A letter from US Senator Richard Blumenthal said he was concerned about “mounting allegations of dangerously lax anti-money laundering prevention by Binance.” Connecticut Senator Richard Blumenthal questioned US authorities responsible for overseeing Binance about whether the company is complying with anti-money laundering laws and sanctions under its 2023 court-imposed monitoring program. According to a report published by Fortune on Friday, Blumenthal sent letters to the Justice Department and the US Treasury’s Financial Crimes Enforcement Network (FinCEN), asking for details on Binance’s compliance. Binance and its former CEO Changpeng “CZ” Zhao reached a deal in 2023, in which the exchange would pay $4.3 billion to settle civil regulatory enforcement actions, and CZ would plead guilty to one felony charge. Read more
Bitcoin surged above $77,000 as oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open for the remainder of the ceasefire between the US, Israel and Iran. Update (4.17.26 6:43 PM UTC): This article has been updated to reflect updated BTC prices and rally data. Iran’s foreign minister said Friday that the Strait of Hormuz is open to commercial vessel traffic for the remainder of the current ceasefire, prompting quick market reactions. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,” said Iranian Foreign Minister Seyed Abbas Araghchi in a Friday X post. Read more
PRIME Minister Shehbaz Sharif and Qatar’s Emir Sheikh Tamim shake hands in Doha; and (right) Field Marshal Asim Munir meets Iranian Parliament Speaker Mohammad Bagher Ghalibaf in Tehran.—Reuters/AFP • Claims Iran has accepted ‘almost everything’ in talks • Nuclear issue remains key sticking point; US presses for complete dismantlement • Pakistan-led diplomacy, CDF’s Tehran visit gain global attention • FO says Pakistan maintaining ‘open channels’ with both sides • Massive security deployment planned in Islamabad, Rawalpindi WASHINGTON: US President Donald Trump said on Thursday he may travel to Islamabad if a final agreement with Iran is signed there, while claiming that Tehran has accepted “almost everything” currently under negotiation. Speaking to reporters on the White House lawn before departing for Nevada and Arizona, Trump expressed optimism about Pakistan-led diplomatic efforts to end hostilities and secure a settlement before the current ceasefire expires. “If a deal is signed in Islamabad, I may go,...