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Today · 2026-08-03 · Mon

USSEC SUED $22 MILLION FOR A SECRET MINING SCAM INVOLVING OVER 380 INVESTORS

On 21 July, the United States Securities and Exchange Commission (SEC) announced a lawsuit against Zan Shaikh, a resident of Florida, and his company Mining Automatic, alleging that they had collected approximately $22 million from more than 380 investors through a falsely encrypted mining investment plan and suspected of misappropriation of investors ' funds. The SEC noted that between June 2023 and May 2025, the defendant promised that investors could secure monthly revenues through the encryption of mines, but that only about 13 per cent of the collection funds were actually spent on so-called mining operations, with the remainder being used mainly for marketing, attracting new investors and paying for personal and other unrelated business expenses. SEC claims that the defendant raised funds at least $20 million more than the amount returned to investors. The SEC has charged him with alleged violations of anti-fraud and securities issuance provisions of the Securities Act 1933 and the Securities Exchange Act 1934. The parties have agreed to accept the permanent injunction upon approval by the court, and the subsequent return of the illegal proceeds, interest and the amount of the civil fine will be determined by the court。

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The United States announced a 50 per cent tariff on some Canadian products

On 21 July, the White House announced on 20 July Local Time that the United States would impose an additional 50 per cent ad valorem tariff on some Canadian products in response to “the discriminatory measures taken by Canada against the United States in relation to the trade in automobiles and their parts”. It is alleged that the new tariffs will take effect from 00:01 A.M. United States Eastern Time on 19 August and will be applied superimposed on existing related duties, taxes and other charges。

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U.S. officials: Almost 100 U.S. troops have been injured in the Iranian attack this month

On 20 October, local time, it was informed that United States officials had indicated that nearly 100 United States military personnel had been injured as a result of numerous Iranian air strikes this month against United States military bases in the Middle East. Sean Paner, the chief spokesman for the United States Department of Defense, confirmed that, since 7 July, nearly 100 United States military personnel had been found to have suffered varying degrees of harm, 96 per cent of whom had returned to their posts. According to Paner, the vast majority of the injuries were minor concussions and the persons concerned were “actively returning to combat duty”。

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Trump imposed new tariffs on Canadian wine, dairy products and automobiles

NEW TARIFFS OF UP TO 50 PER CENT IMPOSED BY THE TRUMP GOVERNMENT ON CANADIAN WINES, DAIRY PRODUCTS AND AUTOMOBILES HAVE CREATED NEW TENSIONS IN THE US-CHINA TRADE RELATIONSHIP. THE IMPLEMENTATION OF THIS ROUND OF TARIFFS IS TAKING PLACE AT A SENSITIVE MOMENT IN THE REVIEW OF THE UNITED STATES-GAMAL AGREEMENT (USMCA), WHICH COULD REKINDLE A TRADE DISPUTE THAT HAD PREVIOUSLY BEEN PARTIALLY MITIGATED. THIS INITIATIVE IS AIMED AT INDUSTRIES THAT ARE POLITICALLY SENSITIVE IN BOTH COUNTRIES AND COULD TRIGGER A RAPID RESPONSE FROM CANADA. ANALYSTS EXPECT THAT CURRENCY AND CROSS-BORDER EQUITY INVESTORS WILL PAY CLOSE ATTENTION TO THE IMPACT OF THE INCIDENT ON THE CANADIAN DOLLAR AND THE CAR SUPPLY CHAIN. TRUMP HAD PREVIOUSLY THREATENED CANADA WITH INADEQUATE SUPPORT DURING THE WILDFIRE. THE WHITE HOUSE STATED THAT THE NEW TARIFFS WERE A RESPONSE TO CANADA ' S DISCRIMINATORY TRADE PRACTICES AGAINST UNITED STATES COMMERCE IN VARIOUS FIELDS。

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KRX TENDER STUDY ON MARKET IMPACT OF HF TRANSACTIONS AND REGULATORY PROGRAMME

KRX ISSUED AN ANNOUNCEMENT ON 20 DECEMBER THAT IT WAS CONDUCTING A BIDDING EXERCISE ON THE MARKET IMPLICATIONS OF HIGH-FREQUENCY (HFT) TRANSACTIONS AND THE REGULATORY PROGRAMME. THE DEADLINE FOR THE SUBMISSION OF BIDS WAS 27 DAYS AND THE STUDY WAS SCHEDULED TO BE COMPLETED IN THE SECOND HALF OF THE YEAR. KRX INDICATED THAT THE STUDY WOULD INFORM THE REGULATORY FRAMEWORK AND THAT EXISTING RISK CONTROL MEASURES INCLUDED A HIGH-SPEED ALGORITHM DEALER REGISTRATION SYSTEM AND A MASS ORDER CANCELLATION SMELTING MECHANISM IMPLEMENTED IN 2023。

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The U.S. stock has fallen slightly, and the encryption currency concept has increased

On 21 July, the United States share fell slightly by 0.05 per cent, the Standard 500 index by 0.19 per cent and the Road by 0.59 per cent. Light communications, storage plates mostly increased, Lumentum, Credo increased by 4 per cent, Maywell technology by 3 per cent, Coherent, Moody, Western data by 2 per cent, Higher, Light Technology by 1 per cent and SK Hercules by 1 per cent. The concept of encrypted currency increased significantly, with Bit Digital increasing by 10 per cent, Galaxy Digital increasing by 9 per cent and Circle and Bakkt increasing by 8 per cent. The Warner Brothers' exploration fell by 3.76 per cent, a new low since April 2025. According to the news, the American judge asked Paramount to stop buying the Warner brothers. IREN Ltd. (IREN), which registered an increase of over 19 per cent, the largest single-day increase since November 2024, increased its 2026 ARR target to over $4 billion and entered into a new $2.8 billion customer contract。

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DoubleLine: The increase in the rate of return on United States debt will help the Fed to maintain interest rates unchanged

On 21 July, DoubleLine was adding a shorter-term government bond on the grounds that the credibility of Federal Reserve Chairman Kevin Walsh among investors would help the central bank keep interest rates unchanged this year. Bill Campbell, the company ' s global sovereign debt and emerging market portfolio manager, stated that the high rate of return on US Treasury debt was pushing up borrowing costs, and that if the data continued to show a slowdown in inflation, it might encourage the Fed to maintain interest rates。

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