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August 28th - Due to the US relocating Patriot air defense interceptors from Europe to the Middle East to counter Iranian drone and missile attacks, US and NATO forces in Europe are facing a shortage of Patriot interceptors. On the 27th, US defense officials stated that US forces in Europe "absolutely" do not have enough Patriot interceptors to defend against a potential sustained ballistic missile attack, and their ability to defend against a single ballistic missile attack is also "very limited." NATO officials also revealed that both US and NATO forces in Europe are facing a shortage of Patriot interceptors.On August 28th, a senior EU official stated on the 27th that European intelligence agencies had detected no signs of Russia planning an attack on NATO member states in Europe. This came after reports from the US that CIA Director Ratcliffe had warned Russia against attacking NATO members. Both Russia and US President Trump denied these reports on the 27th. According to an anonymous EU official, "Overall, European intelligence agencies see no risk of a Russian attack on European countries, and this assessment remains unchanged." The official further clarified that this assessment also applies to NATO member states in Europe, and no Russian attack preparations have been detected.On August 28th, at the 2026 China International Big Data Industry Expo, the National Supercomputing Internet officially joined the National Integrated Computing Power Network Monitoring and Scheduling Experimental Verification Platform at the invitation of the Department of Digital Technology and Infrastructure Construction of the National Data Administration. Relying on the integrated development model of "computing, data, analog, and application," the Supercomputing Internet is undertaking tasks such as "construction of the computing power scheduling platform, operation and monitoring integration, service operation system and ecosystem construction, and technical standard formulation" in the pilot work of computing power monitoring and scheduling.On August 28th, UBTECH Robotics Corp. (09880.HK) announced that its revenue for the first half of 2026 was RMB 1.269 billion, a year-on-year increase of 104.2%; the company incurred a loss of RMB 339 million during the period, compared to a loss of RMB 440 million in the same period of 2025; the adjusted net loss for the period was RMB 339 million, compared to a loss of RMB 368 million in the same period of 2025. Revenue from full-size embodied intelligent humanoid robot products and solutions reached RMB 590 million, a year-on-year increase of 1445.0%.August 28 – The 24th session of the Standing Committee of the 14th National Peoples Congress concluded at the Great Hall of the People in Beijing on the afternoon of August 28. The session adopted the Medical Security Law, the Farmland Protection and Quality Improvement Law, the newly revised Agricultural Law, the newly revised National Defense Mobilization Law, and a decision to amend the Lawyers Law; it also decided to remove Lu Zhiyuan from the post of Minister of Civil Affairs and appoint Li Changguan as Minister of Civil Affairs. President Xi Jinping signed Presidential Decrees No. 80, 81, 82, 83, 84, and 85 respectively. Chairman Zhao Leji presided over the closing session. The session also decided to remove Zhang Youxia from the post of Vice Chairman of the Central Military Commission of the Peoples Republic of China and Liu Zhenli from the post of Member of the Central Military Commission of the Peoples Republic of China.

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.