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On October 18th, recently, there have been continuous reports from Tesla owners in South Korea that the battery management system of some models has malfunctioned, resulting in the maximum charge capacity of the car being limited to about 50%, seriously affecting the normal use of the vehicle. Teslas passive response has caused strong dissatisfaction among consumers. It is reported that Teslas car registrations in South Korea increased from 15,000 in 2020 to 112,000 in the first half of this year. The Ministry of Land, Infrastructure and Transport of South Korea has launched an investigation and stated that once defects are confirmed, it will order a mandatory recall. At the same time, South Korea asked Tesla to submit a rectification plan last month, but has not received a response so far. A person related to the South Korean Ministry of Environment said that they are considering canceling Teslas electric vehicle subsidy eligibility.On October 18th, Afghanistans Dawn News website reported, citing Afghan security sources, that Pakistan launched an airstrike in Paktika, Afghanistans eastern border province, on the evening of the 17th, killing at least 17 civilians, including three cricket players. The report said the attack occurred around 8:30 PM local time, when a Pakistani fighter jet struck a residential building. Sources said another 16 people were injured, including women and children. Afghan government spokesman Zabiullah Mujahid announced in a statement on social media on the 18th that Defense Minister Yaqoob had led a senior government delegation to Doha, Qatar. Earlier, local media reported that a delegation composed of senior security and intelligence officials from Afghanistan and Pakistan would hold talks in Doha to discuss extending the ceasefire and other issues.Afghan government spokesman: Afghanistan and Pakistan will hold talks in Doha, Qatar, after fierce exchanges of fire broke out between the two sides.On October 18, Japans ruling Liberal Democratic Party and the largest opposition Constitutional Democratic Party held talks on the morning of the 17th and reached an agreement on holding a prime ministerial nomination election on the 21st. The two sides also agreed on the duration of the extraordinary Diet session, which will run from October 21st to December 17th.On October 18, Kirill Dmitriev, Chairman of the Russian Direct Investment Fund (RDIF), stated that discussions regarding the tunnel project began after US President Trump and Zelensky mentioned it at the White House. Dmitriev had previously stated on the 16th that Boring Company technology could be used to build an intercontinental tunnel across the Bering Strait. He stated that the RDIF had studied existing proposals, including the US-Canada-Russia-China railway, and supported the most feasible option.

Crypto Market Daily Highlights – BNB Leads Bullish Top Ten Session

Skylar Shaw

Nov 24, 2022 15:37

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The top ten cryptos had a positive Wednesday session. BNB took the initiative, with ETH and DOGE following. For the first time in three sessions, BTC avoided trading below $16,000.


The market's attention was still on the FTX contagion risk, which was still declining by mid-week. On Wednesday, the market's response to news that FTX had $1.24 billion in cash and that investors were interested in its assets provided more support.


Sam Bankman-Fried, the former CEO of FTX, was again in the news on Wednesday. In a letter to staff, the former CEO expressed hope for rescuing the company, which made headlines. Bankman-Fried concluded the letter by adding, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The positive outcome happened despite pleas from MPs for FTX to be looked into and for further regulatory control.


The NASDAQ Composite Index increased by 0.99%, signaling that the US equity markets likewise had a positive session. The minutes of the FOMC meeting provided encouragement, with the Fed indicating a change in monetary policy.


The US economic data underwhelmed, though, restricting the NASDAQ's potential growth. Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.