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Trip promotes the DRI system across the company to implement a major integration of production and research, breaking down functional boundaries

According to exclusive reports from Big Factory Daily, Trip.com held an all-hands meeting last week to announce the promotion of the "Integration of Production and Research" system across the company. This system is centered around DRI (Directly Responsible Individual) and merges personnel from product, operations, front-end, back-end, algorithms, testing, and other areas into project-based teams, breaking down traditional functional team boundaries with the goal of achieving "everyone is a full-stack developer, everyone is a product manager."In terms of specific execution, DRI leaders are not limited by function and can be original product, operations, or technical leaders. Team members within the project group collaborate across functions, which may lead to situations where products evaluate technical performance, and technology reports to operations. Front-end and back-end teams can also propose requirements and implement them independently. Ideas from product and operations that can be realized by AI can also be delivered independently, ultimately decided by the DRI.Currently, departments such as Trip.com Travel, Flights, and Content Center have begun to respond, with different teams progressing at varying paces, and the company has not imposed a one-size-fits-all requirement. The report indicates that this move is partly influenced by Silicon Valley concepts and aligns with the trend of blurred job boundaries in the AI era. This model can effectively reduce buck-passing and disputes, shorten delivery chains, and accelerate decision-making, but the challenge lies in the high comprehensive ability requirements for DRI leaders, who need to possess both technical understanding and business insight, and such qualified leaders are currently relatively scarce.

Gate US App launches USD balance and wire transfer functions, supporting direct deposits and transactions in USD

According to the official announcement, the Gate US App has now launched the USD balance and wire transfer deposit and withdrawal functions. Users can directly hold USD in their accounts and use the USD balance for transactions, eliminating the need to convert funds into stablecoins during trading gaps, further enhancing the flexibility and convenience of fund management.Relying on the upgraded banking and payment infrastructure, eligible users who have completed identity verification can now initiate wire transfers through their own U.S. bank accounts, supporting higher transfer limits compared to bank cards or third-party payment methods, and can withdraw USD balances to verified bank accounts in the same name.Currently, Gate US holds 37 state-level money transmission licenses (MTLs), with compliant operations covering 47 states and regions in the U.S., laying a compliant foundation for the platform to continue advancing in the U.S. market and improving local financial services. With the launch of the USD balance and wire transfer functions on the app, Gate US's fiat service system covers a richer range of fund management scenarios, providing eligible users with a more efficient and convenient experience for USD fund deposits, withdrawals, and transactions.USD deposit and withdrawal services are only available in certain U.S. jurisdictions, and residents of Colorado, Hawaii, Missouri, New Jersey, Utah, or Wyoming cannot use this service.

first_img The United States sanctioned 8 Canadian currency exchange companies, accusing them of facilitating Iran's evasion of sanctions

The U.S. Department of the Treasury has imposed financial sanctions on eight Canadian currency service companies, stating that these companies have business dealings with sanctioned Iranian entities. The Treasury Department's statement indicated that the aforementioned companies facilitate the exchange of Iranian rials and other currencies and digital assets, enabling them to conduct international transactions. The related sanctions will isolate these companies from the U.S. dollar financial system.The U.S. Treasury stated that these businesses handle transactions for sanctioned Iranian digital asset exchanges and digital asset addresses associated with the Iranian Islamic Revolutionary Guard Corps. Treasury Secretary Scott Bessent stated that Canada cannot become a haven for illegal financial practitioners providing sanction evasion services to the Iranian regime and its proxies, and the Treasury will pursue and cut off financial channels for the Iranian regime globally. This action was coordinated with Canada's financial intelligence agency FINTRAC, as some sanctioned entities have attempted to evade scrutiny by changing their names and addresses.On the same day, the U.S. "Rewards for Justice" program offered a reward of up to $20 million and possible relocation arrangements for information regarding Iran's nuclear program, including its facilities, equipment, and personnel. The statement noted that Iran has not complied with the International Atomic Energy Agency's safeguards oversight, resulting in the agency losing "knowledge continuity" regarding Iran's production of enriched uranium and centrifuge components.

The legal team of Sun Yuchen filed a sanctions application against WLFI, stating that it only disclosed the shareholder's UAE citizenship months after the lawsuit

Sun Yuchen posted on platform X that his lawyer has applied for sanctions against World Liberty Financial (WLFI) because the company disclosed the UAE citizenship of its shareholders months after he filed the lawsuit.Sun Yuchen stated that he signed a token purchase agreement to buy $30 million of WLFI in November 2024, later increasing the total investment to $45 million, and filed a lawsuit against WLFI in April this year, accusing it of fraudulently inducing investment and illegally freezing his tokens. According to his token purchase agreement, the case can be filed in federal or state court in California, and he chose federal court.Sun Yuchen claimed that the disclosure documents submitted by WLFI at the beginning of the case only listed one entity of WLFI, registered in Florida, and then filed a motion for mandatory arbitration; during the August hearing, the court hinted that it did not recognize the arbitration claim and ruled that some demands would remain for public trial. Less than a week later, WLFI suddenly "corrected" the disclosure documents, increasing the number of members in the ownership chain from 1 to 22, and claimed to have citizenship in Florida, Delaware, Puerto Rico, and the UAE, thereby arguing that the federal court has no jurisdiction because both parties have foreign entities.Sun Yuchen pointed out that WLFI claims it "is not an offshore organization," is "a company that pays taxes in the United States," and "when selling tokens, it poses as a U.S. company, only to discover its UAE identity when trying to escape the U.S. federal court." He stated that after the sanctions motion is ruled on in federal court, he will refile the lawsuit in California state court.
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