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Today · 2026-08-02 · Sun

US Defense Secretary Hegseth: The cost of military operations against Iran rose to $37.5 billion

According to United States Secretary of Defense Hegseth, the cost of United States military operations against Iran has risen to $37.5 billion, higher than the Pentagon estimate of $29 billion in May. The Pentagon is seeking a US President Tripp's US$ 67 billion defence grant, including $21 billion to expedite the procurement of high-end missiles and ammunition, $2 billion to supplement combat-related lost or damaged equipment, and $11.6 billion for drones, satellites and other advanced technologies。

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The U.S. shares are three high-speed, high-receiving storage blocks with a strong rebound of over 10%

On 22 July, the United States stock moved in high and the three indicators were rising collectively. The index rose by 1.29 per cent, the index by 0.89 per cent and the index by 0.74 per cent. The Philadelphia semiconductor index rose by 5.21 per cent, the largest single-day increase since 22 June. The storage plate rebounded strongly, with a 14 per cent increase in the flashlight, a 13 per cent increase in the SK Hercules, a 12 per cent increase in data and light technology in the west, an 11 per cent increase in the Hitel technology, and a 17 per cent increase in the Quartet. A full-line increase in light communication boards, a rise of over 11 per cent in Coherent, 9 per cent in Lumentum, nearly 8 per cent in Ciena, 6 per cent in Melville Technology, 6 per cent in Conning and 5 per cent in Credo。

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The U.S. Trade Representative suggested that a new tariff policy would be introduced soon

On 22 July, the United States trade representative, Jamison Greer, in an interview with the media, insinuated that the United States federal Government would soon introduce a new tariff policy to replace the 10 per cent global import tariff that was due to expire. Greer said that he could not now give a specific point of time for a new tariff policy, which would have to be communicated to Congress and other stakeholders before it was officially announced。

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United States House of Representatives Republicans advanced short-term allocations and $95 billion budget programme

On 22 July, according to Politico, the Republicans of the United States House of Representatives voted by 241 votes in favour and 211 against in a procedural vote to move the short-term government allocation bill and the Budget Reconciliation 3.0 programme forward. The Interim Appropriations Act is intended to sustain the Federal Government ' s operations until December, while the budget framework provides the basis for a $95 billion, party-driven policy programme. The Republican leadership of the House of Representatives hopes to adopt the interim allocation programme later on Tuesday. Subsequently, the Chamber of Deputies is expected to vote on the budget resolution on Wednesday. The Republican Party wishes to use the budget framework to begin the process of drafting and adopting the third Conservative Policy Bill of the current Congress without any support from the Democratic Party。

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EIP-8222 TO ENHANCE THE PRIVACY OF THE CERTIFYING OFFICER AND THE INSTITUTION ' S PLEDGE FACES COSTS AND COMPLIANCE RIGHTS BALANCE

On 22 July, EIP-8222, EIP-8222, an ETA improvement proposal, plans to separate pledge deposits from withdrawals through a STARK-based cryptographic mechanism and to re-align the certifying officers in order to reduce the traceability of their activities. Currently about one third of ETH is in pledge. Thibault Dubuis, the head of the Sygnum Bank pledge and decentralised financial products, stated that the current deposit address, the certifying officer and the withdrawal certificate would form a visible link, bringing the size of the institution ' s holding, the time of entry and the pledge strategy closer to disclosure. The proposal is still under discussion and no deployment time has yet been scheduled. The design may involve arrangements such as fixed deposits, waiting periods for the receipt of assets, or higher implementation costs, process delays and compliance by institutional users。

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The Republicans of the United States House of Representatives passed a $95 billion budget program

According to the early release of Polit, on Tuesday, the Republicans of the United States House of Representatives voted by 241 votes in favour and 211 against the procedural vote to advance the short-term government allocation bill and the $95 billion budget programme. The Interim Appropriations Act continued to operate until December, and the budget framework provided the basis for a $95 billion policy programme. The Republican leadership of the House of Representatives plans to adopt the interim allocation programme during the evening of Tuesday and is expected to vote on the budget resolution on Wednesday。

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Goldman Sachs created a private market platform

On 22 July, it was reported that Goldman Sachs had established a new platform to expand its services to wealthy clients and family offices to meet their needs for direct investment in private companies. According to an internal memorandum, the new office in Goldman Sachs is called the Alternative Investment Platform, which consolidates the existing alternative investment operations in Goldman Sachs and joins the two new teams. According to the MOU, the two new teams focus, respectively, on direct investment in individual private companies and on helping clients buy and sell such private companies。

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Kalshi applied for a permanent contract to link to precious metals

According to Bloomberg, Kalshi has applied to CFTC for the introduction of a permanent contract to link gold, silver and platinum to expand its permanent products from encrypted assets to precious metals. The relevant contracts are proposed to be traded 24 hours a day, 5 days a week, and may be further extended thereafter. The application will be subject to a regulatory review period of up to 45 days. Kalshi also stated that it was evaluating the roll-out of long-term contracts for other asset classes, such as foreign exchange and equities。

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