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Merchants Bancorp shares drop 9.3% after Q1 earnings reveal sharp deposit decline and rising funding costs

Market News
06 May 2026
Newsfile Corp
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Bearish
Merchants Bancorp shares drop 9.3% after Q1 earnings reveal sharp deposit decline and rising funding costs

Levi & Korsinsky has launched an investigation into Merchants Bancorp following its Q1 2026 earnings report, which showed a headline beat but revealed a nearly 50% drop in brokered deposits compared to Q1 2025. This decline, coupled with a significant increase in the company's cost of funds, led to a 9.3% share price drop as investors questioned the sustainability of earnings growth. Prior company statements highlighted strong deposit growth, but the earnings report did not address the steep deposit decline, causing concern among investors and analysts. The investigation aims to explore potential violations of federal securities laws related to these disclosures.

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AI tools help fix Bitcoin wallet bug but face challenges as OpenAI cuts access mid-audit

AI tools help fix Bitcoin wallet bug but face challenges as OpenAI cuts access mid-audit

Rob Hamilton and his Bitcoin Red Team used AI to find nearly 5,000 issues in Bitcoin-related code in just 30 hours, including a wallet bug fix merged into Bitcoin Core. This AI-driven audit highlights the potential of AI in improving crypto security ...

Protocol Fundamentals
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4 hours ago
Zcash surges past $1,000, triggering a 562% liquidation imbalance in a sharp short squeeze.

Zcash surges past $1,000, triggering a 562% liquidation imbalance in a sharp short squeeze.

Zcash's price jumped from $805 to over $1,000, reaching $1,051 on September 4, 2026, driven by a strong rally that forced short sellers out of leveraged positions. This caused a 562% liquidation imbalance with $13.24 million liquidated, mostly from s...

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Bullish
4 hours ago
Token Terminal adds 5 tokenized stocks on Solana with $1.7M market cap to its analytics platform

Token Terminal adds 5 tokenized stocks on Solana with $1.7M market cap to its analytics platform

Token Terminal expanded its real-world asset dashboard by adding 145 new tokenized assets, including five tokenized stocks on Solana with a combined market cap of about $1.7 million. These stocks come from issuers Backpack, Anchored Finance, and xSto...

Protocol Fundamentals
Bullish
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Quantum computers could threaten Bitcoin addresses that have revealed their public keys; users should check and move funds if needed.

Quantum computers could threaten Bitcoin addresses that have revealed their public keys; users should check and move funds if needed.

The G7 Cybersecurity Working Group urges immediate preparation for post-quantum cryptography to protect sensitive data, including Bitcoin holdings. Bitcoin addresses that have revealed their public keys—either through spending or older formats—are vu...

Market News
Neutral
4 hours ago
Bitcoin's 90-day correlation with gold doubles to +0.50, while correlation with Nasdaq hits one-year low.

Bitcoin's 90-day correlation with gold doubles to +0.50, while correlation with Nasdaq hits one-year low.

Bitcoin's 90-day price correlation with gold has surged to +0.50, more than doubling since early 2026 and nearing the 2020 pandemic record. Meanwhile, Bitcoin's correlation with the Nasdaq 100 has dropped to about 0.30, its lowest in a year. This shi...

Market News
Neutral
5 hours ago
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