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NASCAR CEO Seeks Younger Fans, Emphasizes Competition

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Steve O'Donnell, NASCAR's chief executive, said the business is showing solid momentum even as the organization concentrates on attracting younger audiences and bringing new fans to race events.

He added that healthy competition among drivers offers a positive boost for the sport.

The remarks were delivered during an appearance on Bloomberg Open Interest.

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Longban Media to Suspend Trading After 93.47% Rally Triggers Review

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Longban Media said on September 8 that its shares had hit the daily limit for six consecutive trading sessions from August 31 through September 7, and rose another 9.12% on September 8.

The company noted that the stock had gained about 93.47% over August 31 to September 8, a move that far outpaced fundamentals and raised concerns about overheated sentiment, irrational speculation and a potential sharp near-term pullback, according to Jiemian News.

To safeguard investors, Longban Media said it would apply to the Shanghai Stock Exchange for a review of the abnormal price moves and suspend trading accordingly. The stock will be halted from the open on September 9, 2026, and will resume trading once the review results are disclosed.

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Hyperion DeFi Raises 2026 Guidance, Authorizes Up to $20 Million Buyback

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Hyperion DeFi announced on September 8, 2026 that it increased its full-year 2026 adjusted gross profit guidance to a range of $7 million to $8 million from $5 million to $7 million. The Nasdaq-listed company notes it is the first U.S.-listed DeFi firm built on the Hyperliquid platform.

Management also said adjusted net operating cash flow is expected to turn positive in the third quarter of 2026, earlier than its prior target of achieving positive cash flow by year-end.

The company projects core operating income to become positive in Q3, with adjusted gross profit from its core DeFi business likely to surpass operating expenses excluding stock-based compensation for the first time. For the quarter, adjusted gross profit is guided at $2 million to $2.5 million, while operating expenses excluding stock-based compensation are seen at $2 million to $2.25 million, implying core operating income of $0 to $0.5 million.

The board approved a share repurchase program valid for up to 12 months, allowing open-market purchases, privately negotiated transactions, or block trades. The plan may be extended, suspended, or terminated at any time. CEO Hyunsu Jung said the growth in DeFi activity could enable the core business to break even on profit and cash flow in Q3, and noted that HYPD shares recently traded at a discount of roughly 20% to 30% to net asset value.

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Ivanhoe Mines Draws Unconventional Tech Interest in Congo Copper Project

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Ivanhoe Mines Ltd. is attracting unconventional interest in its expanding copper exploration project in the Democratic Republic of Congo, including attention from US technology companies, according to Bloomberg.

Robert Friedland, the mining entrepreneur behind Ivanhoe, characterized the level of interest as unusual and noted the involvement of US Big Tech.

The executive said the enthusiasm signals growing concerns about future copper supplies.

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