This is really a big day as we sign the landmark Genius Act into law. The Genius Act creates a clear and simple regulatory framework to establish and unleash the dollarbacked stable coins. This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.Consumers, vendors, and people all over the world will then be able to use those stable coins for ultra- lowcost transactions that are cleared and settled in a matter of seconds rather than weeks and months. It's r ...

Core Viewpoint - Broadmark Realty Capital Inc. is facing a class action lawsuit related to its merger with Ready Capital Corporation, alleging misleading statements in the proxy statement used for shareholder approval [3][4]. Company Overview - Broadmark Realty Capital Inc. and Ready Capital Corporation are classified as real estate investment trusts (REITs) [3]. Merger Details - The merger between Broadmark and Ready Capital was approved by Broadmark shareholders on May 30, 2023, and finalized on May 31, 2023 [3]. Allegations in the Lawsuit - The lawsuit claims that the proxy statement contained materially false and/or misleading statements and omitted key facts [3]. - Specific allegations include: 1. A significant portion of borrowers in Ready Capital's loan portfolio were experiencing financial distress due to rising interest rates, increasing their borrowing costs [5]. 2. An oversupply of multifamily properties in Ready Capital's core markets limited borrowers' ability to raise rents to offset growing debt obligations [5]. 3. A major development project, a Ritz-Carlton in Portland, Oregon, faced severe setbacks, including cost overruns, construction delays, and funding shortfalls, representing approximately $500 million of Ready Capital's acquired loan portfolio [5]. 4. Ready Capital's Current Expected Credit Loss (CECL) reserves and projected credit losses were significantly understated due to these issues [5]. 5. Financial projections from Ready Capital, including estimates of Distributable Earnings per share, dividends per share, and book value per share, lacked a reasonable basis when issued [5]. Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a firm experienced in prosecuting investor class actions involving financial fraud [4].

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” https://t.co/aeIKER2OTb https://t.co/3DS4wXiO7V ...

RT BSCN (@BSCNews)SATOSHI'S TRUE IDENTITY REVEALED?! This theory about the founder of $BTC is one you need to know... https://t.co/Nalnhw3aRZ ...

RT Dante Disparte (@ddisparte)The GENIUS Act is now law—a historic, bipartisan leap for digital finance in the U.S. It sets clear rules for payment stablecoins, anchoring innovation in trust, safety, and the rule of law.Six years after joining the crypto industry to help make finance more inclusive and mobile, today’s milestone is deeply personal. At @circle we’ve worked to make internet-native money faster, safer, and more accessible. The GENIUS Act sets consistent rules to help make that future real. I am ...

Core Viewpoint - A class action lawsuit has been filed against Organon & Co. for allegedly misleading investors regarding its capital allocation strategy and dividend policies during the specified Class Period [1][3]. Group 1: Class Action Details - The class action represents investors who purchased Organon securities between November 3, 2022, and April 30, 2025 [1]. - Investors have until July 22, 2025, to file a lead plaintiff motion [1]. Group 2: Allegations Against Organon - The lawsuit claims that Organon concealed critical information about its capital allocation strategy, particularly regarding its quarterly dividend payout [3]. - Despite public statements indicating that maintaining the dividend was a top priority, Organon had adopted a debt reduction strategy that conflicted with this commitment [3]. - Following the acquisition of Dermavant Sciences Ltd., Organon intended to prioritize debt reduction, which led to a significant cut in its dividend [3]. Group 3: Financial Impact - On May 1, 2025, Organon announced a drastic reduction in its quarterly dividend from $0.28 to $0.02 per share [4]. - This announcement resulted in a stock decline of more than 27% [4].

Core Viewpoint - Matador Technologies Inc. has appointed Antoine De Vuyst as Chief Technology Officer to lead the development of its Digital Gold Platform on Bitcoin, with a consulting agreement effective from March 1, 2025 [1][2]. Group 1: Agreement Details - Mr. De Vuyst will serve as CTO on a month-to-month basis, focusing on product-development milestones, and will receive C$5,000 per month in common shares and C$15,000 in restricted share units (RSUs) quarterly [2][8]. - The agreement allows either party to terminate with thirty days' written notice, and the company can terminate immediately for cause [3]. - Any intellectual property developed during Mr. De Vuyst's engagement will be assigned to Matador [3]. Group 2: Transaction Nature - The agreement is classified as a non arm's-length transaction under applicable securities laws, with no finder's fees paid and no new insiders created [4]. - Matador is relying on the employee-executive exemption, thus no formal valuation or minority-shareholder approval is required [4]. Group 3: Company Strategy and Investments - Matador Technologies Inc. focuses on holding Bitcoin as its primary treasury asset and developing products to enhance the Bitcoin network, aiming for long-term shareholder value [5]. - The company has proposed an investment in HODL Systems, potentially acquiring up to a 24% ownership stake, reinforcing its position in the Bitcoin treasury sector [6].

I wouldn't be surprised if we're going to see a classic sweep on downside for #Altcoins during the weekend.It's been a while and the markets are due for one. ...

Now, with today's signing, we're pushing even further into the exciting new frontier. Just as I promised last year, the Genius Act creates a clear and simple regulatory framework to establish and unleash the immense promise of dollarbacked stable coins. This could be perhaps the greatest revolution in financial technology since the birth of the internet itself.A lot of people are saying that. I don't know. What do you guys think.Yes. I think it's great that you're involved. I will tell you many Americans ar ...

Bitcoin Dominance Sinks as Ethereum, XRP Rise► https://t.co/aI2WNw4xYj https://t.co/aI2WNw4xYj ...