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

According to CryptoRank data, the open interest (OI) of RWA perpetual contracts is nearly $20 billion. Since June, the OI of RWA perpetual contracts has surged 192% to hit an all-time high. Centralized exchanges (CEXs) make up 71% of the total OI, leading in the stock and precious metals segments, while decentralized exchanges (DEXs) account for the remaining 29% and dominate the stock index derivatives space.

According to HTX market data, SOL has dropped below $100, currently trading at $99.94, with a 1.61% decline in the past 24 hours.

According to an official announcement from Bitget, the platform has partnered with structured product liquidity provider VETA Finance to upgrade its stock dual-currency investment products. The upgrade expands the product pool beyond existing popular underlying assets including NVIDIA (rNVDA), Google (rGOOGL), and AMD (rAMD), while adding more investment term options. Leveraging deeper liquidity support, the upgraded products offer more competitive annualized returns, and optimize product architecture and settlement mechanisms to deliver a better trading experience and more diverse revenue opportunities for users. Currently, Bitget’s stock dual-currency investment supports two strategies: "buy low" and "sell high". Users can subscribe using USDT or eligible US stock tokens, and based on preset target prices and investment terms, complete corresponding asset conversion and earn interest income per the maturity settlement price. In addition, Bitget plans to launch structured products such as accumulation and accumulation options (AQ) based on the rToken ecosystem with VETA Finance, expanding its product portfolio from standardized wealth management to customized solutions, and further enriching multi-asset wealth management options under the Universal Exchange (UEX) ecosystem.

Beating AI Express (Dongcha News) – Menlo Ventures investor Deedy Das has found that some AI startups simply rent computing resources, deploy open-source models including DeepSeek, Kimi, and GLM, and charge fees per token, quickly scaling monthly revenue to $1 million. A large number of such inference service providers have recently emerged, with no need to purchase GPUs or develop models in-house. There remains a sizable price gap in this business model. Per Deedy’s estimates, even if a B300 GPU has an hourly rental cost of up to $8, as long as its processing speed is sufficient and customer orders are robust, it can generate $10–$20 in token revenue per hour. Barriers to entry are also dropping rapidly: some small teams can deploy open-source models on rented GPUs using only AI programming tools. Platforms like OpenRouter and Vercel further help these service providers aggregate customer demand. Deedy notes that nearly dozens of similar companies enter the market every week. The scramble for GPU rentals is driving up computing power prices, while firms keep cutting fees to compete for clients.

According to monitoring by Lookonchain, crypto influencer Kimchi has re-added pump.fun to his profile three days after initially removing it. The price of Kimchi’s token surged by over 150% at one point. Coincidentally, just hours before Kimchi re-added pump.fun to his profile, trader ja2trader spent $28,900 to acquire 4.61 million $Kimchi; the trader has since booked a profit of $11,000.

3 days after removing @pumpfun from his bio, @kimchi1x has added it back. $Kimchi briefly surged over 150%. Coincidentally, trader ja2trader spent $28.9K buying 4.61M $Kimchi just hours before @kimchi1x added @pumpfun back to his bio, and is now up $11K.