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Ripple announced the successful closing of an upsized $275 million private placement of senior unsecured notes issued by Ripple Prime, its non-bank prime brokerage, to support its ongoing and expanding U.S. business.
The notes offering attracted a diverse base of institutional investors in key financial markets. Proceeds from the offering will be used for working capital and general corporate purposes within a regulated entity, amid strong client demand for modern, multi-asset clearing, prime brokerage, and financing services.
โ With the completion of this offering, we have an additional source of capital to invest in our team and technology as we execute on our ambitious growth roadmap and bolster our position as one of the largest non-bank prime brokers globally,โ โ Noel Kimmel, President of Ripple Prime, said.๐
The unsecured notes offering received an investment grade rating (BBB) from global credit rating agency KBRA. KBRA previously assigned an investment grade issuer rating (BBB) to Ripple Prime.
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Eagle Point Credit Management LLC is providing a roughly $1.3 billion private credit loan for a sprawling AI data center in Texas tied to Anthropic PBC.
The debt is part of a larger $16 billion project-finance package for developer Nexus Data Centers, which will use the funds to complete construction of a 2,900-acre facility in Hubbard, a city in the Lone Star State. The campus will have its own gas-fired power plant, and Anthropic will be the primary tenant.
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HSBC and Standard Chartered completed the first live interbank transaction on Swiftโs new blockchain-based ledger, using tokenized deposits for real-time cross-border settlement.
The pilot, involving 17 banks across six continents, aims to cut costs and speed up payments by using a shared ledger that nets and settles obligations while preserving existing regulatory oversight. Bank executives say tokenized deposits and stablecoins will coexist, with Swiftโs vast network positioning it to drive adoption of blockchain-based settlement.
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Venezuela is keen to sign production-sharing contracts and ramp up output from the worldโs biggest crude reserves, Oil Minister Paula Henao told investors in Houston. There are 916 areas in Venezuela available for exploration and production. The country is known for its heavy oil but there are also opportunities in light and medium crudes as well as natural gas.
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LG Display has successfully developed a dream OLED patterning method that is free from the conventional fine metal mask (FMM) process, using its own proprietary technology. Its groundbreaking FMM-less method delivers much greater flexibility in mass production as well as brighter panels with longer lifespan and lower power consumption.
One of FLiPP's greatest advantages is that it is free from panel size and resolution constraints. In theory, it can be used to produce displays ranging from 1 inch to 100 inches and can be applied not only to conventional panels but also to VR and AR displays, making it a virtually universal, "ultimate technology."
Starting with IT applications such as tablets and monitors, it will expand its range of FLiPP-manufactured panels to cover a range of products from 1-inch wearable devices to ultra-large TVs โ tailoring products to customer needs.
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In a new study published in Nature, researchers sustained brain organoids in the lab for years, dramatically extending the organoidsโ longevity and opening new opportunities to investigate neural development and disease.
These organoids do not have the shape of a real brain, but they reproduce the brainโs cell types, gene expression and some stages of its organization, and are an essential tool for studying it. The breakthrough extends the period over which brain development can be observed through organoids and shows that time passes at the same rate for cells in the model as it does in humans.
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A Bangalore-based startup has entered the crowded race to build artificial voices that sound human, with an AI model that garners high scores versus systems from OpenAI and ElevenLabs Inc.
Murf AIโs text-to-speech Falcon 2, publicly available from Aug. 20, ranked higher than some platforms from better-funded players such as OpenAIโs Realtime API in benchmarks on Artificial Analysis, the independent platform that tracks AI performance.
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President Donald Trump pressed Congress to pass digital asset market structure legislation that is a top priority for the industry, as he hosted cryptocurrency executives at the White House on Wednesday.
Trump cast the so-called Clarity Act as critical to keeping the US edge in emerging technologies and was joined at the event by executives including Coinbase Global Inc. Chief Executive Officer Brian Armstrong; Tyler and Cameron Winklevoss of Gemini Space Station Inc.; Arjun Sethi, the co-CEO of Payward Inc. which operates the Kraken exchange; and Robinhood Markets Inc. CEO Vlad Tenev.
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TerraPower LLC, the only company building a utility-scale nuclear power plant in the US, expects to announce its next project this year โ one intended for a data center. That would put the Bill Gates-backed company on track to break ground on its second project in 2027.
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Flock Safety has told the public for years that its technology โcannot recognize, identify, or track individuals.โ It has now built a system that does both, an AI tool for police that can identify drivers and track vehicles by their patterns of movement alone. The software, originally called Nightshift and more recently renamed OS Investigate, ships with 69 prewritten prompts that officers can select, review, or edit, and then submit to the AI.
An officer no longer needs a plate, a name, or a crime to begin. They supply a place, a stretch of time, and a pattern of behavior, and the system is designed to hand back the people who fit. Privacy and legal experts say Flockโs tools already raise serious constitutional concerns by giving police broad, often warrantless access to a vast record of people's movement.
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A medicine from Regeneron Pharmaceuticals for an ultra-rare disease that causes bone to grow where it shouldnโt won approval on Wednesday, the capstone of a three decade-long effort.
The hope is that the new medicine, called Pasatru, can help patients with fibrodysplasia ossificans progressiva, or FOP, maintain their mobility and perhaps even live longer. Typically, people with FOP rely on wheelchairs by age 25 as the bone accumulation locks up their limbs, and only some live into their 50s.
โYouโre almost completely stopping the new [bone] forming, and therefore their condition will not deteriorate,โ โ said Richard Keen of Londonโs Royal National Orthopaedic Hospital, who was the primary investigator in the medicineโs pivotal trial.
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IBM has successfully joined and cooled down two cryogenic modules into a single environment. The new architecture is designed to scale into the modular, shared, and ultra-cold system required to link hundreds of quantum chips into a more powerful quantum computer capable of solving large problems.
Its deployment is a milestone on IBM's path to delivering IBM Quantum Starling in 2029, which is expected to be the world's first fault-tolerant quantum computer and will integrate advances across error correction, processor design, decoding, and systems engineering.
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Donโt miss your chance to join our next call โ this is a great opportunity to learn, engage, and be part of the conversation completely free of charge.
Be active, get involved, and make the most of this experience!
See you very soon in Zoom!
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Cursor, the AI coding company now part of SpaceXAI, released Origin, its own code hosting platform. It is a direct shot at GitHub, which Microsoft owns.
Cursor calls it "Git hosting, at agent scale," built to be fast and deeply tied into Cursor. You get started by syncing your repos from GitHub.
It already works with top tools like Vercel, Buildkite and Depot, with more coming.
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๐ BYD Tries Where Others Failed With Tiny EV Designed for Japan
The worldโs largest maker of electric vehicles recently unveiled the Racco, a kei EV designed specifically for Japanโs narrow roads. It attracted more than 1,000 orders in the first few weeks. What sets the Racco apart from the companyโs five other models in Japan is that it represents something other auto titans never dared to do: target the kei car category, the most popular and uniquely Japanese segment of the market.
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The worldโs largest maker of electric vehicles recently unveiled the Racco, a kei EV designed specifically for Japanโs narrow roads. It attracted more than 1,000 orders in the first few weeks. What sets the Racco apart from the companyโs five other models in Japan is that it represents something other auto titans never dared to do: target the kei car category, the most popular and uniquely Japanese segment of the market.
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Social media platform X is in talks to explore how stablecoins, such as CRCL, USDC, can be used to pay royalties to influential users for uploading content.
The conversations with X are ongoing.
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The Trump administration is authorizing an early shift to the sale of wintertime gasoline blends to blunt fuel costs. The Environmental Protection Agency announced it was relaxing normal summertime gasoline requirements.
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Ripple Chief Legal Officer Stuart Alderoty said Sept. 15 will be a key test for the Clarity Act's prospects in Congress.
"There is a viable path for Clarity," โ Alderoty told at the Wyoming Blockchain Symposium 2026. "September 15th, there will be the first procedural motion on the Senate floor. Basically, a motion to proceed. You need 60 votes for the motion to proceed to open up the gate."
"So September 15th will be a bellwether mark as to whether this continues to advance through Congress," โ he added. "We hope it does."
Alderoty, who also serves as the president of the National Cryptocurrency Association, argued that regulators would continue moving forward even if the legislation stalls.
"If it doesn't, the SEC and the CFTC have come out publicly and said, 'We're not going to stop with our rulemaking in terms of regulations when it comes to crypto,'" โ Alderoty said.๐
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