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Mamdani boasts of savings in $124.7B NYC budget plan — that’ll nickel-and-dime New Yorkers with hidden fee hikes
"Chicom Among Us": Maryland GOP Lawmakers Sound Alarm Over Chinese-Born Delegate's AI Disclosure Bill
Rooting out Chinese communist spies appears to be moving higher on the agenda at the U.S. Justice Department, with Acting Attorney General Todd Blanche now at the helm.
On Monday, the DoJ indicted Arcadia, California, Mayor Eileen Wang for working with the Chinese government. The larger concern is that Chinese communists have penetrated deeply into many levels of the U.S. government, as well as corporate America.
Spies are like cockroaches: if there's one, there are likely many more.
You are not gonna believe what I just found
The California Mayor who admitted to being a Chinese spy donated to the Democrat Senate Campaign Committee
Democrat Senators are being funded by Chinese spies
If it was the other way around, it would be front page news for weeks pic.twitter.com/wlHyLYzdub
That brings us to a recent podcast appearance by Mark Fisher and Brian Chisholm, Republican members of the Maryland House of Delegates, who raised alarm bells about one of their Democratic colleagues in Annapolis: Delegate Chao Wu, who was born in China and has pushed a state-level bill that would require AI companies to disclose sensitive trade data on their models.
"Welcome back to the Dumbest Bill in America. We have, of course, with us Delegate Brian Chisholm," Fisher said.
Fisher continued, "Because we believe that we have a communist Chicom among us. Well, and let me tell you why..."
He said, "First of all, the bill is House Bill 823 from 2025. It was introduced by Delegate Wu — spelled W-U. And the bill basically says that if you're going to engage in AI training — artificial intelligence training — you have to disclose your training models and your training data every time you change it. Well, that would of course be a trade secret, wouldn't it?"
Chisholm chimed in, saying, "So what their goal also in China… Look, China knows they can't take us down with tanks and bullets and all that. They have to kind of backdoor it. So they send in spies — people like Chao Wu — and try to gain intelligence, correct?"
He continued, "That's the goal. The fight right now is who can get the intelligence faster. Why they sent us… it says something about Maryland. Maybe we're like the JV team that they sent Chao Wu to, because he's not the greatest of spies. I mean, his trail… and I'm sure you're going to bring up the article. We know he was working for the CCP when he was in college. You can't just reject it at one time…"
Chicom of the Year Award — HB 823 from 2025 requires the disclosure of AI training data. What is the purpose of this bill? Join @chisholmstrong & me for the Dumbest Bill in America! pic.twitter.com/RkWT4c7JGK
— Mark Fisher (@fisher4maryland) April 30, 2026The article Chisholm was referring to...
Of course, Maryland Democrats call anything optically displeasing "racist" ...
Meanwhile, Dems in the state are "busy sending private letters policing podcasts and using CCP-style speech tactics."
Maryland families are still reeling from the $1.5+ billion in new taxes & fees rammed through by @mddems.
Instead of fixing our broken budget, skyrocketing costs, or crime — the Speaker is busy sending private letters policing podcasts and using CCP-style speech tactics against… pic.twitter.com/2RMaquCqhu
To sum up, HB 823 could compel AI developers in the state to publicly disclose commercially sensitive details about their training model pipelines, creating an opportunity for foreign competitors, such as China, to collect open-source data.
Now, why would a Chinese-born Maryland lawmaker, right down the street from Data Center Alley, want to push such a bill?
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Four Signs That Bitcoin Has Recovered To 'Full' Bullish Momentum
Authored by Nancy Lubale via CoinTelegraph.com,
Market analysts said Bitcoin’s (BTC) upside remained intact despite the 2.5% correction from its multi-month high of $82,800 reached on May 6.
Key takeaways:
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Bitcoin has successfully re-entered expansion territory as the Bull Market Support Band turned to support.
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Bitcoin’s Stablecoin Supply Ratio has recovered from historic lows, indicating fresh liquidity is returning.
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Bitcoin’s spot taker CVD flips positive, suggesting real spot demand is back
Private wealth manager Swissblock stated that Bitcoin is “still at full momentum,” despite the slight correction from recent highs.
Swissblock said that the latest rally saw the Bitcoin price momentum “successfully reignited and pushed back into full expansion territory.”
Bitcoin is now consolidating inside the cost-basis battlefield, with the true market mean and the short-term holder cost basis around $80,000 acting as support and the active realized price at $85,000 as resistance.
Meanwhile, “momentum remains structurally strong,” the wealth manager said, adding:
“As long as momentum stays above the transition area, bulls retain control.”Bitcoin price momentum. Swissblock
Echoing this observation, analyst The Great Mattsby pointed out that Bitcoin’s Bull Market Support Band has now turned into support, while the 21-week exponential moving average has crossed back above the 20-week simple moving average.
“The trend has officially flipped back to bullish.”BTC/USD weekly chart. Source: X/The Great Mattsby
Bitcoin liquidity signals “strong recovery”The Stablecoin Supply Ratio (SSR) has recovered from its lower historical range below 10, the same zone that marked market bottoms in mid-2021, 2022 and mid-2023.
Each time the SSR recovered from these lows, Bitcoin broke out of range and staged a strong rebound, as shown in the chart below.
Bitcoin Stablecoin Supply Ratio: Source: CryptoQuant
The recovering SSR suggests that stablecoin liquidity is returning to exchanges again, potentially setting the stage for another bull run for BTC price.
The Binance Stablecoin Supply Ratio Oscillator tells the same story. The chart below shows that Bitcoin’s 90D Stablecoin Supply Ratio Oscillator has moved back into positive territory, reaching 12-month highs at 2.8.
“This reflects a strong recovery from the negative zone, with stablecoin purchasing demand becoming more active during the current rebound,” CryptoQuant analyst Zizcrypto said in a Tuesday QuickTake note, adding:
“For context, the oscillator previously reached 2.43 in May 2025 and 4.00 in November 2024 — both during stronger market phases.”Stablecoin supply ratio oscillator. Source: CryptoQuant
Bitcoin’s transaction activity is at 20-month highsThe strength in BTC price is reflected in Bitcoin's network activity, with daily transaction count rising by 116% in May to 831,450 on May 9.
This metric was last at similar levels in September 2024, before Bitcoin later rallied above $100,000 during the broader market surge following the US presidential election.
Bitcoin’s network activity is “more active than when it was at $100K,” analyst CW8900 said in an X post on Saturday, adding:
“The network is already showing signals of a bull market.”Bitcoin daily transaction count. Source: CryptoQuant
Bitcoin’s daily active address count has also climbed, increasing by 7.1% over the last week to 707,719, while total fee volume surged 37% to $279,300 over the same period, according to Glassnode’s latest Market Pulse report.
“Such a significant increase suggests heightened onchain activity, potentially signaling bullish market conditions.”Bitcoin daily active address count. Source: Glassnode
Increasing transaction count, daily active addresses and fees means more users are interacting with the network. It suggests high network activity, often correlating with increased interest and market confidence.
Bitcoin's “real demand” is backBitcoin’s 90-day spot taker cumulative volume delta (CVD), a measure of the difference between buy and sell volume over three months, shows a “significant shift in capital flow structure,” according to CryptoQuant analyst Rei Researcher.
The metric flipped positive (green bars in the chart below) in early May as the price broke above the $78,000 resistance and has remained positive since.
“Taker Buy Dominance in the spot market indicates buying pressure from ‘major players’ (Whales/Institutions) looking to hold $BTC rather than just speculating via derivatives,” the Rei Researcher said in a recent Quicktake note, adding:
“Real demand has prevailed. When bulls are willing to pay higher prices to own $BTC, a sustainable uptrend usually follows.”Bitcoin spot taker CVD. Source: CryptoQuant
If the CVD remains green, it could set the stage for another rally as seen in the past. A similar occurrence in May 2025 accompanied 65% BTC price gains.
Meanwhile, Bitcoin’s spot demand is also accelerating, with spot CVD rising 47% to $62 million from $42 million a week ago, additional data from Glassnode shows.
“This increase indicates a significant uptick in buying aggression among market participants,” the onchain data provider said, adding:
“This behavior implies heightened conviction, with aggressive traders actively setting higher market prices, potentially signaling continued bullish momentum.”Bitcoin: Spot CVD. Source: Glassnode
As Cointelegraph reported, Bitcoin’s market value to realized value (MVRV) ratio suggests BTC's market structure is strengthening, which may be an early sign of a new bull market.
Tyler Durden Tue, 05/12/2026 - 20:05