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.

Samsung Electronics released its earnings outlook, projecting third-quarter consolidated sales of 195 trillion won. The company forecast operating profit of 107.4 trillion won. It said profit is expected to surge year on year, while revenue is projected to more than double from a year earlier.

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.

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.