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SK Group and NVIDIA have deepened their strategic partnership, covering AI factories and next-generation storage technologies.On July 25, European Central Bank Chief Economist Lane commented on the new US tariffs imposed on some trading partners, saying that the European economy relies mainly on domestic demand, and while trade between the US and Europe is important, it is "not the dominant issue." Lane stated that "the US is not the dominant force in international trade," and that Europe trades with the entire world, not just the US.July 25 - Japans ruling Liberal Democratic Party (LDP) has been embroiled in another money scandal. The partys branch in Fukuoka Prefecture is accused of demanding large sums of money from members aspiring to become the prefectural assembly speaker and deputy speaker. One former speaker revealed that he was asked to pay 20 million yen (approximately 830,000 yuan).July 25th - According to data from Maoyan Professional Edition, the movie "Kung Fu Womens Soccer" has grossed over 1.8 billion yuan in 15 days since its release.On July 25, Kim Yong-beom, Chief of Staff for Policy at the South Korean Presidential Office, stated that South Korean conglomerates have reached agreements with global technology giants, including Nvidia (NVDA.O), to undertake a series of collaborative projects worth a total of $950 billion. Kim explained that these projects include a long-term agreement under which SK Group will supply high-performance semiconductors worth $750 billion to global technology companies, including Nvidia.

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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