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An MP was prevented from boarding a flight to Canada “because his name was Mohammad”, the Commons has been told.

Mohammad Yasin, the Labour MP for Bedford, was due to fly to Canada last week with a group of other MPs from the Commons Levelling Up, Housing and Communities Committee when he was held back for extra questioning.

Officials from Air Canada asked the MP if he was carrying a knife or any other weapon as well as his place of birth.

The incident was raised by the Labour chair of the committee, Clive Betts, who said he would write to the Canadian high commissioner in the UK about the “racist and Islamophobic nature” of what happened.

Mr Betts told the Commons: “When the committee checked in for their flights at Heathrow, all members got through with the exception of the member for Bedford, who was delayed for questioning for a considerable period.

“He was told it was because his name was Mohammad.”

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Mr Betts added: “He was also asked whether he was carrying a knife, or other offensive weapons, he was also asked where he was born.

“The questioning was undertaken by officials from Air Canada and we believe the Canadian government, and despite him already having been given a visa to enter Canada.

“After proving he was an MP with the help of my committee clerk, he was eventually allowed through.”

Mr Betts said “the same issues” were raised by Canadian immigration at Montreal airport.

“On return at Toronto airport on the way back, he was again challenged and got on his flight with the assistance of my consul general, who was very helpful,” he said.

Mr Betts went on: “He has received apologies from the parliamentary secretary to the Canadian minister for immigration and Air Canada, however, given the racist and Islamophobic nature of these challenges, I believe that it is worth writing to the Canadian high commissioner, which I will do.

“I believe it is important to put these concerns on the parliamentary record. It was completely unacceptable for a member of this house to be treated in this way.

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“But because he was an MP he was allowed on his flight. If, however, he had been one of our constituents who had been so challenged, he might have been refused.

Sir Roger Gale, the deputy speaker replied: “I am sure that the whole House will share the dismay at the treatment of the Member for Bedford.

“It is wholly unacceptable under any circumstances.

“But it is particularly concerning, occurring as it did, in the course of official travel on parliamentary business.”

Sir Roger said he was sure ministers “will also have noticed his comments”.

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XRP ETF debut outshines all 2025 launches with $250M inflows, record volume

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XRP ETF debut outshines all 2025 launches with 0M inflows, record volume

The debut of the Canary Capital XRP exchange-traded fund (ETF) is signaling renewed demand for altcoins, after the fund posted the strongest first-day performance of the more than 900 ETFs launched in 2025.

Canary Capital’s XRP (XRP) ETF closed its first day with $58 million in trading volume, marking the most successful ETF debut of 2025 among both crypto and traditional ETFs, said Bloomberg ETF analyst Eric Balchunas in a Thursday X post

The new fund garnered over $250 million in inflows during its first trading day, surpassing the recent inflows of all other crypto ETFs. 

Part of the reason behind the successful launch was the ETF’s in-kind creation model, according to ETF analyst Nate Geraci.

“A few people asking how it’s possible to have ‘only’ $59mil trading volume, but nearly $250mil inflows… The answer? In-kind creations, which don’t show up in trading volume,” wrote Geraci in a Thursday X post.

Source: Nate Geraci

The in-kind redemption model enables the creation and redemption of ETF shares through the underlying asset, as opposed to cash-only transaction models. In this case, Canary Capital’s ETF shares can be exchanged for XRP tokens.

The US Securities and Exchange Commission (SEC) approved in-kind creation and redemption for cryptocurrency ETFs on July 29, Cointelegraph reported at the time.

SEC, Ethereum ETF, Bitcoin ETF, ETF
SEC press release permitting in-kind creations and redemptions for crypto ETPs. Source: SEC

Smart money traders rotate into XRP longs after ETF debut

The launch of the ETF inspired a bullish rotation among the industry’s most successful traders, as tracked by returns and labeled as “smart money” traders on the crypto intelligence platform Nansen.

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Smart money traders have added $44 million worth of net long XRP positions over the past 24 hours, signaling more upside expectations for the token.

Smart money traders top perpetual futures positions on Hyperliquid. Source: Nansen

The cohort was net long on the XRP token, with a cumulative $49 million, but remained net short on the Solana (SOL) token, with $55 million worth of cumulative short positions on the decentralized exchange Hyperliquid.

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“XRP is holding near $2.30, showing relative stability but still feeling the effects of declining liquidity and cautious investor sentiment,” Ryan Lee, chief analyst at Bitget exchange, told Cointelegraph.

“For now, the setup looks like a healthy reset, not the end of the cycle, with both SOL and XRP well-positioned to lead the next wave once confidence snaps back.”

Spot Bitcoin ETFs saw $866 million worth of negative outflows on Thursday, their second-worst day on record, after the $1.14 billion daily outflows on Feb. 25, 2025, according to Farside Investors.

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