24/7 Blockchain industry dynamics and breaking crypto news
Beijing's municipal legislature plans the first review of a draft AI industry development regulation in November. Multiple representative proposals have been submitted to accelerate specialized legislation, aiming to provide legal frameworks for high-quality AI growth, talent development, and innovation in areas like embodied intelligent robotics.
Read MoreThe upcoming April PCE inflation data is expected to show persistent price pressures, potentially reaching a near-year high. Broader inflationary forces are spreading beyond energy into services and durable goods. This crucial report could force the Federal Reserve to reassess its policy stance, putting markets on high alert.
Read MoreByteDance is developing custom CPUs for its AI infrastructure to combat soaring chip prices and supply constraints, according to sources. The company is evaluating both Arm and RISC-V architectures to reduce reliance on Intel and AMD and power its internal AI platforms.
Read MoreFormer U.S. President Donald Trump has filed a new $10 billion defamation lawsuit against The Wall Street Journal over a report concerning his ties to the late financier Jeffrey Epstein. The suit was submitted in Florida federal court after a previous similar case was dismissed for failing to prove "actual malice."
Read MoreA whale linked to Matrixport, despite significant unrealized losses on a massive Ethereum position, has opened a new 20x leveraged long position for 500 BTC. This bold move, funded by 5 million USDC, signals high-conviction speculation amidst market volatility.
Read MoreData from May 28th reveals a significant net outflow exceeding $730 million from US spot Bitcoin ETFs, the highest in months. BlackRock's IBIT alone saw an outflow of roughly $528 million, marking its second-largest single-day withdrawal since launch, raising questions about shifting institutional sentiment.
Read MoreBinance Alpha has officially announced the upcoming listing of Sealcoin (QAIT) on May 28. Eligible users will have the opportunity to claim an exclusive airdrop using Alpha points once trading commences. Further details regarding the distribution process are expected to be released soon.
Read MoreOn May 28, Zhipu AI's Hong Kong-listed shares surged 10.74%, closing at HK$1,577. The significant rise is likely driven by technological advancements, market potential, or favorable industry trends, indicating strong investor confidence in the company's future growth.
Read MoreMarket volatility is currently dominated by Middle East geopolitics, particularly developments around crucial maritime routes. Analysts suggest looking beyond daily headlines to focus on when energy supplies might fully normalize, which holds the key to sustained price trends.
Read MoreLiquid Capital founder Jack Yi shares insights on market cycles, viewing recent pullbacks as profit retracement. His strategy focuses on preparing for the next buying opportunity post-rally and shifting significant resources towards AI stock research and investment, advocating for trend-based optimism.
Read MoreA prominent US real estate investment firm has strategically added 130 Bitcoin to its portfolio during a recent market dip. This move signals growing institutional interest in digital assets, as announced by the firm's CEO via social media.
Read MoreLeading South Korean digital asset exchange Bithumb has revealed plans to list the BILLIONS (BILL) token against the Korean Won. This move will provide local investors with direct KRW trading access, significantly boosting the token's liquidity and accessibility within the Asian market.
Read MoreA fund manager warns that upcoming U.S. Treasury operations may drain $150 billion from the financial system. This liquidity squeeze could trigger significant selling pressure on Bitcoin and other risk assets as investors become more cautious.
Read MoreStandard Chartered has launched its first institutional-grade cryptocurrency custody service in Hong Kong, with Solowin Holdings as its inaugural client. This move signifies a major step by a traditional bank into the regulated digital asset ecosystem, providing a secure gateway for institutional investment.
Read MoreIran's Revolutionary Guards announced a military strike on a U.S. air base early on the 28th, in response to American airstrikes near Bandar Abbas. The escalation has heightened regional tensions and drawn international concern.
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