flash

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.

Flashbots strategic leader Hasu stated that charging fees to passive holders, allowing them to pay for projects investing in your ecosystem (such as Lido, Aave, and DAT, which collectively fund Ethereum client teams, multiple EF derivative projects, overall DeFi construction, etc.), is actually very good. The problem with Ethereum has never been excessive ETH issuance, but rather insufficient ecosystem investment.Reducing inflation will inevitably suppress investment reduction. Unfortunately, the Ethereum research community has never been good at predicting these second or third-order effects.

Solana perpetual contract DEX Flash Trade announced on Friday that it will cease operations unless a buyer is found. The team stated that this decision is not based on financial reasons, but rather due to market direction, a decrease in participants, and a judgment on the overall trend of the crypto market.Flash Trade is seeking to sell its tech stack, brand, and intellectual property, with proceeds to be distributed proportionally to FAF token holders, with the team not taking a share, and team tokens not participating in the distribution. A specific timeline has not yet been determined, the withdrawal function remains open, and clear notifications will be issued in advance. Operational details (including new position closures, position settlements, etc.) will be discussed in a call with token holders on Monday, and the founder will hold an AMA on the X platform on August 10 at 16:00 UTC.The project had previously explored freezing AMM through MetaDAO to proportionally return funds but was unsuccessful, and the three-month delay for token staking has been canceled. Flash Trade has never conducted external financing and has distributed approximately $520,000 USDC in revenue sharing to FAF holders since its inception.

Ahmed Shihab, Chief Product Officer of Western Digital, stated that the key to AI storage competition is not simply pursuing the fastest medium, but whether it can continuously scale capacity at an affordable cost. He believes that many architectures run well in the early stages, but when the data scale grows from several PB to hundreds of PB or even EB levels, issues may arise due to uncontrolled costs.Flash storage is suitable for high-performance, low-latency scenarios such as model weights, GPU overflow, KV caches, and session contexts; HDDs are more suitable for large-scale, long-term storage, and cost-sensitive data such as training corpora, logs, checkpoints, compliance records, synthetic data, and inference outputs. He summarized: "Flash handles the present, HDD handles the entire lifecycle."At the scale of AI, storage costs themselves will become an architectural issue. Long-term storage of large volumes of data on high-performance media will crowd out budgets for computing, networking, power, and personnel. For many bulk storage workloads, the issue is not whether flash can store, but whether customers can afford the total cost of using flash in the long term.In the future, AI storage will not be dominated by a single technology, but should be designed in layers based on performance, cost, power consumption, density, reliability, and data lifecycle. He emphasized that this is not a competition between flash and HDD, but rather a need to match the appropriate medium for different workloads from the very beginning; otherwise, the architecture may impact business sustainability as it scales.

According to data from the multi-model aggregation platform OpenRouter, from July 27 to August 2, DeepSeek V4 Flash topped the global AI large model usage ranking with a call volume of 7.22 trillion tokens. Data from the open-source platform OpenCode shows that this model alone processed 8 trillion tokens on August 1. Four out of the top five positions are occupied by Chinese large models: Xiaomi's MiMo-V2.5 (5.1 trillion), Tencent's Hunyuan Hy3 (5.01 trillion), and another DeepSeek V4 Flash model (3.45 trillion) ranked second to fourth, while OpenAI GPT-5.6 Luna (2.99 trillion, a month-on-month increase of 738%) ranked fifth.The total call volume of Chinese large models last week reached 28.13 trillion tokens, surpassing the United States for 14 consecutive weeks, firmly holding the top position globally. The previously highly anticipated Kimi K3 fell out of the top ten this week, ranking 12th. It is noteworthy that free models are capturing an increasing share of traffic, with some models experiencing month-on-month growth exceeding 50%. Analysis indicates that domestic models have shifted from price competition to relying on inference performance and stable service capabilities, but companies like OpenAI and Anthropic continue to iterate, accelerating the internal competition and the pace of product iteration will determine user retention capabilities.

According to monitoring by Chainalysis, yesterday Hexagate detected that the LpdFi protocol was attacked, resulting in a loss of approximately $700,000. The attacker borrowed about $44 million in a flash loan, artificially inflated the price of LPD tokens by 71 times on the DEX, and then used tokens worth only about $2 million to fake a deposit of approximately $140 million in the protocol.One second later (just crossing the daily interest settlement boundary of the protocol), the attacker collected the interest for the inflated position for an entire day, triggering the protocol to liquidate its entire liquidity pool and pay out the stolen funds. After repaying all loans, the attacker made a profit of about $700,000 and immediately transferred the funds through Relay and TornadoCash.

According to IT Home, the national supercomputing internet has officially launched the DeepSeek-V4-Flash-0731 model API calling service and model files.This version has undergone extensive post-training, significantly enhancing the agent's instruction-following capabilities, with performance in multiple benchmark tests comparable to the strongest closed-source models. Enterprises and developers can access it with one click without the need for environment configuration.The platform's AI community has gathered over 1,700 open-source large models and has become the first national resource pool of super-intelligent integrated computing power at the level of 100,000 cards.

DeepSeek releases update log, DeepSeek V4 Flash official version API is now live for public testing. The model structure, size, and DeepSeek V4 Flash preview of DeepSeek V4 Flash 0731 remain consistent, with only post-training being redone.The official version of DeepSeek V4 Pro will be released as soon as possible.

CryptoQuant analyst Darkfost stated that the Bitcoin funding rate is showing typical signals before the significant increases in September 2024 and December 2022, indicating that pessimism may have recently peaked.From March to May, Bitcoin corrected over 50%, and the accumulation of short positions pushed the funding rate down to negative values. Subsequently, BTC rebounded to $82,000 in May. This signal has appeared again, potentially leaving room for a bullish reconstruction in the coming months. This indicator has been transformed into a monthly sentiment aggregation tool, which is more effective than the Fear and Greed Index.

OKX will launch the SLX (Solstice) Flash Earn Lite event on July 31, 2026, at 15:00. Users can participate by subscribing to BTC, OKSOL, OKB, or SLX to share a reward pool of 2,000,000 SLX.Users can start subscribing on July 27 at 15:00, and the event will end on August 5 at 15:00.

The B.AI API officially launches two models, Gemini 3.6 Flash and Gemini 3.5 Flash-Lite. Among them, Gemini 3.6 Flash, as an upgraded version of 3.5 Flash, significantly improves output quality while maintaining the same pricing, with an average reduction in token consumption of about 17%. Especially in complex scenarios like DeepSWE, the maximum reduction can reach 65%, greatly enhancing development efficiency and cost-effectiveness. Gemini 3.5 Flash-Lite, on the other hand, offers ultra-fast output of up to 350 tokens/s and exceptional cost performance, precisely meeting the demands of high concurrency and high real-time tasks such as document batch processing and Agentic intelligent retrieval. Currently, both models have opened official API interfaces, allowing developers to log in to the B.AI platform immediately for a seamless experience and enjoy the performance benefits brought by the new generation of models.

According to Decrypt, the cross-chain bridge protocol Allbridge has suspended its Core protocol due to a flash loan attack, with the attacker having stolen approximately $1.65 million in assets from the Solana stablecoin liquidity pool.According to analysis by blockchain security firms PeckShield and CertiK, the attacker borrowed $1.12 million in flash loan funds through the Solana lending protocol Kamino, and then manipulated the price mechanism within the Allbridge pool through multiple stablecoin exchange operations to exchange assets at a low price, subsequently transferring the funds across chains to an Ethereum address.During the attack, the attacker exchanged several thousand dollars in USDT to obtain approximately $2.24 million in USDC, and then bridged the funds to Ethereum for further dispersal. It is currently unclear whether some of the funds can still be recovered.Allbridge stated that the team has suspended the Core protocol for security reasons and has requested affected liquidity providers to withdraw their funds immediately. Due to the attack causing an imbalance in the liquidity pool, some traders profited from arbitrage opportunities. Allbridge has called on relevant users to return their profits, stating that the funds will be used to compensate affected LPs.The team indicated that there is no further risk to user funds at this time and will release a detailed incident analysis report after completing the investigation, while also planning to relaunch the Core protocol after removing the liquidity pool. This is the second time Allbridge has encountered a similar flash loan attack. In April 2023, the protocol's BNB Chain liquidity pool suffered a loss of approximately $573,000 due to a similar vulnerability, after which the project team stated that they had recovered most of the funds and adjusted the liquidity calculation mechanism.

The semiconductor storage sector of the US stock market is showing a differentiated trend. According to data from the Gate platform, SanDisk (SNDK) is currently priced at $1716.57, down 5.80% in the last 24 hours due to previous excessive gains and valuation adjustment pressure; while Micron Technology (MU), with a relatively reasonable valuation, is demonstrating stronger resilience, rising against the trend to a current price of $948.77, with a 24-hour increase of 2.21%. As the prices of these two assets fluctuate, the trading activity of derivatives on the Gate platform continues to rise. According to Coinglass data, the 24-hour trading volume of Gate SNDK contracts reached $12.4 million, with an open interest of $26.84 million; the 24-hour trading volume of Gate MU contracts reached $18.44 million, with an open interest of $19.23 million, both ranking among the top in the network.

OKX will launch the SENT (Sentient) flash profit event on July 17, 2026, at 15:00. Users can participate by subscribing to BTC, OKSOL, OKB, or SENT to share a reward of 32,000,000 SENT.The event will run from July 17, 15:00 to July 27, 15:00 (UTC+8).

According to Darcy, co-founder of FlashRescue, approximately $22 million in illicit funds flowed into the cryptocurrency exchange HitBTC in 2026. He pointed out that during two instances of cooperating with police investigations, HitBTC refused to assist in the verification process, and multiple on-chain investigators reported that this is a consistent practice of the platform.He mentioned that in the Bybit theft case, as much as $3.68 million from a money laundering network linked to the DPRK (North Korea) flowed into HitBTC, but the platform also did not cooperate with relevant authorities for further investigation.

According to official news, Gate will launch a special gift event for new users from July 2, 16:00 to July 9, 16:00 (UTC+8). During the event, new users who complete their first flash exchange can participate in multiple rewards: for a single first exchange of 1 USDT, they will receive a 100% chance to win a mystery box lottery, with a maximum prize of 888 USDT in cash; for a first exchange of 200 USDT, they will also receive an additional cash reward of 2 USDT and 1 chance to enter the mystery box lottery; users who accumulate a flash exchange trading volume of 1,000 USDT can claim a cash reward of 20 USDT. The total prize pool for the event is 60,000 USDT, and rewards are available on a first-come, first-served basis.In addition, Gate will launch the fourth phase of the flash exchange regular investment benefits from July 3, 16:00 to July 17, 16:00 (UTC+8), where an individual can receive rewards worth up to 1,300 USDT. During the event, new users who complete their first flash exchange and successfully create a regular investment strategy with a successful deduction can receive up to 300 USDT in dual-currency financial experience; users who continuously complete flash exchanges and regular investment check-ins for 3 days and 7 days can receive 300 USDT and 600 USDT in dual-currency financial experience, respectively. At the same time, users who accumulate a regular investment trading volume of 100 USDT or an accumulated flash exchange trading volume of 500 USDT can share two prize pools of 10,000 USDT each based on their trading volume proportion, with a maximum of 400 USDT in dual-currency financial experience available per individual.

OKX will launch the ROBO (Fabric Protocol) Flash Earn Lite event on July 3 at 15:00. Users can subscribe with BTC, ETH, OKB, or ROBO to share a reward of 20,000,000 ROBO. The event will run from July 3 at 15:00 to July 7 at 15:00 (UTC+8).

OKX will launch the ZAMA (Zama) Flash Earn Lite event on June 23 at 15:00. Users can participate by subscribing to OKB, ETH, or ZAMA to share a reward of 6,250,000 ZAMA. The event runs from June 23 at 15:00 to June 27 at 15:00 (UTC+8), and users must complete identity verification to participate.

According to the official announcement, Gate will launch the USD1 Yield Voyage event from June 10 at 18:00 to June 24 at 18:00 (UTC+8).During the event, users can exchange assets such as USDT and USDC for USD1 through flash exchanges. Accumulating a net purchase of USD1 to reach the specified threshold will allow users to receive an additional USD1 reward.For a cumulative net purchase of ≥100 USD1, users can receive 1 USD1; for ≥1,000 USD1, they can receive 3 USD1; for ≥5,000 USD1, they can receive 50 USD1; and for ≥10,000 USD1, they can receive 500 USD1 in rewards. Additionally, the top 50 users ranked by cumulative net purchases of USD1 will also be eligible for leaderboard rewards, with a chance to exclusively receive up to 2,000 USD1 in rewards.Furthermore, Gate will launch the third phase of the Flash Exchange Scratch Card event from June 11 at 16:00 to June 18 at 16:00 (UTC+8).During the event, users can complete tasks such as their first flash exchange, cumulative trading, and inviting friends to earn lottery chances, unlocking reward blind boxes with a 100% success rate, and have the opportunity to win popular meme coins, XAUT fragments, and cash rewards of up to 500 USDT.Users with a cumulative flash exchange trading volume of 30,000 USDT can also participate in the "Flash Exchange Leaderboard," with a chance to exclusively win a cash grand prize of 500 USDT; at the same time, users who complete ≥100 USDT flash exchange transactions and participate in the lottery will have the chance to become the "Super Koi of the Entire Network," randomly receiving a cash reward of 500 USDT.