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Cryptocurrency Billionaire Christopher Harborne Once Made a £5 Million Political Donation to Nigel Farage

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April 29 — Per a Financial Times report, Christopher Harborne, a cryptocurrency industry billionaire and Tether shareholder, provided roughly £5 million in funding to UK MP Nigel Farage ahead of the 2024 UK general election. Farage later decided to resume his role as leader of the UK Reform Party, a right-wing political party in the country. The report notes Harborne has been actively engaged in both the crypto industry and conservative political donations, and he previously had ties to the UK Brexit movement. This significant donation has once again sparked concerns about the influence of crypto capital on British politics.
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AC: Many DeFi projects are now considered "no longer DeFi," and the industry is debating whether to introduce a circuit breaker mechanism.

On April 29, Andre Cronje told Cointelegraph in an interview that many DeFi protocols today aren’t “truly decentralized” — instead, they function more like “for-profit companies run by teams” that rely heavily on upgradeable contracts, multisigs, off-chain infrastructure, and human operational controls. He noted the industry still overfocuses on smart contract audits, missing operational risks that mirror Traditional Finance (TradFi). Recent attacks, he argued, stemmed not from code vulnerabilities but off-chain infrastructure, permission mismanagement, and social engineering. The discussion comes amid a spike in DeFi security incidents. In April, protocols including Flying Tulip, Drift Protocol, and Kelp were breached: Drift lost roughly $280 million, while Kelp saw losses of around $293 million. In response, Flying Tulip rolled out a “Withdrawal Circuit Breaker” that delays or queues withdrawal requests during abnormally large outflows, giving the team roughly 6 hours to rea

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Securitize Teams Up with Computershare to Drive US Stock Market On-Chain, Aiming to Tokenize Equity for the $70 Trillion Stock Market

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April 29 — According to market data from Bitget, WTI and Brent crude oil extended their short-term rally. WTI crude climbed more than 4%, while Brent crude rose 3.69%. On the news front, Iranian media outlet Press TV cited a senior Iranian security official as saying Iran has issued a warning: if the U.S. continues to seize Iranian-linked vessels, Iran will take "unprecedented military action."

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Iran: Will Take Unprecedented Military Action If US Continues to Detain Iranian Ships

April 29 — Iran has warned it will take “unprecedented military action” if the U.S. continues detaining Iranian-linked vessels, per a senior Iranian security official cited by Iranian media outlet Press TV. (IG)

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Galaxy Digital Leads $20 Million Investment Round in Fence to Transform $6 Trillion Credit Market Infrastructure Using Blockchain

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Visa to Include Polygon in Global Stablecoin Settlement Program, with an Annualized Settlement Volume of $7 Billion

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