November 18, 2025

Crypto's Dirty Pipeline, Harvard's Bitcoin Bet, Global Surveillance Powers for the IRS, and the 2-Nanometer Mining Arms Race | November 18, 2025

10 minutes

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.

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By The World Crypto Report

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