Massachusetts Institute of Technology Countdown page to Litecoin project.
http://litecoin.mit.edu/
http://www.livebitcoinnews.com/mit-will-unveil-litecoin-oriented-project-august-1st/
I was aware of this information and didn't add it to the thread because it has been dismissed by the litecoin community. The team at MIT working on the Lightning Network has nothing to do with the countdown website for August 1st and it was created by an individual student. Even the source code of the website specifically states "Not associated with the MIT DCI Lit project, though we believe it will release soon".
While mildly interesting, it falls under the category of fake news until real information is released. Frankly, LTC doesn't need false stories to get ahead, there is more than enough good news and development. Let's leave the fake stuff to coins that lack merit.