Rishi Sunak will meet with his new cabinet today after a dramatic shakeup of his top team saw David Cameron make an unexpected return to frontline politics.
In a major gamble to revive his faltering premiership, the prime minister gave the former Tory leader a peerage in order to make him foreign secretary.
It means the now Lord Cameron will be back around the Cabinet table on Tuesday for the first time since he stood down as prime minister and quit as an MP after losing the Brexit referendum in 2016.
Ms Braverman was purged after she accused the Metropolitan Police of left-wing bias in its handling of protests in an article for The Times which was not fully authorised by Number 10. She had also come under criticism in previous weeks for saying that homeless people living in tents was a “lifestyle choice”.
Image: Pic: Simon Dawson / No 10 Downing Street
Image: David Cameron with permanent under secretary Sir Philip Barton. Pic:Ben Dance / FCDO
Former minister Andrea Jenkyns submitted a furious letter of no confidence in Mr Sunak to the Tory backbench 1922 Committee in the wake of the decision.
She argued that Ms Braverman “was the only person in the cabinet with the balls to speak the truth of the appalling state of our streets and a two-tier policing system that leaves Jewish community in fear for their lives and safety”.
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“If it wasn’t bad enough that we have a party leader that the party members rejected, the polls demonstrate that the public reject him, and I am in full agreement. It is time for Rishi Sunak to go,” the MP added.
The letter does not in itself threaten to provoke a vote of no confidence in the Conservative leader, as the threshold stands at 15% of sitting Tory MPs.
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But Number 10 may be wary of more to come after a group of hardline Tory MPs held a meeting in parliament on Monday where concerns were shared about the reshuffle.
Image: Suella Braverman leaves her home before the reshuffle
Around 12 MPs, including Tory deputy chairman Lee Anderson and former cabinet minister Simon Clarke attended in person at the New Conservatives grouping led by Danny Kruger and Miriam Cates.
Other MPs to criticise Ms Braverman’s removal include Sir Jacob Rees Mogg, who warned that the Conservatives “are in danger” of losing votes to the right-wing Reform party.
The former Brexit minister said while Ms Braverman was prepared to leave the European Convention on Human Rights (EHRC) to enact the controversial Rwanda deportation plan, currently held up in the courts, her successor James Cleverly has signalled he does not want to do this.
“There is a distinct watering down on the migration policy,” he told BBC Newsnight.
Ms Braverman has said little about her departure so far but in a potentially ominous warning to Mr Sunak, said she would have more to say “in due course”.
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PM ‘pleased’ to appoint Cameron
Mr Cleverly, the former foreign secretary, has insisted he will be just as committed to the government’s “stop the boats pledge” in his new role.
His appointment is likely to face more scrutiny in the coming days, with a Supreme Court judgement due on Wednesday on whether the much-delayed Rwanda plan is lawful.
But for the moment it has largely been overshadowed by the political comeback of Lord Cameron.
Cameron comeback massive shock
The appointment was a massive shock in Westminster, not just because of the return of a former prime minister to government – the first since Alec Douglas-Home in the 1970s – but also because of his views on China.
During the Cameron administration there was a “golden era” of UK-China co-operation, something Mr Sunak described as “naive” last year following growing tensions with Beijing.
Lord Cameron has also been critical of Mr Sunak’s decision to scrap the northern leg of HS2, while the prime minister used his Tory conference speech to distance himself from the legacy of his predecessors.
But the former prime minister made it clear he backs Mr Sunak and will work with him to help the Tories win the general election, which is expected next year.
The new foreign secretary said: “Though I may have disagreed with some individual decisions, it is clear to me that Rishi Sunak is a strong and capable prime minister, who is showing exemplary leadership at a difficult time.”
The appointment has raised questions about how he will be held to account if he can’t answer to MPs in the Commons.
He also faces questions over the Greensill affair, in which he privately lobbied ministers in an attempt to win Greensill Capital access to an emergency coronavirus loan scheme.
This was seized on by opposition MPs who criticised the “clown show” reshuffle, which also saw Steve Barclay take Therese Coffey’s job as environment secretary, while Victoria Atkins became health secretary.
In another key appointment, GB News presenter and former work and pensions secretary Esther McVey was brought back into government as a minister without portfolio, reportedly to “speak common sense” on behalf of the government and push forward its “anti-woke” agenda, in a conciliatory move to the Tory right.
However many of the party’s One Nation MPs – closer to the centre of politics – may welcome the return of Lord Cameron, who secured them two victories at general elections and is well known internationally.
Former health secretary Matt Hancock said of the reshuffle: “Excellent for the Conservatives, showing Rishi Sunak will fight the election on the centre ground.”
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. “