B. Riley bulls celebrate Q2 profit after beating Nasdaq filing deadline
Company comments said the financial services firm submitted the report before Nasdaq's December 23 deadline, reducing the imminent prospect of delisting for months. B. Riley faces failed investments, debt restructuring, and regulatory attention after one of its key portfolio firms went bankrupt.
The delayed Q2 report reported net profits of $137.5 million for the quarter ending June 30, 2025, compared to a $435.6 million loss in 2024. The prior year's $449.2 million loss was reversed by $71.7 million in continuing operations income.
Despite a $175.6 million loss on loan fair value adjustments in Q2 2024, revenue rose to $225.3 million from $94.9 million. One-time factors included a $66.8 million GlassRatner sale gain and $44.5 million on senior note exchanges.
Operating adjusted EBITDA from continuing operations rose to $38.5 million from $31.2 million last quarter. It earned $4.50 per share non-GAAP.
Chairman and Co-CEO Bryant Riley said the company is “well positioned to file” the Q3 report by Nasdaq's January 20, 2026 deadline to bring financial reporting current.
According to regulatory documents, Nasdaq granted the business extensions after a panel hearing due to B. Riley's efforts to address reporting delinquencies and the employment of a new chief financial officer whose salary is largely connected to timely reporting.
After Franchise Group filed for bankruptcy in late 2024, B. Riley faced hundreds of millions of dollars in write-offs. A former Franchise Group CEO pleaded guilty to cheating Prophecy Asset Management hedge fund investors of $300 million, but B. Riley denied knowing.
Smart contracts eliminate trade middlemen, giving DEX users full possession
Industry sources said decentralized exchanges (DEXs) let users trade digital assets directly without a central authority.
Decentralized exchanges let traders keep their bitcoin, unlike centralized exchanges that store user funds in company wallets. The platforms simplify user transactions with automated code.
Instead of a middleman, a decentralized exchange connects buyers and sellers via code. Users control their funds and trades using smart contracts, self-executing programs that handle transactions automatically.
Trading platforms use numerous major technologies. Smart contracts perform transactions automatically when preset circumstances are satisfied, eliminating third-party approval or processing. Multiple decentralized exchanges use liquidity pools where users deposit cryptocurrencies for other traders to trade. Per pool transaction, liquidity providers collect fees.
Users must hold private keys in non-custodial wallets on decentralized exchanges. Many platforms use mathematical algorithms based on pool supply to price tokens instead of order books.
The platforms differ from centralized alternatives in various ways. User funds are held until trades are made, and blockchain networks record all transactions for public scrutiny. Smart contract code applies uniform rules to all participants.
Decentralized exchanges provide fresh coins and experimental projects that centralized platforms may not. Trading requires only a suitable wallet and cryptocurrency on permissionless systems. Users need not give companies personal information.
Texas Bitcoin ATM Operator Wants 200 More Machines
Texas is a great area for licensed Bitcoin ATM expansion because to clear legislation, pro-business policies, and expanding demand.
Bitcoin Bancorp wants to deploy up to 200 licensed Bitcoin ATMs across Texas in the first quarter of 2026, expanding the state's crypto hub status.
The state is expanding a dense network of crypto kiosks under one of the country's clearest regulations.
MetaMask Teases More Blockchain Integrations, Bitcoin Support
MetaMask said users may now buy Bitcoin, swap other tokens into BTC, and transfer or receive it, with verified transactions appearing automatically in their asset list.
The business warned that Bitcoin transfers settle slower than EVM-compatible chains or Solana because to the network's nature.
MetaMask rewards wallet users who shift into Bitcoin to boost adoption.
Wyoming Crypto Bank Requests Full Court Review of Fed Account Denial
Wyoming-chartered crypto bank Custodia has petitioned the full Tenth Circuit Court of Appeals to revisit the Federal Reserve's master account denial, escalating a five-year legal struggle.
The bank claims the October panel ruling misread federal law and raised constitutional questions regarding the Fed.
The December 15 petition asks all active circuit judges to consider whether regional Federal Reserve Banks can exercise unreviewable discretion over master account access for legally authorized institutions.
Custodia claims the three-judge panel's 2-1 finding violates the Monetary Control Act's requirement that payment services “shall be available” to nonmember depository institutions, giving it unlawful veto authority over state banking charters.
