Geopolitics Alpha

‘Jaw-droppingly Delusional’: Netanyahu Crypto Proposal Sparks Alarm Across Israel

Published . Updated .

‘Jaw-droppingly Delusional’: Netanyahu Crypto Proposal Sparks Alarm Across Israel

PM’s proposal to use blockchain to bypass potential banking sanctions draws disbelief from financial commentators and political rivals, who warn of economic disaster and deepening isolation

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • XLE Energy Select Sector SPDR+7.4%

    Energy prices move when sanctioned supply is blocked

  • USO United States Oil Fund+8.2%

    This fund moves with oil prices

  • XOM Exxon Mobil+11.0%

    Oil producers move when sanctioned barrels leave the market

  • CVX Chevron+9.9%

    Oil producers move when sanctioned barrels leave the market

  • IBIT iShares Bitcoin Trust+2.7%

    This price moves with the crypto market

  • COIN Coinbase-14.1%

    The crypto exchange moves with trading volumes

  • JPM JPMorgan Chase-5.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-15.0%

    Bank profits move with lending and interest rates

  • SLB SLB-0.5%

    Oilfield work in sanctioned regions can be cut off

  • GLD SPDR Gold Shares

    Gold is a usual haven when a conflict or sanction escalates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCWNo price data for this ticker———————
XLENo price data for this ticker———————
USONo price data for this ticker———————
XOMNo price data for this ticker———————
CVXNo price data for this ticker———————
IBIT+0.74%+4.07%baseafter closeafter closeafter closeafter close
COIN+2.30%+7.65%baseafter closeafter closeafter closeafter close
JPMNo price data for this ticker———————
BACNo price data for this ticker———————
SLBNo price data for this ticker———————
GLDNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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‘Jaw-droppingly Delusional’: Netanyahu Crypto Proposal Sparks Alarm Across Israel i24NEWS

Source: i24NEWS

This story

CompanyWhenMoveStatus
COINthree days earlier+7.65%final price
COINfive days earlier+2.30%final price
HOODthree days earlier+7.24%final price
HOODfive days earlier+1.51%final price
IBITthree days earlier+4.07%final price
IBITfive days earlier+0.74%final price
MARAthree days earlier+10.83%final price
MARAfive days earlier+5.13%final price
MSTRthree days earlier+5.01%final price
MSTRfive days earlier-6.98%final price
RIOTthree days earlier+12.02%final price
RIOTfive days earlier+11.58%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“‘Jaw-droppingly Delusional’: Netanyahu Crypto Proposal Sparks Alarm Across Israel” scores 12 out of 100. The score uses 1 sources.