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On August 16, the Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Army Commander-in-Chief Amir Hatami announced a $30,000 reward for the capture or killing of U.S. soldiers. The reward will reportedly be given to any Iranian soldier who comes from "the Iranian people."On August 16, Zijin Mining International (02259.HK) announced that in the first half of the year, thanks to the full contribution of newly acquired assets and the continued optimization of mature mines, gold production increased by 44% year-on-year to approximately 27.3 tons; revenue and profit attributable to owners of the parent company increased by 100% and 179% year-on-year, respectively, and net cash flow from operating activities increased significantly by 331% year-on-year.On August 16, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces attacked the "Kamensky Joint Enterprise" in Rostov Oblast, Russia, a Russian military-industrial complex. The Ukrainian side stated that a fire broke out at the target site, and the extent of the damage and the results of the operation are still being verified. The Ukrainian military stated that this military-industrial enterprise is a major Russian military-industrial enterprise, producing solid rocket fuel for the "Hurricane," "Tornado," and "Tornado-S" multiple rocket launcher munitions, as well as related fuels for various missile systems and air-to-ground weapons. On August 16, local time, the Russian Ministry of Defense released a 24-hour combat report stating that Russian forces had taken control of two settlements: Pershomalievka in the Donetsk region and Kudyevka in the Kharkiv region. The report stated that Russian air defense forces shot down 14 guided bombs, 1 US-made HIMARS rocket, 9 Flamingo long-range cruise missiles, and 1,478 fixed-wing drones. This is the highest number of Ukrainian drones shot down in a single day as reported by the Russian Ministry of Defense to date.On August 16th, according to a report by Axios, citing three sources familiar with the matter, in mid-May, US negotiators encountered a problem when attempting to reach an agreement with Iran to end the war: they were unsure whether the Iranian representatives across the negotiating table truly represented the countrys powerful Islamic Revolutionary Guard Corps (IRGC). The report stated that, therefore, Trump administration officials took an unusual approach—bypassing Iranian negotiators and contacting the IRGC leadership directly. The person chosen by the US to oversee this secret communication channel was Nechirvan Barzani, the president of the Iraqi Kurdistan Region. He possessed an extremely rare advantage: the trust of both the US and the IRGC leadership. This incident highlights that a key reason for the difficulties in US-Iran negotiations lies in Washingtons inability to ascertain who truly holds decision-making power in Iran. The US and Iran did ultimately reach a memorandum of understanding, but it quickly collapsed.August 16 (Yonhap) -- Several North Korean soldiers recently crossed the Military Demarcation Line in the eastern region, prompting South Korean forces to fire warning shots. This is reportedly the first time this year that South Korean forces have fired warning shots in response to a North Korean incursion.

Binance's Investment in Terra LUNA is Denied by CZ

Cory Russell

May 16, 2022 10:22

CZ Dismisses Reports That Binance Has Invested in Terra

On Thursday, Binance delisted LUNA perpetual contracts with a Bitcoin (BTC) margin.


CZ had already expressed his dissatisfaction with the Terra team's handling of the problem.


As the LUNA and UST drama proceeded to shake up the market, Binance CEO Changpeng Zhao (CZ) issued a warning on Twitter to "respect the market, with a degree of care."


Despite CZ's criticism, allegations circulated on Twitter last week that crypto exchange Binance was one of the major investors in the Terra LUNA ecosystem during the LUNA and UST crises.

CZ Is No Longer Associated With the LUNA Investment

Binance CEO CZ come forth to address the Terra rumors in order to clear Binance's reputation. "First, I need to confront misinformation floating in crypto Twitter," he stated on Twitter. Binance did not participate in Luna's second round of financing and did not purchase any UST. In 2018, Binance Labs invested $3 million in Terra (the layer 0 blockchain). After our first investment, UST arrived significantly later."


Binance Labs, according to CZ, has invested in a variety of crypto ventures over the previous four years. While some of these efforts have failed, others have been quite successful. CZ said, "That's how investments operate."