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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 $80,000, currently priced at $80,071.38, with a 24-hour increase of 2.32%. The market is experiencing significant volatility, so please ensure proper risk management.
Market data shows that BTC has surpassed $79,000, currently priced at $79,010.22, with a 24-hour increase of 0.98%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 4, local time on May 3, Iranian Foreign Ministry spokesman Baghaei stated that the U.S. has responded to Iran's '14-point proposal' through Pakistan, and Iran is currently reviewing this response. Baghaei pointed out that Iran proposed to reach an understanding on a complete cessation of hostilities within 30 days and to agree on its implementation, focusing on ending conflicts on all fronts, including Lebanon. Baghaei also mentioned that 'at this stage, there are no nuclear negotiations between the U.S. and Iran.' (Dongxin News Agency)
According to The Information, SpaceX is set to launch a large-scale initial public offering (IPO), prompting major funds on Wall Street to take action. Reports indicate that about a week ago, a private jet emblazoned with the SpaceX logo carried nearly 200 investors from large Wall Street funds to Texas for a multi-day roadshow hosted by SpaceX executives. Due to overwhelming subscription demand, there were even instances where the aircraft could not accommodate all interested investors. As the IPO of this company, which comprises Musk's rocket and AI businesses, approaches, Wall Street may be discussing which tech stocks to sell in order to free up funds for subscribing to SpaceX shares, which is expected to trigger a sell-off of billions in tech stocks.
Market data shows that ETH has fallen below $2300, currently priced at $2299.76, with a 24-hour increase of 0.11%. The market is experiencing significant volatility, so please ensure proper risk management.
On May 3, during an interview at an airport in Florida on the evening of May 2, U.S. President Trump stated that there is a possibility of the U.S. resuming airstrikes on Iran. Trump posted on social media that he would soon review Iran's latest proposal, but he 'cannot imagine' that the proposal 'would be acceptable,' threatening that Iran 'has not yet paid a sufficiently high price.' Earlier that day, before boarding Air Force One, Trump indicated that he would provide further details on Iran's latest proposal. Previously, reports indicated that Iran had submitted a proposal containing 14 points through Pakistan in response to the 9 proposals put forth by the U.S.
On May 2, it was reported that in the first quarter under CEO Greg Abel, Berkshire Hathaway's cash reserves soared to an all-time high of $397 billion. Although the company's cash reserves slightly decreased at the end of last year, they saw a significant increase in the first quarter, as the company net sold $8.1 billion in stocks during this period. (Jin Shi)
On May 2, Berkshire Hathaway A (BRK.A.N) reported Q1 2026 revenue of $93.675 billion, up from $89.725 billion in the same period last year, exceeding market expectations of $89.274 billion. The net profit was $10.106 billion, compared to $4.603 billion in the same period last year, while market expectations were $11.762 billion. (Jin Shi)
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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