Bitget ouvre l’accès au trading assisté par agent IA, favorisant ainsi l’adoption des cryptomonnaies

VICTORIA, Seychelles, 20 août 2025 (GLOBE NEWSWIRE) — Bitget, la principale plateforme d’échange de cryptomonnaies et entreprise Web3, annonce que GetAgent, son assistant de trading alimenté par l’IA, est désormais disponible pour tous les utilisateurs. Présenté pour la première fois en juillet lors d’un lancement sur invitation uniquement, GetAgent associe intelligence artificielle avancée et données de marché en temps réel pour fournir des informations, des stratégies et des outils d’exécution au sein d’une interface de chat fluide.

Pendant cette phase d’accès sur invitation, GetAgent a reçu d’excellents retours et constitué une liste d’attente de plus de 25 000 utilisateurs. Les premiers testeurs ont formulé de précieuses suggestions, notamment sur la nécessité d’un retour visuel plus précis afin de faciliter l’interprétation des signaux de marché. Ces retours ont permis d’améliorer la précision, la personnalisation et la réactivité de la plateforme avant son lancement au grand public d’aujourd’hui.

Dans le cadre de ce lancement, GetAgent propose trois niveaux d’adhésion adaptés aux différents profils de traders. L’offre Free (Gratuite) : ouverte à tous, elle comprend l’analyse des 50 principales cryptomonnaies ainsi que des stratégies de contrats à terme. L’offre Plus : disponible avec un essai gratuit de 30 jours pour les utilisateurs en accès anticipé, elle comprend jusqu’à dix questions quotidiennes, la génération de stratégies personnalisées et une analyse de marché plus approfondie. L’offre Ultra : destinée aux traders professionnels et haute fréquence, elle permet un accès prioritaire, jusqu’à cinquante questions quotidiennes et un accès anticipé aux futures fonctionnalités. Ces offres sont pensées pour s’adapter aux ambitions de trading des utilisateurs et leur permettre d’effectuer des transactions plus intelligentes, d’accéder à des analyses plus précises et de bénéficier d’une automatisation optimisée par l’IA pour les portefeuilles, signaux de trading et mouvements de marché.

Pour célébrer ce lancement, Bitget organise une campagne de partage d’expérience GetAgent à durée limitée. Tous les utilisateurs peuvent y participer pour tenter de gagner un abonnement GetAgent Plus de 30 jours en partageant leur expérience avec l’assistant.

Avec ce lancement, GetAgent permet désormais aux traders de générer des stratégies en langage clair, réduisant ainsi la complexité grâce à un simple prompt. Cet outil regroupe plus de 50 solutions professionnelles couvrant les analyses de marché, les données on–chain et les tendances sociales, sur une plateforme unique optimisée par l’IA. Devenant plus intelligent à chaque utilisation, l’assistant s’adapte au style de chaque trader, proposant des stratégies plus pointues et des alertes de risque en temps réel.

« L’IA est en train de révolutionner le trading, et GetAgent nous permet de mettre cette puissance à la portée de tous », a déclaré Gracy Chen, PDG de Bitget. « Que vous soyez débutant dans l’univers des cryptomonnaies ou expert chevronné du marché, GetAgent vous fournit des informations qui vous aident à progresser plus rapidement, à trader plus intelligemment et à agir avec plus de confiance. »

Bitget continuera d’améliorer GetAgent en y ajoutant des intégrations, une couverture élargie d’actifs et des options de personnalisation, afin de garantir son évolution au rythme du marché et de ses utilisateurs

GetAgent est le dernier–né de la gamme croissante d’outils d’IA de Bitget, qui comprend également Bitget Seed, une plateforme d’IA permettant de découvrir des projets Web3 en phase de lancement. Ces solutions s’inscrivent dans la mission de Bitget : intégrer les technologies émergentes comme l’IA dans son écosystème de trading CeDeFi sécurisé, en reliant l’innovation on–chain à des outils conviviaux qui dynamisent les traders au quotidien.

À propos de Bitget

Fondée en 2018, Bitget est la principale plateforme d’échange de cryptomonnaies et entreprise Web3 au monde. Présente dans plus de 150 pays et régions, et au service de plus de 120 millions d’utilisateurs, la plateforme Bitget s’engage à aider ses utilisateurs à trader de manière plus intelligente grâce à sa fonctionnalité innovante de copy trading et à d’autres solutions de trading, tout en offrant un accès en temps réel aux cours du Bitcoin, de l’Ethereum et d’autres cryptomonnaies.  Bitget Wallet est un portefeuille crypto non dépositaire de premier plan qui prend en charge plus de 130 blockchains ainsi que des millions de jetons. Il propose des services de trading multi–chaînes, de staking, de paiements, ainsi qu’un accès direct à plus de 20 000 DApps, avec des fonctions de swap avancées et des analyses de marché intégrées dans une seule et même plateforme.

Bitget entend faire adopter les cryptomonnaies grâce à des partenariats stratégiques, comme en témoigne son rôle de partenaire crypto officiel de la meilleure ligue de football au monde, LALIGA, sur les marchés de l’Est, de l’Asie du Sud–Est et de l’Amérique latine. Pour faire écho à sa stratégie d’impact mondial, Bitget s’est associée à l’UNICEF pour appuyer l’éducation à la blockchain auprès de 1,1 million de personnes d’ici à 2027. Dans l’univers des sports mécaniques, Bitget est partenaire officiel crypto exclusif du MotoGP™, l’un des championnats les plus passionnants du monde.

Pour en savoir plus, veuillez consulter : Site Internet | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Pour toute demande média, veuillez nous contacter à l’adresse suivante : [email protected]

Mise en garde sur les risques : les cours des actifs numériques peuvent fluctuer et connaître une forte volatilité. Il est conseillé aux investisseurs de n’engager que les fonds qu’ils peuvent se permettre de perdre. La valeur de vos investissements peut être affectée et il est possible que vous n’atteigniez pas vos objectifs financiers ou que vous ne parveniez pas à récupérer votre capital. Nous vous encourageons à toujours solliciter les conseils d’un spécialiste financier indépendant et à tenir compte de votre expérience et de votre situation financière. Les performances passées ne constituent pas un indicateur fiable des résultats futurs. Bitget décline toute responsabilité quant à toute perte potentielle encourue. Nulle disposition des présentes ne saurait être interprétée comme un conseil d’ordre financier. Pour en savoir plus, consultez nos Conditions d’utilisation.

Une photo accompagnant ce communiqué est disponible à l’adresse suivante : http://www.globenewswire.com/NewsRoom/AttachmentNg/b7b59791–38fe–4e9f–826f–d062be5407ca


GLOBENEWSWIRE (Distribution ID 1001123787)

MotoGP encontra o Web3 com o Smarter Speed Challenge da Bitget

VICTORIA, Seicheles, Aug. 20, 2025 (GLOBE NEWSWIRE) — A Bitget, a principal corretora de criptomoedas e empresa Web3 do mundo, está acelerando para a segunda metade da temporada da MotoGP com o lançamento oficial do Smarter Speed Challenge (Desafio Velocidade Inteligente), um minijogo de corrida online criado para levar adrenalina às pontas dos dedos dos usuários Web2 e Web3. Com início em 18 de agosto, esta campanha combina jogabilidade online com benefícios reais. Usuários podem subir em classificações online ao vivo para disputar uma parte de 66.000 USDT, uma viagem paga para conhecer o pentacampeão mundial Jorge Lorenzo e ingressos VIP para a MotoGP 2026 exclusivos.

Esta iniciativa é uma extensão da colaboração mais ampla da Bitget com a MotoGP, com a bolsa atuando como Parceira Regional em quatro grandes eventos do Grande Prêmio na Itália, Alemanha, Espanha e Indonésia. No centro da parceria está a campanha “Make It Count” (Faça Valer), liderada pelo tricampeão mundial Jorge Lorenzo, reforçando o ethos compartilhado de precisão em frações de segundo e desempenho estratégico.

O desafio convida os usuários a correr como profissionais, completando circuitos diários, subindo na tabela de classificação e acumulando pontos, que são duplicados durante as principais corridas na Catalunha e na Indonésia. Mais do que apenas um jogo, é uma oportunidade para os fãs levarem o espírito das corridas para o seu dia a dia, com algumas vitórias no placar de líderes que levam a recompensas na vida real, como prêmios em dinheiro, produtos com marcas compartilhadas e experiências nos bastidores do MotoGP.

“Para a Bitget, trata–se de transformar o entusiasmo dos fãs em ação”, disse Gracy Chen, diretora executiva da Bitget. “Cripto costuma ser visto como algo técnico, mas o que estamos fazendo aqui é simplificá–lo, tornando–o divertido, intuitivo e acessível. Assim como as corridas se tratam de velocidade e precisão, esses mesmos valores também se aplicam ao trading. Com o Smarter Speed Challenge, estamos encontrando os usuários exatamente onde eles estão: na cultura, na competição e na comunidade.”

Tendo já causado impacto com ativações à beira da pista, campanhas com influenciadores e iniciativas de engajamento de fãs em locais–chave dos Grandes Prêmios na Itália e na Alemanha, o Smarter Speed Challenge marca uma expansão digital dessa parceria, alcançando comunidades globais que desejam vivenciar a energia da MotoGP sem precisar de um passe de acesso aos boxes.

O desafio acontece até 16 de novembro de 2025 e pode ser acessado diretamente pela plataforma da Bitget. Os pilotos têm bastante tempo para fazer login, mudar de marcha e descobrir até onde o Smart Speed pode levá–los.

Para mais informações e participar do desafio, acesse aqui.

Sobre a Bitget

Fundada em 2018, a Bitget é a principal corretora de criptomoedas e empresa Web3 do mundo. Atendendo a mais de 120 milhões de usuários em mais de 150 países e regiões, a Bitget está comprometida em ajudar os usuários a fazer trading de forma mais inteligente com o seu recurso pioneiro de copy trading e outras soluções de trading, oferecendo acesso em tempo real ao preço do Bitcoin, Ethereum e outras criptomoedas. Bitget Wallet é uma carteira de criptomoedas líder sem custódia que oferece suporte a mais de 130 blockchains e milhões de tokens. Ela oferece trading multicadeia, staking, pagamentos e acesso direto a mais de 20.000 DApps, com swaps avançados e insights de mercado integrados em uma única plataforma.

A Bitget está impulsionando a adoção de criptomoedas por meio de parcerias estratégicas, como seu papel de Parceira Oficial de Cripto da principal liga de futebol do mundo, a LALiga, nos mercados do Leste, Sudeste Asiático e América Latina. Alinhada com sua estratégia de impacto global, a Bitget se uniu à UNICEF para apoiar a educação em blockchain para 1,1 milhão de pessoas até 2027. No mundo do automobilismo, a Bitget é a corretora de criptomoedas parceira exclusiva do MotoGP™, um dos campeonatos mais emocionantes do mundo.

Para mais informações, acesse: Site | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
Para consultas da imprensa, entre em contato com: [email protected]

Aviso de risco: os preços dos ativos digitais estão sujeitos a flutuações e podem sofrer volatilidade significativa. Os investidores são aconselhados a alocar apenas os fundos que possam correr o risco de perder. O valor de qualquer investimento pode ser afetado e existe a possibilidade de que os objetivos financeiros não sejam alcançados e que nem o investimento principal seja recuperado. Sempre se deve procurar uma consultoria financeira independente, e a experiência financeira pessoal e a posição devem ser cuidadosamente consideradas. O desempenho passado não é um indicador confiável de resultados futuros. A Bitget não se responsabiliza por possíveis perdas incorridas. O conteúdo deste documento não deve ser interpretado como orientação financeira. Para obter mais informações, consulte os nossos Termos de Uso.

Uma foto que acompanha este anúncio está disponível em http://www.globenewswire.com/NewsRoom/AttachmentNg/5b0b371d–26c2–4ef3–a531–2a6e807a1ed4


GLOBENEWSWIRE (Distribution ID 1001123785)

Le MotoGP rencontre le Web3 avec le Smarter Speed Challenge de Bitget

VICTORIA, Seychelles, 20 août 2025 (GLOBE NEWSWIRE) — Bitget, la principale plateforme d’échange de cryptomonnaies et entreprise Web3 au monde, se prépare pour la seconde moitié de la saison MotoGP avec le lancement officiel du Smarter Speed Challenge, un mini–jeu de course en ligne conçu pour faire monter l’adrénaline des utilisateurs Web2 et Web3. Lancée le 18 août, cette campagne associe divertissement numérique et récompenses exclusives. Les participants peuvent grimper dans les classements en temps réel pour tenter de gagner une part des 66 000 USDT, un voyage tous frais payés pour rencontrer le quintuple champion du monde Jorge Lorenzo, ainsi que des Pass VIP MotoGP 2026.

Cette initiative s’inscrit dans le prolongement de la collaboration de Bitget avec le MotoGP, la plateforme étant Partenaire Régional de quatre Grands Prix majeurs : Italie, Allemagne, Espagne et Indonésie. Au cœur de ce partenariat figure la campagne « Make It Count », portée par le triple champion du monde Jorge Lorenzo, qui incarne la précision et la performance stratégique partagées par la course et le trading.

Le challenge propose aux fans de rouler comme des pros : en complétant des circuits quotidiens, en accumulant des points et en progressant dans les classements, avec un bonus de points doublés lors des courses clés de Catalogne et d’Indonésie. Plus qu’un simple jeu, c’est une occasion d’intégrer l’esprit de la compétition dans le quotidien, avec à la clé des prix en argent, du merchandising co–brandé et des expériences exclusives en coulisses du MotoGP.

« Pour Bitget, il s’agit de transformer la passion en action », a déclaré Gracy Chen, PDG de Bitget. « La crypto est souvent perçue comme technique, mais nous la rendons accessible, ludique et intuitive. Comme la course, le trading repose sur la vitesse et la précision. Avec le Smarter Speed Challenge, nous allons à la rencontre des utilisateurs là où ils se trouvent : dans la culture, dans la compétition et dans la communauté. »

Après avoir déjà marqué les esprits avec ses activations sur les circuits, ses campagnes d’influence et ses initiatives d’engagement des fans lors des Grands Prix en Italie et en Allemagne, Bitget élargit désormais sa présence dans l’univers numérique. Le Smarter Speed Challenge ouvre en effet les portes à des communautés internationales désireuses de vivre l’énergie du MotoGP sans accès direct aux paddocks.

Le défi se déroule jusqu’au 16 novembre 2025 et est disponible directement sur la plateforme Bitget. Les pilotes virtuels disposent donc de plusieurs mois pour se connecter, passer à la vitesse supérieure et découvrir tout le potentiel de Smarter Speed.

Pour plus d’informations et rejoindre le challenge, cliquez ici.

À propos de Bitget

Fondée en 2018, Bitget est la principale plateforme d’échange de cryptomonnaies et entreprise Web3 au monde. Présente dans plus de 150 pays et régions, et au service de plus de 120 millions d’utilisateurs, la plateforme Bitget s’engage à aider ses utilisateurs à trader de manière plus intelligente grâce à sa fonctionnalité innovante de copy trading et à d’autres solutions de trading, tout en offrant un accès en temps réel aux cours du Bitcoinde l’Ethereum et d’autres cryptomonnaies. Bitget Wallet est un portefeuille crypto non dépositaire de premier plan qui prend en charge plus de 130 blockchains ainsi que des millions de jetons. Il propose des services de trading multi–chaînes, de staking, de paiements, ainsi qu’un accès direct à plus de 20 000 DApps, avec des fonctions de swap avancées et des analyses de marché intégrées dans une seule et même plateforme.

Bitget entend faire adopter les cryptomonnaies grâce à des partenariats stratégiques, comme en témoigne son rôle de partenaire crypto officiel de la meilleure ligue de football au monde, LALIGA, sur les marchés de l’Est, de l’Asie du Sud–Est et de l’Amérique latine. Pour faire écho à sa stratégie d’impact mondial, Bitget s’est associée à l’UNICEF pour soutenir l’éducation à la blockchain auprès de 1,1 million de personnes d’ici à 2027. Dans l’univers des sports mécaniques, Bitget est partenaire officiel crypto exclusif du MotoGP™, l’un des championnats les plus passionnants du monde.

Pour en savoir plus, consultez : Site Internet | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
Pour toute demande média, veuillez nous contacter à l’adresse suivante : [email protected]

Mise en garde sur les risques : les cours des actifs numériques peuvent fluctuer et connaître une forte volatilité. Il est conseillé aux investisseurs de n’engager que les fonds qu’ils peuvent se permettre de perdre. La valeur de vos investissements peut être affectée et il est possible que vous n’atteigniez pas vos objectifs financiers ou que vous ne parveniez pas à récupérer votre capital. Nous vous encourageons à toujours solliciter les conseils d’un spécialiste financier indépendant et à tenir compte de votre expérience et de votre situation financière. Les performances passées ne constituent pas un indicateur fiable des résultats futurs. Bitget décline toute responsabilité quant à toute perte potentielle encourue. Nulle disposition des présentes ne saurait être interprétée comme un conseil d’ordre financier. Pour tout complément d’information, veuillez consulter nos Conditions d’utilisation.

Une photo accompagnant ce communiqué est disponible à l’adresse suivante : http://www.globenewswire.com/NewsRoom/AttachmentNg/5b0b371d–26c2–4ef3–a531–2a6e807a1ed4


GLOBENEWSWIRE (Distribution ID 1001123785)

Climate Change Breaking the Journalists Who Tell its Story

Zimbabwe experienced a drought in 2019 and livestock farmers were hit hard. Cattle crossing a dry river in Nkayi District, Nov. 2019. Credit: Busani Bafana/IPS

Zimbabwe experienced a drought in 2019 and livestock farmers were hit hard. Cattle crossing a dry river in Nkayi District, Nov. 2019. Credit: Busani Bafana/IPS

By Busani Bafana
BULAWAYO, Zimbabwe, Aug 20 2025 – My family lost six herds of cattle during the devastating El Niño-driven drought that swept Zimbabwe in 2024. The loss was as emotional as it was financial. Guilt gnawed at me.

Drought was nothing new—the past three years had made it painfully clear that I needed to supplement the cows’ feed and ferry water from kilometers away just to keep them alive. But I was fighting a losing battle, desperately trying to sustain emaciated, skeletal animals. Eventually, I had to accept the inevitable: climate change had killed our cattle, and I had been complicit in their suffering.

Have I moved on? Not really. At first, I told myself my distress was an overreaction. After all, countless farmers lost hundreds of livestock and watched their crops wither to nothing. They had suffered more and lost more than I was crying over. Stress, I reasoned, was simply part of the job.

Journalists report on climate change without being personally affected—or so I thought. I was wrong.

Climate change doesn’t just destroy landscapes and livelihoods; it takes a psychological toll on journalists who highlight its horrors.

A groundbreaking study by Dr. Antony Feinstein, a psychologist at the University of Toronto, reveals a hidden crisis: journalists covering the climate crisis are suffering profound emotional and mental health consequences. The research presented during a discussion organized by the Oxford Climate Journalists Network (OCJN) surveyed 268 journalists across 90 countries, spanning Africa, Asia, Europe, and the Americas.

The findings are staggering and spoke to me. Forty percent of journalists reported experiencing depression, while one in five exhibited symptoms of post-traumatic stress disorder (PTSD), often linked to the “moral injury” of bearing witness to environmental destruction. More than half (55 percent) of the journalists said they lacked access to psychological support, and 16 percent had taken time off work for mental health reasons as a result of covering climate change stories.

The numbers grow even grimmer: nearly half of the journalists surveyed reported moderate to severe anxiety (48%) and depression (42%). Around 22% showed prominent PTSD symptoms. Worse still, 30% had been directly impacted by climate change—losing family, friends, or homes to the crisis. I counted myself in that statistic. I may not have lost a family member, a friend or a home but if cattle count as part of my life, I was affected.

As a journalist reporting on climate change in Zimbabwe—one of the world’s most vulnerable nations—these findings hit close to home. They exposed a fragility I had long dismissed as just part of the job.

Journalists need psychological support. Stigma about mental health runs deep and how do I tell friends and family that I am not okay reporting a story on the impacts of droughts, worse that I have witnessed the loss of six cattle because I could not save them when the drought decimated pastures and dried water supplies? So what? negative events are normal and feeling bad is, I guess, normal too? I have had a lingering question. Surely I can be unsettled by the deaths of cattle and listening to the desperate narratives of farmers about how climate change has upended their lives?

I was depressed, sad, and guilty. I could not do anything to stop cattle dying nor could I pacify farmers in pain. The trauma in covering catastrophe after catastrophe is numbing. Journalists who report on climate change are witnessing a global crisis of our time, and they need support to deliver the news without sacrificing their mental health.

Witnessing tragic events carries a heavy burden for journalists who report on them. I recall covering a story about the impact of drought on livestock farmers in Matabeleland, Zimbabwe’s northern province, where farmers were sharing their staple maize with their cows to keep them alive. Many lost more, some three, five and six cattle between them, but they did give up, though despair was scrawled on their faces. I was shocked and numbed by listening to their sad narrations, but I had to get the story out. I felt hopeless.

Getting a “good” story out of bad experiences means I have to make a tough choice of putting my feelings aside and getting the job done. I have not acknowledged the mental load of witnessing the trauma of covering disasters, yet journalists are supposedly resilient to disturbing news and they soldier on. But no. I have experienced depression at the thought of how people bounce back from personal loss when climate change hits. It is a horror movie that continuously plays in my mind as I go about reporting.

Journalists would benefit from a comprehensive support programme to help them step away from the pressure of being witnesses to catastrophic events. The trauma is beyond comprehension; there is no justification to suffer in silence, especially when mental stress is not talked about in public but endured in private. As a journalist, I have been a victim.

How do I separate myself, my mind and my emotions from the sad stories I cover? I do not have an answer. I am convinced that journalists should tell climate change stories but not be forced to live the reality, although that is almost impossible. Many like me are living the stories they tell with deep scars of mental fatigue and regret.

I believe that newsrooms can offer support in terms of preparing journalists to have the mental agility to report on crises without taking strain from reporting them. Moreover, the impacts of climate change, which is a defining story of the century, affect everyone. Those who say so are at the forefront of agitation, anguish, and hopelessness.

The climate crisis is breaking more than just ecosystems—it’s breaking the journalists who tell its story.

IPS UN Bureau Report

 


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IPS UN Bureau Report

Bitget Debuts First-Ever RWA Index Perpetuals Featuring Major Real-World Assets

VICTORIA, Seychelles, Aug. 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today announced the launch of the industry’s first RWA (Real–World Asset) Index Perpetual Contract. This pioneering product, set to go live on August 20, introduces a new way for users to trade tokenized traditional assets, starting with selected RWA products including TSLAUSDT (RWA), NVDAUSDT (RWA), and CRCLUSDT (RWA).

The RWA Index Perpetual Contract is built on a composite of tokenized stock indices already circulating in the market. Each index contains one or more RWA tokens to track prices from different third–party issuers. For example, the AAPL RWA Index Perpetual Contract may represent a composite of AAPL tokens issued by a couple of different third–party issuers.

Similar to how existing crypto perpetual contracts derive their index prices from multiple major crypto exchanges, Bitget’s innovative RWA Index Perpetual Contract can dynamically add or remove index sources depending on measurable factors such as market activity, trading volume, and liquidity conditions. Bitget may adjust and disclose the index weighting from time to time. This approach guarantees both flexibility and fairness in pricing.

To maintain fair pricing and risk management, the RWA Index Perpetual Contracts will be traded on a 5×24 schedule, closing on weekends and stock market holidays. During closure periods, the market price will remain frozen to prevent liquidation; however, users may choose to add margin in anticipation of sharp market moves upon reopening. Order cancellations will be allowed during these closures, while new orders will not be accepted. Funding fees will also pause during market closures, with settlement resuming on an hourly cycle when trading is active.

In terms of trading experience, RWA perpetual contracts share the same mechanics and liquidation process as existing crypto perpetual contracts, reducing the learning curve for users. To mitigate early–stage risks, Bitget will cap leverage at 10x, support only isolated margin mode, and apply open interest position limits across the platform.

“Bitget thrives on innovation that stems from the emerging cryptospace,” said Gracy Chen, CEO at Bitget. “With the world’s first RWA Index Perpetual Contract, we are slowly transitioning into a comprehensive ecosystem of all things finance. This product shows the platform's advancement as compared to other players, as it enables traders with exposure to a modern and traditional range of asset classes, bridging the gap between TradFi and DeFi.”

At launch, Bitget’s index pricing will draw from stock tokens issued on the xStocks platform, with plans to onboard additional trusted issuers in the near future. Support for a broader range of RWA perpetual contracts on Bitget Futures is also scheduled for later this quarter.

Terms and conditions apply. To get started, visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real–time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Bitget Wallet is a leading non–custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi–chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43f9cffc–0505–4c44–8fa1–e2b89f35ea3a


GLOBENEWSWIRE (Distribution ID 1001123774)

Swept Away: Flash Floods, Failed Systems Bane of Pakistan’s North

Rescuers carry children away from their flood-devastated village in the Buner region in Khyber Pakhtunkhwa (KP) province. The region Credit: Al Khidmat Foundation

Rescuers carry children away from their flood-devastated village in the Buner region in Khyber Pakhtunkhwa (KP) province. The region Credit: Al Khidmat Foundation

By Zofeen Ebrahim
KARACHI, Aug 20 2025 – Intense rainfall over small areas in Pakistan’s mountainous regions caused massive destruction, sweeping away entire villages.

On August 15, the district of Buner in Khyber Pakhtunkhwa (KP) province experienced a weather anomaly in which glacier melt and intense monsoon rains caused floods that buried villages under mud and rock.

“I’ll never forget what we saw as we crested the last hill—no life, no homes, no trees—just grey sludge and massive boulders,” recalled Amjad Ali, a 31-year-old rescuer from Al-Khidmat Foundation, the charitable arm of the Islamist political party Jamaat-e-Islami, and the first to reach the village of Bishonai, 90 percent of which had been washed away.

It took Ali and his team of 15 volunteers, including two paramedics, four hours to reach the once-forested village—now buried under mud and rock.

Since June, northern valleys across Gilgit-Baltistan, Kashmir, and KP have faced repeated climate disasters. Between June 26 and August 19, the National Disaster Management Authority (NDMA) reported over 695 deaths—53 percent from flash floods, 31 percent from house collapses, and nearly 8 percent from drowning.

Women, children led to safety. Rescuers carry children away from their devastated village. Credit: Al Khidmat Foundation

Villagers, including women and children, led to safety. Credit: Al Khidmat Foundation

More Extreme Weather is Expected

“The weather is on a rampage—it’s not going to improve,” warned Sahibzad Khan, Director General of the Pakistan Meteorological Department.

He explained that delayed and reduced snowfall until March left little time for accumulation of snow.

“Temperatures rose steadily from April, with northern regions seeing a 7°–9°C spike in August,” he said.

Khan cautioned against labeling the recent events as “cloudbursts,” noting that these typically involve over 100 mm of rain in an hour. For him, what stood out in Buner was the unusual collapse of massive boulders—a sign of glacial disintegration.

“This was inevitable,” said Khan. “Rising temperatures are wreaking havoc on glaciers. Huge boulders falling from the mountains suggest ancient glaciers are breaking apart.”

He warned that warming of the Third Pole (mountainous region located in the west and south of the Tibetan Plateau) could lead to loss of the ice towers—the lifeline of the Indus Basin.

As scientists warned of long-term consequences, communities on the ground are grappling with the immediate aftermath.

Rescue workers pray during evacuation and rescue operations in district of Buner, in Khyber Pakhtunkhwa (KP) province, Pakistan. Al Khidmat Foundation

Rescue workers pray during evacuation and rescue operations in the district of Buner, in Khyber Pakhtunkhwa (KP) province, Pakistan. Al Khidmat Foundation

 

Rescue trucks line up to enter the district of Buner, in Khyber Pakhtunkhwa (KP) province, Pakistan devastated by floods. Al Khidmat Foundation

Rescue trucks line up to enter the district of Buner, in Khyber Pakhtunkhwa (KP) province, Pakistan devastated by floods. Al Khidmat Foundation

Rescuer’s Tale

“People were in a state of shock but from what little we learned, it had been raining gently all through Thursday night (Aug 14). Then around 8:30 am on Friday (Aug 15), a ferocious torrent swept through, destroying everything in its path,” said rescuer Ali, speaking from Sawari Bazar, 30-minutes from Bishonai village.

Every survivor shared the same story—it struck suddenly, leaving no time to save anyone.

“I pulled a man from the sludge with a broken leg and one eye missing,” said Ali. “He was the sole survivor of 14 family members. Their three storey home was gone.”

He adds, “Everyone who survived had a dozen or so family members missing that day.”

Though he had led rescue teams for five years, Ali said he had never witnessed such horror. It wasn’t the eight-hour trek to and from Bishonai that drained them, but the emotional toll of retrieving bodies and injured survivors buried in the sludge.

With help from over 100 volunteers, they were able to bury over 200 men, women and children – some headless, others with limbs missing. Over 470 missing villagers were presumed dead. They returned home at 2 am, but the work was far from over.

The official death toll across Pakistan stands at 695: 425 in Khyber Pakhtunkhwa, 164 in Punjab, 32 in G-B, 29 in Sindh, 22 in Balochistan, 15 in Kashmir and 8 in Islamabad—and the number continues to rise.

Nearly 958 injuries have been recorded until Aug 19 by the NDMA with 582 in Punjab, 267 in KP, 40 in Sindh, 37 in Gilgit-Baltistan, 24 in Kashmir, 5 in Balochistan and 3 in Islamabad.

Official figures report 17,917 people rescued—over 14,000 from KP alone.

The floods damaged 451 km of roads, 152 bridges, and 2,707 homes—833 completely destroyed—mostly in KP and G-B. Floods also claimed 1,023 livestock, with KP the worst hit.

The KP government has released PKR 800 million in relief funds for the affected districts and an additional PKR 500 million for Buner, the worst-hit area.

Gilgit-Baltistan in Ruins

Gilgit-Baltistan, like KP, is reeling from similar climate disaster of flash floods

“Not a single part of G-B has been spared,” said Khadim Hussain, head of the region’s Environmental Protection Agency. He reported widespread destruction of farmland, homes, hotels, restaurants, and entire riverbank hamlets. Several villages remain cut off due to collapsed bridges and face critical drinking water shortages.

The situation turns critical when the Karakoram Highway—G-B’s link to the rest of the country—is blocked. “It’s been flooded multiple times in just 10 days,” he said. Glacier collapse and district-wide floods submerged sections, stranding travelers for up to 12 hours.

Essential services have also collapsed. Gilgit, the region’s capital, has had no electricity for three days. “The main hydropower station is severely damaged; smaller micro-hydro units were washed away,” added Hussain. Communication networks are also down.

Rescue workers in a house wrecked by floods in the district of Buner, in Khyber Pakhtunkhwa (KP) province, Pakistan. The water still rages below them. Credit: Al Khidmat Foundation

Rescue workers in a house wrecked by floods in the district of Buner, in Khyber Pakhtunkhwa (KP) province, Pakistan. The water rages below them. Credit: Al Khidmat Foundation

Cloudburst Crises

Hamid Mir, coordinator with WWF Pakistan, who has been studying weather patterns for over a decade, explained that warmer air holds more moisture.

“With every 1°C rise in temperature, air holds 7 percent more water vapor, increasing rainfall intensity.”

Rapid glacier melt adds humidity to local microclimates, feeding convective clouds, which are responsible for short, intense rainfall events, including cloudbursts, he said.

“What we are seeing is just the tip of the iceberg!” warned Mir, explaining that G-B’s steep terrain accelerates condensation and torrential downpours

A weather map for August 15 shows the cloud cover. Credit: National Emergency Operation Centre

A weather map for August 15 shows the cloud cover. Credit: National Emergency Operation Centre

Pakistan’s Climate Wake-Up Call

Mir also pointed to deforestation as a major factor. Native pine and oak trees at high altitudes have been replaced with moisture-releasing broadleaf species, altering weather patterns. Northern Pakistan holds 45 percent of the country’s forests and 60 percent of its coniferous cover, but deforestation has reduced natural carbon and moisture sinks.

“If we can put an end to the timber mafia stripping our mountain slopes, there’s still hope,” said PMD’s Khan.

Babajan, president of the Awami Workers Party’s G-B chapter, said illegal timber trade continued with “tacit support from government and security agencies.” He urged regional climate action: promoting electric vehicles, reducing fossil fuel use, and rethinking environmentally harmful construction practices.

He also blamed excessive mining and mountain blasting for resource depletion. “These are finite resources—we must take only what we truly need.”

Mir supported Babajan’s concerns, citing Buner’s transformation: once known for its stream fish, it now lacks clean drinking water due to marble industry expansion. “It’s a stark example of how ruthless development and unchecked industrialization can destroy once-pristine landscapes,” he said.

Absence of Local Leadership

Dr. Ghulam Rasul, former Director General of the PMD, emphasized the urgent need for improved early warning systems, stronger district-level disaster management, and greater community awareness around climate disasters, drawing on not just regional but global best practices.

“We urgently need an elected and functioning local government in place, which was dismantled two decades ago,” said 60-year-old Safiullah Baig, a member of the Progressive Gilgit Baltistan, a popular progressive social media page on G-B, which raises common people’s issues, human rights violations, and gender discrimination, as well as matters related to colonial governance, climate change and land capture.

“The bureaucrats ruling us are not from here, don’t understand our geography or culture, and have no empathy,” he said.

“As always, the floods will once again give them a perfect opportunity to profit—appealing for funds locally and internationally by showcasing our suffering,” he said. “The aid rarely reaches those who need it the most.”

With events such as cloudbursts and their increased intensities, Sobia Kapadia, a climate resilience expert, said it was unfair to put the blame on climate alone.

“From siloed development strategies to weak management, lapses in governance, myopic vision, and persistent corruption are intensifying the fragility,” she said, speaking to IPS over the phone from London.

Kapadia, who has worked extensively in Pakistan post-2010 ‘super’ floods, said the land-use management plans were ignoring the health of ecosystems, and large-scale infrastructure projects were leaving the most at-risk vulnerable communities dangerously exposed.

These events highlight an urgent opportunity to transform crisis into resilience, she said, giving “us a chance to safeguard our future” against increasingly intense climate shocks.

Endorsing Kapadia, EPA-GB’s Hussain said the toughest yet most crucial decision for the provincial governments is to remove encroachments along the rivers. “Illegally built structures must be dismantled to allow floodwaters a natural path and protect lives and property,” he said, stressing the need for coordinated multi-agency action and, above all, a strong political will.

“The solution goes beyond technical fixes; Pakistan needs deep systemic change and transformative adaptation to effectively confront these growing climate crises and termed it a whole-of-society approach integrating policy reforms, cross-sectoral collaboration and locally led adaptation, rooted in the context of indigenous knowledge,” agreed Kapdia.

Babajan agreed the crisis is man-made and fixable. “We must focus on prevention—finding local solutions before the damage occurs. We must draw on the wisdom and technologies of our elders to build resilience.”

IPS UN Bureau Report

 


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Can the UN Trusteeship Council be an Important Part of the Solution in the Middle East?

The Trusteeship Council Chamber at UN Headquarters. Credit: UN Photo/Rick Bajornas

By Ingeborg Breines
OSLO, Norway, Aug 20 2025 – Many feel desperation and anger that the genocide of the Palestinians is not being stopped. How can the US, Germany and others continue to pour funds and weapons into Israel despite decisions in the UN’s highest bodies indicating complicity in accordance with the Convention against Genocide?

How can countries maintain trade agreements with Israel and allow big funds to continue investing in a country that violates all international law and normal decency? How can the countries of the world accept giving the great powers, in this case the US, so much power also in the UN that UN decisions are blocked by veto?

Could the solution be to revitalize the UN Trusteeship Council, with a mandate to help former colonies or trust territories achieve independence and thereby also contribute to peace and security?

The Trusteeship Council is one of the central organs of the UN, with a mandate and representation enshrined in Chapter 13 of the UN Charter. The Council has been inactive since 1994 when the last trust territory, Palau, became a member of the UN.

The Council has accumulated many years of experience in helping colonies/trustees to function independently after that the colonial powers have had to let go of them. The Council can and should use expertise and experience from the rest of UN system in its work, not least from the specialized agencies. In this case, it will also be necessary to involve a larger contingent of the UN peacekeeping forces.

The situation in Palestine is different from that in the old colonies, but not so different. When the UN in 1947, after strong pressure from England and under doubt, decided to divide Palestine into a Jewish and an Arab state (resolution 181), the Trusteeship Council was given responsibility for dealing with the difficult questions surrounding Jerusalem, which was seen as a corpus separatum.

The Trusteeship Council was to ensure that the situation was reassessed after a 10-year trial period and the people were to be allowed to express their views via referendum.

The current and intolerable situation in the area, the many wars that followed the decision in the UN, the brutal displacement of Palestinians and the violations of a number of agreements have fully demonstrated that the partition of the old Palestine was an untenable decision.

The so-called two-state solution is also no longer a possible solution to the problem, given the overall situation on the ground. Could the Trusteeship Council be The Body, that last hope to help end the atrocities and the genocide and also contribute to creating peace and security in the area?

The most effective would be to establish a UN protectorate for the entire area, with both Israel and Gaza, the West Bank and Jerusalem, for example for a 10-year period. If the experiences after the trial period will result in a new Palestine with equal democratic rights for Jews, Muslims, Christians and others, only time will tell.

Israel will of course protest being placed under UN control and will be supported by the USA and probably some US allies. However, the decision to establish a protectorate/trusteeship area does not necessarily have to be taken by the Security Council where a US veto must be expected, but by the General Assembly.

People around the world cannot bear to see more suffering and destruction in Gaza and the West Bank. To get out of this terrible situation and avoid someone choosing to use military force to stop the madness, it is worth trying such a drastic diplomatic solution as soon as possible.

The UN is the only body that can end this situation. The intelligent and far-sighted people who established the UN Charter 80 years ago have given us the tools we need. It is up to the international community to use them.

Ingeborg Breines is a former director UNESCO, and a former president of the International Peace Bureau.

IPS UN Bureau

 


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MotoGP Meets Web3 With Bitget’s Smarter Speed Challenge

VICTORIA, Seychelles, Aug. 19, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, is revving up for the second half of the MotoGP season with the official launch of the Smarter Speed Challenge, an online racing mini–game built to bring an adrenaline rush to the fingertips of both Web2 and Web3 users. Flagging off on August 18, this campaign blends online gameplay with real–world perks. Users can climb live online leaderboards for their chance at a share of 66,000 USDT, a paid trip to meet five–time world champion Jorge Lorenzo and exclusive 2026 MotoGP VIP Passes.

This initiative is an extension of Bitget’s broader MotoGP collaboration, with the exchange serving as the Regional Partner for four major Grand Prix events in Italy, Germany, Spain, and Indonesia. At the heart of the partnership is the “Make It Count” campaign, fronted by three–time world champion Jorge Lorenzo, reinforcing the shared ethos of split–second precision and strategic performance.

The challenge invites users to race like a pro by completing daily circuits, climbing the leaderboard, and collecting points with points being double during key races in Catalunya and Indonesia. More than just a game, it’s a chance for fans to bring the spirit of racing into their everyday lives with a few leaderboard wins leading to real–life rewards like cash prizes, co–branded merchandise, and behind–the–scenes MotoGP experiences.

“For Bitget, it’s about turning fandom into action,” said Gracy Chen, Chief Executive Officer at Bitget. “Crypto is often seen as technical, but what we’re doing here is simplifying it by making it fun, intuitive, and relatable. Just like racing is about speed and precision, the same values also apply to trading. With the Smarter Speed Challenge, we’re meeting users right where they are: in culture, in competition, and in community.”

Having already made an impact with trackside activations, influencer campaigns, and fan engagement initiatives across key Grand Prix locations in Italy and Germany, the Smarter Speed Challenge marks a digital expansion of that partnership, tapping into global communities who want to experience the energy of MotoGP without needing a pit pass.

The challenge runs till November 16, 2025 and is accessible directly via the Bitget platform. Racers have plenty of time to log in, shift gears, and discover just how far Smart Speed can take them.

For more information and to join the challenge, visit here.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real–time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Bitget Wallet is a leading non–custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi–chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet
For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

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GLOBENEWSWIRE (Distribution ID 1001123557)

CGTN: Xizang’s development is a story of transformation and renewal

BEIJING, Aug. 19, 2025 (GLOBE NEWSWIRE) — The story of today’s Xizang Autonomous Region can’t be told in isolation. The profound transformation, resilience and renewal that people see today are a stark departure from the dark legacy of serfdom. It is a testament to the power of development guided by people–centered governance.

Once, at a two–day high–level meeting, Chinese President Xi Jinping called for further efforts to ensure national security and enduring peace and stability, steadily improve people’s lives, maintain a good environment, solidify border defense and ensure frontier security in Xizang. As an inseparable part of China, Xizang has always been a priority for the Central Government.

For centuries, ordinary Tibetans lived under the crushing weight of a feudal theocracy. Roughly 95 percent of the population were bound as serfs, deprived of land, education, and dignity. This old system preserved the privileges of a narrow elite while condemning the majority to poverty and powerlessness. The establishment of the People’s Government of the Xizang Autonomous Region marked a clear break from the past. People in Xizang transitioned from being oppressed serfs to citizens who became masters of their own fate.

The system of regional ethnic autonomy ensures that people of all ethnic groups are masters of their own affairs. As of 2025, Xizang has 42,153 deputies to the National People’s Congress at various levels, with ethnic minorities making up 89.2 percent of all local people’s congressional deputies. Over 57.17 percent of township–level party and government leaders are from minority backgrounds. And at the grassroots level, voter turnout exceeds 90 percent.

And the region’s economy boomed. The region’s GDP soared from just 174 million yuan (around $24.3 million) in 1959 to more than 276 billion yuan (around $38.5 billion) in 2024. Per capita disposable income reached over 31,000 yuan (around $4300), while absolute poverty – once a defining feature of life on the plateau – was eliminated by 2019, lifting 628,000 registered impoverished people out of hardship. Today, residents enjoy a steadily rising quality of life, with average life expectancy climbing from 35.5 years in 1951 to 72.5 years in 2024, reaching historic heights.

Education and healthcare are pillars of social progress. School–age students completing nine–year compulsory education have jumped from 2 percent to around 98 percent, while higher education enrollment exceeds 57 percent. And since 2015, medical aid programs have enabled local treatment for over 400 major conditions. Qu Dian, a 72–year–old Lhasa resident, had over 90 percent of his costs covered by insurance when he underwent cardiac surgery. “This would have been unimaginable in the old society,” he said.

The story of Xizang is also one of openness. Trade links now span 140 countries and regions, while tourism brought in 64 million visitors and 75 billion yuan in 2024. Local products like cordyceps (a genus of fungi used for centuries in Traditional Chinese Medicine) and yak wool reach global markets, and residents enjoy access to international goods with unprecedented ease.

It was nothing short of a rebirth for the region. The transformation it has experienced can’t be told separately from the depth of abjectness from where it started. From being oppressed and disregarded to becoming masters of its own affairs and prosperity, the decades of transformation brought Xizang to a level that would not have been dreamed of by people in the past. The snowy plateau has blossomed into a land of opportunity and hope – an achievement that speaks not just to Xizang’s people, but to the strength of a vision that places human well–being at the center of development.

Link:https://news.cgtn.com/news/2025–08–19/CGTN–Xizang–s–development–is–a–story–of–transformation–and–renewal–1FXXXuc4ZVu/p.html

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GLOBENEWSWIRE (Distribution ID 9514776)

Environmentalists Confident Case Against US Funding of Mozambique LNG Project Will Succeed

Fishermen in the LNG rich Afungi Peninsula in the Palma District of Cabo Delgado Province northern Mozambique. The area is the site of major LNG projects, including the Mozambique LNG project. Credit: Justica Ambential

Fishermen in the LNG rich Afungi Peninsula in the Palma District of Cabo Delgado Province, northern Mozambique. The area is the site of major LNG projects, including the Mozambique LNG project.
Credit: Justica Ambential

By Maina Waruru
NAIROBI, Aug 19 2025 – Environmental campaign groups are confident that a suit filed in the United States, seeking to stop the country’s Export-Import Bank (EXIM) from the ‘unlawful’ lending of nearly USD 5 billion to the controversial Mozambique Liquefied Natural Gas (LNG) project, will succeed.

The groups, including Friends of the Earth U.S. and Justiça Ambiental/Friends of the Earth Mozambique, with representation from EarthRights International, filed a lawsuit and believe the financial transaction in March in a deal with the project owners, TotalEnergies, was rushed through to avoid going through requisite requirements.

It alleges that EXIM rushed through approval without conducting required “environmental reviews, economic assessments, and the required input by the public and US Congress.

“EXIM failed to follow its own Charter and federal law, setting a dangerous precedent for future decisions,” they said in papers filed on 14 July.

They allege that in February, President Donald Trump ‘illegally’ constituted EXIM’s acting Board of Directors without the US Senate’s consent, and weeks later, in March, EXIM’s improperly constituted “acting” board of directors announced final approval of the massive USD 4.7 billion loan.

The bank, they charged, entered the transaction despite the ongoing conflict and humanitarian crisis in Mozambique and the fact that the project operator, TotalEnergies, declared force majeure more than four years ago after a violent uprising.

The French oil giant has been unable to resume operations since.

“EXIM’s Board charged ahead with subsidizing the project, without considering the conflict and the harms the project will inflict on the environment and local communities, and despite multiple nations’ open investigations into allegations of serious human rights violations at the project site,” they added.

An EXIM spokesperson would not comment on the ongoing legal proceedings.

“The Export-Import Bank of the United States (EXIM) is aware of recent reports, letters, and inquiries regarding ongoing legal proceedings. As a matter of longstanding policy, EXIM does not comment on pending litigation,” the spokesperson said in an email. “EXIM remains committed to its mission of supporting American jobs by facilitating the export of U.S. goods and services. The Bank continues to operate in accordance with all applicable laws and regulations.”

According to Hallie Templeton, Legal Director of Friends of the Earth, EXIM is bound by a number of different federal laws that govern its actions and financing, including the Export-Import Bank Act, which is its charter.

“The US Congress placed a number of important limitations and procedural protections on EXIM’s activities, given the sensitive foreign policy, economic, and human rights issues that lending to foreign corporations for foreign projects can entail,” he explained.

“Among other things, this includes numerous notice and comment procedures, particular economic considerations to ensure EXIM isn’t harming the US economy, limitations on over-subsidization, the requirement that a quorum of Senate-confirmed members of the Board approve major transactions, and consideration of environmental and social impacts,” he told IPS News.

At the direction of Congress, EXIM also has put in place a number of important policies and procedures that govern the projects it finances and the conditions on which it does so. These include compliance with a number of important environmental and social standards and other safeguards.

“The acting board lacked legal authority to approve this loan. EXIM also failed to conduct mandated procedures and analysis under the National Environmental Policy Act and overall acted contrary to multiple provisions of the Administrative Procedure Act’s requirements on process and sound decision-making in the federal government,” Templeton explained.

Exim’s Act is clear as to how members of the Board are to be appointed. Those procedures weren’t followed in appointing the acting board, he said, adding that it was not clear whether President Trump’s intention for the appointments was so as to approve the loan.

“We cannot speak to the intent behind the way the President proceeded or the individuals he selected, but it was unlawful to bypass the Senate and appoint ‘acting’ members to the Board,” he noted.

He observed, “Likewise, rushing through the loan without federally mandated notice and comment or complying with the other legal requirements for final approval of a loan of this size was unlawful. EXIM should have taken these steps in any scenario.”

The financier’s “disregard of the law,” he said, is worsened by the ongoing conflict, allegations of grave human rights violations, and the numerous pending investigations, some of which specifically concern forces providing security to the project and the role of the project operator itself.

Friends of the Earth-US has the utmost confidence in the case’s success, especially given that EXIM has “violated multiple federal laws, with the board acting contrary to the ‘plain text’ of its Charter and other federal laws, ‘acting as if they are above the law.’”

“We are confident that they will be held accountable,” he added.

Through the US’s Freedom of Information Acts, it has been revealed that EXIM ignored the risks of Mozambique LNG when they approved the project in 2019/2020, and in 2025, they have not only ignored the risks but have also failed to follow the proper process, Kate DeAngelis, Economic Policy Deputy Director for Friends of the Earth US told IPS News.

Exim bank, she complained, did not want to provide the Congress or the public the time to comment because they know that this is a bad deal for American taxpayers.

“There are legal procedures and processes in place to ensure the U.S. Export-Import Bank does not waste taxpayer dollars on risky projects plagued by violent insurgencies.”

“Yet Exim—like the rest of the Trump administration—believes that it can operate outside the law. We will not stand by while it cuts health care and disaster aid so that it can give handouts to fossil fuel companies,” the official added.

“Exim’s Board’s illegal decision to subsidize this project, without even considering the risks to local people, let alone the serious allegations that project security committed a massacre at the project site, is beyond reckless. EXIM needs to do its job and actually consider the harms this project will inflict on local people,” said Richard Herz of EarthRights International

An Islamist insurgency in the Cabo Delgado province in northern Mozambique since 2017 has led to thousands of deaths and displacement of the civilian population in one of the bloodiest conflicts in Africa in the recent past.

While the Jihadist violence has diminished after intervention by regional forces, an attack was reported in the Meluco district of the gas region last March, indicating a province that is far from safe.

TotalEnergies suspended operations in the Mozambique LNG project in April 2021 due to the insecurity, leading to the withdrawal of personnel and a halt to construction, a decision directly linked to the escalating attacks by the militants in the province.

Last December, climate and environmental activists from Japan criticized the Japan Bank for International Cooperation (JBIC) for financing the LNG project to the tune of USD 3 billion in a loan signed in July 2024.

The groups, in a report, revealed that the bank supports the Mozambique LNG project directly with a USD 3 billion loan and through a loan of USD 536 million to Mitsui, a Japanese corporate group that is involved in the development.

“The Mozambique LNG Project is linked to violent conflict, has resulted in social injustices among Mozambican citizens, and is a potential source of massive carbon emissions,” the report noted.

It concluded that if it proceeded, despite becoming the biggest gas project in Africa, it would deliver low revenues to its host country and place the country at risk of liability if it failed.

IPS UN Bureau Report

 


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