• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
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.

Crypto Market Daily Highlights

Jimmy Khan

May 07, 2022 09:46


微信截图_20220507092134.png


While the overall crypto market suffers due to investor concerns about Fed monetary policy, Tron (TRX) is on a breakout session.


Illicit behavior in the NFT realm continues unabated, with the OpenSea marketplace becoming the most recent victim.


In the newest twist in the SEC v Ripple lawsuit, the SEC sees hope of protecting William Hinman's 2018 speech-related papers and emails.


Argentina is the latest country to restrict client access to digital assets via banks.


The global financial markets are ending the week on a negative note, with European and US equities markets facing a second straight day of losses. Despite the gloomy crypto market attitude, Tron (TRX) defied the morning trend.


Market concerns over inflation, as well as the need for a more aggressive Fed rate path to contain inflation, sent shockwaves through the global financial markets.


The link between bitcoin (BTC) and the NASDAQ 100 became stronger this week, putting an end to any speculation that BTC might be used as an inflation hedge.


Tron (TRX) is the most active cryptocurrency on Friday.


Tron (TRX) was up 13.11 percent to $0.08428 at the time of writing. TRX rallied to a current-day high of $0.0865 during a strong morning session before dropping down.


Despite the fact that the larger crypto market was in the negative, the breakout session occurred. The announcement that Tron will introduce a TerraUSD (UST) competitor, the USDD, with a 30 percent annual percentage yield, drew a lot of attention.


Tron aims to raise $10 billion for its decentralized reserve, TronDAO, similar to the Luna Foundation Guard (LFG).


Algorand (ALGO), a CoinMarketCap top 100 coin, also gained gains this morning. Despite Thursday's sell-off, news of Algorand being a FIFA World Cup 2022 partner continued to give support.


In the SEC v Ripple case, the SEC wins a little victory.


The SEC won a tiny victory on Wednesday after a series of motions on Tuesday. Judge Sarah Netburn approved the SEC's request to submit a reply brief in its attempt to keep Hinman's speech papers and emails private on Wednesday.


William Hinman, a former SEC Director of the Division of Corporation Finance, has emerged as a key character in the SEC's case against Ripple.


Bitcoin (BTC) and Ethereum (ETH) are not securities, according to William Hinman. The Securities and Exchange Commission is attempting to protect records and emails related to internal deliberations and Hinman's famous statement.


Bitcoin (BTC) is having another difficult day.


BTC was down 1.48 percent to $36,033 at the time of writing. BTC fell to an early morning low of $35,319 before recovering to $36,000 levels after a gloomy morning.


The correlation with the NASDAQ 100 became stronger this week, as market sentiment regarding the Federal Reserve's monetary policies weighed on riskier assets.


The NASDAQ 100 was down 0.95 percent at the time of writing, after a 4.99 percent drop on Thursday.


The influence of central bank policies on cryptos was proved this week, calling into doubt the ethos of decentralization.


In other headlines this morning, Argentina's Central Bank banned banks from marketing cryptos to customers in the sake of financial stability.


With reports of hackers breaching OpenSea's Discord server, NFT marketplace OpenSea also made the crypto headlines.