Geopolitics Alpha

U.K. sanctions Canadian crypto exchange, says it’s helping Russian government

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U.K. sanctions Canadian crypto exchange, says it’s helping Russian government

Court records indicate Vancouver-based Cryptomus did business with illegal market linked to pro-Russian paramilitary groups.

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • LMT Lockheed Martin+4.2%

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman+2.8%

    Defense contractors get more work when conflict spending rises

  • XLE Energy Select Sector SPDR+4.9%

    Energy prices move when Russian supply is at risk

  • GD General Dynamics-3.4%

    Defense contractors get more work when conflict spending rises

  • ITA iShares U.S. Aerospace & Defense-5.8%

    A fund of aerospace and defense companies

  • USO United States Oil Fund+0.9%

    This fund moves with oil prices

  • XOM Exxon Mobil+7.9%

    Oil producers move when sanctioned barrels leave the market

  • IBIT iShares Bitcoin Trust+6.9%

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCWNo price data for this ticker———————
LMT-6.43%-7.02%baseafter closeafter closeafter closeafter close
RTX-0.33%-0.66%baseafter closeafter closeafter closeafter close
NOC-5.86%-3.30%baseafter closeafter closeafter closeafter close
XLE+0.97%+0.55%baseafter closeafter closeafter closeafter close
GD-1.89%-1.84%baseafter closeafter closeafter closeafter close
ITA+2.30%+0.79%baseafter closeafter closeafter closeafter close
USO-0.46%-1.11%baseafter closeafter closeafter closeafter close
XOM+0.46%-0.17%baseafter closeafter closeafter closeafter close
IBIT+0.20%+1.41%baseafter closeafter closeafter closeafter close
COIN+2.37%+0.95%baseafter closeafter closeafter closeafter close

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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U.K. sanctions Canadian crypto exchange, says it’s helping Russian government Investigative Journalism Foundation

Source: Investigative Journalism Foundation

This story

CompanyWhenMoveStatus
COINthree days earlier+0.95%final price
COINfive days earlier+2.37%final price
GDthree days earlier-1.84%final price
GDfive days earlier-1.89%final price
IBITthree days earlier+1.41%final price
IBITfive days earlier+0.20%final price
ITAthree days earlier+0.79%final price
ITAfive days earlier+2.30%final price
LMTthree days earlier-7.02%final price
LMTfive days earlier-6.43%final price
NOCthree days earlier-3.30%final price
NOCfive days earlier-5.86%final price
RTXthree days earlier-0.66%final price
RTXfive days earlier-0.33%final price
USOthree days earlier-1.11%final price
USOfive days earlier-0.46%final price
XLEthree days earlier+0.55%final price
XLEfive days earlier+0.97%final price
XOMthree days earlier-0.17%final price
XOMfive days earlier+0.46%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

“U.K. sanctions Canadian crypto exchange, says it’s helping Russian government” scores 12 out of 100. The score uses 1 sources.