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Trump says US will send Patriot missiles to Ukraine, adds that Putin ‘talks nice and then he bombs everybody’

President Donald Trump said the United States will be sending Patriot missiles to Ukraine while describing Russian President Vladimir Putin as a leader who ‘talks nice, and then he bombs everybody in the evening.’ 

Trump made the remarks as NATO Secretary General Mark Rutte is planning to meet with the president during a visit to Washington, D.C. Monday and Tuesday. Last week, Trump revealed a new NATO deal that would allow U.S. arms to flow to Ukraine through allied nations. 

‘I’m going to have a meeting with the Secretary General coming in tomorrow. But we basically are going to send them various pieces of very sophisticated military. And they are going to pay us 100 percent for them. And that’s the way we want it,’ Trump told reporters on Sunday. 

‘I haven’t agreed on the number yet, but they’re going to have some. Because they do need protection. But the European Union is paying for it. We’re not paying anything for it. But we will send it, and it’ll be good news for us, we will send them Patriots, which they desperately need,’ Trump added in reference to Ukraine. 

‘Because Putin had really surprised a lot of people. He talks nice, and then he bombs everybody in the evening. It’s a little bit of a problem there, I don’t like it,’ Trump also said. 

Trump said last Thursday that under the new NATO deal, ‘what we’re doing is the weapons that are going out are going to NATO, and then NATO is going to be giving those weapons [to Ukraine], and NATO is paying for those weapons.’ 

The developments came after the Pentagon previously froze some shipments of critical weapons to Ukraine, including Patriot missile interceptors and 155 mm artillery shells.  

The halt was driven by Under Secretary of Defense for Policy Elbridge Colby after a review of U.S. munitions stockpiles that showed dangerously low reserves, Politico first reported in early July. 

Then the Pentagon reversed course about a week later. 

‘At President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops,’ Pentagon Spokesman Sean Parnell said. ‘Our framework for POTUS to evaluate military shipments across the globe remains in effect and is integral to our America First defense priorities.’ 

Fox News’ Caitlin McFall, Jasmine Baehr and Jennifer Griffin contributed to this report. 

This post appeared first on FOX NEWS

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Biden chief of staff gave reportedly gave approval for autopen pardons on final day in office

Former President Joe Biden’s chief of staff issued final approval for multiple high-profile preemptive pardons during Biden’s final days in office, according to a new report. 

Biden’s alleged use of the autopen has become a sticking point for months, as President Donald Trump has said thousands of pardons Biden signed were void and claimed that the former president did not know what documents he was signing through the automated device. 

Biden issued a series of preemptive pardons on his final day to officials including former Chief Medical Advisor to the President, Anthony Fauci, and former chairman of the Joint Chiefs of Staff Gen. Mark Milley in an attempt to safeguard them from retribution from Trump. 

In an article intended to be his defense for the autopen issue, it emerged that, although Biden reportedly made the decision in a meeting, Biden’s Chief of Staff Jeff Zients is the one who gave final approval for the use of the autopen, at least in the case of Fauci and Milley, the New York Times reported. 

On Biden’s final day as president, Jan. 19, Biden had a meeting with his aides until nearly 10 p.m. to talk about various preemptive pardons, the Times reports. Emails obtained by the Times show that an aide sent a summary draft of the decisions formalized during that meeting to Zient’s assistant at 10:03 p.m. 

The assistant sent the email to Zients and others present in the meeting, requesting approval from Zients and White House Deputy Chief of Staff Bruce Reed at 10:28 p.m., the Times reported. Zients replied all to the email three minutes later, the outlet said. 

‘I approve the use of the autopen for the execution of all of the following pardons,’ Zients said in the email, according to the Times. 

Zients could not be immediately reached for comment by Fox News Digital. 

Additionally, the Times report said that Biden did not personally approve each name included in the broad, categorical pardons. 

‘Rather, after extensive discussion of different possible criteria, he signed off on the standards he wanted to be used to determine which convicts would qualify for a reduction in sentence,’ the Times reported. 

In response, the White House said that the report shed light on Biden’s trustworthiness, and accused the Biden administration of engaging in a cover-up scheme. 

‘The same president who lied through his teeth to the American people for four years about everything from his health to the state of the economy should not be trusted again,’ White House spokesperson Harrison Fields said in an email to Fox News. ‘The Biden administration conducted the most egregious cover-up scheme in American politics … The truth will come out about who was, in fact, running the country sooner or later, just as the truth is emerging about the state of Joe Biden’s cognitive and physical health.’ 

Biden granted a total of 4,245 acts of clemency during his administration, 96% of which were granted during his final months in office between October 2024 and January, according to the Pew Research Center.

Trump first accused Biden of using an autopen to sign important clemency documents in March. He has continued to bring up the issue, and sent a memo ordering Attorney General Pam Bondi to launch an investigation into Biden’s autopen use in June, and to probe if the usage stemmed from a decline in Biden’s mental acuity. 

‘In recent months, it has become increasingly apparent that Biden’s aides abused the power of presidential signatures through the use of an autopen to conceal Biden’s cognitive decline and assert Article II authority,’ Trump wrote in the memo. 

‘This conspiracy marks one of the most dangerous and concerning scandals in American history. The American public was purposefully shielded from discovering who wielded the executive power, all while Biden’s signature was deployed across thousands of documents to effect radical policy shifts.’

A White House official previously told Fox News Digital that Trump uses his hand signature for every legally operational or binding document. Even so, Trump has admitted that he uses an autopen for letters. 

An autopen is a machine that physically holds a pen and features programming to imitate a person’s signature. Unlike a tam or a digitized print of a signature, the autopen has the capability to hold various types of pens like a ballpoint to a permanent marker, according to descriptions of autopen machines available for purchase. 

Fox News’ Andrea Margolis and Pat Ward contributed to this report. 

This post appeared first on FOX NEWS

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Trump gathers CEOs for unprecedented faith, economy meeting to renew US ‘spiritually and financially’

President Donald Trump will recognize CEOs and business leaders who donate their time to faith-based charitable works and encourage them to continue investing with the White House Faith Office during a luncheon at the White House on Monday.

The president and the White House Faith Office are expected to host the luncheon, which will include more than 60 CEOs and business leaders, in the State Dining Room.

Founder of Hobby Lobby David Greene, Chairman and CEO of Jockey International, Inc. Debra Waller, Quest Events founder Lee Dunlap, Aethon Energy founder Albert Huddleston, Shoppa’s Material Handling founder Jimmy Shoppa and others are expected to attend.

The president will be joined by Cabinet secretaries for the event, where he is expected to deliver remarks to thank the business leaders and encourage a continued partnership with the White House Faith Office.

White House Faith Office senior advisor Pastor Paula White, Faith Director Jenny Korn, National Economic Council Director Kevin Hassett, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Small Business Administrator Kelly Loeffler will attend the event and also deliver remarks.

The luncheon Monday is the first event of its kind, with White House Faith Office officials telling Fox News Digital that they have invited business leaders who work with faith-based charitable organizations ‘in a big way domestically and internationally.’

The president, in his remarks, is expected to explain why the White House Faith Office is so important to his agenda. He will also encourage business leaders to help the Trump administration, specifically on programs concerning foster care and adoption, fatherhood initiatives, poverty alleviation, substance abuse and prisoner reentry.

‘These are purpose-driven individuals who use their wealth for good in the Earth,’ the official said. ‘Faith and Economy come together to Make America Great Again—spiritually and financially.’

‘President Trump is not only making America affordable, prosperous and strong again — he is making our country faith-centered again,’ Paula White, senior advisor to the White House Faith Office, told Fox News Digital. ‘CEOs and business leaders who give back their time and treasure is what America is all about.’

Trump signed an executive order establishing a White House Faith Office in February. 

The office empowers faith-based entities, community organizations and houses of worship ‘to better serve families and communities,’ according to the White House. 

The office is housed under the Domestic Policy Council and consults with experts in the faith community on policy changes to ‘better align with American values.’ 

This post appeared first on FOX NEWS

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Iranian crowdfunding campaign claims to raise $40M as reward for assassinating Trump

An Iranian movement called the ‘Blood Covenant’ is claiming to have crowdfunded more than $40 million as a reward for assassinating President Donald Trump, according to the Middle East Media Research Institute (MEMRI). 

A website for the movement contained a poster of Trump in crosshairs with an appeal to donate ‘in order to ‘help establish stable peace,’’ the nonprofit reported. It added that the poster quotes a verse from the Quran that reads, ‘Strive with your wealth and your lives in the cause of Allah.’ 

‘This is a call to jihad, inviting believers to donate their money and sacrifice their lives,’ MEMRI said. ‘The poster lends religious legitimacy to assassinating Trump.’ 

The apparent threat comes weeks after the U.S. launched devastating airstrikes on Iran’s nuclear facilities. 

‘In Iran in recent days there has been an increase in explicit calls for assassinating Trump, from the Iranian regime’s religious establishment, due allegedly to a threat by Trump to assassinate Iranian Supreme Leader Ali Khamenei – even though Trump said he had actually prevented such a move,’ MEMRI said. ‘These calls are backed by fatwas issued in late June by Iranian grand ayatollahs. The fatwas stated that the punishment for Trump is the same as for a muhareb – that is, an enemy of Allah and Islam – and that is death, and the permitting of his blood.’ 

‘Iranian regime officials, among them Assembly of Expert members who are close to Supreme Leader Ali Khamenei, senior clerics and lecturers at the Howza-e Ilmiyya seminaries, and the regime’s Friday preachers, are explicitly calling for Trump’s assassination,’ MEMRI added. 

‘The fact that these calls to assassinate Trump are coming from above and being echoed in the street and through all strata of society, including in the Iranian media, underlines the depth and uniformity of the regime’s institutional incitement,’ it also said. ‘It reflects a broad religious and regime consensus strengthened by reiterated emphasis of the reward anyone carrying out the punishment against Trump can expect to receive – in addition to the $40.3 million, also Paradise and the status of a defender of Islam.’ 

The Foundation for Defense of Democracies alleged that an Iranian national and former employee for the Islamic Republic of Iran Broadcasting – which it described as ‘the regime’s main propaganda network’ – is behind the creation of the ‘Blood Covenant’ website. 

The State Department did not immediately respond Monday to a request for comment from Fox News Digital. 

A senior State Department official said the Trump administration is aware of the threats against the president, according to the Washington Free Beacon. 

This post appeared first on FOX NEWS

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Rick Rule: Gold’s Next Move, Hated Sectors I Love, Top 3 ASX Mining Stocks

Rick Rule, proprietor at Rule Investment Media, shares his latest thoughts on the resource space, including the sectors where he sees the most hate — and the most opportunity.

Click here to download recordings from the Rule Symposium.

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

This post appeared first on investingnews.com

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Crypto Market Recap: Trump Media Files for Third Crypto ETF, Tether Reveals Gold Holdings

Here’s a quick recap of the crypto landscape for Wednesday (July 9) 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’s (BTC) price peaked at US$111,744 as the market wrapped, a 2.7 percent increase in the last 24 hours. The day’s range for the cryptocurrency also brought a low of US$108,644.

Crypto analyst TradingShot believes Bitcoin may not experience another rally this cycle, despite projections exceeding US$160,000. This assessment is based on Bitcoin’s historical four year patterns.

According to TradingShot, Bitcoin has not broken out of its current upward channel to trigger the explosive rallies seen in 2017 and 2021. If the four year cycle holds, time is running out for such a breakout.

Ethereum (ETH) is priced at US$2,772.50, up by 6.3 percent over the past 24 hours. On Wednesday, the cryptocurrency hit a low of US$2,635.74 before rallying to finish the day at its peak, mirroring a broader market trend.

Altcoin price update

Bitcoin price performance, July 9, 2025.

Chart via TradingView.

  • Solana (SOL) was priced at US$157.12, up by 3.7 percent over 24 hours. Its lowest valuation as of Wednesday was US$153.45.
  • XRP was trading for US$2.42, up 4.5 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.36
  • Sui (SUI) was trading at US$3.05, up by 4.9 percent over the past 24 hours. Its lowest valuation was US$2.93.
  • Cardano (ADA) is priced at US$0.6217, up by 5.6 percent in the last 24 hours. Its lowest valuation as of Wednesday was US$0.6027

Today’s crypto news to know

US Senate committee gathers for hearing on digital assets

The US Senate Banking Committee held a hearing on Wednesday dubbed ‘From Wall Street to Web3’ to discuss proposed legislation regarding digital assets, including the Clarity Act.

Massachusetts Democrat Elizabeth Warren, a longtime crypto critic, said she is in favor of laws regulating digital assets that strengthen the financial system in the US, but criticized aspects of the Clarity Act that she said would allow non-crypto companies to “put their stocks on the blockchain,’ evading US Securities and Exchange Commission guidelines.

“That is a serious problem for our country,” she warned.

Ahead of the hearing, Warren sent a statement to analytical publication the Block, accusing Republicans of enabling “industry handouts” to crypto lobbyists. Other vocal critics of the bill include New York Attorney General Letitia James and the ranking member of the House Financial Services Committee Maxine Waters.

Both she and Warren have questioned the ethics of US President Donald Trump’s business ties to the industry. At the hearing, former chief White House ethics lawyer Richard Painter, who was invited to speak by Warren, said:

“We cannot have the people who are in charge of passing legislation and enforcing legislation, implementing legislation, have conflicts of interest with their official responsibilities. You should be divesting from crypto if you’re going to be regulating crypto.”

Lawmakers are now facing a September 30 deadline to define cryptocurrencies, address Trump’s crypto interests and finalize industry rules.

RLUSD gains traction via Transak integration and BNY Mellon custody

Transak, a Web3 onboarding infrastructure provider allowing users to buy and sell digital assets using traditional payment methods, officially integrated Ripple’s US-dollar pegged stablecoin, RLUSD.

The move expands the token’s reach to 8.3 million additional users across 64 countries.

“Transak has always strived to make finance truly accessible and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements,” said Sami Start, CEO and co-founder of Transak.

“With this integration, users gain access to one of the most thoughtfully designed stablecoins in the market, now available through a seamless and trusted fiat-to-crypto experience.”

The news was announced the same day Ripple chose Bank of New York Mellon to custody its USD reserves. This move by a traditional financial giant lends significant institutional credibility to Ripple’s stablecoin, which was built as an enterprise-grade stablecoin to improve the efficiency of cross-border transactions.

“As primary custodian for RLUSD, we’re proud to support the growth of digital assets by providing a differentiated platform, designed to meet the evolving needs of institutions in the digital assets ecosystem,” said Emily Portney, global head of asset servicing at Bank of New York Mellon.

South Korea to reclassify crypto businesses as venture companies

South Korea’s Ministry of SMEs and Startups announced Wednesday that it will lift current restrictions preventing crypto-related businesses from qualifying as venture companies. Firms in the virtual asset sector are currently restricted in their eligibility for various tax breaks and financial support due to crypto regulations implemented last year.

However, the minister said that the proposed amendment reflects “a shift in perception” regarding the industry.

“It is expected that the virtual asset business operators based on new technologies with innovation and business viability will be newly recognized as venture companies, and existing venture companies will also be able to promote virtual asset-related businesses,” the statement explains, “which will lead to the activation and expansion of the venture ecosystem and promote the fostering of the virtual asset industry.”

This change will be supported by the establishment of “legal and institutional safeguards” designed to protect users. Public comments on the proposal will be accepted by the ministry until August 18.

Tether reveals it holds US$8 billion in gold in private Swiss vault

Tether, the issuer behind the world’s largest stablecoin, USDT, has disclosed it holds nearly 80 metric tons of gold worth US$8 billion in a private Swiss vault, according to a Bloomberg report.

The company, which manages over US$159 billion in circulating stablecoins, says most of the gold is directly owned by Tether, making it one of the world’s largest private gold holders outside of sovereign institutions.

CEO Paolo Ardoino confirmed the gold is stored in a highly secure location in Switzerland, though he declined to disclose the exact facility for safety reasons.

The firm also operates a gold-backed token called XAUT, with each coin redeemable for one ounce of physical gold.

Tether’s increasing exposure to gold comes amid rising demand for safe-haven assets and ongoing concerns about US debt sustainability. However, new regulations in the US and EU may force the company to divest gold from USDT’s reserves if it seeks formal approval in those markets.

Trump Media files for Crypto Blue Chip ETF

Trump Media & Technology Group (NASDAQ:DJT) has filed to launch its third crypto-focused exchange-traded fund (ETF) under the Truth Social brand. Called the “Crypto Blue Chip ETF,’ the fund will aim to allocate 70 percent to Bitcoin, 15 percent to Ether and the remainder to Solana, Cronos and XRP.

This marks the latest move by the Trump-affiliated media company to expand its crypto investment footprint following two prior filings focused more narrowly on Bitcoin and Ether.

The ETF is set to trade on NYSE Arca, and is being developed in partnership with Crypto.com.

The company had earlier disclosed plans to raise US$2.5 billion to directly acquire Bitcoin. While Trump Media shares rose nearly 3 percent on the day of the announcement, it remains down over 40 percent year-to-date.

Sequans soars 43 percent on Bitcoin treasury strategy

Chipmaker Sequans Communications (NYSE:SQNS) saw its share price jump 43 percent after announcing a major pivot to a Bitcoin-based treasury reserve strategy. The firm raised US$384 million through equity and debt instruments to begin acquiring Bitcoin as a long-term corporate asset, emphasizing Bitcoin’s scarcity and independence from central banks as reasons behind the move and its potential to strengthen the company’s financial footing.

More than 40 institutional investors backed the fundraising, including convertible debentures and warrants that could bring in another US$57 million. The company plans to allocate future cash flows toward Bitcoin purchases.

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.

This post appeared first on investingnews.com

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Rare Earths Firm MP Materials to Get US$400 Million Defense Department Investment

The US Department of Defense (DoD) will become the largest shareholder in MP Materials (NYSE:MP) after agreeing to purchase US$400 million worth of preferred stock in the company.

MP Materials is known for owning and operating the only US rare earths mine.

The rare earths producer said the proceeds from the investment will fund the expansion of its processing capabilities at the Mountain Pass mine in California and support the construction of a second magnet manufacturing facility in the US.

The materials mined and processed by MP Materials are critical to the production of permanent magnets used in military systems, including the F-35 fighter jet, drones, and submarines.

The US has depended heavily on foreign imports for these materials — primarily from China, which accounted for about 70 percent of rare earth imports in 2023, according to the US Geological Survey.

In a press release issued on Thursday (July 10), MP Materials described the agreement as a ‘transformational public-private partnership.’ The company also said the deal will ‘dramatically accelerate the build-out of an end-to-end US rare earth magnet supply chain and reduce foreign dependency.’

The investment gives the Pentagon newly created preferred stock convertible into common shares, along with a 10-year warrant to buy additional stock at US$30.03 per share. If fully converted and exercised, the DoD would own 15 percent of MP Materials, based on current share counts as of Wednesday (July 9). That would exceed the 8.61 percent stake held by CEO James Litinsky and the 8.27 percent stake held by BlackRock Fund Advisors.

Litinsky emphasized that the deal does not equate to government control of the company. “This is not a nationalization,” he told CNBC. “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven.”

MP’s new magnet facility, called 10X, will increase the company’s magnet manufacturing capacity to 10,000 metric tons annually once it begins commissioning in 2028. The exact location of the facility has not yet been disclosed.

The Pentagon has committed to purchasing 100 percent of the magnets produced at the 10X facility for 10 years.

Additionally, the DoD will guarantee a minimum price of US$110 per kilogram for MP’s neodymium-praseodymium oxide, a key material for magnet production.

If market prices fall below that level, the Pentagon will pay the difference quarterly. In return, once the new facility is operational, the government will receive 30 percent of any upside above US$110 per kilogram.

To further support the buildout, MP Materials expects to receive a US$150 million loan from the Pentagon within 30 days to expand its heavy rare earth separation capabilities at Mountain Pass, the only active rare earth mine in the US.

It is also commissioning a magnetics facility in Texas, known as Independence, to bolster its downstream processing capabilities.

As the only domestic miner with vertically integrated capabilities and a clear path to rare earth magnet production at scale, MP Materials now sits at the center of the Biden-to-Trump era effort to bring critical minerals supply chains back to American soil.

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

This post appeared first on investingnews.com

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Crypto Market Recap: Bitcoin Hits New All-time High as ETF Inflows and Legislation Align

Here’s a quick recap of the crypto landscape for Friday (July 11) 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) was priced at US$118,036 at the end of the trading day, its highest valuation on Friday and a 4.1 percent increase in the last 24 hours. Earlier on Friday, Bitcoin saw a low of US$116,847.

Bitcoin price performance, July 11, 2025.

Chart via TradingView.

Bitcoin’s surge to a new all-time high of US$118,000 confirms a breakout above key resistance levels.

Glassnode confirms a US$4.4 billion increase in realized cap, indicating real capital inflows rather than just speculative trading. Based on data from the MVRV oscillator over the past four years, market analyst Axel Adler Jr. suggests that Bitcoin could reach approximately US$130,900 when the MVRV ratio hits 2.75, a level historically linked to profit taking and distribution. This would mark a 17 percent increase from current prices.

Some analysts have upside targets as high as US$150,000 in the weeks ahead.

The popular cryptocurrency’s rise came as investors cheered bipartisan US Senate passage of the GENIUS Act — a bill that would establish regulatory guardrails for stablecoins. The act would codify requirements for fiat-pegged stablecoins, offering investor protections while legitimizing the sector in the eyes of institutional capital.

Optimism was also supported by a softer US dollar and the Trump administration’s crypto-friendliness.

Bitcoin exchange-traded funds tracking Bitcoin have posted record volumes, drawing billions in net inflows.

Ethereum (ETH) was priced at US$3,001.99, up by 6.6 percent over the past 24 hours and just shy of an earlier peak of US$3,003.01. Its lowest valuation on Friday was US$2,593.05. ETH’s recent breakout is supported by bullish indicators suggesting a potential rally to US$3,400 if it can overcome resistance levels.

Altcoin price update

  • Solana (SOL) was priced at US$164.25, up by 3.1 percent over 24 hours. Its lowest valuation on Friday was US$162.25, and its highest was US$167.55.
  • XRP was trading for US$2.85, up 13.9 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.69 as the markets opened, and its highest was US$2.91.
  • Sui (SUI) is trading at US$3.51, up by 2.7 percent over the past 24 hours. Its lowest valuation was US$3.45, and its highest was US$3.56.
  • Cardano (ADA) is priced at US$0.7419, up by 13.7 percent in the last 24 hours. Its lowest valuation on Friday was US$0.7281, and its highest was US$0.7721.

Today’s crypto news to know

Ties between Trump coin and Binance under scrutiny

According to a Friday Bloomberg report citing three people familiar with the matter, cryptocurrency exchange Binance helped write the code behind USD1, the stablecoin issued by World Liberty Financial.

World Liberty Financial is one of the crypto businesses tied to US President Donald Trump and his family.

The report cites Abu Dhabi-based investment firm MGX’s announcement of a US$2 billion investment in Binance on March 12 using a then-unnamed stablecoin. Later, in May, co-founder Eric Trump said that the company would settle the investment using USD1, which was minted on the BNB chain on March 24.

The report found that 90 percent of the USD1 coins used in that transaction were still in Binance’s wallets as of Friday, where they are potentially generating tens of millions of dollars in interest for Trump and his family.

The report comes with three stablecoin bills poised for Congressional hearings and votes next week. Members of Congress have been divided over certain aspects of the legislation, with Trump’s financial ties to the industry a topic of scrutiny across the political spectrum and among various stakeholders in the financial and crypto communities.

Changpeng Zhao, former CEO of Binance, served four months in federal prison after pleading guilty to one felony count of violating anti-money laundering laws as part of a settlement with US authorities in 2023.

In May, Zhao said he was seeking a presidential pardon from Trump. In response to the new report, Zhao denied Binance’s involvement with World Liberty Financial, as well as the purchase of any World Liberty Financial coins.

Trump-linked $WLFI token gets US$100 million buy from anonymous entity

A little-known group called Aqua 1 Foundation became the largest public investor in World Liberty Financial’s crypto token $WLFI, buying US$100 million worth of the token in late June.

According to Reuters, though the foundation says it is based in the United Arab Emirates, public records offer no clarity on the group’s financial backers or its supposed founder Dave Lee.

The token purchase directly benefits the Trump family, which reportedly receives 75 percent of all $WLFI proceeds; the family’s estimated crypto earnings have now topped US$500 million.

While Aqua 1 said in a brief statement it was backed by ‘mission-aligned partners,’ it declined to offer transparency on its structure, citing privacy. US ethics experts have raised concerns over potential conflicts of interest, despite the White House stating Trump’s assets are in a trust managed by his children.

World Liberty and Trump Media & Technology Group (NASDAQ:DJT) did not respond to press inquiries.

HIVE Digital shares pop on new milestone

Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE) opened higher on Friday after the company announced a milestone hashrate of 12 exahashes per second (EH/s), effectively doubling its output since the beginning of the year.

The company anticipates further scaling its operations to achieve 18 EH/s.

This increase in hashrate is already generating over US$250 million in annualized revenue for HIVE Digital. Projections indicate this figure could rise to US$400 million once the 18 EH/s hashrate is achieved.

“We’re building high-performance campuses at hyper speed, turning Paraguay into a global hub for sustainable Bitcoin mining data centers and laying the groundwork for the AI data center era now soaring,” said Frank Holmes, co-founder and executive chair of HIVE, in a press release.

HIVE’s rapidly expanding operations in Paraguay, a region strategically chosen for its abundant and affordable hydroelectric power, are a major driver of its growth and a focal point for the company’s future.

Beyond the technological advancements and production increases, the company is also committed to making a difference in the local communities. “We’re not just building data centers — we’re creating economic opportunity, delivering social impact by lighting the streets of Valenzuela at night and installing air conditioning in local grade schools, and developing digital infrastructure on a scale few thought possible,” said Gabriel Lamas, HIVE’s country president.

EU regulator warns crypto firms over misleading investors

The European Securities and Markets Authority (ESMA) warned crypto platforms against blurring the distinction between regulated and unregulated products under MiCA, the EU’s new crypto framework.

ESMA said many crypto firms are offering both compliant and non-compliant services on the same platform, creating investor confusion and undermining MiCA’s consumer protections. Under MiCA, only firms licensed as crypto asset service providers are allowed to market specific financial products across the EU.

However, direct investments in commodities or crypto lending still fall outside the scope of those protections. ESMA also criticized some firms for using their regulated status as a marketing tactic to legitimize riskier services.

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.

This post appeared first on investingnews.com

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Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

 

(TheNewswire)

 

   

   
     

 

TORONTO, ON TheNewswire – July 14 2025 –Silver Crown Royalties Inc. (‘Silver Crown’, ‘SCRi’, the ‘Corporation’, or the ‘Company’) (Cboe:SCRI,OTC:SLCRF; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the final tranche (‘Final Tranche’) of its non-brokered offering of units (‘Units’) that was previously announced on May 20, 2025 (the ‘Offering’) and issued 132,693 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$862,505.50.

 

  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 closing date. A total of 235,531Units were issued in accordance with the Offering for cumulative gross proceeds of C$1,530,951.50.  

 

  The proceeds from the Final 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.  

 

  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, SCRi anticipates that Elk Gold will pay this residual amount owing on or before March 31, 2025. 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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