According to the source, Gemini shares declined in after-hours trading after its first earnings since IPO highlighted rising costs, indicating near-term margin pressure, source: the provided source post. Traders should review the company’s official earnings release and forthcoming SEC 10-Q for details on operating expense growth, gross margin, and guidance before the next cash session, source: company investor relations and SEC filings. Given the cost-driven pressure, monitor pre-market liquidity, options implied volatility, and short interest for potential follow-through, and track any risk-off read-through to crypto-exposed equities and BTC proxy trades, source: the provided source post and exchange data.