American Riviera Bank reported a 46.2% increase in net income to $7.3 million for the first half of 2026 compared to the same period last year, driven by significant loan growth and improved net interest margins. Total loans grew 13.1% year-over-year to $1.15 billion, while deposits increased 8.4% to $1.23 billion. Despite a slight dip in quarterly net income due to a $1 million loan loss provision, the bank's profitability and asset quality remain strong, supported by a diverse commercial real estate portfolio and low-cost funding. The bank continues to benefit from a vibrant local economy and plans to maintain growth and strong financial performance.
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
World Liberty Financial's proposed US trust bank has secured a significant investment from Sheikh Tahnoon bin Zayed Al Nahyan's group, which controls 49% of the holding company behind the bank. Another 38% is reportedly owned by an entity affiliated ...
Bitcoin surged above $80,000 following Nvidia's Q2 revenue of $96.2 billion, beating forecasts by $4 billion and boosting tech stocks. US spot Bitcoin ETFs saw $242 million in net inflows on August 27, marking nine straight days of gains and the stro...
XRP's derivatives market is experiencing the highest sell pressure of the year, even as open interest and whale-sized orders increase. This indicates a tug of war between buyers and sellers, with futures flow currently dominated by sellers. While XRP...
