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According to Reuters, sources familiar with the matter said that Apple (AAPL.O) is expected to launch Apple Pay in India next month in partnership with Indias Axis Bank.Iranian Revolutionary Guard: Warriors willing to sacrifice themselves for Iran are the enemys nightmare.Market news: French President Macron convened party leaders to discuss the Strait of Hormuz and oil prices.According to data from the General Administration of Customs, China exported 136,000 tons of unwrought copper and copper products in August 2026, a year-on-year increase of 20.9%; imports totaled 380,000 tons, a year-on-year decrease of 10.2%. From January to August, cumulative exports reached 1.14 million tons, a year-on-year increase of 9%; cumulative imports totaled 3.3 million tons, a year-on-year decrease of 6.7%. During the same period, imports of copper ore and its concentrates reached 2.51 million tons, a year-on-year decrease of 9.5%; cumulative imports from January to August totaled 19.49 million tons, a year-on-year decrease of 2.8%.According to the latest data from the General Administration of Customs, in August 2026, China exported 640,000 tons of coal and lignite, a year-on-year increase of 21.5%; cumulative exports from January to August totaled 4.17 million tons, a year-on-year decrease of 10.1%. In August, China imported 42.09 million tons of coal and lignite, a year-on-year decrease of 1.5%; cumulative imports from January to August totaled 310.19 million tons, a year-on-year increase of 3.4%.

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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