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July 12 – On the morning of July 12, the State Flood Control and Drought Relief Headquarters Office and the Ministry of Emergency Management continued to organize a joint consultation with the China Meteorological Administration, the Ministry of Water Resources, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, the Ministry of Industry and Information Technology, and the Ministry of Transport to assess the development trend of Typhoon Bavi and heavy rainfall, and to deploy flood and typhoon prevention work in key areas. The State Flood Control and Drought Relief Headquarters activated a Level IV emergency response for flood control in Shandong on July 12, and adjusted the emergency responses for flood and typhoon prevention in Zhejiang, Fujian, Beijing, Tianjin, and Guangxi as needed. Three additional working groups were dispatched to Hebei, Liaoning, and Jilin to assist and guide local flood control efforts.Ukraine says it sank 14 Russian ships on Sunday.Kuwaiti Foreign Ministry: Strongly condemns the heinous attack on Kuwait by Iran this morning.July 12th - According to Beijing Emergency Management Bureau, the Beijing Flood Control Office announced that the Level I flood control emergency response for Daxing, Tongzhou, Shunyi, and Pinggu districts was lifted at 2 PM on July 12th. The entire city has lifted its flood control emergency response. At 8:30 AM today, the Level I flood control emergency response for Fangshan, Miyun, Huairou, Mentougou, and Fengtai districts was lifted, while the Level II flood control emergency response for Dongcheng, Xicheng, Chaoyang, Haidian, Shijingshan, Changping, and Yanqing districts was lifted.The Ukrainian military says it hit an oil refinery in Russia’s Samara region.

What You Should Know About GameStop's Collaboration With FTX

Aria Thomas

Sep 08, 2022 11:16

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GameStop Corporation (NYSE:GME) has partnered with FTX, a cryptocurrency exchange, in an effort to draw more customers to the digital asset market.


What Happened: On Wednesday, GameStop and FTX announced their partnership in a press release. The transaction's terms were not made public.


The partnership intends to introduce more GameStop customers to FTX's digital asset community and marketplaces, according to a statement from GameStop.


Sam Bankman-Fried founded FTX, a digital currency exchange that supports trading in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and a number of other cryptocurrencies.


Additionally, GameStop and FTX will collaborate on new e-commerce and internet marketing initiatives. At addition, GameStop will stock FTX gift cards in certain locations and become FTX's leading retail partner in the United States.


Launched in July, GameStop's L2 NFT marketplace has had a rapid increase in trading volume among decentralized non-fungible token exchanges. According to data published by CoinDesk, GameStop's NFT marketplace exceeded Coinbase Global Inc.'s (NASDAQ: COIN) all-time NFT trade volume in its first week of operation.


After-hours trading for GameStop shares climbed by 13% following the release of second-quarter results. Although the business's second-quarter revenue of $1.136 billion fell short of Wall Street's forecast of $1.27 billion, the company emphasized the $233.2 million in sales from its booming collectibles sector, which had climbed from $177.2 million in the same period of the prior year.

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