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ChianCatcher news, cryptocurrency exchange Gemini announced its Q2 2026 financial report, with total revenue of $45.5 million, a year-on-year increase of 37%. Revenue from credit card operations surged 231% year-on-year to $16.2 million, helping to offset the impact of a 38% year-on-year decline in exchange business revenue to $12.5 million. Trading volume fell from $11.3 billion to $3.8 billion year-on-year. Forecast market trading volume nearly doubled quarter-on-quarter (up 93%), contributing $500,000 in revenue. The net loss for the quarter was $107.7 million, narrowing by 19% year-on-year.Gemini's stock price fell over 7% in after-hours trading. CEO Tyler Winklevoss stated that the company still has work to do, and the results for this quarter reflect ongoing efforts to reduce operating expenses and diversify revenue.

Google has released the new generation AI model Gemini 3.7 Flash, enhancing code generation and debugging capabilities, but the flagship model Gemini 3.5 Pro still has no exact release schedule.Gemini 3.7 Flash can generate code that is closer to production environments, reducing inference costs, and supports the AI assistant Gemini Spark.Nevertheless, concerns about Google's competitiveness in AI remain, as the continuous delays of Gemini 3.5 Pro have attracted attention.

Leaker blogger leo claims that Google will launch Gemini 3.7 Flash as early as today. The API price may drop to $0.75 per million tokens for input and $3.75 for output. Currently, the standard prices for Gemini 3.6 Flash are $1.50 and $7.50, respectively. If the new prices are accurate, it would mean a direct cut in half.Gemini 3.7 Flash did not come out of nowhere. Google's official Python GenAI SDK had previously included gemini-3.7-flash, but then renamed the related PR to "internal" and closed it. The community has long speculated that the new model is nearing release.Even more concerning is Gemini 3.5 Pro. SemiAnalysis reported last week that Google has internally canceled this flagship model, with the team shifting focus to the larger-scale Gemini 4. leo also stated that he heard the same news.

According to the official announcement, Bitget has added 25 stock spot rTokens including rHPQ (HP), rRL (Ralph Lauren), rBAP (Credicorp), rCTSH (Cognizant), and rDOW (Dow Chemical), covering multiple sectors such as finance, consumer goods, and utilities. As of now, the Bitget platform supports a total of 660 US stock tokens.It is reported that the rTokens, identified by the letter r + stock code (for example, Nvidia is rNVDA), are issued by Reality, a licensed RWA protocol under Bitget, and are directly connected to global liquidity pools such as Nasdaq and NYSE through collaboration with the compliant brokerage Alpaca. Their features include: 1:1 reserves of underlying assets held by licensed custodians, stock dividends distributed in token form at a 1:1 ratio, support for corporate actions (such as stock splits and consolidations) being mapped in real-time, and positions can serve as joint collateral for unified accounts and U-based contracts, allowing users to flexibly manage funds while holding global stock assets.

According to sources, Google co-founder Sergey Brin has urged employees in recent months to focus on bringing the Gemini model back to the forefront of artificial intelligence.

The AI content detection platform Pangram has released a trend analysis of market share changes for AI model providers over the past two years based on its text detection model's classification analysis of user-submitted content. The data shows that OpenAI's model market share has never fallen below 50%, maintaining its leading position; Anthropic's share has increased from 4.3% in 2024 to 14.9% in July 2026, reflecting the growing attention on Claude in the technology and science fields; Google's model market share has sharply dropped from an early 12% to 1.9%, marking the most significant decline.When compared with similar data from OpenRouter, the trend of Google's declining share is confirmed by both data sources. By subject area, OpenAI's model is more commonly used in daily life and the humanities, while Anthropic and Google's models have a higher share in programming technology and scientific fields, but the overall differences are not significant. Pangram notes that both data sources have their biases, but the consistency in trends indicates that Google is significantly losing market share in the consumer end of AI language models.

The monthly active users of the Google Gemini app have exceeded 1 billion, making it the fastest-growing product in Google's history.

The domestic GPU manufacturer Moore Threads released its semi-annual report for 2026, with revenue of 1.736 billion yuan, a year-on-year increase of 147.42%. The net profit attributable to the parent company was a loss of 11.56 million yuan, narrowing by about 259 million yuan compared to the same period last year; the net profit attributable to the parent company after deducting non-recurring gains and losses was a loss of 151 million yuan, narrowing by 52% year-on-year. Revenue in the second quarter was approximately 999 million yuan, a quarter-on-quarter increase of 35.4%. Research and development expenses were 769 million yuan, accounting for 44.3% of revenue. The company stated that the improvement in performance was driven by the demand for AI computing power and the accelerated commercialization of the Kuage Intelligent Computing Cluster.As of the end of the quarter, the book value of inventory was 3.55 billion yuan, an increase of 166.5% compared to the end of last year, reaching a four-year high. The company stated that this was due to proactively increasing stock to meet market demand. On the same day, Moore Threads announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange, just about 8 months away from its listing on the Sci-Tech Innovation Board in December 2025. If successful, it will achieve an "A+H" layout. The announcement stated that this issuance still requires approval from the shareholders' meeting and regulatory approval, which carries uncertainty. Another domestic GPU manufacturer, Muxi Co., has already launched its H share plan in June, with a shorter interval. Moore Threads is accelerating the development of the new generation "Huagang" architecture and the Huashan and Lushan chips. In the first half of the year, the net cash outflow from operating activities was 2.169 billion yuan, an increase of about 86% year-on-year.

According to Taiwanese media reports, Intel's next-generation advanced packaging technology EMIB-T is facing severe yield challenges. ABF substrate supplier Unimicron stated during its earnings call on July 29 that the technology is "not yet mature," and the yield target for three EMIB-T substrate suppliers (Unimicron, Ibiden, and Shinkawa) during the initial mass production phase at the end of 2027 is only 50%.EMIB-T is Intel's advanced packaging solution that competes with TSMC's CoWoS-L, differing in that it embeds the silicon bridge directly into the substrate rather than using a silicon interposer, making substrate suppliers a key factor in determining success or failure. Google's ninth-generation TPU has confirmed that it will adopt EMIB-T packaging when it goes into mass production in 2028, with MediaTek responsible for chip co-design. If the chip successfully goes into mass production, its shipment volume is expected to challenge NVIDIA. Unimicron stated that the customer (Intel) has provided a profit guarantee mechanism, ensuring that suppliers can remain profitable even if yields are poor, and that profit margins will exceed the company's average level after achieving the 50% yield target. Currently, there is still considerable uncertainty about whether EMIB-T can achieve its mass production target by the end of 2027.

Research institution SemiAnalysis released an analysis stating that SpaceX is expected to build approximately 10GW of AI data center capacity by the end of 2027. If 50% of this is used for inference services, with annual revenue exceeding $10 billion per GW, the annualized revenue could reach $300 billion. SpaceX CEO Elon Musk stated in the first earnings report that a "conservative estimate" suggests an additional 6-8GW will be added in 2027, with the actual figure possibly exceeding 10GW.SemiAnalysis's inference simulator shows that when running on the GB300 cluster at current startup cloud prices (about $3/GPU hour), leading model companies like OpenAI and Anthropic could generate annual inference revenue exceeding $10 billion per GW, with annual costs around $12 billion. Microsoft, with full access to OpenAI models and without bearing training costs, can also capture revenue of the same scale. The analysis points out that Microsoft has signed contracts for 10GW of data centers (total value exceeding $300 billion) since 2026, with a 90-day cancellation clause, significantly reducing signing risks.Regarding SpaceX's construction progress, SemiAnalysis believes Musk will significantly shorten the construction cycle by using onsite gas power generation, bypassing large power transformers, parallel construction, and shortening the debugging process. The Southaven plant in Tennessee expanded from 27 turbines (approximately 495MW) in February to 69 turbines (1.7GW) in July, and the "MiniHard" project can be completed in about 5 months with 450-500MW. However, the 10GW target still faces multiple challenges such as land approvals, gas supply, and equipment delivery. This analysis is based on model simulations, and actual implementation still carries uncertainties.

According to Bloomberg, former OpenAI researcher Leopold Aschenbrenner's AI fund Situational Awareness has splurged $400 million this week to support a private company, which is the semiconductor manufacturing startup Source Foundry. It is reported that VC giant Sequoia Capital has also provided support for this startup. So far, representatives from Situational Awareness and Source Foundry have not responded to requests for comments, while Sequoia Capital has declined to confirm the hedge fund's investment situation.It is reported that Source Foundry is dedicated to developing a semiconductor manufacturing process that is simpler, cheaper, and faster than existing methods, aiming to bridge the widening gap between the demand for AI computing power and the capacity expansion of chip manufacturing. Analysts believe that Leopold Aschenbrenner's large-scale investment reflects the ongoing strong demand in the market for new chip manufacturing technologies, as AI developers' demand for computing power is increasing day by day. However, this investment also reveals that Situational Awareness has formed a highly concentrated risk exposure before facing significant financial pressure due to severe fluctuations in its publicly held technology positions.

According to on-chain analyst Yu Jin's monitoring, the Hyperliquid development team HyperLabs redeemed 433,000 HYPE from staking early yesterday morning, worth $24.25 million, and has now sold it through the market maker Flowdesk.In the past few hours, 165,000 HYPE, worth $9.23 million, has been transferred to the market maker Flowdesk; 75,000 HYPE, worth $4.19 million, has been transferred to Hyperliquid and sold for USDC; another 90,000 HYPE, worth $5.04 million, has been transferred to OKX and Bybit.

On July 29, the U.S. Department of Commerce signed letters of intent with seven companies, totaling up to $874 million, to support seven "post-GPU era" underlying technology routes such as CPO, ferroelectric memory, and 3D packaging in the form of equity investments. This marks a shift in the U.S. chip strategy from "capacity reshoring" to "technology route selection."The seven companies and their technology directions include: GlobalFoundries (CPO silicon photonic integration, $300 million), Kepler Computing (ferroelectric 3D memory, $245 million), Multibeam (multi-electron beam direct-write lithography and advanced packaging, $140 million), Extropic (thermodynamic sampling unit TSU, $75 million), Thintronics (ultra-low loss dielectric materials, $50 million), Aeluma (large-size phosphorus-free optoelectronic device substrates, $30 million), and OBSIDIA (hardware zero-trust chip anti-counterfeiting, $34 million). All companies are required to provide non-controlling minority equity to the U.S. government.This move shows that the funding usage of the CHIPS Act is shifting from subsidizing wafer fabs to directly holding equity in cutting-edge technology companies with national capital, in order to secure rule-making authority in the post-Moore era.

Japanese Bitcoin treasury company Remixpoint released a performance announcement for its cryptocurrency operations. As of July 31, 2026, the company's Bitcoin lending principal amounted to approximately 1,501.27 BTC, with a total borrowing fee of about 12.44 BTC, approximately 133 million yen, accumulated from February to July.In addition, it has staked approximately 901.45 ETH and about 13,920 SOL, with total staking rewards amounting to approximately 28.89 million yen.

The research organization SemiAnalysis released an analysis indicating that Google DeepMind is no longer among the leading AI laboratories. A week prior, DeepMind co-founder Demis Hassabis stepped back from daily operations, and key members such as Google Chief Scientist Jeff Dean and Gemini co-lead Oriol Vinyals left to establish a new lab called Discovery Loop. The analysis suggests that the long-term struggle within Google over computing power allocation between Gemini and GCP has concluded with GCP emerging victorious.SemiAnalysis stated that Gemini 3.5 Pro has been canceled, and Gemini 3.6 Flash's performance is inferior to that of leading Chinese open-source models and Grok 4.5. Currently, Gemini has fallen to the 8th or 9th position in the large model rankings. Meanwhile, GCP is selling a large number of TPUs to competitors like Anthropic, having secured long-term leasing and sales contracts for hundreds of thousands of TPUs over the past nine months. The Tokenomics model estimates that Gemini's own ARR is about $12 billion, while GCP's third-party AI cloud service revenue is expected to exceed $73 billion by the end of 2027, with TPU system sales contributing an additional over $120 billion. GCP's latest quarterly growth rate is 82%, and it is expected to accelerate to over 100% by 2027 due to TPU system sales, contributing approximately $3 to Google's earnings per share.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 80 consecutive days (from May 19 to present), with the latest value at -0.0978%. Previously, this index was in the negative premium for 40 consecutive days from January 16 to February 24 this year, setting the longest consecutive negative record since the launch of this indicator, surpassing the approximately 30 days of consecutive negative premium during the 1011 crash.Historical data shows that prolonged negative premiums are often accompanied by the exit of institutional funds from the United States, and short-term pullback pressure should be monitored.

According to CNBC, JPMorgan CEO Jamie Dimon warned that current financial market leverage remains high, with margin debt reaching historic levels, and some borrowing is not directly classified as margin debt but is hidden within prime brokers, hedge funds, ETFs, and U.S. Treasury arbitrage strategies.Dimon stated that high leverage increases the likelihood of a single investor or fund quickly disturbing the market and triggering broader volatility. Recently, the AI-focused hedge fund Situational Awareness faced margin calls due to unsuccessful bets on leveraged tech stocks and was forced to liquidate a large portion of its listed stock portfolio.However, Dimon did not define the current level of leverage as a systemic threat. He noted that the market as a whole can still absorb the failures of individual institutions and emphasized that the current environment is different from the 2008 financial crisis, when the real shock came from the impending massive losses in the mortgage market, not just leverage itself.Dimon also mentioned that when market volatility rises, clearinghouses and banks typically require more collateral. Meanwhile, government deficits, infrastructure investments, and global rearmament could potentially raise inflationary pressures again and support higher long-term interest rates.

According to Gate market data, as of the close, the China-Korea Semiconductor ETF (513310) had a total trading volume of 23.7 billion, marking the third highest record in history. The highest record was 25.9 billion on July 29, 2026, and the second highest was 24 billion on July 21, 2026. This ETF tracks the China Securities Korea Exchange China-Korea Semiconductor Index, with the top two holdings being Samsung Electronics and SK Hynix.Today, the South Korean KOSPI index closed up 3.76%, with SK Hynix rising 5.8% and Samsung Electronics rising 2.5%.

Cryptocurrency platform Bybit announced that its local subsidiary Bybit Payments GmbH has been granted an Electronic Money Institution (EMI) license by the Austrian Financial Market Authority (FMA), allowing it to provide regulated electronic money and payment services in Europe through Bybit.eu.Bybit EU GmbH has been authorized as a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCAR) since May 2025. Bybit stated that Bybit Payments will be responsible for fiat and electronic money operations, while Bybit EU GmbH will handle digital asset operations. Bybit Payments plans to launch peer-to-peer transfers, open banking features, merchant solutions, card programs, and strong customer authentication tools based on the EMI framework. Company representatives indicated that this license will support its direct collaboration with European financial institutions and payment processors.

According to Jinshi reports, the Emir of Qatar stated that the content of the call with Trump involved the latest regional developments, particularly efforts to ease tensions between the United States and Iran, as well as bridging the gap between both sides' positions, thereby enhancing the prospects for a sustainable diplomatic resolution to the crisis.