HPC and trade.xyz jointly sent a letter to the SEC, proposing the launch of "pre-IPO perpetual contracts"

According to MaxForAI, the AI project J-Space Cognition Suite, which went viral on X today, has faced community skepticism over its claimed DeepSeek V4 test results, which critics say cannot be reproduced. The project previously asserted that V4 Flash paired with J-Space could match GLM-5.3, while V4 Pro outperforms Fable 5 on multiple agent benchmarks, delivering a 2.53x speed boost and 2.21x improvement in token efficiency. GitHub user GoForceX ran a high-concurrency retest using the 87-question subset of Terminal Bench 2.1, confirming J-Space modules were loaded. The results showed that adding J-Space actually led to a slight drop in benchmark scores, alongside higher token usage and costs — the opposite of the project’s stated gains in performance, speed, and token efficiency. The community has since demanded the project disclose full evaluation configurations, per-question results, operation logs, original time and token consumption data. To date, the project has only published aggregated results and has not provided complete original experimental records to verify these metrics. Notably, the project’s author previously admitted the related data was “indeed exaggerated,” noting actual improvements are roughly between 1.6x and 3x. As of press time, the author has not issued an official response to the community’s queries, and some related skeptical GitHub Issues have been deleted.

Peer-to-peer (P2P) cryptocurrency trading platform NoOnes announced in a post yesterday that it will begin winding down operations after more than three years in business. The platform’s official statement said it had repeatedly sought to resolve and lift sanctions against NoOnes, but ultimately failed. NoOnes stated the sanctions led to the loss of key partners, while blockchain monitoring agencies labeled its transactions as high-risk, making normal operations increasingly difficult. According to the official schedule, business contraction started on August 17; its P2P market will shut down at 23:59 UTC on August 21. Services including Swap, NoOnes Visa, fiat withdrawals, gift card shops, and the Bitcoin Lightning Network will also be phased out. After that, the platform will only support withdrawals: users can still log in, view balances, and withdraw remaining assets. The team advises users to complete asset withdrawals as soon as possible, with the latest deadline being August 23. BlockBeats previously reported that on January 26, 2025, NoOnes disclosed a major security vulnerability earlier that month, causing losses of around $8 million in crypto assets. CEO Ray Youssef confirmed the news on on-chain investigator ZachXBT’s Telegram channel after ZachXBT revealed the hack.

According to Al Jazeera, citing a U.S. official, Trump has instructed his team not to negotiate with Iran until Iran is ready to sign an agreement. The official said that the U.S. and Iran had held positive discussions earlier, but Trump ultimately decided to pause the negotiations and wait for Iran to be prepared to sign the deal. Earlier, Trump had stated that no U.S.-Iran negotiations were scheduled.

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.