Migrant crossings: Why are more people crossing the Channel on the weekend?

Published

3 months ago

February 3, 2025

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More people are crossing the English Channel in small boats on the weekend. Our data analysis shows last year 40% of the total number of arrivals happened on a Saturday or Sunday.

We have been looking into possible reasons why many more people are arriving in small boats on the weekend, and the explanation might not be quite what you expect.

Here are a few theories.

French staffing and resources

One suggestion is that French border force, police and coastguard are not working to a consistent level seven days a week.

“Gangs have realised there are lower or less engaged staffing on weekends on the French side,” a former senior Home Office official who worked closely on deals with French tells me.

A former immigration minister said they found it “frustrating” that “we were paying the French but weren’t able to specify operational deployments”.

They said it would “not surprise me if the French had fewer people at the weekend and the people smugglers have come to realise that”.

Hundreds of millions have been given by the UK to France to police the Calais coast, most recently almost £500m in 2023.

Another former senior government official with responsibility for borders said the French would be able to demonstrate that “hundreds or thousands of officers are working there” but “strategically it suits France to have the gust with us”.

But when we put this to the French side there was a pushback.

Marc de Fleurian, the Calais MP from Marine Le Pen’s National Rally party, says “blaming the other side of the Channel” is the “easy answer”.

He said it’s “cowardly to say it’s the other side’s fault”.

Pierre Henri Dumont, who was the Calais MP from 2017-2024, said: “The reality is you can have as many police officers as you want, but people will cross the Channel. If you have eight rather than 100 police officers that won’t change anything at all.”

A French coastguard source told Sky News there are the same staffing levels at the weekend, he says “any suggestion there is less staffing on the weekends is laughable and an easy thing to say”.

Smuggler planning

Smuggler supply chains might be linked to a specific day for a range of reasons, for example, as one former senior Home Office official suggests, the fact “boat engines, or parts, might arrive on a Friday”.

Mr Dumont says smuggling networks rely on people to do small jobs, like transporting boats, who may also have day jobs in the week. He says the reasons behind the weekend uptick “are not necessarily predictable ones”.

Another factor may be that because French police tend not to intervene once a boat is in the water, many small boats set off from inland waterways. The canal-type waterways which come inland before the Channel are often full of fishing boats on weekdays, making it easier to launch from the waterways on weekends.

Another suggestion from a Home Office source is that while many migrants who cross the channel are based in the camps around Calais, many use public transport to arrive for a timed departure and are therefore reliant on transport timetables which may be more limited at different times of the week.

Weather coincidence

Leaked Home Office analysis shows that of the number of weekend days where small boat crossings were more likely because of good weather conditions was disproportionately high last year.

The figures show that 61 out of 197 days where the weather meant there was a realistic possibility, likely or highly likely there would be a channel crossing were weekend days. However, we only have figures for 2024, and it seems unlikely the weather alone could account for three years of higher crossings on weekend days.

Politics

Crypto industry is not experiencing regulatory capture — Attorney

Published

3 hours ago

April 19, 2025

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Crypto industry is not experiencing regulatory capture — Attorney

Brandon Ferrick, general counsel at Douro Labs, said that the Securities and Exchange Commission’s (SEC) openness to public input on crypto policy and their roundtable discussions are positive signs that the crypto industry is not currently experiencing regulatory capture.

In an interview with Cointelegraph, Ferrick identified signs of regulatory capture including, a public-to-private sector revolving door of employees, the same roster of attendees at regulatory events, and special treatment given to certain crypto projects. However, Ferrick added:

“The reason why I am not worried today is that a lot of what you’re seeing from the regulatory side, like the SEC, for example, is totally open, public, and there are available opportunities to have conversations with the regulators about changing or thinking about the regulatory structures.”

“[The SEC] has a public portal where you can just submit written commentary on your thoughts for the crypto regulatory environment, and you can schedule meetings with them,” the attorney continued.

As the crypto industry becomes more integrated with the traditional financial system and engages state regulators more, some analysts and executives are worried that the industry is experiencing regulatory capture that will skew incentives and politicize the burgeoning crypto sector.

SEC hosts several roundtable discussions on crypto policy

The SEC has hosted several crypto roundtable discussions and panels, with more slated in the coming months — a sharp contrast from the agency’s regulation-by-enforcement approach under former SEC chairman Gary Gensler.

On March 21, the regulatory agency hosted its first crypto roundtable, which featured crypto industry executives, SEC officials, and even opponents of the crypto industry.

Former SEC official John Reed Stark was highly critical of the industry and opposed comprehensive regulatory reform, arguing that digital assets must comply with existing securities laws.

The SEC’s April 11 roundtable focused on trading rules and included a different set of panelists, including representatives from Uniswap and Coinbase.

The next SEC panel will occur on April 25 and focus on establishing guidelines for crypto custodians and other firms holding crypto on behalf of customers.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

Politics

UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend

Published

7 hours ago

April 19, 2025

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UK firm buys 0M Bitcoin as analysts eye quiet Easter weekend

Whales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions.

London-based investment firm Abraxas Capital acquired 2,949 Bitcoin (BTC) worth more than $250 million during the four days leading up to April 19.

In the latest transaction, the firm bought over $45 million worth of Bitcoin from Binance on April 18, according to crypto intelligence firm Lookonchain, citing Arkham Intelligence data.

UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend — *Source: Arkham Intelligence,* *Lookonchain*

The investment came days after Michael Saylor’s Strategy bought $285 million worth of Bitcoin at an average price of $82,618 per BTC, as the world’s largest corporate Bitcoin holders signal continued confidence in Bitcoin, amid global tariff uncertainty.

Large Bitcoin investors, or whales, continue accumulating, absorbing over 300% of Bitcoin’s yearly issuance as exchanges continue losing coins at a historic pace, Cointelegraph reported on April 18.

Crypto analysts eye quiet Easter weekend after weeks of turmoil

Despite continued accumulation from whales and institutions, volatility concerns were raised by significant movements from the medium-term Bitcoin cohort, which holds coins for an average of three to six months.

Over 170,000 Bitcoin entered circulation from the medium-term cohort, a development that may signal “imminent” crypto market volatility, according to pseudonymous CryptoQuant analyst Mignolet.

“The effect of this metric on LTF moves is overstated as large onchain movement of coins hardly ever affects weekend price action since it’s not on liquid markets or CEX markets,” analysts at Bitfinex exchange told Cointelegraph, adding:

“It is important to note that funding rates remain relatively flat currently. Moreover, US markets are closed as we have a long weekend for Easter, so volatility could be suppressed barring headlines from the White House.”

Marcin Kazmierczak, chief operating officer of RedStone Oracles, added that the recent movements may be operational transfers, not necessarily signs of imminent selling pressure.

Still, concerns over weekend volatility have been amplified over the past two weeks after the Mantra (OM) token’s price collapsed by over 90% on Sunday, April 13, from roughly $6.30 to below $0.50, triggering market manipulation allegations and highlighting “critical” liquidity issues in the industry.

Two weeks ago, on April 6, Bitcoin fell below $75,000 on Sunday, as investor concerns spread from a record-breaking $5 trillion sell-off from the S&P 500, its largest on record.

The correction was caused by Bitcoin’s 24/7 trading availability, which made it the only large liquid asset available for de-risking on Sunday, Blockstream CEO Adam Back told Cointelegraph.

“On a weekend, there’s not much volume. So you have a worse risk of rapid sort of flash crashes or flash dips that get filled in again,” he said.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

Politics

Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

Published

9 hours ago

April 19, 2025

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Crypto, DeFi may widen wealth gap, destabilize finance: BIS report

The growing adoption of cryptocurrencies may pose risks to the traditional financial system and exacerbate wealth inequality, according to the Bank for International Settlements (BIS).

In an April 15 report, the BIS warned that the number of investors and amount of capital in crypto and decentralized finance (DeFi) have “reached a critical mass,” with investor protection becoming a “significant concern for regulators.”

The size of the crypto market signals that authorities should be worried about the “stability of crypto over and above the role it may have for TradFi and the real economy,” the report states, highlighting the role of stablecoins, which the BIS said have “become the means through which participants transfer value within crypto.”

The report calls for targeted stablecoin regulation on stability and reserve asset requirements that will guarantee the redemption of stablecoins for US dollars during “stressed market conditions.”

The report comes two weeks after the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy, or STABLE Act, with a 32–17 vote on April 2.

Cryptocurrencies, Banking, Banks, Central Bank, Bitcoin Price, Investments, Bitcoin Regulation, United States, BIS, Stablecoin, Cryptocurrency Investment, Bitcoin Adoption — *Source:* *Financial Services GOP*

The STABLE Act aims to create a clear regulatory framework for dollar-denominated payment stablecoins, emphasizing transparency and consumer protection.

On March 13, the GENIUS Act, short for Guiding and Establishing National Innovation for US Stablecoins, passed the Senate Banking Committee by a vote of 18–6. The act aims to establish collateralization guidelines and require full compliance with Anti-Money Laundering laws from stablecoin issuers.

Crypto may exacerbate wealth gap

The BIS also raised concerns about how crypto markets may worsen income inequality by enabling larger investors to capitalize on the emotions of less sophisticated retail participants, as seen during the FTX collapse in 2022.

“As prices tumbled in 2022, users actually traded more,” the BIS report noted. “Most disturbingly, large bitcoin holders (“whales”) were selling as ordinary retail investors (“krill”) were buying.” It added:

“This implies that the crypto market, which is often presented as an opportunity for inclusive growth and financial stability, can be a means for redistributing wealth from the poorer to the wealthier.”

The report concludes that DeFi and TradFi have similar underlying economic drivers, but DeFi’s “distinctive features,” like “smart contract and composability,” present new challenges that need proactive regulatory interventions to “safeguard financial stability, while fostering innovation.”