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On April 2, the General Office of the Ministry of Industry and Information Technology of China issued a notice regarding the implementation of a special action to empower the development of small and medium-sized enterprises (SMEs) through inclusive computing power. The notice mentioned the innovation of inclusive computing service models. It aims to improve the SME section of China's computing power platform, the computing resource docking section of the China SME Service Network, and the national computing power internet service node section (collectively referred to as the SME platform section), facilitating precise matching between SME demands and computing resource supply, and promoting flexible payment models such as 'card time', 'calculated time', and token billing. The initiative will explore innovative services like 'computing power banks' and 'computing power supermarkets' to support SMEs in depositing idle computing resources, enabling flexible access through cross-regional and cross-period scheduling. Additionally, an AI entrepreneurship support plan for SMEs will be implemented, encouraging local relevant departments to subsidize 'computing vouchers', 'storage vouchers', and 'transportation vouchers' to eligible SMEs through the SME platform section, simplifying the acquisition and usage processes.

[China's Ministry of Industry and Information Technology: Exploring Innovative Services like 'Computing Power Banks' and 'Computing Power Supermarkets' to Support SMEs in Depositing Idle Computing Resources]On April 2, the General Office of the Ministry of Industry and Information Technology of China issued a notice regarding the implementation of a special action to empower the development of small and medium-sized enterprises (SMEs) through inclusive computing power. The notice mentioned the innovation of inclusive computing service models. It aims to improve the SME section of China's computing power platform, the computing resource docking section of the China SME Service Network, and the national computing power internet service node section (collectively referred to as the SME platform section), facilitating precise matching between SME demands and computing resource supply, and promoting flexible payment models such as 'card time', 'calculated time', and token billing. The initiative will explore innovative services like 'computing power banks' and 'computing power supermarkets' to support SMEs in depositing idle computing resources, enabling flexible access through cross-regional and cross-period scheduling. Additionally, an AI entrepreneurship support plan for SMEs will be implemented, encouraging local relevant departments to subsidize 'computing vouchers', 'storage vouchers', and 'transportation vouchers' to eligible SMEs through the SME platform section, simplifying the acquisition and usage processes.

China's Ministry of Industry and Information Technology: Exploring Innovative Services like 'Computing Power Banks' and 'Computing Power Supermarkets' to Support SMEs in Depositing Idle Computing Resources

On April 2, several publicly listed companies, including Empery Digital, Genius Group, and Riot Platforms, sold Bitcoin this week for reasons including debt repayment, liquidity needs, or a strategic shift towards artificial intelligence (AI) and high-performance computing (HPC). Sovereign-level sell-offs are also accelerating, with Bhutan selling off more of its Bitcoin holdings.

[Bitcoin 'Reserve Rush' is Retreating as Some Companies and Governments Begin to Sell Holdings]On April 2, several publicly listed companies, including Empery Digital, Genius Group, and Riot Platforms, sold Bitcoin this week for reasons including debt repayment, liquidity needs, or a strategic shift towards artificial intelligence (AI) and high-performance computing (HPC). Sovereign-level sell-offs are also accelerating, with Bhutan selling off more of its Bitcoin holdings.

Bitcoin 'Reserve Rush' is Retreating as Some Companies and Governments Begin to Sell Holdings

On April 2, it was reported that Goldman Sachs' headquarters in Paris received a bomb threat believed to be from an Iranian group.

[Goldman Sachs Paris Headquarters Faces Bomb Threat Believed to Be from Iranian Group]On April 2, it was reported that Goldman Sachs' headquarters in Paris received a bomb threat believed to be from an Iranian group.

Goldman Sachs Paris Headquarters Faces Bomb Threat Believed to Be from Iranian Group

On April 2, Interactive Investor analyst Richard Hunter stated in a report that as some markets in Europe, Asia, and the Americas approach the Easter long weekend, investors may preemptively sell off risk assets such as stocks and corporate bonds. "Traders are unlikely to hold positions ahead of the long weekend, as they have been caught off guard by sudden events multiple times before," he said. Following U.S. President Trump's national address on Wednesday warning of a potential escalation of the Middle East conflict in the next two to three weeks, market risk appetite has declined.

[Institution: Risk Assets May Face Further Sell-off Before Easter]On April 2, Interactive Investor analyst Richard Hunter stated in a report that as some markets in Europe, Asia, and the Americas approach the Easter long weekend, investors may preemptively sell off risk assets such as stocks and corporate bonds. "Traders are unlikely to hold positions ahead of the long weekend, as they have been caught off guard by sudden events multiple times before," he said. Following U.S. President Trump's national address on Wednesday warning of a potential escalation of the Middle East conflict in the next two to three weeks, market risk appetite has declined.

Institution: Risk Assets May Face Further Sell-off Before Easter

According to monitoring by 1M AI News, IDC's latest report indicates that the total shipment of AI accelerator cards in the Chinese market is expected to reach approximately 4 million units by 2025. Domestic manufacturers have delivered a total of 1.65 million units, accounting for 41% of the market. NVIDIA remains the leader with around 2.2 million units shipped, but its market share has decreased from approximately 95% before sanctions to 55%, losing 40 percentage points over three years. AMD has shipped about 160,000 units, representing 4% of the market. Among domestic players, Huawei ranks first with approximately 812,000 units, capturing about 20% of the total market and contributing nearly half of the domestic shipments. Other manufacturers include: 1. Pingtouge (Alibaba's chip design company) with about 265,000 units, ranking second among domestic producers; 2. Baidu's Kunlun chip and AI chip company Cambricon, each with about 116,000 units, tied for third place among domestic producers; 3. Haiguang, GPU startup Muxi, and Tensu Zhixin account for 5%, 4%, and 3% of domestic shipments, respectively. In 2025, the central government will launch a new round of investment in AI infrastructure, with provinces accelerating the construction of intelligent computing centers, and many regions requiring government and state-owned enterprise data centers to prioritize the procurement of domestic chips. Jensen Huang previously stated that NVIDIA's market share in China's high-end training chip market has 'dropped from 95% to zero,' and the current 55% overall share is mainly supported by inference chips and the mid-to-low-end market. Export controls have cut off supply channels for NVIDIA's most advanced products but have also opened up previously non-existent market space for domestic manufacturers.

[NVIDIA's Market Share in China Drops from 95% to 55% Over Three Years, Domestic AI Chips Capture 40% Market Share]According to monitoring by 1M AI News, IDC's latest report indicates that the total shipment of AI accelerator cards in the Chinese market is expected to reach approximately 4 million units by 2025. Domestic manufacturers have delivered a total of 1.65 million units, accounting for 41% of the market. NVIDIA remains the leader with around 2.2 million units shipped, but its market share has decreased from approximately 95% before sanctions to 55%, losing 40 percentage points over three years. AMD has shipped about 160,000 units, representing 4% of the market. Among domestic players, Huawei ranks first with approximately 812,000 units, capturing about 20% of the total market and contributing nearly half of the domestic shipments. Other manufacturers include: 1. Pingtouge (Alibaba's chip design company) with about 265,000 units, ranking second among domestic producers; 2. Baidu's Kunlun chip and AI chip company Cambricon, each with about 116,000 units, tied for third place among domestic producers; 3. Haiguang, GPU startup Muxi, and Tensu Zhixin account for 5%, 4%, and 3% of domestic shipments, respectively. In 2025, the central government will launch a new round of investment in AI infrastructure, with provinces accelerating the construction of intelligent computing centers, and many regions requiring government and state-owned enterprise data centers to prioritize the procurement of domestic chips. Jensen Huang previously stated that NVIDIA's market share in China's high-end training chip market has 'dropped from 95% to zero,' and the current 55% overall share is mainly supported by inference chips and the mid-to-low-end market. Export controls have cut off supply channels for NVIDIA's most advanced products but have also opened up previously non-existent market space for domestic manufacturers.

NVIDIA's Market Share in China Drops from 95% to 55% Over Three Years, Domestic AI Chips Capture 40% Market Share

On April 2, OpenEden officially launched HYBOND, the first tokenized product linked to BNY Investments' global short-term high-yield bond strategy, providing qualified investors with an investment channel for managed corporate bond portfolios. This product further expands the tokenized real-world asset (RWA) market beyond the currently dominant cash equivalents and government bond strategies. HYBOND is issued by OpenEden Digital Limited, regulated in Bermuda, while BNY Investments manages the underlying bond portfolio, continuing their previous collaboration on tokenized U.S. short-term Treasury products.

[OpenEden Launches Tokenized High-Yield Corporate Bond HYBOND]On April 2, OpenEden officially launched HYBOND, the first tokenized product linked to BNY Investments' global short-term high-yield bond strategy, providing qualified investors with an investment channel for managed corporate bond portfolios. This product further expands the tokenized real-world asset (RWA) market beyond the currently dominant cash equivalents and government bond strategies. HYBOND is issued by OpenEden Digital Limited, regulated in Bermuda, while BNY Investments manages the underlying bond portfolio, continuing their previous collaboration on tokenized U.S. short-term Treasury products.

OpenEden Launches Tokenized High-Yield Corporate Bond HYBOND

On April 2, the General Office of the Ministry of Industry and Information Technology announced a special action to empower the development of small and medium-sized enterprises (SMEs) through inclusive computing power. It mentioned the innovation of computing power service models. The plan aims to improve the SME section of China's computing power platform, the computing resource docking section of the China SME Service Network, and the national computing power internet service node section (collectively referred to as the SME platform section), facilitating precise matching between SME demands and computing resource supply, and promoting flexible payment models such as 'card time', 'nuclear time', and Token billing. It will explore innovative services like 'computing power banks' and 'computing power supermarkets', supporting SMEs to deposit idle computing resources for flexible access through cross-regional and cross-cycle scheduling. Additionally, an AI entrepreneurship support plan for SMEs will be implemented, encouraging local relevant departments to subsidize 'computing power vouchers', 'storage vouchers', and 'transportation vouchers' to SMEs that align with industrial guidance through the SME platform section, simplifying the acquisition and usage processes.

[Ministry of Industry and Information Technology: Exploring Innovative Services like 'Computing Power Banks' and 'Computing Power Supermarkets']On April 2, the General Office of the Ministry of Industry and Information Technology announced a special action to empower the development of small and medium-sized enterprises (SMEs) through inclusive computing power. It mentioned the innovation of computing power service models. The plan aims to improve the SME section of China's computing power platform, the computing resource docking section of the China SME Service Network, and the national computing power internet service node section (collectively referred to as the SME platform section), facilitating precise matching between SME demands and computing resource supply, and promoting flexible payment models such as 'card time', 'nuclear time', and Token billing. It will explore innovative services like 'computing power banks' and 'computing power supermarkets', supporting SMEs to deposit idle computing resources for flexible access through cross-regional and cross-cycle scheduling. Additionally, an AI entrepreneurship support plan for SMEs will be implemented, encouraging local relevant departments to subsidize 'computing power vouchers', 'storage vouchers', and 'transportation vouchers' to SMEs that align with industrial guidance through the SME platform section, simplifying the acquisition and usage processes.

Ministry of Industry and Information Technology: Exploring Innovative Services like 'Computing Power Banks' and 'Computing Power Supermarkets'

On April 2, Bank of America’s Global Research Department projected that the Bank of England will raise interest rates by 25 basis points in both June and July, contrary to previous forecasts which indicated rate cuts in June and September this year. (Jin Ten)

[Bank of America: Bank of England to Raise Rates by 25 Basis Points in June and July]On April 2, Bank of America’s Global Research Department projected that the Bank of England will raise interest rates by 25 basis points in both June and July, contrary to previous forecasts which indicated rate cuts in June and September this year. (Jin Ten)

Bank of America: Bank of England to Raise Rates by 25 Basis Points in June and July

On April 2, data from DefiLlama showed that the overall fees of Perp DEX have gradually contracted alongside the market decline. However, the market share of Hyperliquid has been steadily increasing, currently accounting for 50% of the fees in Perp DEX. The HIP-3 commodities/stocks currently represent 40% of Hyperliquid's trading volume.

[Perp DEX Overall Fees Shrink Amid Market Decline, Hyperliquid Captures 50% of Fees]On April 2, data from DefiLlama showed that the overall fees of Perp DEX have gradually contracted alongside the market decline. However, the market share of Hyperliquid has been steadily increasing, currently accounting for 50% of the fees in Perp DEX. The HIP-3 commodities/stocks currently represent 40% of Hyperliquid's trading volume.

Perp DEX Overall Fees Shrink Amid Market Decline, Hyperliquid Captures 50% of Fees

Acording to Reuters, the collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. In a statement on Sunday, the Royal Bahamas Police said: "In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd, a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred." FTX's newly appointed Chief Executive John J. Ray III said on Saturday that the company was working with law enforcement and regulators to mitigate the problem, and was making "every effort to secure all assets, wherever located."

Detail

【FTX collapse being scrutinized by Bahamas authorities】Acording to Reuters, the collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said on Sunday. In a statement on Sunday, the Royal Bahamas Police said: "In light of the collapse of FTX globally and the provisional liquidation of FTX Digital Markets Ltd, a team of financial investigators from the Financial Crimes Investigation Branch are working closely with the Bahamas Securities Commission to investigate if any criminal misconduct occurred." FTX's newly appointed Chief Executive John J. Ray III said on Saturday that the company was working with law enforcement and regulators to mitigate the problem, and was making "every effort to secure all assets, wherever located."

FTX collapse being scrutinized by Bahamas authorities

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Public Companies Increased Bitcoin Reserves by Over 47,000 BTC in March

FTX collapse being scrutinized by Bahamas authorities

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