Bitcoin

The UK has been positioning itself as a crypto hub, but political distractions like this investigation may slow down the Financial Conduct Authority's (FCA) progress on stablecoin and staking regulations. Combined with the current bearish macro environment (Fear & Greed at 25), any regulatory delay could further dampen institutional interest in UK-based crypto projects.

Police investigate two donations of £250,000 each from Richard Tice's company Britain Means Business to Reform UK in the run-up to the 2024 general election.