Mining Firm TeraWulf Completes Approximately $1.036 Billion Stock Offering for Data Center Construction and Debt Repayment

On April 17, data from HTX shows Bitcoin rebounded, pushing past $77,000 with a 24-hour gain of 3.82%.

April 17 – A shipping industry analyst told the Wall Street Journal (WSJ) that Iran’s foreign minister announced Friday the Strait of Hormuz is “fully open” to vessels using Iran’s designated route—but the shipping sector still isn’t reassured maritime activity through the strait can resume. Lloyd’s List editor-in-chief Richard Meade said: “For shipping, this sounds promising, but right now it doesn’t give anyone clear enough information to make immediate decisions.” Iran’s foreign minister did not explicitly specify whether the country still intends to charge tolls for passing ships.

As of April 17th, Fed Funds Futures imply the market is now pricing in roughly a 60% chance of a Fed rate cut by December. (FXStreet)

On April 17, U.S. President Donald Trump tweeted that the Strait of Hormuz is now open for unrestricted commercial activity, but the maritime blockade against Iran will remain fully in effect until the U.S.-Iran deal is fully completed.

On April 17, per Reuters, U.S. officials said the U.S. military’s blockade of Iran remains in place.

On April 17, Iranian Foreign Minister Abbas Araqchi announced the Strait of Hormuz was "fully open"—sparking immediate market expectations of recovering oil supplies and sending international oil prices sharply lower. Market data shows U.S. benchmark WTI crude plummeted more than 9% to roughly $84 a barrel intraday, while Brent crude fell below $90, dropping over 8% and erasing nearly all its weekly gains. European natural gas prices also declined simultaneously. Former President Donald Trump later confirmed the news in a tweet, stating Iran is ready to resume full passage through the strait. Markets also got a boost from potential progress on a deal: Earlier reports indicated the U.S. is considering unfreezing around $20 billion in Iranian assets in exchange for nuclear-related concessions, with both sides possibly restarting negotiations this weekend. During the recent conflict, the strait’s closure disrupted roughly 20% of global oil shipments, triggering drastic oil price