The Grand Court of the Cayman Islands ruled that the Milfam Group never had authority to act on behalf of Scully Royalty Ltd., invalidating their attempts to control the company's board and management. As a result, the company's board and management remain unchanged. The court also found that the Milfam Group failed to disclose material information about their nominees' relationships, leading to misleading filings and unauthorized announcements. Due to these disruptions, Scully Royalty faced delays in filing its annual report, resulting in a trading suspension on the NYSE, but the company is now working to appoint a new auditor, file the report, and resume trading while considering legal action against the Milfam Group.
Bitcoin ETFs attracted $21.435 million and Ethereum ETFs $26.925 million in inflows on July 7, marking consecutive days of net gains. This trend suggests growing institutional confidence and demand for regulated cryptocurrency exposure despite previo...
Vanguard's Mega Cap Value ETF (MGV) is recognized for its low cost and strong performance during market downturns, supported by a balanced mix of growth, value, and quality stocks. It offers reasonable sector diversification and is considered a low-r...
Bitcoin's Coinbase Premium Index has recorded its longest 50-day negative streak, signaling subdued institutional demand or net selling. Additionally, Bitcoin's Net Unrealized Profit/Loss (NUPL) short-term average crossed below its long-term average,...
Defiance Silver Corp. has completed its final payment to acquire full 100% ownership of the San Acacio mining concessions, a key part of its Zacatecas Silver Project in Mexico. This historic silver-rich property covers significant vein systems with e...
Ctrl Wallet announced it will permanently shut down on August 3, 2026, following a security issue in June that affected some Cardano wallets. Until August 2, users can still send, receive, swap tokens, and export their recovery phrases. After the shu...
