Bitcoin whale dumped 24,000 BTC, triggering a flash crash that sent the price plummeting by $110,000. This depressed market sentiment, led to the liquidation of numerous leveraged long positions, and intensified short-term selling pressure.
At the same time, GoldenMining launched a new Bitcoin mining contract to mitigate the risk of Bitcoin's price decline and help Bitcoin holders earn daily returns.
What is GoldenMining?
GoldenMining is a platform that provides computing services to users worldwide. We eliminate the tedious process of purchasing, installing, and hosting mining machines, allowing you to earn stable returns with a small investment. Our mission is to provide a seamless investment experience and professional project management for anyone interested in cryptocurrency cloud mining, regardless of their experience level.
How to participate in GoldenMiningBTC mining contracts
GoldenMining offers a variety of contract plans designed to meet diverse investment needs and budgets. Users can flexibly choose the most suitable plan based on their circumstances and easily begin their cloud mining journey.
[Elphapex DG2: Investment: $6,000, 30-day contract, daily profit of $87, total return of $6,000 + $2,610
Elphapex DG2+: Investment: $12,500, 38-day contract, daily profit of $212.5, total return of $12,500 + $8,075
ANTSPACE HD5: Investment: $55,000, 47-day contract, daily profit of $1,056, total return of $55,000 + $49,632
GoldenMining Advantages
GoldenMining boasts a 24/7 online team of certified professionals specializing in cryptocurrency mining, blockchain technology, cryptocurrency finance, and security.
The platform supports deposits and withdrawals of multiple cryptocurrencies: DOGE, ADA, BTC, ETH, SOL, XRP, USDC, LTC, USDT-TRC20, USDT-ERC20, etc.
The user-friendly interface is suitable for both novice and experienced miners.
Full funds are transparent, pricing is transparent, and there are no handling or management fees.
The affiliate program allows users to earn up to 3% + 2% referral rewards.
Green and efficient infrastructure: Deployed in global green energy bases, effectively reducing operating costs and practicing environmental protection concepts.
Fund security: At GoldenMining, user funds are securely stored in a tier-one bank, and all user personal information is protected by SSL encryption. The platform provides insurance for every investment, underwritten by AIG Insurance.
Summarize
GoldenMining introduces a hybrid model that combines smart contract technology with stable passive income. This model supports environmentally friendly blockchain operations while mitigating the risks associated with price volatility. For BTC holders and broader cryptocurrency investors, it offers a new paradigm—one that combines income stability with environmental responsibility.
As market uncertainty persists, fixed-income mining contracts are likely to become a crucial component of crypto asset allocation strategies. Platforms like GoldenMining are paving the way.
For more information, please visit GoldenMining's official website: https://www.goldenmining.com
THE SURAT Diamond Bourse, billed as the world's largest office complex and bigger than the Pentagon, remains largely empty with only a few traders working.
Business has slowed, and the outlook is uncertain.
India’s diamond exports have fallen to a two-decade low due to weak Chinese demand. Now, higher US tariffs under president Donald Trump are set to hit the industry’s biggest market, which takes nearly one-third of its $28.5 billion annual exports of gems and jewellery.
In Surat, where more than 80 per cent of the world’s rough diamonds are cut and polished, orders are shrinking as the US tariffs undermine buyer confidence.
Smaller exporters have limited options, while bigger firms are considering moving part of their operations to countries like Botswana, which faces a lower 15 per cent tariff. India’s current 25 per cent tariff is set to double on 27 August.
"We are in a wait-and-watch mode until the end of August but may increase production in Botswana if this continues," said Hitesh Patel, managing director of Dharmanandan Diamonds, which expects US tariffs to cut its annual revenue by 20–25 per cent.
Shaunak Parikh, vice chairman of the Gem and Jewellery Export Promotion Council (GJEPC), said the industry was cutting working days and hours to adjust to slower demand.
At the Surat Diamond Bourse, more than 4,700 offices have been sold but fewer than 250 are in use, with several firms reconsidering plans to move in, a bourse official said.
A Mumbai-based diamond company owner, who bought office space last year, said he had postponed shifting. "U.S. tariffs have already shaken our business, and we don't want the added hassle of moving from Mumbai to Surat," he said, requesting anonymity.
In December 2023, prime minister Narendra Modi inaugurated the Surat Diamond Bourse, spread over 6.7 million square feet, larger than the Pentagon’s 6.5 million. Modi called it a symbol of "new India's strength and new resolve".
The bourse, with nine interconnected towers of 15 floors each, also houses banks, customs offices, vaults, and a jewellery mall, designed as a one-stop hub for the global diamond trade.
LITTLE SPARKLE DESPITE PEAK SEASON
Surat’s units usually step up production during this period to meet US demand ahead of Christmas and New Year. This year, many workers are unsure if they will have jobs.
"Demand has slumped so badly that the diamond packets I sold for 25,000 rupees ($285.84) last year now barely fetch 18,000," said Shailesh Mangukiya, who runs a polishing unit in Surat. He said his workforce has been cut in half to 125.
Parikh of GJEPC said without a trade deal to lower tariffs, 150,000 to 200,000 workers could lose jobs.
Industry officials said US buyers are likely to shift to suppliers in Israel, Belgium and Botswana.
Exporters are looking to Asia, Europe and the Middle East to offset US losses, but finding new buyers is difficult, they said. Many are reducing rough diamond purchases and working with small inventories, while some smaller units are offering discounts to survive.
India’s domestic demand, however, is holding. The country recently overtook China as the second-largest diamond market.
"Our sale for the last 10–15 days has slowed down a little but not that much because the loss of American demand is being compensated by some good demand in the Indian market," said Hitesh Shah, a partner at Venus Jewel, which supplies brands including Tiffany & Co and Harry Winston.
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Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence. (Photo: Reuters)
INDIA's federal investigator, the Central Bureau of Investigation (CBI), has registered a criminal case against tycoon Anil Ambani following a complaint from the State Bank of India (SBI) alleging fraud, the agency said on Saturday.
Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has business interests across sectors including power and defence.
According to SBI, Anil Ambani and his former telecom company Reliance Communications “misappropriated” bank funds by carrying out transactions that violated loan terms.
The bank said it suffered a loss of 29.29 billion rupees (£248.4 million) due to the actions.
The CBI said the case had been filed and that the complaint would undergo “thorough investigation”. On Saturday, the agency searched premises linked to Reliance Communications and Anil Ambani’s residence.
A spokesperson for Ambani said he “strongly denies all allegations and charges” and “will duly defend himself”.
“The complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Ambani was a non-executive director of the company, with no involvement in the day-to-day management,” the spokesperson said.
“It is pertinent to note that SBI, by its own order, has already withdrawn proceedings against five other non-executive directors. Despite this, Ambani has been selectively singled out.”
Anil Ambani was last in the public spotlight seven years ago when Indian politician Rahul Gandhi accused him and prime minister Narendra Modi of irregularities in the Rafale jet deal with France. Both Ambani and Modi denied the allegations.
In December 2018, India’s Supreme Court rejected demands for an investigation into the jet deal, saying it did “not find any substantial material on record to show that this is a case of commercial favouritism to any party by the Indian government”.
(With inputs from agencies)
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OpenAI is facing legal challenges in India, with publishers and news outlets accusing it of using their content without permission to train ChatGPT. (Photo: Reuters)
OPENAI, the company behind ChatGPT, will open its first India office in New Delhi later this year as it expands in its second-largest market by user numbers.
The Microsoft-backed firm has been registered as a legal entity in India and has started hiring for a local team, the company said in a statement shared with Reuters on Friday.
India is a key market for ChatGPT, which launched its lowest-priced monthly plan at $4.60 earlier this week. The move aims at reaching nearly one billion internet users in the country.
OpenAI is facing legal challenges in India, with publishers and news outlets accusing it of using their content without permission to train ChatGPT. The company has denied these claims.
"Opening our first office and building a local team is an important first step in our commitment to make advanced AI more accessible across the country and to build AI for India, and with India," OpenAI CEO Sam Altman said in the statement.
Competition in India is intensifying, with Google’s Gemini and AI startup Perplexity offering plans that give many users free access to advanced features.
India has the largest student user base for ChatGPT, and weekly active users have quadrupled in the past year, according to market data shared by OpenAI on Friday.
PROMINENT Asian businessman Surinder Arora’s company has acquired the Ministry of Justice for £245 million, adding to his portfolio of properties.
The Arora Group bought the Queen Anne’s Mansions (QAM), near Buckingham Palace, from Land Securities.
The current lease expired in December 2028, and the Arora Group was quoted as saying in the Times that it will explore “all potential avenues” for the redevelopment.
“The group will collaborate closely with stakeholders to ensure the redevelopment plan honours the site’s rich history while creating a modern, high-value asset for London. We remain deeply committed to investing in the UK economy – not just through bricks and mortar, but by creating meaningful, long-term jobs.”
Among the properties Arora owns are the Luton Hoo Hotel, Golf and Spa, the Fairmont Windsor Park and the Radisson Blu Hotel at Heathrow.
His company also has interests in commercial properties across London, from Kensington Square to Gatwick and Heathrow. Recently, the group submitted plans for a lower-cost alternative to Heathrow Airport’s proposed third runway, working with US engineering firm Bechtel.
Queen Anne’s Mansions
Chief executive officer at Landsec, Mark Allan, said, “This sale provides strong evidence of the continuing recovery in the central London investment market and allows us to crystallise a full value for this off-strategy asset much sooner than we had envisaged.”
Arora is the founder and executive chairman of the Arora Group, one of the UK’s leading hotel operators and property businesses.
Born in Punjab, India, he moved to London in 1972 and began working as a waiter at the Renaissance London Heathrow Hotel, which he would later go on to own.
Since its creation in 1999, the Arora Group has expanded through project management, from planning to delivery and long-term operation.
Today, the Group owns and operates 13 hotels across the UK, and several hotels at Heathrow Airport such as Sofitel and Hilton Garden Inn. It also leases five additional hotels. Alongside hotels, the Group manages a strong property and construction business.
The group is also building a new hotel at Dublin Airport, marking its first project outside the UK. Diversification has included acquisitions in the retail sector, such as County Mall in Crawley and the Peacocks Shopping Centre in Woking. In central London, the group purchased a three-acre freehold site in South Kensington, formerly occupied by Heythrop College, with redevelopment plans under consideration.
Arora is married to Sunita, and together they have three children – Sapna, Sonia and Sanjay. The Asian tycoon now works closely with his son, Sanjay, the chief operating officer, who leads new developments.
The group remains family-run and continues to expand across hospitality, retail, and property, maintaining a focus on long-term growth. Revenues at Arora Holdings rose to £304m producing an operating profit of £44.9m for the year ending March 2023.
The Arora family was ranked 14th in the Asian Rich List 2025 published by Eastern Eye with an estimated wealth of £1.4 billion.
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White House senior counselor for trade and manufacturing Peter Navarro speaks to reporters outside of the West Wing of the White House on August 21, 2025. (Photo: Getty Images)
WHITE HOUSE trade adviser Peter Navarro criticised India as being a "Maharaj" in tariffs and claimed it operated a "profiteering scheme" by using discounted Russian crude oil, as a war of words between India and the US continued to escalate.
Navarro's comments came as India’s foreign minister, S Jaishankar, said the US had asked New Delhi to help stabilise global energy markets by buying Russian oil.
India was "cosying up to" Chinese president Xi Jinping, Navarro added.
Meanwhile, China’s ambassador to India, Xu Feihong, said Beijing "firmly opposes" Washington's steep tariffs on Delhi and called for greater co-operation between India and China, BBC reported.
According to the broadcaster, Xu likened the US to a "bully" and blamed Washington for benefiting from free trade.
However, the US was now using tariffs as a "bargaining chip" to demand "exorbitant prices" from other nations, the Chinese diplomat was quoted as saying.
Relations between New Delhi and Washington have become strained after US president Donald Trump doubled tariffs on Indian goods to 50 per cent, including a 25 per cent additional duties for India's purchase of Russian crude oil.
Navarro told reporters in the US, “Prior to Russia's invasion of Ukraine in February 2022, India virtually bought no Russian oil... It was like almost one per cent of their need. The percentage has now gone up to 35 per cent.”
Earlier this week, Navarro wrote in the Financial Times criticising India for its procurement of Russian crude oil.
He dismissed the argument that India needs Russian oil to meet its energy requirement, saying the country acquired cheap Russian oil before making refined products, then sold on at premium prices in Europe, Africa and Asia.
"It is purely profiteering by the Indian refining industry," Navarro said.
"What is the net impact on Americans because of our trade with India? They are Maharaj in tariff. (We have) higher non-tariff barriers, massive trade deficit etc - and that hurts American workers and American business," according to him.
“The money they get from us, they use it to buy Russian oil which then is processed by their refiners,” he added.
"The Russians use the money to build arms and kill Ukrainians and Americans tax-payers have to provide more aid and military hardware to Ukrainians. That's insane.
"India does not want to recognise its role in the bloodshed," Navarro said.
Though the US imposed an additional 25 per cent tariff on India for its energy ties with Russia, it has not initiated similar actions against China, the largest buyer of Russian crude oil.
Defending its purchase of Russian crude oil, India has maintained that its energy procurement is driven by national interest and market dynamics.
India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its supplies over its invasion of Ukraine in February 2022.
Consequently, from a 1.7 per cent share in total oil imports in 2019-20, Russia's share increased to 35.1 per cent in 2024-25, and it is now the biggest oil supplier to India.