The US Treasury sanctioned BitBank, a Tehran-based cryptocurrency exchange, for transferring hundreds of millions of dollars in bitcoin to Iran's Islamic Revolutionary Guard Corps and processing payments from ships paying tolls for safe passage through the Strait of Hormuz. BitBank, established in 2024, also worked with the Hormuz Safe Marine Services Authority, which charges tankers $1-2 million for passage. These sanctions freeze BitBank's assets under US jurisdiction and threaten foreign entities dealing with it with exclusion from the US financial system. This move highlights US efforts to block Iran's regime financing via cryptocurrencies.
The news about Iran's Strait of Hormuz toll booth settling payments in bitcoin provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Sep 18, 2026 13:31 WIB: out of 50 priced major cryptocurrencies, 45 rose and 4 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, COTI up 33.54% at Rp419 with Pluang order activity showing 53% Sell and 47% Buy, and UNI (Uniswap) up 25.23% at Rp149,763 with 37% Sell and 63% Buy activity and a typical hold time of 65 days.
Pacira BioSciences was downgraded from Buy to Hold by Needham following Viatris's announcement to acquire the company for $36.50 per share, valuing it at about $1.65 billion. The deal is expected to close by late 2026 and will enhance Viatris's portf...
Cohen & Steers announced that its assets under management (AUM) fell to $95.9 billion as of September 30, 2026, down $5.1 billion from $101.0 billion at the end of August 2026. The decline was primarily due to a $5.1 billion market depreciation and $...
Bitcoin surged back above $81,000 following U.S. President Donald Trump's statement ruling out military attacks on Iran before the November 3 midterm elections. Trump described ongoing talks with Iran as productive but maintained the U.S. blockade, k...
Enova International, a financial services company specializing in machine learning-driven lending, announced it will release its third quarter 2026 financial results after market close on October 22, 2026. The company will hold a conference call the ...
The 10-year US Treasury yield has rapidly climbed past 5% and could approach 6%, driven by rising real yields and market repricing of the economy's long-term neutral rate. Forward rates and a historically flat yield curve indicate further increases a...
