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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.

Crypto Market Daily Highlights: BTC Delivered Market Support

Skylar Shaw

Mar 06, 2023 17:01

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The bitcoin top ten had a varied practice on Sunday. XRP, BNB, and ETH suffered, while MATIC topped the list of ten. In spite of the positive session, Bitcoin missed $23,000 for the second day in a row.


On Sunday, there were no crypto-related activities to divert buyers. Dip purchasers were forced to come back from the periphery by the dearth of events. The market, however, remained range-bound and only made moderate gains as a result of investor apprehensions regarding Silvergate Bank and attitudes toward increasing legislative and regulatory surveillance.


Investors now face regulation ambiguity and greater governmental inspection, which was made easier by the reduction in Fed Fear. The G20 is attempting to implement regulation changes to fight unethical crypto practices and reduce the dangers cryptos pose to financial security in response to the fall of FTX, which has given the anti-crypto side of the debate a stronger position.


The cryptocurrency marketplaces will have a hectic week this week. With the "first-ever Senate session centered on the pressing need to clamp down on the increasing environmental effects of crypto mining," Bitcoin mining will be a heated subject on Capitol Hill on Tuesday.


We anticipate learning more about FTX, Silvergate Bank, and Binance. A message to CEO CZ from US legislators last week specifically mentioned Binance. According to the letter, the site helped crooks and sanction evaders receive over $10 billion in funds.


Investors will discreetly hope that Ripple makes excellent headway in the current SEC v. Ripple lawsuit despite the increased monitoring. A win for Ripple might relieve pressure on the cryptocurrency market, especially if the Hinman Papers become public knowledge.


Investor attention will continue to be focused on the Day Ahead Binance, FTX, and Silvergate Bank reports, as well as regulation action and US legislator talk.


Prior to Fed Chief Powell's statement on Tuesday and Wednesday, investors should pay attention to what the FOMC members are saying. A bullish shift would hurt the NASDAQ Composite Index and strengthen the hands of the cryptocurrency investors. This morning, the NASDAQ mini was down 20 points.