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On May 7th, Sullivan, an international market research firm, released its "China University and Research Institution AI4S Market Tracking Report, 2025." The report shows that Alibaba Cloud leads the Chinese university and research institution AI4S cloud market with a 26% market share, firmly holding the top position. The report indicates that the Chinese university and research AI4S cloud market is in a period of rapid growth and is projected to reach 10.7 billion yuan by 2030. Sullivan points out that compared to the general enterprise AI market, the demand for AI4S in Chinese universities and research institutions is upgrading from single computing resources to the construction of full-stack AI capabilities, emphasizing adaptability to research tasks, the collaborative capabilities of complex computing power and toolchains, and continuous service capabilities in cross-disciplinary scenarios. Alibaba Cloud has formed a complete technology stack across the entire chain of "computing power—platform—model—application—ecosystem," becoming the only vendor to achieve full-stack leadership.On May 7th, Fantasia Holdings (01777.HK) announced on the Hong Kong Stock Exchange the latest progress of its offshore debt restructuring: The company anticipates that it will be unable to obtain all the necessary regulatory approvals in a timely manner to complete the restructuring by the current final deadline (May 31, 2026). Therefore, as a prudent measure, the company intends to seek approval from the scheme creditors to extend the final deadline from May 31, 2026 to June 30, 2026, in accordance with the terms of each scheme.On May 7th, CNBCs Jim Cramer stated on Wednesday that cloud computing giants absolutely cannot skimp on their investment in artificial intelligence (AI). Cramers comments came after some described the surge in data centers and AI-related stocks as a "build it and theyll come" model—companies aggressively investing in infrastructure in the hope of eventually attracting customers. However, Cramer argued that applying this famous line from the movie *What Happens When It Comes* to the AI boom ignores a crucial point: customers already exist, and cloud service providers eager to meet demand are working hard to satisfy it. "The key to this data center boom is that its not a fantasy story, because data centers are being built, customers are actually flocking in, theyve already secured their places, and the momentum is building until every seat is filled," he said. He cited Amazon as an example to demonstrate that a comprehensive AI strategy is no longer just a pipe dream. Cramer quoted Amazons CEO regarding the need for continued investment: "If you dont build this stadium, customers will go elsewhere, and youll miss out on a lot of business opportunities."The Hang Seng Tech Index rose more than 3% intraday, the Hang Seng Index rose 1.54%, Kuaishou (01024.HK) rose more than 7%, Hua Hong Semiconductor (01347.HK) rose more than 6%, and Tencent Music (01698.HK), Kingsoft (03888.HK) and Baidu (09888.HK) all rose more than 5%.On May 7th, according to foreign media reports, Malaysian palm oil futures fell for the second consecutive trading day on Thursday, pressured by weakness in rival edible oils, although stronger crude oil prices limited the decline. The most active palm oil futures contract fell 38 ringgit, or 0.83%, to 4,541 ringgit per metric tonne in early trading. The most actively traded soybean oil contract in Dalian fell 1.43%, and the palm oil contract fell 1.92%. Soybean oil prices on the Chicago Board of Trade fell 0.63%. In early trading, oil prices rose by about $1, rebounding from the previous days plunge, as investors weighed the success of the Middle East peace agreement. Stronger crude oil futures made palm oil a more attractive biodiesel feedstock option. The ringgit, the currency for palm oil, rose 0.26% against the US dollar, making it more expensive for buyers holding foreign currency to purchase palm oil. Analysts say Malaysian palm oil prices could rise by about 12% to 5,200 ringgit per tonne by mid-July, as the war between the US and Israel over Iran has led to higher energy prices, stimulating demand for biodiesel and tightening supply.

Crypto Market Daily Highlights: ETH Avoids an SEC and Fed-Fueled Slide

Florala Chen

Feb 24, 2023 15:07


The top ten cryptocurrency index had a split morning on Thursday. While MATIC led the road down, ETH defied the negative pattern. Bitcoin is now trading below $24,000 for the first time in seven days following the lackluster session.


The NASDAQ Composite Index and US economic indexes supported the afternoon's trading. The US GDP grew by 2.7% in Q4 as opposed to the preliminary 3.2%. Economic experts expect growth to be 2.9%. Initial unemployment claims decreased from 195k to 192k, but labor market circumstances tightened nonetheless. Analysts predict a 200k rise.


The results and company profits caused the NASDAQ Composite Index to increase by 0.72%.

The NASDAQ, however, fell short of producing a positive crypto session as growing regulatory surveillance dampened investor interest.

Evidence for Crypto-Scrutiny Buying Attitude

The US Federal Reserve published a statement on Thursday outlining the dangers of trading in cryptocurrencies and commodities connected to cryptocurrencies. "Certain sources of funding from crypto-asset-related entities may pose heightened liquidity risks to banking organizations due to the unpredictability of the scale and timing of deposit inflows and outflows," the Fed said in a statement highlighting liquidity risks associated with funding sources from entities related to cryptocurrencies.


The security of such accounts (stablecoin-related reserves) may be correlated with stablecoin demand, stablecoin users' trust in the stablecoin structure, and the stablecoin issuer's reserve management procedures, according to the Fed, which joined the SEC in focusing on stablecoins. Such accounts are vulnerable to significant and swift withdrawals caused by, for instance, unexpected stablecoin redemptions or fluctuations in the marketplaces for digital assets.


The IMF also provided its perspective on the digital asset market as the US Department of Justice, the SEC, and the CFTC increased their crypto monitoring operations. A document named Components of Successful Strategies for Digital Securities was published on Thursday by the IMF.


The IMF intends to "handle concerns by Fund members on how to react to the growth of digital assets and the related dangers," according to the document.


News of the SEC and the New York Department of Financial Services (NYDFS) complaining to Binance came as the cryptocurrency market came under greater examination.


The US buying Situation was also unfavorable. Binance. The US's intentions to purchase Voyager helped reduce the danger of a pandemic at the end of 2022.

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