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The UKs June Nationwide House Price Index will be released in ten minutes.July 1st - According to statistics from the Hengqin Border Inspection Station of the Zhuhai Border Inspection General Station, in the first half of 2026, the total number of passengers entering and leaving the country through the Hengqin Port exceeded 17.77 million, a year-on-year increase of 27.8%; the number of vehicles entering and leaving the country reached 2.21 million, a year-on-year increase of 40.6%. Among them, 1.46 million vehicles had Macao license plates, accounting for 66.2% of the total number of vehicles. The ports passenger and vehicle traffic increased simultaneously, and the vitality of two-way exchanges between Hengqin and Macao continued to be released.On July 1st, Jun Mimura, Japans top foreign exchange official, stated that Japans intervention in the foreign exchange market two months prior to support the yen was successful and received support from some U.S. officials. He said, "Judging from the subsequent market performance, I believe that intervention was clearly meaningful. To my knowledge, the U.S. never commented against our actions; on the contrary, they actually made some more supportive statements." Mimuras remarks came as the yen fell to a 40-year low against the dollar, posing a greater risk of inflation for Japan. Japan is a major energy importer, and food imports account for more than half of its economy. He emphasized frequent communication with Washington, stating, "Through phone calls and emails, I contact them much more frequently than people imagine."Japans household consumer confidence index for June was 33.8, below the expected 34.1 and the previous reading of 33.6.Japans top foreign exchange official: To the best of my knowledge, the United States has never made any comments opposing our actions; on the contrary, the U.S. has actually made some more supportive statements.

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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