๐ฎ๐ท US Sanctions Crypto Exchanges Shelbit & Aban Tether Over Iran Links
US Treasury (OFAC) sanctioned two crypto exchanges on 7 August 2026 for helping Iran's IRGC move money and evade sanctions.
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Shelbit: Dubai-operated, Georgia-registered (not Iranian)
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Aban Tether: Iran-based, dealt with sanctioned Nobitex, Wallex, Bitpin, Ramzinex
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Owner Siavash Kayvanpour + 4 front companies also blacklisted
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Reuters: Shelbit moved ~$4B in 2 years, $676M went to Binance
Aban Tether is NOT Tether (US...
$IOTX is up 47.1% today, pushing past its 7-day high of 0.00412. The move comes on $6M in volume, above its EMA20 (0.00286) and EMA50 (0.00256).
The last time it reached 0.00412, it didn't hold. For this rally to continue, IOTX needs to establish a floor above the previous resistance. The desk's read: A sustained break and hold of 0.00412 would validate further upside. Otherwise, this is a retest of the top of its 7-day range, with the RSI at 65 suggesting it's not yet overheated.
Would you ex...
I think the market ultimately has no choice but to go sell memory, long optical in the "short term." Actually, some hedge funds already seem to have this position on.
There are three main reasons.
1. With Korean leveraged ETFs effectively dead, LPs are in a redemption rush, which could bring out additional sell on flow.
2. Nvidia is nerfing Rubin Ultra's HBM and responding with optics, tying multiple racks together, so that even if Rubin Ultra's per rack performance is not superior to Rubin, ...