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Reliance Global Group Reports Third Quarter 2025 Financial Results and Provides Business Update; Strengthens Core Platform and Financial Position
Globenewswire· 2025-11-06 21:05
Core Insights - Reliance Global Group, Inc. reported a significant transformation in its financial position, highlighted by the $5 million sale of Fortman Insurance Services, resulting in a $3 million gain and a 50% reduction in long-term debt [2][4] - The company is on track to issue its first-ever dividend of $0.03 per share, payable on December 2, 2025, reflecting confidence in its operational strength and strategic direction [4][5] - The company is advancing its Digital Asset Treasury Initiative, integrating blockchain technology into its capital appreciation model, and has acquired positions in several leading digital assets [2][6] Financial Performance - Unrestricted cash increased by approximately 590%, or $2.2 million, to $2.6 million compared to the prior fiscal year-end, while working capital grew by $1.2 million, or 284%, to $1.6 million [2][9] - Equity improved by approximately $3.7 million, or 125%, to $6.8 million, indicating a strengthened balance sheet [2][9] - Commission income for Q3 2025 totaled $2.5 million, down from $3.4 million in Q3 2024, primarily due to the sale of Fortman Insurance Services [9] Operational Updates - The company has implemented a Client Service Center within its RELI Exchange platform to enhance scalability and operational efficiency [2] - Total operating expenses for the quarter included approximately $2.7 million in non-cash stock-based compensation, reflecting a strategic investment in talent retention [2][9] - The OneFirm initiative continues to drive cost alignment and operational efficiency across the organization [2] Future Outlook - The company expresses confidence in its strategic direction and long-term opportunities, emphasizing disciplined execution and sustainable growth [6] - Reliance aims to build a more focused business with stronger financial flexibility and a clear path toward long-term shareholder value [2][6]
X @Solana
Solana· 2025-10-16 22:51
RT SOL Strategies (@solstrategies_)1/ It’s only a matter of time before blockchain technology becomes a cornerstone of the global financial system — and without question, @Solana is the chain positioned to lead that transformation. https://t.co/qm2DtABcXI ...
X @vitalik.eth
vitalik.eth· 2025-10-15 13:48
RT michael (@no89thkey)Thank you, Vitalik.Pico Prism was born from belief — that Ethereum can scale without compromise. Stoked to play a part in the Ethereum scaling history.Grateful for our team that’s been grinding 100-hour weeks for 300 days straight. Because we truly believe in somETHing. ...
Prediction: 3 Cryptocurrencies That'll Be Worth More Than Dogecoin 5 Years From Now
Yahoo Finance· 2025-10-11 17:37
Core Insights - Dogecoin was initially not designed to be a functional cryptocurrency, being a less secure and less valuable clone of Bitcoin [1] - Despite its origins, Dogecoin has gained significant popularity, achieving a market cap of $37.6 billion as of October 9, making it comparable to established companies like Yum! Brands and Delta Air Lines [2] - The cryptocurrency landscape is evolving, with Dogecoin's market position declining from the 43rd largest five years ago with a market value of $328 million, as many coins above it have fallen out of the top 100 [3] Industry Trends - The future of cryptocurrencies is expected to be influenced by stricter regulations, the rise of crypto-based ETFs, and the Web3 trend, which emphasizes real-world utility [4] - By 2030, it is anticipated that cryptocurrencies like Chainlink, Avalanche, and Polkadot will surpass Dogecoin in market value due to their real-world applications [4] - The Web3 revolution aims to decentralize data ownership and digital assets, moving away from reliance on large tech companies [6] Competitive Landscape - Polkadot is highlighted as a key player in the Web3 space, designed to connect various cryptocurrencies and facilitate app development [8][10] - The shift towards regulated crypto ETFs and the adoption of Web3 technologies favors utility-driven cryptocurrencies over meme-based ones like Dogecoin [9]
Goldman, Santander Among Banks Exploring Blockchain-Based Money
MINT· 2025-10-10 14:44
Group 1 - A consortium of international banks, including Goldman Sachs, Deutsche Bank, Bank of America, and Banco Santander, is exploring the issuance of "digital money" on public blockchains, indicating a significant interest in leveraging blockchain technology for payments [1][2] - The consortium aims to create a 1:1 reserve-backed form of digital money that serves as a stable payment asset on public blockchains, focusing on G7 currencies [2] - The coalition is in contact with regulators and is assessing whether this offering could enhance competition and provide benefits associated with digital assets [3] Group 2 - There is a growing focus among banks on utilizing blockchain technology for payments, with stablecoins gaining traction as a faster and cheaper alternative to traditional payment systems [4] - Recent regulatory developments in the US and the European Union have provided a clearer framework for established companies to operate within, driving increased activity from large firms in the digital money space [5]
X @Chainlink
Chainlink· 2025-10-01 18:34
Fernando Vazquez, President of Capital Markets at Chainlink Labs, joined J.P. Morgan and State Street on @globalcustodian's day-two @Sibos panel to explore:• Modernizing financial infrastructure via blockchain technology• Building cross-system connectivity for tokenized assets• Creating data standards across global financeAnd much more—watch the full discussion ↓ ...
X @ZKsync (∎, ∆)
ZKsync (∎, ∆)· 2025-10-01 05:26
Extremely excited to welcome the @ADIChain_ to the ZKsync Elastic Network!The ADI Chain is introducing the first Dirham-backed stablecoin being developed by leading UAE institutions First Abu Dhabi Bank,@Adq_Official, and @ihc__official, and set to be regulated by the UAE Central Bank.Its goal is to bring 1 billion people onchain by 2030 by serving markets across the Middle East, Asia and Africa that lack access to blockchain technology and the real-world benefits it can provide to their citizens.ADI: A Dif ...
Bitcoin struggles to maintain $112,000 level: CNBC Crypto World
CNBC Television· 2025-09-23 19:55
Today, Bitcoin struggles to hold the $113,000 level as investors analyze risks in the broader market. Jaime Diamond weighs in on use cases around stable coins. And Santiago Roel Santos of Inversion discusses what he expects from crypto in the fourth quarter.Welcome to CNBC's Crypto World. I'm Brandon Gomez. Crypto markets mostly holding steady this morning.As of noon Eastern, Bitcoin was little changed, hovering just under $113,000. Ether rose 3/10en of 1% to 41.83%. Meanwhile, the Trump familybacked World ...
X @Avalanche🔺
Avalanche🔺· 2025-09-19 23:37
Community Growth & Engagement - Team1 aims to be a global hub for blockchain enthusiasts, developers, founders, and anyone interested in blockchain technology, not exclusively Avalanche [1] - Team1 is designed to facilitate local crypto events and community growth [1] - Team1 offers opportunities to get paid for growing local crypto communities and educating the world about crypto [1] - Team1 is experiencing rapid growth in chapters and members [2] Future Outlook - Significant and positive changes are anticipated for Team1 [2] - The community is expanding at an accelerating pace [2]
X @Polkadot
Polkadot· 2025-09-10 10:38
RT Radha (@DrW3RK)"There are numerous ways blockchain technology can improve our lives!" - I speak at length about what inspires me to work for @Polkadot on this @coin68 interview at @gmvn_official https://t.co/Y9U4JahAnl https://t.co/cvF0WZnMmT ...