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Here’s a quick recap of the crypto landscape for Monday (June 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$102,876, an increase of 4.2 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$100,177 and a high of US$103,154 as the market opened.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Crypto markets are bracing for continued short-term volatility, heavily influenced by macro conditions and geopolitical developments, particularly the US-Iran situation. Traders are warning of a potential drop to US$95,000, with some even anticipating US$92,000, as only 3 percent of newer Bitcoin investors are currently profitable.

Despite immediate concerns, analysts remain constructive on Bitcoin’s long-term resilience. Growing structural demand from public entities is solidifying Bitcoin’s role as a strategic reserve. Longer-term metrics suggest 2025 could be the last bullish leg of this cycle, potentially driving Bitcoin prices north of US$200,000.

Over the weekend, Bitcoin fell below the US$100,000 mark for the first time since May following US President Donald Trump’s announcement that the US had bombed three of Iran’s main nuclear facilities.

The airstrikes, which reportedly targeted Fordow, Natanz, and Isfahan, heightened investor risk aversion, triggering over US$1 billion in liquidations across crypto markets. Derivatives data from Coinglass shows that US$915 million of long positions and US$109 million worth of shorts were wiped out.

Ethereum (ETH) closed at US$2,308.07, a 6 percent increase over the past 24 hours. Its lowest valuation on Monday was US$2,206.39, and its highest valuation was US$2,312.59, minutes before the closing bell.

Altcoin price update

Solana (SOL) was priced at US$139, up 8.1 percent over 24 hours and its highest valuation for Monday. SOL experienced a low of US$131.53 during the day.

XRP also reached its highest daily valuation at the closing bell. It traded at US$2.05 as markets wrapped, up by 5 percent in 24 hours. The cryptocurrency’s lowest valuation was US$1.97.

Sui (SUI) is trading at US$2.61, showing an increaseof 11.7 percent over the past 24 hours. Its lowest valuation was US$2.42, and it reached its highest valuation at the closing bell.

Cardano (ADA) is priced at US$0.5527, up 5.7 percent in 24 hours to its highest value. Its lowest valuation on Monday was US$0.5315.

Today’s crypto news to know

Pompliano launches US$1 billion Bitcoin treasury firm

Crypto investor Anthony Pompliano has unveiled a new Bitcoin treasury company, ProCap Financial, via a merger with Columbus Circle Capital I, a special purpose acquisition company.

The venture will hold up to US$1 billion in Bitcoin, and aims to follow in the footsteps of Michael Saylor’s Strategy (NASDAQ:MSTR), a software firm turned crypto juggernaut.

ProCap has already raised US$500 million in equity and secured a US$250 million convertible note in what Pompliano has called the largest-ever raise for a treasury-focused crypto firm.

Unlike traditional holdings strategies, ProCap intends to actively generate revenue from its Bitcoin through lending, derivatives and financial services.

Metaplanet buys US$117 million worth of Bitcoin

Tokyo-based Metaplanet (TSE:3350,OTCQX:MTPLF) has added 1,111 BTC to its reserves, spending roughly US$117 million during a weekend dip sparked by US-Iran tensions.

The firm purchased the Bitcoin at an average price of US$105,681 per coin, increasing its total holdings to 11,111 BTC valued at over US$1.1 billion. Metaplanet has embraced a bold Bitcoin-first treasury approach, positioning itself as Asia’s Strategy equivalent in the corporate crypto playbook.

OKX considers US IPO

Cryptocurrency exchange OKX is reportedly considering an initial public offering (IPO) in the US, according to an interview the Information conducted with an executive from the firm on Sunday (June 22).

“We will absolutely consider an IPO in the future,” Haider Rafique, chief marketing officer, told the outlet, without providing a potential launch date. “If we go public, it would likely be in the U.S.”

The exchange resumed operations in the US in April after the US Department of Justice found that it had actively pursued US customers without the required license. OKX pleaded guilty to one count of operating an unlicensed money transmitting business in February and agreed to pay over US$500 million in penalties.

Sequans plans Bitcoin treasury raise

Sequans Communications (NYSE:SQNS), an IoT semiconductor developer, is planning a US$384 million capital raise for a strategic Bitcoin treasury. This move is one of the latest in a growing trend of companies using Bitcoin as a reserve asset, which crypto analyst Adam Back has dubbed the “new ALT SZN for speculators.’

The company issued a press release announcing the endeavor on Monday.

The raise includes US$195 million in equity and US$189 million in convertible debentures. The company is also partnering with Swan Bitcoin for its Bitcoin treasury management. CEO Georges Karam said this reflects “strong conviction in bitcoin as a premier asset and a compelling long-term investment.”

Fiserv to roll out Stablecoin platform for 3,000 US banks

Payments giant Fiserv (NYSE:FISV) is entering the stablecoin market with FIUSD, a new digital dollar offering aimed at thousands of main street banks. The platform will allow Fiserv’s banking clients — estimated at 3,000 institutions — to launch their own branded stablecoins or integrate FIUSD into their operations.

Built on top of Fiserv’s existing payments infrastructure, the platform will be interoperable with major blockchains and other stablecoins, including Circle’s (NYSE:CRCL) USDC and Paxos.

The platform is set to go live by the end of the year.

Canaan completes US pilot production, exits AI business

In a statement sent to Cointelegraph on Monday morning, a representative from Canaan (NASDAQ:CAN), a tech firm primarily known for designing and producing application-specific integrated circuits (ASICs) for Bitcoin mining, said it “has successfully completed a pilot production run in the US.” Canaan also announced the discontinuation of its artificial intelligence semiconductor business in what it said is “a strategic realignment aimed at sharpening its focus.”

“I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, chairman and CEO of Canaan.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Investing

Silver Crown Royalties Announces Closing of First Tranche of its Non-Brokered Private Placement

(TheNewswire)

TORONTO, ON TheNewswire – June 24, 2025 –Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, the ‘ Corporation ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the first tranche (‘ First Tranche ‘) of its non-brokered offering of units of the Company (‘ Units ‘) for gross proceeds of up to $2,000,000 that was previously announced on May 20, 2025 (the ‘ Offering ‘). The Company issued 102,838 Units at a price of C$6.50 per Unit pursuant to the First Tranche for gross proceeds of approximately C$668,447.

Each Unit consists of one common share (‘ Common Share ‘) and one Common Share purchase warrant (‘ Warrant ‘), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the date hereof.

The proceeds from the First Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.

The Company is also pleased to announce it is extending the closing of an additional tranche of the Offering to July 11, 2025.

ABOUT Silver Crown Royalties INC.

Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

Telephone: (416) 481-1744

Email: pbures@silvercrownroyalties.com

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the proceeds from the First Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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Investing

Questcorp Mining Announces Commencement of Phase 1 Work at the La Union Gold Project

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the commencement of the first phase work program at its La Union carbonate replacement deposit (CRD) project, located in Sonora, Mexico. Questcorp is earning a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

The initial stages of phase one will concentrate on finalizing the location of drill targets and drill pads for the upcoming drill program. Field activities are underway and include:

Establishment of 5 to 6 one kilometre picket lines for IP surveying which commenced on Monday. The IP lines are being run over the heart of some of the past mining areas which continue to be known expansive target areas to help evaluate further potential, possible most favorable zones and assist to model the larger context for the upcoming drill holes. This work further de-risks the up-coming first pass drill holes.
Sampling of limestone and dolomite host rocks across the mineralization from country rock through to the heart of mineralization for Black Light analysis and alteration vector modeling. The objective is to use the changes or variance in fluorescence to map alteration patterns to vector into the heart of the manto and chimney plumbing systems.
Geological mapping of drill collar sites and section lines particularly along the surface of the IP lines to help develop the most accurate interpretations of the IP data for drill hole planning.
Rock and soil sampling of peripheral areas to identify additional targets including study of the stratigraphy for understanding and context with the many mineralization showings on the large district holding.

‘We are extremely pleased to initiate the fully funded first phase work program at La Union,’ commented Questcorp President & CEO Saf Dhillon. ‘We are first concentrating on de-risking the upcoming 1,500 metre drill program scheduled for mid to late Q3 through alteration mapping and IP geophysics,’ he continued. ‘Under the technical expertise of John-Mark Staude and the Riverside team we are confident we are maximizing every exploration dollar being invested at La Union,’ he concluded.

Riverside Resources Inc. President & CEO John-Mark Staude stated ‘The work program is going well, I have been in the field this past week with the exploration team and pleased to see the safe, high quality focus of good work and diving into careful review of the planned drill sites and now the IP program is underway. It is great to work with Saf, Tim and the entire Questcorp organization.’

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD‘) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256556

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Investing

Allied Critical Metals Appoints Vitor Arezes as Vice President, Exploration

(TheNewswire)

Vancouver, BC June 24, 2025 TheNewswire – Allied Critical Metals Inc. (CSE: ACM | FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Mr. Vítor Arezes as Vice President, Exploration.

Mr. Arezes brings over 14 years of experience in geological exploration, project development, mining operations, and project evaluation across Portugal and internationally. His distinguished career includes senior technical and leadership roles in exploration and mining companies, with a strong focus on tungsten, tin, gold and other critical minerals and precious metals. He has led multi-disciplinary teams in the advancement of historical and greenfield projects, particularly within Portugal’s mineral-rich regions.

‘We are proud to welcome Vítor to the Allied team at a pivotal time in our development,’ said CEO Roy Bonnell. ‘His deep technical knowledge, regional expertise, and proven track record will be invaluable as we advance our Borralha and Vila Verde tungsten projects toward production.’

Mr. Arezes is a registered professional geologist as a Professional Member of the Institute of Materials, Minerals and Mining (MIMMM #703197) and has collaborated with numerous governmental and academic bodies in geoscience and mineral development within Portugal and internationally. He also holds an BSc in Geology from University of Minho in Portugal.

This appointment reinforces Allied’s commitment to assembling a best-in-class leadership and operations team as it aims to become a premier Western supplier of tungsten—one of the world’s most strategic critical metals.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (ACM:CSE | FSE:0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com .

Also visit us at:
LinkedIn:
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

On behalf of the Board of Directors

‘Roy Bonnell’

Roy Bonnell
CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release and has neither approved now disapproved the contents of this press release.

News Provided by TheNewsWire via QuoteMedia

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Economy

Walmart to pay $10 million to settle lawsuit over money transfer fraud

Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars.

The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah.

Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud.

“Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it’s sent, it’s gone for good,” said Christopher Mufarrige, director of the FTC consumer protection bureau. “Companies that provide these services must train their employees to comply with the law and work to protect consumers.”

The Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment.

In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores.

Walmart acts as an agent for money transfers by companies such as MoneyGram and Western Union. Money can be hard to trace once delivered.

The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings.

Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday’s settlement would end the appeal.

This post appeared first on NBC NEWS

Economy

Apple sued by shareholders who allege it overstated AI progress

Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price.

The complaint covers shareholders who suffered potentially hundreds of billions of dollars of losses in the year ending June 9, when Apple introduced several features and aesthetic improvements for its products but kept AI changes modest.

Apple did not immediately respond to requests for comment.

CEO Tim Cook, Chief Financial Officer Kevan Parekh and former CFO Luca Maestri are also defendants in the lawsuit filed in San Francisco federal court.

Shareholders led by Eric Tucker said that at its June 2024 Worldwide Developers Conference, Apple led them to believe AI would be a key driver of iPhone 16 devices, when it launched Apple Intelligence to make Siri more powerful and user-friendly. But they said the Cupertino, California-based company lacked a functional prototype of AI-based Siri features and could not reasonably believe the features would ever be ready for iPhone 16s.

Shareholders said the truth began to emerge on March 7 when Apple delayed some Siri upgrades to 2026 and continued through this year’s Worldwide Developers Conference on June 9 when Apple’s assessment of its AI progress disappointed analysts.

Apple shares have lost nearly one-fourth of their value since their Dec. 26, 2024 ,record high, wiping out approximately $900 billion of market value.

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Stocks

US Strikes Iran: What Comes Next For Stocks?

In today’s “Weekly Market Recap”, EarningsBeats.com’s Chief Market Strategist Tom Bowley looks ahead to determine the likely path for U.S. equities after the weekend bombing of Iran nuclear sites. Are crude prices heading higher? Will energy stocks outperform? What additional roadblocks might we have to negotiate after the latest Fed meeting and policy statement? Could we see fallout from June monthly options expiring on Friday? Check it all out in the video below….

Happy trading!

Tom

Stocks

Lagging Mid-cap ETF Hits Moment of Truth

The S&P MidCap 400 SPDR (MDY) is trading at a moment of truth as its 5-day SMA returns to the 200-day SMA. A bearish trend signal triggered in early March. Despite a strong bounce from early April to mid May, this signal remains in force because it has yet to be proven otherwise. Today’s report will show how to quantify signals and reduce whipsaws using the percentage difference between two SMAs.

First note that MDY is lagging SPY and QQQ because its 5-day has yet to cross above its 200-day. The latter two saw bullish crosses in mid May, over a month ago. A bullish breakout in MDY would reflect broadening upside participation, which would be bullish for stocks. The PerfChart below shows SPY and QQQ with year-to-date gains. MDY and IWM are down year-to-date.

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TrendInvestorPro continues to follow the leading uptrends and recent breakouts in metals-related ETFs. These include gold, silver, palladium, platinum, copper and associated miners. Tech-related ETFs are also leading and featured in our reports/videos. Click here to learn more and get full access to our research.

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The chart below shows MDY hitting its moment of truth as the 5-day SMA (black line) bumps against the underside of the 200-day SMA (blue line). A bearish cross occurred in late February and this signal has yet to be reversed. However, I am not watching for a simple 5/200 cross. Instead, I want to see the 5-day SMA clear the 200-day SMA by a certain percentage. This is a signal threshold.

The indicator window shows Percent above MA (5,200,1), which measures the percentage difference between the 5 and 200 day SMAs. See the TIP Indicator Edge Plugin for details. I placed signal thresholds at +3% and -3% to reduce whipsaws. A bullish signal triggers with a move above +3% and a bearish signal triggers with a move below -3%. At the very least, this indicator value is still negative and bearish. A move above 0 would reflect a positive 5/200 cross, while a move above +3% would trigger a bullish trend signal. This indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP.

The signal threshold levels depend on your personal preferences and trading styles. Tighter thresholds generate earlier signals, but with more whipsaws. Wider thresholds reduce whipsaws, but increase signal lag. This is always the tradeoff. I prefer plus/minus 1 percent when using the 5/200 cross for SPY. I widened these thresholds to plus/minus 3 percent for MDY because it is more volatile.

TrendInvestorPro continues to follow the leading uptrends and recent breakouts in metals-related ETFs. These include gold, silver, palladium, platinum, copper and associated miners. Tech-related ETFs are also leading and featured in our reports/videos. Click here to learn more and gain immediate access.

Politics

JD Vance says Iranian nuclear program ‘substantially’ set back after ‘precise, surgical’ US strikes

Vice President JD Vance said Sunday that America ‘is not at war with Iran,’ but rather is at war with the Iranian nuclear program, which was ‘substantially’ set back by U.S. strikes.

In an appearance on ABC’s ‘This Week,’ Vance praised President Donald Trump’s ‘decisive action to destroy the program’ and expressed an ‘incredible amount of gratitude’ to the U.S. troops, who, he says, flew thousands of miles on a 30-hour non-stop flight, ‘never touched down on the ground’ and dropped a 30,000-pound bomb ‘on a target about the size of a washing machine.’

‘No military in the world has the training, the skills, and the equipment to do what these guys did last night,’ Vance said. ‘I know the president and I are both very proud of them, and I think what they did was accomplish a very core American national objective. Iran cannot have a nuclear weapons program. The president’s been very clear about this, and thanks to the bravery and competence and skill of our great pilots and everybody who supported this mission, we took a major step forward for that national objective last night.’

Vance was hesitant to disclose too much sensitive information about the mission, which reportedly involved 125 aircraft.

ABC’s Jonathan Karl asked the vice president, ‘Can you say definitively that Iran’s nuclear program has now been destroyed?’

‘I don’t want to get into sensitive intelligence here, but we know that we set the Iranian nuclear program back substantially last night. Whether it’s years or beyond that, we know it’s going to be a very long time before Iran can even build a nuclear weapon if they want to,’ Vance said.

Pressed on the extent of the damage, the vice president again declined to disclose sensitive intelligence but added, ‘I feel extremely confident, and I can say to the American people with great confidence that they are much further away from a nuclear program today than they were 24 hours ago.’

‘That was the objective of the mission – to destroy that Fordow nuclear site – and, of course, do some damage to the other sites as well,’ he said. ‘But we feel very confident that the Fordow nuclear site was substantially set back and that was our goal.’

Vance separately told NBC’s ‘Meet The Press’ that the U.S. had engaged in a diplomatic process with the Iranians to no avail until around mid-May when Trump then ‘decided to issue some private ultimatums to the Iranians.’

‘My message to the Iranians is it would be the stupidest thing in the world,’ Vance said about potential retaliation after the U.S. strikes. ‘If you look at what happened last night, we had an incredibly targeted, precise surgical strike on the nuclear facilities that are the target of the American operation. Our national interest is for Iran to not get a nuclear weapon. Our strikes last night facilitated that national objective. If the Iranians want to enlarge this by attacking American troops, I think that would be a catastrophic mistake.’

Vance reiterated how Trump mentioned in his late Saturday night address from the White House that the United States wants Iran to give up their nuclear program peacefully – but allowing Iran to obtain a nuclear weapon remains off the table.

‘There is no way that the United States is going to let Iran have a nuclear weapon. And so they really have to choose a pathway,’ Vance told ABC. ‘Are they going to go down the path of continued war, of funding terrorism, of seeking a nuclear weapons? Or are they going work with us to give up nuclear weapons permanently? If they’re willing to choose the smart path, they’re certainly going to find a willing partner in the United States to dismantle that nuclear weapons program.’

He also issued a warning.

‘But if they decide they’re going to attack our troops, if they decide they’re going to continue to try to build a nuclear weapon. Then we are going to respond to that with overwhelming force. So really, what happens next is up to the Iranians.’

Trump warned Saturday that ‘any retaliation by Iran against the United States of America will be met with force far greater than what was witnessed tonight.’ The U.S. military carried out ‘massive precision strikes’ on the three key nuclear facilities in the Iranian regime: Fordow, Natanz and Isfahan,’ which Trump said for years carried on a ‘horribly destructive enterprise’ and have now been ‘completely and totally obliterated.’

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Politics

Israeli President Herzog: Israel ‘not dragging’ US into war with Iran

Israeli President Isaac Herzog said that Israel is ‘not dragging’ the U.S. into its war with Iran, pushing back against growing fears of a broader regional conflict after Washington sent an overnight strike against three major Iranian nuclear facilities on Saturday.

Herzog made the statement during an appearance on CNN’s ‘State of the Union’ with host Kasie Hunt on Sunday, in response to President Donald Trump’s decision to deploy bunker-buster bombs and Tomahawk missiles against Iran’s key nuclear sites at Fordow, Natanz and Isfahan.

‘We made clear throughout that we are not dragging America into a war,’ Herzog said. ‘We are leaving it to the decision of the President of the United States and his team, because it had to do with America’s national security interests, period. We are not intending, and we don’t ask for America now to go to war because the Iranians are threatening Israel.’

The Israeli leader added that the American decision to attack Iran’s nuclear infrastructure was ‘the right step’ for the U.S., describing the Iranian nuclear program as a threat to American and global security.

‘The decision was taken because the Iranian nuclear program was a clear and present danger to the security interests of all the free world, especially the leader of the free world,’ Herzog added. ‘America, as the leader of the free world, was actually at risk from this program, and that is why it was the right step to do.’

Despite Washington’s military involvement, Herzog stressed that now is ‘the moment where one thinks about diplomacy.’ He urged that any renewed talks with Iran must ‘be nuts and bolts and very clear,’ citing a history of previously failed negotiations due to what he described as Iranians ‘lying constantly.’

Secretary of State Marco Rubio also reiterated Herzog’s message during an appearance on Fox News’ ‘Sunday Morning Futures’ with host Maria Bartiromo, asserting that the U.S. is ‘not at war’ with Iran.

Rubio added that regime change is ‘not the goal’ and that Washington is still offering a diplomatic path forward.

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