Securitize launches Neuberger Berman’s first tokenized high-yield fund, HINC.

Ripple has closed a private placement of senior unsecured notes upsized to $275 million. The notes are issued by its non-bank prime brokerage arm, Ripple Prime, with proceeds earmarked for working capital and expansion of Ripple’s U.S. business. The offering secured an investment-grade BBB rating from KBRA, and Ripple Prime plans to further expand its multi-asset clearing, financing, and prime brokerage services.

According to market data from BIT (bit.com), the US stock storage sector failed to reverse its downward trend after a sharp pre-market drop, with losses widening further at the opening. Specifically: Micron Technology fell 7.62%, SK Hynix dropped 8.44%, SanDisk declined 9.18%, Western Digital fell 8.21%, and Seagate Technology dropped 9.08%.

Unitree Technology will officially list and begin trading tomorrow (August 19). Currently, Unitree’s pre-IPO perpetual contract on Trade.xyz is priced at $100.71, equivalent to approximately 678.85 RMB, a roughly 3.5x increase from its IPO price of 150.8 RMB. At current over-the-counter (OTC) prices, a single winning lot subscribed at the IPO price would generate a theoretical unrealized profit of around 263,900 RMB. This STAR Market IPO plans to issue 40.4464 million shares, accounting for 10% of the company’s total share capital post-issuance. One lot consists of 500 shares, with a single lot subscription payment totaling approximately 75,400 RMB. In the latest new share subscription round, Shanghai Stock Exchange (SSE) accounts with an average daily market value of 60,000 RMB or more were eligible for 12 allocation numbers, enabling a maximum subscription of 6,000 shares. Qualified large investors and retail investors had identical IPO winning probabilities.

According to Lookonchain monitoring, as Bitcoin briefly broke through $65,000, part of the 1,800 BTC short positions (valued at approximately $117 million) held by the highly leveraged "gambler" address 0x8c96 was liquidated, with 360 BTC (worth around $23.36 million) already liquidated. The address currently still holds 1,440 BTC short positions (valued at roughly $93.3 million), and its new liquidation price stands at $65,041.72.

According to an official announcement, the Hyperliquid Policy Center (HPC) and trade[XYZ] have submitted a joint comment letter to the U.S. Securities and Exchange Commission (SEC), proposing the introduction of "Pre-IPO Perpetual Contracts" (IPOP) to provide a public, continuous price discovery mechanism for companies preparing to go public. Per the introduction, IPOP allows traders to go long or short on a company’s stock price several weeks before its expected IPO, but grants holders no shares, allotments, voting rights, or other equity interests in the issuer. The product will cease operations after the company goes public. The two parties stated that trade[XYZ] had previously launched 5 full-lifecycle IPOP markets on Hyperliquid, with U.S. IPO offering prices ranging from 10.8% to 38.4% lower than the IPOP price on the day before the IPO, and these markets have accurately reflected the opening prices of the stocks after listing. They recommended that the SEC focus on studying issues including IPOP’s regulatory classification, disclosure requirements, listing eligibility, market integrity, and accessibility to U.S. investors.

Prediction market platform Kalshi has filed regulatory documents with the U.S. Commodity Futures Trading Commission (CFTC) to launch stock index-linked perpetual futures, further expanding its operations from prediction markets to traditional financial derivatives. The documents show that Kalshi’s planned "US500" perpetual futures will track the MerQube U.S. Large Cap Index, which covers 500 large companies listed in the U.S. Perpetual futures have no expiration date, do not require traders to hold the underlying asset, and the contracts continuously track the underlying price via a funding rate mechanism. At the end of May this year, Kalshi received approval to launch crypto perpetual futures, which it officially rolled out in June. The company subsequently applied to launch precious metal perpetual futures including gold and silver, and is now submitting additional applications for copper and stock index perpetual futures. Kalshi noted that global perpetual futures trading volume exceeded $90 trillion in 2025, and its own products surpassed $1 billion in notional volume within a week of launch. Kalshi’s foray into perpetual futures sparked concerns among traditional exchanges. Shares of CME Group and Cboe Global Markets came under pressure earlier due to the U.S. approval of domestic perpetual futures, with CME even filing a lawsuit with a federal court over the relevant regulatory approval. As of press time, CME was up approximately 1.26%, while Cboe rose roughly 0.12%.