Nasdaq-listed BitMine Immersion Technologies said it will stop buying ether once its holdings reach 5% of ETH’s circulating supply. Chairman Tom Lee said at TOKEN2049 in Singapore that the firm is about 100,000 ETH short of that cap and, at roughly $41 million of weekly purchases, expects to complete its final accumulation in six to seven weeks. The move would end a weekly buying streak that began in June 2025.

Firmus Technologies, a former bitcoin miner now building AI-focused data centres, is seeking a $7 billion IPO on the ASX that would value the company at $44 billion. Bankers have struggled to line up buyers at the targeted $11 per share and are looking at cutting the price to around $8.25 to keep the float alive, according to The Australian and The Australian Financial Review. Maas Group, which owns 3.2% of Firmus, sank more than 20% on Thursday.

Samsung Electronics said it expects third-quarter operating profit of about 107.4 trillion won ($80.18 billion), nearly nine times higher than a year earlier. The figure would mark its first quarterly operating profit above 100 trillion won and surpass the prior record of about 89 trillion won set in the second quarter. The company continues to benefit from strong demand for memory chips tied to the artificial-intelligence boom.

Samsung Electronics said on Oct 8 it expects third-quarter operating profit to reach 107.4 trillion won, nearly nine times higher than a year earlier and slightly above market expectations. The company forecast revenue rising 127% to 195 trillion won. Samsung said booming AI chip demand drove strong memory-chip sales, and it and Micron expect the supply-demand imbalance to persist into 2028. It also flagged longer-term risks including rising costs, competition from China and potential U.S. semiconductor tariffs.

Solv Protocol co-founder Meng Yan said he is no longer involved in the project’s day-to-day operations and was not engaged in the BTC+ business, adding that he was unaware of the security incident when it happened. He said a user later contacted him asking him to communicate with Solv’s business team, according to ChainCatcher. Solv previously disclosed a BTC+ security incident in July, saying a 50 BTC deposit and subsequent actions became an important condition in the attack path, with the attack occurring three days later but being identified and blocked in time to protect user funds. Meng said current facts do not prove the two matters are necessarily related, but they were sufficient to trigger a higher-level security review.

Indian shares were likely to open slightly lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to...

The Reserve Bank of India raised its policy rate by 25 basis points to 5.50% and changed its stance from neutral to “calibrated tightening” amid persistent inflation pressures. The central bank also lifted its FY27 consumer inflation projection to 5.2%, citing broader food-price pressures and added risks from crude-oil volatility. Right Horizons CEO Anil Rego said the decision was broadly in line with expectations, and that further hikes remain possible even as the RBI has not laid out a preset tightening path, according to Moneycontrol.

FDUSD stablecoin issuer First Digital said it has agreed to merge with special purpose acquisition company CSLM Digital Asset Acquisition Corp III in a deal valuing First Digital at $250 million. The combined entity will list on Nasdaq as a Cayman Islands holding company, with the transaction expected to close in the first half of 2027. First Digital said it generated about $87 million in revenue in the fiscal year ended June 30, 2025. FDUSD’s circulation peaked at more than $4.4 billion in April 2024, aided by deep integration with Binance.