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The Ministry of Industry and Information Technology has launched a special initiative to cultivate artificial intelligence application service providers

The Ministry of Industry and Information Technology of China has launched a special action to cultivate artificial intelligence application service providers, encouraging various regions to increase the procurement of large models, intelligent agents, and Token services through first purchase and first use, risk compensation, and other methods, while using tools such as "computing power vouchers" to reduce computing power costs.The Ministry of Industry and Information Technology will also establish a national resource pool for AI application service providers, aiming to exceed 2,000 by the end of 2026 and no less than 3,000 by the end of 2027. These service providers mainly help enterprises implement AI projects, with services ranging from early consulting, program design, to system development, integration delivery, and then to subsequent operation and maintenance and security governance.This policy also specifically names FDE. The Ministry encourages service providers to form FDE teams to directly address project implementation issues on-site with users. Various regions are also required to open real business scenarios, organize supply and demand matching, and turn high-frequency, essential business needs into standardized AI products that can be delivered repeatedly.

Bitget launches a $300 million "Archimedes Plan" to provide special funding support for quantitative and asset management institutions

Bitget announced the launch of the "Project Archimedes," establishing a special fund with a total scale of $300 million to provide capital support for quantitative trading firms, asset management institutions, and market makers. The plan includes two sub-projects: a $100 million "Capital Support Program," which focuses on supporting emerging and growth-oriented quantitative institutions that adopt market-neutral strategies; and a $200 million "Interest-Free Lending Program," aimed at institutions with mature strategies and a certain trading scale, which can obtain interest-free funds by meeting corresponding trading volume or position standards to reduce financing costs and expand strategy scale.Bitget CEO Gracy Chen stated that as competition in institutional trading intensifies, capital, execution efficiency, and risk control are becoming important factors in whether strategies can achieve scalability. The Archimedes plan aims to help capable teams expand their strategy scale through capital support, with expectations to support over 50 projects in the next six months. Meanwhile, relying on Bitget's Unified Trading Account (UTA), institutions can use rToken spot positions as collateral for derivatives, allowing them to maintain tokenized stock exposure and contract strategies simultaneously without cross-account transfers, further enhancing capital efficiency.The Archimedes plan will adopt a long-term cooperation framework, implementing rolling access and phased deployment, and will regularly disclose progress such as the number of participating institutions, capital deployment scale, and strategy distribution.

AtlasX Protocol World Cup first special live broadcast concludes: 500,000 views drive 1,000,000 USDT prize pool excitement

Recently, the live broadcast "Feixiaohao × AtlasX: World Cup, Prediction Market, and Web3 Event Trading" jointly hosted by Feixiaohao and AtlasX Protocol successfully concluded on June 11, 2026. This live broadcast was the first AtlasX special live event following the launch of the Feixiaohao World Cup Carnival, and it completed the first round of concentrated warming up for the event's prize pool and payout rights, which is worth up to 1 million USDT. Review data shows that the event achieved over 90,000 online listeners, with a total of over 500,000 plays, and attracted participation from over 50 KOLs and exposure from over 50 media outlets, with content simultaneously covering 13 platforms including X, YouTube, TikTok, Telegram, Binance Square, Huobi Live, Gate Live, Hotcoin, Pumpkin, Sidekick, and more.As the title sponsor of the Feixiaohao World Cup Carnival, AtlasX Protocol completed the first round of concentrated market education for the World Cup prediction products through this live broadcast. The event, hosted by the AtlasX prediction platform, will facilitate interactive predictions during the World Cup from June 11, 2026, to July 20, 2026, covering various prediction topics such as World Cup champion, group winners, key matches, knockout stage advancement, and final results.In terms of communication effectiveness, the over 90,000 online listeners and over 500,000 total plays indicate that the World Cup prediction market has strong user attention and content dissemination capability. For AtlasX Protocol, the significance of this live broadcast is not just brand exposure, but leveraging the multi-platform live broadcast network of Feixiaohao Live100 to integrate prediction products into this global sports event, allowing users to understand the participatory value of the prediction market in real event scenarios.As the World Cup progresses, AtlasX Protocol will continue to update prediction topics based on the event's progress and will amplify the activity's reach through Feixiaohao (Feixiaohao.ai) live broadcasts, media, KOLs, and community resources.

WasabiCard featured in a special report by Forbes, focusing on the development opportunities of stablecoin payment infrastructure

The global stablecoin payment infrastructure platform WasabiCard has been featured in a special report by Forbes, which discusses the challenges faced by stablecoin payments in becoming mainstream applications and includes an interview with WasabiCard co-founder and CEO Ray Yang. The report points out that as stablecoin applications gradually extend from crypto trading to real business scenarios such as corporate payments and cross-border settlements, the underlying payment infrastructure is becoming a key driver of industry development.In the interview, Ray Yang stated: "At this stage, the development of stablecoin payments still faces dual challenges in technology and regulation. From a technical perspective, the core issue is no longer the transfer of funds itself; rather, the key lies in licensing qualifications, compliance systems, risk management capabilities, and banking network capabilities."Ray Yang further pointed out that the key to achieving large-scale commercialization of stablecoin payments does not lie in the payment capability itself, but in whether a global infrastructure can be built to connect digital assets with the traditional financial system. As a global stablecoin payment infrastructure platform, WasabiCard continues to focus on the global payment network, compliance systems, and enterprise-level payment capabilities, committed to promoting the widespread application of stablecoins in real business scenarios.This special report by Forbes reflects the ongoing attention of international mainstream financial media to the development trends of stablecoin payment infrastructure and indirectly highlights the growing importance of compliance and the value of building scalable global payment networks in the market.

Xiaohongshu launches a special action for the governance of financial professional accounts to address illegal inducements for cross-border investment and other violations

According to the Securities Times, Xiaohongshu has launched a special governance action for certified professional accounts in the financial sector starting from June 3. Based on relevant laws and regulations as well as platform rules, financial certifications are only issued to institutions holding compliant licenses. The nicknames of certified professional accounts on the platform must strictly match the actual business scope of the certified entity and must not obtain certification marks through false or misleading information. In the past week, Xiaohongshu has dealt with over 1,500 non-compliant financial professional accounts and will continue to comprehensively strengthen the public verification and validation mechanism, conducting regular inspections and handling of existing accounts.Staff introduced that since May, the Xiaohongshu platform has dealt with a total of 31,000 accounts involved in financial sector violations and marketing accounts without financial-related qualifications, including 539 notes and 146 comments related to illegal inducement of cross-border investment issues; 141 related notes regarding the low-priced resale of foreign investment bank research reports, and freezing of 132 related products. In addition, the platform has also handled over 130 pieces of suspected illegal information related to gold financial marketing promotion and domestic promotion of overseas platforms.
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