Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) have experienced significant pullbacks after a period of strong growth, with XRP dropping nearly 20% in one session and Bitcoin retreating after hitting a record high in July. Despite concerns that the summer rally might be over, these pullbacks are considered typical in a bull market, suggesting they are just temporary pauses rather than a sign of a trend reversal.
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First Guaranty Posts Loss as Costs Jump
First Guaranty Bancshares (NASDAQ:FGBI), a regional bank operating in Louisiana, Texas, Kentucky, and West Virginia, reported disappointing results on July 31, 2025, primarily due to increased provisions for loan losses despite improvements in risk management and expenses. The bank is shifting focus from commercial real estate to residential, consumer, and agricultural lending while emphasizing expense control and maintaining strong capital and liquidity to navigate market volatility. Want More Context? 🔎
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