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On September 5th, a mudslide and landslide occurred in Shixia Group, Mingkeng Village, Gaoping Town, Suichuan County, Jiangxi Province. The Ministry of Emergency Management immediately dispatched and deployed rescue and relief efforts, demanding all-out efforts to search for trapped personnel, verify the number of casualties and missing persons, and deploy nearby communication support and engineering rescue teams and equipment. Rescue personnel were to be organized to advance into the disaster area as soon as possible, and hydrological and geological disaster monitoring and early warning were to be strengthened. Scientific rescue measures were to be implemented, and secondary disasters to be prevented. The National Disaster Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV emergency response for natural disaster relief and a Level IV emergency response for geological disasters, dispatching working groups to the scene to guide rescue and disposal efforts. The National Emergency Survey Team for Production Safety Rescue, equipped with slope radar and other equipment, was also dispatched to the scene. Local fire departments have dispatched 41 vehicles and 224 personnel to the scene, and communication and reconnaissance drones from surrounding areas have been deployed.September 5th - The Asia-Pacific Media High-Level Forum was held in Shenzhen on September 5th. At the forum, Zhu Min, former Vice Governor of the Peoples Bank of China, emphasized promoting the digital and intelligent transformation and connectivity of the Asia-Pacific region. He called for deepening cooperation in cutting-edge technologies and strengthening collaboration in the field of artificial intelligence (AI). He also stressed the need to promote the development of the digital economy, expand digital public services, and facilitate standards interoperability.On September 5th, Russian Deputy Foreign Minister Sergei Ryabkov, commenting on the potential visit to Russia by US Presidential Envoy Joshua Witkov and Trumps son-in-law Jared Kushner, stated that the US government should consider the actual situation on the battlefield in its mediation efforts in Ukraine, and that the situation is developing unfavorably for Kyiv. Ryabkov pointed out that the key issue is whether the US government is prepared to invest the effort to find a genuine solution to the current crisis, including considering the realities of the battlefield, not only the root causes of the conflict frequently cited by Russia, but also the constantly evolving situation that is developing against Ukraine. Ryabkov said the question is whether the Anchorage meeting between the Russian and US leaders in August 2025 and subsequent events demonstrate that the US position on resolving a range of issues can remain within a rational framework, without succumbing to pressure from the situation and opposing mediators. These issues remain unresolved.September 5th - According to reports, after Zhipus first store on Tmall was launched, several major model manufacturers, including Kimi, MiniMax, and Jieyue Xingchen, are also in talks with Tmall to open official flagship stores and sell Token subscription packages.September 5th - In accordance with the "National Natural Disaster Relief Emergency Plan," and in response to the severe impact of recent typhoons and extreme heavy rainfall on Putian and Ningde in Fujian Province, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management raised the national natural disaster relief emergency response level for Fujian to Level III on September 5th. An additional disaster relief working group was dispatched to the disaster area to assess the situation and guide and assist local authorities in ensuring the basic living needs of affected people and in post-disaster emergency recovery efforts.

Crypto Prices Slump Over the Weekend

Skylar Shaw

May 09, 2022 09:59

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The Bitcoin market dropped over the weekend, matching the stock market's decline.


According to CoinDesk pricing, the world's biggest cryptocurrency, bitcoin, plummeted to $34,656 on Sunday afternoon, down 3.9 percent from Friday evening. Bitcoin fell below $34,000 earlier this afternoon, about half of its all-time high of $67,802 set in November.


Ethereum, the second-largest cryptocurrency, was trading at about $2,565 on Sunday afternoon, down 5.1 percent from Friday at 5 p.m. EDT.


Bitcoin and other cryptocurrencies are notorious for their wild price volatility


For years, individual investors dominated the market, but institutional investors, such as hedge funds and money managers, have begun to take control.


The market has become more aligned with regular markets as more professional investors trade crypto. Many institutional investors that acquire cryptocurrencies see them as high-risk investments, akin to equities in the technology sector. During periods of market turmoil, investors prefer to flee to safer areas.


Last week, the stock market fell the day after the Federal Reserve issued a half-point rate hike, the largest since 2000, to combat inflation. Additional rate hikes are possible this summer, according to Fed Chairman Jerome Powell. 


Some of the central bank's $9 trillion asset portfolio is also being unwound.


The Nasdaq Composite, which is heavily weighted in technology, fell to a 52-week low of 12144.66 on Friday. It is down 22% so far this year.


For most of 2022, cryptocurrency prices remained flat as investors braced for higher interest rates. According to CoinMarketCap, the crypto market was busy over the weekend, with $112 billion in market volume in a 24-hour period. The total value of the cryptocurrency market is currently $1.59 trillion.