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Binance’s Bitcoin (BTC) reserves have climbed sharply in recent months, reaching a two-year high and raising questions about whether some of the coins could eventually add selling pressure to the market. In a detailed …

Binance’s Bitcoin (BTC) reserves have climbed sharply in recent months, reaching a two-year high and raising questions about whether some of the coins could eventually add selling pressure to the market. In a detailed tweet Thursday, CryptoQuant analyst Darkfost said Binance now holds more than 693,000 BTC, accounting for roughly 30% of the Bitcoin reserves held by major cryptocurrency exchanges. The exchange’s holdings have increased by about 77,000 BTC since late April. The rise comes as investors have moved more Bitcoin onto Binance, the analyst said, with the exchange’s deep liquidity making it a major destination for large market flows. “Binance’s BTC reserves have just hit a new record, reaching their highest level in two years. Today, Binance holds more than 693 000 Bitcoin, representing roughly 30% of all Bitcoin held in the reserves of major exchanges,” Darkfost wrote. “Between late April and today alone, Binance’s BTC reserves grew by 77 000 Bitcoin, a far-from-negligible increase over such a short period.” According to the analyst, part of the increase could be linked to traders moving Bitcoin to exchanges during market rallies to sell. However, he also pointed to other possible factors, including Binance’s Secure Asset Fund for Users (SAFU), which involved plans to acquire additional Bitcoin. Notably, security concerns may have contributed to exchange inflows as well. Darkfost suggested some holders may have moved assets to third-party platforms following the ColdCard incident. Binance’s reserves rose as Bitcoin faces a key resistance area. Glassnode analysts identified the $83,000 to $86,000 region as an important barrier, with approximately 1.07 million BTC purchased by long-term holders in that range. As per the firm, a sustained move back into those levels could give some investors an opportunity to exit around their break-even prices, potentially creating additional supply. US spot Bitcoin ETFs also have estimated break-even levels around $86,000. However, the data does not indicate that long-term holders are preparing for widespread selling. Glassnode indicated that long-term investors accounted for 47% of realized profits, down from 88% at the August peak. Liquidity is another factor investors are watching. Darkfost said Binance’s stablecoin reserves, which previously exceeded $50 billion, have declined by almost $7 billion. Although reserves recovered by $1.6 billion over the past month, the three-month change remained negative. US spot Bitcoin ETFs also recorded combined outflows of $166.8 million across September 8 and September 9, adding to questions about the strength of fresh demand. The analyst said a decisive move above $80,000 could help restore liquidity and improve the market’s momentum. “A confident breakout of $80,000 should be the key to a full and sustainable return of liquidity,” he added. That said, Binance’s growing Bitcoin balance sends mixed signals. The reserves show substantial coins sitting on a highly liquid exchange, but their presence alone does not confirm that holders intend to sell. At press time, Bitcoin was trading at $76,992, down 1.4% over 24 hours.

Add Decrypt as your preferred source to see more of our stories on Google. In brief Bitcoin's daily 50-day EMA dipped back below its 200-day EMA Friday evening as BTC retreated to $77,438, undoing …

Add Decrypt as your preferred source to see more of our stories on Google. In brief Bitcoin's daily 50-day EMA dipped back below its 200-day EMA Friday evening as BTC retreated to $77,438, undoing the golden cross that had briefly confirmed earlier in the session. The 4-hour chart's golden cross is still intact, but momentum has cooled. The reversal tracks a hawkish repricing in rates markets: The odds of a hike at next week's Fed meeting have spiked to 86% per CME. Bitcoin's brief flirtation with a confirmed daily golden cross is active but didn't survive the afternoon. BTC is trading around $77,438 right now, still up 1.19% on the day but well off its earlier high near $79,837. The pullback tracks a rates market that turned more hawkish, not less, after inflation numbers landed today. Today's CPI numbers showed the monthly core reading at 0.3%, hotter than the 0.2% analysts expected. CME FedWatch, which tracks probabilities implied by 30-day Fed funds futures, had the odds of a 25-basis-point interest rate hike at roughly 69% just after the inflation data landed. Those odds have since spiked to 86.5% in just the last few hours. A rate hike would generally precede a risk off move from investors, meaning risk assets like Bitcoin and tech stocks would take a hit if the Fed decides to raise rates next week at its next meeting. Today's daily Bitcoin candle opened at $76,529, spiked to an intraday high of $79,837, then rolled over to a low of $76,040 before settling near $77,438—still a 1.19% gain on the day, but a long way down from the highs. That round trip was enough to flip the daily exponential-moving-average reading back to bearish: Bitcoin's 50-day EMA, which tracks the average price of BTC over the last 50 days, had briefly crossed above its 200-day EMA earlier Friday. That’s a formation traders refer to as a golden cross, which is as bullish as chart patterns get—and one Bitcoin had not seen since last November. But it didn’t last long. Bitcoin’s 50-day average has slipped back under, meaning prices are still inches away from a golden cross. It may well still happen, but it looks like today won’t be the day. Why a flickering golden cross isn't unusual A golden cross forms when a shorter-term moving average—the 50-day, tracking the last 50 daily closes—crosses above a longer-term one, the 200-day. It's one of the most closely watched trend signals in any market because it has historically preceded some of Bitcoin's larger rallies. But it's also a lagging indicator built entirely from past prices, and when the two averages are trading close together, as Bitcoin's are right now, the signal can toggle on and off within a single session as intraday swings tug at the average. That's exactly what happened today: a push to $79,837 nudged the 50-day EMA above the 200-day, and the retreat to $77,438 pulled it back below. For daily chart watchers, today’s episode is a useful reminder about how thin some golden crosses really are. When the two moving averages sit close together, as they do here, a single volatile session can push the crossover back and forth before it settles. Today's daily candle is still open, so this reading could flip again by the close. Trend strength, though, remains firm regardless of which side of the cross price lands on. The Average Directional Index, or ADX, tracks trend strength regardless of direction. And today’s reading lands at 45, comfortably above the 25 threshold that separates a real trend from noise, with positive directional movement still outpacing negative. The Relative Strength Index, or RSI, measures momentum on a scale from 0 to 100, with scores above 70 signaling overbought and below 30 oversold. Bitcoin is at 55.5 and still on the bullish side of neutral, which means bulls have reason to be optimistic. The 4-hour chart: Still bullish, but tired Unlike the daily, the 4-hour chart never lost its golden cross. The 50-period EMA remains above the 200-period EMA, keeping the broader bullish structure that first formed in late August intact. But almost everything else on the 4-hour timeframe has cooled off. RSI has dropped to 43.3, into bearish territory. The Squeeze Momentum indicator, compressed for days, just fired, with volatility expanding 3.95%—typically what happens right as a sharp move gets underway, in this case to the downside. ADX on the 4-hour chart sits at 25.1, barely above the 25 threshold, a sign the intraday trend is far weaker than the one showing up on the daily. The bigger picture still leans bullish. The 4-hour chart hasn't wavered since late August, and daily ADX at 45 confirms a real trend is in place even as the moving-average label flips back and forth on a single volatile session. Disclaimer The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

The database giant's aging GPU fleet is commanding premium pricing thanks to a market where compute capacity is worth more than ever. Oracle just proved that in the AI gold rush, even old shovels …

The database giant's aging GPU fleet is commanding premium pricing thanks to a market where compute capacity is worth more than ever. Oracle just proved that in the AI gold rush, even old shovels sell at a premium. The company disclosed during its Q1 FY2027 earnings call that it renewed or resold all of its expiring GPU capacity at prices roughly 20% higher than prior contracts. The kicker: most of those GPUs are over four years old. The numbers behind the pricing power Oracle’s GPU utilization rate hit 97.9% during the quarter. The demand side of the equation is equally striking. Oracle booked more than $30 billion in new AI cloud contracts during Q1, pushing its remaining performance obligations to $664 billion. That figure rose $26 billion from the prior quarter and $209 billion compared to a year ago. Gloria Ask anything about any stock — Gloria Finance gives you a complete, data-backed answer in seconds. Ask Gloria → Advertisement Oracle delivered more than 300,000 GPUs to its AI cloud customers during the quarter, tripling the output from Q4 FY2026. The company also brought an additional 850 megawatts of AI capacity online. The client roster reads like a who’s who of the AI arms race: OpenAI, xAI, Meta, NVIDIA, and AMD. Why old GPUs are still commanding premium prices The AI industry faces acute shortages of new NVIDIA GPUs, creating a bottleneck that has rippled through every major cloud provider. Oracle’s strategy effectively exploits a temporary supply-demand mismatch. Customers who locked in GPU capacity years ago at lower rates are discovering that walking away from those contracts means entering a market where replacement capacity may not exist at any price. Renewing at a 20% markup suddenly looks like a bargain compared to the alternative of losing access entirely. Oracle raises its financial outlook Buoyed by these results, Oracle raised its full-year FY2027 revenue guidance to at least $90 billion. That represents 34% year-over-year growth. The company also lifted its non-GAAP earnings per share outlook to $8.10.

The Wall Street firm maintains its Overweight rating as Bitmine's pivot to ETH accumulation reshapes how analysts value the stock Cantor Fitzgerald has more than doubled its price target on BitMine Immersion Technologies, lifting …

The Wall Street firm maintains its Overweight rating as Bitmine's pivot to ETH accumulation reshapes how analysts value the stock Cantor Fitzgerald has more than doubled its price target on BitMine Immersion Technologies, lifting its view from $30.60 to $63.60 while keeping an Overweight rating on the stock. The revision, dated September 10, 2026, lands at a moment when the company looks considerably different from the immersion-mining outfit it once was. BitMine shares were trading near $24.20 when the note hit, meaning the new target implies roughly 163% upside from that level. Gloria Ask anything about any stock — Gloria Finance gives you a complete, data-backed answer in seconds. Ask Gloria → From mining rigs to Ethereum treasury BitMine Immersion Technologies began life as a company focused on liquid-immersion cooling for crypto mining hardware. The company now holds approximately 5.93 million ETH as a core treasury asset, a position it has been building through public-market capital raises. The effect of that shift is straightforward: BMNR stock has effectively become a leveraged proxy for Ethereum’s price movements. When ETH rises, BitMine’s treasury swells in dollar terms, and the stock tends to amplify that move. When ETH falls, the reverse applies, with extra force. Advertisement Beyond simply holding ETH, the company is exploring staking and validator initiatives, which would allow its treasury to generate yield rather than sitting passively. What Cantor’s analysts are seeing The firm’s note did not exist in isolation. Cantor Fitzgerald simultaneously adjusted price targets for other crypto-adjacent equities, including Sharplink Gaming, suggesting a broader re-rating of the sector rather than a single-company call. The central call from Cantor’s analyst is that the current crypto bear market drawdown is likely to find a floor around October 2026. The caveat offered was that near-term volatility remains possible. Cantor’s $63.60 target also stands well above the consensus. Across multiple analyst firms, the average price target on BMNR currently sits at $46.80. That means Cantor is roughly 36% more bullish than the street average. Shares rose about 8% in the session following the note’s release, a move that coincided with a broader rally in Ethereum prices. The risk embedded in the strategy The ETH treasury model carries structural risk that standard equity investors may not be accustomed to underwriting. Unlike a company that sells software or hardware and generates cash flow from operations, BitMine’s balance sheet health is directly tethered to crypto market conditions. A sustained decline in Ethereum’s price would erode the treasury value, potentially complicating the company’s ability to raise capital on favorable terms. There is also the concentration question. Holding 5.93 million ETH is a substantial single-asset exposure. Diversification is not part of this thesis, by design. The staking and validator work offers a partial offset. Generating yield from the treasury means the company is not entirely dependent on price appreciation to justify its existence. But staking returns are denominated in ETH, which means the yield itself is subject to the same price risk as the principal.

The exchange operator's $100 million bet on Kraken parent Payward is building the infrastructure for blockchain-based equities that actually come with legal ownership. Nasdaq isn’t just talking about putting stocks on the blockchain anymore. …

The exchange operator's $100 million bet on Kraken parent Payward is building the infrastructure for blockchain-based equities that actually come with legal ownership. Nasdaq isn’t just talking about putting stocks on the blockchain anymore. It’s writing nine-figure checks to make it happen. Nasdaq Ventures invested $100 million in Payward, the parent company of crypto exchange Kraken, at a $21 billion valuation. The goal: launch Nasdaq Equity Tokens, or NETs, in the second quarter of 2027, giving shareholders the same voting rights, governance protections, and legal standing they’d get from holding traditional shares. Gloria Close the app — Gloria Finance keeps watching. Set a monitor and hear back only when something material changes. Set a monitor → What Nasdaq is actually building NETs are designed as blockchain-based representations of stocks listed on Nasdaq. They’ll support 24/7 trading and on-chain settlements, meaning markets wouldn’t shut down at 4 PM Eastern or take two days to finalize a trade. The critical design choice here is what Nasdaq calls an “issuer-sponsored” model. Public companies will maintain control over their ownership records and corporate governance. If you hold a NET, you’re not holding a derivative or a synthetic wrapper that roughly tracks a stock’s price. You hold the real thing, with the legal rights attached. Most existing tokenized stock products are synthetic, meaning you’re essentially holding a financial contract that mirrors a stock’s price movement. You don’t get to vote at shareholder meetings. You don’t have a direct claim on company assets. Advertisement Nasdaq President Tal Cohen and Payward Co-CEO Arjun Sethi have both emphasized building a transparent and trustworthy market environment, one where the token and the underlying security are functionally identical from a legal standpoint. The Kraken connection Payward’s xStocks platform will serve as the primary infrastructure for distributing these digital assets. The partnership between Nasdaq and Payward traces back to a March 2026 announcement that outlined their collaboration on distributing tokenized stocks internationally. The September 2026 investment effectively deepens that relationship from a commercial partnership into a strategic alignment backed by serious capital. Nasdaq isn’t just licensing its brand to a crypto platform. It’s funding the buildout of the technology stack that will power its own tokenized equity offering. Why the ONDO comparison keeps coming up The original source material drew a pointed contrast between Nasdaq’s approach and Ondo Finance, one of the most prominent names in the tokenized asset space. The argument is straightforward: ONDO token holders don’t have a claim on the collateral backing Ondo’s products or on the fees the protocol generates. The token has declined in value, and Nasdaq’s NETs could grow the tokenized stock market without it. Nasdaq’s model sidesteps that dynamic entirely. There’s no intermediary governance token between the investor and the underlying equity. The token is the equity. Regulatory groundwork Nasdaq filed a proposal with the SEC in September 2025 to facilitate tokenized trading, laying the regulatory groundwork more than a year before committing capital to the initiative. What this means for markets If NETs launch on schedule in Q2 2027, they would represent one of the first instances of a major exchange operator offering blockchain-native versions of its own listed stocks with full shareholder rights. Settlement times could collapse from the current T+1 standard to near-instant finality on-chain. Round-the-clock trading would eliminate the artificial constraints of market hours. For institutional investors, on-chain settlement introduces programmability. Dividend distributions, corporate actions, and proxy voting could all be automated through smart contracts, reducing the overhead that custodians and transfer agents currently manage.

Binance just hit a two-year high in Bitcoin reserves, which sounds alarming until you look at what exchange balances actually predicted about price all summer long. The professional research desk has always been the …

Binance just hit a two-year high in Bitcoin reserves, which sounds alarming until you look at what exchange balances actually predicted about price all summer long. The professional research desk has always been the part of Wall Street that retail investors could not buy. AlphaSpace by Yahoo Finance opens one for $39.95 a month , and the first seven days cost nothing.1 (Sponsor) This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Binance’s Bitcoin (CRYPTO:BTC) reserves have climbed to their highest level in two years, a move that might normally be read as a warning for BTC. More Bitcoin sitting on an exchange can suggest investors are preparing to sell, but Santiment argues that exchange balances offered little useful direction throughout the summer. We look at why Binance’s holdings have risen, what Santiment found in exchange data over the summer, and whether the latest move points to selling pressure or something else. Why did Binance’s Bitcoin Reserves Hit a Two-year High? smolaw / Shutterstock.com Binance’s Bitcoin balance rose by about 77,000 BTC since late April, pushing its total reserves above 693,000 BTC. Darkfost’s data, cited by WuBlockchain, puts Binance’s holdings at their highest level in two years and roughly 30% of the Bitcoin held across major exchanges. The increase began after Binance’s SAFU fund announced plans to acquire around 15,000 BTC as part of a $1 billion allocation, with those purchases going directly into Binance’s holdings. At the same time, some Bitcoin holders moved coins from self-custody devices to exchange wallets for security after the ColdCard hardware wallet incident. That shift can increase an exchange’s reported reserves without showing that those holders intend to sell. Binance’s increase looks unusually large when compared with the broader exchange market. CryptoQuant tracked Binance’s reserves rising from roughly 616,000 BTC in April to about 667,500 BTC by mid-August. Darkfost’s more recent figures, cited by WuBlockchain, put the balance at 693,000 BTC by early September. Across all exchanges, the increase has been smaller. Santiment’s data shows that the total Bitcoin supply held on exchanges has risen by about 45,000 BTC since May. Binance added roughly 77,000 BTC during that period, meaning a large share of the Bitcoin moving onto exchanges ended up in Binance wallets this summer. Why did Exchange Balances Fail to Predict Bitcoin’s moves? Zoran Pucarevic / Shutterstock.com Bitcoin held on centralized exchanges increased by around 45,000 BTC, or about 3%, between May 11 and September 8, according to Santiment. Over the same period, Bitcoin’s price moved much more sharply, trading near $81,700 in May before falling to $58,562 by June 30 and recovering to roughly $79,000 by early September. That put the move from the June low to the early September price near 40%, while exchange-held Bitcoin stayed within a band of about 54,000 BTC, or roughly 4% of the total supply held on exchanges. The numbers show why exchange balances offered little help in predicting Bitcoin’s moves this summer. Santiment described exchange balances as a widely tracked metric that failed to provide a useful signal during the period. Exchange-held supply fell from about 1.337 million BTC on June 12 to 1.304 million by July 28, a decline of roughly 33,000 BTC. Normally, traders could read that decline as bullish because fewer Bitcoins on exchanges means fewer coins readily available for sale. Bitcoin continued falling through most of that period and reached its June 30 low anyway. The same problem appeared when exchange reserves recovered. Supply climbed back to about 1.332 million BTC by mid-August, recovering 84% of the earlier decline. Traders could have interpreted the increase as bearish because more Bitcoin was available on exchanges, yet Bitcoin held roughly flat and later recovered. ETF buying also helps explain why exchange balances can miss important sources of demand. Santiment has noted that spot Bitcoin ETF issuers largely acquire coins through over-the-counter deals with miners and existing large holders. Those transactions do not pass through public exchange addresses, so ETF demand can remain strong even when exchange balances show little change. Will Binance’s Bitcoin Reserve Surge Affect BTC Price? Binance’s reserve surge puts more Bitcoin on one heavily used exchange, but the increase does not, by itself, show those coins are about to be sold. ColdCard-related transfers and SAFU’s purchase program account for a meaningful share of the 77,000 BTC added to Binance, offering explanations separate from selling plans. At the same time, Santiment’s summer data shows that exchange balances across the market did not consistently track Bitcoin’s price, so Binance’s latest reserve increase needs the same careful reading. Binance holding more Bitcoin than it has in two years is therefore worth tracking alongside stablecoin supply, derivatives open interest and ETF flows. Those measures can provide more context around why Bitcoin is moving onto exchanges and whether traders are preparing to sell. A Binance reserve increase on its own does not provide enough information to forecast Bitcoin’s next price move. Contact [email protected] for any questions or corrections.

The post Bitcoin Price Prediction: We Asked ChatGPT and Grok Where BTC Trades by the End of September appeared first on 24/7 Wall St.. Bitcoin (CRYPTO: BTC) trades around $79,000 today after climbing from …

The post Bitcoin Price Prediction: We Asked ChatGPT and Grok Where BTC Trades by the End of September appeared first on 24/7 Wall St.. Bitcoin (CRYPTO: BTC) trades around $79,000 today after climbing from $63,531 on August 11 to a September 3 high of $82,283.… The post Bitcoin Price Prediction: We Asked ChatGPT and Grok Where BTC Trades by the End of September appeared first on 24/7 Wall St..Bitcoin (CRYPTO: BTC) trades around $79,000 today after climbing …

The post AI Just Cut the Cost of Cracking Bitcoin’s Encryption in Half. Is Q-Day Getting Closer? appeared first on 24/7 Wall St.. Bitcoin (CRYPTO: BTC) is trading around $79,000, but the more important …

The post AI Just Cut the Cost of Cracking Bitcoin’s Encryption in Half. Is Q-Day Getting Closer? appeared first on 24/7 Wall St.. Bitcoin (CRYPTO: BTC) is trading around $79,000, but the more important number for Bitcoin’s long-term future may have nothing to… The post AI Just Cut the Cost of Cracking Bitcoins Encryption in Half. Is Q-Day Getting Closer? appeared first on 24/7 Wall St..Bitcoin (CRYPTO: BTC) is trading around $79,000, but the more important…

The post What Is the Best Crypto to Buy Right Now: XRP or Bitcoin? appeared first on 24/7 Wall St.. XRP (CRYPTO:XRP) is trading around $1.35, while Bitcoin (CRYPTO:BTC) is around $77,000. XRP remains …

The post What Is the Best Crypto to Buy Right Now: XRP or Bitcoin? appeared first on 24/7 Wall St.. XRP (CRYPTO:XRP) is trading around $1.35, while Bitcoin (CRYPTO:BTC) is around $77,000. XRP remains about 65% below its January 2018 record of $3.84, while Bit… The post What Is the Best Crypto to Buy Right Now: XRP or Bitcoin? appeared first on 24/7 Wall St..XRP (CRYPTO:XRP) is trading around $1.35, while Bitcoin (CRYPTO:BTC) is around $77,000. XRP remains …

A crypto-billionaire has made a record £36million donation to Reform. Ben Delo, the co-founder of a crypto trading platform, said he wants Nigel Farage’s party to have a ‘fair fight’ at the next general …

A crypto-billionaire has made a record £36million donation to Reform. Ben Delo, the co-founder of a crypto trading platform, said he wants Nigel Farage’s party to have a ‘fair fight’ at the next general election. Mr Delo was already Reform’s second-largest donor and said he made the new gift following a difficult summer for Reform, as he believes ‘they should spend less time trying to raise funds’ and concentrate on preparing for government. Mr Farage’s party is currently under investigation by Scotland Yard over separate claims it has breached donation law. Last week, a Channel 4 undercover sting alleged that two senior members of Mr Farage’s team had sought to circumvent the rules on foreign donations. Reform denies any wrongdoing. The previous record donation of £10million was bequeathed to the Conservatives. Mr Delo had given Reform £8m in the past, behind only a £9m donation by fellow crypto-king Christopher Harborne. A £5m gift from Thai-based Mr Harborne to Mr Farage is the subject of a parliamentary sleaze inquiry. Ben Delo, the co-founder of the crypto trading platform BitMEX, said he donated a record £36million to Reform because he wants them to have a 'fair fight' in the next general election Nigel Farage (pictured on September 6, 2026) said he was 'honoured' and 'humbled' by the gift The Reform leader initially said it was to pay for security for the rest of his life before later suggesting it was a ‘reward’ for his years of Brexit campaigning. He called this summer’s farcical Clacton by-election in a bid to draw a line under the scrutiny. But the investigation restarted after he retained the seat. All other major parties refused to take part in the ballot, leaving comedy candidate Count Binface as Mr Farage’s main challenger. The record gift means Reform has now raised five times as much as the Conservatives and six times as much as Labour this year alone. Mr Delo made his first billion just four years after founding his crypto firm, BitMEX, in 2014. He pleaded guilty to failing to implement an anti-money laundering programme in the US in 2022 but was pardoned by President Donald Trump last year. ‘Unlike the people who express mock concern for the health of “our democracy” while doing everything they can to keep it as a cartel, I want a fair fight and a level playing field,’ he told The Telegraph last night. He pledged £36million to the party after vowing to give Reform £1million a month between now and the latest possible general election date in 2029. But, he said, he would gift it in one go to defy any Government bid to block the donations. It comes after Labour put a cap of £100,000 on donations political parties could receive from overseas donors. Join the discussion Should wealthy donors be allowed to shape political parties and influence elections with huge gifts? Mr Delo says he wants Reform to be able to focus on preparing for government rather than focusing on fundraising Mr Delo, who recently moved back to the UK from Hong Kong as a result, took a swipe at the move, as well as further reform on party funding in Labour’s Representation of the People Bill. He lambasted it as ‘an attempt at election rigging’, adding that Labour’s millions from unions would be unaffected. Mr Farage said he was ‘honoured’ and ‘humbled’ by the gift. The money, it is understood, will be used to allow Reform to recruit ‘the best brains’ to its policy unit and expand the number of campaign managers it has. ‘This is about preparing for government,’ said a senior party source, with Reform convinced Prime Minister Andy Burnham is set to call an early election. A Labour Party spokesman said: ‘Nigel Farage is still up to his neck in scandal over his secret £5million “gift” from his other crypto-billionaire backer and the criminal investigation into potentially illegal donations. The questions he faces aren’t going away – in fact they’re piling up. ‘Reform UK can’t buy their way out of questions about sleaze, criminal mates and dodgy finances. ‘It’s time Farage and Reform finally came clean with the public, co-operated fully with the police, and proved they’re not just in it for themselves.