Fortitude Reinsurance Company Ltd. agreed on July 6 to assume about $3.8 billion in statutory reserves from Unum Group's individual long-term care (LTC) business, more than doubling its existing relationship since 2025. This move reflects a broader trend where reinsurers are expanding their appetite for diverse life insurance liabilities, including LTC and universal life policies with secondary guarantees. US life insurers reported over $110 billion in reserve credits related to LTC business by the end of 2025, showing the scale of this market. Reinsurers are also pursuing growth through acquisitions, capital allocation, and expanding into new geographic markets like Japan and Asia, signaling a strategic shift to capture more life insurance risks beyond traditional annuities.
In the first half of 2026, Real World Asset (RWA) activities brought 169,000 new wallets to Hyperliquid, with about 137,000 of these wallets remaining focused on RWA markets rather than shifting to cryptocurrencies like Bitcoin or Ethereum. This show...
Changpeng Zhao, founder of Binance, moved about $965,000 worth of BNB and BinanceLife tokens from a public wallet to his education project, Giggle Academy, on August 16. The wallet had become cluttered with unsolicited meme coins, causing confusion a...
XRP is trading around $1 while futures open interest and trading volumes increase, with traders on Binance and OKX holding heavily leveraged long positions. Despite this bullish positioning, social media sentiment toward XRP has turned the most negat...
Aether Catalyst Solutions, a company focused on reducing costs and improving automotive catalytic converter catalysts, announced the appointment of Benjamin Catalano to its board of directors. Catalano brings over 30 years of experience in corporate ...
In March 2026, JPMorgan Chase launched a program allowing institutional clients to pledge Bitcoin and Ethereum as collateral for U.S. dollar loans via its Kinexys platform, with custodians like Fidelity and Coinbase holding the assets. This marks a m...
