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The yield on Japans 40-year government bonds rose 7.0 basis points to 3.725%, while the yield on Japans 30-year government bonds rose 5.0 basis points to 3.485%.February 16th - Recently, due to a surge in global demand for GLM-5, concurrent access has exceeded the planned limits, leading to queuing, response delays, and lag, impacting the experience for some users. Although Zhipu (02513.HK) has repeatedly expanded its domestic chip cluster and released limited GLM Coding Plan packages, it has not been able to completely resolve the current supply shortage. Zhipu is now launching a "Computing Power Partner" recruitment program: 1. Chip Manufacturers: Zhipu is willing to open its core technology interfaces to jointly conduct underlying optimizations for GLM-5. 2. Computing Power Partners and Inference Service Providers: Jointly build a higher concurrency, lower latency inference network. 3. Other forms of computing power cooperation.Xiaomi Group (01810.HK): On February 16, the company repurchased 1.5 million Class B shares for HK$54.7 million.February 16th - The State Power Investment Corporation (SPIC) Party Committee issued its 2026 Spring Festival Address: 2025 marked the final year of the 14th Five-Year Plan. The Group achieved remarkable results in serving the overall national development strategy, actively expanding effective investment, with total installed capacity reaching 287 million kilowatts, an increase of 8.4%, assets approaching 2 trillion yuan, operating revenue exceeding 400 billion yuan, and total profit surpassing 50 billion yuan. Major projects progressed smoothly; the "Guohe-1" demonstration project was completed and put into operation, and the first prototype of the 300 MW F-class heavy-duty gas turbine passed preliminary reliability verification. Two major projects were selected as achievements of the Ministry of Industry and Information Technologys 2025 "Major National Projects Supporting the Construction of a Strong Nation." In 2026, the Group will deepen enterprise reform, accelerate strategic implementation, adhere to innovation-driven development, strengthen digital and intelligent empowerment, prevent and resolve risks, and strive to create a new situation for reform and development.February 16th - According to foreign media reports, official data released on the 16th shows that Japans economic growth at the end of 2025 will be lower than market expectations. The worlds fourth-largest economy saw its GDP grow by only 0.1% in the fourth quarter, below the market expectation of 0.4%. Furthermore, after contracting by 0.2% in 2024, the Japanese economy is projected to grow by 1.1% in 2025. Prior to the fourth quarters growth, the previous quarters figure was -0.6%, which was revised downwards to -0.7%. The data shows that growth in private consumption, private housing, and business investment contributed to the fourth quarters economic growth.

U.S Virtual Casino Sands Vegas Ordered to Shut Down for NFT Sales

Skylar Shaw

Apr 15, 2022 10:34


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For NFT sales, two US states filed cease-and-desist orders against Sands Vegas Casino Club.


According to reports, Sands Vegas Casino Club sold NFTs to build a Metaverse casino.


NFT holders are eligible to get revenue shares from metaverse casinos.


NFTs and the Metaverse continue to pique people's interest. Mainstream players have embraced Web3 and are hard at work figuring out how to infuse brands into NFTs and the Metaverse in order to attract customers.


Over the years, online gaming has grown in popularity. The Metaverse and the growth of NFTs provide online gaming platforms with a new avenue to explore and elevate the gambling experience to a whole new level.

Texas and Alabama Issue Sands Vegas Cease-and-Desist Orders

US authorities from two states issued cease-and-desist orders against Sands Vegas Casino Club on Wednesday.


The online casino has sold NFTs to support its activities, according to the two states. The NFTs were an unlawful securities offering, according to Alabama and Texas state statutes.


The virtual casino provided "11,111 Gambler NFTs in conjunction with their building metaverse casinos in popular metaverses such as the Sandbox, Decentraland, Infinity Void, and NFT Worlds," according to a press statement from the Texas State Securities Board.


"Gamblers, operating via avatars, may access the metaverse casino and play poker and other games using cryptocurrency," the press announcement continues. These activities benefit purchasers of Gambler NFTs. They not only become proprietors of the metaverse casinos, but they also allegedly get half of the revenues."


A press statement was also issued by the Alabama Securities Commission on the cease-and-desist order.


Sand Vegas Casino purchased 27 plots in Sandbox (SAND) in January 2022, according to the Sand Vegas plan. Between March and August 2022, the virtual casino sought to satisfy all regulatory/legal standards.


The Sand Vegas Casino Club was up and functioning at the time of writing, with NFTs for sale on OpenSea.

Virtual Casino Growth Likely to Draw Greater Regulatory Scrutiny

Casinos are generating a lot of money in the Metaverse, and this trend is expected to increase as more traditional casinos make their way into the virtual reality.


Decentraland's (MANA) ICE Poker recorded $7.5 in revenue in three months, according to Casino.org.


Decentraland is said to have invested in Decentral Games, a decentralized autonomous organization (DAO) tasked with producing the Metaverse casino ICE Poker. In October of 2021, ICE Poker was introduced.