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On September 14th, U.S. Energy Secretary Chris Wright warned oil traders not to expect a quick breakthrough on the Strait of Hormuz issue. Iran is planning to propose a shipping agreement to other Gulf states. In an interview on Sunday, Wright stated, "Expecting to reach a consensus agreement with Iran today is clearly not a good option." He said the market still needs to rely on alternative shipping routes. He estimated that these alternative routes can currently still supply about 10 million barrels of crude oil and petroleum products per day. Wright said, "Therefore, the current global oil market supply is indeed tighter than we would like, but not excessively so." Wright also said that Irans nuclear program will end "in some way," adding, "We prefer a negotiated solution. If negotiations fail, they can continue with a secret, hidden, covered-up, and denied nuclear weapons program, but after that, Iran will face the U.S. military, and the U.S. military will ensure they cannot develop nuclear weapons."U.S. Energy Secretary Wright stated that the U.S. will terminate Irans nuclear program "no matter what"; the U.S. expressed concern over the suspension of inspections of Irans nuclear program. Hoping to reach a Hormuz-related agreement with Iran is not a prudent option.Musk confirmed that Tesla will livestream the launch event for its Roadster electric sports car.According to the Iranian news agency IRNA: The Israeli military continues its airstrikes in southern Lebanon, bombing several towns and areas in Nabatieh.On September 14th, Business Insider, citing a source familiar with the matter, reported that Anthropic has chosen Nasdaq as the listing venue for its potential IPO. Another source indicated that the company, planning to list in October, has chosen Nasdaq, meaning the exchange has won another significant competition. Earlier this year, Nasdaq successfully secured a listing for SpaceX, which is valued at $1.75 trillion. Some estimates suggest Anthropic could be valued at $2 trillion, although this figure is not yet finalized. Previously, OpenAI CEO Sam Altman stated that OpenAI would not be going public at this time due to the controversy surrounding the potential existential threat of AI to humanity.

Crypto Exchange Binance.US Valued at $4.5 Billion in First External Funding Round

Cory Russell

Apr 07, 2022 10:23


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Binance.US, a cryptocurrency exchange, said on Wednesday that it has secured more than $200 million in a seed fundraising round, valued at $4.5 billion pre-money.


BAM Trading Services, the U.S. partner of Binance, the world's largest crypto exchange by trading volume, launched the firm in 2019. Although there is a license agreement between Binance.US and Binance, the two companies are independent legal organizations.


RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures were among the investors in Binance.first US's external investment round, according to the company.


The cash will be used to invest in its spot trading platform as well as the development of new goods and services, according to the company.


Following Russia's invasion of Ukraine last month, Binance rejected demands for a blanket ban on all Russian users.


The Ukrainian government was irritated by its choice last month to remain in Russia, which was a departure from major financial corporations such as PayPal Holdings Ltd and Visa Inc.


Binance has also been attempting to strengthen ties with the UAE, which is attempting to position itself as the world's new digital asset powerhouse.


Regulators across the world continue to lash out at the crypto business, fearful that a crisis in crypto assets, which are perceived as extremely volatile and opaque, could spill over into the broader financial sector, prompting a worldwide drive for additional regulation.

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