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January 18th - According to Yonhap News Agency, the joint South Korean military and police investigation team responsible for investigating the alleged "intrusion into North Korea" by civilian drones summoned a man in his 30s on January 16th as a civilian suspect. The investigation team believes the man is involved in manufacturing the drone in question.NIO: On January 18, 2026, 120 days after officially starting deliveries, NIOs new ES8 successfully delivered more than 50,000 units.According to the Washington Post, U.S. Department of Defense officials said the Department of Defense has ordered about 1,500 active duty military personnel to prepare for deployment to Minnesota.On January 18th, several members of the European Parliament stated on the 17th that the trade agreement reached between the US and Europe last July would not be approved due to US threats against Greenland. They also called for the use of anti-coercion tools in response to the US tariffs. Manfred Weber, chairman of the European Peoples Party (EPP), the largest group in the European Parliament, said in a statement that escalating tensions between the US and Europe mean the European Parliament will not support the agreement. Given the US threats against Greenland, the party cannot ratify the agreement at this stage, and the zero-tariff measures on relevant US products must be suspended.On January 18th, thousands of Danish residents held a demonstration in Copenhagen, the capital, on the 17th to protest the United States attempt to control Greenland. Some of the demonstrators were from mainland Denmark, while others were from Greenland. Around noon, the march began at Copenhagens City Hall Square and proceeded to the US Embassy in Denmark, about two kilometers away. The demonstrators held signs reading "Greenland Not for Sale" and "Americans, Get Out," chanting slogans to express the Danish peoples united stance against the USs attempt to seize the island.

Coinbase CFO says full contagion impact of FTX collapse still to show

Skylar Shaw

Nov 17, 2022 16:16

微信截图_20221117105749.png


According to Alesia Haas, chief financial officer of Coinbase Global Inc., the true impact of Sam Bankman-failure Fried's FTX's on the cryptocurrency sector has yet to be revealed.


In an interview with the WSJ, Haas said, "What we are witnessing now is a fallout of FTX that is becoming much more like the 2008 financial catastrophe because it is revealing weak credit practices and is exposing poor risk management."


The complete impact of the incident won't be clear for a few days or weeks, Haas stressed.


In the highest-profile crypto meltdown to date, FTX filed for bankruptcy protection in the US on Friday after traders withdrew billions from the platform in just three days and rival exchange Binance abandoned a rescue plan.


After FTX warned of a "serious liquidity issue," the drop has increased concerns about the viability of the cryptocurrency industry. Since that time, authorities have started looking into the business, and lawmakers have demanded more precise regulations.


According to Haas, there will be a push for regulation both domestically and internationally.


Coinbase recently suffered a second round of staff cuts this year, which many feel would allow them to gain market share as a result of FTX's demise.


As investors sell riskier assets due to rising interest rates and concerns about an economic slowdown, cryptocurrencies are under pressure. Approximately 81% of Coinbase's shares have fallen this year.


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