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On August 11th, Manus released a letter to its users. Manus stated that it will soon resume operations as an independent company. As part of this resumption, and to comply with regulatory requirements in certain jurisdictions, data generated by some users on or after December 29, 2025, will be deleted from 08:00 on August 23, 2026, to August 24, 2026 (SGT). Affected users can back up their data from now until 07:59 on August 23, 2026 (SGT) and can restore their data from 08:00 on August 25, 2026 (SGT). During this period, unaffected users can continue using Manus as usual without taking any action.Texas Governor: Oracle pledges to comply with data center standards.On August 11, US President Trump stated, "Irans inflation is currently at 300%, and its currency is worthless. The Iranians are not paying their soldiers salaries, and we have complete control over Irans finances. The United States can use powerful force to strike Iran, and we have no shortage of missiles or munitions."Market news: US President Trump said that Irans inflation rate is as high as 300%, and its currency is worthless.August 11th - U.S. existing home sales fell to a three-month low in July, with high home prices and mortgage rates continuing to weigh on the housing market. Data released Tuesday by the National Association of Realtors (NAR) showed that contracted sales fell 1.7% month-over-month in July to an annualized rate of 4.06 million units, in line with the median forecast in a survey of economists. The weak sales figures indicate that the housing market remains sluggish, with persistently high listing prices and rising borrowing costs deterring many potential buyers. The existing home market has been hovering around an annualized rate of 4 million units since the end of 2022, awaiting a catalyst for a sustained rebound. NAR Chief Economist Lawrence Yun stated in a press release, "Home sales have been very stable, and even with the recent rise in mortgage rates, if the average mortgage rate could return to near 6%, theres no doubt the housing market would thrive."

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

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