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  • MIL-OSI USA: SBA Approves Governor Newsom’s Disaster Declaration for State-Sanctioned Crisis in Los Angeles

    Source: United States Small Business Administration

    WASHINGTON – Today, the U.S. Small Business Administration (SBA) announced approval of Governor Gavin Newsom’s long-overdue request for disaster relief in downtown Los Angeles, where he allowed pro-illegal alien riots to harm our brave ICE agents and destroy small businesses in the city. Once again, President Donald J. Trump is saving California from radical leaders who fail to protect their own communities from violent rioters.

    After weeks of no real solutions and inflammatory social media statements, Governor Newsom finally requested federal disaster relief to bail him out – again. President Trump and SBA Administrator Kelly Loeffler immediately approved an SBA Economic Injury Disaster Loan (EIDL) declaration, enabling small businesses to apply for up to $2 million in low-interest EIDL loans to support working capital and normal operating expenses such as payroll, rent, and utilities that could not be met due to the destruction enabled by Newsom’s failed governance. Unlike Gavin Newsom, the Trump Administration will always put the American people above partisan political stunts.

    “Governor Newsom allowed a mob to rampage Los Angeles – standing with violent rioters, paid protestors, and criminal illegal aliens over law-abiding citizens. Despite an estimated $1 billion in damage, he refused federal relief for weeks, insisting that the riots were peaceful even as small business owners stood in the rubble,” said Loeffler. “Although the SBA has approved California’s disaster relief request and will begin delivering immediate aid to the innocent victims, Governor Newsom must take accountability for his state-sanctioned crisis – and stop playing politics with Americans’ livelihoods.”

    SBA disaster assistance teams are already mobilizing to provide direct on-the-ground support to affected individuals and communities. Impacted individuals seeking to obtain an EIDL loan may visit sba.gov/disaster.

    # # #

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    Related programs: Disaster

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Museum Futures Programme launched

    Source: Scottish Government

    £4 million programme to encourage new approaches and collaboration across the museum sector.

    Museums are being encouraged to sign up for a new partnership programme to strengthen and sustain their role as the stewards of Scotland’s cultural heritage.

    Developed in partnership by the Scottish Government, Museums Galleries Scotland and The National Lottery Heritage Fund, the £4 million Museum Futures programme will offer funding and support to transform how museums and galleries operate by enabling them to collaborate and test new ways of working. The funding was announced by First Minister John Swinney ahead of a visit to the Museum of Childhood in Edinburgh.

    Museums will be able to access two funding channels – an open fund focused on building leadership capacity and organisational change, and a targeted fund that will support the testing of collaborative and place-based approaches, focused on the needs of communities, as well as organisations with common issues who would benefit from working together.

    Beyond financial support, participating museums will also benefit from skills development, professional mentoring and specialist advice delivered by trusted partners across Scotland. This includes a new Organisational Health Check tool, developed by Museums Galleries Scotland, to help museums identify their strengths, weaknesses, and opportunities and allow them to make informed decisions regarding priorities and funding.

    The First Minister said:

    “Museums are the stewards of our cultural heritage, preserving the objects and artworks that have shaped Scotland, from its earliest beginnings to the latest trends.

    “Local museums in particular are responsible for bringing the stories behind their communities to life, and the Museum Futures programme aims to give them a solid foundation to build on by helping organisations innovate, collaborate and adapt. I know some are already early adopters of new ways of working and this programme will encourage more of that through the sharing of ideas, practical advice and funding to enable them to test new approaches that will stand the test of time.

    “This programme and the £4 million funding behind it reflects the Scottish Government’s commitment to ensure our museums flourish, having heard the sector’s voices on the challenges they are currently facing loud and clear. I would strongly encourage anyone who might be eligible to consider how they could secure their part of Scotland’s story with this funding and support.”

    Lucy Casot, Chief Executive of Museums Galleries Scotland said:

    “Museum Futures takes a progressive new approach to sector investment and development allowing us to imagine and test what a strong museum sector could look like. It provides capacity to explore how the sector can adapt to meet current and future challenges while removing some of the risks of trying something new. It gives museums a chance to plan for long term sustainability instead of just getting through another year. Museum Futures recognises the hard journey that our sector has had and seeks to offer a positive way to address barriers and support change.

    “This is a momentous opportunity for Scotland’s museums and I would like to thank our partners and sector colleagues who have shaped and will continue to develop this new programme.”

    Caroline Clark, The National Lottery Heritage Fund Director for Scotland said:

    “Since the launch of the Heritage Fund some thirty years ago we have worked closely with Scotland’s museum sector and thanks to National Lottery players we have supported museums of every size and style in every part of the country.

    “As the largest funder for the UK’s heritage our knowledge and experience has helped shape the Museum Futures programme. We now look forward to supporting it in delivery and continuing to be a key funder, project partner and supporter for a resilient, creative and collaborative museum sector in Scotland.”  

     Background

    For more information, see: https://www.museumsgalleriesscotland.org.uk/museum-futures/

    A 2024 survey conducted by MGS and DC Research revealed that 11% of respondents reported that their organisation could be at risk of closure within the next year.

    Museum Futures offers an opportunity to develop and build on new ways of working that some museums are already starting to explore. Examples of this include:

    Scottish Maritime Museum, which has become a valued community asset by using its space to host regular makers’ markets and crafting workshops with local artists. The museum has also established strong links with new audiences through its recent co-produced exhibition with the North Ayrshire Ukrainian Community, which provided a creative outlet for Ukrainians who are now living locally due to the war in their home country.

    Part funded by the MGS Recovery and Resilience Fund, Stirling Smith Art Gallery and Museum opened a biodiversity community garden on their grounds, offering visitors a space to enjoy the outdoors while supporting wildlife and showcasing various Scottish habitats. An events cabin was added in 2021, which has attracted new audiences and provided more opportunities for income generation.

    Grantown Museum created a new income stream by harnessing their skills to create a unique dressing and photography experience. ‘Adventure in costume’ is an MGS-funded initiative that offers visitors the opportunity to try on handmade replica gowns while learning about 18th century fashion. The experience also includes a photo and video package.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Gosar Introduces Legislation Delisting the Mexican Wolf from the Endangered Species Act

    Source: United States House of Representatives – Congressman Paul A Gosar DDS (AZ-04)

    Washington, D.C. — Congressman Paul A. Gosar, D.D.S. (AZ-09), issued the following statement after introducing H.R. 4255, the Enhancing Safety for Animals (ESA) Act, legislation delisting the Mexican wolf from the Endangered Species Act and delinking its populations in the United States and Mexico:

    “Since being reintroduced to the wild in Arizona, Mexican wolves have preyed on cattle, livestock, and even family pets, causing significant financial losses and economic hardship on family-run ranches.

    The Mexican wolf has lingered on the Endangered Species list for nearly 40 years. During that time, there have been numerous accounts of livestock killings and even declines in some big game herds since these wolves were first listed. Much of this can be attributed to failed management by the United States Fish and Wildlife Services (USFWS) as the uncontrolled and unmanaged wolf populations have been allowed to roam free. In fact, nearly 90% of the wolf’s original habitat falls within the border of Mexico.  Significant attacks by wolves on cattle, elk, moose, and sheep have occurred and have negatively impacted hunters and ranchers throughout Arizona.

    To make matters worse, the USFWS considers recovery within the borders of Mexico in its management goals. American ranchers are being punished for Mexico’s failure to manage its own animal populations effectively.  Immediate delinking is needed to ensure American ranchers are put first.  

    Unfortunately, lawsuits filed by extremist environmental groups have prevented the Mexican wolf from being delisted nationally, even though the Mexican wolf was released into Arizona and New Mexico as part of an experimental program. 

    The Mexican wolf population has grown steadily since being reintroduced to the wild.  In the U.S., the Mexican wolf population now exceeds the original federal recovery goals for wolves in the wild, with hundreds more in captivity for breeding.  Now a stable population, the wolf is no longer in danger of extinction and should be delisted from the Endangered Species Act,” stated Congressman Gosar.

    “The Mexican wolf is destroying the livelihood of western ranchers by slaughtering their cattle. Because of its status as an endangered species–a falsehood perpetuated by the Biden Administration and environmental groups–ranchers cannot protect their herds from these predators,” added Congressman Andy Biggs (AZ-05). “I’m thankful that Rep. Gosar is leading the effort to allow Arizona ranchers to protect their cattle without fear of repercussions from the federal government. Cattle are a vital part of Arizona’s economy, and Congress must ensure that ranchers are able to protect their herds from dangerous predators.”

    “Now is the time to recognize the catastrophic impact that bad federal policy has on local communities.  For too long, ranchers in states near our southern border have shouldered the burden of managing this species with limited tools and little support from the federal government who has imposed all manners of burdens. Ranchers and rural communities face daily challenges such as livestock predation and threats to community safety due to overpopulated wolf packs. We commend Congressman Gosar for introducing the Enhancing Safety for Animals Act and working to bring some relief to these communities,” said Kaitlynn Glover, Executive Director, Public Lands Council. 

    The 10(J) experimental population listing of the Mexican wolf is one of the clearest examples in the country of ESA abuse by the environmental community and the U.S. Fish and Wildlife Service. The federal protections have been misused by activists to control landscapes and land managers, and their rhetoric often contradicts established science. The rapid increase in wolf populations, coupled with these federal protections, has restricted management options for producers, leading to an increase in cattle losses that negatively impact their profitability. I would like to thank Congressman Gosar for introducing the Enhancing Safety for Animals Act that acknowledges the abuse of the ESA with the Mexican wolf listing and seeks to provide relief to U.S. cattle producers,” stated National Cattlemen’s Beef Association Senior Vice President of Government Affairs, Ethan Lane.

    “We applaud Representative Gosar for his leadership on efforts to delist the Mexican wolf,” said John Boelts, President of the Arizona Farm Bureau. “For years, our members have dealt with the devastating effects of the reintroduction of this apex predator. The U.S. Fish and Wildlife Service recently reported that the Mexican wolf population in the U.S. has surpassed 280. It’s time to delist the species and provide relief to Arizona’s ranchers and rural communities who have dealt with years of negative impacts and complex regulations. State governments should now be given the opportunity to manage the wolf population directly.”

    Original Cosponsors: 

    Representatives Biggs (AZ), Boebert, Crane, Hageman, Hamadeh, Hurd, LaMalfa, Stauber, Tiffany, Zinke

    Outside Group Supporters:

    American Farm Bureau Federation, American Lands Council, Arizona Farm Bureau, Arizona Cattle Growers’ Association, Blue River Cowbelles, Catron County Commission, Coalition of Arizona/New Mexico Counties, Cochise-Graham Cattle Growers’ Association, Eastern Arizona Counties Organization, Graham County Chamber of Commerce, Greenlee County Board of Supervisors, Greenlee County Cattle Growers’ Association, National Cattlemen’s Beef Association, New Mexico Cattle Growers’ Association, New Mexico Farm and Livestock Bureau, New Mexico Federal Lands Council, Protect Agriculture Now, Public Lands Council, R-CALF USA, Southeaster Arizona Sportsmen Club

    MIL OSI USA News –

  • MIL-OSI China: Beijing’s largest airport set for busy summer travel season

    Source: People’s Republic of China – State Council News

    BEIJING, July 1 — Beijing Daxing International Airport, the largest airport in the Chinese capital, has forecast a passenger throughput of over 9.52 million during the July-August peak summer travel period.

    From July 1 to Aug. 31, the airport expects to handle approximately 60,400 flights, representing a 4.18 percent year-on-year increase. Passenger volume is projected to come in at 9.52 million, up 4.41 percent from 2024. Air travel peaks are anticipated on Aug. 5, with 1,031 flights and 170,500 passengers set to transit through the capital’s aviation hub.

    The surge stems from converging demand for leisure travel, family reunions and family-oriented trips. Domestically, popular routes will connect people to cool-summer destinations in northeastern and southwestern China, alongside tourism hotspots. International travelers are favoring short-haul destinations in Southeast Asia and East Asia, while European cities like London, Moscow and Amsterdam are also reporting rising bookings.

    Accelerated visa facilitation policies have vitalized cross-border tourism. During the summer period, the Daxing airport estimates it will see daily averages of nearly 100 international flights and 17,000 border crossings. Since January, the airport has processed over 2.7 million international passengers.

    MIL OSI China News –

  • MIL-OSI China: World Humanoid Robot Games reveals new competition events

    Source: People’s Republic of China – State Council News

    BEIJING, July 1 — The inaugural World Humanoid Robot Games (WHRG), scheduled to be held in Beijing this August, has released details of its new competition events such as martial arts performance, free fighting and group dancing, according to the Beijing Evening News on Tuesday.

    These newly added events will further showcase the technological prowess and unique charm of humanoid robots in competition, reflecting the deep integration of robot technology with people’s lives, Zhang Hua, head of the Competition Department of the WHRG Organizing Committee, was quoted as saying by the newspaper.

    The first batch of events to feature at these games had previously been confirmed — with these including football, athletics, free gymnastics, badminton, basketball and table tennis, according to the report.

    Among them, the RoboCup Asia-Pacific (RCAP) Beijing Masters is currently considered the world’s premier humanoid robot football competition and is generating great expectations. There have been 30 robot football teams worldwide submitting preliminary applications, said Zhou Zhaoda, a technical official with the Competition Department of the WHRG Organizing Committee.

    The WHRG to be held in mid-August will be the world’s first multi-sport competition for humanoid robots.

    “These games will demonstrate how close robots are to achieving human-like capabilities,” said Jiang Guangzhi, director of the Beijing Municipal Bureau of Economy and Information Technology.

    MIL OSI China News –

  • MIL-OSI China: Youths serve as bridge for Cambodia-China enhanced friendship, cooperation

    Source: People’s Republic of China – State Council News

    PHNOM PENH, July 1 — Youths have served and will continue to serve as a key bridge for enhanced friendship, exchanges and cooperation between Cambodia and China, experts and youths said here on Tuesday.

    They made the remarks during a Cambodian and Chinese youth dialogue on their role in building an all-weather Cambodia-China community with a shared future in a new era, which was organized by the Youth House for Cambodia-China Friendship in Phnom Penh.

    “Youths are the future of Cambodia-China relations,” Sok Piseth, secretary general of the Youth House for Cambodia-China Friendship, told some 50 participants at the dialogue.

    “Youths really play a very important role in fostering and promoting ties and cooperation between our two countries,” he added.

    Piseth said the dialogue was vital to promote mutual understanding, learning and trust, and gave an opportunity for youths of both countries to explore mutual culture and civilization.

    Thong Mengdavid, a lecturer at the Institute for International Studies and Public Policy of the Royal University of Phnom Penh, who is a moderator at the dialogue, said youth are one of central pillars of Cambodia-China cooperation, playing a vital role in strengthening long-term bilateral ties.

    “Investing in young people today means laying a foundation for a more connected and cooperative future,” he said.

    “Promoting mutual understanding through cultural exchange programs, educational partnerships, tourism, and open dialogues allows Cambodian and Chinese youths to appreciate each other’s histories, traditions, and contemporary realities,” he added.

    Mengdavid said these engagements not only foster personal connections but also help build trust and empathy between future leaders of both nations.

    Ky Sereyvath, director-general of the Institute of China Studies, a think tank under the Royal Academy of Cambodia, said Cambodia and China have enjoyed fruitful cooperation in all areas, particularly in the economy, trade, investment, digital technology, education, tourism, culture, and agriculture.

    “Cooperation in these areas has provided mutual benefit and win-win results for both countries,” he said at the event.

    Try Thyda, a 20-year-old Cambodian student at the Royal University of Phnom Penh, said she would love to be the bridge of friendship between Cambodia and China when she graduates.

    “I’m very happy with the ties because they have brought benefits in all sectors, from the economy to tourism and agriculture,” she told Xinhua after the dialogue.

    Thyda said she could contribute to advancing Cambodia-China relations in the areas of education and innovation.

    “I think I can inspire students both Cambodia and China to be more connected with one another,” she said.

    Lu Xuanren, a 19-year-old Chinese student at the Royal University of Phnom Penh, was very optimistic over Cambodia-China ties, saying that the relations will be even stronger in the future.

    “We will have more connections,” he told Xinhua at the event.

    “We need to strengthen relationship between youths,” he said.

    MIL OSI China News –

  • MIL-OSI Australia: Major exercise at Barry Beach

    Source:

    Toora members use a fine-spray to control the HAZMAT chemical spill simulation

    Brigades from across South Gippsland have participated in a range of training scenarios at Barry Beach Marine Terminal – the main supply depot for Esso Australia’s Bass Strait oil and gas operations.

    The exercises included a complex search and rescue in a smoke-filled building, communication exercises using new CFA radios, and a HAZMAT situation involving a chemical spill. 

    This training allowed members to practice their skills in a realistic environment and improve their response capabilities, with the exercises designed to enhance their preparedness for potential emergencies within the marine terminal and surrounding areas.

    “We chose to engage with Qube Energy as the Barry Beach Martine Terminal is a major piece of infrastructure in the region,” Deputy Group Officer Training Ray Argento said.

    “We’re also expecting the number of people onsite at Barry Beach to grow significantly over the coming years with the proposed offshore rig decommissioning activities and the development of the Gippsland offshore wind zone.”

    The key was for members to practice their skills, and the site at Barry Beach was chosen to provide a foundation for collaboration.

    Members from Welshpool, Toora, Foster, Meeniyan-Stony Creek, Inverloch, Tarwin Lower & District, Fish Creek & District, Pound Creek and Dumbalk brigades participated in the training.

    Ambulance Victoria members were also on scene during the exercise to provide support and expertise in patient lift and extraction techniques.

    “I think the exercises challenged brigades and members,” Mr Argento continued. “They were able to call on the experiences of others and their training to consider the best way to deal with each of the scenarios they were presented with.

    “We sincerely thank Qube Energy for the opportunity to use their site, their willingness to be so involved in the process – and particularly for supporting volunteers to learn vital skills.”

    • Foster member Robert Powell uses a Thermal Imaging Camera to navigate through the smoke.
    • Ambulance Victoria members participated at the South Gippsland Group of Fire Brigade’s special training exercise at Barry Beach Terminal, sharing equipment techniques, safe lift of patients and key information they require when attending an incident
    • Meeniyan-Stony Creek Captain Paddy Eldred and Toora member Meghan Scoglio put a ‘patient’ into a recovery position before Ambulance Victoria paramedics arrive ‘on scene’.
    • Dumbalk Secretary Chris Oliver and Pound Creek member Allan Archbold acted as the radio control centre during the Group Exercise.
    Submitted by Danika Dent

    MIL OSI News –

  • MIL-OSI Security: Greene Man Admits Federal Drug and Firearm Charges

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    PORTLAND, Maine: A Greene man pleaded guilty today in U.S. District Court in Portland to possessing controlled substances with intent to distribute and to possessing a firearm in furtherance of a federal drug trafficking crime. 

    According to court records, in January 2025, Lewiston police officers approached and detained John Labbe, 44, after they observed him operating a vehicle unlawfully. Officers recovered from Labbe a handgun with a laser sight. Inside a backpack he was wearing, officers found quantities of fentanyl and cocaine base. A later search of Labbe’s cell phone revealed communications in which he appeared to be arranging for the distribution of controlled substances.

    Labbe faces at least 10 years and up to life in federal prison, a maximum fine of $5 million, and up to life on federal supervised release. He will be sentenced after the completion of a presentence investigative report by the U.S. Probation Office. A federal district judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives investigated this case, with help from the Lewiston Police Department, the Maine Drug Enforcement Agency, and the Maine Attorney General’s Office.

    Project Safe Neighborhoods: This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Childhood, visit https://www.justice.gov/usao-me/psn.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Update 299 – IAEA Director General Statement on Situation in Ukraine

    Source: International Atomic Energy Agency – IAEA

    The IAEA team based at Ukraine’s Zaporizhzhya Nuclear Power Plant (ZNPP) has been informed of a drone attack that damaged several vehicles near the site’s cooling pond last week, Director General Rafael Mariano Grossi said today.

    Visiting near one of the areas of Friday’s purported attack, the IAEA team yesterday observed burnt grass and other charred vegetation, which the plant said was caused by a drone that crashed and caused a fire there.

    In the latest such report highlighting constant dangers to nuclear safety during the military conflict, the ZNPP said six drones had been involved in the incident.

    According to the plant’s information provided to the IAEA team, a group of personnel who were cleaning a nearby water reservoir at the time spotted the approaching drones and took cover, with no injuries. However, one of the drones hit the front of a truck and other vehicles were also damaged, the ZNPP said. Approximately one hour later, another drone crashed, causing the fire that burnt the vegetation, it added.

    The incident occurred outside the site perimeter, around 600 metres from the nearest of the ZNPP’s six reactors.

    The IAEA team members were yesterday shown the truck that was reportedly struck, but they could not confirm any damage as they were too far away from the vehicle. They also could not see any drone remains at that distance.

    “If this report is confirmed, it would represent a completely unacceptable attack in the proximity of a major nuclear power plant. Whoever is behind such attacks is playing with fire. It must stop immediately,” Director General Grossi said. 

    It comes just a few weeks after the IAEA team at the ZNPP heard repeated rounds of gunfire that appeared to be aimed at drones reportedly attacking the site’s training centre, also located just outside the site perimeter – on the opposite side to Friday’s reported attack. The training centre has been targeted several times this year, according to the ZNPP.

    In February, a drone severely damaged the New Safe Confinement (NSC) at the Chornobyl plant in northern Ukraine, built to prevent any radioactive release from the reactor unit 4 destroyed in the 1986 accident and to protect it from external hazards.

    Ukraine’s operating nuclear power plants (NPPs) – Khmelnytskyy, Rivne and South Ukraine – also regularly report of drones being detected near the respective sites.

    “There are too many drones flying too close to Ukraine’s nuclear power plants, potentially threatening nuclear safety. As we saw in February, they can cause major damage at these facilities. Once again, I call for maximum military restraint in the vicinity of nuclear facilities,” Director General Grossi said.

    MIL Security OSI –

  • MIL-OSI New Zealand: Household Labour Force Survey population rebase from 2023 estimated resident population – Stats NZ report

    Household Labour Force Survey population rebase from 2023 estimated resident population – report

    2 July 2025

    This report outlines the effect of estimated resident population (ERP) revisions on the Household Labour Force Survey (HLFS) for the September 2018–March 2025 quarters.

    Key points
    We have revised the historical HLFS data from the September 2018 quarter to the March 2025 quarter and investigated the effects of revised national population estimates (NPE), Māori population estimates (MPE), and subnational population estimates, on our series.

    While there were substantive changes to high-level estimates, the effects on key rates were negligible at the national level.

    The main effects of the revision between the September 2018 and March 2025 quarters are set out below:

    • overall decrease in the working-age population, from 4,335,000 to 4,297,000 in the March 2025 quarter, with both male and female working-age populations decreasing by a similar amount
    • overall increase in the Māori working-age population, from 649,700 to 658,300 in the March 2025 quarter, with the wāhine Māori working-age population increasing more than the tāne Māori working-age population
    • the number of employed people decreased slightly faster than the number of people in the working-age population, leading to a downward revision in the seasonally adjusted employment rate in the March 2025 quarter, from 67.2 percent to 67.1 percent
    • the working-age population was revised downward for men and women in most age groups in the March 2025 quarter, with the only upward revisions for teenagers (aged 15–19 years, men and women) and women aged 20–24 years
    • all regional working-age population estimates were revised down. The largest percentage decreases were in Otago (down 2.3 percent, 5,100 people) and Southland (down 2.1 percent, 1,800 people) in the March 2025 quarter.

    Visit our website to read this report and to download CSV files:

    MIL OSI New Zealand News –

  • MIL-OSI Australia: LUMI robots ScaleUp solar deployment with advanced automation

    Source: Ministers for the Department of Industry, Innovation and Science

    Overview

    • Category

      News

    • Date

      02 July 2025

    • Classification

      Solar energy

    Robotics pioneer Luminous has been selected to receive $4.9 million in funding as the first recipient of ARENA’s $100 million Solar ScaleUp Challenge, which sought to supercharge innovation and crowdsource ideas from around the world on how to reduce the cost of large-scale solar. 

    Luminous’ project will introduce and demonstrate their LUMI robot, an AI-powered pick and place technology designed to streamline utility scale solar construction. LUMI addresses one of the industry’s most labour-intensive tasks: panel installation. LUMI autonomously places solar modules onto racking structures, allowing onsite workers to complete the final securing process, reducing manual labour and improving installation speed, safety and cost-efficiency. 

    ARENA CEO Darren Miller said that reducing operation and maintenance costs in deployment of large-scale solar is a critical lever in achieving ARENA’s ultra low-cost solar vision. 

    “ARENA has set an ambitious goal to reduce the installed cost of solar to 30 cents per watt and bring the levelised cost of electricity (LCOE) below $20 per megawatt hour. These are important targets, because at this cost solar will form the foundation for Australia’s renewable energy “superpower” future.” 

    “To achieve net zero, Australia will need immense amounts of solar power at ultra-low cost. We’ve already proven our ability to manufacture advanced technologies. It’s now time to apply that capability to solar PV, a cornerstone of the nation’s clean energy future.”  

    “Solutions like LUMI are key to reducing costs and maintaining Australia’s leading role in the development and innovation of solar technologies. The Solar ScaleUp Challenge brought together local and global thinkers, innovators and developers to collaborate and find innovative and groundbreaking solutions to transform the solar industry. This project is a great example of that ingenuity,” Mr Miller said. 

    Luminous hopes the LUMI robot will enhance productivity and safety on Australian solar farms by helping the existing workforce to install solar panels up to 3.5 times faster, without any need for heavy lifting. While LUMI has already demonstrated cost reductions on solar farms in the US, the ARENA project marks the first global deployment of a full fleet of five LUMI robots, unlocking the potential to lower solar farm costs by up to 6.2%. 

    Luminous has partnered with Equans, a global engineering, procurement and construction firm, to deploy LUMI at two Australian solar farms: the 440MW Neoen Culcairn Solar Farm in New South Wales; and the 250MW Engie Goorambat East Solar Farm in Victoria. 

    Luminous CEO Jay M. Wong said they were thrilled to work with ARENA and Equans to showcase the future of solar construction in one of the world’s most advanced solar markets. 

    “With LUMI, we’re not just introducing a robot – we’re setting out to redefine the standard for how solar farms are built and help sites energise faster and safer. Deploying our LUMI fleet in Australia will allow us to capture the data, performance insights and real-world impact needed to drive global adoption – the kind of scale and transformation we founded Luminous to achieve.” 

    The project continues ARENA’s support of Australian innovation in the solar PV industry. ARENA has provided over $388 million to over 200 solar research and development projects since 2009 through funding programs inherited from the Australian Solar Institute or delivered by ARENA since 2012. 

    Although the ScaleUp Challenge has closed, ARENA’s work to accelerate the pace of innovation in renewable energy technologies continues. If you’re an investor, developer, researcher or entrepreneur with a vision for low-cost large-scale solar, now is the time to engage.  

    ARENA will continue to support big ideas and back breakthroughs that power Australia’s clean energy future. Read more about our Ultra Low-Cost Solar priorities.   

    Apply for funding through the Advancing Renewables Program or Solar Sunshot Program. 

    ARENA media contact:

    media@arena.gov.au

    Download this media release (PDF 151KB)

    MIL OSI News –

  • MIL-OSI: Origin Investment Corp I Announces Pricing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 01, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a blank check company, today announced the pricing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. The units are expected to begin trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as described in the prospectus. Only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or the Company’s liquidation. The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ORIQ” and “ORIQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. In addition, the Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover over-allotments, if any.

    ThinkEquity is acting as sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the IPO will be completed on the terms described above, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI: Origin Investment Corp I Announces Pricing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 01, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a blank check company, today announced the pricing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. The units are expected to begin trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as described in the prospectus. Only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or the Company’s liquidation. The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ORIQ” and “ORIQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. In addition, the Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover over-allotments, if any.

    ThinkEquity is acting as sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the IPO will be completed on the terms described above, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI Africa: Qatar Affirms Commitment to Enhancing Partnership for Inclusive Development

    Source: Government of Qatar

    Seville, July 02, 2025

    The State of Qatar reaffirmed its commitment to fostering partnerships and mobilizing financing for inclusive development, expressing pride in hosting the Second Global Summit on Social Development this coming November. 

    The summit aims to enhance global dialogue and action toward inclusive social development and achieving the 2030 Sustainable Development Goals (SDGs).

    This message was delivered by HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad on financing inclusive and sustainable development. The session was co-organized by the State of Qatar and the Kingdom of Spain in cooperation with the International Labour Organization (ILO), as part of the Fourth International Conference on Financing for Development in Seville.

    HE the minister emphasized that achieving the SDGs requires effective international cooperation, especially to support vulnerable populations affected by poverty, conflict, and climate change. Her Excellency stressed the urgent need for strong partnerships and sustained investment in education, healthcare, and social protection. She added that a real commitment is needed to leaving no one behind, with special attention to women, children, the elderly, and persons with disabilities.

    Her Excellency underscored that the State of Qatar continues to pursue its Vision 2030 by building a knowledge-based economy driven by innovation, social justice, and inclusion. She highlighted that sustainable development indicators are being integrated into all national policies, with a strong emphasis on the family and expanding access to quality education and healthcare.

    At the international level, HE the minister reiterated the State of Qatar’s commitment to working closely with UN agencies, particularly the UN Development Programme (UNDP), and to investing in development acceleration labs that support local innovation in over 115 countries. She also noted the State of Qatar’s role in supporting education in emergencies, including a new partnership with the World Bank that converts debt relief into social investment.

    Commenting on the broader global agenda, Her Excellency said that the State of Qatar views the Seville Commitment as a vital stepping stone to the upcoming Doha Summit. She called for joint efforts to reform global financing mechanisms and to strengthen collaboration with international financial institutions like the World Bank, the International Monetary Fund, and development banks. Her Excellency also called for ensuring that human rights remain at the heart of all development efforts, adding that the State of Qatar looks forward to having everyone work together, in a spirit of partnership and innovation, to develop real solutions that reach those most in need. 

    MIL OSI Africa –

  • MIL-OSI USA: Senator Scott Applauds Passage of the One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    WASHINGTON – Today, U.S. Senator Tim Scott (R-S.C.) released the following statement upon passage of the Senate reconciliation legislation, otherwise known as President Trump’s One Big Beautiful Bill. This vital and comprehensive reconciliation legislation will produce lasting positive change for the American people through governmental fiscal responsibility, tax cuts, immigration enforcement, and investment in essential sectors of the country’s economy.

    “Results delivered! We’re one step closer to history because Senate Republicans got the job done,” said Senator Scott. “When President Donald J. Trump signs this bill into law, it will be a major success for hardworking American families. We’re delivering tax cuts for families, securing the border, strengthening our national defense, and unleashing American energy dominance. This is a win for Americans chasing opportunity, building prosperity, and fighting for their shot at the American Dream.”

    Senator Scott successfully championed several important provisions in this legislation that will provide economic relief, support small businesses, promote tax fairness, and strengthen various industries. These legislative victories underscore Senator Scott’s unwavering dedication to advancing the interests of the people of South Carolina and the United States.

    Below is a list of key provisions championed by Senator Scott: 

    • The Opportunity Zone Program is now permanent and greatly expanded, paving the way for economic investment and growth in economically distressed areas and maximizing community impact.
    • A permanent school choice tax credit that will benefit millions of middle and low-income children for generations.
    • Coaches and athletic staff can now claim out-of-pocket job-related expenses on their taxes just like classroom teachers.
    • Existing FICA Tax credits have been expanded to cover additional businesses, providing meaningful tax relief for small beauty and grooming establishments.
    • New Market Tax Credit has been permanently extended to attract private capital for projects in underserved urban and rural areas. 
    • The permanent extension of the Excess Business Loss Limitation Section 461(I) to safeguard the tax base and prevent aggressive tax sheltering.
    • The removal of retaliatory tax Section 899 to secure local employment and investment from foreign-owned U.S. businesses.
    • Removal of restrictions allowing employers and employees to contribute towards the fees of direct primary care programs. 

    South Carolina specific provisions can be found below:

    • Extension of critical support for South Carolina Farmers; providing stronger price protections, disaster aid, and new insurance tools. 
    • Extension of the 45X production credit to support the growing EV and lithium sector in the state.
    • Preservation of the tax credits vital for the state’s nuclear industry and eligibility for advanced nuclear technologies, promoting clean energy and economic growth. 
    • Protection of the duty drawback program, supporting small and medium-sized tobacco farmers. 

    MIL OSI USA News –

  • MIL-OSI United Kingdom: ‘Innovator passports’ set to accelerate cutting-edge NHS care

    Source: United Kingdom – Executive Government & Departments

    Press release

    ‘Innovator passports’ set to accelerate cutting-edge NHS care

    New ‘innovator passport’ will slash red tape so cutting-edge tech can be rolled out across the NHS quicker under the 10 Year Health Plan.

    • Digital system will mean companies can innovate faster and patients can get pioneering tech as soon as it’s ready to be rolled out
    • Will provide major boost to the Life Sciences sector, creating an NHS fit for future under the Plan for Change

    NHS patients across the country will get accelerated access to cutting edge technology through a new digital system that will cut red tape and boost life science .

    A new ‘innovator passport’ – to be introduced over next two years – will allow new technology that has been robustly assessed by one NHS organisation to be easily rolled out to others. 

    The move is a key part of the government’s Plan for Change and its 10 Year Health Plan, which will transfer power to patients and transform how healthcare is delivered, creating an NHS fit for future.

    For too long, cutting edge businesses deserted working with the NHS and went elsewhere, weighed down by slow timelines and reams of processes. Now, organisations will be able to join up with the NHS quicker than ever before through the removal of needless bureaucracy. Not only is this better for patients, but also for our NHS and economic growth.

    A ‘one-stop-shop’ thorough check from the NHS will now allow businesses to get to work as quickly as possible and deliver on what matters most to patients across the country. It means NHS patients will get more effective treatments and support quicker, and the NHS will make the most of its finite assessment resource, all while businesses are given a boost through the government’s industrial strategy.

    Treatments including special wound dressings—already reducing surgical site infections by 38% at Barking, Havering & Redbridge University Hospitals—could be adopted more widely, benefiting patients across the country.

    At Barts Health Trust in London, the use of antimicrobial protective coverings for cardiac devices cut infections and saved over £103,000 per year. At University Hospitals Dorset, adopting rapid influenza testing reduced bed days and antibiotic use, freeing up vital resources. MedTech Compass will make these innovations, and the evidence underpinning them, clear to buyers within the NHS.

    The new passport will eliminate multiple compliance assessments, reducing duplication across the health service. It will be delivered through MedTech Compass, a digital platform developed by DHSC to make effective technologies more visible and widely available.

    The initiative builds on the government’s drive to slash waiting lists and ensure people have access to health and care when and where they need it under the Plan for Change.

    Wes Streeting, Secretary of State for Health and Social Care, said: 

    For too long, Britain’s leading scientific minds have been held back by needless admin that means suppliers are repeatedly asked for the same data in different formats by different trusts – this is bad for the NHS, patients and bad for business. 

    These innovator passports will save time and reduce duplication, meaning our life sciences sector – a central part of our 10 Year Health Plan – can work hand in hand with the health service and make Britain a powerhouse for medical technology.

    Frustrated patients will no longer have to face a postcode lottery for lifesaving products to be introduced in their area and companies will be able to get their technology used across the NHS more easily, creating a health service fit for future under the Plan for Change.

    Dr Vin Diwakar, Clinical Transformation Director at NHS England, said:

    We’re seeing the impact improvements to technology are having on our everyday lives on everything from smartwatches to fitness trackers – and we want to make sure NHS patients can benefit from the latest medical technology and innovations as well.

    The new innovator passports will speed up the roll-out of new health technology in the NHS which has been proven to be effective, so that patients can benefit from new treatments much sooner.

    It also forms an important element of the industrial strategy through the upcoming Life Sciences Sector Plan, which will turbocharge Britain’s life sciences sector and cement the UK’s position as a global innovation leader.

    MedTech Compass helps speed up decision-making in trusts, allowing technology to scale faster – making it easier for trusts across the country to find, assess, and adopt proven technologies that improve and speed up patient care.

    The passports mean that once a healthcare tool has been assessed by one NHS organisation, further NHS organisations will not be able to insist on repeated assessments, reducing the need for local NHS systems to spend their limited resources on bureaucratic processes that have already been completed elsewhere.
    The digital system will act as a dynamic best buyer’s guide, making it easier for trusts to compare products side-by-side in one place.

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Weekend spree sees man in court

    Source: New Zealand Police

    A spree of car break-ins across one North Shore suburb has parked one offender in a court dock.

    Police have so far charged him with 17 offences over one weekend.

    In recent days, Waitematā East Police began investigating a spate of theft reports from vehicles parked in Schnapper Rock.

    Waitematā East Area Investigators Manager, Detective Senior Sergeant Mike Williams says numerous break-ins occurred between 26 and 29 June.

    “Offenders have been targeting sunglasses, wallets, bank cards and other items left in plain view,” he says.

    “A break came in enquiries when offenders were disturbed in the act on Sunday.

    “The victims got a very good description of a vehicle being used in the offending, which was invaluable to us.”

    Frontline staff attended the incident and, through camera operators, managed to obtain a registration.

    “Our Tactical Crime Unit picked up enquiries on Monday, identifying a person of interest which resulted in a visit to his Te Atatū Peninsula property on Tuesday.”

    A search warrant was executed at the property, resulting in the arrest of a 28-year-old man.

    Detective Senior Sergeant Williams says numerous items of interest were found at the West Auckland property.

    “He will face the North Shore District Court today on multiple counts of theft ex-car, and we will be opposing the man’s bail.

    “It’s a pleasing result, and our North Shore staff worked together with urgency to take enforcement action and ultimately prevent our community from being victimised further.”

    Police enquiries are continuing, and further arrests and charges cannot be ruled out at this point.

    Detective Senior Sergeant Williams says Police acknowledge vigilant reporting from the Schnapper Rock community, with timely and helpful information to respond.

    Always call 111 if you see offending or suspicious activity occurring in the community.

    You can also report information to Police online or by calling 105.

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Knuldoorong Art Exhibition brings culture centre stage to celebrate NAIDOC Week

    Source: New South Wales Ministerial News

    The City of Greater Bendigo is excited to announce the opening of the 2025 Knuldoorong Art Exhibition this Friday July 4, featuring works from First Nations artists and creatives.

    The annual Knuldoorong Art Exhibition is a major highlight of local NAIDOC Week (July 6 to 13) events, anchoring the start of celebrations across Bendigo.

    This year’s exhibition explores the NAIDOC theme, The Next Generation: Strength, Vision and Legacy, through the talented cohort of First Nations artists exhibiting their artwork.

    The theme is reflected in the artists themselves, with artists exhibiting at different stages in their careers and life’s journey, from well-established Elders to first-time exhibitors and young First Nations artists. There is also a special showcase from the Bendigo & District Aboriginal Co-operative kindergarten.

    For the past nine years, the Knuldoorong Art Exhibition has been a cornerstone of NAIDOC Week celebrations, taking place in Dudley House.

    Artworks will be available for purchase, although items will remain on display in Dudley House until the exhibition ends.

    The City’s Arts Officer First Nations and exhibition curator Michellie Charvat said this exhibition is a beautiful reflection of multiple generations of artists coming together.

    “This year’s Knuldoorong Art Exhibition showcases an outstanding collection of artworks created by incredibly talented artists, from right across Bendigo and beyond,” Ms Charvat said.

    “It was amazing to curate the exhibition with the intention that the NAIDOC theme is embodied through the artists themselves, offering a subtle theme of The Next Generation: Strength, Vision and Legacy.

    “Each artwork reflects the culture and identity of the artist, deepening the connection to NAIDOC, community, and First Nations individuals.

    “It was also a special exhibition for me to curate personally as this is where my career as an artist and curator began years ago, so to support and encourage young artists to exhibit their work for the first time in this exhibition is really special.”

    The Knuldoorong Art Exhibition will be open to the public from Friday July 4 to Sunday July 13.

    The exhibition is free to attend and will be open daily from 11am to 4pm.

    MIL OSI News –

  • MIL-OSI Security: Coast Guard, National Park Service teams up to rescue mariner

    Source: United States Coast Guard

    07/01/2025 06:52 PM EDT

    The Coast Guard and the National Park Service rescued a mariner after his vessel ran aground near Shackleford Banks, North Carolina, Monday night. 

    For more information follow us on Facebook, Twitter and Instagram.

    MIL Security OSI –

  • MIL-OSI USA: Senator Hassan Statement on Senate Republicans Passing Budget Bill to Take Away Health Care from Millions of Americans

    US Senate News:

    Source: United States Senator for New Hampshire Maggie Hassan
    WASHINGTON – U.S. Senator Maggie Hassan (D-NH) released the following statement after voting against the Republican budget bill that will take health care away from tens of thousands of Granite Staters, make massive cuts to health care, and explode the national debt by trillions of dollars in order to pay for tax giveaways for corporate special interests and billionaires: 
    “Today, Congressional Republicans and President Trump pushed through a budget bill that will hurt Granite Staters for generations to come. This bill takes health care away from tens of thousands of Granite Staters, raises health premiums and other costs on all Americans, and saddles our children and grandchildren with trillions in debt in order to pay for tax giveaways for corporate special interests and billionaires.  
    “From doctors in the North Country to seniors in Nashua, I’ve heard from countless Granite Staters about the devastating impact that this bill will have on our communities. And as this bill now heads to the House, I join the majority of Granite Staters and Americans urging Congressional Republicans to reverse course. 
    “What families need most right now is relief from the high cost of essentials. I’ve joined many of my colleagues in putting forward bipartisan proposals to cut taxes and lower costs for hardworking families and small businesses. But instead of working with us to make life more affordable, the President and Congressional Republicans have doubled down on this bill, which will mean that more people will get sick, our economy will be weakened, and families will be hurt.” 

    MIL OSI USA News –

  • MIL-OSI USA: Schatz Votes Against Republican Bill That Will Take Health Care Away From 16 Million Americans, Raise Health Care Costs, Cut Food Assistance

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    U.S. Senator Brian Schatz (D-Hawai‘i) today voted against a Republican tax bill that will kick more than 16 million Americans off of health insurance, raise monthly health care costs across the country, and slash nutritional assistance for those in need – all in order to cut taxes for the ultra-wealthy.

    “If enacted, the Republican tax bill will mean millions of people will lose health care coverage and everyone’s health care costs will go up. It’s worse than you think, but we can still stop it. The fight to kill this thing isn’t over yet. It’s up to all of us to keep doing whatever we can to make sure everyone knows just how terrible this bill really is,” said Senator Schatz. “Congress should be focused on lowering costs and improving people’s lives – this does the opposite.”

    The Republican tax bill will cut coverage through Med-QUEST for more than 40,000 people in Hawai‘i, gut food assistance programs that more than 20,000 Hawai‘i families rely on, and raise the national debt by $3.3 trillion. The bill now goes to the U.S. House of Representatives for consideration.

    MIL OSI USA News –

  • MIL-OSI USA: Schatz Votes Against Republican Bill That Will Take Health Care Away From 16 Million Americans, Raise Health Care Costs, Cut Food Assistance

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    U.S. Senator Brian Schatz (D-Hawai‘i) today voted against a Republican tax bill that will kick more than 16 million Americans off of health insurance, raise monthly health care costs across the country, and slash nutritional assistance for those in need – all in order to cut taxes for the ultra-wealthy.

    “If enacted, the Republican tax bill will mean millions of people will lose health care coverage and everyone’s health care costs will go up. It’s worse than you think, but we can still stop it. The fight to kill this thing isn’t over yet. It’s up to all of us to keep doing whatever we can to make sure everyone knows just how terrible this bill really is,” said Senator Schatz. “Congress should be focused on lowering costs and improving people’s lives – this does the opposite.”

    The Republican tax bill will cut coverage through Med-QUEST for more than 40,000 people in Hawai‘i, gut food assistance programs that more than 20,000 Hawai‘i families rely on, and raise the national debt by $3.3 trillion. The bill now goes to the U.S. House of Representatives for consideration.

    MIL OSI USA News –

  • MIL-OSI Banking: Industry Consultation on the Future of the Account-to-Account Payments System

    Source: Reserve Bank of Australia

    The Reserve Bank of Australia (RBA) and The Treasury welcome the release of a public consultation today by Australian Payments Network and Australian Payments Plus on the future of the account-to-account payments system.

    Formulating a clear vision for the account-to-account payments system that is consistent with public interest considerations is a foundational recommendation of the recent RBA Risk Assessment on the proposed decommissioning of the Bulk Electronic Clearing System.

    RBA Assistant Governor (Financial System) Brad Jones said: “The account-to-account system supports consumers, businesses and government agencies in their everyday economic activities. It is a vital part of Australia’s financial infrastructure. This consultation provides a broad range of stakeholders the chance to provide input into how the system can be modernised to meet the opportunities and challenges of the future, in the public interest.”

    To support the development of the vision, the RBA is publishing a paper outlining our public interest framework for the account-to-account payments system. Central to the success of the future system is its ability to provide all end users with access to payments options that are capable of meeting their needs, and that are cost-effective, reliable and safe. Achievement of these objectives will require effective industry governance arrangements, resilient infrastructure and competition and innovation among participants.

    Background

    Australian Payments Network (AusPayNet) is the self-regulatory body for the payments industry. It administers the framework for the Bulk Electronic Clearing System – Australia’s system for processing batch account-to-account payments, including payroll and welfare payments.

    Australian Payments Plus (AP+) is the provider of Australia’s fast payment system – the New Payments Platform – as well as the BPAY billing service.

    The consultation paper, and details about the submission process, can be accessed at either of the following locations:

    www.auspaynet.com.au/insights/consultations/A2Avision

    www.auspayplus.com.au/stakeholder-engagement/public-consultations

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Hundreds of thousands to get secure roof over their heads

    Source: United Kingdom – Executive Government & Departments

    Press release

    Hundreds of thousands to get secure roof over their heads

    Government sets out ambitions for a social rent revolution through the new £39 billion Social and Affordable Homes Programme.

    • Boost for families as plans are set out to transform housing over the next 10 years, with more social and affordable properties including council homes, building on our Plan for Change
    • Government sets ambition to deliver around 300,000 social and affordable homes through the new £39bn Social and Affordable Homes Programme, with at least 60% for social rent
    • Long-term certainty and stability for the sector delivered through Deputy PM’s five step plan, while standards for millions driven up
    • Major intervention package will drive the government’s Plan for Change mission to build 1.5 million homes and deliver the biggest boost to social and affordable housing in a generation

    Hundreds of thousands of social and affordable homes, including 60 per cent for social rent, will be built and standards will be driven up under plans by the Deputy Prime Minister to usher in a decade of housing renewal across the country.  

    This significant package of renewal will help deliver on our Plan for Change, unlock new jobs and turn the tide of the entrenched housing crisis, which has seen families and over 165,000 children stuck in temporary accommodation without the safe, secure and stable home they deserve.  

    That’s why the government is today setting an ambition to deliver around 300,000 new social and affordable homes, through the unprecedented £39 billion new Social and Affordable Homes Programme announced at the Spending Review. Through this, we are setting an ambitious target that at least 60% of homes will be for social rent which is linked to local incomes – achieving this would mean delivering around 180,000 homes for social rent. That is six times more than the decade up to 2024.  

    Alongside this, a long-term plan – Delivering a Decade of Renewal for Social and Affordable Housing – is being published today (Wednesday) to set out how the government will deliver the biggest boost to social and affordable housing in a generation, alongside driving up the safety and quality of homes.  

    Living standards for millions of social housing tenants will also be driven up under new plans to update and modernise the Decent Homes Standard, which will be extended to privately rented homes for the first time, and Minimum Energy Efficiency Standards will be implemented for the first time in the social housing sector.  

    Further measures set out in the plan includes transformative changes to Right to Buy and other measures to protect vital council housing stock, unlocking investment in new and existing social housing, and increasing overall standards alongside a rallying call for the sector to step up and deliver.  

    This significant package is the latest action the government is taking to deliver on the Plan for Change to build 1.5 million homes and drive-up living standards, which includes reforms to the National Planning Policy Framework, the landmark Planning and Infrastructure Bill and the recent announcement of a new publicly-owned National Housing Bank. This will further help to turn the tide on the housing crisis which has left over 165,000 children in temporary accommodation and locked a generation out of a secure home.

    Deputy Prime Minister and Housing Secretary Angela Rayner said:

    “We are seizing this golden opportunity with both hands to transform this country by building the social and affordable homes we need, so we create a brighter future where families aren’t trapped in temporary accommodation and young people are no longer locked out of a secure home.   

    “With investment and reform, this government is delivering the biggest boost to social and affordable housing in a generation, unleashing a social rent revolution, and embarking on a decade of renewal for social and affordable housing in this country.   

    “That’s why I am urging everyone in the social housing sector to step forward with us now to make this vision a reality, to work together to turn the tide on the housing crisis together and deliver the homes and living standards people deserve through our Plan for Change.”

    Since coming into office, the government has listened carefully to social housing providers and tenants. The new plan, published by the government today, reflects this engagement and builds on the investment strategy laid out at the Spending Review. 

    The five steps form the government’s plan to deliver the biggest boost to social and affordable housing in a generation, alongside a lasting change in the safety and quality of homes. 

    Each step builds on work already undertaken to bring stability to the sector, but the Plan also publicly signals to developers, councils, investors and to the public the government’s serious intent and ambition for social and affordable housing. It also gives providers the stability and certainty they need to be able to borrow and invest in both new and existing homes knowing the government has a comprehensive plan for the sector.

    The five steps are to:     

    1. Deliver the biggest boost to grant funding in a generation
    2. Rebuild the sector’s capacity to borrow and invest in new and existing supply
    3. Establish an effective and stable regulatory regime
    4. Reinvigorate council housebuilding
    5. Forge a renewed partnership with the sector to build at scale

    To deliver the housing the country needs, the government confirmed at the Spending Review a new 10-year £39 billion programme to kickstart building at scale.   

    Homes England – the government’s housing and regeneration agency – will be responsible for delivering the majority of the funding, with up to 30% of funding  – up to £11.7bn over the 10 years – being used to support housing delivery from the Greater London Authority in the capital.     

    The long-term nature of the Social and Affordable Homes Programme will also offer more certainty for developers to invest and effectively plan housebuilding for the future, compared to the previous five-year £12.3bn 2021-2026 Affordable Homes Programme.   

    The last five year 2021-26 programme averaged £2.3 billion per year – this means the government will be spending almost double this on affordable housing investment by the end of this Parliament (£4bn in 2029/30).  

    To achieve the ambition of delivering more social and affordable housing, the government is issuing a ‘call to arms’ to everyone with a role in social and affordable housing to prove they can deliver at scale and at pace. And as part of this effort, we will work with the sector in the coming months to agree a joint overall target on how many social and affordable homes can be delivered overall.  

    A new long-term 10-year settlement for social housing rents will be introduced from April 2026 to provide the social housing sector with the certainty they need to reinvest in existing and new housing stock.     

    The government is also publishing a consultation on how to implement a convergence measure, with options for this being capped at £1 or £2 per week– with a final decision to follow at this year’s Autumn Budget.    

    Further views will be sought on a new Decent Homes Standard which will modernise the standard, with proposals that hold tenant safety at their core but remain proportionate and affordable for providers to deliver. Views will also be sought on updating standards to make sure homes are warm and efficient through a Minimum Energy Efficiency Standard for the social rented sector. This is all alongside our work to implement Awaab’s Law – this government is prioritising safety as a first step.    

    The government has also set out a package of wider reforms to the Right to Buy scheme to protect vital housing stock and to enable councils to ramp up delivery of new homes. This follows the reduction in maximum cash discounts that was implemented in November 2024.    

    This package complements work already taking place to get Britain building including through the updated National Planning Policy Framework, the landmark Planning and Infrastructure Bill and a new National Housing Bank to get more spades in the ground.

    Minister for Energy Consumers Miatta Fahnbulleh said:

    “Everyone deserves to live in a warm, secure and affordable home, which is why we are setting out bold plans today to transform housing over the next decade.

    “This includes proposals to introduce an energy efficiency standard for social housing for the first time ever, helping tenants benefit from cheaper energy bills and more efficient homes.”

    Further information

    Using Live Table 1012 in Published MHCLG statistics,(Live_Table_1012.ods) the number of social rent completions funded by Homes England and the GLA between 2014-15 and 2023-24 was 28,634.

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Australia: Industry Consultation on the Future of the Account-to-Account Payments System

    Source: Airservices Australia

    The Reserve Bank of Australia (RBA) and The Treasury welcome the release of a public consultation today by Australian Payments Network and Australian Payments Plus on the future of the account-to-account payments system.

    Formulating a clear vision for the account-to-account payments system that is consistent with public interest considerations is a foundational recommendation of the recent RBA Risk Assessment on the proposed decommissioning of the Bulk Electronic Clearing System.

    RBA Assistant Governor (Financial System) Brad Jones said: “The account-to-account system supports consumers, businesses and government agencies in their everyday economic activities. It is a vital part of Australia’s financial infrastructure. This consultation provides a broad range of stakeholders the chance to provide input into how the system can be modernised to meet the opportunities and challenges of the future, in the public interest.”

    To support the development of the vision, the RBA is publishing a paper outlining our public interest framework for the account-to-account payments system. Central to the success of the future system is its ability to provide all end users with access to payments options that are capable of meeting their needs, and that are cost-effective, reliable and safe. Achievement of these objectives will require effective industry governance arrangements, resilient infrastructure and competition and innovation among participants.

    Background

    Australian Payments Network (AusPayNet) is the self-regulatory body for the payments industry. It administers the framework for the Bulk Electronic Clearing System – Australia’s system for processing batch account-to-account payments, including payroll and welfare payments.

    Australian Payments Plus (AP+) is the provider of Australia’s fast payment system – the New Payments Platform – as well as the BPAY billing service.

    The consultation paper, and details about the submission process, can be accessed at either of the following locations:

    www.auspaynet.com.au/insights/consultations/A2Avision

    www.auspayplus.com.au/stakeholder-engagement/public-consultations

    MIL OSI News –

  • MIL-OSI USA: TOMORROW: Governor Newsom to announce $750 million tax credit for film and TV made in California

    Source: US State of California Governor

    Jul 1, 2025

    LOS ANGELES COUNTY — Governor Gavin Newsom will announce a $750 million film and TV tax credit, boosting one of California’s hallmark industries, Los Angeles’ local economy, and thousands of industry jobs.

    WHEN: Wednesday, July 2, at approximately 10:45 a.m.

    LIVESTREAM: Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

    NOTE: This in-person press event will be open to credentialed media only. Media interested in attending must RSVP by clicking here no later than 9 a.m., July 2. Location information will be provided upon confirmation.

    Recent news

    Jul 1, 2025

    News What you need to know: After weeks of pressure from Governor Newsom, President Trump finally allowed California’s wildfire crews to return to the frontlines — but nearly 5,000 soldiers, including California National Guard members, remain sidelined in Los Angeles,…

    Jul 1, 2025

    News What you need to know: California has invested billions of dollars to fight fires and treated millions of acres to reduce wildfire risk, while the Trump administration continues to cut resources and neglect its responsibility to manage the 57% of the state’s…

    Jun 30, 2025

    News PLACER COUNTY — As California enters peak fire season, Governor Gavin Newsom will make an announcement with the potential to help prevent wildfires on over half of forest lands in the state.WHEN: Tuesday, July 1, at approximately 10 a.m.LIVESTREAM: Governor’s…

    MIL OSI USA News –

  • MIL-OSI: BitMart Research—Reframing the On-Chain Narrative: What New Story Is Base Telling?

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 01, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive analysis on the resurgence of the Base ecosystem, highlighting its explosive growth, evolving narratives, and rising institutional alignment. As daily active addresses, TVL, and transaction volumes reach new highs, Base is rapidly transitioning from a speculative L2 to a foundational layer for compliant, on-chain financial and content infrastructure. With support from Coinbase’s strategic initiatives and breakout projects like Virtual and Kaito redefining launch dynamics and the attention economy, Base is emerging as a pivotal force in bridging traditional finance and Web3 innovation.

    1. Recent Developments in the Base Ecosystem

    Since the end of May 2025, Base has entered a clear period of ecological “explosion.” Key metrics such as daily active addresses, total value locked (TVL), and daily transaction count have surged significantly. The main driver behind this explosive growth is the emergence of multiple trending narratives within the Base ecosystem, each generating waves of market hype and drawing substantial attention.

    From a macro perspective, the recent IPO of Circle has sparked renewed investor optimism around the concept of stablecoins in global equity markets. This optimism, especially amid expectations of a more favorable regulatory environment, has positioned Base as an increasingly attractive option for traditional institutions.

    • User Growth: The number of active addresses has grown exponentially, recently hitting a record high of 3.6 million.
    • TVL Surge: Base’s total value locked climbed from $2.8 billion in early May to a peak of nearly $4 billion, matching its bull market highs in 2024.
    • On-Chain Activity: Since May, daily on-chain transactions have averaged nearly 9 million, reaching the peak levels of the 2024 bull cycle.

    2. Trending Projects in the Base Ecosystem


    Virtual: Pump.fun + Bn Alpha-Style Launch Mechanism Sparks Market Frenzy

    Among the many trending projects in the Base ecosystem, Virtual has undoubtedly become one of the most closely watched by the market. Leveraging an innovative token launch mechanism, it has rapidly attracted a large influx of capital and users, emerging as the flagship project in Base’s ongoing “launch narrative.” The price of VIRTUAL rose from $0.50 in mid-April to a peak of $2.50 in early June—a 400% gain.

    The key advantages of Virtual’s launch model include:

    • Ultra-low fundraising price: Each new project raises funding based on a fixed valuation of 42,425 VIRTUAL (approximately $224,000), allowing users to participate at extremely low entry prices. This creates substantial profit potential once the token goes live.
    • Linear token vesting: Unlike MEME launches on Pump.fun, tokens in Virtual’s launchpad projects are not fully unlocked at listing. Instead, they follow a transparent vesting model similar to VC-backed tokens, with tokens released in tranches. Moreover, to prevent immediate sell-offs by project teams, all raised funds are injected directly into the initial liquidity pool rather than handed over to the team.
    • Low participation risk: If a launch fails to meet its fundraising target, users receive a full refund. Additionally, Virtual only features a few new launches per day, meaning the overall project quality tends to be higher than most MEME tokens—making user participation relatively low-risk.
    • Reduced rug-pull potential: Virtual imposes a 1% trading fee, 70% of which is returned to the project team. This incentivizes teams to focus on increasing trading volume rather than cashing out quickly, creating a more sustainable ecosystem loop.

    However, as the platform gained popularity, early users frequently adopted a strategy of selling immediately after token launch to capture short-term gains. This behavior led to heavy selling pressure on new projects, undermining overall ecosystem stability. In response, Virtual introduced a “Green Lock” mechanism in mid-June, imposing a mandatory lock-up period on token allocations for launch participants. During this period, users are prohibited from selling their tokens; violating this rule results in a suspension of points accumulation.

    While this mechanism helps curb early dumping and extends project lifespans, it also significantly alters the speculative logic that drove initial enthusiasm. Users now face longer profit cycles and lower capital efficiency, leading to a temporary cooling of market sentiment. Since mid-June, the price of VIRTUAL has entered a downward trend, falling from its peak to $1.69—a decline of over 37%.

    Kaito: The Leading Project in the Attention Economy

    Kaito stands as the leading project in the emerging “Information Finance” (InfoFi) sector. Since May, its token price has surged from $0.79 to a peak of $2.41, marking an increase of nearly 205%.

    At the core of Kaito’s appeal is its Yaps module, which tokenizes user attention by rewarding those who post content on X (formerly Twitter). By incentivizing high-quality content creation around trending projects—such as Berachain, Monad, and Initia—Kaito has built a Web3-native content-driven influence model. This mechanism has significantly boosted community engagement. Coupled with weekly airdrops and leaderboard rewards, users are empowered to both “speak” and “monetize,” attracting a growing number of content creators and thought leaders. This dynamic has played a key role in driving the growth of social and narrative-driven content on the Base network.

    3. Coinbase and the Future Trajectory of Base

    In June 2025, the U.S. Senate passed the GENIUS Stablecoin Act, establishing a formal legal framework for USD-backed stablecoins. This marked the first time that regulatory authorities legally recognized digital assets’ compliance status. Against this backdrop, Coinbase, as a fully compliant U.S.-based exchange, has launched a three-pronged strategic layout around Base:

    1. Enabling Regulated On-Chain Asset Access — Bridging Coinbase Balances to Base

    Coinbase is currently deepening the integration between its centralized trading platform and the Base chain. It has rolled out the Verified Pools feature, allowing KYC-verified users to interact directly with Base dApps using their Coinbase account balances—eliminating the need to switch wallets or perform manual on-chain transfers.

    Uniswap and Aerodrome have already been announced as the primary DEXs supporting this integration. Although the feature remains in its early stages, it aligns with the broader trend of centralized exchanges moving toward on-chain/off-chain convergence.

    2. Building a Compliant Stablecoin Ecosystem with Traditional Finance — Tokenizing Fiat On-Chain

    Following the establishment of an access gateway, Coinbase has partnered with Wall Street giants—including JPMorgan Chase—to pilot the issuance of compliant stablecoins and deposit tokens (e.g., JPMD) on Base. These assets are fully custodied by regulated banks and come with traditional financial benefits such as interest accrual, legal protections, and deposit insurance.

    This initiative goes beyond simply putting USD on-chain—it represents the digitization of traditional financial system infrastructure, positioning Base as a core ledger layer for real-world finance in the Web3 ecosystem.

    3. Building a Diverse On-Chain Ecosystem — Creating Real Use Cases for On-Chain Dollars

    To strengthen actual demand for on-chain USD, Coinbase is simultaneously expanding the Base ecosystem with a wide array of applications:

    • On-Chain U.S. Stock Trading: Coinbase is seeking SEC approval to tokenize U.S. equities, planning to launch products that allow trading of Apple, Tesla, and other stocks directly on-chain—removing geographical barriers from traditional markets.
    • Collaboration with Circle: The launch of Circle Payments Network (CPN) provides USDC with robust clearing infrastructure. As the leading stablecoin on Base, USDC will support DeFi, RWA, and cross-border payment applications—positioning Base as a key hub for compliant blockchain finance.
    • Global Crypto Payments: Coinbase is working with Shopify and Stripe to integrate USDC into e-commerce checkout systems, expanding the real-world use of stablecoins in cross-border settlements.
    • Compliant DeFi and On-Chain Lending: Protocols such as Aerodrome, Uniswap, and Spark are being guided toward KYC-enabled, compliant operations, offering secure and auditable services in trading and lending for both institutions and retail users.
    • AI Agents and InfoFi Applications: New on-chain innovations like AI Agents and attention economy platforms (e.g., Kaito) are being explored to attract traditional users into emerging crypto-native interaction models.

    Through this multi-layered strategy, Coinbase is not only building a regulated on-chain asset highway, but also constructing a value loop for USD stablecoins—from fiat onboarding and token issuance to liquidity, circulation, and real-world application.

    High-Potential Projects in the Base Ecosystem

    • Aerodrome: As the flagship DEX on Base and a key partner in Coinbase’s integration plan, Aerodrome is well-positioned to benefit from stable institutional liquidity flows. This will likely boost trading volume, TVL, and protocol revenues. Holders of AERO tokens stand to gain from enhanced fee-sharing and staking yields, reinforcing user participation in governance.
    • Uniswap: Similarly, Uniswap—another DEX integrated by Coinbase—will gain increased on-chain liquidity and potential platform revenue, thereby enhancing the value proposition of its UNI token.
    • Keeta: A high-performance RWA-focused chain claiming millions of TPS and sub-second confirmation times. Backed by investors including former Google CEO Eric Schmidt, Keeta has already validated its performance through independent stress testing. Despite significant token price corrections, it is expected to collaborate with Base on compliant RWA integration.
    • Creator Bid: In partnership with Kaito, Creator Bid launched version 2.0 with new features such as staking-based launches, increasing user engagement and expanding creator economy models. The platform’s BID token recently reached a historical market cap of $150 million, showing early signs of traction. Similar to Virtual’s early-stage momentum, Creator Bid is poised for continued growth as it iterates.
    • Upside: The first socially driven prediction market on Base. Users can tokenize X/Twitter posts, articles, and videos, and use USDC to vote and trade on them. Currently in its second test season with ~20,000 followers on X, the platform has not yet issued a token, but its unique blend of prediction and content mechanics gives it strong potential to become a liquid and narrative-rich application on Base.

    Conclusion

    Base is undergoing a transformation—from being merely a “high-activity trading L2” into a structurally complete financial and content infrastructure on-chain. From innovation-driven projects like Virtual and Kaito, to Coinbase’s efforts in building a robust USD-denominated ecosystem, the narrative of Base is evolving.

    While short-term hype cycles may cool and speculative behaviors persist, Base’s long-term strength lies in its consistent storytelling and institutional alignment. It is increasingly poised to serve as a bridge between traditional capital and Web3, making it not just a rotating narrative hotspot, but a vital reference point for tracking the crypto industry’s broader shift toward compliance, financialization, and utility.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

  • MIL-OSI: BitMart Research—Reframing the On-Chain Narrative: What New Story Is Base Telling?

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 01, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive analysis on the resurgence of the Base ecosystem, highlighting its explosive growth, evolving narratives, and rising institutional alignment. As daily active addresses, TVL, and transaction volumes reach new highs, Base is rapidly transitioning from a speculative L2 to a foundational layer for compliant, on-chain financial and content infrastructure. With support from Coinbase’s strategic initiatives and breakout projects like Virtual and Kaito redefining launch dynamics and the attention economy, Base is emerging as a pivotal force in bridging traditional finance and Web3 innovation.

    1. Recent Developments in the Base Ecosystem

    Since the end of May 2025, Base has entered a clear period of ecological “explosion.” Key metrics such as daily active addresses, total value locked (TVL), and daily transaction count have surged significantly. The main driver behind this explosive growth is the emergence of multiple trending narratives within the Base ecosystem, each generating waves of market hype and drawing substantial attention.

    From a macro perspective, the recent IPO of Circle has sparked renewed investor optimism around the concept of stablecoins in global equity markets. This optimism, especially amid expectations of a more favorable regulatory environment, has positioned Base as an increasingly attractive option for traditional institutions.

    • User Growth: The number of active addresses has grown exponentially, recently hitting a record high of 3.6 million.
    • TVL Surge: Base’s total value locked climbed from $2.8 billion in early May to a peak of nearly $4 billion, matching its bull market highs in 2024.
    • On-Chain Activity: Since May, daily on-chain transactions have averaged nearly 9 million, reaching the peak levels of the 2024 bull cycle.

    2. Trending Projects in the Base Ecosystem


    Virtual: Pump.fun + Bn Alpha-Style Launch Mechanism Sparks Market Frenzy

    Among the many trending projects in the Base ecosystem, Virtual has undoubtedly become one of the most closely watched by the market. Leveraging an innovative token launch mechanism, it has rapidly attracted a large influx of capital and users, emerging as the flagship project in Base’s ongoing “launch narrative.” The price of VIRTUAL rose from $0.50 in mid-April to a peak of $2.50 in early June—a 400% gain.

    The key advantages of Virtual’s launch model include:

    • Ultra-low fundraising price: Each new project raises funding based on a fixed valuation of 42,425 VIRTUAL (approximately $224,000), allowing users to participate at extremely low entry prices. This creates substantial profit potential once the token goes live.
    • Linear token vesting: Unlike MEME launches on Pump.fun, tokens in Virtual’s launchpad projects are not fully unlocked at listing. Instead, they follow a transparent vesting model similar to VC-backed tokens, with tokens released in tranches. Moreover, to prevent immediate sell-offs by project teams, all raised funds are injected directly into the initial liquidity pool rather than handed over to the team.
    • Low participation risk: If a launch fails to meet its fundraising target, users receive a full refund. Additionally, Virtual only features a few new launches per day, meaning the overall project quality tends to be higher than most MEME tokens—making user participation relatively low-risk.
    • Reduced rug-pull potential: Virtual imposes a 1% trading fee, 70% of which is returned to the project team. This incentivizes teams to focus on increasing trading volume rather than cashing out quickly, creating a more sustainable ecosystem loop.

    However, as the platform gained popularity, early users frequently adopted a strategy of selling immediately after token launch to capture short-term gains. This behavior led to heavy selling pressure on new projects, undermining overall ecosystem stability. In response, Virtual introduced a “Green Lock” mechanism in mid-June, imposing a mandatory lock-up period on token allocations for launch participants. During this period, users are prohibited from selling their tokens; violating this rule results in a suspension of points accumulation.

    While this mechanism helps curb early dumping and extends project lifespans, it also significantly alters the speculative logic that drove initial enthusiasm. Users now face longer profit cycles and lower capital efficiency, leading to a temporary cooling of market sentiment. Since mid-June, the price of VIRTUAL has entered a downward trend, falling from its peak to $1.69—a decline of over 37%.

    Kaito: The Leading Project in the Attention Economy

    Kaito stands as the leading project in the emerging “Information Finance” (InfoFi) sector. Since May, its token price has surged from $0.79 to a peak of $2.41, marking an increase of nearly 205%.

    At the core of Kaito’s appeal is its Yaps module, which tokenizes user attention by rewarding those who post content on X (formerly Twitter). By incentivizing high-quality content creation around trending projects—such as Berachain, Monad, and Initia—Kaito has built a Web3-native content-driven influence model. This mechanism has significantly boosted community engagement. Coupled with weekly airdrops and leaderboard rewards, users are empowered to both “speak” and “monetize,” attracting a growing number of content creators and thought leaders. This dynamic has played a key role in driving the growth of social and narrative-driven content on the Base network.

    3. Coinbase and the Future Trajectory of Base

    In June 2025, the U.S. Senate passed the GENIUS Stablecoin Act, establishing a formal legal framework for USD-backed stablecoins. This marked the first time that regulatory authorities legally recognized digital assets’ compliance status. Against this backdrop, Coinbase, as a fully compliant U.S.-based exchange, has launched a three-pronged strategic layout around Base:

    1. Enabling Regulated On-Chain Asset Access — Bridging Coinbase Balances to Base

    Coinbase is currently deepening the integration between its centralized trading platform and the Base chain. It has rolled out the Verified Pools feature, allowing KYC-verified users to interact directly with Base dApps using their Coinbase account balances—eliminating the need to switch wallets or perform manual on-chain transfers.

    Uniswap and Aerodrome have already been announced as the primary DEXs supporting this integration. Although the feature remains in its early stages, it aligns with the broader trend of centralized exchanges moving toward on-chain/off-chain convergence.

    2. Building a Compliant Stablecoin Ecosystem with Traditional Finance — Tokenizing Fiat On-Chain

    Following the establishment of an access gateway, Coinbase has partnered with Wall Street giants—including JPMorgan Chase—to pilot the issuance of compliant stablecoins and deposit tokens (e.g., JPMD) on Base. These assets are fully custodied by regulated banks and come with traditional financial benefits such as interest accrual, legal protections, and deposit insurance.

    This initiative goes beyond simply putting USD on-chain—it represents the digitization of traditional financial system infrastructure, positioning Base as a core ledger layer for real-world finance in the Web3 ecosystem.

    3. Building a Diverse On-Chain Ecosystem — Creating Real Use Cases for On-Chain Dollars

    To strengthen actual demand for on-chain USD, Coinbase is simultaneously expanding the Base ecosystem with a wide array of applications:

    • On-Chain U.S. Stock Trading: Coinbase is seeking SEC approval to tokenize U.S. equities, planning to launch products that allow trading of Apple, Tesla, and other stocks directly on-chain—removing geographical barriers from traditional markets.
    • Collaboration with Circle: The launch of Circle Payments Network (CPN) provides USDC with robust clearing infrastructure. As the leading stablecoin on Base, USDC will support DeFi, RWA, and cross-border payment applications—positioning Base as a key hub for compliant blockchain finance.
    • Global Crypto Payments: Coinbase is working with Shopify and Stripe to integrate USDC into e-commerce checkout systems, expanding the real-world use of stablecoins in cross-border settlements.
    • Compliant DeFi and On-Chain Lending: Protocols such as Aerodrome, Uniswap, and Spark are being guided toward KYC-enabled, compliant operations, offering secure and auditable services in trading and lending for both institutions and retail users.
    • AI Agents and InfoFi Applications: New on-chain innovations like AI Agents and attention economy platforms (e.g., Kaito) are being explored to attract traditional users into emerging crypto-native interaction models.

    Through this multi-layered strategy, Coinbase is not only building a regulated on-chain asset highway, but also constructing a value loop for USD stablecoins—from fiat onboarding and token issuance to liquidity, circulation, and real-world application.

    High-Potential Projects in the Base Ecosystem

    • Aerodrome: As the flagship DEX on Base and a key partner in Coinbase’s integration plan, Aerodrome is well-positioned to benefit from stable institutional liquidity flows. This will likely boost trading volume, TVL, and protocol revenues. Holders of AERO tokens stand to gain from enhanced fee-sharing and staking yields, reinforcing user participation in governance.
    • Uniswap: Similarly, Uniswap—another DEX integrated by Coinbase—will gain increased on-chain liquidity and potential platform revenue, thereby enhancing the value proposition of its UNI token.
    • Keeta: A high-performance RWA-focused chain claiming millions of TPS and sub-second confirmation times. Backed by investors including former Google CEO Eric Schmidt, Keeta has already validated its performance through independent stress testing. Despite significant token price corrections, it is expected to collaborate with Base on compliant RWA integration.
    • Creator Bid: In partnership with Kaito, Creator Bid launched version 2.0 with new features such as staking-based launches, increasing user engagement and expanding creator economy models. The platform’s BID token recently reached a historical market cap of $150 million, showing early signs of traction. Similar to Virtual’s early-stage momentum, Creator Bid is poised for continued growth as it iterates.
    • Upside: The first socially driven prediction market on Base. Users can tokenize X/Twitter posts, articles, and videos, and use USDC to vote and trade on them. Currently in its second test season with ~20,000 followers on X, the platform has not yet issued a token, but its unique blend of prediction and content mechanics gives it strong potential to become a liquid and narrative-rich application on Base.

    Conclusion

    Base is undergoing a transformation—from being merely a “high-activity trading L2” into a structurally complete financial and content infrastructure on-chain. From innovation-driven projects like Virtual and Kaito, to Coinbase’s efforts in building a robust USD-denominated ecosystem, the narrative of Base is evolving.

    While short-term hype cycles may cool and speculative behaviors persist, Base’s long-term strength lies in its consistent storytelling and institutional alignment. It is increasingly poised to serve as a bridge between traditional capital and Web3, making it not just a rotating narrative hotspot, but a vital reference point for tracking the crypto industry’s broader shift toward compliance, financialization, and utility.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of June 30, 2025.

    As of June 30, 2025, the Company’s net assets were $2.4 billion, and its net asset value per share was $14.10. As of June 30, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 714% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 521%.

    STATEMENT OF ASSETS AND LIABILITIES
    JUNE 30, 2025   // (UNAUDITED)    
     
        (in millions)
    Investments   $ 3,279.5  
    Cash and cash equivalents     6.0  
    Accrued income     2.8  
    Other assets     0.8  
    Total assets     3,289.1  
         
    Credit facility     45.0  
    Notes     368.2  
    Unamortized notes issuance costs     (2.5 )
    Preferred stock     153.6  
    Unamortized preferred stock issuance costs     (1.1 )
    Total leverage     563.2  
         
    Other liabilities     9.9  
    Current tax liability, net     12.6  
    Deferred tax liability, net     319.1  
    Total liabilities     341.6  
         
    Net assets   $ 2,384.3  
         
     

    The Company had 169,126,038 common shares outstanding as of June 30, 2025.

    Long-term investments were comprised of Midstream Energy Companies (94%), Power Infrastructure (3%) and Other (3%).

    The Company’s ten largest holdings by issuer at June 30, 2025 were:

          Amount
    (in millions)*    		 % Long Term
    Investments
    1. The Williams Companies, Inc. (Midstream Energy Company)     $373.3   11.4 %
    2. Energy Transfer LP (Midstream Energy Company)     331.3   10.1 %
    3. Enterprise Products Partners L.P. (Midstream Energy Company)     315.6   9.6 %
    4. MPLX LP (Midstream Energy Company)     311.7   9.5 %
    5. Cheniere Energy, Inc. (Midstream Energy Company)               274.2   8.4 %
    6. Kinder Morgan, Inc. (Midstream Energy Company)     225.9   6.9 %
    7. ONEOK, Inc. (Midstream Energy Company)                    215.4   6.6 %
    8. Targa Resources Corp. (Midstream Energy Company)     168.1   5.1 %
    9. TC Energy Corporation (Midstream Energy Company)     164.1   5.0 %
    10. Western Midstream Partners, LP (Midstream Energy Company)     109.9   3.3 %
                   
    * Includes ownership of equity and debt investments
                   

    Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly or annual report for a description of these investment categories and the meaning of capitalized terms.

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Intolerance Displayed Once Again Towards Orange Culture, and the Responsibility Does Not Lie Solely with the Perpetrators

    Source: Traditional Unionist Voice – Northern Ireland

    Statement from TUV deputy leader Court councillor Ron McDowell:
    “Attacks on Orange parades have been reported tonight in multiple locations across the city, both verbal and physical in nature.
    “The lodge I have been a member of for many years came under both verbal abuse and physical harassment on Royal Avenue. Similar reports are coming in from other areas as well.
    “Tonight, I raise a question regarding what appears to be a hierarchy of victims in Northern Ireland.
    “This kind of intolerance is nothing new. Anyone who has been a member of the Loyal Orders for any length of time will have their own experiences to share. But tonight I ask, where is our equality compared to other sections of society? The PSNI historically make no arrests. Tonight they are commended as they reacted appropriately and three individuals were seen to be detained. When we are targeted by youths while parading in the city centre,  we are generally expected to dismiss this as nothing more than “unruly behaviour”.
    “Imagine if Unionist politicians had said the same in Ballymena during the recent trouble.
    “The media also shows a clear imbalance when reporting on Unionist communities. When it comes to crimes affecting migrant or LGBT individuals, their stories are rightly highlighted. Yet when it happens to us, it feels like no one cares.
    “Consider the council’s response. When threats were made to the GAA, the council sprang into action and allocated thousands of pounds to their clubs for safeguarding measures. I make no criticism of those individual actions by the council, the PSNI, or the media, but I ask, where is the same support and protection for my identity?
    “Where is our policing and protection when we compare Londonderry’s republican riots with the events in Ballymena?
    “Where is the support when Orange Halls, still among the most attacked buildings in Belfast, are vandalised time and again?
    “Ignore our community, and you will have to deal with the fallout. Parity is not too much to ask.”

    MIL OSI United Kingdom –