The bottom line

■■ Since Bitcoin’s all-time high of nearly $65,000 in mid-April, its price has plunged more than 50 percent. At one point this week, about $89 billion was wiped off the entire cryptocurrency market in a 24-hour period.

CNBC.com

■■ After returning from a quick jaunt to space, mogul Jeff Bezos said he would donate $100 million each to CNN contributor Van Jones, founder of racial justice nonprofit Dream Corps, and chef José Andrés, founder of food-relief organization World Central Kitchen.

USA Today

■■ Twenty-seven percent of the businesses in Columbus, Ohio, are offering fully remote positions, making it the most remote-friendly major city in America. Houston is the most office-centric, with only 2.8 percent of jobs posted being remote.

Axios.com

■■ Chinese electronics giant Xiaomi overtook Apple as the world’s second-biggest smartphone maker after an 83 percent jump in shipments. Samsung had a 19 percent share in the second quarter, Xiaomi had 17 percent, and Apple was at 14 percent.

Bloomberg.com

■■ The U.S. recession—defined as a period of decline in economic activity—officially ended in April 2020. At two months, it was by far the shortest and sharpest downturn on record.

Reuters

■■ The average American family with a student ages 18-24 in college spent $26,373 for college costs last year, down 12 percent from a year prior, according to Sallie Mae and Ipsos. Of that amount, $5,159 was borrowed.

Fortune.com

■■ New research shows that Americans’ total unpaid medical debt is $140 billion, up from $81 billion just five years ago, in 2016.

The New York Times