6h ago
Sui to Launch Hashi Mainnet in October 2026 With Over $500M in Capital Commitments, Adds Anchorage Digital
Sui said at its Basecamp conference that the Hashi mainnet will go live in October 2026, supported by more than $500 million in capital commitments. Hashi is designed to bring idle Bitcoin into on-chain markets by coordinating BTC’s use as collateral through Sui smart contracts while the assets remain on the Bitcoin network. The launch coalition includes more than 20 major crypto firms and has added Anchorage Digital as a day-one partner to provide institutional access and additional stablecoin liquidity.
SUI
SUI-0.70%
6h ago
6h ago
Asian stocks slide as MSCI Asia Pacific slips 0.3% on inflation worries; Brent rises 1% to about $101.20
Asian equities broadly weakened on inflation concerns, with MSCI’s Asia Pacific index down 0.3% as Japan and South Korea fell and mainland China markets reopened after a holiday. Samsung Electronics Co. swung between gains and losses after reporting record profit that still missed estimates. In commodities, Brent crude rose 1% to around $101.20 a barrel, lifted by a report on potential US strike options against Iran and storm-related US output disruptions.
6h ago
7h ago
Conagra ends Celeste frozen pizza production as it trims low-profit brands
Conagra said it has stopped producing Celeste frozen pizzas as part of a strategy to simplify its portfolio. The company said the exit reduced fiscal first-quarter 2027 net sales by about 15 basis points, but it expects the move to lift margins over time. Management said it currently has more than 400 single-serve meal SKUs and sees an opportunity to streamline to a simpler, more productive lineup. The company characterized Celeste as part of its effort to exit brands with unprofitable or low-profit growth.
7h ago
7h ago
Applied Digital shares rise about 4% after hours as fiscal Q1 2027 revenue jumps 322% to $341.9 million
Applied Digital posted fiscal first-quarter 2027 revenue of $341.9 million, up 322% year over year and well above Wall Street’s $134.1 million estimate. The company reported an adjusted loss of $0.01 per share, beating expectations for a $0.26 loss. Its HPC Hosting business generated $262.6 million in quarterly revenue. Shares rose about 4% in Wednesday after-hours trading.
7h ago
8h ago
Meteora unveils DLMM Pro token-launch engine on Solana as $MET jumps about 30% to around $0.43
Meteora introduced DLMM Pro, a new engine for launching tokens on Solana that lets teams set up their own launch markets, fees and the start of trading. The fee schedule starts high and tapers down as the token matures, and liquidity stays in a single pool from launch day onward without a migration. Following the announcement, $MET rose about 30% in 24 hours to around $0.43 and was up roughly 35% over the past seven days. Trading volume over 24 hours was about $130M on a $242M market cap, with a $MET unlock slated for Oct 23.
METEORA
METEORA+61.90%
8h ago
8h ago
Samsung Electronics projects nearly ninefold Q3 operating profit surge to 107.4 trillion won on AI memory demand
Samsung Electronics released preliminary third-quarter results, projecting operating profit to surge nearly ninefold year on year to 107.4 trillion won ($80.17 billion), beating analysts’ expectations. The jump was driven by stronger profitability in its memory business as demand for AI chips climbed. The company has posted record operating profit for four consecutive quarters.
8h ago