An Official Says Iran is Collecting Toll on the Strait

April 11, Changpeng Zhao (CZ) addressed reports about “Binance’s Temporary Relocation Offer for UAE Employees,” saying: “The coverage of Binance’s ‘employee relocation plan’ is misleading—it’s another attempt to paint the UAE in an unfair negative light, which isn’t true. This isn’t new: Binance has long offered flexible work locations for employees, with reasonable relocation support provided case-by-case (as I’ve noted before). Personally, I still believe the UAE is among the safest countries in the world—safer even than many top tourist spots.” Earlier, CoinDesk reported that amid rising tensions in the Middle East, Binance offered temporary relocation options to its UAE-based employees for Hong Kong, Tokyo, Kuala Lumpur, and Bangkok. A Binance spokesperson said: “Amid recent regional tensions, we’re offering temporary relocation options as a proactive, employee-first step to give flexibility and support during uncertain times.” The spokesperson added that most employees ha

April 11 — Compass Point analysts downgraded Circle (CRCL) from “Neutral” to “Sell” in a Thursday report cited by Barrons, trimming the target price slightly from $79 to $77. The report notes that while supply of Circle’s flagship stablecoin USDC has held steady in recent months, growth is concentrated in low-margin areas. Since early February, nearly 80% of USDC supply growth has come from platforms including Sky, Binance, and Ethena. These partners have distribution agreements with Circle but take a cut of USDC reserve interest income, squeezing the firm’s earnings. By contrast, Circle’s higher-margin holdings are “off-chain” USDC not circulating on these platforms. Investors may face downside from Circle’s Q1 earnings report, expected late May or early June. Analyst Ed Engel said, “CRCL’s first-quarter performance may fall short of the market’s gradually rising expectations.” Compass Point forecasts Q1 EBITDA will drop 19% quarter-over-quarter (QoQ) and has cut its 2027 fis

On April 10, per LookOnChain monitoring, the U.S. government has deposited 2.44 BTC (roughly $177,000) — funds frozen from Glenn Olivio — into Coinbase Prime.

On April 10, per Onchain Lens monitoring, BlackRock withdrew 2,700 Bitcoin (valued at $196.87 million) and 30,000 Ethereum (valued at $67.42 million) from Coinbase.

April 10 — Fox News reported that White House officials said former President Trump is optimistic about striking an agreement with Iran. (Golden Ten) ### Notes on American English adaptation: 1. **Date formatting**: Used a dash (`—`) to separate the date from the lead (standard for U.S. news briefs). 2. **Active voice**: Replaced "according to Fox News" with "Fox News reported" (more concise, aligns with U.S. media style). 3. **Clarity**: Added "former President" (accurate for Trump’s current status, natural in U.S. context). 4. **Vocabulary**: Swapped "reaching an agreement" for "striking an agreement" (more common in U.S. news for diplomatic deals). 5. **Tense consistency**: Retained past tense for "reported/said" (matches the original’s past context) while using present tense for Trump’s ongoing optimism (standard in news for current stances).

On April 10, per the New York Post: Trump is prepared to use military force if peace talks with Iran collapse. (Golden Ten)