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On May 30th, the State Administration for Market Regulation announced that, in order to adapt to the needs of combating and rectifying pyramid schemes under the new circumstances, protect the legitimate rights and interests of natural persons, legal persons, and unincorporated organizations, and maintain market order and social stability, it has organized the revision of the "Regulations on Prohibiting Pyramid Schemes," resulting in the "Draft Regulations on Prohibiting Pyramid Schemes (Revised Draft for Public Comment)," which is now open for public comment. The public comment period is from May 29th to June 28th, 2026. The draft revisions focus on the following aspects: adding specific content on combating online pyramid schemes; strengthening the working mechanisms and measures for preventing and combating pyramid schemes; and increasing the legal liabilities for pyramid schemes.On May 30, at the invitation of Valentina Matviyenko, Chairwoman of the Federation Council of Russia, and Volodin, Chairman of the State Duma, Zhao Leji, Chairman of the Standing Committee of the National Peoples Congress, paid an official friendly visit to Russia from May 27 to 30. In Moscow, he held separate talks with Matviyenko and Volodin and attended the 11th meeting of the China-Russia Parliamentary Cooperation Committee. Zhao Leji stated that the exchange mechanism between the legislative bodies of China and Russia is increasingly完善 (perfected/improved), playing an important role in optimizing the legal environment for bilateral cooperation and consolidating the public opinion foundation of bilateral relations. Both sides should, based on the functions and responsibilities of their legislative bodies, maintain the good momentum of multi-level and multi-field exchanges, enhance mutual understanding and trust, strengthen exchanges and mutual learning, and better serve the development of the China-Russia comprehensive strategic partnership of coordination for a new era. Exchanges of legislative experience should be conducted in areas such as national security, ecological and environmental protection, artificial intelligence, and foreign-related legal affairs.According to AXIOS, the first Windows PCs equipped with NVIDIA (NVDA.O) chips will be unveiled next week.On May 30th, Xiaomi officially unveiled its end-to-end optimization solution for the inference system of the MiMo-V2.5 series models. According to Xiaomi, the team systematically reconstructed the entire inference stack, from KVCache management, hierarchical caching, and prefix caching to scheduling strategies and the Prefill/Decode link, based on a hybrid architecture of Hybrid SWA+MoE+multimodal. KVCache storage was compressed to approximately 1/7 of comparable solutions, significantly reducing inference costs in long-sequence scenarios—this is the core technological foundation for this price reduction. On May 27th, the MiMo-V2.5 series API underwent a permanent price reduction, with a maximum reduction of 99%, regardless of input length.On May 30, the nations first green computing power full-stack AI platform was officially launched in the Hohhot Area of the Inner Mongolia Pilot Free Trade Zone, filling the gap in the regions one-stop computing power model word element comprehensive service transaction.

BTC Fear & Greed Index Signals a Bullish BTC Session Despite Headwinds

Skylar Shaw

Feb 28, 2023 15:15

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Bitcoin (BTC) experienced a 0.25% decline on Monday. Bitcoin finished the day at $23,502, partially erasing a 1.65% rise from the previous day. Bitcoin fell shy of the $24,000 mark for the third day in a row following the negative session.


After a turbulent morning, Bitcoin surged to a peak of $23,891 in the middle of the afternoon. Before going backward, Bitcoin passed through the First Significant Resistance Level (R1), which is located at $23,795. Bitcoin fell to a late low of $23,131 following the turnaround. Before finishing the day at $23,502, Bitcoin momentarily breached the First Significant Support Line (S1) at $23,205.

Fed Concern and Regulation Risk Anxiety Drive Bitcoin Away less than $24,000

As investors processed the G20 news and post-G20 remarks that offered investors a preview of what to anticipate, regulatory risk worries resurfaced on Monday. Although the G20 refrained from openly banning it, the discussion of enacting stringent regulation measures breeds doubt.


A Forbes story on Binance moving $1.8 billion of user assets to hedge funds on Monday challenged mood amid intense regulatory and legislator examination. CZ, the Founder of Binance, had not yet commented on the story as of the time of writing.


US economic indexes and the NASDAQ Composite Index briefly eased the afternoon session. In January, core durable goods sales in the US rose by 0.7%, correcting a 0.4% drop in December.


Analysts predict a 0.1% increase. Goods Purchases Non-Defense Ex Aviation, the Fed's favored measure, rose by 0.8%, correcting a 0.3% decline from December.


The most recent statistics, however, backed a more active Fed interest rate track to bring inflation back to the goal range. The NASDAQ composite Index increased by 0.63% on Monday thanks to assistance from decline purchasers. This morning, the NASDAQ mini gained 10.75 points.