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August 1st - According to the Washington Post, multiple officials stated that Admiral Alexus Grynkewich, Commander of U.S. European Command, privately warned the Pentagon this week of a lack of sufficient naval power to continue protecting Israel from ballistic missile attacks, highlighting the resource pressures on the U.S. military from the ongoing conflict with Iran. The commander stated that if he could not acquire another destroyer, he would be forced to choose between defending the U.S. "homeland" and defending Israel. A U.S. defense official stated that Grynkewichs warning was consistent with previous briefings from senior U.S. military officers to the Pentagon when they perceived risks requiring U.S.-level consideration. The official said such situations can occur when theater commanders compete for limited resources and weapons.Ukrainian President Zelensky: The Ukrainian military attacked a sanctioned Russian container ship named YANINA, which has a deadweight tonnage of over 100,000 tons.According to Interfax news agency, Russian troops have also taken control of the village of Lyubitsk in the Zaporizhzhia region of Ukraine.According to Interfax news agency, Russian troops have taken control of the village of Olgievka in the Kharkiv region of Ukraine.August 1st - According to US sources on July 31st, during his recent visit to the US, Ukrainian President Volodymyr Zelenskyy requested that US President Donald Trump and other US officials persuade SpaceX founder Elon Musk to allow the Ukrainian military to use SpaceXs Starlink satellite internet system to strike ballistic missile launchers within Russia. Currently, Russia has begun deploying a low-orbit satellite system similar to Starlink. On July 31st, multiple sources indicated that Zelenskyy held a closed-door meeting with Trump at the White House on July 28th, making the aforementioned request in person. According to Zelenskyy, Ukraine needs to conduct "more precise strikes" against Russian ballistic missile launchers before winter to prevent Russia from launching a winter offensive and intensifying its attacks on Ukrainian energy facilities.

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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