UK authorities continue probe into Nigel Farage‘s crypto ’gifts after by-election win

UK Reform leader Nigel Farage will face an investigation that had been briefly paused following his resignation from Parliament after winning a by-election on Thursday with no major party candidates participating.  As of Friday, the UK Parliamentary Commissioner for Standards website showed that Farage was currently under investigation for “failure to register an interest” related to the Reform leader receiving millions of dollars‘ worth of donations and gifts from two figures tied to the crypto industry. The investigation was halted in July after Farage resigned as a member of Parliament, but resumed following his reelection as Clacton’s MP.  The commission will probe cryptocurrency billionaire Christopher Harborne giving Farage $6.7 million as well as the Reform leaders staff and security funded by George Cottrell, a convicted fraudster tied to a crypto casino. Should the investigation determine that Farage violated parliamentary rules, he faces a possible suspension from parliament, which could trigger another by-election.  Under UK parliamentary rules, new members must register all current financial interests within a month of their election, as well as any benefits received in the 12 months prior. Farage initially called Cottrell‘s donation a “reward” for campaigning for Brexit and later described both men’s contributions as “gifts” given “on an

08-15انڈسٹری

Kalshi ordered to stay open despite Washington ban

The CFTC has ordered Kalshi to continue operating under federal rules as a Washington judge restricted seven contract categories and set two geofencing deadlines for the prediction market.  The Commodity Futures Trading Commission said on Aug. 11 that it had used its emergency authority after Kalshi notified the agency of a market emergency tied to New York Attorney General Letitia James lawsuit against the exchange.  Under the CFTC emergency order, Kalshi must continue operating in line with the Commodity Exchange Act‘s Core Principles. The agency issued the directive after New York asked a state court to halt the company’s event contracts and sought more than $36 billion in damages.  Although the federal action arose from the New York case, the order has entered the legal fight over whether states can restrict products offered by a CFTC-registered exchange. The agency‘s Office of the General Counsel submitted the directive as supplemental authority to U.S. District Judge Lorna Schofield in the Southern District of New York, where the federal government is challenging New York’s enforcement position.  Sports betting lawyer Daniel Wallach described the directive as compelling Kalshi to defy state court orders. The CFTCs public statement did not use that wording, saying instead that Kalshi must continue

08-15انڈسٹری

Why Bitcoin Failed to Rally After CPI & PPI—Will the Correction Extend to $60,000?

Bitcoin price is stuck within a narrow range, consolidating between $63,000 and $64,000, failing to deliver an upside action after the latest U.S.inflation data. July CPI came in broadly in line with expectations, while PPI was more favourable, rising 0.0% month-over-month versus forecasts of a 0.2% increase. Treasury yields declined as expectations for further rate hikes eased, creating a supportive backdrop for risk assets. The response in traditional markets was clear. The S it is lacking strong follow-through from the spot market. The recovery from the June lows has therefore looked more like a cautious rebound than the start of a broad-based accumulation phase. Until spot activity begins to pick up meaningfully, Bitcoin may continue to struggle to break above resistance—and that leaves the $61,500–$62,000 support zone vulnerable if sellers return.  Conclusion: Will Bitcoins Correction Extend to $60,000?  Bitcoins failure to rally after favorable CPI and PPI data looks less like a macro problem and more like a demand problem. The negative Coinbase Premium, cooling spot activity and fading momentum all point to the same issue: there still arent enough spot buyers behind the recovery. That matters even more with $BTC currently struggling below the $65,000–$66,000 resistance area. Recent market data also

08-15

Morgan Stanley raises BlackRock Bitcoin ETF stake by 23%

Morgan Stanley has increased its reported holding in BlackRocks spot Bitcoin ETF by 23% to about 16.5 million shares while adding exposure to Ether, Solana, and several crypto-linked companies during the second quarter.  SummaryMorgan Stanley added roughly 3.04 million shares of BlackRocks IBIT during Q2.Its IBIT position was valued at $549 million as of June 30.Holdings in BlackRocks Ether ETF increased by 202% to 4.6 million shares.New positions included Morgan Stanleys Bitcoin fund and two Solana investment products.  The U.S. Securities and Exchange Commission filing signed on Aug. 11 showed that Morgan Stanley held about 16.5 million shares of BlackRocks iShares Bitcoin Trust, up from approximately 13.4 million shares at the end of the first quarter.  The addition of roughly 3.04 million IBIT shares represented a quarterly increase of about 23%. However, the reported value of the position fell by nearly 18%, from around $667 million to $549 million, as Bitcoins price declined during the three months ended June 30.  Morgan Stanley submitted the report as a combination Form 13F covering positions held by several related managers. The Q2 regulatory filing contained 45,905 entries with an aggregate reported value of about $1.89 trillion.  A Form 13F provides a quarter-end view of certain U.S.-listed securities held

08-15انڈسٹری

Tokenization stocks slip as SEC delay puts 'speed bump' in cryptos Wall Street push

The moves followed CoinDesks report late Thursday that the Securities and Exchange Commission (SEC) was set to further delay its anticipated “innovation exemption,” which is expected to make it easier for companies to offer trading in tokenized securities. Concerns from the White House and Wall Street over the proposals legal footing and potential market impact have held up the plan.  Adding to the uncertainty, the SEC canceled a meeting scheduled for Friday where commissioners planned to consider whether to propose new rules creating a tailored offering regime for certain investment contracts involving crypto assets.  The impact wasnt limited to stocks. The innovation exemption had also been expected to provide some regulatory relief for trading through decentralized finance venues, meaning the delay reaches beyond publicly traded tokenization companies. Uniswaps UNI (UNI), the native token of the decentralized exchange, fell 7% over the past 24 hours, making it the weakest performer in the CoinDesk 20 Index both Friday and this week.  For comparison, the Nasdaq 100, St necessarily change the longer-term story, according to Owen Lau, managing director and senior analyst at Clear Street.

08-15انڈسٹری

Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy

In briefGalaxy Research now puts the Coldcard exploits confirmed haul above 1,778 BTC (about $112 million), with a suspected fourth wave that would lift it to 2,417 BTC.No confirmed attacker activity has appeared after August 6, across three major waves and more than 30 smaller footprints.Galaxy has spoken to 190-plus victims directly and still tells single-signature Coldcard holders to move funds to fresh addresses.  Stolen Bitcoin losses from the massive Coldcard wallet exploit have begun to slow, but the total amount of BTC swiped continues to climb—and the worst may not be over just yet.  That‘s the latest from Galaxy Research, the crypto research firm that’s been tracking the exploit from the start. The company said Thursday that the Coldcard seed-recreation exploit has now drained more than 1,778 BTC—roughly $112 million—and the final figure will likely be higher.  Myriad: Bitcoins next move? Click to make your prediction.  Galaxy said it has “very high confidence” in the tally, which counts confirmed, owner-attributed thefts since the attack opened on July 30, per its running thread on X.  “Attackers have been executing this attack since at least early morning July 30, 2026, systematically recreating Coldcard-generated seeds and sweeping the funds onchain,” Galaxy Research wrote.  Among Galaxys confirmed waves and

08-15انڈسٹری

First Hong Kong Stablecoin Is Live But Retail Cannot Touch It Yet

Hong Kongs first regulated Hong Kong dollar stablecoin went live on Wednesday. Almost nobody is allowed to hold it.  Anchorpoint Financial opened HKDAP to institutions, corporate clients and professional investors on Aug. 12. Retail buyers are not part of this phase.  Sponsored  Sponsored  Two Licences, 36 Applicants  The Hong Kong Monetary Authority (HKMA) took 36 applications before its window closed in September 2025. It approved two. HSBC holds one. Anchorpoint holds the other, licence FRS01.  Anchorpoint is a subsidiary of Standard Chartered Bank (Hong Kong). HKT and Animoca Brands are its venture partners. HashKey Exchange and OSL Group handle distribution.  Beijing bars yuan-pegged stablecoins abroad. An HKD token is therefore the only kind Hong Kong can license. Both winners are building Hong Kongs stablecoin race around the local dollar.  Why Retail Has to Wait  The citys Stablecoins Ordinance sets a high bar. Issuers need HK$25 million (about $3.2 million) in paid-up capital. Reserves must sit apart from company money. Holders redeem at face value within one business day and earn no interest.  Sponsored  Sponsored  The same law limits who may sell these tokens to the public. Only licensed issuers, banks and regulated platforms qualify.  Anchorpoint is moving in stages. Retail access is expected around the end of 2026, though the firm has committed

08-15انڈسٹری

Israels largest bank taps Galaxy to offer bitcoin, ether and solana trading

Quick TakeCustomers of Leumi and its mobile digital banking arm will be able to use the banks mobile digital banking arm to trade BTC, ETH, SOL, and other “selected” cryptocurrencies.In 2022, Bank Leumi said it had partnered with Paxos to offer customers cryptocurrency trading, but it appears the launch never moved forward.  Bank Leumi, Israels largest bank, plans to allow customers to trade bitcoin, ether and solana through its investment app beginning in early 2027, marking the second time its announced efforts to bring crypto trading to customers.  Customers of Leumi and PEPPER, its mobile digital banking arm, will be able to use the banks mobile digital banking arm to trade BTC, ETH, SOL and other “selected” cryptocurrencies, according to a statement.  The bank is partnering with Mike Novogratz-led Galaxy Digital (GLXY), which will provide the institutional trading and custody infrastructure.  “This initiative represents a significant pillar of the banks innovation strategy and enables us to provide customers with simple, secure, and regulated access to trading digital assets through one of the worlds leading technological infrastructures,” Bank Leumis Head of Strategy Maya Ravia said. “We believe that digital assets are gradually becoming an integral part of the global financial system.”  In 2022, Bank Leumi said

08-15انڈسٹری

Binance to restrict transactions involving HTX, 10 other crypto platforms

Binance will stop processing transactions involving crypto exchange HTX and 10 other listed crypto platforms and service providers from Aug. 23.  The cryptocurrency exchange cited recent regulatory developments for the decision in a Friday announcement. Binance will stop processing transactions involving HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO.  Transactions attempted on or after the effective date may be held and subject to compliance review. Binance said restrictions may also be applied to impacted wallets while the review is ongoing.  HTX, formerly Huobi, was added to the European Union‘s sanctions package targeting Russia in late July. The UK government also designated Huobi Global S.A. in May, citing “reasonable grounds to suspect” that it supported Russia’s government by providing financial services or making available funds and economic resources to A7 LLC and Garantex Europe OU.  HTX denied the UK sanctions allegations, arguing the designation applies only to Huobi Global S.A. as a separate legal entity and saying its online exchange and user funds remain unaffected. The UKs Office of Financial Sanctions Implementation later said it considers the HTX exchange itself subject to the sanctions because it is owned by Huobi Global.  The US Treasury sanctioned Shelbit and Aban Tether

08-15انڈسٹری

Israels largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading

Israel‘s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027.  The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers.  Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy‘s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure.  According to Leumi, the bank serves millions of customers across its retail and business operations.  The partnership comes after Galaxy reported an $85 million net loss in the second quarter, which it attributed largely to declining digital asset prices. Despite the loss, its digital assets business generated $66 million in adjusted gross profit, up 34% from the previous quarter.  Galaxy Digital, founded and led by Mike Novogratz, began trading on the Nasdaq under the ticker GLXY in May 2025. Its shares were trading at $21.38 on Friday morning, up about 2%

08-15انڈسٹری
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