News linked to both this project and an event.
Odaily News: Payment company Visa is seeking settlement and over-the-counter (OTC) trading partners with cryptocurrency exchange licenses in the United States, Canada, the United Kingdom, and Singapore. The partner will also be responsible for settlement of the newly launched Open USD stablecoin project, which plans to support multiple stablecoins. (CoinDesk)
According to CoinDesk, Visa is seeking new stablecoin settlement and OTC trading partners to replace BVNK, which was previously acquired by Mastercard. Relevant product request documents indicate that Visa expects partners to hold cryptocurrency exchange licenses in the U.S., Canada, the UK, and Singapore, and to support multiple stablecoin conversion and settlement services, including handling settlement for the Open USD stablecoin project promoted by Stripe, Visa, and Mastercard.
According to Forbes, Hugging Face released the 2026 Summer Open Source Model Ecosystem Report, revealing that a widely overlooked community distribution layer is expanding rapidly. The report shows that in the first seven months of 2026, model repositories on the Hub grew by 21.5%, while GGUF format repositories grew by as much as 464%, more than 20 times the growth rate of the model layer. Taking the Alibaba Qwen model as an example, there are a total of 28,531 GGUF converted versions on the Hub, while Qwen officially released only 54, with the number of community-produced artifacts far exceeding the official versions. The report also points out that the third largest source of derived models is not frontier labs, but rather the downstream quantization publisher Unsloth. In response to this, the report recommends enterprises adopt a "Software Bill of Materials" approach to record model upstream repository versions, conversion recipes, publisher information, and artifact hash values, rather than relying solely on model names for management; and calls on major labs to also provide signed official GGUF converted versions while releasing weights, to bridge the gap between test versions and actual deployment versions.
Only 1 day remains until DeepSeek-V4-Flash is fully available for free on the B.AI platform on August 17. At that time, the web interface and API will go live simultaneously, allowing users to freely enjoy full-scenario experiences such as code execution, complex Agent tasks, and long text processing. To empower developers to use DeepSeek without worrying about costs, B.AI is simultaneously launching three benefits: New users logging in via Binance Wallet, Bitget Wallet, or imToken wallet can claim 1 million free Credits; entering an invitation code adds another 300,000, bringing the cumulative total to up to 1.3 million; both new and existing users who recharge can enjoy extra Bonus Credits of up to 100 USD. Please note that accounts must retain a small amount of Credits for identity verification; please prepare in advance. The specific launch time will be announced soon; please stay tuned to B.AI official updates.
Bitcoin News announced on X platform that @BitcoinatBlock has updated its Bitcoin roadmap, having rolled out multiple features across its products over the past year. Recently launched features include: - Cash App supports Bitcoin purchases via ACH. - More readable Bitcoin addresses. - Dollar payments via the Lightning Network. - Square merchants support Bitcoin payments and Tap to Pay. - 5% Bitcoin cashback. - Increased withdrawal limits and reduced fees. - Open-source mining management through Proto. Features currently in development include: automatic withdrawals to Bitkey, Coin Control, multi-account support, and multi-beneficiary inheritance.
Odaily News Alibaba Group's open-source large model family Qwen has surpassed 3 billion cumulative global downloads over the past six months, exceeding competitors including Meta and Alphabet to become the most-downloaded open-source AI model to date. Alibaba stated that the Qwen series has open-sourced over 460 models, with more than 300,000 derivative models in the ecosystem. According to Hugging Face's "State of Open Models" report, Google models recorded approximately 418 million downloads in 2026, while Meta saw around 227 million. The report noted that Qwen has become one of the "default workflows" for developers when fine-tuning and deploying models, positioning Alibaba as a key foundation in the open AI ecosystem. (Bloomberg)
According to the official announcement, Bybit Spot will list KII (KII/USDT) on the spot market at 1:00 PM UTC on August 14. Deposits are now open. Deposits Open: August 13, 10:00 AM (UTC); Trading Starts: August 14, 1:00 PM (UTC); Withdrawals Open: August 15, 10:00 AM (UTC) Kii is a stablecoin-powered, 24/7 on-chain foreign exchange (Onchain FX) infrastructure layer. Kii aims to provide cross-border payments, foreign exchange trading, and financial solutions for enterprises and individual users.
According to the Qwen APP official WeChat account, the Qwen Open Platform has launched the Cainiao Agent. Users can activate this agent by typing @Cainiao in the chat window or clicking the dot icon in the top-right corner, and complete package shipping through conversation. The Cainiao Agent recommends suitable shipping solutions and courier companies based on conditions such as item type, price requirements, and pickup time, and supports large item shipping recognition and special rate shipping matching. Additionally, it integrates contacts and historical shipping records to automatically complete sender and recipient information, reducing manual entry steps.
Odaily News: eToro released its Q2 2026 earnings report, showing a notable slowdown in digital asset trading activity, while the company continues to advance its on-chain financial infrastructure development.In terms of trading data, eToro's crypto asset trading volume in July was 1.4 million transactions, down 73% year-over-year; the average investment amount per crypto transaction was $182, down 50% year-over-year. Q2 crypto-related revenue was $1.346 billion, down from $1.915 billion in the same period in 2025. Despite the decline in crypto business revenue, the company's overall net profit still grew 77% year-over-year to $53.48 million.On the crypto strategy front, eToro completed the acquisitions of digital asset self-custody platform Zengo and Israeli crypto trading platform Bit2C during Q2, aiming to strengthen its self-custody service capabilities and promote the integration of traditional finance with the on-chain economy. Additionally, the company made a strategic investment in on-chain perpetual contract platform Extended and became a founding partner of the Open USD stablecoin ecosystem alliance, further intensifying its focus on on-chain trading and stablecoin infrastructure.On the balance sheet side, as of the end of Q2, eToro held $49.95 million in crypto assets, down from $62.61 million at the end of 2025. (Globenewswire)
Odaily News: Fox Business crypto reporter stated on the X platform that the SEC will hold an open meeting at 10:00 AM Eastern Time on Friday to consider whether to issue a notice proposing a tailored issuance regime for certain investment contracts involving crypto assets.
According to news from the Qianwen APP, the Qianwen Open Platform officially launched on August 10, 2026, opening service access for three types of terminals—mobile phones, PCs, and AI glasses—to ecosystem partners and developers. The first batch of access partners covers more than ten fields including logistics and transportation, real estate and housing, local life, wealth management, and automotive, including SF Express, Ziroom, Hello Ride, Yingmi Fund, etc. Users can enter the corresponding agents by @ relevant services or clicking the "dot badge" in conversations, achieving a complete service closed loop from consultation, recommendation to ordering. The platform supports rapid access through standardized protocols and provides infrastructure such as accounts, AI payment, and orders, as well as multimodal interaction capabilities; the AI glasses terminal also supports two modes: Skill integration and industry customization.
According to Reuters, citing people familiar with the matter, Alibaba plans to introduce commercial terms next week for the next-generation open-source, open-weights AI model Qwen3.8-Max, proposing to require revenue sharing from customers who sell the model as a service and reach a certain scale. The report states that Alibaba previously mainly charged for model usage hosted on its cloud platform, while most open-source models can be used for free when deployed in customers' own data centers.
MiniMax announced the open-sourcing of the H3 model, gaining support from tools and platforms such as ComfyUI, magnific, and OpenRouter. MiniMax emphasized that open weights represent more possibilities, enabling better performance, deeper customization capabilities, and more open community collaboration. The company stated that from Hailuo 01 to H3, the open-source strategy continues to advance, aiming to accelerate technological progress and move towards the goal of Artificial General Intelligence together with the developer community.
Odaily News According to official sources, Gate's GUSD product has been fully upgraded. Users holding GUSD can enjoy an annualized yield of 3.8%,with support for flexible deposits and withdrawals, 1:1 lossless redemption in the original subscription currency, and zero redemption fees. Meanwhile, Gate Launchpool is simultaneously opening SPCX and SLX staking pools. Among these, the total value of flexible staking in the SPCX GUSD pool has approached 66.38 million GUSD, with a staking APR of 3.50%. Combined with the 3.8% base annualized yield from GUSD flexible savings, the total annualized yield reaches as high as 7.30%.In addition, Gate is running multiple wealth management and reward campaigns in parallel. Dual rewards for deposits and trading: From 14:00 on August 3 to 14:00 on August 10, 2026 (UTC+8), deposit 100 USDT to receive 100 USDT, and trade to earn an additional 0.1 ETH. Exclusive VIP boost for Gate's余币宝 (Flexible Savings): USDT fixed-term wealth management yields have been fully upgraded, with 7-day and 30-day annualized yields increased to 3.8% and 4.0%, respectively. Quotas are limited and available on a first-come, first-served basis. High-yield campaign for USD1 holders: Starting from 00:00 on July 29 (UTC+8), users holding USD1 in their asset accounts can earn up to 8% annualized yield. Campaign rewards will be distributed daily in the form of WLFI to eligible user accounts.As the product ecosystem and reward framework continue to evolve, Gate will keep enriching users' asset yield scenarios, delivering a digital asset management experience with higher returns and lower barriers.
According to Fortune, as Chinese open-source AI models such as DeepSeek V4 Flash, GLM-5.2, and Kimi K3 continue to make breakthroughs, the core conflict of the global AI competition is shifting from "US-China confrontation" to a contest of "open source vs. closed." DeepSeek V4 Flash's performance lags behind GPT-5.6 Luna by only one intelligence index point, but the cost per task remains 60% lower even after OpenAI's 80% price cut. US export controls on China were originally intended to restrict China's AI development, but instead compelled Chinese enterprises to innovate deeply at the algorithm architecture level, accelerating the rise of the open-source model. Currently, trends in the US tech industry are shifting; former "AI Czar" David Sacks and others publicly support the open-source route, and Anthropic has also softened its stance against open source.
Odaily News: Following the launch of Open USD, concerns arose in the market that it could directly challenge Circle's USDC, leading to a loss of billions of dollars in Circle's market value. Executives from Coinbase, Visa, and Mastercard stated that the companies are advancing a multi-stablecoin, multi-chain strategy, positioning Open USD as an additional network rather than a replacement for USDC. Analysts noted that several Open USD partners have so far made only lightweight commitments, and that project execution capabilities, along with the existing liquidity of USDC and USDT, will be more critical than the scale of the Open USD alliance.
According to official news, Monad announced that the inaugural Open Summit will be held in Singapore on October 6. The summit will take place on the eve of the Singapore Token2049 conference. The Monad Foundation will bring together founders, developers, venture capitalists, and institutions in Singapore to share with the public the on-chain economic development marking the first anniversary of Monad's mainnet launch. Monad is a dynamic economic ecosystem composed of approximately 200 validator nodes spread across more than 30 countries/regions, supporting over 150 applications covering payments, real-world assets, trading, and many other fields. As the theme of this summit, Open represents the multiple core principles of Monad's open finance: Open Access: Permissionless, no gatekeepers Open Market: Fair, anti-MEV infrastructure designed to create a level playing field Open Source: Free developer tools available for anyone to use Open to Everyone: Accessible to all According to details, Open Summit tickets also include admission to the Open official celebration party Burning Mon. Users can currently access the event page to reserve and purchase.
Odaily News: SK Hynix and SanDisk have unveiled the first standard specification for High Bandwidth Flash (HBF), a next-generation storage technology based on NAND flash. SK Hynix presented the specification at FMS 2026, held from August 4 to 6 in Santa Clara, California, USA.HBF stacks NAND flash vertically in a manner similar to High Bandwidth Memory (HBM) to enhance capacity and data transfer speeds. The specification defines two stacked configurations—8-layer and 16-layer NAND dies—with a maximum capacity of 512GB and bandwidth offered in three tiers, supporting 0.4TB to 3.0TB per second.HBF connects to processors using the industry-standard UCIe interface, enabling compatibility with different processor types such as GPUs and CPUs. The specification has been released through the Open Compute Project (OCP), and the HBF Consortium currently includes Google and AI semiconductor company Tenstorrent.SK Hynix will also showcase its in-development 10th-generation (V10) 375-layer 4D NAND wafers and products for the first time at this event, with plans to begin mass production of high-performance, high-capacity enterprise SSDs (eSSD) utilizing this technology early next year.
Y Combinator announced the open-source release of its internal multi-agent framework QM (quartermaster) under the MIT license. QM is designed for organizational collaboration scenarios, runs on Slack and the Web, and can be used for tasks such as searching internal materials, handling emails, managing code repositories, and tracking projects.
Hong Kong-licensed cryptocurrency exchange HashKey Exchange has received approval from JPMorgan to open client fund accounts. HashKey Holdings stated that the account will support client fund segregation and settlement through JPMorgan's banking infrastructure. HashKey Exchange activated a client fund account with Singapore's DBS Bank on June 30, supporting fiat currency deposits, withdrawals, and settlement services. HashKey Holdings merged the previously independent HashKey Exchange and HashKey Global applications into a single entry point one week ago. HashKey Holdings was listed in Hong Kong in December last year, having raised $206 million through an oversubscribed initial public offering.