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Today · 2026-08-18 · Tue

Joint statement of the United Kingdom and the United States of America on stabilization currency to promote convergence of regulatory frameworks

U.U. stated that the United Kingdom and the United States Government, through the Transatlantic Futures Working Group, had issued a joint statement on the stabilization currency, stating that they would promote convergence of regulatory frameworks between the two countries in appropriate areas and support the use of stable currency for cross-border payments, settlements and capital markets. The parties are of the view that the stable currency used as a currency should be fully supported by high-quality liquid assets at a minimum rate of 1:1 and that the reserve assets should be segregated from the issuer ' s own funds and guaranteed to be redeemed in a timely manner. If the issuer enters insolvency, reorganization or disposal proceedings, the holder shall have clear, protected and priority over the legal claim of other creditors in respect of the reserve assets。

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After DeepSeek's latest round of financing, Liang Wen went beyond Anthropic Dario and OpenAI Brockmann

On 14 July, following the completion of the latest round of financing by DeepSeek, it was reported by external sources that Leung Wenzor, the founder, had more than doubled his personal wealth, making it one of the highest founders of the Global AI Large Model. According to the Bloomberg billionaire index, Liang Wenbo is now home to $36 billion (previously around $16.7 billion), surpassing the co-founders of Anthropic, Dario Amodei, and OpenAI, Greg Brockmann. This comparison covers only the main business and most of the income derived directly from the AI mega-models, excluding large, diversified technology groups such as Ali Baba, Tent and others such as data centres, semiconductors and other AI-related industrial chain-related enterprises. The vast majority of Liang's wealth comes from the holding of DeepSeek. In June of this year, DeepSeek was known to have completed $50 billion in financing, with the company valuing over $33 billion and Liang Wenbong personally contributing $20 billion. According to the Bloomberg billionaire index, its shareholding ratio has been diluted to about 78 per cent. Kim Xian

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Trump: blockade of Iranian maritime transport only and replacement of 20 per cent US compensation with Gulf investment

On 14 July, the President of the United States, Trump, wrote that oil was unprecedented in its liquidity. The Strait of Hormuz is open to all ships except Iran — which is excluded because its leadership is full of lies, violence and malice, leading the country to the abyss of total destruction. We will impose a full-scale blockade, but only on vessels that travel to or from Iranian ports or carry goods related to Iranian cargo. I have decided to remove the requirement of “United States 20 per cent compensation” and replace it with a trade and investment agreement between the Gulf States and the United States. The magnitude of these investments will be enormous. The days of hundreds of thousands of deaths in Iran are over and, more importantly, Iran will never possess nuclear weapons

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Walsh: Two aspects of the Federal Reserve's dual mission are not in conflict

On 14 July, Federal Reserve Chairman Walsh presented his views on the economy. Walsh stated that while the economy was sound and the financial markets seemed to be working well, the real estate market was mixed, partly because inflation had been consistently above the Federal Reserve ' s target level. He said that the Fed could alleviate the problem by maintaining price stability. When it comes to areas such as artificial intelligence, Walsh says, “We are not afraid of growth driven by increased productivity.” Walsh says, “The labour market has shown remarkable resilience.” He stated that the Fed would focus on the twin goals of price stability and full employment, which were not conflicting, and that the better the Fed did in terms of inflation, the more employers would be willing to recruit. “We have work to do on inflation”, he said。

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Walsh reaffirmed his commitment to the 2 per cent inflation target, emphasizing the independence of monetary policy

On Tuesday, 14 July, at a hearing, Federal Reserve Chairman Walsh insisted on his commitment not to provide forward-looking guidance on interest rates, and the entire testimony almost failed to address interest rate policies. Walsh stated that the Fed was firmly committed to maintaining price stability and promoting the 2 per cent return in inflation, while stressing that the Fed had the policy tools it needed to achieve that goal. He said, “The more we focus on our own responsibilities, the more we stay away from politics.” Walsh added that the Federal Reserve would revisit its inflation framework in order to better understand the drivers of inflation and what measures could be taken to address it. Referring to the new working groups of the Fed, Walsh indicated that they were still at the research and exploration stage. He noted that the discussions would begin with 19 policymakers, that the process would be open and transparent and that research findings and policy ideas would be shared with the outside world on a regular basis. In terms of balance sheet policies, Walsh emphasized that balance sheets were part of monetary policy and not just the functioning of financial markets. Any balance sheet policy adjustment would be fully communicated, explained and given sufficient lead time to the market. When asked how Trump would respond if he tried to intervene in the Fed's policy, Walsh responded that he would continue to carry out his duties and maintain his independence in formulating monetary policy. He stated that the Fed had demonstrated its commitment to policy independence and institutional reform。

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Walsh: If the Federal Reserve adjusts the balance sheet, the market will be well informed

On 14 July, Federal Reserve Chairman Walsh indicated that, should the Federal Reserve adjust its balance sheet policy, advance notice, explanation and open discussion would be undertaken in advance, with sufficient lead time given to financial markets. During the hearing, Walsh indicated that his views on the large balance sheet issues of the Fed were well known to the outside world, but he was reluctant to prejudge the decision to be taken by the newly established balance sheet task force of the Fed. Noting that the balance sheet fell within the realm of monetary policy, he stressed that the Fed should avoid becoming involved in fiscal policy. “I assure you that if there is a change in the balance sheet policy, we will have an advance briefing, explanation and discussion. Before any adjustment to the balance sheet policy, either the Commission or the financial market as a whole will be given sufficient advance notice.”

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Analyst: June inflation data support the market ' s view of overestimating the Fed ' s interest rate potential

On 14 July, Tony Welch of Signature FD stated that the market overestimated the possibility of the Fed raising interest rates. Following the publication of weak CPI inflation data in June, the futures market reflected a lower probability of interest rate hikes this month, but, according to data from Chiffon, at least once this year is still possible. Welch states that, regardless of the volatility of fuel prices, inflation is on a downward trend. “We simply did not see the kind of wage growth that would support widespread inflation throughout the economy in the long term”, he said. He expected Fed Chairman Walsh to try to keep inflation expectations near the Fed ' s target of 2 per cent. “I do think he is trying to use his words to help set and keep inflation expectations stable”, he said。

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EU sanctions for extortion of software operators, Stern, over $300 million

European Union sanctions against Russian network criminals, Vitaly Nikolayevich Kovalev (alias Stern), who have caused global losses of over $10 billion. The Chainalysis data show that Stern-related wallet addresses received more than $300 million in ransoms. Stern was involved in dealings with the eco-ecosystems of extortion software such as Ryuk, Conti, Diavol, Karakurt, Royal, Quantum, and was responsible for budget management, staff recruitment and attack planning within Trickbot Group。

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