Brookfield Wealth Solutions, part of Brookfield Corporation, reported a strong 60% year-on-year revenue increase to $2 billion in Q2 driven by acquisitions in annuities and insurance. However, the company posted a significant net loss of $453 million for the first half of the year due to volatile investment results. Operating and benefits expense ratios worsened, raising concerns about sustainability as the benefits ratio hit 103% and operating expenses exceeded 32%. Despite a 12% rise in Distributable Operating Earnings to $936 million, the decline in earnings on assets highlights risks from pursuing higher-yield but less liability-matched investments. The company is merging back into Brookfield Corporation via a 1-for-1 stock exchange, signaling strategic consolidation.
CEA Industries, identified by the ticker BNC, reportedly holds 515,544 BNB tokens worth over $380 million. This figure reflects the total token balance rather than a recent purchase, with no details on acquisition date or valuation timing. The valuat...
An attacker manipulated the price of TONIC on the Tectonic lending protocol, borrowing $120.4 million across nine markets on the Cronos network. Validators halted the network at block 90,907,150 to prevent further losses and restored the chain to blo...
Tron founder Justin Sun has unstaked a total of 10,000 ETH from the Lido liquid staking protocol since August 26, moving about $12.3 million of that ether to Poloniex, an exchange he supports. While this shows some liquidity being freed up, Sun still...
Starknet has introduced Shieldnet, a new privacy framework called STRK20 that protects transaction details for 45 ERC-20 tokens on its Ethereum Layer 2 network. Using zero-knowledge proofs, Shieldnet encrypts transaction data, hiding sender, receiver...
Microchip Technology reported strong revenue growth and margin recovery in the first quarter of FY2027, driven by accelerating data center demand and growth in aerospace and defense sectors. The company’s valuation is expected to improve significantl...
