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Cointime News Wrapup-Afternoon Version: Binance Once Planned to Evade US Scrutiny, New Texts and Documents Confirm
To smooth and facilitate the reading experience for all users, we hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Market data shows that BTC has surpassed $64,000, currently priced at $64,093.99, with a 24-hour increase of 1.24%. The market is experiencing significant volatility, so please ensure proper risk management.
On June 20, the Islamic Revolutionary Guard Corps Navy of Iran stated that, in light of Israel's actions in Lebanon and the United States' failure to fulfill its commitments regarding the ceasefire, the Strait of Hormuz is now closed to all vessels. The Revolutionary Guard reiterated that the Strait of Hormuz is closed and urged all types of ships not to approach the strait, as their safety cannot be guaranteed.
On June 20, the Iranian Islamic Revolutionary Guard Corps Navy stated that due to Israel's actions in Lebanon and the United States' failure to fulfill its commitments regarding a ceasefire, the Strait of Hormuz is now closed to all vessels. The Revolutionary Guard reiterated that the Strait of Hormuz is closed and urged all types of ships not to approach the strait, or their safety cannot be guaranteed. (CCTV News)
On June 20, a senior US official stated that the US military has not observed any military movements indicating that Iran has closed the Strait of Hormuz.
On June 20, Iranian Foreign Ministry spokesman Baghaei stated that the first clause of the memorandum of understanding, which calls for "ending all wars on all fronts, including Lebanon," is the core pillar of mutual commitment between the parties. While Iran has fulfilled its commitments, the other party should have compelled Israel to cease its military actions in Lebanon; their failure to do so constitutes a clear violation of the agreement. Baghaei noted that although some measures have been taken to lift the maritime blockade and reopen the Strait of Hormuz, the memorandum is essentially a "comprehensive package agreement." Violating the first clause raises questions about the entire agreement, and if the other party does not take necessary actions immediately, the entire memorandum will face serious issues. (CCTV News)
On June 20, Iranian Foreign Ministry spokesman Baghaei stated that the first clause of the memorandum of understanding, which is to "end all wars on all fronts, including Lebanon," is a core pillar of mutual commitment. While Iran is fulfilling its commitments, the other party should have compelled Israel to cease its military actions in Lebanon; however, their negligence on this issue constitutes a clear violation of the agreement. Baghaei noted that although some measures have been taken to lift the maritime blockade and reopen the Strait of Hormuz, the memorandum is essentially a "comprehensive package agreement." Violating the first clause calls into question the entire agreement, and if the other party does not take necessary measures immediately, the entire memorandum will face serious issues. (CCTV News)
On June 20, the Central Headquarters of the Iranian Armed Forces, Khatam al-Anbiya, announced that the Strait of Hormuz will be closed to all maritime traffic.
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced that it has received In-Principle Approval (IPA) from the Securities & Commodities Authority (SCA) of the United Arab Emirates (UAE) to operate as a Virtual Asset Platform Operator in the UAE. The approval, dated February 18, 2025, signifies a significant milestone in Bybit's efforts to provide a secure and compliant platform for crypto traders in the region. Bybit is now in the final stages of obtaining its fully operational license, demonstrating its commitment to meeting regulatory and compliance standards. This authorization brings Bybit closer to offering a wide range of digital asset services to retail and institutional clients in the UAE, aligning with its goal of fostering a compliant and innovative digital asset ecosystem. Bybit's progress in the UAE complements its existing regulatory approvals in the Middle East and reflects its dedication to compliance in key financial hubs worldwide.
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