UK parliament to probe Nigel Farage’s $6.8 million donation from crypto billionaire

Nigel Farage, the leader of Reform UK and a member of Parliament, is facing a formal investigation by the parliamentary standards watchdog after failing to declare a 5 million-pound ($6.8 million) gift from crypto billionaire Christopher Harborne, news services including the Guardian reported Wednesday.  Farage received the donation from Harborne, a Thailand-based businessman with a 12% stake in stablecoin issuer Tether, weeks before announcing he would stand as a candidate in the 2024 general election, and did not declare it when elected as MP for Clapton. New MPs must register all financial interests received within the 12 months preceding their election.  A weekly YouGov poll of voting intentions has Reform UK gaining the largest share of votes, at 28%, putting Farage as the frontrunner to become the next prime minister. If the watchdog finds he breached the code of conduct, he could face suspension and potentially be forced to fight again for his parliamentary seat.  Farage, who is supportive of the crypto industry, has said that because Harborne‘s donations were intended to cover his security expenses he was not compelled by law to declare them. Reform UK recently said the gift falls under the exemption for purely personal gifts. Labour and other parties

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Hyperliquid price forms bearish double top, will it crash back to $35?

The neckline of the pattern currently sits near the $35.2 support zone, which also aligns with a major horizontal support area that buyers defended aggressively during the April consolidation phase.  A look at the MACD indicator reinforces the weakening momentum outlook. The MACD histogram has turned negative again, while the MACD line has crossed below the signal line, confirming a bearish crossover and suggesting that downside pressure may continue building in the short term.  Meanwhile, the Aroon indicator also points to fading bullish momentum. The Aroon Up indicator has declined toward the 50% level while the Aroon Down remains subdued near 7%, signaling that buyers are gradually losing control of the trend even though broader bearish dominance has not yet fully emerged.  If sellers manage to push HYPE below the neckline support near $35, the bearish double top setup could trigger a larger correction toward the $31–$32 region.  On the upside, bulls would likely need to reclaim the $44 resistance area to invalidate the bearish structure and restore momentum toward the psychological $50 level.

05-14

RWA news: Animoca-backed NUVA brings Figures $19 billion of tokenized assets to Ethereum

As Wall Street firms race to bring stocks, bonds and credit products onto blockchain rails, a new Ethereum-based marketplace backed by Animoca Brands is aiming to turn tokenized assets into something crypto investors can use across decentralized finance (DeFi).  NUVA, developed by Animoca and Nuva Labs, is connecting around $19 billion worth of tokenized real-world assets originating on the Provenance blockchain ecosystem, including private credit and Treasury-linked products tied to Figure Technologies Solutions (FIGR), the blockchain firm founded by former SoFi CEO Mike Cagney.  Tokenized real-world assets have become one of cryptos fastest-growing sectors. Asset managers and fintech firms view blockchain rails as a way to modernize how financial products are issued, traded and used as collateral. The broader market for tokenized assets could reach trillions of dollars over the next decade, according to multiple industry forecasts.  NUVA was designed as a distribution layer for tokenized assets, allowing them to move beyond closed financial networks and into DeFi markets, giving average retail users access to assets often limited to institutional investors.  It debuts with two flagship products: a Treasury-linked yield vault called nvYLDS, tied to Figure‘s SEC-regulated stablecoin YLDS with more than $500 million supply, and nvPRIME, a token tied to Figure’s $18.4 billion

05-14

U.S. Senate Confirms Kevin Warsh as Fed Chair to Succeed Jerome Powell

Tech  U.S. Senate Confirms Kevin Warsh as Fed Chair to Succeed Jerome Powell  The U.S. Senate has confirmed pro-crypto Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell. This comes just a day after they confirmed him as a member of the Board of Governors. Warsh‘s confirmation also comes as the U.S. House seeks to remove the Fed’s dual mandate.  Senate Confirms Kevin Warsh as Next Fed Chair  The Senate has confirmed Kevin Warsh as the next Chairman of the Board of Governors of the Federal Reserve for a term of four years. The senators voted 54 to 45 in favor of confirming him as the next Fed chair.  As CoinGape reported, the Senate confirmed Kevin Warsh as a Fed governor yesterday, which cleared the way for his confirmation as the next Fed chair. He will replace Powell, whose term as the Fed chair ends on Friday, May 15.  However, Powell has revealed that he will make the unusual move of staying on as a Fed governor for the foreseeable future. Most Fed chairs have historically resigned from the board after their term as Fed chair ends.  Kevin Warsh‘s confirmation comes at a time when the Fed’s independence is in question, with U.S. President Donald

05-14

Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock

Bitcoin Crypto  Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock  briefly plunged below $79,000 for the first time since May 4 as investors digested the latest producer price index (PPI) data, which showed a sharp acceleration in wholesale . According to the s daily price chart, was coasting above $81,000 before tumbling to an intraday low of $78,704.  Although the had recovered and was trading just over $79,000 at the time of writing (1:08 p.m. EDT, May 13), it remained down 1% over a 24-hour period, while its market capitalization slipped below $1.6 trillion. Following the latest retreat, has shed approximately $3,000 from its May 11 peak of $82,145. The decline began after the Trump administration rejected an Iranian counter-peace proposal.  While global markets await Washingtons next move after President Donald Trump characterized U.S.-Iran relations as being on “life support,” the release of consumer price index (CPI) data showing slightly ahead of projections spooked investors. According to a Bitunix analyst, the latest CPI data indicates that energy-driven price shocks “are once again becoming the dominant force within the U.S. structure, with pressure now spreading into housing, services, and broader consumer sectors.”  “The data suggests that despite two years of restrictive

05-14

Ledger IPO plans paused on market conditions

Ledger has put its Ledger IPO plans on hold, citing difficult market conditions and weak investor appetite for crypto listings.The French hardware wallet maker had hired Goldman Sachs, Jefferies, and Barclays to advise on a potential US listing valued at around $4 billion.Ledger has not filed a draft S-1 with the SEC and may pursue a private capital raise instead, according to people familiar with the matter.The pause follows Krakens IPO delay and comes as BitGo, the only crypto-native company to list in 2026, trades 36% below its January IPO price.  Ledger, the French crypto hardware wallet maker, has paused its plans for a US initial public offering, according to two people with knowledge of the matter.  The company had explored a New York listing at a valuation of roughly $4 billion and has not filed a draft S-1 registration statement with the SEC, the standard first formal step toward a US listing.  Ledger had hired Goldman Sachs, Jefferies, and Barclays earlier this year to advise on the offering. A Ledger spokesperson declined to comment. The company may instead pursue a private capital raise, according to one of the people familiar with the matter.  What is driving the pause  The decision reflects a broader cooling

05-14

Coinbase CEO Brian Armstrong gets behind CLARITY Act ahead of Thursday markup

Coinbase CEO Brian Armstrong is supporting the latest version of the Digital Asset Market Clarity Act (CLARITY) ahead of the US Senates markup of the crypto market structure bill on Thursday.  “I dont think its ever been in a stronger or more bipartisan position,” he said about the latest iteration of the market structure bill.  Armstrong said that the banking and crypto industry lobbies have reached a “healthy compromise” on stablecoin yield, which was one of the main issues that stalled the market structure bill in January. He added:  “I think there was a healthy compromise there, brokered by Senators Tillis and Alsobrooks. And you know, it was a good compromise because both sides left a little bit unhappy, but at least we got to a place that we can all live with.”  The latest version of the CLARITY bill also improved provisions surrounding decentralized finance (DeFi), tokenized stocks, and the authority of the Commodity Futures Trading Commission (CFTC) to regulate crypto markets, he said.  Source: Brian Armstrong  The comments and the bills pending markup follow months of back-and-forth negotiations between the banking sector and the crypto industry over the bill, which stalled in January 2025 after crypto industry players, led by Coinbase, rejected the initial

05-14

First US Hyperliquid ETF (THYP) Sees $1.2M Inflows on Launch

The first Hyperliquid exchange-traded fund (ETF) in the United States, launched by crypto asset manager 21Shares, recorded $1.2 million in net inflows and $1.8 million in trading volume on its debut day, according to data from May 13, 2026. Trading on the Nasdaq under the ticker THYP, the fund aims to track the spot price of the Hyperliquid (HYPE) token, which powers a perpetual futures platform with over $8.4 trillion in trading volume since its 2023 launch.  While the inflows were notable for an ETF debut, they pale in comparison to earlier crypto ETF launches. The Bitwise Solana Staking ETF (BSOL) and the Canary XRP ETF (XRPC) both recorded opening-day volumes exceeding $56 million in late 2025. Bloomberg ETF analyst James Seyffart described THYPs debut as “better than your average ETF launch for sure but nothing too crazy.”  THYP‘s competitive edge lies in its relatively low 0.3% management fee, undercutting Bitwise’s proposed 0.67% fee for its upcoming Hyperliquid Staking ETF (BHYP). Grayscale, another major player in the crypto ETF space, is also awaiting regulatory approval for its Grayscale HYPE ETF (GHYP), although pricing details for that product remain undisclosed.  The launch of THYP comes amid a regulatory shift in the U.S. Securities and

05-14

KRWQ Expands to Solana, Unlocking $100B+ Daily KRW Liquidity

Tech  KRWQ Expands to Solana, Unlocking $100B+ Daily KRW LiquidityKRWQ is expanding to Solana to support faster KRW-linked on-chain settlement.The rollout targets $40B in daily KRW spot volume and $60B in NDF activity.South Koreas stablecoin rules remain under development, limiting local access.  Korea‘s won-pegged stablecoin, KRWQ, is expanding to Solana as it looks to bring Korean won liquidity into faster, crypto-native markets. The move gives traders, institutions, and on-chain applications a new settlement route for accessing KRW-linked liquidity across Solana’s high-speed trading ecosystem.  Per reports, the expansion links one of Asias most active fiat markets with a blockchain built for high-speed execution. IQ, which created KRWQ with Frax, said the rollout targets more than $100 billion in combined daily KRW spot and offshore derivatives activity.  A Korean Won Market moves On-Chain  Basically, KRWQ is designed to maintain a 1:1 peg with the South Korean won. It first launched last October on Base as the first Korean won-denominated stablecoin on that network.  The asset later expanded across multiple chains using LayerZeros interoperability framework. That structure was built to reduce fragmented liquidity across separate blockchain ecosystems.  Its latest deployment, however, brings KRWQ into Solana‘s trading stack, where low-latency settlement can support more active markets. The team said the chain’s

05-14

Ledger IPO plans paused on market conditions

Ledger has put its Ledger IPO plans on hold, citing difficult market conditions and weak investor appetite for crypto listings.The French hardware wallet maker had hired Goldman Sachs, Jefferies, and Barclays to advise on a potential US listing valued at around $4 billion.Ledger has not filed a draft S-1 with the SEC and may pursue a private capital raise instead, according to people familiar with the matter.The pause follows Krakens IPO delay and comes as BitGo, the only crypto-native company to list in 2026, trades 36% below its January IPO price.  Ledger, the French crypto hardware wallet maker, has paused its plans for a US initial public offering, according to two people with knowledge of the matter.  The company had explored a New York listing at a valuation of roughly $4 billion and has not filed a draft S-1 registration statement with the SEC, the standard first formal step toward a US listing.  Ledger had hired Goldman Sachs, Jefferies, and Barclays earlier this year to advise on the offering. A Ledger spokesperson declined to comment. The company may instead pursue a private capital raise, according to one of the people familiar with the matter.  What is driving the pause  The decision reflects a broader cooling

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