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Reducing knife crime will be a “moral mission” for Labour if it wins the general election on 4 July, Sir Keir Starmer will say on Tuesday.

The party leader will outline his plan to halve knife crime over the next 10 years, including creating a new cross-government “coalition” to work on solutions – including families of victims and survivors of knife crime, along with tech companies and relevant organisations.

Sir Keir will also promise to chair an annual knife crime summit to “track progress” on the target, and appeal to all parties to work together on the issue.

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“Knife crime is an issue above and beyond party politics,” he will say. “For the parents grieving sons and daughters who never came home, action to end this scourge cannot wait.

“Far too often we hear the same stories from grieving families who have been subject to these brutal murders carried out by children.

“It is our duty as political leaders of all stripes to work together to end knife crime and keep our young people safe.”

More on General Election 2024

Figures from Labour showed knife-related offences had risen by 81% since 2015 across England and Wales.

The party’s pledges for after the election include increasing the penalties for carrying a knife – including custody in the most serious cases, as well as extending the list of banned knives.

They will also introduce a new “Young Futures” programme to support young people in local communities.

Read more:
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“Cutting knife crime will be a moral mission for the next Labour government,” Sir Keir will add.

“Our new cross-government coalition will put knife crime victims and their families at the heart of government, working with us to take the strongest action in a generation to end this tragic crime.”

But Conservative policing minister Chris Philp attacked the Labour leader’s record from his time in charge of the Crown Prosecution Service (CPS), claiming convictions for weapon possession fell on his watch.

“In contrast, the Conservatives have cut crime by 54% since 2010 and recruited 20,000 more police since 2019,” he added.

“We are going even further with our plan to recruit 8,000 more police officers.

“The choice at the election is clear: cracking down on crime with Rishi Sunak and the Conservatives, or back to square one with Keir Starmer and the same old Labour who consistently fail to tackle crime.”

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The Tories will be reiterating their plans to lower migration on Tuesday, laying claim to being the only party to support the Rwanda plan for deporting asylum seekers arriving in the UK by small boat.

They will also pledge to reduce legal migration, with an annual cap on the number of visas that are granted for work or for people to join their family.

Prime Minister Rishi Sunak said: “Migration is too high and the Conservatives have a clear plan to get it down.

“Labour would rip up our plan on day one by scrapping the Rwanda scheme, despite countries across Europe looking to it themselves to deal with their own migration pressures.”

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Binance mulls new US strategy, CZ potentially reducing stake: Report

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Binance mulls new US strategy, CZ potentially reducing stake: Report

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.

Changpeng Zhao, United States, Binance
Source: CZ

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.

Changpeng Zhao, United States, Binance
Binance claims the top spot among centralized crypto exchanges in terms of trading volume. Source: CoinGecko

Related: Binance names co-founder Yi He co-CEO alongside Richard Teng

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.

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