MIT has announced a new and unknown LiteCoin based project will release on August 1st. This is also the date for the Bitcoin UASF.
Here's a screen clip and a link to the mit.edu web page to look for yourself. http://litecoin.mit.edu/
Meanwhile Charlie Lee has claimed not to know what the project is about, but has hinted that it might have something to do with the Lightning Network. See his tweet below.
No matter what they reveal, it will likely be good for crypto value and adoption in the near future. Some people are feeling uncertainty around the UASF event, so perhaps this is an effort by MIT to instill confidence in the market during a crucial time for the future of cryptocurrency. I'd love to hear your own speculations!
Sources:
http://litecoin.mit.edu/
https://lightning.network/
http://www.livebitcoinnews.com/mit-will-unveil-litecoin-oriented-project-august-1st/
http://www.uasf.co/