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September 1st - According to media reports, Huawei, Xiaomi, Honor, and other mobile phone brands have recently seen a collective price increase, affecting multiple models. Huawei customer service responded that the price increase was due to adjustments in the market prices of key materials, leading to increased product costs and corresponding price adjustments. Xiaomi customer service stated that the price increase was due to the continued rise in the procurement costs of core components, resulting in appropriate adjustments to the retail prices of related products. Honor customer service replied that product prices and promotions are adjusted according to market demand, and therefore, after comprehensive evaluation, appropriate adjustments were made to the prices of related products.A senior official from Japans Ministry of Finance stated that Japans fiscal policy and the recent coordinated foreign exchange intervention were among the main topics of discussion during the meeting between Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter.A senior official from Japans Ministry of Finance stated that Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Bessenter discussed issues such as foreign exchange intervention during a bilateral meeting.On September 1st, it was reported that on August 31st, the leaders of the opposition parties, the "Chudo Reform Alliance," the Constitutional Democratic Party, and the Komeito Party, held a meeting in the Diet and formally decided to abandon the idea of a three-party merger at this stage. The "Chudo Reform Alliance," a new party formed by the Constitutional Democratic Party and the Komeito Party to counter the conservative Takashi City government, was announced on January 22nd. However, in the subsequent House of Representatives election, it won only 49 seats, far below expectations. Subsequently, members of the Constitutional Democratic Party and Komeito Party in the House of Councillors, as well as local organizations, who had originally planned to join the alliance, expressed increasing caution regarding further mergers, and the three-party merger ultimately failed. Japanese scholars believe that although the merger did not materialize, this is only one stage in the long-term restructuring process of Japans opposition parties, and they may continue to cooperate and seek restructuring in other forms in the future.A senior official from Japans Ministry of Finance said that the Bank of Japan is expected to formulate monetary policy based on the economic situation, rather than being influenced by the United States.

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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