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🔥Iran-linked disruptions are reportedly pushing key industrial resin ingredients up more than 40% since March, continuing to pressure #CCL# prices — a critical material for #AI# #GPU# and ASIC #PCBs#.💡More: 🔗
Coinbase experienced service disruptions due to increased temperatures in the affected Availability Zone (use1-az4) in the AWS US-EAST-1 Region.
We will begin the process to re-enable trading on our markets shortly. All markets would be placed in “Cancel Only” mode before we move to re-enable trading.
On May 7th Coinbase experienced service disruptions. Here’s a quick summary of what happened:
→ Around 8PM ET, Coinbase systems flagged high error rates across multiple services.
→ We traced these errors to amazon failures in Availability Zone (use1-az4) in the AWS US-EAST-1 Region.
→ Coinbase systems are designed to be resilient to a single zone outage, and are designed to recover quickly if this happens.
→ In this case, we observed failures impacting multiple AWS zones, which caused an extended outage of core trading services.
→ Coinbase users experienced an extended outage while the AWS team worked to restore temperature controls and other Amazon Managed Services.
This primary issue is now fully resolved - thank you for your patience. If you have any outstanding questions about your account, please reach out to Coinbase Support, we’re ready to help.
Our team will conduct a full analysis. Details may change as our investigation progresses and more information is received from AWS’s official retrospective, once published.
HAPAG-LLOYD HIT WITH $60M WEEKLY COSTS FROM HORMUZ DISRUPTION
Shipping giant Hapag-Lloyd says the Strait of Hormuz disruption is costing the company up to $60 million per week.
CEO Rolf Habben Jansen said higher fuel costs and rerouting cargo by truck and rail are driving the increase, adding that freight rates will likely rise to offset expenses.
The company also reported a quarterly loss of €219 million and said four of its vessels remain stranded in the Persian Gulf amid ongoing regional tensions.