UK Reform Party leader Nigel Farage is reportedly facing a probe over an undeclared donation from crypto billionaire Christopher Harborne that he received before becoming an MP in 2024. Reform UK leader Nigel Farage is reportedly facing a parliamentary standards inquiry over whether he failed to declare a 5 million pound ($6.7 million) gift from crypto billionaire Christopher Harborne. The UK Parliamentary Standards Commissioner has opened an inquiry into whether Farage breached House of Commons rules by not registering the payment, the BBC reported Wednesday. Farage said he was under "no obligation" to declare the gift from the Reform party backer, which he received before he was elected to the Commons in 2024. Critics argue he should have registered the payment after becoming a member of parliament. Read more
Metaplanet posted strong Q1 operating income driven by Bitcoin options revenue, but swung to a $728 million loss as BTC price declines triggered valuation markdowns. Tokyo-listed Metaplanet reported first-quarter operating income Wednesday of 2.27 billion Japanese yen (roughly $14.38 million) on net sales of about $19.5 million, implying an operating margin of 73.6% as surging Bitcoin option income more than tripled revenue from a year earlier, according to the company’s Q1 fiscal year 2026 earnings release. The strong operating performance contrasted with an ordinary loss of around $728 million, driven mainly by non-cash valuation losses as Bitcoin's price declined during the period, and the company marked its expanding Bitcoin (BTC) holdings lower. The price of Bitcoin fell around 24% during the quarter, from around $87,000 on Jan. 1 to roughly $66,000 on March 31, according to data from Coingecko. Read more
Strategy’s potential 3,127 BTC buy this week, alongside falling stablecoin dominance, suggests more capital may enter the Bitcoin market. Bitcoin (BTC) may reach $100,000 by June as Strategy’s renewed buying power and falling stablecoin dominance suggest liquidity is returning to crypto. Key takeaways: Strategy’s preferred stock, Stretch (STRC), has reclaimed its critical $100 par value, restoring one of the company’s funding mechanisms for Bitcoin purchases, data from STRC.LIVE shows. Read more
Coinbase-backed x402 adds batch settlement, letting AI agents authorize many small payments offchain before settling them later onchain. Coinbase-backed x402 has added batch settlement, a feature designed to reduce the cost of high-frequency AI agent payments by allowing many small transactions to settle later in bulk. Base creator Jesse Pollak said Wednesday that x402 now supports batched settlement, enabling very small payments below $0.0001 for on-demand resources such as compute and inference. The feature lets buyers deposit ERC-20 funds into onchain escrow and sign offchain vouchers for each paid request. Sellers can verify those vouchers quickly, serve the request and later redeem many payments together in batched onchain transactions, according to x402’s documentation. Read more
Arkham’s new map links OFAC‑sanctioned Tron wallets to Iran’s central bank, putting Tehran’s alleged onchain reserves and counterparties in full public view. Blockchain analytics platform Arkham has published what it says is a public, onchain map of crypto wallets attributed to Iran’s central bank, making a pair of US-sanctioned Tron addresses publicly searchable for investigators and the wider public. The move could increase scrutiny of how Iranian-linked entities use stablecoins and blockchain networks to move funds outside traditional banking rails, as US authorities intensify sanctions enforcement tied to terrorism financing and oil revenues. Arkham’s May 11 research post groups the wallets into a Central Bank of Iran entity page and explorer, which the firm says can be used as a starting point to trace connected addresses and flows. Read more