4.10 AI Daily Major Breakthroughs and Challenges in the AI Field: From Virtual Exchange to Regulatory Policies

1. Headlines

1. The world's first AI-driven cryptocurrency exchange is officially launched.

The world’s first AI-driven cryptocurrency exchange "AI ange" officially launched today. The exchange employs the most advanced AI algorithms and machine learning technologies, aiming to provide users with a more efficient, secure, and intelligent cryptocurrency trading experience.

The core of AI ange is an intelligent trading system built on deep learning models. This system can analyze vast amounts of data from the global cryptocurrency market in real-time, including price trends, trading volumes, social media sentiment, and more, and automatically execute optimized trading strategies based on the analysis results. Compared to traditional exchanges, AI ange requires no human intervention and can conduct high-frequency trading continuously for 24 hours, significantly improving trading efficiency.

In addition to the smart trading system, AI ange is also equipped with an AI-driven customer service system and an anti-money laundering system. The customer service system can provide users with intelligent customer support 24/7 through natural language processing technology. The anti-money laundering system continuously monitors trading activities using machine learning algorithms to timely identify and prevent suspicious transactions, thus effectively ensuring the compliant operation of the exchange.

The launch of AI ange will bring revolutionary changes to the cryptocurrency trading field. Analysts believe that AI-driven exchanges will not only significantly improve trading efficiency and security but will also drive the entire cryptocurrency ecosystem towards a more intelligent and transparent direction. Meanwhile, the successful operation of AI ange will also provide valuable experience for the AI transformation of other traditional financial institutions.

2. The EU approves the "Artificial Intelligence Act," marking the beginning of the era of AI regulation.

After two years of deliberation, the EU Council and the European Parliament have finally reached an agreement on the "Artificial Intelligence Act", marking the official introduction of the world's first binding AI regulatory framework. The act will come into effect in June 2024 and will be legally binding for EU member states.

The core content of the "Artificial Intelligence Act" includes:

1. Classify and categorize AI systems, listing those with "unacceptable risks" as prohibited, such as systems used for social scoring or manipulating elections.

2. Implement strict compliance requirements for "high-risk" AI systems, including manual review, risk management measures, and third-party certification.

3. Implement lenient transparency requirements for "low risk" or "minimum risk" AI systems.

4. Grant law enforcement powers to EU member states to impose fines of up to 6% of global annual revenue on violators.

5. Require AI system providers to adhere to principles such as human rights, privacy, and data protection during the development and use of the system.

The introduction of this legislation marks the arrival of the AI regulatory era. It will set a "safety net" for the fundamental rights of EU citizens, while also having a profound impact on the innovative development of AI companies. Analysts point out that although this legislation may increase compliance costs for businesses in the short term, in the long run, it will help improve public trust in AI technology and create a favorable environment for the healthy development of the AI industry.

3. ChatGPT has been reported to have racial bias, and OpenAI has promised to improve the model.

Recently, a study on ChatGPT found that this AI dialogue system has a significant bias tendency when handling conversations involving racial issues. Researchers discovered that ChatGPT often uses negatively colored words and statements when answering questions related to African Americans.

This discovery has sparked widespread attention and discussion. OpenAI, as the developer of ChatGPT, promptly issued a statement acknowledging the existence of this issue and stated that it would actively take measures to improve the model and eliminate racial bias.

OpenAI explains that the ChatGPT model is trained on vast amounts of internet data, and the biases and harmful content present in the training data may be absorbed and amplified by the model. To address this issue, OpenAI will take the following measures:

1. Optimize the training dataset by filtering out data sources that contain racist content.

2. Incorporate anti-bias algorithms during the model training process to reduce the model's learning of harmful biases.

3. Strengthen the content review and filtering mechanisms of the dialogue system to promptly detect and prevent outputs that exhibit racial discrimination.

4. Collaborate with relevant institutions and experts to continuously improve the fairness and inclusivity of the model.

Analysts point out that the existence of bias in artificial intelligence systems is not an isolated case; this is a systemic issue that requires the high attention and ongoing resolution by AI practitioners. Only through relentless effort can we ensure that artificial intelligence technology adheres to the principles of fairness and responsibility during its development, ultimately benefiting all of humanity.

4. Google releases a brand new AI chip "Tensor Processing Unit", significantly improving performance.

Google officially launched its brand new artificial intelligence dedicated chip "Tensor Processing Unit ( TPU )" today. Compared to the previous generation, the new generation TPU has significantly improved in computational performance, energy efficiency, and chip size, which is expected to bring significant breakthroughs for Google in the AI field.

The new generation TPU is manufactured using a 7-nanometer process, with a single chip computing power of up to 1.1 trillion operations per second, which is 2.7 times that of the previous generation. At the same time, the energy efficiency of the TPU has also improved by 2.7 times, reaching 900 trillion operations per watt. In addition, the chip size of the new TPU has also been significantly reduced, which is beneficial for building more compact and efficient AI computing clusters.

Google stated that the powerful performance of the new generation of TPUs will greatly boost its efforts in AI fields such as machine learning, computer vision, and natural language processing. In the future, TPUs will be widely used in key areas such as Google's search engine, cloud computing services, and autonomous vehicles.

Industry analysts believe that the release of TPU marks a new stage of development for artificial intelligence hardware. Compared with general-purpose CPUs and GPUs, dedicated AI chips have natural advantages in energy efficiency and parallel computing capabilities, and will become an important driving force for the development of AI algorithms and applications. At the same time, the emergence of TPU will further intensify the competitive landscape of technology giants in the field of AI chips.

5. The first AI art auction was held in New York, with the highest artwork selling for over 2 million dollars.

The first large-scale auction of artificial intelligence artworks was unveiled last weekend in New York. Collectors and art enthusiasts from around the world participated in the auction, and a total of 68 AI-generated artworks were successfully sold, with a total transaction amount exceeding $12 million.

The most expensive piece at the auction was an abstract painting titled "Beyond Boundaries" created by the AI system "New Dimension," which was ultimately sold for $2.1 million to an anonymous collector. This artwork utilized a unique AI algorithm that perfectly blended the creative elements of human artists with the visual elements generated by machine learning.

Another highly anticipated work is the 3D animated short film "Source of Evolution" generated by the "Pixel Universe" system, which sold for $1.7 million. This approximately 10-minute long short film recreates the process from the Big Bang to the origin of life using AI technology, and the visual effects are extremely stunning.

The successful holding of this auction marks a gradual acceptance and recognition of AI art by the mainstream art market. Analysts indicate that the unique charm and innovation exhibited by AI art are reshaping human perception and definition of art. In the future, AI art will run alongside human art, bringing new vitality and possibilities to the art world.

2. Industry Data

1. BTC

The recent transaction price of Bitcoin is 77764.2000 USD, with a daily fluctuation of -2.2000%.

2. ETH

The recent transaction price of Ethereum is $1484.4100, with a daily price change of -5.5000%.

3. XRP

The recent transaction price of XRP is $1.8337, with a daily change of -1.8000%.

4. SOL

The recent transaction price of Solana is $107.5400, with a daily fluctuation of -1.1000%.

5. GT

The recent trading price of GT is $21.0480, with a daily change of -1.8000%.

3. Industry News

1. Trump's tariff policy causes severe fluctuations in the cryptocurrency market.

Trump suddenly announced a 90-day suspension of tariffs on multiple countries, causing severe fluctuations in the global financial markets. Bitcoin surged over 8% at one point, breaking through the $82,000 mark. Analysts pointed out that this policy shift has released optimistic sentiment in the market regarding the easing of the trade war, with Bitcoin gaining favor as a safe-haven asset. However, due to the ongoing uncertainty of the policy, investor sentiment remains cautious.

Trading data shows that Bitcoin's intraday volatility has exceeded $2,500, with a significant increase in trading volume. Analysts warn that if tariff policies fluctuate again, it could trigger greater volatility. Nevertheless, some investors are betting that Bitcoin will return to the $100,000 mark by the end of the year, with active buying in December options.

At the same time, Ethereum surged 13.77% driven by news about tariffs, returning above $1,600. The SEC approved spot Ethereum ETF options trading, opening new avenues for institutional investors to participate in the Ethereum ecosystem. Analysts believe this could trigger long-term capital inflows, pushing Ethereum prices further up.

2. Bitcoin's overall network hash rate has reached a new high, and the network's security continues to enhance.

Data shows that the average daily hash rate of the Bitcoin network has surpassed 1 Zetahash/s for the first time, marking a new high in network security and decentralization. Analysts indicate that the continuous growth of hash rate reflects miners' confidence in the long-term prospects of Bitcoin. As more hash power joins, the Bitcoin network will become more decentralized and secure.

However, some experts also warn that the excessive concentration of computing power may pose potential risks. Currently, the computing power share of the top five mining pools has exceeded 70%, which presents certain centralization risks. In extreme situations such as pool joint attacks, it may cause a certain impact on the network.

Overall, the growth of Bitcoin's hash rate is seen as a positive signal for the development of the network. However, at the same time, it is necessary to be vigilant about the potential risks brought by excessive concentration of hash power, and to maintain the decentralization and security of the network.

3. Filament suffered a loss of $570,000 from an attack, raising concerns about the security of emerging projects.

The decentralized lending protocol Filament suffered a flash loan attack, resulting in the theft of assets worth approximately $570,000. The incident has once again raised concerns within the industry about the security of emerging DeFi projects. Analysts point out that despite the booming DeFi ecosystem, many projects still have shortcomings in security audits and defense mechanisms.

The Filament team has suspended the lending function and is working with a security company to investigate the cause of the incident. However, due to the open-source nature of the protocol code, hackers may have made the attack code public, which could trigger more similar attack incidents.

Some experts call for DeFi project teams to strengthen security audits, improve code quality and defensive capabilities. Meanwhile, investors should also exercise extra caution when participating in emerging DeFi projects and assess potential risks. Only by jointly prioritizing security can both project teams and users ensure the sustainable and healthy development of the DeFi ecosystem.

4. Babylon public chain mainnet launched, Bitcoin staking applications may welcome new opportunities

The Bitcoin Layer 2 scaling solution, Babylon public chain, officially launched today. Analysts believe this could bring new development opportunities for Bitcoin staking applications. The Babylon public chain allows users to stake Bitcoin for mining, earning corresponding BTC rewards, and is expected to drive the Bitcoin ecosystem to expand into broader application scenarios.

However, some experts have raised concerns about the security and sustainability of Bitcoin staking applications. They worry that if a large amount of Bitcoin is locked for staking, it could affect Bitcoin's liquidity and increase systemic risk.

Overall, the launch of the Babylon public chain brings new development opportunities to the Bitcoin ecosystem, but it also faces some potential challenges. Whether Bitcoin staking applications can gain widespread adoption in the future will require time to test.

4. Project News

1. WORLD3 integrates Sui into the open-source WORLD AI protocol

As a significant advancement in cross-chain artificial intelligence innovation, WORLD3 has announced the integration of Sui into its open-source WORLD AI protocol. This groundbreaking framework connects decentralized applications with AI, providing a secure and versatile solution for AI-driven automation in the blockchain ecosystem.

The three-layer architecture of the WORLD AI protocol enables developers to build and manage artificial intelligence agents that perform specialized tasks on blockchain networks while maintaining security and user control. With the addition of the high-performance Layer 1 blockchain Sui, the protocol has taken an important step on its roadmap. This integration allows artificial intelligence agents to execute secure, permissioned transactions within the Sui ecosystem, bringing reliable automation to decentralized applications, games, and DeFi projects.

With features such as skill plugins, knowledge packs, advanced task management, and a licensing framework, WORLD3 ensures that users maintain complete autonomy while leveraging artificial intelligence capabilities. This milestone paves the way for new opportunities for the Sui community, combining AI innovation with decentralized technology.

The initiative has received widespread attention and appreciation from industry insiders. Analysts believe that the collaboration between WORLD3 and Sui is expected to promote the integration of blockchain and artificial intelligence technologies, bringing more innovative applications to the ecosystem. At the same time, some experts have expressed concerns that the introduction of artificial intelligence technology may bring new security risks and regulatory challenges, requiring relevant institutions to establish clear rules and standards.

2. Orderly launches BABY perpetual contracts, supporting up to 5x leverage.

According to reports, Orderly is a liquidity infrastructure project that integrates on-chain derivatives liquidity. By consolidating orders from different chains into a unified on-chain order book, Orderly creates a unified cross-chain liquidity ecosystem, addressing the issue of fragmented liquidity between chains.

Orderly announced the launch of the BABY perpetual contract on April 10, supporting up to 5x leverage. This move aims to provide users with more trading options and risk management tools. BABY is a Meme token based on Smart Chain, which has received significant attention since its launch.

Perpetual contracts are a type of derivative contract with no expiration date, allowing traders to take long or short positions on cryptocurrency prices indefinitely. Orderly's BABY perpetual contract will offer traders up to 5x leverage, enabling them to amplify their position sizes, but it also increases the risk.

This initiative is seen as part of Orderly's further expansion of its product line, aimed at attracting more users and liquidity. Analysts believe that Orderly's approach reflects the rapid development of the cryptocurrency derivatives market and the efforts of exchanges to innovate continuously to meet user demands.

However, some individuals have raised warnings about the risks of high-leverage derivative products. They believe that such products may increase market volatility and expose investors to potential liquidation risks. Therefore, regulatory authorities need to closely monitor developments in this area and establish appropriate rules to protect investors' interests.

3. Labs collaborates with squid to achieve USDX cross-chain transfers.

Labs is a company focused on the development and deployment of algorithmic stablecoins, aiming to provide reliable value storage and payment tools for the cryptocurrency ecosystem. Its flagship product USDX is an algorithmic stablecoin that automatically adjusts supply through smart contract algorithms to maintain its peg to the US dollar.

According to official news, Labs has reached a cooperation with squid to implement cross-chain token services for USDX and sUSDX on Arrum, BNB Chain, and Ethereum networks based on Axelar ITS technology (. This cooperation will significantly enhance the liquidity and use cases of USDX.

Axelar is a cross-chain network designed to connect various blockchains, enabling seamless flow of assets and information. With the integration of Axelar, USDX users will be able to freely transfer assets between different blockchain networks without the need for intermediaries. This not only enhances the user experience but also increases the security and decentralization of USDX.

Analysts believe that this collaboration marks Labs' further expansion of the USDX ecosystem. With the addition of more blockchain networks, USDX will gain broader application scenarios and is expected to become a universal medium of value in the cryptocurrency world.

However, some individuals have raised concerns about the long-term stability of algorithmic stablecoins. They believe that, compared to traditional fiat-backed stablecoins, algorithmic stablecoins are more susceptible to market fluctuations and carry a certain risk of decoupling. Therefore, Labs needs to continue improving its algorithmic mechanisms to ensure the stability and reliability of USDX.

) 4. MYX completes $5 million strategic round financing

MYX is a company focused on decentralized finance ### DeFi ( derivatives, aiming to promote the development of the DeFi derivatives market through innovative product design and models.

According to reports, MYX recently completed a $5 million strategic round of financing. The funds will be used to support the design of its chain abstraction liquidity layer and the development and deployment of the MPM model.

MYX's core product is a chain-abstract liquidity layer designed to integrate liquidity from different blockchains, providing users with a unified trading experience. This design aims to address the issue of fragmented liquidity in the current DeFi ecosystem and improve capital utilization efficiency.

Another innovation is the MPM) multi-path market making ( model, which allows market makers to make markets on multiple exchanges and chains at the same time, resulting in higher yields and better risk management. This model is expected to attract more market makers to participate and provide more liquidity to the DeFi derivatives market.

Analysts believe that MYX's product design addresses the pain points of the DeFi derivatives market and is expected to drive the development of this field. With the participation of institutional investors and professional traders, the DeFi derivatives market is expected to gain more liquidity and higher efficiency.

However, some individuals have raised warnings about the regulatory risks of DeFi derivatives. Due to the lack of a clear regulatory framework in this area, there are certain risks of manipulation and systemic risk. Therefore, relevant regulatory agencies need to closely monitor the development in this area and establish appropriate rules to protect investors' interests.

5. Economic Dynamics

) 1. Trump's tariff policy shift triggers severe market volatility

Economic Background: The U.S. economy has maintained strong growth over the past year, with the labor market continuing to improve, but the inflation rate has remained above the Federal Reserve's target level of 2%. Against this backdrop, the Trump administration has implemented a series of tariff policies aimed at reducing the trade deficit and protecting domestic industries. However, these policies have also intensified inflationary pressures, raising widespread concerns in the market.

Important Events: On April 9, the Trump administration abruptly announced a 90-day suspension of new tariffs on most trade partners and lowered the general tariff level to 10%. This shift starkly contrasts with its previous hardline stance and alleviates market concerns about an escalation of the trade war.

Market Reaction: The shift in Trump's policy immediately triggered severe fluctuations in the financial markets. U.S. stocks rebounded sharply that day, with the Nasdaq index soaring over 9%. Meanwhile, Bitcoin and the cryptocurrency market also experienced significant increases. However, investors remain cautious about the sustainability of the policy, worried that trade disputes may escalate again.

Expert Opinion: John Canavan, chief analyst at Oxford Economics in New York, stated that Trump's abandonment of some of the worst tariff threats is a sustainable positive factor for risk assets. However, he also pointed out that this does not eliminate uncertainty.

Institutional analyst Chris Stadele believes that the tariff suspension is only a temporary respite, and this tariff war is far from over. Businesses will still face uncertainty in the coming months and need to approach risks with caution.

2. The Federal Reserve warns that uncertainty in the economic outlook is increasing.

Economic Background: The US economy is currently experiencing moderate growth, and the job market is in good condition. However, the inflation rate remains above the 2% target, putting pressure on the Federal Reserve's policymaking. At the same time, the tariff policy of the Trump administration has also increased uncertainty about the economic outlook.

Important Events: The Federal Reserve revealed in the minutes of its monetary policy meeting on March 18-19 that participants nearly unanimously believe the U.S. economy faces the dual risks of rising inflation and slowing growth. Some committee members pointed out that if inflation persists, the Fed may need to maintain high interest rates for a longer period; if the economy slows further, a rate cut may be necessary.

Market Reaction: After the release of the meeting minutes, US stocks fell sharply, as investors' uncertainty about the economic outlook intensified. The bond market showed a divergent trend, reflecting differing expectations about inflation. Overall, market expectations regarding the Federal Reserve's next move have become more ambiguous.

Expert Analysis: Goldman Sachs analysts stated that the Federal Reserve faces a "difficult trade-off" and needs to seek a balance between supporting economic growth and controlling inflation. Given the current uncertainty, the Federal Reserve may choose to remain on hold for the time being and closely monitor subsequent data.

Citigroup economists believe that pausing tariffs does not mean the United States has avoided economic slowdown and rising inflation. The U.S. economy still faces multiple downside risks that need to be taken very seriously.

3. Roubini is optimistic about the U.S. economic outlook and expects the Federal Reserve to hold off on interest rate hikes.

Economic Background: The U.S. economy has maintained a strong recovery momentum over the past year, with the job market continuing to improve, but inflationary pressures are also increasing. Against this backdrop, the tariff policies implemented by the Trump administration have raised widespread concerns, exacerbating the uncertainty surrounding the economic outlook.

Important Event: Renowned economist Roubini recently stated that he believes the United States will avoid a recession, and after the easing of tariff-related policy disputes, the Federal Reserve will maintain interest rates unchanged for the remainder of this year. He believes this is a "hard clash" between Trump and Federal Reserve Chairman Powell, but Powell will ultimately make concessions.

Market reaction: Roubini's optimistic remarks have eased market concerns about the economic outlook to some extent. U.S. stocks rose slightly, as investors cooled their expectations for interest rate hikes by the Federal Reserve this year. However, there remains a cautious sentiment in the market regarding the uncertainty of Trump's trade policies.

Expert Analysis: Roubini is known for accurately predicting the 2008 financial crisis. His judgment reflects that, despite the impact of tariff policies, the fundamentals of the U.S. economy remain relatively healthy.

However, some analysts have questioned Rubini's views. They believe that the negative impact of tariff policies may be underestimated, inflationary pressures have not been eliminated, and the Federal Reserve may ultimately find it difficult to maintain interest rates unchanged.

4. Experts warn that tariff policies bring dual risks of inflation and economic slowdown.

Economic Background: The U.S. economy has maintained strong growth over the past year, and the job market continues to improve. However, the inflation rate has remained above the Federal Reserve's 2% target, putting pressure on monetary policy. At the same time, a series of tariff policies implemented by the Trump administration have also exacerbated inflationary pressures and the uncertainty surrounding the economic outlook.

Important events: The minutes of the Federal Reserve's monetary policy meeting in March revealed that participants nearly unanimously believe that the U.S. economy faces the dual risks of rising inflation and slowing growth. Some committee members noted that if inflation persists, the Fed may need to maintain high interest rates for a longer period; if the economy slows further, it may need to cut rates.

Market Reaction: After the release of the meeting minutes, U.S. stocks fell sharply in the short term, as investors became more uncertain about the economic outlook. The bond market showed a divergent trend, reflecting differing expectations regarding inflation. Overall, the market's expectations for the Federal Reserve's next moves have become more unclear.

Expert Analysis: Goldman Sachs analysts have stated that the Federal Reserve faces a "difficult trade-off" and needs to seek a balance between supporting economic growth and controlling inflation. Given the current uncertainty, the Federal Reserve may temporarily hold steady and closely monitor subsequent data.

Citigroup economists believe that pausing tariffs does not mean that the U.S. has avoided economic slowdown and rising inflation. The U.S. economy still faces multiple downside risks that need to be taken seriously.

6. Regulation & Policy

1. The U.S. CFTC has clearly ceased to regulate the cryptocurrency industry through litigation.

Caroline D. Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), expressed support for the Justice Department's recent announcement to terminate its policy of regulating the digital asset industry through litigation. She instructed the CFTC not to file lawsuits in cases related to digital assets if the defendants lack clear subjective intent to violate the registration provisions of the Commodity Exchange Act.

Background: For a long time, U.S. regulators have relied on litigation as the primary means of regulating the cryptocurrency industry. However, this practice has been heavily criticized by the industry for hindering innovation and development. This policy adjustment aims to create a more friendly regulatory environment for the cryptocurrency industry.

Policy Content: The Department of Justice guides the CFTC not to abuse registration provisions in enforcement unless the defendant has a clear subjective intention to violate the law. At the same time, Pham adjusted the functions of the enforcement department to promote the rapid resolution of compliance cases that do not involve customer harm or market abuse.

Market reaction: Industry insiders generally welcomed this. They believe that ending "law enforcement instead of regulation" is beneficial for alleviating compliance pressure on innovators and injecting new vitality into industry development. However, there are also opinions that this policy adjustment alone is not enough to fully address the issue of regulatory gaps.

Expert Opinion: Caitlin Long stated that this move marks the U.S. government's gradual establishment of a clearer and more friendly regulatory framework for crypto assets. She emphasized that future efforts need to push for legislation at the congressional level to create comprehensive regulatory rules for the crypto asset industry.

2. The five largest banks in South Korea call for the easing of rules for collaboration with cryptocurrency exchanges.

Five major commercial banks in South Korea, along with several regional banks, met with ruling party lawmakers this week to call for a relaxation of the restrictions on the number of banks that can cooperate with cryptocurrency exchanges. Current regulations require each exchange to partner with only one bank to comply with anti-money laundering regulations.

Background: In 2021, the South Korean government enacted the Act on Reporting and Use of Specific Financial Transaction Information to prevent money laundering and tax evasion risks in the cryptocurrency market. This law stipulates that cryptocurrency exchanges must establish partnerships with banks to ensure the authenticity of user identities. However, due to the limited number of banks, exchanges find it difficult to meet compliance requirements.

Policy content: The president of Woori Bank, Jeong Jin-wan, suggested allowing "one exchange to connect with multiple banks." He pointed out that the current model limits user choice and affects system stability. Other banks have also called for loosening restrictions to promote healthy industry development.

Market Reaction: The cryptocurrency exchanges welcomed this. Major exchanges like Up and Bithumb have long faced the risk of their bank accounts being closed. Easing restrictions will help improve the operating environment. However, there are also views that excessive relaxation may exacerbate money laundering risks.

Expert Opinion: Park Sang-hoon, director of the Financial Security Research Institute, believes that a balance should be sought between risk prevention and promoting development. He suggests considering a tiered management approach, granting greater freedom to exchanges with higher compliance levels.

3. Australia launches new crypto regulatory framework to increase transparency

Australia is addressing the issue of "de-banking" by launching a new cryptocurrency regulatory framework to increase transparency and reduce instances of banks cutting off services to cryptocurrency platforms.

Background: In recent years, Australian banks have been closing the accounts of cryptocurrency exchanges and related businesses for compliance reasons. This "de-banking" phenomenon has sparked strong dissatisfaction within the industry.

Policy content: The new framework will require cryptocurrency asset service providers to undergo audits and disclose customer information. At the same time, it will strengthen anti-money laundering and counter-terrorism financing regulations. The government will also work with the banking sector to establish unified risk assessment standards.

Market reaction: Cryptocurrency businesses welcome the new framework. They expect the new regulations to enhance industry transparency and rebuild confidence in banks. However, some are concerned that excessive regulation may stifle innovation.

Expert Opinion: Alan Tsen, Chairman of the Australian FinTech Association, stated that the new framework is a step in the right direction. He emphasized that regulation should keep pace with the times, balancing risk prevention with space for innovation.

4. OpenSea sent a letter to the SEC requesting clarification on the regulatory positioning of the NFT market.

The NFT market OpenSea sent a letter to the U.S. Securities and Exchange Commission ### SEC ( on April 9, requesting that the regulatory agency clarify that NFT market platforms should not be considered as securities exchanges or brokers.

Background: Recently, the SEC has intensified its regulatory scrutiny of the NFT market, raising concerns within the industry. OpenSea's move aims to eliminate the ambiguity of regulatory positioning and create a clearer regulatory environment for the NFT market.

Policy Content: The OpenSea legal team emphasized in the letter that the platform is more like a "digital marketplace" that allows people to discover NFTs and connect with buyers and sellers, rather than executing trades or acting as an intermediary. Therefore, it should not be classified as a securities exchange or broker.

Market reaction: Industry insiders welcome this. They believe that clarifying regulatory positioning will help the healthy development of the NFT market. However, there are also views that even if not regarded as a securities exchange, the NFT market still needs to undergo necessary regulation.

Expert Opinion: Cryptocurrency legal expert Lewis Cohen stated that OpenSea's appeal has a certain degree of reasonableness. He pointed out that NFTs are essentially digital collectibles, which are significantly different from securities. However, he also emphasized that regulatory agencies need to maintain an open attitude towards emerging fields.