Hagerty reported a strong first half of 2026 with 19% year-over-year growth in written premium to $713 million and a record 279,000 new members, bringing policies in force to 1.9 million. Earned premium rose 42% to $492 million, though net loss was $5 million due to $153 million transitional costs from a new Markel Fronting Arrangement. Adjusted EBITDA increased 32% to $160 million, and cash flow from operations nearly doubled. The company raised its 2026 outlook, expecting 16-17% written premium growth, net income between $18 million and $30 million, and adjusted EBITDA of $270-$280 million, signaling confidence in continued growth and operational efficiency.
Coinbase has introduced a new fixed-rate borrowing option for USDC loans secured by bitcoin collateral through its integration with Morpho Midnight on the Base network. This allows users to access liquidity without selling their bitcoin, offering tra...
The S&P 500 reached new all-time highs during the second quarter of 2026, continuing a strong rally that has characterized much of the year. However, the index experienced some pullback heading into September due to rising oil prices and Treasury yie...
On September 22, 2026, 21Shares launched the first physically backed Zcash (ZEC) ETP on Euronext Paris and Amsterdam, allowing investors to trade ZEC without managing private keys. This product carries higher fees (2.5%) due to the technical complexi...
Hyperliquid's market liquidity reached a record $8.8 billion, surpassing last October's peak, driven by increased trading as Bitcoin recovered above $85K. This surge doubled Hyperliquid's daily revenue to $3 million in Q3, with a tripling in mid-Augu...
U.S. investment-grade corporate bonds gained in the second quarter, with a fund outperforming its benchmark, the Bloomberg U.S. Corporate Bond Index. The outperformance was driven by careful individual security selection and sector allocation, partic...
