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On May 30th, the Guangdong Provincial Development and Reform Commission publicly solicited opinions on the "Guangdong Provincial Regulations on the Development of Low-Altitude Economy (Draft for Solicitation of Opinions)." The regulations focus on the prominent bottlenecks hindering the development of Guangdongs low-altitude economy, offering targeted and precise measures and making specific institutional arrangements. For example, regarding insufficient airspace access, the regulations establish a collaborative operation mechanism for low-altitude airspace to improve airspace utilization efficiency; regarding inadequate infrastructure, they emphasize key aspects such as infrastructure construction planning, operation management, and renovation; regarding insufficient safety supervision, they strengthen the supervision and management of flight activities and implement low-altitude safety responsibilities; and regarding limited application scenarios, they expand low-altitude economic application scenarios according to relevant classifications and systematically explore and promote new low-altitude economic application scenarios.On May 30th, GalaxyVS, an AI-powered virtual screening platform for large-scale drug discovery, was officially launched. Based on the next-generation Tianhe supercomputing system, the platform targets a space of nearly 100 billion synthetic compounds and constructs an end-to-end technology system covering molecular characterization, vector retrieval, diversity control, affinity reordering, and large-scale task scheduling. This provides a highly efficient, high-precision, and scalable new foundational platform for innovative drug development. The platform was jointly developed by an AI biomedical team led by Meng Xiangfei, Party Secretary and Chief Scientist of the National Supercomputing Center in Tianjin, and Professor Lan Yanyan of the Institute for Intelligent Industry at Tsinghua University.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.

ETH Bulls Eye $1,650 on Justin Sun’s Bullish Stake on Shanghai Upgrade

Skylar Shaw

Feb 27, 2023 16:10

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On Saturday, Ethereum (ETH) decreased by 0.81%. Friday saw ETH lose 2.60% and finish the day at $1,595. For the third time in ten hours, ETH fell below $1,600 during the negative session.


After a divided morning, ETH reached a peak of $1,609 early on. ETH declined to a late low of $1,558 after failing to pass through the First Significant Resistance Line (R1) at $1,657. Before finishing the day at $1,595, ETH momentarily breached the First Significant Support Line (S1) at $1,567.


Bitcoin (BTC) decreased by 0.09% on Saturday. Bitcoin finished the day at $23,178, down from Friday's closing price of $3,133%. Bitcoin fell below $23,000 for the second time in ten hours during the negative session. BTC's loss run now stands at five periods, which is the second of the year.


Bitcoin reached a morning peak of $23,223 despite the day's uneven start. Bitcoin fell to a late low of $22,810 after failing to pass the First Significant Resistance Level (R1), which is located at $23,942.

 However, Bitcoin found late support to finish the day at $23,178, avoiding the First Significant Support Line (S1) at $22,665.

The Fed and the G20 Take Priority Over Shanghai's Improvement

The Ethereum community is very active right now because the Shanghai update is scheduled for February 28. Although there is disagreement in the market regarding how the Shanghai update will affect ETH, Justin Sun, the creator of Tron (TRX), has taken an optimistic stance and staked 150,100 ETH on Lido (LDO).


According to Cryptoquant data, ETH pledging payments increased significantly on Saturday. The graph below displays the 150,100 ETH influx that was a component of the February 25 198,560 ETH staking outflows.