Largest crypto exchange under regulatory pressure and US sanctions
The Commerce Department has moved toward easing export controls for the United Arab Emirates, designating it as a privileged trading partner and enabling greater access to AI chips and related technology from Nvidia, Microsoft and OpenAI. The change centers on Gulf ties to U.S. tech and security interests.
The US has called off a planned attack on Iran after allies and Iran recommended delaying further action to pursue negotiations. Talks are set to begin tomorrow with a focus on Hormuz and denuclearisation, while polls show waning support for continued conflict.
Major traders have cut ties with Binance amid concerns over potentially invalid invoices. Emirati authorities have detained Binance employees as part of a fraud inquiry, while Binance says staff were swept up in routine fund-flow inquiries and were not targets.