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On April 2nd, the August Melon Technology Innovation Research Institute released the "Global Artificial Intelligence Enterprise Technology Innovation Index Report 2026" on March 30th. The report shows that the global artificial intelligence industry has formed a highly concentrated regional pattern. Of the 100 benchmark AI companies surveyed, 51 are from China and 37 are from the United States, totaling 88 companies from these two countries, accounting for 88% of the global total. The overall distribution shows a dual-core pattern of China and the US, with Europe playing a supporting role and other regions supplementing the mix. At the same time, the spatial agglomeration effect of global AI companies is extremely significant, with 51% of the companies clustered in the four core technology cities of San Francisco, Beijing, Shanghai, and Shenzhen.According to Yonhap News Agency, South Korean trade officials stated that US oil accounts for the largest share of the supply of alternative oil to the Middle East, and the proportion of US oil is expected to increase further.According to Yonhap News Agency, officials said South Korea has secured 50 million barrels of alternative oil supplies for April.Indonesias geophysical agency has lifted the tsunami warning following a 7.6-magnitude earthquake near Halmahera Island.On April 2nd, following CCTVs exposé of the chaos surrounding "imported" health products, the Hangzhou market supervision department in Zhejiang Province launched an investigation into Hangzhou Suoxiang Marketing Planning Co., Ltd., which was involved in the case. They have retrieved relevant materials such as service details and financial transactions, and are currently questioning relevant personnel and verifying related data. The market supervision department has now initiated an investigation into the company for suspected illegal advertising activities. Simultaneously, investigations have also been launched into Hangzhou Shetao E-commerce Co., Ltd. and Hangzhou Aidesida Media Technology Co., Ltd., also mentioned in the report, for suspected illegal advertising activities.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

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