Today’s crypto headlines centered on operational restructuring, a privacy incident at a major fintech, and unusually large political donations from crypto billionaires. Ripple also pitched broader treasury use for RLUSD as it eyes European expansion.
Bitcoin Suisse to reduce Swiss headcount as it shifts work overseas
Bitcoin Suisse plans to cut up to half of its Swiss jobs while closing its Copenhagen IT site, keeping its Bratislava operation, and opening a new hub in Vietnam to lower costs. The company also said rising AI investment, government debt, and weaker stock-bond diversification support the case for adding bitcoin to traditional portfolios.
Revolut disclosed a data exposure after a fake government request
Revolut says it handed over passports, selfies, home addresses, and bitcoin transaction histories after processing a fraudulent request that appeared to come from a government agency email domain. The reports said the breach affected a limited number of users and that no customer funds were lost.
Crypto billionaires give Reform UK a record political windfall
Nigel Farage’s Reform UK received about $97 million in donations from two crypto billionaires within 24 hours, according to the reports. Ben Delo and Christopher Harborne were identified as the donors, and the combined total was described as the largest individual political donation haul in U.K. history.
Sources: CoinDesk, Decrypt, Cointelegraph
Ripple highlights RLUSD treasury and Europe plans
Ripple’s stablecoin chief said RLUSD has a $13 trillion corporate treasury opportunity, with payments and capital markets cited as growth drivers. The company is also looking to bring RLUSD to Europe under MiCA.
Sources: CoinDesk