Crypto's Dirty Pipeline, Harvard's Bitcoin Bet, Global Surveillance Powers for the IRS, and the 2-Nanometer Mining Arms Race | November 18, 2025
Description
New reports indicate that despite promises of compliance, top global crypto exchanges are still processing massive volumes of illicit funds linked to scams and sanctions (1:28 ). Harvard's endowment has quietly become a heavyweight holder in BlackRock's iShares Bitcoin Trust (4:09 ).
CARF, the new global crypto-asset reporting standard, is now under review at the White House (5:51 ). Samsung Foundry is challenging TSMC's dominance by securing deals with two of the world's largest mining rig manufacturers (7:24 ).
More on stories and articles discussed or referenced in this episode:
Garreffa, Anthony. "Chinese Crypto-Mining Manufacturers Order Next-Gen 2nm GAA chips from Samsung Foundry." TweakTown, 17 November 2025, https://www.tweaktown.com/news/108919/chinese-crypto-mining-manufacturers-order-next-gen-2nm-gaa-chips-from-samsung-foundry/index.html.
Gillers, Heather. "Harvard Has Almost Half a Billion Dollars in Crypto." The Wall Street Journal, 17 November 2025, https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-11-17-2025/card/harvard-has-almost-half-a-billion-dollars-in-crypto-3LY7baRZFleixSCSO7Kt.
Parashar, Arjun. "White House Reviews Urgent IRS Plan." The Street, 17 November 2025, https://www.thestreet.com/crypto/policy/white-house-reviews-irs-urgent-plan-to-tax-foreign-crypto-accounts.
Woodman, Spencer. "From Dubai to Toronto, Inside the Crypto-to-Cash Storefronts Fueling Money Laundering's New Frontier." The International Consortium of Investigative Journalists, 17 November 2025, https://www.icij.org/investigations/coin-laundry/crypto-cash-desk-currency-exchange-money-laundering/.
Wynn, Sarah. "White House Moves Closer to Allowing IRS to Surveil International Crypto Transactions." The Block, 17 November 2025, https://www.theblock.co/post/379131/white-house-moves-closer-to-allowing-irs-to-surveil-international-crypto-transactions.
Yaffe-Bellany, David et al. "The Crypto Industry's $28 Billion in 'Dirty Money.'" The New York Times, 17 November 2025, https://www.nytimes.com/2025/11/17/technology/crypto-exchanges-dirty-money.html.
Zimmerman, Micah. "Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding." Bitcoin Magazine, 17 November 2025, https://bitcoinmagazine.com/business/harvard-triples-bitcoin-etf-stake.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
United States
