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U.S. Geological Survey: A 5.3-magnitude earthquake struck the Lat Islands in the Aleutian Islands of Alaska.May 9th - Data released by Japans Ministry of Finance on May 8th shows that as of the end of March 2026, Japans total government debt, including government bonds, loans, and short-term government securities, reached 1,343.84 trillion yen (approximately 156.7 yen to 1 US dollar), an increase of 20.13 trillion yen from the end of the previous fiscal year, marking a record high for the 10th consecutive year. The data shows that Japans total government debt is 1,207.22 trillion yen, of which ordinary government bonds, which mainly rely on tax revenue for principal and interest payments, increased by 24.56 trillion yen to reach 1,104.30 trillion yen, representing the main source of Japans debt growth.According to multiple sources, relevant departments will convene a symposium on May 11 with several pig farming companies, associations, and experts to exchange views on the current situation of domestic pig production, pork circulation and consumption, import and export, and analyze the changing patterns of my countrys pig cycle, the risks and challenges it faces, and its future evolution.On May 9th, the Hebei Securities Regulatory Bureau emphasized its requirements regarding securities transaction commission standards. The notice stipulates a minimum commission rate, specifying that A-share, B-share, and mutual fund transaction commissions will be subject to a maximum ceiling with downward fluctuations. Malicious low-price competition is strictly prohibited, and commissions must not be lower than the combined costs of collected securities transaction regulatory fees and securities exchange handling fees, ensuring the healthy and orderly development of the industry. Furthermore, the notice strictly prohibits the use of unfair means such as cash rebates, gifts, or providing non-securities services to attract customers.On May 9, Ibrahim Manzo Diallo, president of the Niger National Communications Observatory, announced on May 8 that the country would suspend the broadcasting of approximately 10 French media outlets, citing their repeated dissemination of content that "may seriously endanger public order, national unity, social cohesion, and the stability of the republics institutions."

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

Skylar Shaw

Nov 17, 2022 16:16

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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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