📊 DATA: The9 posted $32.4M of Q2 net income despite a $13.4M operating loss and just $712K of revenue. The driver was token accounting: a $47.2M 9BIT fair-value gain plus an $11.1M crypto reward also helped satisfy a condition tied to potential management awards worth up to 12% of shares. https://cryptoslate.com/this-crypto-firm-lost-13-million-operating-but-paper-gains-on-its-own-token-cleared-a-path-to-major-payout-bonuses/(CryptoSlate)