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Category: Finance

  • MIL-OSI United Nations: GAR 2025 Map explorations

    Source: UNISDR Disaster Risk Reduction

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    GAR 2025

    The Global Assessment Report (GAR) 2025: Resilience Pays: Financing and Investing for our Future highlights how smarter investment can re-set the destructive cycle of disasters, debt, un-insurability and humanitarian need that threatens a climate-changed world.

    GAR 2025 report

    As climate change continues to escalate, the number of recorded disasters and their associated costs rise correspondingly.

    The costs connected to hazards
    For the big five major hazard groups (earthquakes, floods, storms, drought and heat) the recorded direct economic costs came to over USD 195.7 billion in 2023, constituting 0.015% of global GDP that year.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: From billions to trillions: Flagship UN report reveals true cost of disasters and how to reduce them

    Source: UNISDR Disaster Risk Reduction

    GENEVA – Disasters are increasingly expensive and their impacts under-estimated. The Global Assessment Report on Disaster Risk Reduction (GAR) 2025, highlights how direct disaster costs have grown to approximately $202 billion annually, but that the true costs of disasters is over $2.3 trillion when cascading and ecosystem costs are taken into account. The burden of this cost- and the debt it creates- disproportionately fall on developing countries, but it doesn’t need to be this way.

    Published by the United Nations Office for Disaster Risk Reduction (UNDRR), the GAR 2025 report titled “Resilience Pays: Financing and Investing for our Future,” outlines how aligning investments with risk realities can break spirals of debt, uninsurability, and increasing humanitarian needs.

    “This year’s Global Assessment Report on Disaster Risk Reduction examines the risks posed by disasters from now to 2050 and presents an indisputable case for action. It shows the eye-watering losses inflicted by disasters today, which hit vulnerable people the hardest. And it demonstrates that, on our current trajectory, costs will continue to mount as the climate crisis worsens. But it also illustrates that, by boosting and sustaining investment in disaster risk reduction and prevention, we can slow that trend and reap economic benefits – saving lives and livelihoods while driving growth and prosperity, to help reach our Sustainable Development Goals,” wrote António Guterres, the UN Secretary-General, in his foreword welcoming the report.

    The report outlines how the effects of increasing disaster costs are already being felt around the globe, from the emergence of areas deemed too risky for insurance companies to cover, to growing national debts, and recurring humanitarian crises.

    However, it also presents case studies and policy recommendations for how investments in resilience can help stop the growing economic cost of disasters, reduce humanitarian needs, and make scarce international assistance resources even more effective.

    “Systematic and greater investment in disaster risk reduction and resilience can not only arrest these trends but also reverse them. When riverbank communities have access to scientific tools for planning their land use, when they have resources for building flood protection systems, and when they have early warning systems, they not only reduce damages and losses from floods, but also create conditions for prosperity and sustainable growth in their communities,” said Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction and the Head of UNDRR.

    The findings of GAR 2025 are especially relevant ahead of the 4th International Conference on Financing for Development, and speak to specific options for enhancing multilateral finance to better protect smaller developing economies. The report also shows how the private sector can play a key role in reducing the economic damage of disasters and in filling the protection gap that leaves many countries in a worsening spiral of repeated disasters.

    Increasing the quantity and quality of disaster risk reduction investments, in everything from early warning systems to critical infrastructure and schools, will be a focus of many of the discussions at the Global Platform for Disaster Risk Reduction, which UNDRR is convening from 2 to 6 June, and is hosted by the Government of Switzerland in Geneva.

    MIL OSI United Nations News –

  • President Murmu presents Padma Awards; PM Modi calls awardees’ journeys “deeply motivating”

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu on Tuesday presented the Padma Awards to 68 individuals across a diverse range of disciplines during the second Civil Investiture Ceremony held at Rashtrapati Bhavan. Prime Minister Narendra Modi also attended the ceremony and expressed his admiration for the awardees.

    In a post on X, the prime minister said, “Attended the Civil Investiture Ceremony-II, where the Padma Awards were presented. The Padma awardees have made notable contributions to our society. The life journeys of those who were conferred the Padma are deeply motivating.”

    Vice-President Jagdeep Dhankhar, Union Ministers Amit Shah, S. Jaishankar, Pralhad Joshi, Jitendra Singh, G. Kishan Reddy, and several other dignitaries were present on the occasion.

    The Padma Awards, among the highest civilian honours in India, are presented in three categories: Padma Vibhushan, Padma Bhushan, and Padma Shri. This year, the government had announced a total of 139 Padma awardees on the eve of Republic Day.

  • MIL-OSI: Red Cat Partners with ESAero to Support Manufacturing for Teal’s Black Widow™

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, May 27, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a partnership with ESAero to provide critical AS9100 manufacturing capacity for the Black Widow sUAS and its subsystems. The AS9100 standard ensures a manufacturer has a quality management system in place to meet the stringent requirements of the aerospace industry.

    Teal Drones is a wholly owned subsidiary of Red Cat Holdings. The company’s Black Widow drone is a small unmanned aerial system (sUAS) designed for short-range reconnaissance (SRR) missions. The system, which was down selected for the U.S. Army’s SRR Program of Record contract, provides military operators with improved situational awareness, autonomous capabilities, and rugged performance in contested environments.

    “As we ramp up production of the Black Widow to fulfill our SRR contracts and meet growing demand from U.S. and international customers, securing high-quality, aerospace-certified manufacturing capacity is critical,” said Jeff Thompson, Red Cat CEO. “ESAero’s facilities, combined with their deep engineering expertise, make them an ideal partner for Red Cat. This collaboration supports our ability to scale manufacturing, focus on continuous improvement, and deliver mission-ready sUAS platforms to the warfighters that depend on them.”

    ESAero is committed to supporting Red Cat’s mission of delivering high-quality Made-in-America sUAS to its customers and the warfighter. With multiple AS9100-certified manufacturing facilities located in San Luis Obispo, CA, ESAero is well-positioned to enhance the production throughput of Teal’s technologies for key customers. ESAero’s vertically integrated facilities and robust supply chain are perfectly suited to bolster the production of components and subsystems for Black Widow in a schedule-driven manner.

    “We have had a great relationship with Red Cat over the past year and a half supporting various developments, including the Teal 2 and Black Widow,” said Andrew Gibson, President, CEO, and Co-Founder of ESAero. “During this time, we have made significant investments in our manufacturing capability for producing Group I – III UAS at scale, which we are thrilled to now provide to Red Cat and Teal. We believe this partnership will effectively and efficiently provide Teal the capacity they need to meet the production needs of their customers and the warfighter.”

    Red Cat and ESAero recognize the importance of strong partnerships within America’s industrial base to meet the critical production needs of the warfighter. By combining Teal’s core technology with ESAero’s proven ability to scale production of advanced systems, Black Widow will be well positioned to be deployed rapidly and reliably.

    About Red Cat Holdings, Inc.

    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a leading-edge Family of Systems. This includes the flagship Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    About Empirical Systems Aerospace, Inc. (ESAero)

    ESAero produces Unmanned Aerial Systems (UAS) and advanced aerospace technologies for commercial and military applications. An established leader in the field, ESAero has been demonstrating for decades its core competencies in the design and manufacturing of innovative, reliable, and scalable aircraft systems including power and battery management systems. Based in San Luis Obispo, California, ESAero provides vertically integrated AS9100 certified services in R&D, engineering, design for manufacturing, rapid prototyping, testing, and serialized production expanding in the thousands. With over 130,000 sq.ft., ESAero has the capacity, capability, and facilities to scale and accelerate manufacturing to support its partners and customers.

    Forward Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:

    E-mail: Investors@redcat.red

    NEWS MEDIA:

    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • Data Users Conference in Hyderabad highlights India’s investment and informal sector trends

    Source: Government of India

    Source: Government of India (4)

    The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), held a Data Users Conference at the Indian School of Business (ISB) in Hyderabad on May 27. The conference focused on bridging the gap between data producers and users through discussions on the ASUSE 2023–24 and the Forward-Looking Private Sector CAPEX Investment Intentions Survey.

    More than 200 participants from academia, policy, industry, and international organizations joined the discussions. MoSPI Secretary Dr. Saurabh Garg highlighted innovations like the monthly PLFS release, the CAPEX survey, and a revamped data portal, reiterating the ministry’s ‘Data for Development’ vision.

    Chief Economic Advisor Dr. V. Anantha Nageswaran emphasized the importance of granular data in policymaking and praised MoSPI’s integration of administrative datasets and AI tools. ISB Dean Prof. Madan M. Pillutla and NSS DG Ms. Geeta Singh Rathore underscored the significance of collaboration, capacity-building, and data accessibility.

    Technical sessions explored ASUSE’s new sampling design, the policy relevance of CAPEX data, and its value for MSMEs. A panel discussion highlighted capital formation trends, the role of households in GFCF, and the need for better access to microdata and stronger state-level systems.

    Key takeaways included expanding ASUSE profiling, aligning CAPEX data with Vision 2047 goals, tracking MUDRA’s impact, and integrating renewable energy investment intentions into future surveys.

    The conference reaffirmed the collective commitment to advancing data-driven governance in India.

  • MIL-OSI USA: Farewell Remarks by CFTC Commissioner Christy Goldsmith Romero: The Future of Financial Services Regulation

    Source: US Commodity Futures Trading Commission

    Remarks as Prepared for Delivery 
    Thank you to Brookings for inviting me to give my farewell remarks as I depart from the Commission and retire from 23 years of federal service.  For the last time, I will give the disclaimer that my views are my own as a Commissioner and do not necessarily reflect the views of the Commission or my fellow Commissioners.
    I have been reflecting on my public service under four Presidents and today I am feeling nostalgic.  I have had such a good run.  I want to express my gratitude to so many.  First and foremost, I’m grateful to my wife and children.  I am grateful to President Biden and President Obama for believing and trusting in me with three Presidential nominations.  I’m grateful to those Senators in both parties who have actively supported me and unanimously confirmed me twice.  I am grateful to the leaders with which I have had the privilege to serve, including my fellow Commissioners.  I am also grateful to all my staff, the hundreds of people who have worked for me and put their trust in my leadership.
    Never could I have planned or envisioned such a meaningful and fulfilling career.  All I knew was that I was following my passion to make a difference in our financial system.  I have always wanted our financial system to serve everyone, not just powerful interests.  And along the way, I learned from each of the leaders I worked for—my SEC enforcement leaders, SEC Chairs Chris Cox and Mary Schapiro, and at Treasury, Neil Barofsky, the first Special Inspector General for TARP (or SIGTARP) before me.
    Never could I have imagined that my work would get the notice of President Obama who appointed me as the SIGTARP in 2012.  I can share that it was entirely daunting to be a 41-year-old career staffer sitting on the same Senate Banking confirmation panel with Jay Powell.  Of course, that meant that I did not get many questions.
    But don’t worry.  Senate Banking would make up for that this past summer when I got two plus hours of questions in my confirmation hearing for FDIC Chair.
    At SIGTARP, I was forged by fire, as were all of us who worked to strengthen the financial system in the wake of the 2008 financial crisis.  Former FDIC Chair Sheila Bair supported me for FDIC Chair this summer drawing on the work that we did during the financial crisis.  Last year, I was at Treasury and ran into former Secretary Paulson who remembered me and said, “Those were the days.  Look at what we did for the economy.”
    SIGTARP is also where I honed my leadership of white-collar law enforcement.  We worked closely with DOJ to bring justice and accountability to just about every major Wall Street financial institution and 465 criminal defendants.  This includes 76 bankers who courts sentenced to prison for crisis-related crimes.
    I continue to feel tremendous affection and gratitude to all those who served at SIGTARP as I learned invaluable lessons about how to lead an organization. SIGTARP is where I found my voice and the courage to speak truth to power.  It was a necessity when testifying before Congress and meeting with Treasury Secretaries, the Federal Reserve Chair, the FDIC Chair, and Attorneys General.
    As SIGTARP was winding down, I was fortunate to be contacted by several Senators and President Biden’s White House about a possible next appointment.  Various financial regulators were discussed.
    I raised the possibility of the CFTC.  First, I had always enjoyed being a market regulator.  Second, I was interested in climate-related financial issues, and the Chairman had sponsored a climate report and was speaking a lot on climate issues.  Third, the CFTC was the only regulator of cryptocurrency trading, and I had been teaching cryptocurrency regulation at two law schools.  As a Commissioner, I was pleased to prioritize all three of these areas, broadening crypto out to technology, as I sponsored the Technology Advisory Committee.
    The accomplishment that I am most proud about in my tenure is that derivatives markets worked well, that they remained resilient, vibrant, and had integrity.  Since my testimony at my CFTC confirmation hearing in 2022, I have always said that ensuring that markets worked well would be my highest priority.  This was so critical because the markets the CFTC regulates tie directly to the economy. That tie is something that I have had the privilege to see firsthand.  What incredible experiences I have had to get out of Washington and go on agriculture tours and energy tours, to meet with people who are feeding and fueling our world. To truly understand the way markets work, you have to engage with those who rely on the markets and who need them the most.
    I’m also proud of the Technology Advisory Committee for its work on future of finance issues.  I’m grateful to the Committee members who we picked because they are well regarded experts in cryptocurrency, stablecoins, blockchain, AI, cyber, and Fintech, and who come from all different viewpoints.  We held public forums, and the Committee issued two landmark reports, the first on Decentralized Finance, and the second on Responsible AI in Financial Markets.
    As I contemplate the future of financial services regulation, my thoughts keep returning to an area that I speak a lot about—promoting market resilience.  Resilience is defined as the ability to bounce back quickly from setbacks.  U.S. markets and global markets have and will continue to experience periods of volatility and stress.
    I arrived at the Commission in early 2022, in a time of geopolitical uncertainty.  The economy was recovering from the pandemic, suffering supply chain disruption, and oil and gas markets were at record-high levels of volatility and prices after the start of Russia’s war with Ukraine.
    Fortunately, what I found was that the post-crisis reforms through the Dodd Frank Act, other regulations, and regulatory supervision, have built up resilience.  As a result, our markets have withstood significant stress and volatility, including last month.  Our economy has been better for it.
    As the current Administration pursues a deregulatory agenda in the name of growth, care should be taken not to remove the load-bearing resilience built into markets—resilience that has resulted in financial stability and protected our economy. Regulators should not have to sacrifice growth for financial stability.  These are not mutually exclusive goals.  Regulators should promote both.  Growth is important for markets.  Growth requires a regulatory environment where markets are financially stable and resilient during times of volatility, uncertainty, and stress.
    I am concerned about big swings between more regulation and deregulation with each change of party in the White House.  This leads to uncertainty in markets.  It would be better for our markets and financial system if regulators could follow a steady, consistent path.  That would create the foundation for a resilient, stable, and vibrant financial system and economy.
    It’s a really tough challenge—one that requires independent regulators engaging with each other on a bipartisan basis and engaging with many stakeholders who use and need U.S. markets.  I plan to continue to share my voice, and I will always be rooting for the CFTC.  After all, you can take the girl out of public service.  But you can’t take public service out of the girl.

    MIL OSI USA News –

  • MIL-OSI USA: Man Charged in Connection With CARES Act Loan Fraud

    Source: United States Small Business Administration

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release

    The United States Attorney’s Office for the District of Colorado announces that Joseph Ronald Trenkle, 54, formerly of Cherry Hills Village, Colorado and currently of Dorado, Puerto Rico, has been charged in a criminal information with one count each of wire fraud and money laundering.

    According to the information, between April 30, 2020, and February 25, 2022, Trenkle applied for and received $1,850,000 in COVID-19 Economic Injury Disaster Loans (EIDL) from the Small Business Administration (SBA) and $2,999,995 in Paycheck Protection Program (PPP) funds from an SBA-approved lender.  The information alleges that after first obtaining an EIDL loan in March 2020, Trenkle made two requests to increase the amount of his EIDL and made false representations as part of each of request.  The information further alleges that Trenkle submitted two fraudulent PPP loan applications, and also submitted fraudulent applications for PPP loan forgiveness for each PPP loan.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic.  The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and certain other expenses consistent with PPP rules.  Additionally, the CARES Act authorized the SBA to provide EIDLs to eligible small businesses experiencing substantial financial disruptions due to the COVID-19 pandemic.

    The defendant made his initial appearance on May 22, 2025, in Denver in front of Magistrate Judge Cyrus Y. Chung.

    The charges contained in the information are allegations and the defendant is presumed innocent unless and until proven guilty.

    This case is being investigated by the Federal Bureau of Investigation, Federal Deposit Insurance Corporation Office of Inspector General, Internal Revenue Service Criminal Investigation, and Small Business Administration Office of Inspector General.  The case is being prosecuted by Assistant United States Attorney Craig Fansler.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form

    Case Number: 25-cr-00150-RMR

    MIL OSI USA News –

  • MIL-OSI Canada: Government tables a Motion to bring down costs for Canadians

    Source: Government of Canada News (2)

    May 27, 2025 – Ottawa, Ontario – Department of Finance Canada

    Today, His Majesty King Charles III delivered the Speech from the Throne – outlining the government’s bold and ambitious plan for the future. Key to that plan is bringing down costs so Canadians keep more of their paycheques to spend where it matters most.  

    To that end, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, today tabled a notice of Ways and Means Motion in Parliament with proposals to:

    • Deliver a middle class tax cut, providing tax relief for nearly 22 million Canadians and saving families up to $840.
    • Eliminate the Goods and Services Tax (GST) for first-time home buyers on new homes valued up to $1 million, saving them up to $50,000, and lower the GST for first-time home buyers on new homes valued between $1 million and $1.5 million.   
    • Remove the consumer carbon price from law, following its cancellation, effective April 1, 2025.

    With these measures, we are delivering change to cut taxes, bring down costs, and put money back in the pockets of Canadians. 

    MIL OSI Canada News –

  • MIL-OSI Canada: GST relief for first-time home buyers on new homes valued up to $1.5 million

    Source: Government of Canada News

    To lower the upfront cost of buying a new home for young Canadians and spur the construction of new homes across the country, the government is eliminating the Goods and Services Tax (GST) for first-time home buyers on new homes up to $1 million and reducing the GST for first-time home buyers on new homes between $1 million and $1.5 million.

    On May 27, 2025, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, tabled legislative proposals to amend the Excise Tax Act to introduce a new GST rebate for first-time home buyers (the “FTHB GST Rebate”). As a result of this rebate, first-time home buyers will be able to save up to $50,000 on a new home. This measure is expected to deliver $3.9 billion in tax savings to Canadians over five years, starting in 2025-26.

    First-Time Home Buyers’ GST Rebate

    If you are a first-time home buyer, you may be eligible for a FTHB GST Rebate if:

    • you buy a new home from a builder;
    • you build, or hire someone else to build, a home on land you own or lease; or
    • you buy shares of a co-operative housing corporation.

    The FTHB GST Rebate will apply to the same types of housing and apply similar eligibility criteria and conditions as the existing GST/HST New Housing Rebate, with certain modifications to ensure that the rebate is targeted at first-time home buyers.

    To be considered a “first-time home buyer” for the purposes of the FTHB GST Rebate, an individual would generally need to meet the following conditions:

    • be at least 18 years of age;
    • be either a Canadian citizen or a permanent resident of Canada; and
    • not have lived in a home, whether in or outside Canada, that they owned or that their spouse or common-law partner owned in the calendar year or in the four preceding calendar years.

    Together with the existing GST/HST New Housing Rebate (where that rebate is applicable), the FTHB GST Rebate would provide for a rebate of 100% of the GST on new homes valued up to $1 million.

    The FTHB GST Rebate would be phased out in a linear manner for new homes valued between $1 million and $1.5 million. For example, under the linear phase-out, a home valued at $1.25 million would be eligible for a 50% GST rebate (a rebate of up to $25,000).

    No FTHB GST Rebate would be available for new homes valued at or above $1.5 million.

    New Homes Purchased from a Builder

    The FTHB GST Rebate would allow an individual to recover up to $50,000 of the GST (or the federal part of the HST) paid in respect of a new home purchased from a builder (including on leased land).

    To qualify for a FTHB GST Rebate, at least one of the purchasers of the home would need to be a “first-time home buyer” that is acquiring the new home for use as their primary place of residence. That individual would also need to be the first individual to occupy the home as a place of residence.

    The FTHB GST Rebate would generally be available if:

    • the agreement of purchase and sale for the home is entered into with the builder on or after May 27, 2025 and before 2031; and
    • construction of the home begins before 2031 and the home is substantially completed before 2036.

    Owner-Built Homes

    For an owner-built home, the FTHB GST Rebate would allow an individual to recover up to $50,000 of the GST or the federal part of the HST that they paid to build the home.

    For an owner-built home, the FTHB GST Rebate would allow an individual to recover up to $50,000 of the GST or the federal part of the HST that they paid to build the home.

    To qualify for a FTHB GST Rebate, at least one of the owner-builders would need to be a “first-time home buyer” that is building, or hiring another person to build, the new home for use as their primary place of residence. That individual would also need to be the first individual to occupy the home as a place of residence.

    The FTHB GST Rebate would generally be available if construction of the home begins on or after May 27, 2025 and before 2031 and the home is substantially completed before 2036.

    Shares of a Cooperative Housing Corporation

    The FTHB GST Rebate would allow an individual to claim a rebate of up to $50,000 in respect of the purchase of a share of a cooperative housing corporation (co-op) where the co-op paid GST or the federal part of the HST in respect of new housing.

    To qualify for a FTHB GST Rebate, at least one of the purchasers of the share would need to be a “first-time home buyer” that is acquiring the share to use the co-op housing unit to which the share relates as their primary place of residence. That individual would also need to be the first individual to occupy the co-op housing unit as a place of residence.

    The FTHB GST Rebate would generally be available if:

    • the agreement of purchase and sale of the share is entered into with the co-op on or after May 27, 2025 and before 2031; and
    • construction of the cooperative housing begins before 2031 and is substantially completed before 2036.

    A FTHB GST Rebate would not be available in respect of a co-op share if the co-op housing is eligible for the 100% GST rebate for purpose-built rental housing.

    Limitations

    To ensure that the rebate is available as intended to first-time home buyers after the announcement date, a series of rules would limit the availability of the FTHB GST Rebate in certain circumstances. These rules include the following:

    • An individual would not be permitted to claim a FTHB GST Rebate more than once in their lifetime.
    • An individual would not be permitted to claim a FTHB GST Rebate if their spouse or common-law partner previously claimed a FTHB GST Rebate.
    • If, pursuant to an assignment sale, a FTHB assumes the rights and obligations of another person that is a purchaser of a new home under an agreement of purchase and sale with a builder, the FTHB rebate would not be available if that original agreement of purchase and sale was entered into before May 27, 2025.
    • If an agreement of purchase and sale for a new home was originally entered into before May 27, 2025 and the agreement is subsequently cancelled and a new agreement of purchase and sale is entered into (or the agreement is varied or altered to effect that outcome), the FTHB GST Rebate may be disallowed in respect of the sale of a new home under the new agreement (and would not be allowed in respect of the varied or altered agreement).

    Related product

    MIL OSI Canada News –

  • MIL-OSI USA: SEC’s Division of Investment Management to Host Third Annual Conference on Emerging Trends in Asset Management

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Division of Investment Management announced it will host the third annual Conference on Emerging Trends in Asset Management on Thursday, June 5, 2025. The conference will bring together a variety of asset management industry participants, regulators, and academics to discuss emerging trends in asset management. The full agenda, with a list of speakers, is available at the conference’s webpage.

    Conference sessions will include:

    SEC Commissioner Hester Peirce, Investment Management Division Director Natasha Vij Greiner, division staff, and panelists from outside the SEC will participate in the conference.

    The conference is open to the public both in person at SEC Headquarters and via live webcast at www.sec.gov from 9 a.m. to 4:15 p.m. ET. Individuals planning to attend the conference in person should register, but registration is not necessary for those attending virtually. The conference will be archived on SEC.gov for later viewing.

    The Division of Investment Management is responsible for administering the Investment Company Act of 1940 and the Investment Advisers Act of 1940. It develops regulatory policy for investment advisers and investment companies, including mutual funds, exchange-traded funds, and other funds and products in the asset management industry. To learn more information about asset management and the work of the division, please visit IM’s webpage.

    MIL OSI USA News –

  • MIL-OSI: BitMart Research—The Rise of USD1 and the GENIUS Act: Trump’s Push to Reshape the Stablecoin Market

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive report examining a pivotal moment in the evolution of digital finance. As the U.S. accelerates efforts to regulate the stablecoin ecosystem through the groundbreaking GENIUS Act, the launch of USD1—a fully fiat-backed stablecoin associated with former President Donald Trump’s family—signals a major shift in both regulatory alignment and market power. This in-depth analysis explores the legal, financial, and political implications of the GENIUS Act and USD1’s rapid ascent, highlighting their combined potential to redefine the stablecoin landscape and solidify U.S. dominance in the global digital asset economy.

    Preface

    Since the collapse of TerraUSD (UST) in 2022, the market share of algorithmic stablecoins has continued to decline. As an algorithmic stablecoin, UST was not backed by any fiat currency or assets but relied solely on an algorithmic mechanism to maintain its peg to the U.S. dollar. Once confidence collapsed and the mechanism failed, a chain reaction ensued in the market. In contrast, fiat-backed stablecoins—such as USDT, USDC, and USD1—which are supported by highly liquid assets like U.S. dollars and Treasury bonds, have gradually become the mainstream. However, even these stablecoins continue to face scrutiny regarding their regulatory compliance and transparency. To address these challenges, the United States has recently accelerated the advancement of the GENIUS Act, aiming to establish a comprehensive regulatory framework for the stablecoin market.

    1. GENIUS Act

    Significance of the GENIUS Act to the Crypto Market

    The GENIUS Act plays a pivotal role in the regulation of the crypto market, particularly in the realm of stablecoins. Its core provisions include restrictions on issuance eligibility, reserve requirements, compliance obligations, user protection, and international applicability. The Act clearly stipulates that stablecoins must be fully backed by an equivalent amount of highly liquid assets, ensuring that users can redeem their holdings at any time. To protect token holders, the assets of an issuer must be prioritized for user repayment in the event of bankruptcy.

    Moreover, issuers must strictly comply with anti-money laundering (AML) and counter-terrorism financing (CFT) requirements to prevent the misuse of stablecoins for illicit purposes. Overall, while the GENIUS Act enhances regulatory oversight and protects user rights, it also raises the entry bar for stablecoin issuers in the short term. Existing issuers will be required to restructure their asset reserves, disclosure practices, and internal systems, which may entail significant costs and operational complexity.

    Key Provisions of the GENIUS Act

    1. Licensing and Regulatory Framework

    The Act permits only three types of entities to issue payment stablecoins:

    • Subsidiaries of banks or credit unions
    • Non-bank financial institutions approved by federal regulators (e.g., institutions regulated by the OCC)
    • State-licensed issuers that meet federal “substantive equivalence” standards

    The Act adopts a dual regulatory system:

    • Issuers with a market cap over $10 billion must be subject to federal oversight
    • Smaller issuers may be regulated at the state level, provided they meet federal baseline requirements

    2. Reserve and Asset Segregation Requirements

    All stablecoins must be backed by 100% reserves and can only use highly liquid assets, such as:

    • Cash and demand deposits
    • Short-term U.S. Treasury securities (≤ 93 days)
    • Short-term repurchase agreements (≤ 7 days, under central bank oversight)
    • Central bank reserves

    Customer assets must be strictly segregated from operating funds, cannot be re-pledged, and may only be temporarily pledged for short-term liquidity purposes.

    3. Transparency, Auditing, and Accountability Mechanisms

    Issuers are required to disclose reserve asset compositions monthly and undergo audits by certified public accounting firms.Regulators will also establish standards for capital adequacy, liquidity, and risk management.

    • Issuers with a market cap over $50 billion will face stricter audit and compliance standards
    • CEOs and CFOs must sign monthly compliance certifications
    • False statements may lead to criminal liability

    4. AML and National Security Compliance

    Stablecoin issuers are classified as financial institutions under the Bank Secrecy Act and must implement AML and sanctions compliance programs, including:

    • Transaction monitoring
    • Risk assessments
    • Filing of suspicious activity reports

    5. Restrictions on Foreign Issuers and Big Tech

    Foreign stablecoin issuers that fail to comply with U.S.-equivalent standards will be prohibited from operating in the U.S.Large technology companies (e.g., Meta, Amazon) must meet stringent financial compliance, user privacy, and fair competition requirements to prevent monopolistic behavior and systemic risks.

    6. Consumer Protection and Bankruptcy Priority

    Stablecoin holders will have priority claims on issuer assets in the event of bankruptcy.To avoid conflicts of interest, the Act prohibits members of Congress and senior executive officials from participating in stablecoin issuance during their term in office.

    7. Legal Classification and Regulatory Clarity

    The Act explicitly states that payment stablecoins are not classified as securities or commodities, thus excluding them from SEC and CFTC jurisdiction. This provides legal clarity and prevents overlapping regulation.

    Legislative Progress

    As of May 22, the GENIUS Act passed a motion to proceed to debate with 69 votes in favor and 31 against, entering the amendment phase. With the House and Senate rapidly advancing their respective versions of stablecoin legislation and a rare bipartisan consensus on crypto regulation, the Act is widely expected to complete the legislative process by Q4 2024.

    1. Introduction to USD1

    Background of USD1

    USD1 is a U.S. dollar-pegged stablecoin launched in March 2025 by World Liberty Financial Inc. (WLFI), a DeFi platform controlled by members of former U.S. President Donald Trump’s family. Each USD1 token is designed to maintain a 1:1 peg to the U.S. dollar and is fully backed by reserves consisting of short-term U.S. Treasury securities, U.S. dollar deposits, and cash equivalents.

    The project emphasizes regulatory compliance and transparency, with reserve assets regularly audited by a third-party accounting firm and custodied by BitGo, a leading digital asset custody provider. The project’s key figures include Zach Witkoff, co-founder of WLFI, and Eric Trump, Donald Trump’s son, who also serves as WLFI’s head.

    Current Status of USD1

    As Bitcoin recently broke its all-time high and interest in USD1 surged, ecosystem partners associated with the USD1 network have gained significant market attention. Tokens from partnered projects—such as Buildon, Lista DAO, StakeStone, Haedal, and Cookie—have experienced sharp price increases, fueling enthusiasm around the “WLFI + USD1” narrative.

    As of mid-May 2025, USD1’s market capitalization surpassed $2.1 billion, making it the seventh-largest stablecoin. Since its launch in March, USD1 has rapidly expanded across Ethereum, BNB Chain, and more recently, the Tron network.However, according to official statements from WLFI, USD1 is primarily targeted at institutional users. Its most notable real-world application to date is its selection by MGX, an Abu Dhabi-based investment firm, as the official stablecoin for a $2 billion investment into Binance, marking USD1’s first major institutional use case.

    USD1 Ecosystem Partnerships

    BUILDon

    BUILDon is a meme token representing the cultural mascot of the BSC (BNB Smart Chain) builder community. On May 17, the project officially announced the addition of a USD1 trading pair, and has since actively engaged with WLFI on social media. On May 22, WLFI publicly disclosed the purchase of BUILDon’s native token B, triggering a price surge of over 450%.

    StakeStone

    On May 9, StakeStone announced a partnership with WLFI to provide omnichain liquidity infrastructure and cross-chain staking yield services for USD1 users. On May 22, following Binance’s listing of USD1, StakeStone’s native token STO rose over 20% in a single day.

    Lista

    On May 7, Lista DAO announced a strategic partnership with WLFI. The Lista ecosystem plans to add USD1 to its treasury, introduce a USD1/lisUSD LP pair, and support USD1 as CDP collateral. On May 22, following the Binance listing news, Lista’s token price jumped 37.9% in one day.

    In addition to these core partners, USD1 is now supported across various DeFi protocols including Venus Protocol, Aster, Meson Finance, and Falcon Finance, enabling its use for trading, collateralization, and liquidity provisioning.

    On the custody and liquidity side, BitGo is responsible for holding the reserve assets, while BitGo Prime offers institutional-grade liquidity and trading services. DWF Labs has deployed several DeFi liquidity pools for USD1 and has committed $25 million in WLFI token purchases to support the ecosystem.For wallets and consumer applications, USD1 has been integrated into platforms like TokenPocket, HOT Wallet, Pundi X, and Umy, enabling its use in payments, hotel bookings, and merchant settlements within various Web3 scenarios.

    Comparison Between USD1 and Competitors

    Mechanically, USD1 shares many similarities with leading stablecoins such as USDT and USDC. It follows a 1:1 reserve model, backed primarily by U.S. Treasury securities, cash, and other highly liquid assets, with third-party custody and periodic audits to ensure transparency and regulatory compliance.What sets USD1 apart is its unique political brand value. Backed by the Trump family through WLFI, USD1 has experienced exceptionally rapid early-stage growth, most notably being selected as the official stablecoin for MGX’s $2 billion investment in Binance. This momentum is largely driven by the Trump family’s public influence and political capital, which has bolstered confidence in the stablecoin’s credibility and regulatory soundness.

    However, it’s worth noting that the previously launched $TRUMP meme coin, also associated with the Trump name, experienced significant price volatility, raising concerns about its stability and long-term value. This historical context may impact investor confidence in USD1—especially when considering the broader political dynamics that can influence sentiment and risk in the crypto market.

    1. Future Outlook

    The GENIUS Act is not merely a regulatory framework for stablecoins—it represents a broader strategic initiative by the United States to strengthen the international dominance of the digital dollar. By promoting the issuance of compliant, USD-pegged stablecoins, attracting global capital inflows into U.S. Treasury assets, and imposing stricter controls on foreign issuers, the Act aims to enhance both the security and stability of the overall crypto market while mitigating the risk of incidents like the TerraUSD collapse.

    Against this backdrop, highly compliant stablecoin projects are well-positioned to gain greater market recognition. For instance, USD1, with its strong political and institutional backing, may benefit significantly as the GENIUS Act moves forward. Its ecosystem partners and integrations could play an increasingly important role in the future digital asset landscape.

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.

    Risk Warning:

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

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

    The MIL Network –

  • MIL-OSI USA: Ernst, Blunt Rochester Secure Supply Chains to Bolster Domestic Manufacturing

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    Published: May 27, 2025
    WASHINGTON – U.S. Senators Joni Ernst (R-Iowa) and Lisa Blunt Rochester (D-Del.) are introducing new legislation to decrease our reliance on foreign adversaries for key materials and boost manufacturing in rural America.
    The Critical Infrastructure Manufacturing Feasibility Act will drive investment and job creation here at home by instructing the Secretary of Commerce to conduct a study identifying critical goods that are currently being imported and find ways to help domestic producers manufacture them in rural areas and industrial parks.
    “I am working to make ‘Made in America’ the norm instead of the exception,” said Ernst. “That starts with ensuring that our manufacturers are able to get the materials they need right here instead of having to import supplies from halfway around the world. Beyond boosting domestic industry, this bill is also about safeguarding our national security by ensuring that we are not dependent on any foreign adversary for critical goods that we need.”
    “Supply chains are key to global competitiveness and our national security,” said Blunt Rochester. “This bipartisan legislation will help us identify where we rely too heavily on foreign imports for critical infrastructure and explore how we can bring that manufacturing home. Strengthening domestic production not only protects our supply chains, it supports American jobs, revitalizes local economies, and reinforces our nation’s resilience if global manufacturing disruptions occur.”
    Click here to view the bill.
    Background:
    Ernst has led the fight to supercharge domestic manufacturing through her bipartisan Made in America Manufacturing Finance Act that doubles the loan limit for Small Business Administration (SBA) 7(a) loans to ensure that government does not stand in the way of the manufacturing explosion happening under the Trump administration.
    She has also worked to secure our medical supply chain from China, so that the health of our citizens is not dependent on the whims of Beijing.

    MIL OSI USA News –

  • MIL-OSI USA: Cantwell Joins Entire WA Delegation in Letter Urging President Trump to Reconsider Denial of WA State’s Request for a Disaster Declaration for November “Bomb Cyclone”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.27.25
    WSU Prof Joins Cantwell & Leading Scientists to Highlight Devastating Impacts of Slashing Funding for Science Research
    Trump Administration wants to gut National Science Foundation funding by 55%, would be the most severe reductions in agency’s history, overturn bipartisan consensus reached in CHIPS & Science Act; WSU Professor Kalyanaraman: Cuts will “directly undercut” AI precision agriculture and agriculture cybersecurity research
    WASHINGTON, D.C. – Last Tuesday, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, was joined by Sen. Chris Van Hollen (D-MD) and a panel of prestigious scientists to decry the devastating impacts of the Trump Administration’s proposed 55% cut to the FY 2026 budget of the National Science Foundation (NSF).
    The panel included Dr. Ananth Kalyanaraman, Professor at Washington State University, and Director of the USDA NIFA-funded AI Institute on Agricultural AI for Decision Support and Workforce Development.
    “We are in an Information Age. We are in an age where there are several areas of U.S. competitiveness that depend on continued science innovation, aerospace being one of those, certainly AI being another, quantum being a third,” Sen. Cantwell said. “And all of this is being put into jeopardy by this cut.”
    Looking at the damage to our future if these cuts are implemented, the Senator continued: “In an Information Age economy, when so much innovation is available, the last thing you should be doing is having a 55 percent cut to one of your key science R&D institutions. You should be making increases, allowing a thousand flowers to bloom across these institutions, across the United States, because you never know where the next Bill Gates or the next Bill Boeing is going to be, and the innovation they’re going to drive.”
    “WSU researchers are working on cutting edge security research across the entire computing stack, spanning hardware, software systems, and the web, and applications to precision agriculture,” said Dr. Kalyanaraman. “This research integrates AI to enhance the resilience of agricultural systems against cyber threats. We are deeply concerned about the nearly $5 billion in cuts to NSF, which will directly undercut this vital work and also our nation’s ability to remain globally competitive.”
    President Trump’s FY 2026 skinny budget proposes to cut NSF’s funding by 55.8% from $8.8 billion to $3.9 billion. This is on top of $234 million in FY 2025 funding for construction projects that the Administration has frozen. The CHIPS and Science Act, which Sen. Cantwell championed through to passage, authorized dramatically increasing NSF funding to $17.8 billion in FY2026.
    Besides recklessly proposing to slash future funding, the Trump Administration has already terminated 1,752 existing NSF grants totaling more than 1.3 billion dollars according to a list of terminated grants the Foundation released today. A large percentage of these grants are for projects and programs related to STEM education and expanding access and participation in STEM fields. Earlier this month, NSF announced it would cap indirect cost reimbursements at 15 percent for all new awards to universities and nonprofit institutions, down from negotiated rates that typically range from 30 to 60 percent. That action is on pause pending a lawsuit brought in the U.S. District Court for the District of Massachusetts.
    Other participants included: Dr. Arati Prabhakar, former Director of OSTP, DARPA, and NIST and venture capitalist; Dr. France Córdova, 14th Director of the National Science Foundation, and now President of the Science Philanthropy Alliance; Dr. Dean Chang, Chief Innovation Officer and Associate Vice President for Innovation & Entrepreneurship & Economic Development at the University of Maryland; and Dr. Marvi Matos Rodriguez, Engineering Director working in the Aerospace Industry.
    Dr. Prabhakar took the lead in debunking the idea that corporate funding could in any way replace federal investment in science, stating: “It’s been a bedrock economic understanding that corporations invest in the R&D that they can see leading to products and profits, but not in the kind that evolves across many labs over many years and forms a shared foundation for whole industries and for public missions like defense.”
    “These devastating cuts to public R&D are an embarrassing retreat from American leadership that hands the reins to the People’s Republic of China,” Dr. Prabhakar added. “And I would so much rather be here today talking about achieving our great aspirations for longer and healthier lives and for AI that extends our own human talents, for lowering our cost of living with clean energy and for restoring nature, because that is the future that America is capable of creating.”
    Dr. Córdova, who strongly agreed that private funding is no substitute for the NSF, said: “I have a good handle on what industry and philanthropy can contribute, and I can tell you, as important as their contributions are to bolstering our economy, they cannot replace government funding.”
    And Dr. Córdova decried the impacts of the cuts to STEM education that the Trump funding levels would force.
    “Especially important to universities is the funding to train our STEM workforce pipeline, without which we would have no industries of the future. Industry representatives often tell me that arguably the most important investment NSF makes is in the workforce training of STEM talent,” she said.
    In April, NSF revealed that Graduate Research Fellowships awarded in 2025 would be cut in half, from 2,000 to 1,000, the smallest cohort since 2010. NSF will also significantly reduce (from 368 to 70) the number of scientists it employs through a program that enables scientists on leave from their academic positions to work with the NSF to help choose the best research to fund.
    Dr. Chang offered an eye-opening look at where our nation would be without the National Science Foundation.
    ”It’s hard to imagine a world without NSF, but this alternate world without NSF would have none of the following: No Medtronic pacemakers or insulin pumps; no ChatGPT; no Nvidia GPU chips that power ChatGPT; no Apple; no Siri; no Amazon, Alexa; no GE MRIs for medical imaging; no Teslas and actually, no smart cruise control in any car of any kind; no Da Vinci robotic surgical systems; no early quantum computers from IBM and IonQ; and no Fortnite — the video game that swept the nation a few years ago,” Dr. Chang explained.
    “NSF celebrated its 75th anniversary this month,” Dr. Chang added. “But are we willing to relinquish our nation’s 75-year head start to other countries so they become the birthplace of the next generation of Teslas and ChatGPTs, the next generation of robotic surgeons and life saving devices? Not only must NSF continue to invest in high risk, high reward research, but NSF also must continue to invest in proven ways to shorten the decades long gestation periods.”
    Dr. Matos Rodriguez talked about her personal educational and professional story of turning her love for math and science at the University of Puerto Rico into a passion for research and STEM career engineering and the role NSF played along the way.
    “My passion for research blossomed when peers introduced me to the summer programs specifically designed to develop and enhance research skills,” Dr. Matos Rodriguez said, referring to research opportunities for undergraduates funded by the NSF that took her to California to conduct research at UC Davis and IBM.  
    “The impacts of the NSF REU program were far reaching. My journey continued at Carnegie Mellon, where I did my PhD… supported by a NASA grant. After graduate school, I worked as a postdoctoral fellow at the National Institute of Standards and Technology, funded by a grant from the National Research Council,” Dr. Matos Rodriguez continued.  “Little did I know that the product of all that research was not just the science, the discoveries or the papers, the product was me. The REU program, more than 25 years ago, was the seed for the STEM professional I am today, at a time when global competitiveness is vital, it is crucial to commit to cultivating generations of STEM professionals.”
    In the National Science Foundation for the Future Title in CHIPS and Science Act, Congress specifically called for broader participation of populations underrepresented in STEM and authorized $13 billion over five years for the NSF to allocate to STEM education. The United States can’t compete with China and others in science and innovation if we cannot close a gap in the STEM workforce that could be as large as 3 million people nationwide by 2030.

    MIL OSI USA News –

  • MIL-OSI USA: ICE San Juan arrests 6 illegal aliens in local establishment in Puerto Rico

    Source: US Immigration and Customs Enforcement

    SAN JUAN, Puerto Rico — U.S. Immigration and Customs Enforcement Homeland Security Investigations with support from ICE Enforcement and Removal Operations, the FBI, the Drug Enforcement Administration, the U.S. Marshals Service and the Bureau of Alcohol, Tobacco, Firearms and Explosives, arrested six illegal aliens May 17 during a targeted enforcement operation in San Juan.

    The multiagency operation took place at a local establishment in Barrio Obrero where six Dominican nationals were arrested. All illegal aliens are in ICE custody pending removal.

    “We urge people without defined immigration status to adjust their status or return to their country of origin,” said ICE HSI San Juan Special Agent in Charge Rebecca González-Ramos. “We will continue our collaboration with local federal agencies in accordance to the Presidential Executive Order ‘Protecting The American People Against Invasion’ to enforce our nation’s immigration laws assuring the public safety of the communities we serve.”

    ICE is focused on public safety and national security threats. Individuals illegally present in the United States who are encountered during an enforcement operation may be taken into custody and processed for removal as stated by law.

    Members of the public with information can report crimes or suspicious activity by dialing the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or by completing the online tip form.

    Learn more about ICE HSI San Juan mission to increase public safety in Puerto Rico and the U.S. Virgin Islands on Instagram, Facebook and X.

    MIL OSI USA News –

  • MIL-OSI USA: ICE, multiagency case results in Mexican national sentenced to 88 months in prison for role in drug conspiracy

    Source: US Immigration and Customs Enforcement

    TUCSON, Ariz. — A Mexican national was sentenced May 12 to 88 months in prison followed by three years of supervised release for his role in a drug conspiracy. U.S. Immigration and Customs Enforcement, the FBI and the DEA conducted the investigation in this case.

    “The defendant will have over seven years in prison to think of the drugs he sought to peddle into our communities,” said ICE Homeland Security Investigations Arizona Special Agent in Charge Francisco B. Burrola. “HSI and our law enforcement partners are firmly committed to stopping criminals from peddling dangerous drugs in the Tucson area — drugs destroy neighborhoods and rip families apart — this criminal activity must stop.”

    Following his prison term, German Montano-Peralta, 33, of Nacozari, Sonora, Mexico, will also be on three years of supervised release. Montano-Peralta previously pleaded guilty to conspiracy to distribute fentanyl and methamphetamine.

    On April 30, 2024, in Tucson, Montano-Peralta and others possessed approximately 40 kilograms of powder and pills containing fentanyl and more than 55 pounds of methamphetamine, which they intended to deliver to others later that day.

    This investigation was a collaborative effort between federal law enforcement agencies and is part of the Organized Crime Drug Enforcement Task Forces initiative in Southern Arizona that is being led by the Arizona Strike Force located in Tucson. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    Assistant U.S. Attorney David Petermann, District of Arizona, Tucson, handled the prosecution.

    MIL OSI USA News –

  • MIL-OSI Security: FBI Offers Reward up to $20,000 for Arrest and Conviction of Jesus Jose Astorga

    Source: US FBI

    The Federal Bureau of Investigation (FBI) Sacramento Field Office is offering a reward of up to $20,000 for information leading to the arrest and conviction of Jesus Jose Astorga, who allegedly fled to Mexico to avoid prosecution for murder in the first degree in Kern County, California. Anyone with information regarding the location of Astorga is urged to contact the local FBI office, nearest United States embassy, or submit a tip at tips.fbi.gov. All information can be submitted anonymously.

    Astorga has ties to the cities of Durango and Sonora in Mexico. He is described as a Hispanic male standing five-feet, seven-inches tall, with black hair and brown eyes. Photos and additional identifying information about Astorga, including known aliases, are noted on the FBI wanted poster.

    The Shafter Police Department alleges Astorga was involved in the fatal stabling of a man at a Shafter apartment on October 15, 1999. On November 2, 1999, the Kern County District Attorney’s Office charged Astorga with one count of murder in the first degree in the Bakersfield Municipal Court District in Kern County, California. On June 20, 2000, a federal arrest warrant for unlawful flight to avoid prosecution was issued for Astorga in the United States District Court in the Eastern District of California.

    All charges are mere allegations. Individuals are presumed innocent unless and until proven guilty.

    “The FBI has a long-standing commitment to aiding our law enforcement partners and ensuring defendants face the charges brought against them—no matter how far they may run,” said Sid Patel, special agent in charge of the FBI Sacramento Field Office. “Every family deserves an opportunity to seek justice for their lost loved ones.”

    Additional posters featuring fugitives and cases in need of additional information from the public are available on the FBI Sacramento Division’s Most Wanted page: https://www.fbi.gov/contact-us/field-offices/sacramento/wanted. 

    MIL Security OSI –

  • MIL-OSI Security: El FBI Ofrece Recompensa de Hasta $20,000 por Arresto y Condena de Jesús José Astorga

    Source: US FBI

    La oficina regional de Sacramento del Buró Federal de Investigaciones (FBI, por sus siglas en inglés) ofrece una recompensa de hasta 20.000 dólares por información que conduzca al arresto y condena de Jesús José Astorga, quien presuntamente huyó a México para evitar enjuiciamiento por asesinato en primer grado en el Condado de Kern, California. Se insta a cualquier persona con información sobre la ubicación de Astorga a ponerse en contacto con su oficina local del FBI, la embajada de los Estados Unidos más cercana, o enviar información a tips.fbi.gov. Toda la información puede ser enviada de forma anónima.

    Astorga mantiene vínculos en las ciudades de Durango y Sonora en México. Se le describe como un hombre hispano de cinco pies y siete pulgadas de alto, con cabello negro y ojos marrones. Las fotos y la información de identificación adicional sobre Astorga, incluyendo sus apodos conocidos, se encuentran en el cartel de búsqueda del FBI.

    El Departamento de Policía de Shafter alega que Astorga estuvo involucrado en una puñalada mortal a un hombre en un apartamento de Shafter, el 15 de octubre de 1999. El 2 de noviembre de 1999, la Oficina del Fiscal de Distrito del Condado de Kern acusó a Astorga de un cargo de asesinato en primer grado en el Distrito del Tribunal Municipal de Bakersfield en el Condado de Kern, California.  El 20 de junio de 2000, se emitió una orden de arresto federal contra Astorga por fugarse para evitar un enjuiciamiento en el Tribunal de Distrito de los Estados Unidos en el Distrito Este de California.

    Todos los cargos son solo alegaciones. Se presume que las personas son inocentes hasta que se demuestre lo contrario.

    “El FBI tiene un compromiso sostenido de ayudar a nuestros socios encargados de hacer cumplir la ley y garantizar que los acusados enfrenten los cargos presentados en su contra, sin importar cuán lejos puedan estar”, dijo Sid Patel, Agente Especial a Cargo de la Oficina Regional del FBI en Sacramento. “Cada familia merece la oportunidad de buscar justicia para sus seres queridos que hayan fallecido”.

    En la página de los más buscados de la División de Sacramento del FBI, https://www.fbi.gov/contact-us/field-offices/sacramento/wanted, se encuentran carteles adicionales con los nombres de los fugitivos y sus casos para que el público pueda ayudar a las autoridades con información.

    MIL Security OSI –

  • MIL-OSI Africa: Ecobank named Best Bank in Africa 2025 in Global Finance Awards

    Source: Africa Press Organisation – English (2) – Report:

    LOMÉ, Togo, May 27, 2025/APO Group/ —

    Ecobank (www.Ecobank.com), the leading private pan-African financial services Group which has unrivalled African expertise, is delighted to have been named Best Bank in Africa 2025 in Global Finance’s World’s Best Banks 2025 Awards. The Awards also selected Ecobank Gambia and Ecobank Togo as the Best Banks 2025 in their respective countries. 

    Jeremy Awori, Chief Executive Officer, Ecobank Group, said, “Driving intra-African trade is an important focus of our Growth, Transformation and Returns strategy and we are continuously leveraging technology and partnerships to further enhance our continental digital payments platform and to position Ecobank as Africa’s trade bank of choice. 

    “These awards are a testament to Ecobank’s intense focus on putting our customers at the centre of our decision making, and the quality of our comprehensive suite of financial products, services and solutions that we provide to global and regional corporates, financial institutions and international organisations. Our expertise and integrated coverage, which is networked across our 35-African country footprint, enable us to structure complex local and cross-border transactions. We maximise our impact across our markets by deploying our key product pillars of cash management; trade finance; fixed income currencies and commodities; loans and liquidity; investment banking; and securities, wealth and asset management.” 

    In selecting the best bank winners, Global Finance’s judges considered factors including growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. They also sought the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry, and held extensive consultations with corporate financial executives, bankers, banking consultants and analysts. The winners are banks that attend carefully to their customers’ needs in difficult markets and accomplish strong results while laying the foundations for future success.  

    Ecobank Transnational Incorporated, Ecobank Gambia and Ecobank Togo will be presented with their awards at the Global Finance Awards Ceremony at the National Press Club in Washington DC, USA, on 18 October 2025, which is being held during the IMF/World Bank Annual Meetings. 

    MIL OSI Africa –

  • MIL-OSI: XRP News: Buy $XDX Token Built On Ripple Blockchain As Token Sales Ends in About 24 Hours Before Listing On XRP Exchanges

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 27, 2025 (GLOBE NEWSWIRE) — With only about a day remaining in the XenDex presale, investors are running out of time to secure $XDX tokens at presale pricing. The urgency is further amplified by Ripple’s reported acquisition of Circle (USDC issuer) and the launch of the XRPI Futures ETF by Volatility Shares, two monumental milestones signaling growing institutional interest in XRP.

    Buy $XDX Before Exchange Listing

    As XRP gains bullish momentum, XenDex is positioning itself as the XRP Ledger’s leading DeFi platform, and analysts predict a major price surge once $XDX lists on major exchanges.

    What is XenDex on XRP Blockchain?

    XenDex is the first all-in-one decentralized exchange (DEX) built natively on the XRP Ledger (XRPL). The platform combines fast trading, low fees, and powerful DeFi features into one seamless interface optimized for both beginners and advanced users.

    Purchase XDX And Earn Rewards

    Features and Problems XenDex Solves on XRPL

    Despite XRP’s efficiency, the ecosystem has lacked true DeFi capabilities until now. XenDex introduces:

    • AI Copy Trading – Mirror trades from top-performing wallets
    • Lending & Borrowing – Lend and borrow crypto assets without intermediaries
    • Cross-Chain Trading – Swap XRP with tokens from other blockchains like Ethereum, BNB, Solana
    • DAO Governance – Vote on platform decisions using $XDX

    Why Should I Buy $XDX?

    Holding $XDX grants:

    • Governance rights
    • Fee discounts on trades, lending and borrowing
    • Staking and yield farming rewards
    • Access to exclusive airdrops and access to platform features

    Early adopters also stand to benefit from potential price appreciation post-listing.

    Where Can I Trade $XDX?

    After the presale, $XDX will list on: Binance, Gate.io, MEXC, BitMart, MagneticX, FirstLedger

    Is XenDex Legit?

    Purchase $XDX At Its Cheapest Price

    Yes. XenDex is built by experienced crypto-native developers from Cardano and SUI, and the platform is undergoing smart contract audits. Integrations with Xaman, XRP Toolkit, and Gitbook ensure a trusted foundation.

    How Do I Buy $XDX?

    For a full buying guide, visit: https://xdxdocs.gitbook.io/xendex/buy-usdxdx-token-presale

    XenDex Presale Details

    • Soft Cap: Reached
    • Hard Cap: Almost Filled
    • Rate: 1.25 XRP = 10 XDX
    • Minimum Buy: 150 XRP
    • Time Left: Only 1 Day Remaining

    Buy XDX Before Presale Ends: https://xendex.net/presale

    Join XenDex Community Below

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. 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.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1691db6a-7b3a-46bb-a46f-e257d75f9dc6

    The MIL Network –

  • MIL-OSI: RCP Fund XIX Closes on $314 Million

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) — RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, as well as customized solutions and research services, announced the final close of its latest primary fund-of-funds, RCP Fund XIX, LP (“Fund XIX” or the “Fund”). The Fund closed on approximately $314 million in capital commitments. The Fund has a broad LP base of new and existing investors, including family offices, public pension plans, endowments, foundations, and high-net-worth individuals.

    “We are humbled by the continued support of our limited partners. More than 23 years after launching our first fund-of-funds focused exclusively on the North American small company buyout market, RCP remains as committed as ever to our strategy as well as the managers with whom we partner,” said Tom Danis, Managing Partner at RCP Advisors.

    Fund XIX will adhere to the same investment strategy that RCP’s predecessor primary funds employ. The Fund will generally target investments with buyout fund managers primarily focusing on less than $1 billion in committed capital. These managers will, in turn, generally seek to make control-oriented investments in established, small to mid-sized companies with approximately $10 million to $250 million in enterprise value.

    About RCP Advisors
    Founded in 2001, RCP Advisors, a subsidiary of P10, Inc. (NYSE: PX), is a private equity investment firm that provides access to North American small buyout fund managers through primary funds, secondary funds, and co-investment funds, as well as customized solutions and research services. RCP believes it is one of the largest fund sponsors focused on this niche, with approximately $17.0 billion in committed capital* and 55 full-time professionals as of May 27, 2025.

    The information contained in this press release does not constitute investment advice or an offer or sale of any security or investment product. Offerings are made only pursuant to a private offering memorandum containing important information. Statements are made as of the date of this release, and there is no implication that the information contained herein is correct as of any time subsequent to such date. Some of the statements in this release may constitute “forward-looking statements” within the meaning of the federal securities laws. Any forward-looking statements inherently are subject to a variety of risks and uncertainties that could cause actual results or events to differ materially from those results or events predicted or anticipated by these statements. RCP’s investment strategy is subject to significant risks and there is no guarantee that any fund will achieve comparable results as any prior investments or prior investment funds of RCP. Past performance does not predict, and is not a guarantee of, future results. All investments involve risk, including the potential loss of capital.

    *“Committed capital” primarily reflects the capital commitments associated with our SMAs, focused commingled funds and advisory accounts advised by RCP since the firm’s inception in 2001 (including funds that have since been sold, dissolved, or wound down and certain historical advisory accounts for which RCP’s advisory contracts have expired). We include capital commitments in our calculation of committed capital if (a) we have full discretion over the investment decisions in an account or have responsibility or custody of assets or (b) we do not have full discretion to make investment decisions but play a role in advising the client on asset allocation, performing investment manager due diligence and recommending investments for the client’s portfolio and/or monitoring and reporting on their investments. For our discretionary SMAs and commingled funds, as well as for our non-discretionary advisory accounts for which RCP is responsible for advising on all investments within the client’s portfolio, committed capital is calculated based on aggregate capital commitments to such accounts. For non-discretionary accounts where RCP is responsible for advising only a portion of the client portfolio investments, committed capital is calculated as capital commitments by the client to those underlying investments which were made based on RCP’s recommendation or with respect to which RCP advises the client. Committed capital does not include (i) certain historical non-discretionary advisory accounts no longer under advisement by RCP, (ii) assets managed or advised by Columbia Partners Private Capital (the “Private Capital Unit”), a separate business unit of RCP Advisors 2, LLC (“RCP 2”), or by Hark Capital Advisors, LLC, and Bonaccord Capital Advisors, LLC which are independent business lines of RCP 2, (iii) capital commitments to funds managed or sponsored by RCP’s affiliated (but independently operated) management companies (including, without limitation, Five Points Capital and Westech Investment Advisors, LLC), and (iv) RCP’s ancillary products or services.

    The MIL Network –

  • MIL-OSI USA: Governor Stein Announces New Headquarters Operations for Daimler Truck Financial Services USA in Charlotte

    Source: US State of North Carolina

    Headline: Governor Stein Announces New Headquarters Operations for Daimler Truck Financial Services USA in Charlotte

    Governor Stein Announces New Headquarters Operations for Daimler Truck Financial Services USA in Charlotte
    lsaito

    Raleigh, NC

    Today, Governor Josh Stein announced Daimler Truck Financial Services USA (DTFS), the financial lender for Daimler Truck North America, will create 276 jobs in Mecklenburg County. The company will invest more than $7.8 million to locate its headquarters in Charlotte.

    “I am pleased to welcome Daimler Truck Financial Services USA to North Carolina,” said Governor Stein. “More than 200 financial service companies call North Carolina home thanks to our skilled workforce and top-tier quality of life.”

    DTFS provides financing and leasing solutions for Daimler Truck North America, one of the largest commercial vehicle manufacturers in the world, that produces Freightliner trucks, Western Star trucks and Thomas Built Buses. For more than 50 years, the company has offered custom financing, leasing, and insurance options for its commercial vehicle customers that include owner-operators, fleet owners, and municipalities. DTFS’s new headquarters in North Carolina will consolidate the current offices from Michigan and Texas into 60,000-square-feet for its administration, HR, and financial operations.

    “We’re thrilled to establish our new headquarters in the Ballantyne area—this move marks a pivotal step in aligning our team closer to DTNA and advancing our strategy for long-term services growth,” said Kevin Bangston, president and CEO of Daimler Truck Financial Services.

    “Charlotte is the second largest banking center in the United States,” said Commerce Secretary Lee Lilley. “Daimler Truck knows the proximity to its existing manufacturing operations, combined with our excellent business climate and thriving financial sector, makes North Carolina the best place to grow and expand.”

    Although the salaries for the new positions will vary, the average annual salary is expected to be $133,940, exceeding the Mecklenburg County average of $86,830. These new jobs could create a potential annual payroll impact of more than $36.9 million for the region.

    DTFS’s operation in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee earlier today. Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.08 billion. Using a formula that takes into account the new tax revenues generated by the new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $4,174,500, spread over 12 years. State payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

    The project’s projected return on investment of public dollars is 119 percent, meaning for every dollar of potential cost to the state, the state receives $2.19 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

    Because DTFS chose to locate to Mecklenburg County, classified by the state’s economic tier system as Tier 3, the company’s JDIG agreement also calls for moving $1,391,500 into the state’s Industrial Development Fund – Utility Account. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business. Even when new jobs are created in a Tier 3 county such as Mecklenburg, the new tax revenue generated through JDIG grants helps more economically challenged communities elsewhere in the state.

    “This is outstanding news for Mecklenburg County and the entire state,” said Senator Woodson Bradley. “This announcement wouldn’t be possible without the hard work of the local and state partners that collaborated to add this great addition to our corporate community.”

    “This region of the state has some of the brightest financial talent in the nation,” said Representative Laura Budd. “These well-paying jobs will be transformative for our talent pipeline as we help the company take root in our community.”  

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Community College System, N.C. Commerce’s Division of Workforce Solutions, Mecklenburg County, and the City of Charlotte. 

    May 27, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Lexington woman arrested on Criminal Sexual Conduct with a Minor and Child Sexual Abuse Material* chargesRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – South Carolina Attorney General Alan Wilson announced the arrest of Maria Grace Seipel, 21, of Lexington, S.C., on five charges connected to the sexual exploitation of a minor. Internet Crimes Against Children (ICAC) Task Force investigators with the Lexington Police Department made the arrest. Investigators with the Attorney General’s Office, Homeland Security Investigations, and U.S. Secret Service, all also members of the state’s ICAC Task Force, assisted with this investigation.

     

    Investigators received a CyberTipline report from the National Center for Missing and Exploited Children (NCMEC), which led them to Seipel. Investigators state Seipel engaged in criminal sexual conduct with a minor and distributed and possessed files of child sexual abuse material.  

     

    Seipel was arrested on May 22, 2025. She is charged with one count of criminal sexual conduct with a minor, first degree (§16-3-655(A)(1)); three counts of sexual exploitation of a minor, second degree (§16-15-405), a felony offense punishable by up to 10 years imprisonment on each count; and one count of sexual exploitation of a minor, third degree (§16-15-410), a felony offense punishable by up to 10 years imprisonment.

     

     

    The case will be prosecuted by the Attorney General’s Office.

     

    Attorney General Wilson stressed all defendants are presumed innocent unless and until they are proven guilty in a court of law.

     

     

     

    * Child sexual abuse material, or CSAM, is a more accurate reflection of the material involved in these heinous and abusive crimes. “Pornography” can imply the child was a consenting participant.  Globally, the term child pornography is being replaced by CSAM for this reason.

    MIL OSI USA News –

  • MIL-OSI: Farouq Tuweiq Assumes CEO Role

    Source: GlobeNewswire (MIL-OSI)

    WEST ORANGE, N.J., May 27, 2025 (GLOBE NEWSWIRE) —

    A New Chapter for Bel Fuse Inc.

    Today marks an exciting milestone in Bel Fuse’s journey.

    After more than two decades leading the company as President and Chief Executive Officer — and over 45 years of service — Dan Bernstein will be stepping into a new role as Chairman of the Board following today’s Annual Meeting of Shareholders. 

    Dan’s tenure as CEO began in 2001, and during that time, he led Bel through a period of significant transformation. Under his guidance, Bel grew from under $100 million in revenue to more than $600 million, expanded the global footprint, and completed 19 strategic acquisitions. His impact goes beyond numbers; his vision, drive, and belief in people have built a company that has a passion for progress, openness to new ideas, and a drive to get things done.

    With this transition Farouq Tuweiq steps into the role of CEO. Over the past four years, within his role as CFO, Farouq has been a strategic partner to Dan in bringing a fresh perspective and data-driven leadership style to Bel. He played a key role in strengthening Bel’s financial foundation, refining strategic focus, and positioning the business for long-term success. With much of the groundwork and “self help” portion of our journey complete, Bel enters its next chapter of growth. Farouq’s track record to-date coupled with his background in investment banking, finance and strategic leadership will bode well for Bel in executing on our growth strategy and other future goals.

    “I could not be more excited for the future of Bel under the leadership of Farouq and his Executive Team. Farouq has been a proven leader within Bel, inspiring motivation for continuous improvement across the organization and I have full confidence in the abilities of the new Team as they lead Bel into the next chapter,” said Dan Bernstein.

    About Bel
    Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation and eMobility industries. Bel’s portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel’s product groups include Power Solutions and Protection (front-end, board-mount, industrial and transportation power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.

    Company Contact:
    Lynn Hutkin   
    Chief Financial Officer  
    ir@belf.com 

    Investor Contact:
    Three Part Advisors
    Jean Marie Young, Managing Director or Steven Hooser, Partner
    631-418-4339
    jyoung@threepa.com; shooser@threepa.com 

    The MIL Network –

  • MIL-OSI: As BTC hits ATH, Whales turn to Nimanode Presale to Accumulate $NMA Token

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 27, 2025 (GLOBE NEWSWIRE) — Nimanode, the pioneering platform merging artificial intelligence with the XRP Ledger, has officially kicked off its $NMA token presale.

    As excitement grows within the crypto community with BTC at an ATH, investors flock to project’s poised to be the next big things in the DeFi space. At the forefront is Nimanode, already positioned to become a major infrastructure player on the XRP Ledger by spearheading a No-Code AI agent platform to their ecosystem.

    By combining artificial intelligence with the power of blockchain, Nimanode enables anyone from no-code builders to seasoned developers to create, deploy, and earn from intelligent AI agents that interact directly with XRPL and beyond.

    JOIN $NMA PRESALE

    Nimanode has officially kicked off its $NMA token presale on 22nd May, 2025 at 3pm UTC with a limited time period of 30 days. Offering early adopters access to one of XRP’s most impactful DeFi platforms to date. The $NMA token, native to its ecosystem, will serve as a means of powering various features and serving as a governance token for Nimanode Ecosystem.

    Why the Hype for Nimanode?

    Zero-Code Agent Builder – Easily create and configure AI agents through a drag-and-drop interface
    Autonomous Execution – Agents perform on-chain tasks, react to data feeds, and interact across dApps
    Agent Marketplace – Build, deploy and monetize AI agents within a Nimanode ecosystem
    XRPL Integration – High-speed, low-cost, and eco-friendly infrastructure to power scalable agent activity

    NMA at a Glance

    Token Name: Nimanode

    Ticker: NMA

    Total Supply: 200 Million NMA

    Presale Allocation: 90,000,000 NMA (90 million)

    Utilities: Agent Deployment, Custom Upgrades, Governance, Agent Marketplace

    How to Join the Nimanode Presale

    Interested participants can take a strategic advantage by joining in on $NMA Presale before its listed on XRP Dex’s by visiting the official Presale Page for Nimanode Presale. Early birds are expected to participate through XRP compatible wallets, to facilitate a smooth and secure transaction. Full details for participation are made available on their page.

    Join the AI Revolution on XRP Ledger

    If you missed being in on BTC before the ATH, missed out on XRP’s sporadic run, this is your second shot with AI, Web3 automation and whale momentum on your side.

    Web3 continues to demand smarter, more adaptive tools, Nimanode may not just be the most disruptive launch on XRPL, it could set the standard for how AI and blockchain merge in the years ahead.

    Join the Movement Now

    Website: https://nimanode.com

    Presale: https://nimanode.com/presale

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. 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.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a307880-f1f2-4179-8523-93db789166e8

    The MIL Network –

  • MIL-OSI USA: UConn’s Dr. Denis Lafreniere Inducted into the Honor Society for Otolaryngology – Head & Neck Surgery

    Source: US State of Connecticut

    Dr. Denis Lafreniere, Chief of Otolaryngology-Head & Neck Surgery at UConn School of Medicine and UConn Health, has been honored with induction as a fellow into the Triological Society.

    He was prestigiously inducted into the honor society as a fellow on May 16 during the gathering of the national 2025 Combined Otolaryngology Spring Meetings in New Orleans.

    Fellowship in the Triological Society involves years of preparation, vetting, and is only awarded to select members of the ENT field globally.

    The Triological Society, also known as The American Laryngological, Rhinological and Otological Society, Inc., was founded more than 125 years. It is the most prestigious society in otolaryngology and elects the brightest in academic and clinical otolaryngology.

    “I am very pleased to receive this recognition,” says Lafreniere who serves UConn as professor of surgery and chief of the Division of Otolaryngology-Head & Neck Surgery. He is also medical director of the UConn Medical Group and associate dean for Clinical Affairs.

    Dr. Denis Lafreniere on May 16 in New Orleans being honored with the With Distinction Award for his excellent research thesis by the President of the Triological Society, Dr. Michael Hoffer.

    Lafreniere adds, “I truly believe that our academic roles here at UConn Health are what distinguish us from our regional colleagues. My induction as a Triological Society fellow is recognition that our academic efforts can span our careers. These academic efforts help ensure that our students and residents receive the highest quality education and will therefore be able to provide the highest quality, innovative care for their patients as they begin their careers.”

    In addition, the Society disseminates the latest scientific and clinical information at scientific meetings and through publication of its scientific journals, The Laryngoscope and Laryngoscope Investigative Otolaryngology.

    For his election as a fellow in the Society, Lafreniere was required to be recommended by two current fellows and needed submission and approval of his research thesis.  Lafreniere’s successful scientific thesis was on the “Development of an endotracheal tube to measure posterior laryngeal pressure related to tube size and hypopharyngeal-laryngeal angle” for which he received a With Distinction Award.

    Learn more about Dr. Lafreniere.

    MIL OSI USA News –

  • MIL-OSI Security: McKees Rocks Resident Pleads Guilty to Attempting to Coerce Minor for Sex and Possession of Child Sexual Abuse Material

    Source: Office of United States Attorneys

    PITTSBURGH, Pa. – A resident of McKees Rocks, Pennsylvania, pleaded guilty in federal court to attempted coercion and enticement of a minor to engage in illegal sexual activity and possession of child sexual abuse material, Acting United States Attorney Troy Rivetti announced today.

    Ryan Peters, 35, pleaded guilty to two counts before Senior United States District Judge Arthur J. Schwab.

    In connection with the guilty plea, the Court was advised that, on August 6, 2021, law enforcement executed a search warrant for Peters’ residence based on tips reported to the National Center for Missing & Exploited Children regarding online activity involving child sexual abuse material. During the search, investigators located and seized numerous electronic devices, including a cell phone found in a cat litterbox in the hallway as well as Peters’ laptop. A forensic review of these devices revealed child sexual abuse material, including five videos and 11 images that involved the use of minors, including prepubescent minors and minors who had not attained 12 years of age, engaging in sexually explicit conduct.

    A few weeks later, Peters used a social networking and dating application to contact and attempt to persuade and entice an individual he believed was a 12-year-old girl from Pittsburgh, Pennsylvania, to engage in sexual activity. The purported minor was in fact an undercover FBI agent. During their online conversations over the following weeks, Peters discussed sex with the purported child and solicited the minor to send him sexually explicit images of herself. Peters then suggested they meet in person and, following a failed attempt to do so in late-August, again arranged to meet the purported minor on September 13, 2021. Peters was arrested upon his arrival at the predetermined meeting place.

    Judge Schwab scheduled sentencing for November 12, 2025. The law provides for a total maximum sentence of not less than 10 years and up to life in prison, a fine of up to $250,000, or both. Under the federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

    Pending sentencing, the Court ordered that Peters remain detained.

    Assistant United States Attorney Carl J. Spindler is prosecuting this case on behalf of the government.

    The Federal Bureau of Investigation and Allegheny County Police Department conducted the investigation that led to the prosecution of Peters.

    MIL Security OSI –

  • MIL-OSI Global: Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one

    Source: The Conversation – UK – By Jun Du, Professor of Economics, Centre Director of Centre for Business Prosperity (CBP), Aston University

    AlinStock/Shutterstock

    AI has already transformed industries and the way the world works. And its development has been so rapid that it can be hard to keep up. This means that those responsible for dealing with AI’s impact on issues such as safety, privacy and ethics must be equally speedy.

    But regulating such a fast-moving and complex sector is extremely difficult.

    At a summit in France in February 2025, world leaders struggled to agree on how to govern AI in a way that would be “safe, secure and trustworthy”. But regulation is something that directly affects everyday lives – from the confidentiality of medical records to the security of financial transactions.

    One recent example which highlights the tension between technological advancement and individual privacy is the ongoing dispute between the UK government and Apple. (The government wants the tech giant to provide access to encrypted user data stored in its cloud service, but Apple says this would be a breach of customers’ privacy.)

    It’s a delicate balance for all concerned. For businesses, particularly global ones, the challenge is about navigating a fragmented regulatory landscape while staying competitive. Governments need to ensure public safety while encouraging innovation and technological progress.

    That progress could be a key part of economic growth. Research suggests that AI is igniting an economic revolution – improving the performance of entire sectors.

    In healthcare for example, AI diagnostics have drastically reduced costs and saved lives. In finance, razor-sharp algorithms cut risks and help businesses to rake in profits.

    Logistics firms have benefited from streamlined supply chains, with delivery times and expenses slashed. In manufacturing, AI-driven automation has cranked up efficiency and cut wasteful errors.

    But as AI systems become ever more deeply embedded, the risks associated with their unchecked development increase.

    Data used in recruitment algorithms for instance, can unintentionally discriminate against certain groups, perpetuating social inequality. Automated credit-scoring systems can exclude people unfairly (and remove accountability).

    Issues like these can erode trust and bring ethical risks.

    A well-designed regulatory framework must mitigate these risks while ensuring that AI remains a tool for economic growth. Over-regulation could slow development and discourage investment, but inadequate oversight may lead to misuse or exploitation.

    International intelligence

    This dilemma is being treated differently across the world. The EU for example, has introduced one of the most comprehensive regulatory frameworks, prioritising transparency and accountability, especially in areas such as healthcare and employment.

    While robust, this approach risks slowing innovation and increasing compliance costs for businesses.

    In contrast, the US has avoided sweeping federal rules, opting instead for self-regulation in specific industries. This has led to rapid AI development, particularly in areas such as autonomous vehicles and financial technology. But it also leaves regulatory gaps and inconsistent oversight.

    AI has huge potential for healthcare.
    frank60/Shutterstock

    China meanwhile uses government-led regulation, prioritising national security and economic growth. This brings major state investment, driving advances in things such as facial recognition and surveillance systems, which are used extensively in train stations, airports and public buildings.

    These varying approaches demonstrate a lack of international agreement about AI. And they also pose significant challenges for businesses operating globally.

    Companies must now comply with multiple, sometimes conflicting AI regulations, leading to increased compliance costs and uncertainty.

    This fragmentation could slow down AI adoption as firms hesitate to invest in applications that could become non-compliant in some countries. A globally coordinated regulatory framework seems increasingly necessary to ensure fairness and promote responsible innovation without excessive constraints.

    Innovation vs regulation

    But again, achieving this kind of framework would not be easy. The impact of regulation on innovation is complex and involves careful trade-offs.

    Transparency, while essential for accountability, could mean sharing new technology, potentially eroding competitive advantages. Strict compliance requirements, crucial in industries such as healthcare and finance, can be counterproductive where rapid development is vital.

    Effective AI regulation should be dynamic, adaptive and globally harmonised, balancing ethical responsibilities with economic ambition. Companies that actively align with ethical AI standards are likely to benefit from improved consumer trust.

    For now, in the absence of global agreement, the UK has chosen a flexible approach, with guidelines set by independent bodies such as the Responsible Technology Adoption Unit. This model aims to attract investment and encourage innovation by offering clarity without overly rigid constraints.

    With a robust research ecosystem, world-class universities and a skilled workforce, the UK has a solid foundation for AI-driven economic growth. Continued investment in research, infrastructure and talent are essential.

    The UK must also stay proactive in shaping international AI standards. For achieving effective AI governance that is safe and trustworthy, will be key to securing its future as an engine of economic and social transformation.

    Jun Du is a member of the British Chamber of Commerce (BCC) Economic Advisory Council, and part of BCC Global Britain Challenge Group; the Vice Chair of the Trade and Investment Panel for the International Chambers of Commerce, and advisor to the Midlands Engine Observatory Program Board and the Business Commission West Midlands Advisory Panel. Jun is a member of the Council of Experts of the UKRI-funded Innovation & Research Caucus, and part of the OECD Innovation Review Advisory Group.

    Cher Li is a member of the Council of Experts of the UKRI-funded Innovation & Research Caucus, and government Expert Peer Review Group (PRG). Her recent research projects have been funded by the ESRC and United Kingdom Accreditation Service (UKAS).

    Xingyi Liu has received funding from the Innovation & Research Caucus for his recent research.

    – ref. Regulating AI seems like an impossible task, but ethically and economically, it’s a vital one – https://theconversation.com/regulating-ai-seems-like-an-impossible-task-but-ethically-and-economically-its-a-vital-one-250816

    MIL OSI – Global Reports –

  • MIL-OSI Security: El Salvador National Charged with Illegal Possession of Firearms

    Source: Office of United States Attorneys

    TRENTON, N.J. – An El Salvador national was arrested and charged with possessing firearms as an illegal alien, U.S. Attorney Alina Habba announced.

    Jose Manuel Menjivar Viera, a/k/a Jose Manuel Mejiva, 35, a citizen and national of El Salvador and most recently of Long Branch, New Jersey, was charged by complaint with one count of being an illegal alien in possession of firearms. Viera made his initial appearance before U.S. Magistrate Judge J. Brendan Day in Trenton federal court and was detained.

    According to documents filed in this case and statements made in court:

    On December 11, 2024, at approximately 3:00 a.m., law enforcement officers in Long Branch responded to multiple calls for service regarding gunshots fired in a suburban neighborhood. Shortly after officers arrived, they observed an individual, later identified as Jose Manuel Menjivar Viera, riding a bicycle and carrying a large black bag. Officers followed Viera before he dismounted from the bike and fled into the exterior property of a nearby residence. Officers searched the area where Viera fled and eventually recovered his bicycle and the bag he was carrying. The bag contained two firearms, a semiautomatic rifle and a loaded handgun, firearm magazines, ammunition, and a machete. A short time later, officers discovered Viera hiding in the truck-bed of a pickup truck parked in the driveway next to the residence. Viera was subsequently identified by agents with the Department of Homeland Security, Immigration and Customs Enforcement, as being an El Salvador national and citizen and without any legal status to be in the United States.

    The alien in possession of a firearm charge carries a maximum potential penalty of 15 years in prison and a fine of up to $250,000.

    U.S. Attorney Habba credited deportation officers of the United States Immigration and Customs Enforcement, Enforcement and Removal Operations Newark, under the direction of Field Office Director John Tsoukaris, with the investigation leading to the charges. She also thanked the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Terence G. Reilly in Newark, the Long Branch Police Department, under the direction of Officer-in-Charge Jorge Silverio, and the Monmouth County Prosecutor’s Office, under the direction of Prosecutor Raymond S. Santiago, for their assistance in the investigation.

    The government is represented by Special Assistant U.S. Attorney Jonathan S. Garelick of the U.S. Attorney’s Office Criminal Division in Trenton.

    The charges and allegations contained in the complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

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    Defense counsel: Benjamin West, Federal Public Defenders

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  • MIL-OSI Security: Kanawha County Man Sentenced for Withholding Information in Bankruptcy Case

    Source: Office of United States Attorneys

    CHARLESTON, W.Va. – James Eugene Wells, 73, of Marmet, was sentenced today to one year of federal probation for withholding records relating to the property or financial affairs of a debtor in bankruptcy from an officer of the court or a United States Trustee entitled to its possession.

    According to court documents and statements made in court, in October 2022, a Charleston business solely owned by Wells’ wife filed for Chapter 11 bankruptcy. Wells helped with the business’ day-to-day management, including by overseeing many of its financial affairs, but was never an employee of the business or a registered owner or manager. As part of his guilty plea, Wells admitted that he applied for and obtained five loans in the business’ name from February 2023 through February 2024, knowing that the business had filed for bankruptcy protection. Wells further admitted that he did not disclose the existence of the loans to the United States Trustee, who oversees the administration of bankruptcy cases in the Southern District of West Virginia.

    On January 31, 2024, the U.S. Bankruptcy Court held a hearing on the U.S. Trustee’s motion to dismiss the business’ bankruptcy case. That day, the bankruptcy lawyer for the business informed the U.S. Trustee of the existence of one of the four loans that Wells had obtained by that time in the business’ name. When the bankruptcy court confronted Wells about the loan, Wells lied under oath about the circumstances surrounding its origins. As part of his guilty plea, Wells admitted that he did not disclose the existence of the other three active loans while the bankruptcy judge questioned him under oath. Wells further admitted that the fifth loan, obtained on February 8, 2024, was not approved by the bankruptcy court or disclosed to the U.S. Trustee. On February 21, 2024, the bankruptcy court dismissed the business’ bankruptcy case.

    A total of $68,000 was obtained in proceeds from the five loans and used for the business’ operations or to pay down debt. The lender charged the business $9,750 in fees. Wells’ agreement with the lender gave the lender priority status over other creditors, including by granting the undisclosed lender direct access to the business’ bank account. This arrangement allowed the lender to withdraw funds directly from the business’ account without court oversight.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI). The United States Trustee’s Charleston field office, which serves West Virginia, made the criminal referral of this case to the U.S. Attorney’s Office. The United States Trustee Program is a component of the Department of Justice whose mission is to promote the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders — debtors, creditors and the public.

    United States District Judge Joseph R. Goodwin imposed the sentence. Assistant United States Attorney Jonathan T. Storage prosecuted the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:25-cr-7.

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  • MIL-OSI Security: Colorado Fentanyl Dealer Sentenced in Alpine to 20 Years in Federal Prison

    Source: Office of United States Attorneys

    ALPINE, Texas – A Colorado man was sentenced in a federal court in Alpine to 240 months in prison for distributing fentanyl to a Texas resident.

    According to court documents, Douglas Christopher Steele, 54, of Denver, engaged in a text message conversation with a man living Alpine on Jan. 29, 2024. Steele agreed to mail 20 fentanyl pills to the man’s work address. Steele notified the man that he’d mailed the package of fentanyl on Feb. 2 and, on Feb. 5, the man’s co-worker received the FedEx delivery. Through additional text message exchanges, Steele and the man discussed how strong the fentanyl was and, just after midnight on Feb. 6, 2024, the man messaged Steele telling him that he nearly overdosed. Later that morning, the man was found unresponsive in the restroom at this place of work. He was pronounced dead at a nearby hospital.

    A Homeland Security Investigations (HSI) and Texas Department of Public Safety (TX DPS) Criminal Investigation Division (CID) investigation revealed the envelopes at the man’s residence that had been mailed from Steele’s Colorado residence, and eventually the cell phone messages between the man and Steele.

    Steele was indicted on May 9, 2024 in Pecos for two counts related to fentanyl distribution and was arrested in Denver on May 11. He pleaded guilty Nov. 18, 2024.

    Acting U.S. Attorney Margaret Leachman for the Western District of Texas made the announcement.

    HSI and TX DPS CID investigated the case with assistance from the Alpine Police Department, Brewster County Sheriff’s Office, and the U.S. Postal Inspection Service.

    Assistant U.S. Attorney Amy Greenbaum prosecuted the case.

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