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Just who is Alex Burghart? And have the Tories found a new rising star?

Alex who? As veteran MPs like to joke about young upstarts in politics who are largely unknown, he’s not even a household name in his own home.

But he has long been a member of Kemi’s gang and resigned from Boris Johnson’s government along with the future Tory leader over the Chris Pincher scandal in 2022.

Mr Burghart is 47, but looks younger, and succeeded Tory big beast Eric Pickles as Conservative MP for Brentwood and Ongar, on London’s border with Essex, in 2017.

Rayner faces hostile crowd as she stands in for Starmer p Politics latest

Educated at Millfield public school, he’s a brainy historian with an Oxford BA and a PhD from King’s College, London, and has written for BBC History and the Times Literary Supplement.

But until his impressive debut as Kemi Badenoch’s stand-in against Angela Rayner at PMQs, his climb up the greasy pole of politics had been worthy but unspectacular.

He was initially a history teacher and university tutor, before working for Iain Duncan Smith’s Centre for Social Justice thinktank and writing a book about vulnerable children.

He also worked for the Children’s Commissioner for England, Anne Longfield, before becoming Theresa May’s special adviser on social policy when she became prime minister in 2016.

Once in parliament, he was a parliamentary private secretary – unpaid bag-carrier – to attorney generals Geoffrey Cox and Jeremy Wright and Karen Bradley, then Northern Ireland secretary.

His big break came when Boris Johnson became prime minister in 2019 and made him his PPS (parliamentary private secretary) and two years later he became a junior education minister, responsible for apprenticeships.

But his own apprenticeship for the big jobs came to a halt when along with Kemi Badenoch and her other close allies Neil O’Brien, Lee Rowley and Julia Lopez he quit in protest against the Pincher sleaze scandal.

Rishi Sunak appointed him to the unglamorous jobs of junior pensions minister and then junior Cabinet Office minister and it was only after this year’s 4 July election that he joined the shadow cabinet.

Like many up-and-coming Conservative MPs, Mr Burghart married into a Tory dynasty. His wife is journalist and author Hermione Gingold, daughter of late Tory MP Sir Reg Eyre, who served in the governments of Edward Heath and Margaret Thatcher.

But after a low-profile career until now, Mr Burghart’s fellow MPs certainly know who he is after a direct and punchy performance at PMQs in which he accused Labour of broken promises and declaring war on farmers.

Some insiders claimed that he had been more effective than Ms Badenoch, whose performances in her first two PMQs clashes with Sir Keir Starmer have been less than startling.

After this debut he’s clearly one to watch. Some Tories even suggested that on this showing he’s future party leader if Kemikaze, as her detractors unkindly call her, falters.

Praise indeed. However, Alex Burghart v Labour rising star Darren Jones in a battle for No. 10 in a future general election, anyone?

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Upbit operator Dunamu posts $165M in profit in Q3, up over 300% YoY

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Upbit operator Dunamu posts 5M in profit in Q3, up over 300% YoY

Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income.

The figure marks an increase of more than 300% compared to the same period last year, which stood at $40 million, local news outlet Chosun Biz reported, citing regulatory filings with the Financial Supervisory Service.

The filing reportedly showed strong momentum across all key metrics. Consolidated revenue climbed to $266 million, up 35% from the previous quarter, while operating profit rose 54% to $162 million. Net income also jumped 145% quarter-over-quarter from $67 million.

The company attributed its improved performance to rising trading activity as global digital asset markets rebounded through 2024 and 2025.

Related: South Korea’s bank-first stablecoin approach lacks logic, says Kaia chair

Dunamu credits US crypto bills for boost

Dunamu said investor confidence received a boost following regulatory developments in the United States, including the passage of the Genius Act, the Clarity Act and the Anti-CBDC Bill. These measures, the company said, contributed to renewed institutional participation and steadier market conditions.

Dunamu has faced heightened reporting requirements since 2022, when it was added to the list of corporations subject to external audit due to having more than 500 shareholders.

Notably, several major crypto firms experienced a revenue increase last quarter. Bitcoin mining company TeraWulf and Singapore-based cloud Bitcoin miner BitFuFu doubled their third-quarter revenue from the previous year.

Related: South Korea ramps up crypto seizures, will target cold wallets

Naver Financial to acquire Dunamu

As Cointelegraph reported, Naver Financial, the fintech arm of South Korea’s largest internet company, is preparing to acquire Dunamu. Naver reportedly plans to bring Dunamu in as a subsidiary through a share swap, with board approvals expected soon.