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Reform UK’s Farage Claims No Obligation to Declare Tether Billionaires $6.7M Gift

Reform UK leader Nigel Farage claims he was under “no obligation” to declare a $6.7 million (£5 million) personal gift from Tether stakeholder Christopher Harborne.Harborne has donated £12 million to Reform UK and claims to be “the reason” for a cap on overseas donations introduced last month.Farage claimed the gift was made before he made the decision to stand for Parliament, and that it was to ensure his personal security.　　Reform UK leader Nigel Farage said that he was under “no obligation” to declare a $6.7 million (£5 million) personal gift from Christopher Harborne, a crypto billionaire with a 12% stake in issuer Tether.　　“Believe you me, weve looked at this from every legal angle,” Farage told broadcasters Tuesday, adding that, “there is no obligation to declare something that is an unconditional, non-political, personal gift.”　　Farage cited past threats to his safety, including a firebombing of his home, as justification for the gift, stating that it would help “ensure I can be safe for the rest of my life.”　　Conservatives have since referred the matter to Parliamentary Standards Commissioner Daniel Greenberg, asking him to examine whether any portion of the £5 million actually funded political activity.　　Farage said he would not refer himself to the

05-07

SpaceX’s Terafab megafab in Texas eyed for $55 billion build-out

SpaceX plans an initial $55 billion Terafab chip and AI megafactory in Grimes County, Texas, as part of Elon Musks broader Austin-centered semiconductor and compute build‑out.Local filings in Texas show SpaceX planning an initial $55 billion investment for its Terafab semiconductor and AI super‑factory.The multiphase project in Grimes County is part of Elon Musks broader Terafab chip initiative centered around Austin.Earlier disclosures from Musk and media reports had put the Terafab cost at between $20 billion and $25 billion.　　SpaceX is preparing to pour an estimated $55 billion into the first phase of its Terafab super‑factory in Texas, according to a recent notice from Grimes County officials and market reports tracking the project. A filing shared by local representatives on X states that “the County of Grimes, Texas, will be home to SpaceXs multiphase, next‑gen, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” with “estimated capital for initial phase” of $55 billion and “estimated total investment of $119 billion.”　　The project, dubbed Terafab, was first unveiled in March as a joint semiconductor initiative between Tesla, SpaceX and Musks AI company xAI in the Austin area. In remarks reported by Bloomberg, Musk called Terafab “a grand plan to eventually manufacture [our] own

05-07

ZEC Price Prediction: Can Zcash Reach $800 After 72% Rally in a Week?

Bitcoin Ethereum News　　Zcash has returned to focus after a sharp weekly rally pushed ZEC through key breakout levels. The move now puts the $550 resistance area and CoinCodexs $800 projection at the center of the ZEC price prediction.　　ZEC Price 72% Weekly Rally Puts $550 Breakout in Focus　　after a sharp rally pushed ZEC price up 71.89% in about six days and 16 hours, according to the TradingView chart.　　The move started near the $320 area and accelerated after ZEC broke above $380. Buyers then pushed the price through $430, $450, and finally above $500, showing strong short-term momentum.　　Wise Advice said on X that the rally came as several market narratives formed around Zcash. The account pointed to Multicoins reported ZEC position, Robinhood listing access, Grayscale ETF speculation, and more than 30% of ZEC supply being shielded.　　These factors matter because new access can bring more demand, while shielded supply may reduce the amount of ZEC available for active trading. When demand rises and available supply tightens, price moves can become sharper.　　For now, ZEC needs to hold the $500 area to keep the breakout structure active. A move above the recent high near $550 could extend the rally. However, a drop below $500 may

05-07

XRP at a crossroads: Rising activity meets the looming $1.50 supply wall

Bitcoin Ethereum News　　The decline in Ripples [XRP] exchange reserves from last year appears to have bottomed out. It has stabilized around 2.75 billion tokens, as the price hovered around $1.40 in April.　　AMBCrypto reported that this represented easing selling pressure.　　The decrease in big whale activity and a shift toward normal activity also suggested that aggressive accumulation has stalled.　　The market was likely to be influenced by retail participants, and an uptick in spot ETF flows could also positively impact XRP price trends, as they did in mid-April.　　In trying to determine whether accumulation or selling pressure had the upper hand, some on-chain metrics seemed to give contrasting signals.　　XRP: Sellers still have the upper handSource: CryptoQuant　　In a post on CryptoQuant Insights, analyst Arab Chain drew attention to the rising XRP network activity. The activity had been in a downtrend until mid-April, when it took a sharp U-turn and has steadily climbed higher over the past three weeks.　　In late March and the first half of April, XRP prices trended from $1.45 to $1.30 and stayed there for nearly two weeks. During this time, the 30-day sum of withdrawal transactions outnumbered the deposit transactions.　　This withdrawal-heavy transaction trend continued into May, but in recent days, the deposit

05-07

FCA Launches Investigation Into Mastercard, Visa, and PayPal Over Competition Concerns

Britains Financial Conduct Authority has launched a formal investigation into Mastercard, Visa, and PayPal over potential anti-competitive practicesThe investigation focuses on the funding mechanisms and usage of PayPals digital wallet platformShare prices for all three payment companies declined following the announcementThe FCA emphasizes no conclusions have been drawn and no violations have been establishedThe probe remains in preliminary stages with no confirmed breaches of competition regulations　　The United Kingdoms Financial Conduct Authority revealed on Wednesday that it has initiated an investigation into three leading payment industry players over concerns about anti-competitive practices.　　Financial Conduct Authority launches investigation into Mastercard Incorporated $MA, PayPal Holdings Inc. $PYPL and Visa Inc. $V over alleged anti-competitive practices tied to PayPals digital wallet 　　The regulatory body confirmed it is examining Mastercard, Visa, and PayPal. The inquiry specifically targets the mechanisms through which consumers fund and utilize PayPals digital wallet services.　　In a concise public statement, the regulator acknowledged the ongoing investigation while emphasizing that no determinations have been finalized regarding potential violations of competition legislation.　　As the primary financial services regulator in the United Kingdom, the FCA possesses authority to scrutinize and impose sanctions on entities that contravene competition standards within financial sectors.　　PayPal maintains one of the planet‘s most

05-07

Can Upbit listing keep Dogwifhats WIF rally alive？

South Koreas Upbit has added Dogwifhat to its spot markets, giving the Solana-based memecoin access to Korean won, Bitcoin, and $USDT trading pairs.　　The exchange notice, published on May 6, said $WIF trading support would cover KRW, BTC, and $USDT markets. The listing gives Dogwifhat wider access to one of Asias most active retail crypto markets.　　Upbit said Dogwifhat deposits and withdrawals would use the Solana network only. Users were asked to check the network and token contract before sending funds.　　The notice listed the supported $WIF contract as EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm. Upbit also said unsupported deposits may need a refund process, which could take time.　　The exchange added normal early-trading controls. Buy orders were restricted for about five minutes after trading began. Upbit also limited some sell orders and restricted order types for about two hours.　　These controls are common around new listings. They aim to reduce unstable order flow when liquidity is still forming.　　$WIF price rises after listing　　Dogwifhat ($WIF) traded higher after the Upbit announcement. Crypto.news price data showed $WIF at $0.241142 on May 6, up 25.35% over 24 hours.　　The same data showed $WIF had a 24-hour trading volume of $217.36 million and a market cap of $240.9 million. The token also gained 33.73% over

05-07

Ethereum Whales Amass 40k $ETH Amid Continuous Kraken Withdrawals

Ethereum ($ETH) is once again witnessing noteworthy whale activity, capturing market-wide attention. In this respect, the Ethereum whales have amassed a total of $94.6M in $ETH from the prominent crypto exchange Kraken over the past 12 hours. As per the data from Arkham Intelligence, the transfers, equaling 40,000 $ETH, denote buyout patterns formerly linked to Bitmine. This triggers speculation that Tom Lee, a renowned investor, may be engaged in substantial $ETH stacking.　　WHALES JUST BOUGHT $100 MILLION ETH　　2 fresh Whale accounts just withdrew a combined $94.6 Million of ETH from Kraken. Their purchase patterns match prior observed purchase patterns of Bitmine.　　Ethereum Whales Withdraw Spend $94M on $ETH　　Based on the on-chain data, the past 12 hours have seen the extraction of 40,000 $ETH, accounting for $94.6M from Kraken. Previously, Bitmine witnessed this pattern, raising the speculation of Tom Lees potential involvement in wide-scale $ETH stacking. The respective withdrawals took place in diverse tranches. These took into account a stunning 30,000 $ETH transaction, equaling a value of up to $70.96M, and another 10,000 $ETH, with its value reaching $23.65M.　　This activity underscores the rising impact of institutional-scale accumulation in the market dynamics of Ethereum ($ETH). The market statistics disclose that $ETH is currently changing

05-06

Ethereum Price Prediction: Whales Buy 230K ETH as Price Holds $2.3K

Technical indicators still support the short-term recovery structure. ETH traded above the 50-, 100-, and 200-period moving averages at $2,315, $2,321, and $2,275, respectively. This alignment reflected continued upward pressure rather than exhaustion.　　Momentum indicators also remained balanced. The Relative Strength Index stood near 59.89, while stochastic readings stayed in the mid-70 range. These levels showed demand remained active without entering extreme overbought conditions.　　At the same time, failure to break resistance would likely keep ETH within its current range. Traders continued watching to see whether buyers could turn the $2,400 area into support before broader momentum develops.　　Retail Selling Challenges Ethereum Price Prediction Setup　　The strongest bearish signal comes from retail-linked supply flows. Wallets holding between 100 and 10,000 ETH sold about 820,000 ETH last week. Over two weeks, that group distributed nearly 1.5 million ETH.　　Ethereum Balance Holder Ratio |Binance Ethereum Futures Power 30D Change | Source: Cryptoquant　　Binance Ethereum Futures Power 30D Change also turned positive at 0.026. The reading sits below the October 2023 early-recovery level of 0.0327. It also remains far below the crowded extremes seen before 44% to 61% pullbacks.　　The broader market also helped the bid. Bitcoin moved toward $82,000, giving ETH crypto traders a stronger macro backdrop. Still, the

05-06

MEXC and CEO Vugar Usi Win Four Awards at the 2026 MENA Stevie Awards

MEXC, the world leader in 0‑fee digital asset trading, has received four accolades at the 2026 MENA (Middle East & North Africa) Stevie Awards, an international business competition recognizing innovation and achievement across 18 nations in the region. The awards span advancements in AI, corporate social responsibility, and individual leadership, marking significant recognition of MEXCs progress on multiple fronts.　　MEXC received two Silver Awards: the Award for Excellence in Innovation in AI Products & Services — Financial Services Industries, and the Award for Innovative Achievement in Corporate Social Responsibility.　　The AI award is a recognition of MEXCs Intelligent Investment Framework, launched in January 2026 to deploy institutional-grade trading intelligence to over 40 million users through a deep learning risk engine, predictive strategy constructor, and a real-time anomaly detection system. MEXC Research analyzed more than 780,000 Gen Z accounts and found that users who adopted the tools recorded 47% fewer panic-sell incidents during periods of market stress.　　MEXC has demonstrated its commitment to corporate social responsibility. Its blockchain-based “One Mint, One Hope” NFT campaign in Turkey raised approximately $150,000 for an earthquake survivor, with 100% of proceeds delivered on-chain directly to the beneficiary. In parallel, MEXCs Legal Enforcement Liaison Team neutralized over 8,500 illicit

05-06

IBM expands enterprise AI platform tools with new agent capabilities

IBM introduced new enterprise artificial intelligence tools on Tuesday aimed at helping organizations build and manage internal AI systems across hybrid cloud environments.IBM introduced new AI tools to help businesses manage AI systems across hybrid cloud environments.The company launched Context Studio for building AI agents tied to enterprise data, while Process Studio is set to automate legacy operational workflows.IBM also expanded AI partnerships with SAP, AWS, Pearson, and Providence as competition in enterprise AI infrastructure continues to grow.　　According to a May 6 press release, IBM announced new additions to its IBM Enterprise Advantage and IBM Consulting Advantage platforms during its Think conference, alongside collaborations involving Pearson, Providence, SAP, Amazon Web Services, and U.S. government cloud infrastructure.　　IBM said the updates are designed to help enterprises deploy AI agents with greater control over data, workflows, and interoperability across different systems.　　One of the new offerings, called Context Studio, is now available and allows companies to create AI agents tied to internal business data and operational processes. IBM said the system is intended to improve the accuracy and relevance of AI-generated outputs while supporting data sovereignty requirements.　　Another tool, Process Studio, is expected to launch later and will focus on converting legacy operational procedures into

05-06

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