Rishi Sunak has called a general election for 4 July, saying “now is the moment for Britain to choose its future”.
In a statement outside Downing Street delivered in the pouring rain, the prime minister said he had met with the King to request the dissolution of parliament.
Mr Sunak said this is “proof that the plan and priorities I set out are working”.
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However, he said “this hard earned economic stability was only ever meant to be the beginning”.
In a rallying cry to the nation he said: “The question now is how and who do you trust to turn that foundation into a secure future for you, your family and our country?
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Sky’s Beth Rigby explains why inflation and boat crossings may have played a part in the timing of the election
“Now is the moment for Britain to choose its future and to decide whether we want to build on the progress we have made or risk going back to square one. With no plan and no certainty.”
Mr Sunak had to contend with New Labour anthem Things Can Only Get Better being played from beyond the gates to Downing Street as he delivered his speech.
In a sign the election will be fought on the economy, the prime minister opened his remarks by harking back to his days as chancellor during the pandemic, saying he served the country while “the future hung in the balance”.
He said that economic stability is “the bedrock of any future success” and accused Labour of having no plan.
Summer election big gamble for Sunak
By Darren McCaffrey, political correspondent
The prime minister, late, increasingly soaked and being drowned out by protesters, confirmed there will be a July election.
Rishi Sunak’s pitch to voters is essentially better the devil you know, stick with me, I have a plan and Labour has no ideas.
“Now is the moment for Britain to choose its future, to decide whether we want to build on the progress we have made or risk going back to square one with no plan and no certainty” he said.
He is hoping that a relatively long campaign, a focus on security, in what he describes as an uncertain world and his economic record will eat into the enormous poll lead Labour have.
It is interesting there was much less focus on migration and small boats.
Sunak admitted mistakes had been made, accepted they had been in power for 14 years but played on lots of voter’s apathy about what Labour’s plans are for government.
This is undoubtedly a massive gamble for the prime minister, no party has ever come back from such a difficult polling situation, but he hopes under scrutiny Labour and Starmer will crumble.
At the moment, most in Westminster think it’s a gamble that will not pay off.
Let the proper campaign begin.
He finished his statement with an attack on his rival for Number 10, Sir Keir Starmer, saying he has “shown time and time again that he will take the easy way out and do anything to get power”.
“If he was happy to abandon all the promises he made to become Labour leader once he got the job, how can you know that he won’t do exactly the same thing if he were to become prime minister?
“If you don’t have the conviction to stick to anything you say, if you don’t have the courage to tell people what you want to do, and if you don’t have a plan, how can you possibly be trusted to lead our country, especially at this most uncertain of times?”
Delivering his own televised statement from central London, Sir Keir said the election is an “opportunity for change” as he tore into the Tories’ record in government.
He pointed to sewage in rivers, people “waiting on trolleys in A&E”, crime going “virtually unpunished” and mortgages and food prices “through the roof”.
“On 4 July you have a choice, and together we can stop the chaos, we can turn the page, we can start to rebuild Britain and change our country,” he said.
If Sir Keir wins the election, it will end 14 years of Conservative governments under five prime ministers.
Lib Dem leader Sir Ed Davey, who is also hoping to make gains the the rural Tory heartlands, said the election is “a chance to kick Rishi Sunak’s appalling Conservative government out of office and deliver the change the public is crying out for”.
What are the rules for calling an election?
Mr Sunak has been saying for months the vote would happen in the “second half of the year” but had refused to set a date.
The assumption was that he would wait until the autumn to give him more time to deliver on his pledges.
However, speculation he could go to the country earlier mounted in Westminster on Wednesday as Cabinet ministers were summoned for an unusually timed meeting, with Defence Secretary Grant Shapps and Foreign Secretary Lord Cameron cutting short trips abroad to attend.
As general elections have to be held every five years, the final day a vote could have taken place was 28 January 2025.
However, the Conservatives in 2019 restored the prime minister’s power to call an election at a time of their choosing within that five years.
The last general election was held in 2019, when Boris Johnson won the Conservatives a landslide over Jeremy Corbyn’s Labour Party.
Since then, there have been two more prime ministers, Liz Truss and Mr Sunak, and the Conservatives’ 80-seat majority has been reduced by a series of by-election losses while their popularity among voters has plummeted.
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Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced.
Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical US states, according to Bloomberg, citing people familiar with the matter. Although no concrete plans have been announced, the conversation surrounding any potential action remains reportedly “fluid.”
The company is also considering partnerships with US-based companies, including asset manager BlackRock and decentralized finance (DeFi) platform World Liberty Financial (WLFI), which is linked to US President Donald Trump, to strengthen its footprint in the country.
Rumors of Binance’s return to the US began to circulate in October after Trump pardoned Zhao, fueled by speculation from crypto industry executives and comments that Zhao made on social media.
“Will do everything we can to help make America the capital of crypto and advance Web3 worldwide,” Zhao said in October after the pardon.
In June 2019, Binance announced that it would stop serving US customers, and a separate company, called Binance.US and operated by BAM Trading Services, was formed to provide regulatory-compliant services to US users.
In 2023, the US Securities and Exchange Commission alleged that Binance Holdings Ltd. operated both Binance.com and BAM Trading Services.
Binance.US does not feature crypto derivatives or access to the global Binance exchange’s liquidity and operates as a completely separate crypto exchange.
Cointelegraph reached out to Binance and Binance.US but did not receive a response by the time of publication.
The US is considered a key market for crypto exchanges and is ranked as the number two for global crypto adoption, according to Chainalysis’ 2025 Global Crypto Adoption Index. Expanding to the US would open up US liquidity to the world’s largest crypto exchange.
Binance claims the top spot among centralized crypto exchanges in terms of trading volume. Source: CoinGecko
Several US lawmakers voice opposition to the CZ pardon and the crypto industry
Trump’s pardon of Zhao in October drew backlash from several Democratic Party lawmakers in the US, including Massachusetts Senator Elizabeth Warren and California Congresswoman Maxine Waters.
Waters said the pardon was a form of pay-to-play and accused Trump of doing political favors for the crypto industry that “helped line his pockets.”
Warren, who is one of the most vocal critics of the crypto industry, also criticized the pardon, characterizing it as “corruption.”
The comments reflect pockets of resistance among some Democratic lawmakers to the crypto industry’s continued expansion in the US and could signal potential opposition to Binance returning to the US.
KuCoin announced an exclusive multiyear deal with Tomorrowland Winter and Tomorrowland Belgium from 2026 to 2028, making the exchange the music festival’s exclusive crypto and payments partner.
The move comes just weeks after KuCoin secured a Markets in Crypto-Assets Regulation (MiCA) service provider license in the European Union.
KuCoin’s MiCA play goes mass‑market
KuCoin EU Exchange recently obtained a crypto asset service provider license in Austria under the EU’s MiCA regime, giving it a fully regulated foothold in the bloc as Brussels’ new rulebook for exchanges, custody and stablecoins comes into force.
The Tomorrowland deal signals how KuCoin plans to use that status, not just to run a compliant trading venue, but to plug crypto rails directly into mainstream culture.
KuCoin joins forces with Tomorrowland. Source: KuCoin
KuCoin said the Tomorrowland deal will cover Tomorrowland Winter 2026 in Alpe d’Huez, France, and Tomorrowland Belgium 2026 in Boom, Belgium, with the same arrangement continuing through 2028.
KuCoin insists this is not just a logo play. A spokesperson at KuCoin told Cointelegraph that as an exclusive payments partner, the exchange is working with Tomorrowland to weave crypto into the festival’s existing payments stack so that “financial tools” sit behind the scenes of ticketing, merch and food and drink.
The stated goal is to keep the rails “intuitive and invisible,” rather than forcing festivalgoers through clunky wallets or unfamiliar flows, with KuCoin positioning itself as facilitating the secure and efficient movement of value while fans focus on the music.
The company declined to spell out exactly which assets and rails will be supported on‑site, or whether every purchase will run natively onchain, but said that KuCoin’s “Trust First. Trade Next.” mantra runs through its messaging.
The spokesperson stressed advanced security, multi‑layer protection and adherence to EU standards as the foundation for taking crypto beyond the trading screen and into live events.
Tomorrowland’s organizers have been here before. In 2022, the festival announced a Web3 partnership with FTX Europe that promised NFTs and “the future of music festivals” before collapsing along with the exchange itself months later.
That experience makes the choice of a MiCA‑licensed partner, and the emphasis on user protection, more than cosmetic; it is a second attempt at bridging culture and crypto (this time with regulatory scaffolding and clearer guardrails).
Rather than setting public hard targets for user numbers or payment volumes by 2028, KuCoin is pitching success as “seamless integration” of crypto into the festival experience:
“We aim to demonstrate that digital assets can be a core component of global digital finance, moving from a niche technology to a mainstream utility. “