HTX quietly rotates wallets after UK sanctions to outpace screening
HTX rotates wallets after UK sanctions as Bitcoin holds near $66K, while the SEC flags crypto vault risks and OpenAI lifts compute spending.
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Crypto regulation is tightening on multiple fronts this week.
The SEC is eyeing DeFi lending products. The UK is chasing sanctioned exchanges.
Meanwhile, Kraken's parent is tokenizing global stocks at speed.
The theme is clear: the rules of engagement are being rewritten in real time.
HTX keeps rotating wallets to dodge UK sanctions screening, TRM Labs says
HTX has been swapping wallet addresses multiple times per day since the UK sanctioned it in May.
TRM Labs calls the strategy a "continuous moving target" that renders static screening lists useless.
The UK linked HTX's parent to $1.5B in financial flows tied to Russian evasion networks.
If exchanges can outrun sanctions tools this easily, enforcement has a serious credibility problem.
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Markets
Trump’s Iran escalation pressures markets as oil surges
Trump threatened to destroy Iranian infrastructure for every attack on ships in the Strait of Hormuz.
Oil climbed near $87 as gold pushed toward $4,100. Risk assets weren't as lucky.
The Nasdaq slipped half a percent, dragging AI stocks lower with it.
BTC traded near $66K, ETH held near $1,944, SOL traded around $79, and XRP sat at $1.15.
SEC's Peirce warns crypto vaults and onchain lending may still be securities
"Crypto Mom" Hester Peirce says DeFi lending products aren't automatically exempt from securities laws.
Recent SEC guidance clarified many crypto activities, but vaults and yield strategies remain a gray zone.
Builders hoping the current SEC would give DeFi a free pass may want to read the fine print.
Kraken parent partners with GTN to tokenize Hong Kong stocks via xStocks platform
Payward is bringing tokenized Hong Kong equities onchain through investment infrastructure provider GTN.
The xStocks platform already offers US stocks. It plans to expand to the UK, Europe, and South Korea.
Tokenized equities across 110 countries would make Kraken's parent a serious bridge between TradFi and crypto.
OpenAI bumps cloud spending forecast to $750B through 2030
OpenAI raised its projected compute spend by $150B, locking up new cloud capacity for future AI models.
Project Camellia is a $20B self-designed data center in Georgia. It secured 3.2 gigawatts from Georgia Power.
That power draw rivals a small city, and it's just one facility in OpenAI's expanding footprint.
On Our Radar
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Meme of the Day
That’s your briefing. Catch you next time.
Estéfano
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