Category: Economy

  • MIL-OSI Security: Justice Department Announces Coordinated, Nationwide Actions to Combat North Korean Remote Information Technology Workers’ Illicit Revenue Generation Schemes

    Source: United States Attorneys General

    Law Enforcement Actions Across 16 States Result in Charges, Arrest, and Seizures of 29 Financial Accounts, 21 Fraudulent Websites, and Approximately 200 Computers

    The Justice Department announced today coordinated actions against the Democratic People’s Republic of North Korea (DPRK) government’s schemes to fund its regime through remote information technology (IT) work for U.S. companies. These actions include two indictments, an arrest, searches of 29 known or suspected “laptop farms” across 16 states, and the seizure of 29 financial accounts used to launder illicit funds and 21 fraudulent websites.

    According to court documents, the schemes involve North Korean individuals fraudulently obtaining employment with U.S. companies as remote IT workers, using stolen and fake identities. The North Korean actors were assisted by individuals in the United States, China, United Arab Emirates, and Taiwan, and successfully obtained employment with more than 100 U.S. companies.

    As alleged in court documents, certain U.S.-based individuals enabled one of the schemes by creating front companies and fraudulent websites to promote the bona fides of the remote IT workers, and hosted laptop farms where the remote North Korean IT workers could remote access into U.S. victim company-provided laptop computers. Once employed, the North Korean IT workers received regular salary payments, and they gained access to, and in some cases stole, sensitive employer information such as export controlled U.S. military technology and virtual currency. In another scheme, North Korean IT workers used false or fraudulently obtained identities to gain employment with an Atlanta, Georgia-based blockchain research and development company and stole virtual currency worth approximately over $900,000.

    “These schemes target and steal from U.S. companies and are designed to evade sanctions and fund the North Korean regime’s illicit programs, including its weapons programs,” said Assistant Attorney General John A. Eisenberg of the Department’s National Security Division. “The Justice Department, along with our law enforcement, private sector, and international partners, will persistently pursue and dismantle these cyber-enabled revenue generation networks.”

    “North Korean IT workers defraud American companies and steal the identities of private citizens, all in support of the North Korean regime,” said Assistant Director Brett Leatherman of FBI’s Cyber Division. “That is why the FBI and our partners continue to work together to disrupt infrastructure, seize revenue, indict overseas IT workers, and arrest their enablers in the United States. Let the actions announced today serve as a warning: if you host laptop farms for the benefit of North Korean actors, law enforcement will be waiting for you.”

    “North Korea remains intent on funding its weapons programs by defrauding U.S. companies and exploiting American victims of identity theft, but the FBI is equally intent on disrupting this massive campaign and bringing its perpetrators to justice,” said Assistant Director Roman Rozhavsky of the FBI Counterintelligence Division. “North Korean IT workers posing as U.S. citizens fraudulently obtained employment with American businesses so they could funnel hundreds of millions of dollars to North Korea’s authoritarian regime. The FBI will do everything in our power to defend the homeland and protect Americans from being victimized by the North Korean government, and we ask all U.S. companies that employ remote workers to remain vigilant to this sophisticated threat.”

    Zhenxing Wang, et al. Indictment, Seizure Warrants, and Arrest – District of Massachusetts

    Today, the United States Attorney’s Office for the District of Massachusetts and the National Security Division announced the arrest of U.S. national Zhenxing “Danny” Wang of New Jersey pursuant to a five-count indictment. The indictment describes a multi-year fraud scheme by Wang and his co-conspirators to obtain remote IT work with U.S. companies that generated more than $5 million in revenue. The indictment also charges Chinese nationals Jing Bin Huang (靖斌 黄), Baoyu Zhou (周宝玉), Tong Yuze (佟雨泽), Yongzhe Xu (徐勇哲 andيونجزهي أكسو), Ziyou Yuan (زيو) and Zhenbang Zhou (周震邦), and Taiwanese nationals Mengting Liu (劉 孟婷) and Enchia Liu (刘恩) for their roles in the scheme. 

    “The threat posed by DPRK operatives is both real and immediate. Thousands of North Korean cyber operatives have been trained and deployed by the regime to blend into the global digital workforce and systematically target U.S. companies,” said U.S. Attorney Leah B. Foley for the District of Massachusetts. “We will continue to work relentlessly to protect U.S. businesses and ensure they are not inadvertently fueling the DPRK’s unlawful and dangerous ambitions.”

    According to the indictment, from approximately 2021 until October 2024, the defendants and other co-conspirators compromised the identities of more than 80 U.S. persons to obtain remote jobs at more than 100 U.S. companies, including many Fortune 500 companies, and caused U.S. victim companies to incur legal fees, computer network remediation costs, and other damages and losses of at least $3 million. Overseas IT workers were assisted by Kejia Wang, Zhenxing Wang, and at least four other identified U.S. facilitators. Kejia Wang, for example, communicated with overseas co-conspirators and IT workers, and traveled to Shenyang and Dandong, China, including in 2023, to meet with them about the scheme. To deceive U.S. companies into believing the IT workers were located in the United States, Kejia Wang, Zhenxing Wang, and the other U.S. facilitators received and/or hosted laptops belonging to U.S. companies at their residences, and enabled overseas IT workers to access the laptops remotely by, among other things, connecting the laptops to hardware devices designed to allow for remote access (referred to as keyboard-video-mouse or “KVM” switches).

    Kejia Wang and Zhenxing Wang also created shell companies with corresponding websites and financial accounts, including Hopana Tech LLC, Tony WKJ LLC, and Independent Lab LLC, to make it appear as though the overseas IT workers were affiliated with legitimate U.S. businesses. Kejia Wang and Zhenxing Wang established these and other financial accounts to receive money from victimized U.S. companies, much of which was subsequently transferred to overseas co‑conspirators. In exchange for their services, Kejia Wang, Zhenxing Wang, and the four other U.S. facilitators received a total of at least $696,000 from the IT workers.

    IT workers employed under this scheme also gained access to sensitive employer data and source code, including International Traffic in Arms Regulations (ITAR) data from a California-based defense contractor that develops artificial intelligence-powered equipment and technologies. Specifically, between on or about Jan. 19, 2024, and on or about April 2, 2024, an overseas co-conspirator remotely accessed without authorization the company’s laptop and computer files  containing technical data and other information. The stolen data included information marked as being controlled under the ITAR.

    Simultaneously with today’s announcement, the FBI and Defense Criminal Investigative Service (DCIS) seized 17 web domains used in furtherance of the charged scheme and further seized 29 financial accounts, holding tens of thousands of dollars in funds, used to launder revenue for the North Korean regime through the remote IT work scheme.

    Previously, in October 2024, as part of this investigation, federal law enforcement executed searches at eight locations across three states that resulted in the recovery of more than 70 laptops and remote access devices, such as KVMs. Simultaneously with that action, the FBI seized four web domains associated with Kejia Wang’s and Zhenxing Wang’s shell companies used to facilitate North Korean IT work.

    The FBI Las Vegas Field Office, DCIS San Diego Resident Agency, and Homeland Security Investigations San Diego Field Office are investigating the case.

    Assistant U.S. Attorney Jason Casey for the District of Massachusetts and Trial Attorney Gregory J. Nicosia, Jr. of the National Security Division’s National Security Cyber Section are prosecuting the case, with significant assistance from Legal Assistants Daniel Boucher and Margaret Coppes. Valuable assistance was also provided by Mark A. Murphy of the National Security Division’s Counterintelligence and Export Control Section and the U.S. Attorneys’ Offices for the District of New Jersey, Eastern District of New York, and Southern District of California.

    Kim Kwang Jin et al. Indictment – Northern District of Georgia

    Today, the Northern District of Georgia unsealed a five-count wire fraud and money laundering indictment charging four North Korean nationals, Kim Kwang Jin (김관진), Kang Tae Bok (강태복), Jong Pong Ju (정봉주) and Chang Nam Il (창남일), with a scheme to steal virtual currency from two companies, valued at over $900,000 at the time of the thefts, and to launder proceeds of those thefts. The defendants remain at large and wanted by the FBI.

    “The defendants used fake and stolen personal identities to conceal their North Korean nationality, pose as remote IT workers, and exploit their victims’ trust to steal hundreds of thousands of dollars,” said U.S. Attorney Theodore S. Hertzberg for the Northern District of Georgia. “This indictment highlights the unique threat North Korea poses to companies that hire remote IT workers and underscores our resolve to prosecute any actor, in the United States or abroad, who steals from Georgia businesses.”

    According to the indictment, the defendants traveled to the United Arab Emirates on North Korean travel documents and worked as a co-located team. In approximately December 2020 and May 2021, respectively, Kim Kwang Jin (using victim P.S.’s stolen identity) and Jong Pong Ju (using the alias “Bryan Cho”) were hired by a blockchain research and development company headquartered in Atlanta, Georgia, and a virtual token company based in Serbia. Both defendants concealed their North Korean identities from their employers by providing false identification documents containing a mix of stolen and fraudulent identity information. Neither company would have hired Kim Kwang Jin and Jong Pong Ju had they known that they were North Korean citizens. Later, on a recommendation from Jong Pong Ju, the Serbian company hired “Peter Xiao,” who in fact was Chang Nam Il.

    After gaining their employers’ trust, Kim Kwang Jin and Jong Pong Ju were assigned projects that provided them access to their employers’ virtual currency assets. In February 2022, Jong Pong Ju used that access to steal virtual currency worth approximately $175,000 at the time of the theft, sending it to a virtual currency address he controlled. In March 2022, Kim Kwang Jin stole virtual currency worth approximately $740,000 at the time of theft by modifying the source code of two of his employer’s smart contracts, then sending it to a virtual currency address he controlled.

    To launder the funds after the thefts, Kim Kwang Jin and Jong Pong Ju “mixed” the stolen funds using the virtual currency mixer Tornado Cash and then transferred the funds to virtual currency exchange accounts controlled by defendants Kang Tae Bok and Chang Nam Il but held in the name of aliases. These accounts were opened using fraudulent Malaysian identification documents.

    The FBI Atlanta Field Office is investigating the case.

    Assistant U.S. Attorneys Samir Kaushal and Alex Sistla for the Northern District of Georgia and Trial Attorney Jacques Singer-Emery of the National Security Division’s National Security Cyber Section are prosecuting the case.

    21 Searches of Known or Suspected U.S.-based Laptop Farms – Multi-District

    Between June 10 and June 17, 2025, the FBI executed searches of 21 premises across 14 states hosting known and suspected laptop farms. These actions, coordinated by the FBI Denver Field Office, related to investigations of North Korean remote IT worker schemes being conducted by the U.S. Attorneys’ Offices of the District of Colorado, Eastern District of Missouri, and Northern District of Texas. In total, the FBI seized approximately 137 laptops.

    Valuable assistance was provided by the U.S. Attorney’s Offices for the District of Connecticut, the Eastern District of Michigan, the Eastern District of Wisconsin, the Middle District of Florida, the Northern District of Georgia, the Northern District of Illinois, the Northern District of Indiana, the District of Oregon, the Southern District of Florida, the Southern District of Ohio, the Western District of New York, and the Western District of Pennsylvania.

    ***

    The Department’s actions to combat these schemes are the latest in a series of law enforcement actions under a joint National Security Division and FBI Cyber and Counterintelligence Divisions effort, the DPRK RevGen: Domestic Enabler Initiative. This effort prioritizes targeting and disrupting the DPRK’s illicit revenue generation schemes and its U.S.-based enablers. The Department previously announced other actions pursuant to the initiative, including in January 2025 and prior, as well as the filing of a civil forfeiture complaint in early June 2025 for over $7.74 million tied to an illegal employment scheme.

    As the FBI has described in Public Service Announcements published in May 2024 and January 2025, North Korean remote IT workers posing as legitimate remote IT workers have committed data extortion and exfiltrated the proprietary and sensitive data from U.S. companies. DPRK IT worker schemes typically involve the use of stolen identities, alias emails, social media, online cross-border payment platforms, and online job site accounts, as well as false websites, proxy computers, and witting and unwitting third parties located in the U.S. and elsewhere.

    Other public advisories about the threats, red flag indicators, and potential mitigation measures for these schemes include a May 2022 advisory released by the FBI, Department of the Treasury, and Department of State; a July 2023 advisory from the Office of the Director of National Intelligence; and guidance issued in October 2023 by the United States and the Republic of Korea (South Korea). As described the May 2022 advisory, North Korean IT workers have been known individually to earn up to $300,000 annually, generating hundreds of millions of dollars collectively each year, on behalf of designated entities, such as the North Korean Ministry of Defense and others directly involved in the DPRK’s weapons programs.

    The U.S. Department of State has offered potential rewards for up to $5 million in support of international efforts to disrupt the DPRK’s illicit financial activities, including for cybercrimes, money laundering, and sanctions evasion.

    The details in the above-described court documents are merely allegations. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI Security: Durable Medical Equipment Owner Sentenced to 12 Years for $61 Million Medicare Fraud Scheme

    Source: United States Attorneys General

    A Florida man was sentenced today to 12 years in prison and three years of supervised release for conspiring to defraud Medicare with false reimbursement claims for durable medical equipment (DME). He was also ordered to pay $21,195,540.18 in restitution and forfeiture in the amount of $2,514,040.

    According to court documents, Peter Roussonicolos, 64, of Port Saint Lucie, Florida, owned and operated five DME suppliers as a silent partner. Roussonicolos hid his involvement in the companies from Medicare because he had one or more felony convictions, making him ineligible to enroll with the government program. To further conceal his involvement, he recruited and paid co-conspirators to serve as nominee owners of the DME suppliers and caused others to falsify Medicare enrollment forms, bank records, and other documents to conceal the true ownership and control of the DME suppliers. He also knew that a co-conspirator paid kickbacks and bribes to patient recruiters in exchange for beneficiary referrals. As part of the scheme, the DME companies submitted approximately $61.5 million in false and fraudulent claims to Medicare for medically unnecessary DME that was ineligible for reimbursement and were paid approximately $26.7 million of these claims.

    “Through lies and deceit, the defendant and his co-conspirators orchestrated a $61 million fraud on Medicare,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The defendant’s fraud drained critical government resources that could have been used to help vulnerable Americans. Today’s sentencing demonstrates the Department’s steadfast commitment to protecting taxpayer dollars and ensuring accountability for those who seek to defraud our health care programs.”

    “Today’s sentence underscores HHS-OIG’s firm commitment to thoroughly investigating individuals who engage in illegal kickback schemes to prescribe medically unnecessary durable medical equipment for their own personal financial gain,” said Deputy Inspector General for Investigations Christian J. Schrank with the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “We remain steadfast in our mission to protect the integrity of Medicare and other federal healthcare programs as well as the people served by those programs.”

    “This defendant and his co-conspirators orchestrated an elaborate scheme to steal millions from Medicare through kickbacks and sham billing,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “Today’s sentencing demonstrates that those who exploit our healthcare system for personal gain will be held accountable. The FBI is committed to working with our partners to protect taxpayer dollars and ensure the integrity of healthcare programs.”

    In November 2024, Roussonicolos pleaded guilty to conspiracy to commit health care fraud and wire fraud.

    The FBI and HHS-OIG investigated the case.

    Trial Attorney Jennifer Burns and Assistant Chiefs Jamie de Boer and Emily Gurskis of the Criminal Division’s Fraud Section prosecuted the case. Trial Attorneys Joanna Bowman and Lindita Ciko Torza of the Special Matters Unit assisted in the prosecution.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of 9 strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with the Office of the Inspector General for the Department of Health and Human Services, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www. justice. gov/criminal-fraud/health-care-fraud-unit.

    MIL Security OSI

  • MIL-OSI: Installment Loans for Bad Credit Announced as Key Feature in Honest Loans in 2025

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, July 01, 2025 (GLOBE NEWSWIRE) — Access guaranteed installment loans for bad credit through Honest Loans—no credit check, flexible terms, and fast approvals from direct lenders in 2025. Get the emergency funds you need, securely and stress-free.

    Honest Loans has introduced a groundbreaking solution for individuals facing financial stress by launching guaranteed installment loans for bad credit—a core offering in 2025. This initiative aims to connect borrowers with direct lenders who offer flexible, fast, and secure installment loans, even for those with poor or limited credit histories.

    Meeting the Rising Demand for Guaranteed Installment Loans in 2025

    As more Americans face unexpected financial burdens—including inflation, medical expenses, and urgent bills—the need for accessible and fast financial solutions has grown significantly. In response, installment loans for bad credit have emerged as a preferred option, offering structured repayment terms and no hard credit checks.

    Unlike traditional payday loans, installment loans provide longer repayment periods, fixed interest rates, and manageable payments, making them more sustainable for borrowers. Honest Loans answers this demand by streamlining access to licensed direct lenders offering these loans with guaranteed approval.

    Why Borrowers Are Choosing Honest Loans in 2025

    Honest Loans’ installment loan platform stands out by offering a seamless and transparent digital experience. Borrowers gain access to a broad network of trusted lenders who specialize in bad credit financing, all without needing to step into a storefront or complete burdensome paperwork.

    Key Benefits of Honest Loans’ Installment Loans for Bad Credit:

    • Guaranteed Approval: Even applicants with poor credit are matched with lenders offering high approval rates.
    • No Hard Credit Check: Applications avoid traditional credit pulls that can negatively impact credit scores.
    • Flexible Repayment Terms: Borrowers choose from various loan sizes and durations based on their needs.
    • Same-Day Processing: In many cases, funds are deposited as soon as the same business day.
    • Licensed Direct Lenders Only: All partners are verified, ensuring a safe and compliant borrowing experience.

    >> SECURE YOUR INSTALLMENT LOAN TODAY << 

    How It Works: Quick, Secure, and Transparent

    Honest Loans simplifies the process of getting installment loans by leveraging technology to reduce friction and boost approval speed. Here’s how it works:

    1. Online Application: Applicants complete a secure digital form with basic personal and income details.
    2. Instant Matching: Honest Loans uses advanced algorithms to pair users with suitable direct lenders instantly.
    3. Loan Check & Offer: Borrowers review terms like interest rates, repayment schedules, and loan amounts before committing.
    4. Electronic Transfer: Once accepted, funds are usually deposited directly into the borrower’s bank account within hours.

    >> CHECK OUT INSTALLMENT LOAN OPTIONS FOR BAD CREDIT <<

    2025: The Shift Toward Digital Installment Lending

    The landscape of short-term lending is evolving. Traditional payday loans—often criticized for high fees and short repayment windows—are being replaced by installment options that are more borrower-friendly. Honest Loans is at the forefront of this shift, offering a mobile-first, paperless experience.

    Borrowers can enjoy faster processing, often receiving decisions within minutes. They benefit from transparent loan terms—APR, repayment schedules, and fees are clearly disclosed upfront. With access to a large network of lenders, applicants can compare multiple offers to find the one that fits their situation. And most importantly, the entire process is available online—no need for in-person visits.

    Technology & Privacy First

    Honest Loans uses secure servers and end-to-end encryption to protect personal and financial data. All partners operate under strict compliance guidelines, ensuring secure sharing and responsible lending practices.

    Eligibility Requirements

    To qualify for an installment loan with Honest Loans, applicants must meet the following criteria:

    • Be at least 18 years old
    • Have a valid checking or savings account
    • Provide proof of income
    • Be a U.S. resident

    These minimal requirements help expand access to those traditionally underserved by the financial system.

    Final Thoughts

    Honest Loans is reshaping emergency lending in 2025 by making installment loans for bad credit accessible, transparent, and safe. Whether you’re facing an urgent expense or simply want a smarter borrowing option, Honest Loans offers a proven digital path to relief.

    With a strong lender network, guaranteed approval, and fast online processing, borrowers can rely on Honest Loans to deliver emergency cash with long-term repayment options—all without the stress of credit denials or surprise fees.

    FAQs About Installment Loans for Bad Credit

    What is the easiest type of loan to get approved for with bad credit?
    The easiest loans to get approved for are installment loans or no credit check personal loans from direct lenders. These loans typically feature quick application processes and high approval rates, especially when accessed through platforms like Honest Loans.

    How can I borrow $500 immediately with bad credit?
    To access $500 fast, consider applying for a guaranteed installment loan through Honest Loans. With no hard credit check and same-day approvals, funds may be deposited into your account within hours—making it a reliable option for urgent needs.

    Is it possible to get $1000 today without good credit?
    Yes. Honest Loans connects borrowers to a wide network of licensed lenders offering bad credit installment loans. If eligible, you can receive up to $1000 or more via electronic transfer, often on the same business day.

    What is a hardship loan and who qualifies?
    A hardship loan is designed for individuals facing financial strain from unexpected events like job loss, medical bills, or emergencies. These loans often offer more flexible repayment terms. Honest Loans can help match you with lenders offering installment loans that fit your situation, even with bad credit.

    Contact Information

    Company: Honest Loans
    Email: support@onlineloannetwork.com
    Phone: 888-718-9134
    Address: Springates Building, Lower Government Road, Charlestown, Saint Kitts and Nevis

    Disclaimer and Affiliate Disclosure

    This content is intended for informational and commercial purposes only and should not be construed as financial, legal, or professional advice. It does not constitute an endorsement of any specific loan provider.

    While every effort has been made to ensure the accuracy and relevance of the information presented, no guarantees are made regarding its completeness, accuracy, or timeliness. Readers are advised to conduct independent research and consult qualified professionals—such as licensed financial advisors or legal experts—prior to making any financial decisions.

    Please note the following:

    • Loan products and services mentioned may not be suitable for everyone.
    • Terms, conditions, and eligibility criteria vary by lender and location.
    • Approval is not guaranteed and may depend on various factors, including income, creditworthiness, residency status, identity verification, and compliance with applicable laws.

    This article may contain affiliate links. If you press on a link and apply for or purchase a product or service, the publisher and its partners may earn a commission at no additional cost to you. This compensation does not affect the content’s objectivity or the impartiality of any recommendations. All opinions are general in nature and do not reflect the views of any specific lender unless clearly stated.

    By engaging with this content, you acknowledge that the publisher, its authors, affiliates, and third-party partners are not liable for any errors, omissions, outdated information, or financial outcomes resulting from use of the material. This includes—but is not limited to—loan denials, disputes, or issues arising from contractual agreements with lenders.

    References to companies such as “Honest Loans” are for informational comparison only and do not imply any formal endorsement, partnership, or legal relationship. For questions about specific loan offerings, please contact the respective lender directly using official contact details.

    All trademarks, service marks, and brand names mentioned remain the property of their respective owners.

    Attachment

    The MIL Network

  • MIL-OSI: Installment Loans for Bad Credit Announced as Key Feature in Honest Loans in 2025

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, July 01, 2025 (GLOBE NEWSWIRE) — Access guaranteed installment loans for bad credit through Honest Loans—no credit check, flexible terms, and fast approvals from direct lenders in 2025. Get the emergency funds you need, securely and stress-free.

    Honest Loans has introduced a groundbreaking solution for individuals facing financial stress by launching guaranteed installment loans for bad credit—a core offering in 2025. This initiative aims to connect borrowers with direct lenders who offer flexible, fast, and secure installment loans, even for those with poor or limited credit histories.

    Meeting the Rising Demand for Guaranteed Installment Loans in 2025

    As more Americans face unexpected financial burdens—including inflation, medical expenses, and urgent bills—the need for accessible and fast financial solutions has grown significantly. In response, installment loans for bad credit have emerged as a preferred option, offering structured repayment terms and no hard credit checks.

    Unlike traditional payday loans, installment loans provide longer repayment periods, fixed interest rates, and manageable payments, making them more sustainable for borrowers. Honest Loans answers this demand by streamlining access to licensed direct lenders offering these loans with guaranteed approval.

    Why Borrowers Are Choosing Honest Loans in 2025

    Honest Loans’ installment loan platform stands out by offering a seamless and transparent digital experience. Borrowers gain access to a broad network of trusted lenders who specialize in bad credit financing, all without needing to step into a storefront or complete burdensome paperwork.

    Key Benefits of Honest Loans’ Installment Loans for Bad Credit:

    • Guaranteed Approval: Even applicants with poor credit are matched with lenders offering high approval rates.
    • No Hard Credit Check: Applications avoid traditional credit pulls that can negatively impact credit scores.
    • Flexible Repayment Terms: Borrowers choose from various loan sizes and durations based on their needs.
    • Same-Day Processing: In many cases, funds are deposited as soon as the same business day.
    • Licensed Direct Lenders Only: All partners are verified, ensuring a safe and compliant borrowing experience.

    >> SECURE YOUR INSTALLMENT LOAN TODAY << 

    How It Works: Quick, Secure, and Transparent

    Honest Loans simplifies the process of getting installment loans by leveraging technology to reduce friction and boost approval speed. Here’s how it works:

    1. Online Application: Applicants complete a secure digital form with basic personal and income details.
    2. Instant Matching: Honest Loans uses advanced algorithms to pair users with suitable direct lenders instantly.
    3. Loan Check & Offer: Borrowers review terms like interest rates, repayment schedules, and loan amounts before committing.
    4. Electronic Transfer: Once accepted, funds are usually deposited directly into the borrower’s bank account within hours.

    >> CHECK OUT INSTALLMENT LOAN OPTIONS FOR BAD CREDIT <<

    2025: The Shift Toward Digital Installment Lending

    The landscape of short-term lending is evolving. Traditional payday loans—often criticized for high fees and short repayment windows—are being replaced by installment options that are more borrower-friendly. Honest Loans is at the forefront of this shift, offering a mobile-first, paperless experience.

    Borrowers can enjoy faster processing, often receiving decisions within minutes. They benefit from transparent loan terms—APR, repayment schedules, and fees are clearly disclosed upfront. With access to a large network of lenders, applicants can compare multiple offers to find the one that fits their situation. And most importantly, the entire process is available online—no need for in-person visits.

    Technology & Privacy First

    Honest Loans uses secure servers and end-to-end encryption to protect personal and financial data. All partners operate under strict compliance guidelines, ensuring secure sharing and responsible lending practices.

    Eligibility Requirements

    To qualify for an installment loan with Honest Loans, applicants must meet the following criteria:

    • Be at least 18 years old
    • Have a valid checking or savings account
    • Provide proof of income
    • Be a U.S. resident

    These minimal requirements help expand access to those traditionally underserved by the financial system.

    Final Thoughts

    Honest Loans is reshaping emergency lending in 2025 by making installment loans for bad credit accessible, transparent, and safe. Whether you’re facing an urgent expense or simply want a smarter borrowing option, Honest Loans offers a proven digital path to relief.

    With a strong lender network, guaranteed approval, and fast online processing, borrowers can rely on Honest Loans to deliver emergency cash with long-term repayment options—all without the stress of credit denials or surprise fees.

    FAQs About Installment Loans for Bad Credit

    What is the easiest type of loan to get approved for with bad credit?
    The easiest loans to get approved for are installment loans or no credit check personal loans from direct lenders. These loans typically feature quick application processes and high approval rates, especially when accessed through platforms like Honest Loans.

    How can I borrow $500 immediately with bad credit?
    To access $500 fast, consider applying for a guaranteed installment loan through Honest Loans. With no hard credit check and same-day approvals, funds may be deposited into your account within hours—making it a reliable option for urgent needs.

    Is it possible to get $1000 today without good credit?
    Yes. Honest Loans connects borrowers to a wide network of licensed lenders offering bad credit installment loans. If eligible, you can receive up to $1000 or more via electronic transfer, often on the same business day.

    What is a hardship loan and who qualifies?
    A hardship loan is designed for individuals facing financial strain from unexpected events like job loss, medical bills, or emergencies. These loans often offer more flexible repayment terms. Honest Loans can help match you with lenders offering installment loans that fit your situation, even with bad credit.

    Contact Information

    Company: Honest Loans
    Email: support@onlineloannetwork.com
    Phone: 888-718-9134
    Address: Springates Building, Lower Government Road, Charlestown, Saint Kitts and Nevis

    Disclaimer and Affiliate Disclosure

    This content is intended for informational and commercial purposes only and should not be construed as financial, legal, or professional advice. It does not constitute an endorsement of any specific loan provider.

    While every effort has been made to ensure the accuracy and relevance of the information presented, no guarantees are made regarding its completeness, accuracy, or timeliness. Readers are advised to conduct independent research and consult qualified professionals—such as licensed financial advisors or legal experts—prior to making any financial decisions.

    Please note the following:

    • Loan products and services mentioned may not be suitable for everyone.
    • Terms, conditions, and eligibility criteria vary by lender and location.
    • Approval is not guaranteed and may depend on various factors, including income, creditworthiness, residency status, identity verification, and compliance with applicable laws.

    This article may contain affiliate links. If you press on a link and apply for or purchase a product or service, the publisher and its partners may earn a commission at no additional cost to you. This compensation does not affect the content’s objectivity or the impartiality of any recommendations. All opinions are general in nature and do not reflect the views of any specific lender unless clearly stated.

    By engaging with this content, you acknowledge that the publisher, its authors, affiliates, and third-party partners are not liable for any errors, omissions, outdated information, or financial outcomes resulting from use of the material. This includes—but is not limited to—loan denials, disputes, or issues arising from contractual agreements with lenders.

    References to companies such as “Honest Loans” are for informational comparison only and do not imply any formal endorsement, partnership, or legal relationship. For questions about specific loan offerings, please contact the respective lender directly using official contact details.

    All trademarks, service marks, and brand names mentioned remain the property of their respective owners.

    Attachment

    The MIL Network

  • MIL-OSI: Combined General Meeting of July 22, 2025 Conditions for Obtaining the Preparatory Documents

    Source: GlobeNewswire (MIL-OSI)

    COMBINED GENERAL MEETING
    OF JULY 22, 2025

    CONDITIONS FOR OBTAINING THE PREPARATORY DOCUMENTS

    Bernin (Grenoble), France, on July 1, 2025 – Soitec (Euronext Paris) reminds that the Company’s shareholders are invited to attend the Annual General Meeting to be held on Tuesday July 22, 2025 at 9:30 a.m. (Paris time), in the Auditorium of the VERSO conference Center located at 52 rue de la Victoire, 75009 Paris, France.

    The preliminary meeting notice serving as convening notice as provided for in Article R. 225-73 of the French Commercial Code, including the agenda and the draft resolutions to be submitted to the shareholders’ vote during this Annual General Meeting as well as the information on how to attend and vote at the Annual General Meeting, has been published in the French legal gazette (Bulletin des Annonces Légales Obligatoires (BALO)) of June 13, 2025, bulletin No 71.

    The convening notice for this Annual General Meeting will be published in the French legal gazette “Les Affiches de Grenoble et du Dauphiné” on July 4, 2025.

    All the documents related to this Annual General Meeting are available on the Company’s website (www.soitec.com), in the section Investors/Shareholders & Analysts/Shareholders’ General Meetings/ 2025 Annual General Meeting, in accordance with laws and regulations in force.

    In accordance with article R. 225-88 of the French Commercial Code, shareholders may also obtain the documents provided for in articles R. 225-81 and R. 225-83 of the French Commercial Code, on written request made no later than five days before the date of the General Meeting, i.e. no later than Thursday July 17, 2025. This request shall be sent to the Company’s registered office by post, to the attention of the General Secretary, “AG 22 juillet 2025” Parc Technologique des Fontaines – Chemin des Franques – 38190 Bernin – France, or by e-mail to the following address: shareholders-gm@soitec.com. Requests from bearer shareholders must be accompanied by a shareholding certificate delivered by their financial intermediary mentioned in Article L. 211-3 of the French Monetary and Financial Code.
        
    Shareholders are invited to consult regularly the section dedicated to the 2025 Annual General Meeting on the Company’s website.

    This General Meeting will be broadcast live on Soitec’s website and will also be available for replay.

    # # #

     

    Agenda

    First-quarter 2025-2026 revenue: July 22, 2025, after market close.

    # # #

    About Soitec

    Soitec (Euronext – Tech 40 Paris), a world leader in innovative semiconductor materials, has for more than 30 years developed cutting-edge products that combine technological performance and energy efficiency. From its global headquarters in France, Soitec is expanding internationally with its unique solutions. The company occupies a key position in the semiconductor value chain, serving three strategic markets: mobile communications, automotive and industry, and smart devices. Soitec draws on the talent and diversity of its 2,300 employees, of 50 different nationalities, across its sites in Europe, the United States and Asia. More than 4,100 patents have been registered by Soitec.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: https://www.soitec.com/en/

    # # #

                             

    Investor Relations: Media contacts:

    Attachment

    The MIL Network

  • MIL-OSI: PROACTIS SA – PR ( update on BoD members) 01.07.2025

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Evolution of PROACTIS SA Governance

    PARIS, France – (1st July 2025) — Under the terms of the Board of Directors of the company PROACTIS SA (ISIN code : FR0004052561) held on the 25th of June, Mr Andrew REARDON has been appointed as Director in replacement of Mr Monsieur Adrian MCSHANE-CHAPMAN, resigning.
    Shareholders will be asked to approve this appointment at the next Annual General Meeting called to approve the financial statements.

    Andrew Reardon joined the group Proactis in January 2025 as Group Chief Operating Officer. He has considerable experience in the fields of operational leadership, complex transformational change management, large scale project management and revenue growth programs whose leadership skills and management aptitude have been repeatedly tested under the most demanding circumstances.

    As a result of these changes, the Board of Directors of PROACTIS SA is now composed as follows:

    Member Functions Mandate expiry date
    Stephen LINE Chairman of the Board of Directors
    Chief Executive Officer
    Annual General Meeting to approve the financial statements for the year ending January 31, 2028
    Lucy FOX Director Annual General Meeting to approve the financial statements for the year ending January 31, 2028
    Bonnie MITCHELL Director Annual General Meeting to approve the financial statements for the year ending January 31, 2030
    Andrew REARDON Director Annual General Meeting to approve the financial statements for the year ending January 31, 2028

    Contacts
    Tel: +33 (0)1 53 25 55 00
    E-mail: investorContact@proactis.com

    * * * *

    Attachment

    The MIL Network

  • MIL-OSI Economics: ICC Principles for Sustainable Trade and Trade Finance

    Source: International Chamber of Commerce

    Headline: ICC Principles for Sustainable Trade and Trade Finance

    Trade underpins economic growth, connects markets and supports development. But if global trade is to continue delivering these benefits in the long term, and ensure resilient global economies and a healthy planet, it must also support sustainability.  

    Yet, assessing sustainability within international trade and trade finance remains a major challenge. Trade transactions – which connect numerous parties across the globe – remain highly fragmented and complex in nature. This is further compounded by a lack of consistent, standardised definitions across countries for assessing the sustainability of transactions. Without clarity, efforts to promote sustainable trade risks being undermined. Crucially, it also makes it more difficult to align global trade with the goals of the Paris Agreement and mobilise the finance needed to deliver them.  

    The growing interest in environmental, social and corporate governance (ESG) provides a beacon of hope for change. Yet, interest alone isn’t enough – clear, consistent definitions on sustainable international trade and trade finance are needed to turn ambition into action.  

    With this in mind, the ICC, together with input and endorsement from major trade banks, have developed the Principles for Sustainable Trade and Trade Finance, providing the clarity and common ground needed to help global trade play its part in delivering on sustainability goals and in meeting the Paris Agreement’s 1.5°C target.  

    The Sustainable Trade Finance Principles sit under the broader Trade, which provide a frame to assess both the environmental sustainability of a transaction, and how it supports socio-economically sustainable development. 

    The first sustainability framework for the trade finance market

    The ICC Principles for Sustainable Trade 

    The Sustainable Trade Principles, currently in its third iteration (Wave 3), aim to define standards for sustainable trade to accelerate the shift to a more sustainable economy. It provides a framework to assess sustainability of trade across four key components – the ‘use of proceeds’, ‘seller’, ‘buyer’, and ‘distribution’ – against two critical dimensions, namely environmental and socio-economically sustainable development.  

    The ICC Principles for Sustainable Trade include:  

    • High-level principles for banks to utilise and base their internal methodologies on  
    • Guidance on methodology for how the principles can best be utilised in a common framework, with practical advice on assessments across different components  
    • A framework providing nuanced sustainability assessments based on sector-specific evidence  
    • A Sustainable Credential Library to consolidate recognised standards, conventions, and ESG scorers  
    • Clear guidance on acceptable forms of evidence, to ensure the framework is more accessible and less burdensome, including for SMEs  
    • The integration of any regional taxonomies, where appropriate, allowing for greater applicability across diverse markets  
    • The Principles for Sustainable Trade Finance (PSTF), which enhance the Use of Proceeds assessment of the Principles for Sustainable for Trade by setting thresholds and assessments within trade finance to ensure alignment with established frameworks whilst enabling more flexibility in evidencing sustainability  

    The Sustainable Trade Finance Principles 

    Together with industry leaders, ICC further developed the Sustainable Trade Finance Principles, currently in its second iteration (Wave 2). The Principles include a sub-set of principles and guidelines, including:  

    1. The Principles for Green Trade Finance (PGTF)  

    Set of detailed, fully implementable principles that provide a common language and set of processes for banks to utilise when conducting a Use of Proceeds-based assessment for green-labelled Trade Finance products. These principles are closely aligned with the Loan Market Association (LMA) Green Loan Principles (GPLs) but allow assessment based on the purpose of a transaction or its goods in addition to purpose-based evaluations. 

    What has been newly added in the Sustainable Trade Finance Principles (Wave 2)? 

    1. ICC’s Principles for Social Trade Finance (PSoTF) 

    Comprehensive framework for Use of Proceeds-based assessment for socially sustainable-labelled TF products, aligned to the LMA Social Loan Principles.  

    1. ICC’s guidance on Sustainability-linked Trade Finance  

    Tailored advice for sustainability linked assessments in trade finance, aligned to LMA Sustainability-Linked Loan Principles.  

    1. ICC’s guidance on Sustainability-linked Supply Chain Finance  

    Additional clarity on Sustainability-Linked Supply Chain Finance programmes, aligned to LMA SLLPs 

    Previous milestones 

    Principles for Sustainable Trade Finance (2024) 

    ICC developed the first-ever industry taxonomy to define what constitutes a sustainable trade finance transaction — filling a major gap in existing practice within the financial sector. The Standards for Sustainable Trade and Sustainable Trade Finance positioning paper was launched in 2021 as an initial step to developing a tool that is both robust and workable from an industry perspective.  

    Learn more

    Principles

    Principles for Sustainable Trade: Wave 2 (2023) 

    A minimum viable ‘Wave 1’ framework was launched in November 2022 and assessed both the environmental sustainability of a transaction, and how it supports socio-economically sustainable development. In tandem, a pilot scheme was launched in the textiles industry, with participants applying the framework to real transactions to understand what works and what could be improved in future versions of the framework. 

    Learn more

    Principles

    Wave 1 Framework for Sustainable Trade and Sustainable Trade Finance (2022) 

    The Wave 2 Principles were designed with usability in mind, while simultaneously improving reach, applicability, and rigour. Relative to Wave 1, Wave 2 has focused on expanding the scope to include three new sectors, adding rigour through a more granular grading system, allowing easier automation, by incorporating machine-readable sources of evidence and including a “distribution” component. 

    Learn more

    Principles

    Positioning paper on Standards for Sustainable Trade and Trade Finance (2021) 

    Developed in collaboration with BCG and leading trade banks in 2024, ICC provides a consensus set of principles that define sustainable trade finance products, offering clear, transparent, and consistent guidelines to enable banks, corporates and investors to effectively channel capital towards sustainable and inclusive trade finance facilities while mitigating the risks associated with greenwashing. These principles fit within the broader Principles for Sustainable Trade. 

    Learn more

    Positioning paper

    What’s next? 

    Alongside the launch of the Principles, ICC is launching a consultation where participants are invited to pilot and test the principles in their trade finance operation, and provide feedback and contributions.  This collaborative approach collaborative approach will ensure that the principles remain practical, scalable, and reflective of industry needs.  

    Industry professionals may provide their further insights and feedback in the survey link provided.  

    Please  reach out to the ICC team for further details.  

    MIL OSI Economics

  • MIL-OSI USA: Zinke Announces $4 Million for Apprenticeship Expansion in Montana

    Source:

    Washington, D.C. – Today, Western Montana Congressman Ryan Zinke announced that the Montana Department of Labor and Industry has been awarded $4 million in federal funding through the U.S. Department of Labor’s State Apprenticeship Expansion Formula Round 3 (SAFE3) grant program. The grant will support the expansion of Registered Apprenticeship Programs (RAPs) across the state, helping Montanans train for high paying, in demand skilled jobs.

     “Montana has always had a strong skilled trades workforce and economy, and that’s not changing anytime soon,” said Congressman Zinke. “Apprenticeship programs give hardworking Montanans just entering the workforce a path to learn valuable skills that can make them a vital part of our economy for life. Young people can become masters in their trades, own a business and be a leader in the community with a good trade education. I’m glad to see funding go toward addressing these issues, while giving young people a shot at a bright and successful future.”

     The U.S. Department of Labor awarded nearly $84 million to 50 states and territories as part of the SAFE3 initiative. The funding supports national goals to increase the number of active apprentices to one million and follows several executive orders prioritizing workforce development, particularly in high-demand and emerging sectors.

    ###

    MIL OSI USA News

  • MIL-OSI: Ageas completes the acquisition of Saga’s Underwriting Business

    Source: GlobeNewswire (MIL-OSI)

    Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed.

    The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers, as communicated on 16 December 2024 (read the press release).

    The acquisition and the distribution agreement with Saga, the UK specialist provider of products and services to people aged over 50, aligns perfectly with Ageas’s Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already have real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK.

    The overall consideration for the acquisition is approximately GBP 67 million – consistent with prior communications, and to be paid out between acquisition and the operational start date of the partnership. The overall Solvency II impact, including the Affinity Partnership, remains aligned with the previously communicated – 5%.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

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    The MIL Network

  • MIL-OSI: Ageas completes the acquisition of Saga’s Underwriting Business

    Source: GlobeNewswire (MIL-OSI)

    Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed.

    The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers, as communicated on 16 December 2024 (read the press release).

    The acquisition and the distribution agreement with Saga, the UK specialist provider of products and services to people aged over 50, aligns perfectly with Ageas’s Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already have real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK.

    The overall consideration for the acquisition is approximately GBP 67 million – consistent with prior communications, and to be paid out between acquisition and the operational start date of the partnership. The overall Solvency II impact, including the Affinity Partnership, remains aligned with the previously communicated – 5%.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    Attachment

    The MIL Network

  • MIL-OSI United Kingdom: Cabinet set to approve the next chapter for Derby’s libraries

    Source: City of Derby

    The future of the city’s library service and how it can continue to meet community needs for the next few years is to be considered by Cabinet.

    After extensive negotiations and a thorough review of proposed working models, Derby City Council withdrew from a process to appoint Sporting Communities, a not-for-profit organisation, to run Derby’s ten non-statutory community libraries in May.

    Now Cabinet members will be updated on the reasons for ending those negotiations and will be presented with fresh proposals on the interim operation of the service when they meet on 9 July.

    Council Cabinet approved plans for the city’s ten non-statutory libraries to be run by a Trust last year and a formal process to identify viable proposals was launched in March 2024.

    During extensive negotiations, it became clear that outsourcing is not the best or most sustainable way to protect the future of the library service. The proposed transfer was expected to save money for the Council. Negotiations revealed that the financial support needed for a successful transfer would exceed the allocated budget.

    The review comes as local authorities across England prepare for significant structural changes, potentially prompting a re-evaluation of how essential public services like libraries are delivered.

    Under the Public Libraries & Museums Act of 1964, the Council must provide a full and efficient public library service. The last Strategic Needs Assessment (SNA) in 2017 found that Derby needs five main libraries to meet its legal requirements, while adapting to evolving community needs.

    Local government reorganisation, anticipated to unfold over the next three years, could lead to a reconfiguration of library services across a broader region. A potential expansion would require a further SNA to determine statutory library provision for any new authority area.

    Cabinet is being asked to approve a recommendation to maintain the current library management structure and defer a full SNA until the future of the authority is clearer.

    Councillor Sarah Chambers, Cabinet Member for Cost of Living, Equalities and Communities said:

    Our priority is to ensure our library services remain a vital resource for our communities, even as we navigate significant changes in local government.

    This review is about making responsible decisions that secure the long-term sustainability and effectiveness of our libraries for all residents.

    The Cabinet meeting is on Wednesday 9 July and can be watched live.

    MIL OSI United Kingdom

  • MIL-OSI Russia: China’s international image has improved significantly in recent years and is recognized in different parts of the world – Russian expert

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    Moscow, July 1 /Xinhua/ — Economic power, international activity and contribution to global development – these factors have a positive effect on China’s image on the world stage, which is recognized in various countries, Nikita Stepanov, a senior researcher at the Institute of Economics of the Russian Academy of Sciences and a member of the central board of the Russian-Chinese Friendship Society, told Xinhua in an interview.

    “China’s international image has indeed improved significantly in recent years and is worthy of recognition in various parts of the world. This is due to a combination of factors, primarily its active economic influence and the successful implementation of large-scale international projects, such as the Belt and Road Initiative. China has become an important trading partner for many countries, investing heavily in infrastructure and economic development, which has strengthened trust and respect for it on the world stage,” the expert noted.

    As N. Stepanov pointed out, today China plays a key role in the formation of inclusive economic globalization, demonstrating a development model that takes into account national characteristics and needs. The Chinese experience of sustainable growth and successful adaptation of economic reforms has become, in his opinion, an important reference point for many countries, especially for the states of the Global South and developing regions. “China has proven that it is possible to combine an open economy with active state participation, which has caused a wide response and interest in the modern world,” he believes.

    According to the Russian economist, China’s Belt and Road initiative strengthens the integration of developing countries into the global economy, stimulating infrastructure and industrial development. By promoting trade, investment and technological exchange, China acts as a stabilizing factor in maintaining the global economic order. “China not only offers alternative models, but also plays a driving role in stimulating growth and reducing the gap between developed and developing countries, maintaining balance and diversity in the global economic order,” he emphasized.

    N. Stepanov drew attention to the fact that China demonstrates a desire not only to develop the economy and infrastructure, but also to promote sustainable development and innovation at the global level. China is actively involved in reforming international institutions, stimulating their adaptation to modern challenges and the needs of different countries, especially developing ones. “Thus, China’s role in the global governance system is becoming increasingly significant, contributing to the formation of a more just and inclusive international order,” the expert noted.

    The Xinhua interlocutor emphasized that the hegemonic and intimidating behavior of the United States, which manifests itself in the abuse of tariff measures and military interventions without the sanction of the UN Security Council, raises serious concerns, undermines the international order, leads to the escalation of trade conflicts and instability in the global economy. At the same time, according to N. Stepanov, China plays an important role in maintaining the international order and developing the global governance system. “Over the past decades, it has consistently advocated respect for international law and the sovereignty of states, which contributes to strengthening multilateralism in international relations,” the economist recalled, adding that the concept of building a community with a shared future for mankind reflects China’s commitment to cooperation, mutual respect and joint development, which is important in the era of global challenges.

    According to the Russian expert, the concept of building a community of common destiny for humanity has had a significant impact on the development of world diplomacy and international relations. “This concept emphasizes the need for global cooperation and mutual respect to address common challenges — climate change, pandemics, economic instability and conflicts. It encourages the search for compromises and joint actions, emphasizing the interdependence of all countries regardless of their level of development,” he explained.

    N. Stepanov is confident that the concept of a common destiny for humanity has strengthened multipolarity in world politics, supporting the principles of justice and equality. “China is actively promoting this idea through the Belt and Road initiative, promoting economic development and infrastructure cooperation in developing countries. Thus, the concept unites the efforts of different states on the path to sustainable and inclusive development of humanity,” he said.

    In addition, cultural diplomacy, as well as the dissemination of the Chinese language and traditional culture through Confucius Institutes, play an important role in improving China’s international image, according to the expert. “This expands the positive perception of the country,” concluded N. Stepanov. –0–

    MIL OSI Russia News

  • MIL-OSI Africa: African Union Commission (AUC) Chairperson met with the Prime Minister of Spain H.E. Pedro Sanchez on the margins of the #FfD4 conference in Seville


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    AU Commission Chair H.E. Mahmoud Ali Youssouf met with the Prime Minister of Spain H.E. Pedro Sánchez on the margins of the #FfD4 conference in Seville & reaffirm the AU–Spain partnership. He thanked Spain for hosting #FfD4 in Seville and welcomed the opportunity to advocate for reforms to tackle systemic global financial inequalities.

    The Chair underscored Africa’s commitment to cooperation under the AU–Spain MoU: peace & security, maritime governance, Agenda 2063, & migration. He called for joint action on conflict prevention, orderly migration, & stronger Africa-EU ties.

    He urged Spain to support Africa’s call for a fairer global financial architecture, – stronger trade in key sectors: auto, medtech, textiles, & tourism.

    Prime Minister Pedro Sánchez Pérez-Castejón welcomed AU’s strong participation at #FFD4Sevilla & assured that Spain will support Africa’s priorities within the multilateral framework of the AU-EU cooperation and the UN system.

    Distributed by APO Group on behalf of African Union (AU).

    MIL OSI Africa

  • MIL-OSI Africa: Africa: Coalition commits to Action Plan to increase private investment mobilization for developing countries by end of 2027


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    A coalition of governments, international development partners and private sector groups including the UN Capital Development Fund, UN Economic Commission for Africa, African Union Commission, Organisation for Economic Cooperation and Development (OECD), Global Investors for Sustainable Development (GISD) Alliance, Ministry for Foreign Affairs of Finland, Norway Ministry of Foreign Affairs (MFA) and Norad, Switzerland SECO and Convergence Blended Finance, are announcing the development of an Action Plan to increase mobilize private sector capital at scale in developing countries.

    The Action Plan, announced at the Fourth Financing for Development Conference (FFD4) in Seville, Spain, seeks to tackle poverty, economic growth and climate risks by deploying public sector resources through blended finance to mobilize private investment in underserved markets, which, over the last decade, has remained weak even as global wealth has ballooned. The Action Plan will include a dedicated Least Developed Countries (LDCs) and Africa-focused track to advance context-specific blended finance approaches and support scalable investment opportunities in key sectors.

    FFD4 is a once-in-a-decade gathering of development partners seeking to build a renewed global financing framework to urgently unlock greater volumes of capital to close the financing gap of developing countries. Government-sourced Official Development Assistance (ODA) declined last year by over 7% compared with 2023, according to the Organisation for Economic Cooperation and Development (OECD), one of the co-proposers of the Action Plan.

    “The world has the resources – the money we need – to eradicate poverty and ensure every person can live a life free from poverty. Much of those resources lie with the private sector in the world’s most developed nations and they will likely remain there until the real and perceived risks that act as a barrier to investment in underserved markets are tackled head-on,” said Pradeep Kurukulasuriya, Executive Secretary of the UN Capital Development Fund, which provides catalytic and blended finance solutions for underserved markets.

    “Blended finance models that are tailored to country needs have the potential to de-risk markets, plug the international development finance gap and transform the lives of hundreds of millions of people living in the world’s underserved markets and Least Developed Countries,” Mr Kurukulasuriya added.

    “Bridging Africa’s investment gap demands bold, coordinated action. This Action Plan marks a turning point, a practical blueprint to shift global capital toward sustainable development in countries that need it most. The UN Economic Commission for Africa is committed to ensuring that Africa is not only part of the conversation, but central to the solution” added Claver Gatete, Executive Secretary, UN Economic Commission for Africa.

    “As traditional streams of overseas development assistance dry up, more people than ever are talking about the promise of blended finance,” shared Joan Larrea, Chief Executive Office of Convergence. “At FFD4, with this joint proposal, we have made a significant step towards making that promise a reality.”

    “Norway is proud to collaborate with this global coalition on developing the Action Plan to mobilize private investment for sustainable development. Addressing the financing gaps in Least Developed Countries and underserved markets is critical to tackling poverty, hunger, and climate challenges. By leveraging blended finance and fostering innovative partnerships, we aim to contribute to transformative change and create a foundation for equitable and inclusive growth,” said Åsmund Aukrust, Norway’s Minister of Development.

    “Mobilization of private capital for financing sustainable development is an integral part of Finland’s foreign and development policy”, says Ville Tavio, Finland’s Minister for Foreign Trade and Development. “Financing for Development Conference will increase the clarity and formality of private capital mobilization as part of the financing sustainable development for the next decade. We believe that developing a common action plan and standardizing the proven blended finance models will help us scale up private capital mobilization to deliver on the commitments agreed here in Seville.”

    While global assets have doubled to $482 trillion over the last decade, private sector investment to and within low- and middle-income countries has remained stubbornly weak. Only 5% of those global assets are invested in developing countries, excluding China, according to the Financial Stability Board, an international body that monitors the global financial system. Of that 5%, only a tiny proportion reaches the most underserved markets and the world’s 44 Least Developed Countries, which are collectively home to some 880 million people.

    The world stands at a crossroads for financing sustainable development with an estimated annual financing gap of $4 trillion – up from $2.5 trillion pre-pandemic. The OECD reports that all “official development finance” activity mobilized an average of $57 billion in private investment annually over the last five years – just 1% of the $6-7 trillion needed each year if the Sustainable Development Goals (SDGs) are to be met.

    At the same time, domestic financial resources in developing countries are insufficient and cross-border private investment flows from developed to developing countries has been low over the past decade.

    Blended finance has the potential to transform private investment flows and positively contribute to the FfD4 Outcome Document mobilization objectives and to the SDGs.

    Signatories of the Joint Initiative have committed to develop an “effective, efficient, fair and practical action plan” through the remainder of 2025 and into 2026 to identify how to use a blend of public sector and philanthropic resources to mobilize and crowd-in larger amounts of private sector finance for development results at scale.

    The Action Plan will describe practical measures to mobilize private investment using standardized and replicable blended finance models tailored to country contexts, with an emphasis on alignment with national priorities and global development goals with the following measurable results:

    • At least 16 OECD DAC countries will agree to or endorse the Action Plan by March 31, 2026.

    • At least 27 African countries and 27 non-African developing countries will also endorse the Action Plan by the same date.

    • At least 16 developed and 54 developing countries will commit to implementing the plan starting June 30, 2026.

    The Action Plan is one of a series being submitted to conference organisers that seek to turn the objectives outlined in the FFD4 outcome document into a pathway for action.

    Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).

    MIL OSI Africa

  • MIL-OSI Africa: Every five seconds, a child is displaced, injured, or killed in the Middle East and North Africa’s conflicts


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    At least 12.2 million children have reportedly been killed, maimed or displaced in conflicts in the Middle East and North Africa (MENA) in less than 2 years, the equivalent of one child displaced every five seconds, and one child killed or maimed every fifteen minutes.

    Reports indicate over 12 million children have been displaced, more than 40,000 maimed, and almost 20,000 killed.

    “A child’s life is being turned upside down the equivalent of every five seconds due to the conflicts in the region,” said UNICEF Regional Director for the Middle East and North Africa Edouard Beigbeder. “Already, half of the region’s 220 million children live in conflict-affected countries. We cannot allow this number to rise. Ending hostilities – for the sake of children – is not optional; it is an urgent necessity, a moral obligation, and it is the only path to a better future.”

    Today, nearly 110 million children in MENA live in countries affected by conflict. Violence continues to disrupt nearly every aspect of their lives. Homes, schools, and health facilities are being destroyed. Children are regularly exposed to life-threatening situations, extreme distress, and displacement, stripped of safety and often left with psychological scars that can last a lifetime.

    In 2025, UNICEF estimates that 45 million children across the region will require humanitarian assistance due to continued life-threatening risks and vulnerabilities, up from 32 million in 2020 – a 41 per cent increase in just five years.

    Meanwhile, UNICEF is experiencing major funding shortfalls across its operations in the MENA region. For instance, as of May, Syria faces a 78 per cent funding gap, the State of Palestine a 68 per cent gap for their 2025 appeals, and our regional programmes are under increasing financial strain.

    Looking ahead, the outlook remains bleak. By 2026*, UNICEF’s funding in MENA is projected to decline by 20 to 25 per cent, potentially resulting in a loss of up to US$370 million – jeopardizing life-saving programmes across the region, including treatment for severe malnutrition, safe water production in conflict zones, and vaccinations against deadly diseases.

    “As the plight of children in the region worsens, the resources to respond are becoming sparser,” said Beigbeder. “Conflicts must stop. International advocacy to resolve these crises must intensify. And support for vulnerable children must increase, not decline.”

    UNICEF urges all parties to conflict in the region to end hostilities and uphold international law, including international humanitarian law and human rights law. Member States with influence over parties to conflict must use their leverage to advocate for peace and the protection of children and the essential infrastructure they rely on for survival.

    UNICEF also urges donors to maintain or increase their support for children and calls on new donors to stand with the region’s most vulnerable children.

    Distributed by APO Group on behalf of UNICEF, Middle East and North Africa.

    MIL OSI Africa

  • MIL-OSI Africa: World Bank Group Appoints New Division Director for Mozambique, Madagascar, Mauritius, Comoros and Seychelles


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    The World Bank Group has appointed Fily Sissoko as the new Division Director for Mozambique, Madagascar, Mauritius, Comoros, and Seychelles, effective today. He succeeds Idah Pswarayi-Riddihough, who held the position for the past four and a half years.

    In this new role, Mr. Sissoko will lead the World Bank Group’s engagement with government counterparts, development partners, and other stakeholders, advancing initiatives aligned with national priorities and the World Bank’s vision of a world free of poverty on a livable planet.

    An Ivorian national, Mr. Sissoko brings over 23 years of development experience across Africa, East Asia, South Asia, and the Pacific. Most recently, he served as the World Bank Country Manager for Togo, based in Lome. Prior to that, he was  the manager for the Governance Global Practice for the East Asia and Pacific region. He began his career at the World Bank in 2002 as a Financial Management Specialist in Dakar, Senegal, and has since held several leadership roles in financial management.

    Based in Maputo, Mr. Sissoko will oversee a portfolio of 63 projects totaling $8.5 billion in commitments across the five countries. This support spans key sectors including education, energy, health, social protection, infrastructure, agriculture, governance, and private sector development.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa

  • MIL-OSI United Nations: Entrepreneurship in Motion: IOM Exhibition Highlights the Power of Migration to Transform Lives

    Source: International Organization for Migration (IOM)

    Geneva, 1 July 2025 – The International Organization for Migration (IOM) is proud to announce the opening of a new exhibition along Geneva’s iconic Quai Wilson, titled Strengthening Resilience, Transforming Lives. Open to the public from 1 July to 3 August 2025, the exhibition features a virtual platform and is presented by the IOM Development Fund, with contributions from the Enterprise Development Fund and IOM Goodwill Ambassador Paul Choy.

    “Migration is not just about crossing borders. It is about the determination to rebuild, to contribute and to thrive,” said IOM Director General Amy Pope. “The people featured in this exhibition have faced real challenges, yet they have found ways to turn ideas into businesses and businesses into opportunities, not just for themselves, but for those around them. Their stories remind us what is possible when people are given the chance to start over.”

    Displayed across 30 large-scale double-sided panels, the exhibition focuses on how entrepreneurship can support recovery, strengthen communities, and offer durable solutions for displaced people. It sheds light on the ways in which host communities, potential migrants, migrants, and returnees are building businesses, creating jobs, and contributing to local development.

    The people featured come from a wide range of countries and contexts, each bringing a story of resilience and initiative. Visitors are invited to discover the personal journeys of entrepreneurs from Bangladesh, Cabo Verde, Ecuador, Ethiopia, Georgia, Ghana, Iraq, Lebanon, the Marshall Islands, Pakistan, Paraguay and Türkiye.

    Each of them received support through the IOM Development Fund and IOM’s Enterprise Development Fund. The former backed pilot initiatives designed for scale, while the latter provides financial and technical assistance to help small and medium-sized businesses grow. Their experiences are documented through striking visuals and interviews captured by IOM missions worldwide and professional photographers, including IOM Goodwill Ambassador Paul Choy.

    The exhibition is part of a broader effort by IOM to support sustainable development through migration-focused initiatives. Since its establishment in 2001, the IOM Development Fund has supported more than 1,000 projects in over 125 countries. It provides seed funding to help governments strengthen migration management and pilot innovative ideas.

    Complementing this work, IOM’s Enterprise Development Fund is an innovative programme that supports livelihoods at the community level through private sector revitalization and economic development by targeting small and medium-sized enterprises, with the objective of post-conflict economic recovery and inclusive economic development.

    The exhibition is open to the public along the lakeside between the Bains des Pâquis and Parc Mon Repos, directly across from the Palais Wilson. All panel content is available in English and French, with QR codes linking to a virtual platform where visitors can access videos, photographs, and extended stories, also available in Spanish.

    Visit the exhibition: Quai Wilson, Geneva – 1 July to 3 August 2025

    Explore online:

    For more information, please visit IOM’s Media Centre. 

    MIL OSI United Nations News

  • MIL-OSI USA: Federal Court Orders Chicago Commodity Pool Operators, Owner, Former Chief Portfolio Manager to Pay More Than $6M in Fraud Action

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered a consent order imposing permanent injunctive relief, civil monetary penalties, disgorgement, and equitable relief against Chicago commodity pool operators LJM Partners Ltd and LJM Management Ltd (collectively, LJM); former LJM chairman, owner, and registered associated person Anthony J. Caine of Colorado; and former LJM chief portfolio manager and registered AP Anish Parvataneni of Illinois. 
    The consent order requires Caine and Parvataneni to pay civil monetary penalties of $500,000 and $200,000, respectively. Additionally, the consent order requires LJM and Caine to pay $4,624,271 in disgorgement, jointly and severally, which includes pre-judgment interest, and Parvataneni to pay $721,093 in disgorgement, which includes pre-judgment interest. It also imposes registration bans of three years for Caine and one year for Parvataneni and enjoins them from managing or advising the trading for or on behalf of any third parties for three years and one year, respectively, except for themselves, their wives, or children. The order permanently enjoins the defendants from further violations of the Commodity Exchange Act and CFTC regulations, as charged.   
    Case Background
    The consent order stems from a CFTC complaint filed against defendants LJM, Caine, and Parvataneni in May 2021. [See CFTC Press Release No. 8392-21]. 
    The CFTC’s complaint alleged from at least June 2016 through February 2018, LJM managed several commodity pools, a mutual fund, and individual managed client accounts and made several false and misleading statements to prospective and existing pool participants and others in connection with its short options trading strategies. According to the complaint, the defendants made misleading statements related to LJM’s maximum daily loss, risk management, and the failure to disclose changes to LJM’s risk profile, including changes in late 2017 and early 2018 that dramatically increased the portfolio’s vulnerability to loss in certain scenarios.
    According to the complaint, in January 2018, LJM had more than $1 billion in assets under management; however, on Feb. 5 and 6, 2018, LJM’s portfolios suffered over 80% trading losses when the Chicago Board Options Exchange’s Volatility Index spiked over 20 points. Shortly thereafter, LJM closed its business. 
    The CFTC previously ordered LJM’s former Chief Risk Officer Arjuna Ariathurai to pay $247,444 in civil monetary penalties, disgorgement, and pre-judgment interest for failing to disclose certain information when speaking to prospective and existing pool participants about LJM’s risk management. [See CFTC Press Release No. 8392-21].
    The court also entered an order resolving the Securities and Exchange Commission’s related charges against the same defendants. 
    The CFTC acknowledges and appreciates the cooperation and assistance of the SEC, National Futures Association, and Financial Industry Regulatory Authority.
    The Division of Enforcement staff responsible for this action are W. Derek Shakabpa, Patrick Daly, Nicole Buseman, David Oakland, Michael Cazakoff, Elizabeth May, Jordon Grimm, Lenel Hickson, Manal Sultan, Charles Marvine, and former employee David Acevedo.
    CFTC’s Commodity Pool Fraud Advisory
    The CFTC has issued several customer protection fraud advisories, including the Commodity Pool Fraud Advisory, which warns customers about a type of fraud involving individuals and firms, often unregistered, offering investments in commodity pools. 
    The CFTC also strongly urges the public to verify a company’s registration with the CFTC at NFA BASIC before committing funds. If unregistered, a customer should be wary of providing funds to that entity.
    Suspicious activities or information, such as possible violations of commodity trading laws, can be reported to the Division of Enforcement via a toll-free hotline 866-FON-CFTC (866-366-2382) or file a tip or complaint online or contact the Whistleblower Office. Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected, paid from the Customer Protection Fund financed through monetary sanctions paid to the CFTC by violators of the CEA.

    MIL OSI USA News

  • MIL-OSI USA: Statement of Commissioner Kristin N. Johnson Regarding CFTC Settlement with LJM Funds Management Ltd.

    Source: US Commodity Futures Trading Commission

    Today, the Commodity Futures Trading Commission (Commission or CFTC) and the Securities Exchange Commission (SEC) announced settlement agreements with LJM Funds Management Ltd., LJM Partners Ltd. (together with LJM Funds Management Ltd., LJM), Anthony J. Caine (Caine), and Anish Parvataneni (collectively, Defendants). As described in the Complaint,[1] the Defendants violated multiple provisions of the Commodity Exchange Act (CEA) and the Commission’s Regulations by engaging in deceptive and manipulative practices in connection with transactions involving commodities over an extended period of time.[2]
    As stated more comprehensively in the Complaint, Defendants’ violations of the CEA and Regulations were rooted in deceptive and manipulative practices.[3] Defendants made intentional and reckless decisions to make false or misleading statements when describing their risk management practices to prospective and existing commodity pool participants.[4] In doing so, Defendants significantly downplayed worst-case losses by stating they were, in the most aggressive analysis, capped at 40%, when internal emails show that one of LJM’s controlling persons, Caine, knew that losses could reach 100%.[5] Further, Defendants advertised that their risk management included historical analysis when their risk management did not, committing a series of acts which put investors’ hard-earned funds at levels of risk they were not adequately informed of.[6] 
    Further, Defendants continuously misled investors about the risk profile of its portfolio over the course of two years by maintaining that its risks remained consistent with historical practices.[7] Instead, Defendants’ risk profile had significantly deviated from their traditional norms and nearly doubled the size of potential losses associated with a significant drop in the S&P and an upward spike in volatility – which is exactly what happened. None of these changes were disclosed to investors and, eventually, it was the investors who paid the price, suffering substantial losses due to the Defendants’ conduct as LJM collapsed.
    Careful risk management enables market participants to detect and address the kinds of volatility that led to LJM’s collapse. Effective risk management oversight enhances the integrity and stability of global derivatives markets.
    Where risk management fails or is completely neglected, we must endeavor through enforcement actions to achieve greater accountability, reduce repeated compliance failures through both general and specific deterrence,[8] and enable the Commission to maximize the use of limited resources.
    LJM’s Implosion
    In late 2017, Defendants knew that LJM’s portfolio risk was increasing and that their investment strategies left investor assets vulnerable to a market move. Defendants were also aware that the risk profiles for certain of their investment strategies were becoming increasingly risky but made no efforts to reduce the risk levels of their investment strategies or disclose to investors that their risk of loss was skyrocketing. Instead of telling investors the truth and revealing the risks that investors faced, Defendants intentionally misrepresented the rising risk levels that threatened investors’ assets. 
    LJM’s high-risk investment strategies imploded on February 5-6, 2018, when the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) spiked more than 20 points. LJM lost almost $1 billion in customer assets and LJM shuttered its doors. 
    Deterring Deceptive and Manipulative Practices
    LJM intentionally deceived commodity pool and mutual fund investors. The penalties imposed should reflect our commitment to protecting investors and serve to deter future misconduct by the Defendants and dissuade any future bad actors from electing to deceive investors by misrepresenting risk levels associated with their investment strategies.
    Many hard-working investors who suffered significant losses as a result of LJM’s misrepresentations may question whether today’s settlement achieves these goals. I continue to have questions regarding the Commission’s calculation of civil monetary penalties, particularly in enforcement matters that involve intentional, willful deception of vulnerable investors. I have previously raised my concerns regarding the methodology for calculating civil monetary penalties and urged CFTC staff leadership and my fellow Commissioners to provide greater clarity and transparency regarding the Commission’s civil monetary penalty calculation methodology. In addition, I have consistently questioned the impact of lower penalties. Reduced penalties may not achieve deterrence, which is a foundational goal of our enforcement regime. 
    It has been suggested that we can distinguish the poor risk management decisions at LJM from a sham business that was created solely for the purpose of separating unwitting investors from their money. I disagree. Investors in LJM’s commodity pools and mutual funds selected their investment based on what was represented to them as a lower risk profile. Defendants’ choice to then expose investors’ assets to excessive risk levels violated the compact of trust and confidence that the investors had with LJM. Even if the risk management decisions could be excused, the affirmative acts of deception should not be overlooked. 
    Promoting Customer Protection Through Disclosure and Supervision
    If our mission is to protect investors from the devastating effects of fraud, the businesses that set out to engage in fraud cannot be distinguished from those that start out well-intentioned but later adopt deception as a mantra. A well-heeled firm that has gained the public’s trust and confidence by demonstrating the ability to operate in accordance with the rigorous compliance and reporting obligations of U.S. financial markets regulation that later transforms into a vehicle of garden-variety fraud is, perhaps, more concerning than the fly-by-night fraudster selling snake-oil from the trunk of his car. 
    Disclosure has served as a foundation in U.S. financial markets regulation for almost a century for a reason. Creating sunlight in contexts where conflicts of interest and asymmetries of information flourish in the shadows is one of most time-tested means of protecting customers, preserving investor capital, and fostering healthy markets.   
    Moreover, supervision is a cornerstone of customer protection. From its inception in the 1970s, the Commission has emphasized that supervision is a linchpin in our regulatory framework. Under Regulation 166.3, each Commission registrant “must diligently supervise the handling by its partners, officers, employees and agents (or persons occupying a similar status or performing a similar function) of all commodity interest accounts carried, operated, advised or introduced by the registrant and all other activities of its partners, officers, employees and agents (or persons occupying a similar status or performing a similar function) relating to its business as a Commission registrant.”[9] 
    I commend the Division staff who investigated and resolved this case and worked with the SEC on a parallel case.

    [1] Complaint, CFTC v. LJM Funds Management Ltd, et al., No. 1:21-cv-02863 (N. D. Ill. May 25, 2021), ECF No. 1 (Complaint).

    [2] Complaint ¶¶ 95-112.

    [3] Id. The deceptive and manipulative practices and failure to supervise described in the Complaint violated Sections 4o(1)(A)-(B); 4c(b); and 6(c)(1) of the CEA and Regulations 33.10, 180.1(a), and 166.3. 

    [4] Specifically, Section 4o(1)(A)-(B) of the CEA states that it is unlawful for a commodity pool operator (CPO) or a commodity trading advisor (CTA) to “employ any device, scheme, or artifice to defraud any client or pool participant or prospective pool participant.” 7 U.S.C. § 6o(1)(A)-(B). Section 4c(b) of the CEA and Regulation 33.10 make it unlawful for a person to enter into a transaction that involves any commodity regulated under the CEA known as an “option” contrary to any other rule or regulation of the Commission which would prohibit such transaction and makes it unlawful to directly or indirectly cheat, defraud, or deceive any other person in connection with such transactions. 7 U.S.C. § 6c(b); 17 C.F.R. § 33.10. Further, Section 6(c)(1) of the CEA makes it unlawful to use “any manipulative or deceptive device, in contravention of such rules and regulations as the Commission shall promulgate” in connection with the contract of sale of commodity or future delivery of a commodity in interstate commerce. 7 U.S.C. § 9(1); see also 17 C.F.R. § 180.1(a).

    [5] Complaint ¶¶ 46-79. In an internal email, Caine admitted “In extreme cases, theoretically we model to 100% loss.” Complaint ¶ 55.

    [7] Complaint ¶¶ 71-79.

    [8] References to general deterrence describe the effect on the general public of observing consequences of compliance failures or misconduct and the impact of such observations on their future conduct. Specific deterrence refers to the impact of a consequence on the future behavior or conduct of a party that has engaged in conduct that leads to a penalty.

    [9] 17 C.F.R. § 166.3. See also Adoption of Customer Protection Rules, 43 Fed. Reg. 31886, 31889 (July 24, 1978)(“the basic purpose of the rule is to protect customers by ensuring that their dealings with the employees of Commission registrants will be reviewed by other officials in the firm.”).

    MIL OSI USA News

  • MIL-OSI: GRANDE GROUP LIMITED ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 01, 2025 (GLOBE NEWSWIRE) — GRANDE GROUP LIMITED (“GRAN” or the “Company”), a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services through its Hong Kong subsidiary, Grande Capital Limited, today announced the pricing of its initial public offering (the “Offering”) of 1,875,000 Class A ordinary shares (the “Class A Ordinary Shares”) at the price of $5.00 per Class A Ordinary Shares (the “Offering Price”).

    The Class A Ordinary Shares are expected to commence trading on the Nasdaq Capital Market on July 1, 2025 under the ticker symbol “GRAN.” The Offering is expected to close on July 2, 2025, subject to the satisfaction of customary closing conditions.

    The Company expects to receive gross proceeds of approximately US$9.375 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option (the “Over-Allotment Option”) to purchase up to an additional 281,250 Class A Ordinary Shares at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-allotment”). 

    The Company intends to use the net proceeds from the Offering for strengthening the corporate finance advisory business, developing the asset management business, establishing equity capital market services, and general working capital purposes.

    The Offering is conducted on a firm commitment basis. Cathay Securities, Inc. is acting as the underwriter (the “Underwriter”) for the Offering. Ortoli Rosenstadt LLP is acting as the U.S. securities counsel to the Company. Ogier is acting as the British Virgin Islands legal counsel to the Company. Loong & Yeung and David Fong & Co. are acting as the Hong Kong legal counsels to the Company. WWC, P.C. is acting as the independent registered public accounting firm of the Company.  Hunter Taubman Fischer & Li LLC is acting as the U.S. securities counsel to the Underwriter, in connection with the Offering.

    The Offering is being conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-283705) previously filed with, and subsequently declared effective on June 30, 2025 by the U.S. Securities and Exchange Commission (the “SEC”). The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from Cathay Securities, Inc.: 40 Wall St Suite 3600, New York, NY 10005, United States, Attention: Shell Li, or via email at service@cathaysecurities.com or telephone at +1 (855) 939-3888, or via the SEC’s website at www.sec.gov.
     
    Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made 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 other jurisdiction.

    About Grande Group Limited

    Through its Hong Kong subsidiary, Grande Capital Limited, Grande Group Limited is a Hong Kong-based financial services provider which principally engages in the provision of corporate finance advisory services and IPO sponsor services. Grande Capital Limited is licensed with the Securities and Futures Commission of Hong Kong (“HKSFC”) to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong. For more information, please visit: https://grande-capital.com/ 

    Forward-Looking Statement

    This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company’s statements regarding the expected trading of its Class A Ordinary Shares on the Nasdaq Capital Market, its intended use of proceeds and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Grande Group Limited Investor Relations Contact:
    Christensen Advisory
    Joanna Quan
    Email:grande.capital@christensencomms.com 
    Tel: +86-10-5900-1548

    The MIL Network

  • MIL-OSI: How to use ALL4 Mining’s cloud mining strategy simple guide provides direction and goals

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL, July 01, 2025 (GLOBE NEWSWIRE) — Traditionally, savings have been dominated by traditional means such as stocks, bonds, and savings accounts. But in today’s digital world, an intriguing player has emerged: cryptocurrency cloud mining. As people increasingly look at digital assets as investments, a question arises: Is cryptocurrency cloud mining a viable option for achieving long-term financial goals?

    This article explores how to incorporate cryptocurrency cloud mining into your long-term financial strategy. Despite its volatility, cryptocurrency offers opportunities for growth and diversification. We will discuss how to align cryptocurrency investing with your long-term goals, learn about these assets, and how ALL4 Mining can simplify your investment process. Join us as we explore the role of cryptocurrency cloud mining in planning your financial future.

    Potential benefits of investing in ALL4 Mining:
    Seamless mobile mining: The new mobile app offers a user-friendly interface that allows you to easily monitor your mining contracts, track daily earnings, and manage your investments.
    Enhanced security: The app is protected by top-tier security from McAfee® and Cloudflare®, ensuring your digital assets are protected wherever you are.
    Instant bonus: New users who sign up through the app receive an instant $15 sign-up bonus, and daily logins earn an additional $0.60.
    Diverse contract options: From one-day contracts starting at $15 to long-term investments, users can choose from a variety of mining plans to suit different budgets and goals.
    24/7 reliability: With 100% uptime and 24/7 technical support, the mobile app ensures that you can mine without interruption.

    How to start your investment journey with limited funds requires several key steps to ensure that you are on the right track:

    Step 1: Choose ALL4 Mining as your provider: ALL4 Mining’s mining method is simple and straightforward, and users only need a minimum deposit to start mining. The platform ensures that everyone can participate by providing daily returns on mining contracts and flexible withdrawal methods.

    Step 2: Register an account: Visit the ALL4 Mining official website all4mining.top, create an account with your email address, log in to access the control panel and start mining immediately.

    Step 3: Purchase a mining contract: ALL4 Mining offers a variety of contract options to meet different budgets and goals. Users can choose from the following options:

    • BTC basic computing power: investment amount: $100, contract period: 2 days, daily income of $4.0, expiration income: $100 + $8
    • LTC [classic computing power contract]: investment amount: $600, contract period: 6 days, daily income of $7.26, expiration income: $600 + $43.56
    • BTC [classic computing power contract]: investment amount: $3,000, contract period: 20 days, daily income of $42.9, expiration income: $3,000 + $858
    • DOGE [classic computing power contract]: investment amount: $5,000, contract period: 30 days, daily income of $75, expiration income: $5,000 + $2,250
    • BTC [advanced computing power contract]: investment amount: $10,000, contract period: 40 days, daily income of $166, maturity income: $10,000 + $6,640
    • BTC [Advanced Computing Power Contract]: Investment amount: $50,000, contract period: 48 days, daily income: $910, maturity income: $50,000 + $43,680
    • BTC [Super Computing Power Contract]: Investment amount: $150,000, contract period: 50 days, daily income: $2,925, maturity income: $150,000 + $146,250

    Now, with ALL4 Mining, saving for future financial goals (whether it’s retirement, your children’s education, or your dream home) can become more systematic and goal-oriented.

    ALL4 Mining is designed to help you set and achieve specific financial goals. You can deposit more than 10 different cryptocurrencies in it: such as (BTC, ETH, XRP, SOL, DOGE).

    ALL4 Mining encourages you to dive deeper into the world of cryptocurrency and explore its potential for long-term financial growth.

    ALL4 Mining offers a wealth of tutorial guides to help you further your understanding and improve your skills. In addition, ALL4 Mining simplifies and secures your long-term cryptocurrency savings. Join the cloud mining revolution today by visiting the official website https://all4mining.top/ or downloading the ALL4 Mining mobile app. Explore now and move towards a more diversified and rewarding financial future.

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    The MIL Network

  • MIL-OSI: Jean Barbagelata Joins Tech CU’s Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., July 01, 2025 (GLOBE NEWSWIRE) — Today, Tech CU (Technology Credit Union) announced the appointment of Jean Barbagelata to its Board of Directors, serving on both the Compensation Committee and the Nominating and Governance Committee. With more than 30 years of experience in senior leadership roles, Jean brings deep expertise in scaling technology companies, guiding organizational governance, and fostering inclusive, high-performance cultures.

    “We’re thrilled to welcome Jean to our Board of Directors,” said Todd Harris, CEO of Tech CU. “Her experience building and leading high-performing teams at both Fortune 500 companies and innovative startups adds an important perspective to our board.”

    Jean most recently served as Chief People Officer at Matterport, Inc. (NASDAQ: MTTR), where she was part of the executive team that grew revenue by 400% and led the company through its initial public offering in 2021. Prior to that, she held the same position at The RealReal (NASDAQ: REAL) and senior leadership roles at Salesforce and Gap Inc.

    Throughout her career, Jean has helped guide companies through major inflection points by aligning talent strategy with business goals, championing equity and inclusion, and building enduring leadership teams. She is also passionate about the responsible use of technology to expand financial access and create long-term value.

    She holds a bachelor’s degree in business and retailing from the University of Wisconsin-Madison.

    About Tech CU
    Tech CU is a $4.7 billion Bay Area credit union. As a federally insured not-for-profit organization, Tech CU has invested its resources to deliver superior rates, lower fees, and outstanding service and member benefits for more than 60 years while also supporting quality of life in local communities. It serves more than 200,000 members throughout the United States and provides financial products for all stages of its members’ lives, including personal banking, wealth management, private banking, commercial lending, and business banking. To learn more, please visit www.techcu.com.

    Contact:
    Linden Kohtz
    Public Relations, Tech CU
    lkohtz@techcu.com

    The MIL Network

  • MIL-OSI: Euronext statement regarding recent press speculations

    Source: GlobeNewswire (MIL-OSI)

    Euronext statement regarding recent press speculations

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 1 July 2025 – Euronext notes recent speculations. Euronext confirms that it has entered into discussions with the board of directors of HELLENIC EXCHANGES-ATHENS STOCK EXCHANGE S.A. (“ATHEX”), the Greek capital markets operator, about a possible offer to acquire up to 100% of the shares of ATHEX. This potential offer would be structured as a share exchange valuing ATHEX at €6.90 per share, leading to a fixed conversion rate of 21.029 ATHEX ordinary shares for each new Euronext share. Based on Euronext’s share price of €145.10 as of 30 June 2025, the potential offer would value the entire issued and to be issued ordinary share capital1 of ATHEX at €399 million on a fully diluted basis. The submission of an offer would be subject notably to due diligence.

    As the leading European market infrastructure, Euronext is positioned as the backbone of the European Savings and Investments Union, in the context of a growing need to enhance the European Union’s global competitiveness. A potential combination with ATHEX would deliver on Euronext’s ambition to consolidate European capital markets with growth and synergy opportunities. The combined Group would foster the harmonization of European capital markets, running on a unified trading and post-trade technology and operating on a cross-border clearing framework.

    Euronext is the largest liquidity pool in Europe, managing approximately 25% of cash equity trading activity in Europe and operating markets in major financial hubs such as Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris. A potential combination would allow Greek financial markets participants to join a network of over 1,800 listed companies with a combined market capitalisation exceeding €6 trillion. Euronext’s unique track record of integrating market infrastructures positions it ideally to boost the development and attractivity of Greek markets internationally and to generate efficiencies and competitiveness across the Group.

    The interest of Euronext for ATHEX reflects the strong confidence of Euronext in the development of the Greek economy and the growth potential coming from further integration of Greek capital markets into the Eurozone and the European Union. There can be no certainty, at this stage, that this would result in any agreement or transaction nor any offer being made. Euronext confirms that it will stick to its financial discipline and investment criteria policy as defined in its strategic plan. Euronext will communicate material information, if any, in due course.

    CONTACTS – EURONEXT

    ANALYSTS & INVESTORS ir@euronext.com

    Investor Relations        Aurélie Cohen         +33 6 85 99 86 76         

            Judith Stein             +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Andrea Monzani         +39 02 72 42 62 13                 

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                

    GREECE – V+O Communication

    ao@vando.gr        Argyro Oikonomou        +30 6936026335

    ia@vando.gr        Ioanna Alexopoulou        +30 6977403050           

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.


    1 Based on a total number of shares as at 30 June 2025 of 57,850,000, which exclude the number of treasury shares of 2,498,000

    Attachment

    The MIL Network

  • MIL-OSI: FirstBank’s Cube Hunt Campaign Surprises Communities and Supports Small Businesses

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, Colo., July 01, 2025 (GLOBE NEWSWIRE) — FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” is bringing a wave of excitement to Colorado this summer with its “our cube means business” campaign.

    From July 11 through September 5, Coloradans will be provided hints and urged to keep their eyes peeled for the bank’s signature orange cube at select businesses and storefronts across the foothills every Friday. Each surprise event will feature exclusive giveaways, major discounts, and other fun items, all first come, first served.

    The initiative aims to not only spotlight and support local businesses but also create uplifting community moments that reflect FirstBank’s core values. Bank representatives will be on-site each week to hand out giveaways and connect with attendees.

    “Our goal is to celebrate and strengthen small businesses while fostering a sense of community in a fun and memorable way,” said Kevin Classen, CEO of FirstBank. “Whether someone leaves with a generous gift card or discovers a new neighborhood favorite, everyone benefits—and that’s something to feel good about.”

    To keep things exciting, the featured business locations will remain a mystery until the day before each event, with clues revealed on FirstBank’s Instagram, Facebook, and efirstbank.com/cube every Thursday.

    The campaign encourages the community to follow along, join the fun, and discover hidden gems right in their backyard.

    Event Details:

    • What: “Our cube means business” pop-up events.
    • When: Every Friday from July 11 to September 5, 2025.
    • Where: Locations announced on Thursdays on FirstBank social media and efirstbank.com/cube
    • Why: To support small businesses and surprise attendees with exclusive giveaways.
    • Note: Events are first come, first served while supplies last. No purchase necessary.

    To learn more about the event, visit efirstbank.com/cube

    About FirstBank
    FirstBank began providing banking services in 1963. Today, it’s known as an industry leader in digital banking. It has grown to be one of the top-performing and largest privately held banks in the United States. FirstBank offers a variety of consumer deposit accounts, home equity loans, mortgages, rental property loans, and a full range of commercial banking services, including business financing, commercial real estate loans, treasury management, and more. Since 2000, FirstBank has been recognized as a top corporate philanthropist, contributing more than $90 million and thousands of volunteer hours to charitable organizations. The company is also unique in that a large portion of its stock is owned by management and employees, giving employees a financial stake in the bank’s success through its Employee Stock Ownership Program. For more information, visit www.efirstbank.com. Member FDIC.

    Media Contact
    Cody Wheeler
    (303) 228-6986 x 148

    The MIL Network

  • MIL-OSI: FirstBank’s Cube Hunt Campaign Surprises Communities and Supports Small Businesses

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, Colo., July 01, 2025 (GLOBE NEWSWIRE) — FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” is bringing a wave of excitement to Colorado this summer with its “our cube means business” campaign.

    From July 11 through September 5, Coloradans will be provided hints and urged to keep their eyes peeled for the bank’s signature orange cube at select businesses and storefronts across the foothills every Friday. Each surprise event will feature exclusive giveaways, major discounts, and other fun items, all first come, first served.

    The initiative aims to not only spotlight and support local businesses but also create uplifting community moments that reflect FirstBank’s core values. Bank representatives will be on-site each week to hand out giveaways and connect with attendees.

    “Our goal is to celebrate and strengthen small businesses while fostering a sense of community in a fun and memorable way,” said Kevin Classen, CEO of FirstBank. “Whether someone leaves with a generous gift card or discovers a new neighborhood favorite, everyone benefits—and that’s something to feel good about.”

    To keep things exciting, the featured business locations will remain a mystery until the day before each event, with clues revealed on FirstBank’s Instagram, Facebook, and efirstbank.com/cube every Thursday.

    The campaign encourages the community to follow along, join the fun, and discover hidden gems right in their backyard.

    Event Details:

    • What: “Our cube means business” pop-up events.
    • When: Every Friday from July 11 to September 5, 2025.
    • Where: Locations announced on Thursdays on FirstBank social media and efirstbank.com/cube
    • Why: To support small businesses and surprise attendees with exclusive giveaways.
    • Note: Events are first come, first served while supplies last. No purchase necessary.

    To learn more about the event, visit efirstbank.com/cube

    About FirstBank
    FirstBank began providing banking services in 1963. Today, it’s known as an industry leader in digital banking. It has grown to be one of the top-performing and largest privately held banks in the United States. FirstBank offers a variety of consumer deposit accounts, home equity loans, mortgages, rental property loans, and a full range of commercial banking services, including business financing, commercial real estate loans, treasury management, and more. Since 2000, FirstBank has been recognized as a top corporate philanthropist, contributing more than $90 million and thousands of volunteer hours to charitable organizations. The company is also unique in that a large portion of its stock is owned by management and employees, giving employees a financial stake in the bank’s success through its Employee Stock Ownership Program. For more information, visit www.efirstbank.com. Member FDIC.

    Media Contact
    Cody Wheeler
    (303) 228-6986 x 148

    The MIL Network

  • MIL-OSI Economics: 5 ways AI is supercharging research in financial services

    Source: Microsoft

    Headline: 5 ways AI is supercharging research in financial services

    As the capital markets industry has expanded both in scope and complexity, research has only become more essential. Since the late twentieth century, globalization, specialization, and increasingly complex regulatory frameworks have all elevated research from an interesting competitive differentiator to a competitive imperative. Now, with the application of increasingly powerful AI solutions, research is poised to become the defining factor in determining winners and losers in a rapidly shifting landscape.  

    At Microsoft, we develop highly tailored, long-term technology partnerships with financial services firms around the world. Increasingly, this includes co-innovating with AI to help unlock new business value and deepen customer relationships. At present, enhancing research and analytics with AI is one of the primary transformation levers for investment banks, asset management firms, and financial data and analytics providers. In many cases, it is helping to solve longstanding challenges around deriving greater value from data and rapidly converting insights into competitive advantage. 

    Explore AI solutions with Microsoft for financial services

    Realizing the promise of data-driven research through AI 

    AI is rapidly changing the nature and value of advanced analytics in research. Traditional analytics have long helped firms understand what happened and why—but AI is helping them predict what will happen next and prescribe optimal courses of action in real time.

    This shift from retrospective analysis to proactive intelligence can help firms unlock new sources of value and ultimately develop groundbreaking new products that redefine the competitive landscape. 

    As innovative firms recognize the potential of AI, they also see the opportunity to address longstanding challenges that hinder effective research. Among these:  

    • Data overload and complexity
      Financial markets are inundated with massive volumes of data from diverse, often siloed sources that can be difficult to integrate and synthesize. This makes it hard to access the right data at the right time, which can slow decision-making and heighten risk. As data requirements become more complex, solutions are needed that can unify, structure, and analyze data at scale to deliver timely, actionable insights.
    • Fragmented workflows across user journeys
      Research analysts frequently struggle to navigate large volumes of disparate data housed in disconnected systems, tools, and formats, leading to time-consuming manual data compilation and synthesis. The increase in non-integrated tools, applications, and data structures disrupts business workflows and can lead to inefficiencies, duplication of effort, errors of omission, and delays in decision-making.
    • Dependency on traditional data sources
      Many firms and analysts rely heavily on conventional market reference data, company fundamentals, industry reports, and databases, which often lack real-time insights and limit the speed and accuracy of market predictions. As new opportunities arise, firms need solutions that can extract more value out of existing sources while also making it easy to incorporate alternative and real-time sources—enhancing both predictive accuracy and responsiveness to market shifts.
    • Information overload and time constraints
      Research and analyst professionals are always challenged to keep up with reports, emails, meetings, and chats. The overload tends to slow decision-making and increases the risk of missed opportunities. Stringent regulatory compliance requirements add additional demands.  

    Five ways AI redefines the value of research in financial services 

    AI gives financial services firms new solutions to these longstanding barriers and opportunities to use data in new ways that can differentiate their offerings. Here are five important areas where AI can change the game: 

    1. Advance analysis with AI-powered analytics 

    AI-powered analytics empower research analysts to cut through the noise of information overload and extract valuable insights with unprecedented speed and precision. The combination of AI with predictive analytics empowers researchers to analyze historical patterns more deeply, identify emerging trends, and make more informed investment decisions. This can ultimately help to improve engagement and win rates. 

    A prime example of this is our partnership with Moody’s where we co-developed innovative solutions for research and risk assessment. Moody’s Research Assistant significantly increases productivity and effectiveness, with users reporting up to 80% time savings on data collection and 50% on analysis during the pilot phase.1  

    2. Accelerate operational efficiency through intelligent automation 

    Traditional research processes—such as manual data compilation, synthesis, and report generation—are time-consuming and error-prone. AI-powered automation transforms them by integrating data sources, automating repetitive tasks, and promoting seamless collaboration across teams, which results in faster turnaround times, reduced operational costs, and improved operational efficiency.  

    With tools like Microsoft Copilot, Researcher agent, and Analyst agent, firms can significantly boost productivity and operational efficiency. These AI-powered assistants can handle such tasks as summarizing investor reports and earnings calls, creating presentation-ready visualizations from raw data, and drafting research documents and client-ready insights quickly. This frees up valuable time for analysts to focus on higher-value activities, such as strategic analysis and client engagement. 

    3. Deliver real-time insights 

    To help meet the accelerating pace of business, AI-powered applications empower financial services firms to surface real-time insights from a variety of sources including market news, earnings reports, and social media.  

    Bridging knowledge across platforms helps analysts identify emerging trends faster and develop better investment strategies. For example, AI can continuously monitor global news sources and sentiment signals to identify early indicators of market shifts and potential disruptions. Firms can then use this information to react swiftly and make proactive investment decisions ahead of competitors. 

    Firms can build new AI-powered solutions that incorporate real-time data into advanced searches, personalization, and recommendations, using innovations like the powerful vector database built by KX—essentially, a specialized system that understands the meaning and context of a huge set of data types such as text, images, or PDFs. It aims to help financial institutions seize opportunities faster by turning real-time data into real-time action. 

    4. Empower employees with high-value experiences 

    AI-powered tools can transform how financial services professionals work with tools and solutions that support the most critical research functions, such as financial modeling and pitchbook preparation. Processes can be significantly streamlined while remaining interoperable, secure, and compliant.  

    A good example of this is the innovation resulting from our long-term strategic partnership with LSEG (London Stock Exchange Group) to transform data with next-generation productivity and analytics solutions. One recent advancement is the launch of the LSEG Workspace Add-in, which integrates AI-powered insights into Excel and PowerPoint. With features like contextual data discovery and interactive charting, the add-in can help financial professionals work faster and more insightfully. 

    Reducing the burden of manual tasks can also help boost job satisfaction. The integration of AI into daily workflows helps people focus on more intellectually stimulating activities, freeing up time for higher-value analysis and strategic thinking, and helping to attract and retain top talent. 

    5. Deepen market understanding 

    AI-powered analytics are transforming how analysts understand markets and convert insights into action. By processing vast amounts of financial data in real-time, AI can uncover complex patterns and correlations that were previously undetectable, such as market sentiment from news articles and social media or a real-time pulse on investor sentiment or market dynamics. Machine learning models can predict stock price movements with greater accuracy by integrating diverse data sources, including economic indicators and company performance metrics. 

    A richer view of market forces and dynamics translates into better decision-making and sharper investment strategies. It helps firms anticipate emerging risks and opportunities sooner, enabling them to respond faster and more confidently in an increasingly volatile market landscape. 

    Now is the time for agentic AI 

    A new class of AI tools will soon deliver the ability to plan, reason, and take actions to achieve goals. In financial services, they will be able to gather, analyze, and contextualize information autonomously from diverse sources and proactively surface relevant insights—or even suggest strategic actions based on real-time developments. 

    On the near horizon, advanced “orchestrator” agents will focus on new capabilities in distinct functional areas such as market intelligence, data aggregation, strategy simulation, reporting, and compliance. This holds the potential for powerful competitive advantages, helping analysts to stay ahead of market shifts, make more accurate predictions, and deliver higher-impact recommendations. 

    Learn more 

    Microsoft for financial services

    Unlock business value and deepen customer relationships in the era of AI


    1 Moody’s Investor Relations, “Moody’s Launches Moody’s Research Assistant,” December 2023.

    MIL OSI Economics

  • MIL-OSI Economics: 5 ways AI is supercharging research in financial services

    Source: Microsoft

    Headline: 5 ways AI is supercharging research in financial services

    As the capital markets industry has expanded both in scope and complexity, research has only become more essential. Since the late twentieth century, globalization, specialization, and increasingly complex regulatory frameworks have all elevated research from an interesting competitive differentiator to a competitive imperative. Now, with the application of increasingly powerful AI solutions, research is poised to become the defining factor in determining winners and losers in a rapidly shifting landscape.  

    At Microsoft, we develop highly tailored, long-term technology partnerships with financial services firms around the world. Increasingly, this includes co-innovating with AI to help unlock new business value and deepen customer relationships. At present, enhancing research and analytics with AI is one of the primary transformation levers for investment banks, asset management firms, and financial data and analytics providers. In many cases, it is helping to solve longstanding challenges around deriving greater value from data and rapidly converting insights into competitive advantage. 

    Explore AI solutions with Microsoft for financial services

    Realizing the promise of data-driven research through AI 

    AI is rapidly changing the nature and value of advanced analytics in research. Traditional analytics have long helped firms understand what happened and why—but AI is helping them predict what will happen next and prescribe optimal courses of action in real time.

    This shift from retrospective analysis to proactive intelligence can help firms unlock new sources of value and ultimately develop groundbreaking new products that redefine the competitive landscape. 

    As innovative firms recognize the potential of AI, they also see the opportunity to address longstanding challenges that hinder effective research. Among these:  

    • Data overload and complexity
      Financial markets are inundated with massive volumes of data from diverse, often siloed sources that can be difficult to integrate and synthesize. This makes it hard to access the right data at the right time, which can slow decision-making and heighten risk. As data requirements become more complex, solutions are needed that can unify, structure, and analyze data at scale to deliver timely, actionable insights.
    • Fragmented workflows across user journeys
      Research analysts frequently struggle to navigate large volumes of disparate data housed in disconnected systems, tools, and formats, leading to time-consuming manual data compilation and synthesis. The increase in non-integrated tools, applications, and data structures disrupts business workflows and can lead to inefficiencies, duplication of effort, errors of omission, and delays in decision-making.
    • Dependency on traditional data sources
      Many firms and analysts rely heavily on conventional market reference data, company fundamentals, industry reports, and databases, which often lack real-time insights and limit the speed and accuracy of market predictions. As new opportunities arise, firms need solutions that can extract more value out of existing sources while also making it easy to incorporate alternative and real-time sources—enhancing both predictive accuracy and responsiveness to market shifts.
    • Information overload and time constraints
      Research and analyst professionals are always challenged to keep up with reports, emails, meetings, and chats. The overload tends to slow decision-making and increases the risk of missed opportunities. Stringent regulatory compliance requirements add additional demands.  

    Five ways AI redefines the value of research in financial services 

    AI gives financial services firms new solutions to these longstanding barriers and opportunities to use data in new ways that can differentiate their offerings. Here are five important areas where AI can change the game: 

    1. Advance analysis with AI-powered analytics 

    AI-powered analytics empower research analysts to cut through the noise of information overload and extract valuable insights with unprecedented speed and precision. The combination of AI with predictive analytics empowers researchers to analyze historical patterns more deeply, identify emerging trends, and make more informed investment decisions. This can ultimately help to improve engagement and win rates. 

    A prime example of this is our partnership with Moody’s where we co-developed innovative solutions for research and risk assessment. Moody’s Research Assistant significantly increases productivity and effectiveness, with users reporting up to 80% time savings on data collection and 50% on analysis during the pilot phase.1  

    2. Accelerate operational efficiency through intelligent automation 

    Traditional research processes—such as manual data compilation, synthesis, and report generation—are time-consuming and error-prone. AI-powered automation transforms them by integrating data sources, automating repetitive tasks, and promoting seamless collaboration across teams, which results in faster turnaround times, reduced operational costs, and improved operational efficiency.  

    With tools like Microsoft Copilot, Researcher agent, and Analyst agent, firms can significantly boost productivity and operational efficiency. These AI-powered assistants can handle such tasks as summarizing investor reports and earnings calls, creating presentation-ready visualizations from raw data, and drafting research documents and client-ready insights quickly. This frees up valuable time for analysts to focus on higher-value activities, such as strategic analysis and client engagement. 

    3. Deliver real-time insights 

    To help meet the accelerating pace of business, AI-powered applications empower financial services firms to surface real-time insights from a variety of sources including market news, earnings reports, and social media.  

    Bridging knowledge across platforms helps analysts identify emerging trends faster and develop better investment strategies. For example, AI can continuously monitor global news sources and sentiment signals to identify early indicators of market shifts and potential disruptions. Firms can then use this information to react swiftly and make proactive investment decisions ahead of competitors. 

    Firms can build new AI-powered solutions that incorporate real-time data into advanced searches, personalization, and recommendations, using innovations like the powerful vector database built by KX—essentially, a specialized system that understands the meaning and context of a huge set of data types such as text, images, or PDFs. It aims to help financial institutions seize opportunities faster by turning real-time data into real-time action. 

    4. Empower employees with high-value experiences 

    AI-powered tools can transform how financial services professionals work with tools and solutions that support the most critical research functions, such as financial modeling and pitchbook preparation. Processes can be significantly streamlined while remaining interoperable, secure, and compliant.  

    A good example of this is the innovation resulting from our long-term strategic partnership with LSEG (London Stock Exchange Group) to transform data with next-generation productivity and analytics solutions. One recent advancement is the launch of the LSEG Workspace Add-in, which integrates AI-powered insights into Excel and PowerPoint. With features like contextual data discovery and interactive charting, the add-in can help financial professionals work faster and more insightfully. 

    Reducing the burden of manual tasks can also help boost job satisfaction. The integration of AI into daily workflows helps people focus on more intellectually stimulating activities, freeing up time for higher-value analysis and strategic thinking, and helping to attract and retain top talent. 

    5. Deepen market understanding 

    AI-powered analytics are transforming how analysts understand markets and convert insights into action. By processing vast amounts of financial data in real-time, AI can uncover complex patterns and correlations that were previously undetectable, such as market sentiment from news articles and social media or a real-time pulse on investor sentiment or market dynamics. Machine learning models can predict stock price movements with greater accuracy by integrating diverse data sources, including economic indicators and company performance metrics. 

    A richer view of market forces and dynamics translates into better decision-making and sharper investment strategies. It helps firms anticipate emerging risks and opportunities sooner, enabling them to respond faster and more confidently in an increasingly volatile market landscape. 

    Now is the time for agentic AI 

    A new class of AI tools will soon deliver the ability to plan, reason, and take actions to achieve goals. In financial services, they will be able to gather, analyze, and contextualize information autonomously from diverse sources and proactively surface relevant insights—or even suggest strategic actions based on real-time developments. 

    On the near horizon, advanced “orchestrator” agents will focus on new capabilities in distinct functional areas such as market intelligence, data aggregation, strategy simulation, reporting, and compliance. This holds the potential for powerful competitive advantages, helping analysts to stay ahead of market shifts, make more accurate predictions, and deliver higher-impact recommendations. 

    Learn more 

    Microsoft for financial services

    Unlock business value and deepen customer relationships in the era of AI


    1 Moody’s Investor Relations, “Moody’s Launches Moody’s Research Assistant,” December 2023.

    MIL OSI Economics

  • MIL-OSI Canada: Premier’s statement on Canada Day

    Source: Government of Canada regional news

    Premier David Eby has issued the following statement celebrating Canada Day:

    “Today, millions of people across our vast, beautiful land – from Bonavista to Vancouver Island, from the Arctic Circle to the Great Lakes waters – are celebrating Canada Day.

    “People will gather to enjoy food and fireworks, as well as parties and parades. This is a wonderful time for communities to gather and celebrate our peaceful and democratic country.

    “This Canada Day is unlike any other in recent memory, as we face unprecedented economic and political threats. Those dangers have sharpened our appreciation for what we have accomplished in building the Canada we love, including such monumental achievements as a public health-care system. To be Canadian is to be proud of the way we take care of each other.

    “The challenges we face in improving our country are many. We do so confident that we will find solutions by working together. Even as we debate our differences with vigour, we keep in mind far more unites us than divides us.

    “The Canada of today is the result of a long history of compromise and negotiation, reflecting the Canadian values of fairness, generosity and humility. We should be proud of the role Canada has played in the world. We have answered the call to combat tyranny, and have also been ardent peacekeepers in troubled lands. We have welcomed waves of newcomers throughout our history, and we are proud today to be able to offer sanctuary to people from war-torn countries who seek peace and security.

    “The pride we feel for our country does not mean we ignore our own troubled and complicated history. Canada Day offers an opportunity for reflection on the impact of colonialism on generations of Indigenous Peoples. Our government is dedicated to addressing these matters in a spirit of reconciliation in partnership with Indigenous Peoples.

    “The work of building a better Canada is never done, as nation building is an assignment without end. We will always seek to make a country that in every way is more peaceful, more prosperous and more democratic for ourselves, our families, our neighbours, our communities and for all who call this land home. An important part of that is our desire in British Columbia to build an economy that works for everyone.

    “Let’s take the opportunity this Canada Day to remind ourselves of what we have accomplished together. Happy Canada Day!”

    MIL OSI Canada News

  • MIL-OSI: Will XRP reach $5? PBK Miner expands XRP mining contracts to meet surging investment demand

    Source: GlobeNewswire (MIL-OSI)

    Carshalton, UK, July 01, 2025 (GLOBE NEWSWIRE) — After nearly four years of legal proceedings, Ripple has agreed to pay a $125 million fine and withdraw all ongoing appeals, officially ending its long-running dispute with the U.S. Securities and Exchange Commission (SEC). With this legal uncertainty finally resolved, investor confidence in XRP has strongly rebounded, and the market is speculating whether XRP can reach $5?

    The recent surge in interest has led investors to PBK Miner (PBK Miner XRP mining contract), an AI-driven XRP cloud mining platform rapidly gaining popularity as the go-to option for those anticipating the next cryptocurrency bull market.

    XRP Heading Towards $5: What It Means for Investors

    PBK Miner chief analyst said that the resolution of regulatory uncertainty has made the probability of the US approving an XRP ETF 95%, which could trigger a large inflow of institutional capital. For XRP holders and new investors, PBK Miner provides a low-threshold, efficient way to take advantage of this growth opportunity. Through its AI-optimized XRP mining contracts, users can start earning stable daily returns without expensive equipment or technical knowledge.

    Why PBK Miner’s XRP Mining Model is Expected to Take the Lead in 2025

    Unlike traditional mining that relies on Proof of Work (PoW), XRP uses a consensus protocol, which makes traditional mining infeasible. PBK Miner solves this problem by providing a next-generation cloud mining solution that combines the flexibility of smart contracts, high-yield algorithms, and a convenient entry point for all users. Its AI-driven yield engine dynamically allocates computing power to maximize performance, allowing investors to receive daily returns from XRP cloud mining in real time. Just one week after PBK Miner went online, XRP mining contract sales soared 379%, and users flocked to its low-threshold, high-liquidity solution.

    Main features of PBK Miner XRP cloud mining contract

    • No Hardware Required– Open to all users, no mining equipment or technical setup required.
    • Daily Returns– Earn daily profits based on your active contracts.
    • Secure Asset Custody– Funds are protected by PBK Miner’s enterprise-grade security infrastructure.
    • Flexible Terms – Contract amounts range from $10 to $100,000, with terms from 1 to 50 days.

    Flexible XRP mining plans are now available.

    Following the success of BTC cloud mining contracts, PBK Miner now offers over 10 different XRP mining plans. With weekly purchases growing 379%, users can choose the right plan based on their budget and financial goals. All contracts support XRP mining and guarantee a full return of principal at maturity, making them an ideal low-risk entry point for beginners and experienced investors.

    Sample plans include:

    • $100 Plan – 2 days – Earn $3.50 per day
    • $1,000 Plan – 9 days – Earn $13.50 per day
    • $5,000 Plan – 30 days – Earn $77.50 per day
    • $10,000 Plan – 45 days – Earn $165.00 per day

    These figures are not speculation – they are based on real-time data from over 8 million users worldwide, and are powered by PBK Miner’s high-performance infrastructure and AI-optimized profit model.

    Click here to explore more cloud mining plans.

    Why PBK Miner XRP Mining is Ideal for Beginners and Experts

    • No hardware required– mine XRP instantly using PBK Miner’s enterprise-grade infrastructure
    • Zero maintenance costs– no electricity, no installation fees – pure profit
    • Instant withdrawals– daily income can be withdrawn at any time
    • $10 welcome bonus – new users can get $10 in free XRP when they sign up
    • With an investment threshold as low as $100, users can participate in XRP mining and enjoy stable short-term returns without taking the risk of market fluctuations.

    How to start XRP mining in minutes?

    1. RegisterSign up and claim your $10 bonus + daily login bonus
    2. Choose a plan– Select a contract that suits your strategy, from 2 to 30 days
    3. Start mining– Let PBK Miner’s AI engine do the work while you earn daily profits

    About PBK Miner

    Founded in 2019, PBK Miner is a global leader in AI cloud mining, serving more than 8 million users in 183 countries and regions. The platform supports mining of XRP, BTC, ETH, LTC, DOGE, and SOL, providing a reliable option for low-risk, high-return cryptocurrency investment. With the price of XRP approaching the $5 mark, PBK Miner’s XRP mining ecosystem provides one of the most practical and profitable ways to participate.

    Learn more and start mining XRP today: https://pbkminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: Unlock 100x Leverage Crypto Futures Trading – No KYC, Double Deposit Bonus and $50 Welcome Bonus for All on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 01, 2025 (GLOBE NEWSWIRE) — BexBack Exchange is offering an exciting new promotion: a 100% deposit bonus, a $50 welcome bonus for new users, and 100x leverage on cryptocurrency futures trading – all with no KYC required! This is your chance to maximize potential returns in a high-volatility market.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a top-tier cryptocurrency derivatives platform offering up to 100x leverage on BTC, ETH, ADA, SOL, XRP, and over 50 other futures contracts. Headquartered in Singapore, with additional offices in Hong Kong, Japan, the United States, the UK, and Argentina, BexBack is licensed as a US MSB (Money Services Business). Trusted by more than 500,000 traders globally, the platform welcomes users from the US, Canada, and Europe. BexBack offers zero deposit fees and provides comprehensive customer service available 24/7 to ensure an exceptional trading experience.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC and 1M USDT in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (Deposit greater than 0.001BTC or 100 USDT, complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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