Hadrian, a defense tech manufacturing startup, closed a funding round valuing the company at nearly $8 billion, more than four times its January valuation. Led by Baillie Gifford and J.P. Morgan, the funds will be used to scale its workforce and enhance its Opus software platform, which is already used by the U.S. Army and Navy. This growth aligns with increased U.S. defense spending and efforts to boost domestic military manufacturing amid rising geopolitical tensions. Hadrian aims to address production challenges in submarines, munitions, and drones, positioning itself as a key player in the defense industrial base.
Japanese beverage maker Ito En reported a 22% rise in operating profit to 10.2 billion yen for the fiscal first quarter, driven by improved profitability in its tea and beverage segment and a newly profitable vending machine business. Revenue increas...
US Spot Solana ETFs recorded $10.19 million in net inflows in one trading session, indicating growing investor interest in regulated Solana exposure. This inflow reflects new capital entering these ETFs rather than total assets under management. The ...
Bitcoin slipped below $77,000 following a strong 24% gain in August, pressured by concerns over rising US interest rates and higher oil prices due to geopolitical tensions. Other major cryptocurrencies like Ether, XRP, and Solana also declined. The m...
Hyperliquid Strategies has expanded its equity purchase agreement with Chardan Capital Markets from $1 billion to $2.5 billion, increasing its financial capacity for corporate activities like buying HYPE tokens. The HYPE token is near record highs ar...
Nutex Health, a micro-hospital operator, suffered a ransomware attack by The Gentlemen group, which accessed and stole confidential patient, employee, and business data. The attackers threatened to publish the stolen information, increasing risks of ...
