The market this morning

Two crypto billionaires hand Reform UK a record $97 million as Revolut says customer crypto data was exposed

By Crypto Info News

Good morning. Nigel Farage's Reform UK received $97 million from two crypto billionaires within 24 hours, CoinDesk reported, a combined sum it described as equal to the largest individual political donations in UK history. The Block and Decrypt identified the donors as Ben Delo and Christopher Harborne, each giving £36 million. Decrypt reported that the two, between them, beat what every UK party raised last year. The Block noted that the House of Lords is considering a bill that would halt crypto donations and cap overseas giving at £100,000 a year.

The day's other major story concerned data. Decrypt and The Block reported that Revolut fulfilled a fraudulent information request sent from a government agency's own email domain, exposing ID documents and full crypto transaction histories for what the company called a "limited" number of users. The Block cited on-chain investigator ZachXBT, who speculated the incident may have targeted high-net-worth users.

Security featured elsewhere. Cointelegraph, citing a report, said North Korea has used third-country IT workers to pass job interviews at US companies, after which the roles are taken over by North Korean operatives. Separately, the US CFTC announced it approved a final rule concerning whistleblower awards.

On markets, CryptoQuant said bitcoin's outlook remains bullish but must clear resistance stretching to $88,700, with $81,700 named as the level to confirm a new bull market, according to The Block. Bitcoin traded at $77,261.62, up 0.08% over 24 hours. CoinDesk reported Bitcoin Suisse plans to cut up to half its Swiss jobs, closing its Copenhagen IT site while opening a hub in Vietnam; the same firm, CoinDesk said, argues rising AI investment and government debt strengthen the case for adding bitcoin to portfolios. Ripple's Jack McDonald told CoinDesk he sees a $13 trillion corporate treasury opportunity for the $2.4 billion RLUSD stablecoin as it eyes Europe under MiCA.

In AI, CoinDesk reported Sam Altman told Fortune that "right now would be an ill-advised moment" for OpenAI to go public, and separately that Anthropic's Dario Amodei, Altman and Elon Musk agreed frontier AI development may need to slow. Decrypt reported users complaining that GPT-6 Astra had been nerfed.