gem

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 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.

Bitget announced the launch of the "Project Archimedes," establishing a special fund with a total scale of $300 million to provide capital support for quantitative trading firms, asset management institutions, and market makers. The plan includes two sub-projects: a $100 million "Capital Support Program," which focuses on supporting emerging and growth-oriented quantitative institutions that adopt market-neutral strategies; and a $200 million "Interest-Free Lending Program," aimed at institutions with mature strategies and a certain trading scale, which can obtain interest-free funds by meeting corresponding trading volume or position standards to reduce financing costs and expand strategy scale.Bitget CEO Gracy Chen stated that as competition in institutional trading intensifies, capital, execution efficiency, and risk control are becoming important factors in whether strategies can achieve scalability. The Archimedes plan aims to help capable teams expand their strategy scale through capital support, with expectations to support over 50 projects in the next six months. Meanwhile, relying on Bitget's Unified Trading Account (UTA), institutions can use rToken spot positions as collateral for derivatives, allowing them to maintain tokenized stock exposure and contract strategies simultaneously without cross-account transfers, further enhancing capital efficiency.The Archimedes plan will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will regularly disclose progress such as the number of participating institutions, capital deployment scale, and strategy distribution.

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.

Citrini analyst Jukan shared content on platform X stating that industry insiders reported that Google DeepMind co-founder Demis Hassabis had previously planned to leave simultaneously with another co-founder, David Silver. However, Google management was concerned that this news could trigger a significant drop in stock prices, so they hoped to delay his departure. Reports indicate that after Google announced related adjustments, the company's stock did indeed decline. Ultimately, Hassabis was persuaded to take on the role of chairman of DeepMind to help facilitate a smooth transition and create space for a more appropriate departure from Google in the future.It is reported that as David Silver shifts to founding Ineffable Intelligence and John Jumper joins Anthropic, the core AI research and development force at DeepMind is undergoing changes. Some insiders believe that the center of gravity for AI model development at Google has now shifted more towards the Bay Area, leading to a decline in the importance of DeepMind. Internally, Google is focusing on the large language model Gemini to catch up with OpenAI and Anthropic. Hassabis's adjustment reflects a long-standing strategic contradiction within Google: researchers are more focused on long-term scientific breakthroughs, while the commercial team is more concerned with AI products that can be quickly commercialized to drive revenue and stock price growth. Market predictions suggest that Hassabis may leave Google within a year and could potentially start a new venture.

The prediction market platform Kalshi announced the launch of the AI tool Blanket, aimed at helping small businesses hedge operational risks related to weather, energy prices, tariffs, elections, and more using event contracts.Blanket was developed by independent fintech entrepreneur Lauris Zminsky, based on Kalshi's CFTC-regulated prediction market operations, but it is not an internal product of Kalshi. The tool does not directly execute trades or handle funds, but instead analyzes the risks faced by businesses through AI and recommends Kalshi event contracts that can be used for hedging.

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 TechCrunch, OpenAI is fighting back against Apple's lawsuit regarding the leak of trade secrets, stating that Apple itself has vulnerabilities in its information security management and employee departure processes, and cannot prove that the relevant information is protected trade secrets.Apple previously accused OpenAI of obtaining hardware-related secrets through former employees who left Apple and requested the court to expedite the evidence investigation. In the latest legal documents submitted, OpenAI stated that Apple allows employees to use personal iCloud accounts to handle work materials and did not promptly revoke access after employees left. OpenAI claimed that Apple did not specify the exact trade secrets that were allegedly stolen, but only referred generally to information such as product development processes, supply chains, and testing.OpenAI believes that Apple's lawsuit is more about restricting its development in the AI hardware field and denies that the company needs or uses Apple's trade secrets. The focus of the dispute between the two parties centers on employee mobility, intellectual property protection, and competition in the AI hardware sector.

Bitget recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. According to the framework of the agreement, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare relevant financial service license applications under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows related to operations, regulation, and ecosystem development. According to the plan, Bitget will also gradually establish offices locally and conduct local recruitment to support local talent development and long-term construction.As a special administrative region in southern Bhutan, GMC is being developed as the next-generation international financial and innovation center, with its virtual asset system governed by the Financial Services Act of 2025. Jigdrel Singay, a board member of the Gelephu Mindfulness City Board, pointed out that introducing partners like Bitget helps bring global expertise while promoting local capabilities and the broader financial ecosystem development.

According to Jinshi reports, arrangements for the full reopening of the Strait of Hormuz will be announced within a few hours or tomorrow.

According to monitoring by Lookonchain, the whale 0x2e80 has once again withdrawn 19,000 ETH ($35.44 million) from Gemini and staked it.In the past three weeks, this whale has withdrawn a total of 112,000 ETH ($208 million) from Gemini and staked it.

Strategy founder Michael Saylor stated that his previous viewpoint of "Never Sell Your Bitcoin" was to share ideas with other holders as a personal investor.Saylor mentioned that he has never sold any Bitcoin, "not even one satoshi." He emphasized that Strategy is a publicly traded company, not a personal wallet, and has been publicly disclosing since 2020 that it may manage capital through buying or selling BTC.Saylor stated that Strategy's long-term belief in Bitcoin has not changed among investors, and the company's related operations are part of its corporate financial strategy, while his personal holding philosophy remains unchanged.Previously, the market was concerned about whether Strategy would adjust its Bitcoin holding strategy. Saylor's statement this time aims to distinguish personal holding behavior from the asset management decisions of a publicly traded company.

Asset management giant BlackRock has announced the launch of two tokenized money market products, further expanding its blockchain-based cash management business, including the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV).BlackRock stated that the new products will combine the liquidity and stability of traditional money market funds with blockchain infrastructure, providing institutional investors with more flexible cash management tools between traditional finance and digital asset markets.Among them: BSTBL will launch tokenized shares based on Ethereum on the existing money market fund. These on-chain shares can be transferred between approved wallets in compliance with regulatory requirements. BNY Mellon will serve as the transfer agent and tokenization service provider for BSTBL. BRSRV is a new type of tokenized money fund designed for digitally native institutional investors, supporting daily dividend reinvestment and multi-blockchain access, applicable to various digital asset scenarios including stablecoin reserve management. Securitize will act as the transfer agent and tokenization service provider for this fund.Both products invest in cash, short-term U.S. Treasury securities, and overnight repurchase agreements backed by U.S. Treasury securities, aiming to generate returns while maintaining principal stability and liquidity. As of now, the cash strategy assets managed by BlackRock's cash management group are close to $1.1 trillion, covering a variety of investors including corporations, banks, foundations, insurance companies, and public institutions. The launch of tokenized money funds is seen as an important step for traditional asset management institutions to further engage in RWA (real-world asset tokenization) and on-chain financial infrastructure.

The U.S. Commodity Futures Trading Commission (CFTC) has released a Notice of Proposed Rulemaking (NPRM) to solicit public comments on the amendments to Parts 37, 38, and 39 of the CFTC regulations and Sections 1.52 and 1.55, with a comment period of 60 days following publication in the Federal Register.The purpose of this amendment is to address potential conflicts of interest arising from the increasing interconnectedness among regulated entities such as Derivatives Clearing Organizations (DCOs), Designated Contract Markets (DCMs), Swap Execution Facilities (SEFs), Futures Commission Merchants (FCMs), and market makers.CFTC Chairman Michael S. Selig stated that the new rules will establish a principles-based regulatory framework for vertically integrated market structures, supporting innovation in the U.S. derivatives market while maintaining market integrity.

According to Jinshi reports, Israel's Channel 12 cited diplomatic sources stating that Qatari diplomats are negotiating with Iran to ensure the support of the Iranian Revolutionary Guard for arrangements related to the Strait of Hormuz.