Rithm Capital reported robust Q2 earnings with earnings per share of $0.60, delivering a 19.7% return on equity and maintaining a dividend yield above 10%. The company's diversified platform spans mortgage origination and servicing, real estate private credit, and asset management, which now manages over $61 billion in assets under management (AUM). Key growth drivers included a 212% quarterly earnings jump at Newrez and record originations at Genesis. The company is undergoing a conversion to a C-corp structure, which could trigger a valuation re-rating to around $14 per share, though the timing remains uncertain. The analyst maintains a buy rating below $10, highlighting the company's strong profitability and strategic transformation.
Zcash surged 10% to over $1,616, leading major cryptocurrencies higher as Bitcoin held steady near $86,900. The positive momentum follows the US House Financial Services Committee's approval of a bill to create a Strategic Bitcoin Reserve and the SEC...
Anchorage Digital has chosen LayerZero as its preferred interoperability layer for stablecoins issued through its federally chartered bank, emphasizing the importance of regulated stablecoins for mass adoption by banks, payment firms, and corporate t...
Akash Network's token AKT surged 14.12% amid increased trading volume and investor interest driven by a broader rotation into AI and compute-focused tokens. Large market participants, or whales, boosted buying pressure, supporting the breakout from a...
A Vice President at WM sold 1,365 shares valued at $300,000. Insider sales like this can indicate the executive's personal financial decisions but do not necessarily reflect the company's outlook. Investors should watch for any further insider activi...
Discord is launching age verification for all users starting Wednesday, after delaying the plan due to privacy concerns over biometric scans and ID checks. The platform will use existing account data and machine learning to estimate age groups, avoid...
