Magnera Corporation reported second quarter net sales of $796 million and adjusted EBITDA of $90 million, reflecting resilience despite a 3% sales decline due to volume drops and price adjustments. The company generated $73 million in free cash flow, enabling $36 million in debt repayments, and maintained its full-year 2026 guidance for adjusted EBITDA and free cash flow. Challenges included winter storms in North America and market softness in Europe, but cost optimization and portfolio differentiation helped sustain performance. Magnera plans to continue focusing on operational excellence and long-term shareholder value growth.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
