Farage faces probe over crypto billionaire gift

Parliamentary standards watchdog formally launched a probe into Nigel Farage over an undeclared £5M gift tied to crypto donations. Summary Parliamentary Standards Commissioner Daniel Greenberg has opened a formal inquiry into whether Farage breached the Commons Code of Conduct. The £5M came from Christopher Harborne, a Thailand-based investor who holds a 12% stake in Tether…

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eBay rejects GameStop’s $56B acquisition bid as unappealing

eBay has turned down GameStop’s unsolicited $56 billion takeover bid, dismissing the proposal in terms that leave very little room for interpretation. The online marketplace called the offer “neither credible nor attractive.” GameStop structured the proposal as approximately half cash and half stock. The financing assumptions behind it drew immediate fire. Neil Saunders, an analyst…

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ZachXBT Links Teen Crypto Flaunter to $19M Theft Network

A Discord wallet flex allegedly exposed connections between Dritan Kapllani Jr. and a massive 185 BTC social engineering theft. Blockchain investigator ZachXBT has linked US-based alleged threat actor Dritan Kapllani Jr. to more than $19 million in crypto thefts carried out through social engineering attacks targeting cryptocurrency holders. In a series of posts on…

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Matchain MAT surges 349% in altcoin rotation

AI Layer-2 token Matchain MAT surged 349% in a single session as speculative capital rotated into small-cap altcoins. Summary Matchain is a BNB Chain zk-rollup focused on decentralised identity and AI-driven advertising infrastructure, with a market cap under $3 million. The move coincided with CryptoQuant’s Bull-Bear Market Cycle Indicator turning bullish on May 12 for…

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CLARITY Act Faces Wave of Amendments Ahead of Markup

Stand With Crypto says its advocates have contacted lawmakers nearly 1.5 million times in support of the CLARITY Act. The Senate Banking Committee’s CLARITY Act is heading into Thursday’s markup, buried under opposition. According to reports, Senator Elizabeth Warren alone filed more than 40 amendments before Tuesday’s 5 p.m. ET deadline, and American Bankers…

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