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On May 6th, it was reported that on April 29th, 2026, during the 9th Digital China Summit, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) successfully held a sub-forum in Fuzhou themed "Digital Empowerment of Central Enterprises, Innovation Leading the Future" on enterprise digital transformation. Li Zhen, member of the SASAC Party Committee and Vice Chairman, attended the forum and delivered a speech. Li Zhen stated that the SASAC has thoroughly implemented the decisions and deployments of the CPC Central Committee and the State Council, adhering to policy-driven, organizational-promoted, demonstration-led, and collaborative approaches to deeply advance the digital transformation of central enterprises, achieving positive progress in promoting the digitalization of central enterprise industries and the digitalization of industries. In the future, the SASAC will organize a new round of special actions for digital and intelligent transformation, guide central enterprises in the tiered cultivation of smart factories, strengthen independent innovation in digital technologies, deepen the integration of the digital economy and the real economy, promote the transformation and upgrading of traditional industries, and accelerate the development of new quality productivity.May 6th - According to the National Immigration Administration, during this years May Day holiday, border inspection authorities nationwide handled 11.279 million inbound and outbound passengers, averaging 2.256 million passengers per day, a 3.5% increase compared to last years May Day holiday. The peak day for inbound and outbound clearance occurred on May 2nd, reaching 2.529 million passengers. Among them, 1.255 million were foreigners, a 12.5% increase compared to the same period last year; of the foreigners entering the country, 436,000 were eligible for visa-free entry, a 14.7% increase compared to the same period last year. A total of 531,000 inbound and outbound means of transport (ships, trains, vehicles) were inspected, a 16.6% increase compared to the same period last year.May 6th - Since the end of March, the Philadelphia Semiconductor Index has surged 54%, marking its best 25-day performance since March 2000. Ohsung Kwon, chief equity strategist at Wells Fargo Securities, stated that companies designing, manufacturing, or selling computer chips for high-intensity AI tasks are currently the biggest beneficiaries of large-scale AI infrastructure construction. "Thats the real bottleneck," he said. Kwon indicated that AI trading has entered a healthier cycle, with investors focusing more on monetizing the technology rather than capital expenditure. Last weeks earnings reports from tech giants like Amazon and Google reflected this shift in focus, with traders closely watching whether the massive investments in AI are truly yielding returns. Despite the ongoing AI hype, Wells Fargos sentiment indicator issued a "sell" signal for the first time since November 2021—suggesting that investors should build protective measures for their portfolios after the "sugar rush" in financial markets.Hong Kong-listed AI application stocks showed mixed performance. Meitu (01357.HK) surged over 16%, Kingsoft Cloud (03896.HK) rose over 5%, and Zhixing Technology (01274.HK), Baidu (09888.HK), and Alibaba (09988.HK) all rose over 3%. Meanwhile, 51Vision (06651.HK) fell over 6%, Micro-Robotics (02252.HK) and MyFT (02556.HK) fell over 5.5%, and Xunze (03317.HK) fell over 4%.Hong Kong-listed mainland property stocks continued their upward trend during the session, with China Jinmao (00817.HK) and Yuexiu Property (00123.HK) both rising by more than 6%, Jianfa International Group (01908.HK) rising by more than 5.5%, and China Resources Land (01109.HK), China Overseas Land & Investment (00688.HK), Greentown China (03900.HK), Longfor Group (00960.HK), and many other stocks rising by more than 4%.

Dear ADA Crypto Fans, Mark Your Calendars for Sept. 22

Cory Russell

Sep 19, 2022 14:56

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In the cryptocurrency industry, there is growing expectation after yesterday night's merger of Ethereum (ETH-USD). There is a lot to be thrilled about for Cardano (ADA-USD) and the ADA cryptocurrency investors, in fact. This is due to Cardano's network being the next to undergo a significant upgrade.


There is now a confirmed date for the much awaited Vasil hard fork, which was previously planned for June. It's interesting that this launch has been set for September 22 by the Cardano devs. According to recent sources, this date is official. Given that this update has been delayed, which has some members of the Cardano community worried, that's wonderful for investors.


Building on the Ethereum Merge's success, it seems investors are becoming more optimistic about this update. Cardano had a spike when Ethereum successfully integrated its mainnet with its proof-of-stake Beacon Chain, although now trading slightly lower.


Maybe the Cardano development team chose September as the launch month to capitalize on the enthusiasm created by Ethereum's success. Or maybe this improvement has been put off for too long and is now ready to be implemented. In any event, there is a lot of curiosity around this hard fork.


Let's explore Cardano's plans and what they entail for investors.

Is It Time to Buy ADA Cryptocurrency?

This Vasil hard fork seems prepared to start. Similar to the Ethereum Merge, this significant improvement has undergone extensive preparation. And similar to the Ethereum merger, some ardent Cardano supporters have expressed frustration about delays.


Despite this, many believe that Cardano's decision to take its time with this significant update is beneficial. The network should benefit from the scalability improvements and possible transaction price reductions. However, if they are carried out improperly, more harm than benefit might result.


Input Output (IOG), Cardano's blockchain development lab, said that successful and thorough testing has brought them to this point. They believe they are prepared to launch, and September 22 seems like a sufficient amount of time to iron out all the details.


Cardano will undoubtedly be an intriguing token to follow from here. Although volatility may continue, I believe there may be gains for this token after a successful hard fork.

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