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The Conservatives could be in danger of losing more than a dozen seats in their so-called “blue wall” heartlands, a new poll suggests.

YouGov found that voting intention in 53 such constituencies in the south and east of England currently held by the party stood at 44% for the Conservatives, 24% for Labour, 18% for the Liberal Democrats and 9% for the Greens.

“The Conservatives could be set to lose up to 16 seats in their ‘blue wall’ heartlands if an election was held tomorrow,” research manager Patrick English said.

He said the voting intention figures represent “a change of minus eight for the Conservatives from their 2019 performance in these constituencies, plus four for Labour, a surprising six-point drop for the Liberal Democrats, and a sizable seven-point gain for the Greens”.

Mr English added: “The Conservatives are falling almost twice as fast in the blue wall as they are nationally, with the latest YouGov poll showing them five points down on their 2019 general election showing.”

Those surveyed for the research expressed concerns about the government’s handling of Brexit and the need for people to have their say on local housing developments.

All of the seats voted Remain in the 2016 EU referendum and have a higher-than-average concentration of university degree holders.

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Boris Johnson currently has a Commons majority of more than 80, with the Tories taking a number of traditional Labour “red wall” constituencies in 2019 on the way to the party’s best election result in decades.

That success means the party would have to lose a number of seats elsewhere, in addition to any “blue wall” reverses, in order to see its status as the largest party in parliament evaporate.

Some have suggested the prime minister has been preoccupied with shoring up Tory support in the former Labour heartlands it now holds, at the expense of traditional Conservative constituencies.

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Greenbelt worried over PM’s planning reforms

Others say such talk is wide of the mark, but the result of the recent Chesham and Amersham by-election offers potential evidence there could be something in such claims of cracks in the “blue wall”.

YouGov said its findings suggest that particular result was “no isolated incident”.

The Conservatives won the seat at the last general election in 2019 with a majority of more than 16,000.

But this was overturned by the Liberal Democrats, who won the constituency by 8,028 votes in what was a stunning result.

“If the swings were uniform across all constituencies, Labour would be set to gain a total of nine blue wall seats and the Liberal Democrats three,” Mr English said.

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Liberal Democrats take by election seat

“While it would not be anywhere near enough to offset the party’s losses in the so-called red wall in 2019, Labour punching holes in traditional Tory foundations will send alarm bells ringing across Conservative Associations and MPs in the south.”

YouGov said its findings suggest that constituencies such as Chingford and Woodford Green (represented by former cabinet minister and party leader Iain Duncan Smith), Chipping Barnet (currently held by former cabinet minister Theresa Villiers) and Wycombe (represented by prominent Brexiteer and former minister Steve Baker) could change hands.

“A large drop in the Conservative vote share would also severely threaten four other Tory constituencies, including current Foreign Secretary Dominic Raab in Esher and Walton as well as Cambridgeshire South, Cities of London and Westminster, and Guildford,” Mr English said.

YouGov polled 1,141 adults between 20 and 28 July.

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Wemade rallies partners for KRW stablecoin push after years of setbacks

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Wemade rallies partners for KRW stablecoin push after years of setbacks

Blockchain gaming company Wemade is pushing for a Korean won-based stablecoin ecosystem, forming a Global Alliance for KRW Stablecoins (GAKS) with Chainalysis, CertiK and SentBe as founding partners. 

Wemade announced that the alliance will support StableNet, a dedicated mainnet for Korean won-backed stablecoins, with publicly released code and a consortium model that aims to meet institutional and regulatory requirements. 

Within the partnership, Chainalysis will integrate threat detection and real-time monitoring, while CertiK will handle node validation and security audits. 

Money transfer company SentBe will contribute licensed remittance infrastructure across 174 countries. This allows the KRW stablecoin initiative to operate within South Korea’s regulated digital asset ecosystem. 

The launch marks a coordinated effort from Wemade to reposition itself as a long-term infrastructure builder after years of setbacks, including token delistings and a bridge hack that undermined investor confidence. 

Source: Wemix

Wemade’s rocky road and stablecoin pivot

Wemade’s push into stablecoin infrastructure follows a turbulent seven-year expansion from a traditional gaming studio into one of South Korea’s most ambitious blockchain builders. 

The company launched its blockchain division in 2018 and expanded it from a four-employee team into a 200-person operation. Still, the rapid growth collided with the country’s evolving regulatory landscape, forcing the company to limit its play-to-earn (P2E) offerings to overseas markets. 

Much of the pressure faced by Wemade centered on its native WEMIX token. In 2022, South Korean exchanges delisted the asset, citing discrepancies between its reported and actual supply. This resulted in a price drop of over 70% for the token. 

The token suffered another major blow in 2024, when a bridge exploit resulted in 9 billion won (about $6 million) in losses. The company’s delayed disclosure attracted scrutiny and eroded further investor trust, leading to a second wave of token delistings. 

The stablecoin pivot marks another attempt from Wemade to reset the narrative around the company and reposition its technology toward a more compliant and infrastructure-focused use case. 

In a Korea Times report, the company said that it’s developing a KRW-focused stablecoin mainnet while avoiding becoming the stablecoin issuer itself. It’s positioning itself as a technology partner and consortium builder for other South Korean companies. 

Related: Upbit hit with $36M Solana hot wallet breach day after $10B Naver deal

South Korea’s post-Terra regulatory landscape

The Terra collapse in 2022 continues to cast a shadow over South Korea’s digital asset policy, leaving lawmakers and regulators particularly sensitive to risks associated with stablecoins. 

The Financial Services Commission (FSC) and the Bank of Korea (BOK) have taken uncompromising stances since 2022, pushing for stricter liquidity, oversight and disclosure rules as they work on an upcoming stablecoin framework focused on risk-cointainment. 

The central bank also advocated giving banks a leading role in stablecoin issuance, helping to mitigate risks to financial and foreign exchange stability.

The BOK warned that allowing non-banking institutions to take the lead in stablecoin issuance could undermine existing regulations.