Gemini shares fell after the Winklevoss-founded crypto exchange reported a $108 million loss, adding pressure to the newly public company's stock as investors assessed its path to profitability. Second-quarter earnings materials released through Gemini's investor relations announcement showed the company narrowed its loss from prior periods, according to Wall Street Journal live coverage. The Block separately reported that Cofounder Cameron Winklevoss said the company still has work to do. The market reaction centered on concerns about near-term profitability rather than any single confirmed trigger, while fuller details behind the quarterly loss were directed to Gemini's financial disclosures and its U.S. Securities and Exchange Commission (U.S. markets regulator) filing.