Crypto industry backs candidate Adrian Boafo to win Maryland House of Delegates primary election.

Beating AI News Brief: Jiyuan Ludong, founded by former head of Huawei's Pangu large model Wang Yunhe, has completed a new round of financing, with a valuation of several hundred million U.S. dollars and cumulative total financing exceeding tens of millions of U.S. dollars. The round was led by Honghui Fund. The company's core product is Routing Harness, which enables agents to automatically select and switch between different models during operation. Its OpenSquilla project has gained around 6,400 stars on GitHub; its multi-model API platform now has 54,000 users, with daily token calls exceeding 500 billion. In evaluations released by Jiyuan Ludong, a domestic multi-model combination outperformed Fable 5 on the DRACO research task, at approximately one-third of Fable 5's cost. Wang Yunhe's next plan is to train his own models, leveraging real tasks, model selection data and user feedback accumulated from the Harness, to advance from "helping agents pick models" to building Agent-Native Model capabilities.

U.S. spot Bitcoin ETFs recorded net inflows for the seventh consecutive trading day on Tuesday, raking in $314 million in a single session, pushing their cumulative net inflows for August to $3.03 billion—just $390 million short of the October 2025 monthly inflow record. With recent sustained capital inflows, the year-to-date net outflow gap for U.S. spot Bitcoin ETFs has narrowed by more than half from its previous peak to $2.26 billion, while their total net assets rose to $99.05 billion, with cumulative net inflows hitting $54.36 billion. If the current trend continues, August is on track to be the strongest month for capital performance since October 2025. Meanwhile, U.S. spot Ethereum ETFs also posted net inflows for seven straight trading days, attracting $179.8 million on Tuesday, with cumulative net inflows of roughly $1 billion over the past seven sessions. As of press time, Bitcoin is trading at $78,880, down approximately 2% over the past 24 hours after briefly breaking above $80,000 earlier; the Crypto Fear & Greed Index has fallen from 74 to 65, though it remains in the "greed" zone.

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With the 2026 U.S. midterm elections entering the 10-week countdown, the Democratic Party currently leads by roughly 6 percentage points in generic congressional ballot polling, and markets are starting to assess the potential impact of its retaking control of Congress on financial markets. Analysts believe that if the Democrats take control of Congress, the U.S. could enter a "divided government" scenario, with major legislation potentially mired in prolonged political gridlock. Ed Mills, an analyst at Raymond James, noted that market volatility over the past two years has stemmed more from executive actions than legislation. If Trump faces congressional checks, the White House may advance policies—especially tariff measures—via more frequent and aggressive executive orders, which would heighten market uncertainty. Meanwhile, the U.S. debt ceiling has emerged as another major risk on Wall Street. Markets expect the U.S. government could hit the roughly $41.1 trillion debt ceiling by mid-2027. TD Securities warns that if the Democrats control Congress, they may use the debt ceiling to force the Republican Party to make policy concessions. A debt ceiling standoff could push up U.S. Treasury yields and intensify market volatility, with short-term Treasuries facing selling pressure as the "default trigger date" approaches. Additionally, if election results are delayed for a long time due to vote counting or legal disputes, markets could see a repeat of "election chaos," driving up risk aversion and boosting volatility. Analysts note that what Wall Street needs most right now is a clear, predictable election outcome.

Insight Beating AI Flash News: According to a report from The Information, DeepSeek is seeking a second round of financing at a valuation of approximately 500 billion yuan, with plans to raise an additional 50 billion yuan. Data shows that from January to July 2026, DeepSeek’s revenue reached 475 million yuan (around $70.7 million), roughly 10 times its full-year revenue in 2025; net loss narrowed to 715 million yuan in the same period, lower than the full-year 935 million yuan in 2025. In terms of profitability, DeepSeek’s overall gross margin stood at 44.6%, with its API business boasting a gross margin of 82.9%—a gain driven mainly by optimized AI infrastructure, which allows the company to run models with fewer chips while maintaining low inference costs. As its V4 series, especially V4-Flash, gains widespread adoption among global developers, the company’s revenue growth has accelerated; last month, its annualized revenue was reportedly between $400 million and $500 million. Additionally, DeepSeek recently raised API prices to boost commercialization: the peak output price for V4-Pro increased from $0.87 to $3.96, and the off-peak price is $1.98—still lower than Kimi K3’s $15 and Claude Opus 5’s $25. Meanwhile, the company’s AI infrastructure investment surged from 1.2 billion yuan in 2025 to 11 billion yuan in the first seven months of this year, mainly used for server leasing and purchases of AI chips and computing power equipment. DeepSeek completed its first external financing round in June this year, raising around 50 billion yuan, and has now hired investment banks to prepare for an IPO in Shanghai next year.

Binance Alpha becomes the first platform to list Teller (DEBIT). The initial launch and trading of Alpha will start at 10:00 UTC on August 26, 2026. Users holding at least 240 Binance Alpha points can claim an airdrop of 50 DEBIT tokens on a first-come, first-served basis. If the reward pool is not fully allocated, the point threshold will automatically decrease by 5 points every 5 minutes. Note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours; otherwise, the airdrop will be deemed abandoned.