the value of Bitcoin and criticizes regulatory conflicts of interest The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/480761