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The Peoples Bank of China announced today that it conducted 386 billion yuan of 7-day reverse repurchase operations, with a bid volume of 386 billion yuan and a winning bid volume of 386 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.August 25th – The third China-US Track 1.5 Dialogue was held in Beijing today. Representatives from relevant Chinese ministries, local governments, think tanks, and the Asia Society, among others, will engage in in-depth discussions on topics such as enhancing political mutual trust, expanding economic and trade cooperation, and exploring cooperation in artificial intelligence and science and technology. Established in 2023, the China-US Track 1.5 Dialogue, situated between official diplomatic dialogue (Track 1) and purely non-governmental (Track 2) dialogue, serves as an important communication platform for political parties, strategic circles, business communities, academia, and the general public in both countries. It has previously put forward numerous concrete suggestions for strengthening exchanges and cooperation between the two countries in the political, economic, trade, scientific, technological, and cultural fields.According to JLC Network Technologys calculations, as of the seventh working day on August 25th, the average price of benchmark crude oil was $88.87 per barrel, with a change rate of 7.54%. Domestic gasoline and diesel retail prices should be increased by 410 yuan per ton. The adjustment is based on: 1. the domestic crude oil import structure and settlement benchmark varieties; 2. minor adjustments may be made during the pricing mechanisms operation based on import structure, etc., and JLC Network Technology will revise accordingly; 3. At 24:00 on August 14th, domestic gasoline and diesel retail prices were reduced by 230 and 220 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round is 24:00 on August 28th.Lei Jun posted on Weibo that the Xuanjie O100, based on Xuanjies innovative high-bandwidth matrix bus, achieves edge AI performance far exceeding that of traditional flagship SoCs. It will be applied to a full range of product categories, including mobile phones, automobiles, and robots.Futures News, August 25th: Crude oil prices rose and then corrected, slightly cooling the bullish sentiment in the fuel oil market. Refineries faced increased resistance to pushing prices higher, but tight supply of some products supported refineries in maintaining prices. It is expected that today, most fuel oil products will remain stable with shipments, while some major contracts may see significant price increases.

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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