Iran has declared that the Strait of Hormuz remains closed as the U.S.-Iran war approaches the one-month mark. This latest development follows Trump’s decision to delay strikes on Iran’s energy infrastructure on the claim that Iran had made this request with ongoing peace talks.
Binance, one of the world’s largest crypto exchanges, is facing yet another legal setback. The platform faces a $10 million fine from the Australian Federal Court after experiencing legal difficulties in the United States.
The court decision followed Binance’s admission that it had mistakenly identified most of its customers, who then used high-risk derivatives meant for professional traders.
Veteran trader Peter Brandt has highlighted a sell signal for BTC that could spark a Bitcoin crash to $60,000. This comes as the leading crypto faces renewed downside pressure amid uncertainty over peace talks between the U.S. and Iran.
In an X post, the veteran trader stated that Bitcoin was setting up for a rising wedge sell signal. His accompanying chart highlighted $60,000 as one of the levels that the leading crypto could drop to on this leg down. The last time BTC dropped to this level was on February 6 and has since staged a recovery to as high as $76,000 despite the Iran war.
LEARN MORE →
SpaceX IPO plans have made a different move as Elon Musk considers assigning a bigger share of the offering to retail investors. Reports indicate that up to 30% of the IPO could be assigned for individual participants. This move would be a shift from the traditional format, where retail investors receive between 5% and 10%.
According to a Reuters report, Elon Musk and the SpaceX team are exploring a structure that gives retail investors an unusually large share of the company. The proposed allocation could reach 30%, far above standard IPO practices. This change comes as SpaceX moves closer to filing its IPO prospectus. The company could submit confidential filings to the U.S. SEC within days.
LEARN MORE →
