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The government’s Rwanda plan, devised to tackle illegal migration, has been dismissed by the Supreme Court, ending over 18 months of legal battles in the UK.

Lord Reed announced the “unanimous” judgment from the court’s justices on Wednesday, saying those sent to the country would be at “real risk” of being returned home, whether their grounds to claim asylum were justified or not – breaching international law.

Politics live: PM ‘prepared to change law’ – and will hold news conference today

While charities celebrated the decision as “a victory for humanity”, Rishi Sunak said the judgment was “not the outcome we wanted”.

But he appeared to double down on the policy, telling the Commons he was “prepared to change laws and revisit… international relationships” if they were “frustrating” his plans.

The new Home Secretary James Cleverly announced the government planned to change its agreement with Rwanda into a treaty, with extra clauses to stop asylum seekers from being returned home, in the hope of settling the court’s concerns.

However, shadow home secretary Yvette Cooper accused the government of “more of the magical thinking”.

More on Rishi Sunak

Mr Sunak will hold a press conference at 4.45pm where he is sure to face questions on both the ruling and his future plans, as well as brewing anger on his backbenches over the impact of international human rights laws on his policies.

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Rishi Sunak says he is prepared to ‘change laws’ and the government will do ‘whatever it takes’ to stop the boats.

The Rwanda scheme, which would see those arriving in the UK illegally – including via small boats – deported to the east African nation, was first put forward by Boris Johnson in April 2022.

Successive prime ministers all claimed the policy would act as a deterrent to those seeking to cross the Channel, as well as help to break up people-smuggling gangs.

But critics consistently called the proposal “inhumane”, and the plan was dubbed a “gimmick” by political opponents.

An injunction from the European Court of Human Rights stopped the first flight to Rwanda from taking off in June last year and the scheme has been embroiled in litigation ever since, meaning no asylum seekers have yet been deported to the country.

Explainer: Everything you need to know about the Rwanda plan

Delivering the Supreme Court’s ruling on Wednesday, Lord Reed said there were “serious and systematic defects in Rwanda’s procedures and institutions for processing asylum claims”, including a “lack of legal representation” and risks that judges and lawyers “will not act independently of the government”.

The justice also said there was a “surprisingly high rate of rejection of asylum claims from certain countries in known conflict zones”, including Syria and Yemen, which many people coming to the UK may originate from.

He pointed to an “apparent inadequacy of the Rwandan government’s understanding of the requirements of the Refugee Convention”, specifically that under the United Nations agreement, asylum seekers had to be protected from “refoulement” – being sent back to their country of origin – and there was evidence the country had failed to comply with this when it signed a similar deal with Israel.

And while he accepted the deal had been “entered into… in good faith”, the evidence showed “there is a real risk that asylum claims will not be determined properly, and that asylum seekers will therefore be at risk of being returned directly or indirectly to their country of origin”.

Lord Reed said changes to eliminate that risk “may be delivered in the future”, and he underlined that the Supreme Court’s decision was a “legal question” based on international law – including the European Convention on Human Rights and various UN treaties – with the court “not concerned with the political debate” about the scheme.

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After the ruling, Mr Sunak pointed to what he saw as the positives – namely that the court “confirmed that the principle of sending illegal migrants to a safe third country for processing is lawful”.

Speaking at Prime Minister’s Questions, he sought to reassure his own MPs that he remained committed to the Rwanda plan, telling them: “The government has already been working in advance on a new treaty with Rwanda which we will finalise in light of today’s judgment to address the challenges that were raised.

“But let me say this again, if it becomes clear that our domestic legal frameworks or international conventions are still frustrating plans at that point, I am prepared to change laws and revisit those international relationships.

“The British people expect us to do whatever it takes to stop the boats and that is precisely what this government will deliver.

But Labour leader Sir Keir Starmer pointed to the prime minister’s pledge in January that he would “stop the boats” by the end of the year, adding: “He has wasted all of his time on a gimmick and now he is absolutely nowhere.

“[He needs to] level with the British public and finally admit he’s failed to deliver on his promise.”

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Rwanda ruling ‘massive blow’ to PM

The ruling is now likely to reignite a row in the Conservatives over the UK’s future as a signatory of international human rights agreements – something the now ex-home secretary Suella Braverman has railed against.

MPs on the right of the party have been calling on the UK to exit or attempt to work around the European Human Rights Convention (EHRC), arguing the final say on government policy should be made in the British parliament rather than abroad.

One faction, called the New Conservatives, have been meeting this morning to discuss their next steps, and the party’s deputy chairman, Lee Anderson, said ministers should “ignore the law” and start sending asylum seekers to Rwanda anyway.

In her blistering letter to Mr Sunak after she was sacked earlier this week, Ms Braverman pre-emptively pinned the blame on the prime minister for the immigration policy she was charged with implementing falling in the courts, accusing him of not having a “plan B” to push forward.

Tweeting after the ruling, the former minister called for “emergency legislation” to “block” legal challenges, saying it would “give parliament a clear choice – control illegal migration or explain to the British people why they should accept ever greater numbers of illegal arrivals settling here”.

However, many in the party believe it is right to remain part of the agreements that protect human rights, standing alongside international allies.

Meanwhile, refugee charities celebrated the ruling, with the CEO of the Refugee Council, Enver Solomon, calling it “a victory for the rights of men, women and children who simply want to be safe”.

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‘Ruling is reminder no one is above the law’

The chief executive of ActionAid UK also said the court’s decision came as a “huge sigh of relief”, as well as a vindication of “British values of compassion and dignity”.

And CEO of charity Choose Love, Josie Naughton, added: “Today’s decision is a moment of moral accountability.

“It shows the government cannot shirk its international obligations. Britain has a duty and legal responsibility to offer protection to refugees.”

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French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

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French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported.

According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed.

France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks.

“These repeated kidnappings of professionals in the crypto sector will be fought with specific tools, both immediate and short-term, to prevent, dissuade and hinder in order to protect the industry.”

Law enforcement officers will also undergo “anti-crypto asset laundering training,” Retailleau noted.

Retailleau met with several local leaders from the crypto industry to discuss the measures following three crypto-related kidnapping incidents in recent months.

Two kidnappings and a failed attempt in France this year

The latest incident occurred on May 13, when assailants attempted to abduct the daughter and grandson of Pierre Noizat, CEO of the French crypto platform Paymium. Fortunately, they managed to fend off the attack, which occurred in broad daylight. 

The assailants tried to force the pair into a waiting van, but Noizat’s daughter managed to take one of the guns off an assailant and throw it away, local police said.

On May 3, Paris police freed the father of a crypto entrepreneur who was held for several days in connection with a 7 million euros ($7.8 million) kidnapping plot.

Related: SEC hacker sentenced to 14 months in prison

In January, the co-founder of crypto hardware wallet provider Ledger, David Balland, was abducted from his home in central France during the early hours of Jan. 21. He was held captive until a police operation on the night of Jan. 22 secured his release.

Retailleau said earlier this week that he believes the incidents were likely connected.

There have been over 150 crypto-related robbery or kidnapping incidents since 2014, with 23 of those incidents occurring in 2025 alone, according to a GitHub database maintained by Bitcoin cypherpunk Jameson Lopp.

Lopp noted many of these criminals typically identify future victims through social media posts, public conversations, meetups, and conferences.

He strongly advises against peer-to-peer trades — particularly with people you don’t trust — flaunting wealth on social media and wearing crypto-branded clothing.

Magazine: Binance Wallet ‘killing’ MetaMask and airdrops, Chinese RWA tokens

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Bitcoin breaks out while Coinbase breaks down: Finance Redefined

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Bitcoin breaks out while Coinbase breaks down: Finance Redefined

Bitcoin breaks out while Coinbase breaks down: Finance Redefined

News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams.

While less than 1% of Coinbase’s active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, as the exchange pledged to repay all phishing attack victims.

Despite the attack on the world’s third-largest cryptocurrency exchange, investor sentiment remains optimistic, with the Fear & Greed Index remaining firmly in the “Greed” zone above 69, according to CoinMarketCap data.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Fear & Greed Index, 30-day chart. Source: CoinMarketCap

Adding to investor optimism, Coinbase saw over $1 billion worth of Bitcoin withdrawn on May 9, marking the highest net outflow recorded in 2025 so far, triggering analyst predictions of a supply-shock driven Bitcoin rally.

Coinbase faces $400 million bill after insider phishing attack

Coinbase was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said on May 15.

Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data.

“These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected.

Less than 1% of Coinbase’s monthly transacting users’ data was affected by the attack, the company said.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Source: Coinbase

After stealing the data, the attackers attempted to extort $20 million worth of Bitcoin (BTC) from Coinbase in exchange for not disclosing the breach. Coinbase refused the demand.

Instead, the company offered a $20 million reward for information leading to the arrest and conviction of those responsible for the scheme.

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$1 billion Bitcoin exits Coinbase in a day as analysts warn of supply shock

Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9.

On May 9, Coinbase saw 9,739 Bitcoin, worth more than $1 billion, withdrawn from the exchange, the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.

“Institutional appetite for Bitcoin is accelerating,” Dragosch added in a May 13 X post.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Source: André Dragosch

The outflow occurred as Bitcoin traded above $103,600 and just days after the White House announced a 90-day reduction in reciprocal tariffs between the US and China, easing market concerns and lifting broader investor sentiment.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Joint statement on US-China meeting in Geneva. Source: The White House

The 90-day suspension of additional tariffs removed the risk of “sudden re-escalation,” which may help Bitcoin, altcoins and the wider stock market rally due to improved risk appetite, Nansen’s principal research analyst, Aurelie Barthere, told Cointelegraph.

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DeFi lender Aave reaches $40 billion in value locked onchain

Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.

In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has about $40 billion in TVL.

Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers. 

“With these milestones, Aave is proving its dominance in the Lending Space,” DeFi analyst Jonaso said in a May 12 X post. TVL represents the total value of cryptocurrency deposited into a protocol’s smart contracts. 

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Aave v3’s TVL over time. Source: DefiLlama

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SEC delays Solana ETF as decisions for Polkadot, XRP loom

The US Securities and Exchange Commission (SEC) pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June.

The SEC delayed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Delay on Grayscale’s Solana ETF. Source: SEC

The decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Source: James Seyffart

Spot ETFs are key drivers of liquidity and institutional adoption for digital assets. For Bitcoin, the US spot Bitcoin ETFs accounted for an estimated 75% of new investment after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for trading.

While a Solana ETF may generate only a fraction of the inflows of Bitcoin ETFs, it could increase Solana’s institutional adoption in the long term by offering investors a “regulated investment vehicle” that may still attract billions of dollars in capital, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.

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Starknet hits “Stage 1” decentralization, tops ZK-rollups for value locked

Ethereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked.

Starknet said in a news release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which means the network operates with limited oversight or “training wheels.”

Starknet added that the framework was the “gold standard onchain tool for analyzing Ethereum scaling solutions,” and said it achieved the milestone through changes such as creating a security council and censorship-avoidance mechanisms. 

While the system still allows intervention from a security council, it has implemented a fully functional validity proof system governed by smart contracts.

Starknet is now the only layer-2 ZK-rollup network to have reached Stage 1 and has grown to be the largest ZK-rollup blockchain with a total value locked of $629 million, just ahead of ZKsync’s $610 million, according to L2beat. 

Starknet is the fifth-largest layer-2 network by value locked, with the top four all Optimistic rollup-based, having reached Stage 1 decentralization using fraud proofs. 

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DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

Solana-based memecoin Dogwifhat (WIF) rose over 43% as the week’s biggest gainer, followed by decentralized exchange Raydium’s (RAY) token, up nearly 19% over the past week.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

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MPs criticise terminally ill Esther Rantzen’s assisted dying intervention

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MPs criticise terminally ill Esther Rantzen's assisted dying intervention

Terminally ill journalist Dame Esther Rantzen was branded “disrespectful” and “insulting” by MPs during a debate on the assisted dying bill.

The broadcaster and Childline founder wrote to all MPs ahead of Friday’s Commons’ debate urging them to vote for what she called a “crucial reform”.

MPs were voting on amendments made to the bill – the report stage – following months of a committee going line by line through it after being introduced last year by Labour MP Kim Leadbeater.

The bill says people with six months to live who have the mental capacity can request medical assistance to legally end their life.

Dame Esther, who has stage four lung cancer, suggested many MPs who opposed the bill have “undeclared personal religious beliefs which mean no precautions would satisfy them”.

Campaigners opposing the assisted dying legislation demonstrate outside the Palace of Westminster.
Pic:PA
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Campaigners opposing the legislation demonstrated outside parliament. Pic: PA

However, in a highly charged Commons session, some MPs took umbrage with that.

Labour MP Florence Eshalomi, who is a Christian and voted against the bill the first time, told the Commons: “This is frankly insulting to disabled people, hard working professionals up and down the country, who have raised many valid concerns about this bill, to have it dismissed as religious beliefs.”

Jess Asato, a Labour MP who, as a child, cared for her grandmother with serious health problems, said Dame Esther “accused those of us who have concerns about the bills as having undeclared religious beliefs”.

“Many colleagues found this distasteful and disrespectful,” said the MP, who previously voted against the bill.

Health Secretary Wes Streeting, who voted against the bill last year, backed Ms Asato’s criticism as he retweeted her X post saying Dame Esther’s comment about faith was “particularly distasteful”.

Ms Asato’s Commons comment was met with agreement by many MPs who said: “Hear, hear.”

Read more:
What is in the assisted dying bill?
Requirement for High Court judge scrapped

Pro-assisted dying campaigners outside Parliament on the eve of the latest debate. Pic: AP
Image:
Pro-assisted dying campaigners outside parliament on the eve of Friday’s debate. Pic: AP

‘Clumsy criticism’

Conservative MP Dr Kieran Mullan said there had been some “unhelpful remarks by high profile campaigners”, and while he is not religious he was “concerned to see a clumsy criticism” that those objecting to the bill are doing so because of their “religious beliefs”.

In a dig at Dame Esther’s comments, Rebecca Paul, Tory MP for Reigate, said she is not against assisted dying “in principle” but is against the bill – and wanted to put on the record: “I have no personal religious beliefs.”

The debate saw some MPs on the verge of tears as they described their own experiences of having debilitating conditions, or having family members in pain.

MPs do not have to vote along party lines for the bill.

Kim Leadbeater MP defends changes to Assisted Dying Bill
Image:
Kim Leadbeater is the MP who introduced the bill

How did MPs vote?

An amendment tabled by Ms Leadbeater, which “expands the protection” for medical practitioners to clarify they have “no obligation” to be part of an assisted death was passed by MPs.

It also provides legal protections for medical professionals to ensure they are not subject to any kind of punishment for refusing to carry out an assisted death.

Another new clause to allow employers to impose a blanket ban on staff facilitating an assisted death was rejected.

Since the bill was first introduced, there have been significant changes, including the replacement of a High Court judge to sign assisted dying off by a three-member expert panel – on top of two doctors having to approve.

The time at which assisted dying would come into effect was doubled to four years from when it becomes law, if voted through.

Medical colleges pull support

Opponents have argued the bill does not have enough safeguards and is being rushed through.

Three days before the debate, the Royal College of Psychiatrists pulled its support for the bill over the change that will mean a psychiatrist must be on the panel that decides if someone can die.

The next day, the Royal College of Physicians (the largest college) adopted a similar position.

However, supporters argue it is time to change the law, with Ms Leadbeater saying: “If we do not vote to change the law, we are essentially saying that the status quo is acceptable.”

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