Top Stories
💥 Biden to cut China off from more Nvidia chips, expand curbs to more countries. The rules restrict a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklist Chinese chip designers Moore Thread and Biren. Reuters
💥 Tether freezes 32 crypto wallets holding $870K linked to terrorism and warfare in Israel, Ukraine. Tether’s newly named CEO, Paolo Ardoino, said, “Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets. CNBC
💥 Appeasing Iran Has Failed. Obama and Biden’s effort at détente with Tehran destabilized the entire region and emboldened Hamas. WSJ
💥 SOCAR And Lukoil Seal Unique Oil Deal Despite Western Sanctions. The unusual agreement is structured to overcome the problems SOCAR was facing in purchasing Russian crude oil for its STAR refinery due to the sanctions. Oil Price
💥 Italy arrests 58 suspected of drug trafficking via Chinese money brokers. Italian authorities highlighted the growing role played by money brokers to conceal cross-border payments by drug cartels. Reuters
💥 China tightens curbs on foreign travel by bankers, state workers. China in recent months has encouraged citizens to participate in anti-espionage activity, and introduced new laws that broadened the definition of spying. Reuters
💥 Hamas’ social media following has skyrocketed since its attack. Hamas is a designated foreign terror organization in the United States, and new internet laws in the European Union mean large social media platforms can face penalties for hosting terroristic content. CNN
💥 US Treasury inks cybersecurity agreement with United Arab Emirates. The memorandum of understanding signed by the Treasury Department and the UAE’s Cyber Security Council calls for increased information sharing about digital threats to the financial sector. Record
💥 SBF was raised in a fraud cluster. Sam Bankman-Fried is the kind of fraud that Silicon Valley specializes in producing: the philosopher con artist. New York Magazine
💥 Trump sues ex-British spy over dossier containing 'shocking and scandalous claims'. Trump sued company founded by Christopher Steele, who created a dossier in 2016 that contained rumors and uncorroborated allegations about Trump that erupted in a political storm just before he was inaugurated. AP
💥 El Chapo’s Sinaloa drug cartel bars fentanyl production under penalty of death. The order comes as the Sinaloa Cartel has expressed concerns about the US law enforcement pressures and future arrests of its top leaders. Daily Mail