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TRON Eco released the Q2 2026 Value Deflation Eco Report, with a total repurchase and destruction amount exceeding $34.75 million for the quarter, and the four core projects are advancing in coordination.JST completed its largest repurchase and destruction to date, destroying over 355 million tokens (valued at $34.59 million) in a single event, setting a new historical record, with the cumulative destruction amount reaching 17.29% of the initial maximum supply and a total value exceeding $94.62 million. SUN completed its 51st repurchase and destruction, with over 9.02 million SUN destroyed in a single quarter, bringing the cumulative destruction amount to over 678 million tokens. BTT and WIN announced mechanism upgrades, using all revenue from decentralized business and all revenue from oracle services for repurchase, with the new mechanism to be implemented regularly starting Q3. With the launch of the new mechanism in Q3, all four projects have been incorporated into a sustainable deflation framework, achieving an upgrade from "periodic incentives" to "institutionalized deflation." TRON Eco will continue to drive repurchase and destruction with real revenue, giving back to the community.

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.

Justin Drake posted on the X platform that Ethereum L1 will no longer use the SNARK-friendly hash function Poseidon, which has dominated since 2019, and will instead turn to traditional hash functions such as SHA2 or BLAKE2s.This adjustment is based on advancements in the field of SNARK design, shifting the focus from "SNARK-friendly hashing" to "hash-friendly SNARK." By aligning Boolean operations in traditional hashing with binary field native, the proof performance of traditional hashing in SNARK has reached 1 million per second, with an overhead of about 100 times.Research from Binius and Flock has driven relevant progress. The Ethereum Foundation's post-quantum team is advancing this route, with a roadmap that includes deploying production-level leanVM in 2027, and deploying in the consensus layer, execution layer, and data processing layer in 2028.Justin Drake also stated that the enhanced capabilities of AI in cryptanalysis have recently led to setbacks for the lattice-based scheme HAWK and the homomorphic scheme SQIsign, with hash-based schemes being used for post-quantum signatures on the blockchain. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.

According to the announcement from Yushu Technology, the company's application for the initial public offering of stocks and listing on the Sci-Tech Innovation Board has been approved for registration by the China Securities Regulatory Commission. The final issuance price is 150.8 yuan per share, with a total issuance of 40.4464 million shares.The subscription and payment work for this issuance ended on August 12, 2026. The final online issuance winning rate was 0.01809759%, with online investors giving up on subscribing for 8,734 shares, and offline investors giving up on subscribing for 0 shares. The number of shares given up was fully underwritten by the sponsor (lead underwriter), with an underwriting amount of 1.3171 million yuan, accounting for approximately 0.02% of the total scale of this issuance. The total issuance expenses amounted to 182 million yuan.

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.

Tencent Holdings fell 4.46%, with a market value of 4 trillion Hong Kong dollars, approximately 3.44 trillion yuan. Changxin Technology's closing market value today is 3.5 trillion yuan, surpassing Tencent Holdings to become the largest listed company by market value in China.

According to Gate market data, the Hong Kong Hang Seng Index closed down 43.66 points on August 13, a decrease of 0.17%, at 25,396.51 points; the Hang Seng Tech Index rose 15.95 points, an increase of 0.33%, at 4,792.39 points; the State-Owned Enterprises Index fell 19.78 points, a decrease of 0.23%, at 8,426.49 points; the Red Chip Index dropped 66.9 points, a decrease of 1.61%, at 4,089.2 points.

FlashRescue co-founder @DarcyAri posted on the X platform that the Hyperliquid-related Google paid advertising phishing incident has resulted in approximately $550,000 in financial losses.The addresses related to the attackers have been disclosed, and users need to be vigilant about the phishing risks associated with Google paid advertisements and pay attention to protecting their asset security.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: BoomBoys vs OG - International Invitational Group Stage," the "Game Spread: BoomBoys (-1.5) vs OG (+1.5)" sub-market's "BoomBoys" option has experienced significant fluctuations in win probability, soaring from 30% an hour ago to the current 47.5% (a fluctuation of 17.5%). Please note the impact of related breaking news.

Derek Chiang, founder of ZeroDev and former employee of Offchain, announced his joining of Ethlabs, stating that he will focus on promoting Ethereum technologies such as real-time proofs, light clients, and fast confirmations into practical products and commercial scenarios.He mentioned that the current adoption of many underlying Ethereum technologies is still significantly lagging behind their potential, for example, some cross-chain bridges still rely on multi-signature verification for L1 deposits; he hopes that Ethlabs will become a market force for the implementation of Ethereum technologies, persuading developers to adopt them through technical and product advantages rather than just ideology.

Grayscale's research director Zach Pandl released a report stating that despite the recent pressure on Bitcoin's price, Grayscale believes its adoption rate will continue to rise in the medium to long term for three reasons:First, the unsustainable growth of U.S. government debt is raising inflation and currency devaluation risks, which may drive various investors towards scarce assets and value storage tools; second, stablecoins and tokenization will make blockchain ubiquitous in financial services. As technology spreads, more intermediaries will have the infrastructure and regulatory conditions necessary to hold and trade Bitcoin, and Bitcoin will no longer be structurally isolated from the mainstream financial system; third, younger investors show a significantly higher preference for digital assets, and alternative investments have become a standard component of investment portfolios. Institutions, wealth management platforms, and individuals will continue to incorporate Bitcoin into diversified portfolios through tools such as exchange-traded products, a process that is already underway.Grayscale emphasizes that this bear market has not changed its expectations for the continued rise in Bitcoin's adoption rate.

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.

On August 12, institutional digital asset lending technology provider Digital Prime Technologies announced a strategic investment from global institutional digital asset prime broker LTP. LTP will become its chief strategic partner in the Asia-Pacific region, helping the Tokenet platform expand institutional participation in the Asia-Pacific market.Tokenet is Digital Prime Technologies' institutional-grade digital asset and tokenized asset lending platform. Following this investment, LTP will work alongside previously joined EquiLend, Galaxy Digital, and Marex to promote the global institutional infrastructure development of Tokenet. LTP stated that it will leverage its network of institutional clients, prime brokerage capabilities, and financing expertise to accelerate the adoption of Tokenet among financial institutions in the Asia-Pacific region.

According to on-chain analyst Yu Jin's monitoring, a certain whale established a short position the day before Changxin Technology (CXMT) went public, and has held the position for about half a month without closing it. Currently, the scale of the short position is approximately 22.86 million USD, with an opening price of about 6.5 USD.During the holding period, this address has paid approximately 3.4 million USD in funding fees, while the unrealized loss on the short position is about 4 million USD, resulting in a total loss of approximately 7.4 million USD.Yu Jin stated that even if the price of Changxin falls back to its opening price of 6.5 USD, this address will still have to bear the high funding fee costs incurred during the holding period.

Swedish Stockholm AI programming startup Lovable announced the completion of a $400 million Series C funding round, bringing its post-funding valuation to $13.3 billion. This round of financing was co-led by Menlo Ventures and the EU-backed investment institution Scaleup Europe Fund (managed by EQT AB), with several venture capital firms participating, as well as new investors from Latin America and Asia, including Tencent Holdings.Lovable is dedicated to the field of AI-assisted programming and is accelerating its expansion to compete with larger rivals such as Anthropic.

According to market news, GAC Group's humanoid robot company, Huilun Technology, announced the completion of over 100 million yuan in financing, jointly invested by CRRC Guochuang Fund, CMB International, Sichuan Science and Technology Innovation, and other institutions.The funds raised in this round of financing will be used for continuous optimization of vertical models, expansion of automotive production lines and comprehensive service scenarios, promoting the large-scale commercialization of humanoid robot systems and core components. GAC Group began laying out the humanoid robot track in early 2022 and incubated Huilun Technology in February 2026, establishing it as an independent industrialization entity to fully undertake GAC's humanoid robot research and development and commercialization business, successively launching four embodied robot products including GoMate and GoMate Mini.