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July 9th - On the afternoon of July 7th, 2026, Liao Min, Vice Minister of Finance, met with a delegation from the American Chamber of Commerce in China in Beijing to exchange views on issues such as China-US economic and trade relations and concerns of American companies operating in China.On July 9th, Sinopharm Holdings (01099.HK) and Merck (MRK.N) held in-depth discussions in Shanghai regarding the import and launch of the innovative drug Xinruilai® and subsequent cooperation. Building on years of successful collaboration, the two parties reached a new round of strategic synergy focusing on the accessibility and commercialization efficiency of drugs for rare diseases.On July 9th, Zijin Mining International (02259.HK) announced that it expects to achieve a profit attributable to owners of the parent company of approximately US$1.4 billion for the six months ended June 30, 2026, an increase of approximately US$880 million compared to approximately US$520 million in the same period last year, representing a year-on-year increase of approximately 169%. During the reporting period, the sales price of mined gold increased year-on-year, and the two producing gold mine projects, the Akim Gold Mine in Ghana and the Rigodo Gold Mine in Kazakhstan, which were completed in April and October 2025 respectively, achieved profitability during the reporting period, which had a positive impact on the Groups performance.On July 9th, BP CEO Meg ONeill, on her 100th day at the helm of the British energy giant, stated that BPs goal is to achieve safe, reliable, and cost-effective operations every day. "Safety is always our top priority." The company was found to have committed serious negligence in the 2010 Deepwater Horizon oil spill, and a fire at one of its Ohio refineries in 2022 killed two workers. She added that BP aims to deliver consistently strong results every quarter. "I want us to be the most predictable company in the industry." Her other two priorities are clearer accountability and strict cost and capital discipline.On July 9th, Iranian sources reported that the Iranian Foreign Ministry summoned the British ambassador to Iran to protest against the British governments inappropriate actions, citing repeated false and baseless accusations against Iran by British officials. It is understood that Ali Reza, Assistant Foreign Minister and Director of the Western European Department, delivered a written protest to the British ambassador, opposing the baseless and false accusations made by British officials, including claims that "Iran attempted to carry out security-threatening actions in Britain." He stated that such accusations were merely a diversionary tactic by the British side to evade responsibility and cover up its own destructive behavior and violations of international law.

DEX dYdX Blocks Tornado Cash Affiliated Accounts Citing US Sanctions

Jimmy Khan

Aug 12, 2022 14:47

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This week, the Office of Foreign Asset Control (OFAC) and the US Treasury imposed an outright ban on Ethereum, putting the decentralized non-custodial privacy solution therein in serious jeopardy.


The government not only forbade its residents from utilizing the services, but it also established similar guidelines for cryptocurrency firms, telling them not to collaborate with the platform. Since that time, dYdX has been the first decentralized exchange to take action in its direction.

After a tornado, dYdX

The DEX gave its clients an explanation of the cause of the Tornado Outage on the platform in a blog post published yesterday.


As the $625 million Axie Infinity Ronin Bridge assault, where Tornado was utilized as a way to transport the stolen cash around, is one of the most well-known hacks in the history of cryptocurrency, the OFAC banned Tornado Cash.


Beyond this, however, Tornado's privacy regulations made it a go-to for thieves. Thus, the OFAC declared it obligatory to avoid Tornado Crash in order to eliminate the likelihood that the same would be sponsored from inside the nation.


As a result, a sizable number of customers saw that dYdX had disabled their accounts because of their connection to Tornado Cash, according to what the DEX had to say.


"This sudden influx of flags affected many account holders who have never directly interacted with Tornado Cash, and frequently such users do not realize the origin of the funds transferred to them during various transactions prior to interfacing with our platform, but we must nonetheless maintain certain restrictions," said Tornado Cash.

A terrifying storm with a tornado

Things started to fall apart as the crypto facilitator platform dealt with OFAC prohibitions, and in only three days, the network's native token, TORN, reached new lows.


Trading for TORN was spotted at $16.3, down from $30 less than a week ago, a drop of more than 45%.


Investor losses as a result of this abrupt blacklisting are unprecedented since the platform has been permanently blacklisted, making it unable to recoup from the price collapse of 45%.


And now that both DeFi and non-DeFi crypto exchanges are acting in this way, things are only going to grow worse for TORN moving ahead.

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