Nigel Farage faces official inquiry over £5M Christopher Harborne gift

Reform UK leader Nigel Farage is to be the subject of an official inquiry by the UKs Parliamentary Standards Commissioner after it was revealed he received £5 million from Tether shareholder and Reform donor Christopher Harborne.  The money, which Farage says was a “gift” to help him pay for private security, rather than a political donation, was given in early 2024, just weeks before he decided to stand as a candidate in the general election.  Farage maintains that the money given to him before he became an MP was a “personal, unconditional gift,” and as such, he claims that he was under no obligation to declare it.  Opponents, however, say he broke commons rules by failing to declare it in the MPs register of interests once he had been elected.  According to the Commons code of conduct, MPs “must register all their current financial interests, and any registrable benefits (other than earnings) received in the 12 months before their election within one month of their election.”  It also outlines that “purely personal gifts or benefits” would not have to be registered.  However, the rules also state that “both the possible motive of the giver and the use to which the gift is to be put should

05-14Industry

Cardano Price Prediction: ADA Faces Selling Pressure After Rejection at $0.288 Zone

Tech  Cardano Price Prediction: ADA Faces Selling Pressure After Rejection at $0.288 ZoneADA trades above major EMAs as bulls defend the broader breakout market structureOpen interest cooled near $550M as leveraged speculation steadily continued fadingNegative exchange netflows signal cautious sentiment despite ADA price stability  Cardano continued to defend its broader bullish structure this week, even as momentum slowed following a sharp recovery rally. The digital asset recently climbed toward the $0.288 region after breaking out from a prolonged consolidation phase near $0.25. However, buyers encountered stronger resistance near the latest swing high, forcing ADA into a tighter consolidation pattern around $0.273.  Despite the recent pause, the overall technical setup still favors bulls. ADA continues trading above its major exponential moving averages on the four-hour chart. Consequently, traders still view the broader structure as constructive unless key support zones fail.  The recent breakout also shifted market sentiment after several weeks of muted price action. Moreover, the rally attracted renewed speculative interest across derivatives markets before leverage cooled again during the latest pullback.  Key Levels Define ADAs Next Direction  Technically, ADA remains positioned above the 50 EMA at $0.2744, the 100 EMA at $0.2697, and the 200 EMA at $0.2634. This alignment usually supports bullish continuation when price

05-14Industry

Oil Pulls Back as Trump-Xi Summit Keeps Markets on Edge

Tech  Oil Pulls Back as Trump-Xi Summit Keeps Markets on EdgeBrent crude fell 1.39% to $106.27, snapping a three-day rally on ceasefire uncertainty.EIA expects the Strait of Hormuz to stay closed through late May, shrinking global supply by 2.6 million bpd.Trump-Xi summit progress could ease oil prices, while renewed Hormuz tensions may push Brent toward $120.  Oil prices fell on Wednesday, breaking a three-day rally as investors took stock of a fragile Middle East ceasefire and positioned cautiously ahead of the Trump-Xi summit in Beijing. Brent crude futures declined 1.39% to $106.27 per barrel, while US West Texas Intermediate fell 1.53% to $100.62.  The Hormuz Problem Has Not Gone Away  The day-to-day price move masks a more serious structural problem. Iran‘s Kharg Island shipments, which handle a significant share of the country’s oil exports, have been halted for the longest continuous stretch since the war began. Saudi Aramco has warned of critically low fuel stocks.  The US Energy Information Administration (EIA) said on Tuesday it now expects the Strait to remain effectively closed through late May. The EIA estimates global oil stockpiles could shrink by 2.6 million barrels per day this year under current conditions, with Brent prices averaging around $106 per barrel through May

05-14Industry

CoinMarketCap Warns Users About Fake CMC Token Scam

Tech  CoinMarketCap Warns Users About Fake CMC Token Scam  The company confirmed it has never launched an official token or coin and said all such promotions are scams. CoinMarketCap also warned about impersonators using fake accounts, emails, messages, and branded links to target users. The alert comes amid growing phishing activity in the crypto sector.  Crypto Users Warned Over Fake CoinMarketCap Coin  CoinMarketCap issued a fresh to crypto users after scammers began promoting fake “CMC Tokens” and falsely claiming they were connected to the popular cryptocurrency tracking platform. The company made it clear that it has never launched an official token or coin and warned users that any project or advertisement suggesting otherwise should be treated as a .  According to CoinMarketCap, fraudsters are using social media posts, advertisements, direct messages, and fake promotions to trick users into believing that the platform is introducing its own cryptocurrency. The company directly stated that “CoinMarketCap does NOT have a Token/Coin” and any promotion involving a so-called CMC token is fake.  CoinMarketCap also more details about the growing issue of impersonation scams in the crypto industry. The company explained that scammers have been pretending to represent CoinMarketCap by contacting users through fake accounts, , and messages.  In another public notice,

05-14Industry

BREAKING: First Eagle Becomes Strategy Incs (MSTR) Largest Investor, Surpassing Vanguard

Tech  BREAKING: First Eagle Becomes Strategy Incs (MSTR) Largest Investor, Surpassing Vanguard  First Eagle Investment Management discloses a massive investment in Bitcoin treasury firm Strategy Inc (NASDAQ: MSTR). The firm surpasses Vanguard Group to become the largest investor in Michael Saylors company as it raises funds to aggressively purchase Bitcoin.  First Eagle Investment Management Invests $16.59 Billion in Strategy Inc  In a 13F filing with the US SEC, New York City-based First Eagle Investment Management reported a $16.59 billion investment in Strategy Inc. The firm purchased 20 billion of Strategy Incs 0% convertible senior notes due 2030.  Strategy position now represents 22% of First Eagle‘s investment portfolio. It indicates the firm’s confidence in MSTR stock amid corporate Bitcoin treasury. As CoinGape reported earlier, Strategy purchased Bitcoin worth $43 million after a week-long pause. The firm now holds 818,869 BTC valued at over $66 billion.  Notably, First Eagle Investment Management has become the largest investor, surpassing Vanguard Group‘s $3.65 billion investment in MSTR stock. Vanguard has yet to disclose its updated MSTR stock holdings for Q1 2026. However, Vanguard Group’s Mid-Cap Value ETF (VOE) increased its stake in Strategy by $195 million.  The firm also holds investments in Alphabet Inc, Becton, Dickinson Co, Wheaton Precious Metals, and Meta

05-14Industry

Keel Infrastructure reports Q1 2026 net loss of $145M, shifts focus to AI and HPC development

Tech  Keel Infrastructure reports Q1 2026 net loss of $145M, shifts focus to AI and HPC development  Keel Infrastructure, the company that used to go by Bitfarms, just posted a $145 million net loss for the first quarter of 2026. Thats the kind of number that makes shareholders reach for the antacids.  The loss arrived alongside a 23% year-over-year revenue decline, with Q1 revenue landing at $37 million compared to $48 million in the same period last year. The company is in the middle of a sweeping transformation: abandoning Bitcoin mining in favor of artificial intelligence and high-performance computing infrastructure.  What went wrong this quarter  A $41 million decrease in the fair value of digital assets contributed significantly to the red ink. The company also absorbed $22 million in costs related to exiting a credit facility. And then there were the expenses tied to pulling out of Latin American operations entirely, including the sale of its Paso Pe site in Paraguay on April 21, 2026.  Adjusted EBITDA came in at negative $17 million for the quarter. On a per-share basis, the loss worked out to $0.21, missing analyst expectations by roughly 400%.  Between January 1 and May 8, 2026, the company sold 269 Bitcoin for approximately $20

05-14Industry

BNB price eyes double bottom pattern breakout, will it move past $700?

BNB price has formed a double bottom on the weekly chart — May 13 | Source: crypto.news  Typically, a confirmed breakout above the neckline of a double bottom pattern signals a potential trend reversal and often opens the door for a rally equal to the height of the formation. Based on the current structure, a successful breakout above $680 could position BNB for a move toward the $780–$800 region in the coming months.  A look at other technical indicators also supports the improving bullish outlook. The MACD histogram has started turning positive after weeks of fading bearish momentum, while the MACD line appears to be curling upward toward a bullish crossover. This suggests that buying momentum may gradually be returning.  Meanwhile, the RSI has also rebounded from oversold territory and currently sits near the neutral 46 level, indicating that BNB still has room for additional upside before entering overbought conditions.  The recent recovery is also notable because BNB had been under pressure in recent months amid renewed scrutiny surrounding Binances compliance operations in the U.S. That uncertainty contributed to weaker sentiment earlier this year, though price action now suggests sellers may be losing control near the $580 support zone.  For now, the key resistance level

05-14Industry

3 Bear Market Moves That Can Pay Off

The post 3 Bear Market Moves That Can Pay Off appeared first on Coinpedia Fintech News  “If I had only bought the dip” is the mantra that haunts all traders in a bull market. Now we are definitely in the dip, with market cap down nearly $900B over the last six months. Bitcoin is down 35% from its all-time high, Solana 68%, and BNB by 52%. Inexperienced traders get antsy, pull out their money, and miss out on some of the best ways to make significant gains with their holdings. This isn‘t really a new story, and one that traditional markets and traders are very familiar with. Smart crypto holders see the cycle and don’t panic, instead they double down and find new strategies to increase their crypto holdings. Here are three ways to find an upside while the market is down:More Crypto, Lower Entry  Most traders dont possess the funds needed to buy a whole Bitcoin, or even smaller fractions, despite the price dip. Instead of buying a tiny sliver, traders can try to get their hands on larger amounts of digital currency. Leveraged trading was the only method to get a larger chunk of crypto without the cash to pay

05-14Industry

Why Jane Street Slashed Its Strategy MSTR Holdings by 78%?

Tech  Why Jane Street Slashed Its Strategy MSTR Holdings by 78%?  Jane Street reduced several major Bitcoin-linked holdings during the first quarter of 2026 while adding exposure to Ether exchange-traded funds and selected crypto equities, according to its latest 13F filing.  The Wall Street trading firm sharply cut positions in two leading spot Bitcoin ETFs after building large exposure during late 2025. Its holding in BlackRocks iShares Bitcoin Trust fell about 71% quarter-over-quarter to roughly 5.9 million shares, valued near $225 million at the end of March.  Jane Street also its stake in Fidelitys Wise Origin Bitcoin Fund by about 60%, ending the quarter with around 2 million shares worth nearly $115 million. The filing showed a broad reduction in reportable Bitcoin ETF exposure during a period of volatile crypto and equity markets.  The firm also lowered its position in Strategy, the Bitcoin treasury company led by Michael Saylor. Jane Street held about 968,000 Strategy shares in the fourth quarter of 2025, worth nearly $146 million. By the end of the first quarter of 2026, that holding had fallen to around 210,000 shares, valued near $27 million.  Bitcoin ETF and MSTR Holdings Decline  Jane Streets sale of Strategy shares followed a sharp increase in the previous quarter,

05-14Industry

Premarket Winners and Losers: Chip Stocks Rally While Alibaba (BABA) Slides on Weak Earnings

Micron Technology, Inc., MU  Alibaba equity declined 1.3% notwithstanding positive headline profit figures. The e-commerce titan disclosed fiscal fourth-quarter net earnings of 23.50 billion yuan ($3.41 billion), representing approximately double the previous years figure, propelled by investment portfolio gains.  Nevertheless, adjusted net earnings — excluding those one-time gains — totaled merely 86 million yuan. This represented a collapse of nearly 100% relative to the comparable quarter last year. Total revenue expanded 3% to 243.38 billion yuan.  EchoStar emerged as the leading premarket gainer within the S&P 500 index, advancing 8.5%. The Federal Communications Commission verified its authorization of the firms wireless spectrum divestiture to AT&T and SpaceX.  Nextracker and Intuitive Machines Show Strength  Nextracker represented another significant winner, climbing 14% following disclosure of adjusted earnings per share reaching $1.05 on revenues totaling $881 million, surpassing analyst projections on both metrics. The solar equipment manufacturer additionally elevated its FY2027 revenue forecast to a range spanning $3.8 billion to $4.1 billion.  Intuitive Machines appreciated 9% after securing selection by the U.S. Space Force for the Andromeda IDIQ procurement. This agreement encompasses advanced space monitoring technologies. The award marked the firms initial significant contract success following its $800 million purchase of Lanteris Space Systems.  Wolfspeed skyrocketed 31% after Citrini Research

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