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Two men, including the son of crime boss Thomas 'Bomber' Kavanagh, who were involved in a plot to plant firearms and ammunition in a bid to reduce the crime boss's prison term have been sentenced following a National Crime Agency investigation. Jack Kavanagh, 24, from Tamworth, was extradited to the UK from Spain after his arrest in May 2023 at Malaga Airport by officers from the Spanish National Police as he was transiting from Dubai to Turkey. He was escorted back to the UK by a team of officers from the NCA's Joint International Crime Centre (JICC) in November. Peter Keating, 43, from Dublin, Ireland, was extradited to the UK from Dublin in November to face charges of conspiracy to possess and transfer firearms and conspiracy to pervert the course of justice. He is already serving a prison sentence in Ireland.  Jack Kavanagh Both Kavanagh and Keating were part of a trusted group who obtained guns and ammunition while Kavanagh's dad, Thomas, was on remand for drugs offences. Over the course of 18 months, the men worked with Shaun Kent and Liam Byrne using the encrypted messaging platform Encrochat to source the deadly haul. They hoped that by burying the weapons in countryside in Newry, Northern Ireland, Thomas Kavanagh would be able to lead officers to them and negotiate a lesser sentence for his crimes. In reality, NCA officers had seen their Encrochat conversations and uncovered the role each man had played in the conspiracy. Jack used the handle 'BasilBadger' and 'ThiLive' and had numerous conversations with Liam Byrne and Shaun Kent to obtain firearms for use in the conspiracy and was referred to as 'Junior' in other chats between the two. In one message, Jack indicates the urgency of obtaining the guns due to his dad being in prison: "Pressure in there is another level, 23 hours a day and can't even get on the basher himself. And then waiting on this court date and then waiting on these other yokes [guns]. Madness'. In other messages he asks 'what's d crack wit them other things [firearms] coming' and that 'he [Thomas] requires everything ready once this virus f***** off', and announces a 'big change of plan' to get 14 weapons through two contacts and that 'he [Thomas] wants them passed by this time next week'.

⚡️FBI Conducts Search at Polymarket CEO's Residence The FBI recently executed a search at Polymarket CEO Shayne Coplan’s home, seizing his phone and other electronics. The U.S. Department of Justice is investigating Polymarket for allegedly allowing U.S. users to place bets on the presidential election outcome—a practice considered illegal. While the FBI confirmed it acted under a court warrant, no further details were disclosed. An anonymous Polymarket representative suggested the raid might be politically motivated, noting Polymarket's predictions showed favorable odds for Donald Trump, diverging from traditional public polling.

According to Decrypt, the U.S. Department of Justice seeks to seize approximately $160 million worth of crypto assets related to FTX. After a year-long investigation, the Department of Justice filed a civil forfeiture lawsuit with the court, targeting a Binance account containing SOL, ICP, AVAX, XRP, and ADA, of which SOL accounts for the largest proportion, approximately $85 million.

As the 2024 U.S. presidential race heats up, all eyes are on the likely showdown between Donald Trump and Kamala Harris. Both candidates bring distinct political visions and strategies, which will significantly shape the election’s outcome. Here’s a breakdown of the key elements shaping their campaigns: 1. Trump’s Campaign Economic Vision: Trump continues to focus on his signature “America First” policies, promoting deregulation, lower taxes, and expanding domestic energy production. He is also positioning himself as the leader who will make the U.S. the “crypto capital of the planet” if elected, attracting attention from the crypto community. Foreign Policy: Trump is capitalizing on his non-interventionist stance, focusing on withdrawing U.S. forces from foreign entanglements and renegotiating trade deals that favor American interests. Strong Base: Trump’s appeal to working-class voters, particularly in the Rust Belt states, remains solid. His base is energized, and the idea of a rematch may galvanize voters who feel left behind by traditional politics. Challenges: Trump faces legal battles, and his polarizing presence could motivate higher voter turnout among Democrats and independents. 2. Kamala Harris’s Campaign Policy Agenda: Harris is running on progressive platforms that address social justice, climate change, healthcare reform, and income inequality. She’s also a vocal advocate for economic policies like taxing unrealized capital gains, which has sparked both support and criticism. Crypto Support: Harris is attracting interest from the crypto community as well, notably after accepting crypto campaign donations via Coinbase, signaling her openness to blockchain innovations. Diverse Coalition: Harris’s diverse background and focus on racial and gender equality could rally minority groups, women, and younger voters, making her a symbol of progress for many. Challenges: Harris may struggle to inspire moderate and independent voters who are concerned about the economic implications of progressive policies, particularly around taxation and business regulation. 3. The Wildcard: Economy & Crypto With both candidates having strong opinions on economic and crypto-related policies, the state of the economy in 2024 will heavily influence voter behavior. Trump's promise to boost crypto infrastructure could appeal to libertarians and tech-savvy voters, while Harris's tax proposals might raise concerns among investors. 4. What to Expect? Tight Race: Polls show a neck-and-neck race. Trump’s base is highly motivated, while Harris’s appeal to progressives could bring high voter turnout, especially in key swing states. Debates and Media: The upcoming debates and social media battles will be critical in swaying undecided voters, with each candidate’s handling of economic policies, foreign affairs, and crypto regulations under scrutiny. This election could reshape not just America’s political landscape but its future in the global economy, including the emerging role of cryptocurrency. Keep an eye on how both candidates position themselves in the months leading up to November 2024. from cryptosmith2 ✍️

Tether CEO breaks down reserves backing $ USDT stablecoin The Wall Street Journal cited unidentified individuals as the source of the claims that the United States government is investigating Tether. Tether CEO Paolo Ardoino took the stage at Lugano’s PlanB event in Switzerland and provided a breakdown of the firm’s reserve assets following allegations that Tether was under investigation by the United States Department of Justice and the Treasury. Ardoino revealed that Tether holds about $100 Billion in US Treasuries, more than 82,000 Bitcoin valued at roughly $5.5 billion using current market prices, and 48 tons of gold to back its stablecoin.