The baht devalued swiftly and lost more than half of its value. The baht reached its lowest point of 56 units to the U.S. dollar in January 1998. The Thai stock market dropped 75%. Finance One, the largest Thai finance company until then, collapsed.
On January 12, 1998, Linda Tripp, who had been working with Jones' lawyers, informed Starr that Lewinsky was preparing to commit perjury in the Jones case and had asked Tripp to do the same. She also said Clinton's friend Vernon Jordan was assisting Lewinsky. Based on the connection to Jordan, who was under scrutiny in the Whitewater probe, Starr obtained approval from Reno to expand his investigation into whether Lewinsky and others were breaking the law.
On January 19, 1998, at Royal Rumble, The Rock defeated Shamrock by disqualification to retain the Intercontinental title. Later that night, he entered the Royal Rumble match and lasted until the final two before he was eliminated by Stone Cold Steve Austin.
Kaczynski avoided the death penalty by pleading guilty to all charges on January 22, 1998, and accepting life imprisonment without the possibility of parole. He later tried to withdraw this plea, arguing it was involuntary as he had been coerced to plead guilty by the judge.
The Rock and The Nation then feuded with Triple H and D-Generation X, with the two stable leaders first meeting in the quarter-final of the 1998 King of the Ring tournament, which The Rock won. At King of the Ring, The Rock defeated Dan Severn in the semi-final match and lost to rival Ken Shamrock in the final.
In February 1998, Osama bin Laden and Ayman al-Zawahiri co-signed a fatwa in the name of the World Islamic Front for Jihad Against Jews and Crusaders, which declared the killing of North Americans and their allies an "individual duty for every Muslim" to "liberate the al-Aqsa Mosque (in Jerusalem) and the holy mosque (in Mecca) from their grip".