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The Trump administration’s successful surprise strikes on Iran on Saturday night were executed without issue after the National Security Council saw massive overhauls earlier in 2025, and the national security advisor was replaced by Secretary of State Marco Rubio to fulfill an additional job role that critics said would likely end in failure. 

President Donald Trump made a surprise announcement on Truth Social Saturday evening announcing the U.S. military carried out successful strikes on a trio of Iranian nuclear facilities as tensions and conflict heightened between Iran and Israel since June 12. 

‘A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime: Fordow, Natanz and Isfahan,’ Trump said from the White House in an address to the nation just hours after the Truth Social announcement. ‘Everybody heard those names for years as they built this horribly destructive enterprise. Our objective was the destruction of Iran’s nuclear enrichment capacity, and a stop to the nuclear threat posed by the world’s number one state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success.’ 

By Monday evening, Iran and Israel agreed to a ceasefire with Trump declaring the ’12 Day War’ was over following the U.S. strikes. 

The operation, which was also praised by Pentagon brass as a total success, was executed after the Trump administration slashed the National Security Council and replaced former national security advisor Mike Waltz with Rubio, who currently serves four different roles within the administration. 

Democratic lawmakers and former National Security Council staffers seethed against potential and finalized cuts to the council, alleging that Trump was politicizing and potentially crippling national security. 

The Trump administration and its supporters, however, viewed the overhauls as the president coming through on his campaign promise to strip Washington of the ‘deep state’ and streamline the office. 

The National Security Council operates within the White House to advise the president on foreign policy issues. 

It is chaired by the president, with other members including the vice president, the secretaries of state, treasury and defense, and the assistant to the president for national security affairs. Other staffers on the council include foreign policy experts who frequently join the team on loan from the Pentagon or State Department.

The Trump administration has made a handful of cuts to the National Security Council since Inauguration Day, most notably trimming roughly half of the National Security Council’s 350-person team in May, Fox Digital previously reported. Waltz, who served as Trump’s national security advisor for roughly 100 days, was removed from the post May 1 and named Trump’s nominee to serve as ambassador to the U.N. following a Signal chat leak with a journalist. 

Following Waltz’s departure, Trump named Rubio as his acting national security advisor, and he carried out a massive overhaul to the office, including trimming it of more than 100 staffers ahead of Memorial Day. 

‘The NSC is the ultimate Deep State. It’s Marco vs. the Deep State. We’re gutting the Deep State,’ a White House official told Axios in May as Rubio took a hatchet to the NSC staff. 

A White House official told Fox Digital on Monday that Rubio’s joint roles have allowed for ‘greater coordination between the State Department and White House,’ which they said has led to ‘more efficient execution of the president’s foreign policy agenda.’ 

Democrats, however, predicted that Rubio serving simultaneously as chief of the State Department and Trump’s national security advisor, would prove to be a failure. They argued that he would be unable to juggle the high-profiled roles, in addition to serving as acting archivist of the U.S., as well as acting administrator of the U.S. Agency for International Development.

‘There’s no way he can do that and do it well, especially since there’s such incompetence over at DOD with Pete Hegseth being secretary of defense and just the hollowing out of the top leadership,’ Illinois Democrat Sen. Tammy Duckworth said on CBS’ ‘Face the Nation’ last month. ‘There’s no way he can carry all that entire load on his own.’

‘I don’t know how anybody could do these two big jobs,’ Democrat Virginia Sen. Mark Warner said Sunday on CNN’s ‘State of the Union.’

Fast-forward less than two months; Trump and his national security team executed ‘Operation Midnight Hammer’ in Iran, which has received widespread support among Republicans and a handful of Democrats. Historic critics of the president, such as Democrat New York Rep. Alexandria Ocasio-Cortez and Republican Kentucky Rep. Thomas Massie, however, have railed against the operation as bypassing congressional authority. 

‘The success of Operation Midnight Hammer speaks to the unmatched capabilities of the United States military, as well as President Trump’s brilliant foreign policy strategy, which included working closely with his national security team to flawlessly execute this mission and obliterate Iran’s ability to possess a nuclear weapon,’ White House spokeswoman Anna Kelly told Fox Digital on Monday. 

‘As usual, Democrats and the legacy media were wrong – President Trump has rightfully placed immense trust in his top officials, including Secretary Rubio, Secretary Hegseth, and Director Gabbard, to help him make the world safer,’ she added. 

Trump repeatedly met with the National Security Council and other administration leaders between June 12 and last Saturday, when the strikes were ordered on Iran. 

Rubio, Secretary of Defense Pete Hegseth, and Vice President JD Vance were fixtures of the discussions, with photos showing them criss-crossing in and out of the White House last week as they reported to the Situation Room to meet with the president. The trio of U.S. officials flanked Trump as he addressed the nation about the operation Saturday night. 

‘For 40 years, Iran has been saying, ‘Death to America. Death to Israel.’ They have been killing our people, blowing off their arms, blowing off their legs with roadside bombs,’ Trump said in his address Saturday with the trio standing behind him. ‘That was their specialty. We lost over a thousand people, and hundreds of thousands throughout the Middle East and around the world have died as a direct result of their hate, in particular.’

‘Iran’s nuclear enrichment facilities have been completely and totally obliterated,’ Trump said. ‘And Iran, the bully of the Middle East, must now make peace. If they do not, future attacks would be far greater and a lot easier.’ 

The operation itself was cloaked in secrecy and took Iran and the world by surprise. Trump had said on Thursday – via comment from press secretary Karoline Leavitt – that he would make a decision on Iran within two weeks, which signaled a longer time frame than 48 hours for such a mission. 

There were no media leaks or speculation that such strikes were imminent, while earlier on Saturday, six B-2 stealth bombers from Whiteman Air Force Base in Missouri were spotted en route to a U.S. Air Force base in Guam, which signaled the U.S. was likely making moves on Iran, but not in just mere hours from when news broke of the stealth bombers. The bombers were later revealed to be decoys. 

Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, held a press conference Sunday from the Pentagon, where they celebrated that strategic deception and misdirection played a key role in the operation. 

‘At midnight Friday into Saturday morning, a large B-2 strike package comprised of bombers launched from the continental United States,’ Caine said on Sunday. ‘As part of the plan to maintain tactical surprise, part of the package proceeded to the west and into the Pacific as a decoy – a deception effort, known only to an extremely small number of planners and key leaders here in Washington and in Tampa.’ 

Hegseth said in his remarks before the media Sunday morning that the U.S. military had leveraged ‘misdirection’ and total secrecy, aside from top national security officials, to carry out the strikes ‘without the world knowing at all.’

‘It involved misdirection and the highest of operational security. Our B-2s went in and out of… these nuclear sites, in and out and back, without the world knowing at all,’ Hegseth said. ‘In that way, it was historic.’

It was the longest B-2 spirit bomber mission since 2001, the second-longest B-2 mission ever flown and the largest B-2 operational strike in U.S. history, Hegseth and Caine said during the Sunday press conference. 

Rubio spoke to the media on Sunday morning shows, telling ‘Sunday Morning Futures’ host Maria Bartiromo that the ‘most important thing’ Iran should realize following the strikes is ‘the game is up’ and it’s time for peace. 

‘They have played the world for 40-something years with these nuclear talks and delaying things… they’re not going to play President Trump, and they found out last night that when he says he’s going to do something, he’ll do it. And he doesn’t want to do it. It’s not his first choice, but it’s the only choice. That’s the choice the Iranian regime left us, because they play too many games,’ he said. 

Trump celebrated on Monday evening in another Truth Social post that Iran and Israel had reached a ceasefire deal and that the 12 Day War had ended.

‘On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, ‘THE 12 DAY WAR.’ This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn’t, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!’ he wrote. 

Tensions are still flared in the Middle East, as both Israel and Iran accuse each other of violating the ceasefire on Tuesday morning, with Trump urging them to put down their weapons while triumphantly declaring Iran’s nuclear capabilities have been crippled. 

‘IRAN WILL NEVER REBUILD THEIR NUCLEAR FACILITIES!’ Trump posted on Tuesday morning while heading to a NATO summit at the Hague in the Netherlands.

Fox News Digital’s Morgan Phillips contributed to this report. 

This post appeared first on FOX NEWS

President Donald Trump, fresh off announcing a ceasefire between Israel and Iran, is off to The Hague, Netherlands for the yearly summit of the North Atlantic Treaty Organization (NATO), a conference where he’s hoping to drum up another foreign policy win by pushing European leaders to increase defense spending.

The president is expected to land in the Netherlands on Tuesday and return to the White House on Wednesday. 

It’s Trump’s first NATO summit since becoming president for a second term. In the past, he’s railed against NATO members for ‘freeloading’ off U.S. military protection. This time, European allies are eager to prove him wrong. 

NATO reached an agreement for all nations to boost their defense spending to five percent of their gross domestic product, except Spain. 

Trump initially made the demand, which is expected to be finalized at the summit. 

‘This summit is really about NATO’s credibility, and we are urging all of our Allies to step up to the plate and pay their fair share for transatlantic security,’ U.S. NATO Ambassador Matthew Whitaker said.

Spain complicated the consensus when Prime Minister Pedro Sánchez demanded an exemption from the new spending target – which would be a sharp increase from the 2 percent target Spain has had trouble meeting. 

‘We fully respect the legitimate desire of other countries to increase their defence investment, but we are not going to do it,’ Sanchez said. 

Trump is expected to meet with Rutte and other world leaders and hold a press conference. Ukrainian President Volodymyr Zelenskyy is also expected to attend, continuing his push for Ukraine’s admission into the alliance and its collective defense pact.

NATO Secretary General Mark Rutte boasted that allies were ‘stepping up to equal sharing of responsibility for our shared security.’

Trump has said he does not think the U.S. needs to hit the 5% target. ‘I don’t think we should, but I think they should,’ he told reporters last week. 

The President’s time at the summit will be brief, spending approximately 24 hours on the ground. His meetings ‘will focus on issues of shared concern and reaffirm the United States strong ties with our allies and partners,’ according to an administration official.

But they come after Trump can boast of a ceasefire between Israel and Iran. 

‘It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED!’ Trump wrote on Truth Social. 

Rutte has suggested NATO would stand behind the U.S. after Iran launched a counterstrike on its air base in Qatar, following American attacks on three Iranian nuclear sites.

‘My biggest fear would be for Iran to own and be able to use a nuclear weapon,’ Rutte told reporters ahead of the summit.

He defended the U.S. strikes on Iran after being asked about parallels between the U.S. and Russia when it invaded Ukraine in 2022. 

‘This is a consistent position of NATO: Iran should not have its hands on a nuclear weapon,’ he said. ‘I would not agree that this is against international law — what the U.S. did.’

Rutte had wanted the summit to be a show of NATO unity to Russian President Vladimir Putin amid the ongoing war in Ukraine. But conflict between the U.S., Israel and Iran makes the conference less predictable. 

The Iraq War in 2003 deeply divided NATO: France and Germany were opposed to the invasion while Britain and Spain joined the coalition forces. 

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Sen. Lisa Murkowski, R-Alaska, called the prospect of caucusing with Democrats an ‘interesting hypothetical,’ but she fell short of fully committing to doing so if the Democrats pick up three seats in the 2027 midterms. 

‘It’s an interesting hypothetical,’ Murkowski said on the ‘GD Politics’ podcast with Galen Druke. ‘You started off with the right hook here, is if this would help Alaskans.’ 

The senator is promoting her new book, a memoir titled, ‘Far From Home.’ She was repeatedly asked if she would caucus with Democrats if the party divide in the upper chamber of Congress becomes 50-50 after the next election. 

‘That’s why this book is kind of scary, because now people know what motivates me, and it’s this love for Alaska and what I can do,’ she said. ‘So, that’s my primary goal. I have to figure out how I can be most effective for the people that I serve.’

Murkowski said the ‘problem’ she had with Druke’s hypothetical was that ‘as challenged as we may be on the Republican side, I don’t see the Democrats being much better.’ 

She said the Democrats also have policies that she inherently disagrees with. 

‘I can’t be somebody that I’m not,’ Murkowski said, describing how she received pressure to run as a Libertarian after narrowly losing the GOP Senate primary in 2010. She went on to win as a write-in candidate in a historic victory, launching her Senate career. ‘I can’t now say that I want this job so much that I’m going to pretend to be somebody that I’m not. That’s not who I am.’  

Druke, arguing that Murkowski would not have to become a Democrat to caucus with them, asked, ‘Is there world in which by becoming unaligned or an independent that you could help Alaskans, you’d consider it?’  

‘There may be that possibility,’ she said, noting that the Alaska legislature currently features a coalition with members of both parties.

‘This is one of the things that I think is good and healthy for us, and this is one of the reasons people are not surprised that I don’t neatly toe the line with party initiatives, because we’ve kind of embraced a governing style that says if you’ve got good ideas, and you can work with her over there, it doesn’t make any difference if you’re a Republican or Democrat,’ Murkowski said. ‘We can govern together for the good of the state.’ 

‘If Democrats won three seats in the next election and offered you a way to pass bills that benefit Alaskans if you caucused with them, you’d consider it?’ Druke pressed. 

Murkowski said in response that a coalition is ‘not foreign to Alaskans,’ but it is at the federal level in the U.S. Senate.

‘I’m evading your answer, of course, because it is so, extremely hypothetical, but you can tell that the construct that we’re working with right now, I don’t think is the best construct,’ Murkowski said, adding: ‘Is it something that’s worthy of exploration?’ 

Murkowski joked that Druke was trying to ‘make news’ and said the rank-choice voting system in Alaska means candidates are more likely to get elected if they are not viewed as wholly partisan.

‘It is a different way of looking at addressing our problems rather than just saying it’s red and it’s blue,’ she added. 

Druke hammered the senator again, saying, ‘Was that a yes? There’s some openness to it?’ 

‘There’s some openness to exploring something different than the status quo,’ she said. 

Murkowski, one of seven Republican senators who voted to convict President Donald Trump during his second impeachment trial after the Jan. 6 riot, recently called the July 4 deadline that GOP leadership wants to pass Trump’s ‘big, beautiful bill’ by ‘arbitrary.’  

‘I don’t want us to be able to say we met the date, but our policies are less than we would want,’ Murkowski told Axios. ‘Why are we afraid of a conference? Oh my gosh.’ 

Senate Majority Leader John Thune, R-S.D., and House Speaker Mike Johnson, R-La., are hesitant about going to conference with the upcoming debt ceiling ‘X date’ approaching and the party lines so tight. 

Murkowski, a critic of Trump’s foreign policy, particularly on Ukraine, told the Washington Post that she was in a ‘lonely position’ in the Senate, and sometimes feels ‘afraid’ to speak up among Republican colleagues out of fear of retaliation. 

‘We used to be called the world’s greatest deliberative body,’ she told the Post in a recent interview promoting her book. ‘I think we’re still called it, but now I wonder if it’s in air quotes.’

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Oil prices plummeted over 6 percent on Monday (June 23) as Iran launched a missile strike on a US military base in Qatar in retaliation for American airstrikes on Iranian nuclear facilities.

Reuters reported that Brent crude futures dropped US$4.90, or 6.3 percent, to settle at US$72.19 per barrel, while US West Texas Intermediate (WTI) crude slid US$4.60, or 6.2 percent, to US$69.23 per barrel.

The sharp declines followed initial spikes of nearly 5 percent on Sunday (June 22) evening, after US President Donald Trump confirmed that American forces had “obliterated” key Iranian nuclear sites in a joint response with Israel.

Despite dramatic headlines and a week of mounting hostilities, Iran’s retaliation against the US appears to have been designed to avoid triggering a full-scale energy crisis.

Tehran targeted the Al Udeid Air Base in Qatar, the largest US military installation in the Middle East, and claimed it matched the number of bombs used by the US — a move analysts say may signal a desire to limit escalation.

“It is somewhat the lesser of the two evils. It seems unlikely that they’re going to try and close the Strait of Hormuz,” Matt Smith, lead oil analyst at data and analytics firm Kpler, told Reuters.

The Strait of Hormuz, through which around 20 percent of the world’s oil supply flows daily, has long been seen as a flashpoint in Middle East conflict scenarios. Iran’s parliament has reportedly approved a measure to close the vital waterway, but implementation would require a nod from Iran’s national security council.

Experts have noted that such a move could prove harmful for Iran, which relies on the strait to export oil.

Oil prices face volatility

Oil traders initially braced for the worst as futures soared to five month highs on fears of supply disruptions.

Brent briefly touched US$81.40 before swiftly tumbling nearly US$9, while WTI reversed from US$78.40 to under $70 by Monday afternoon. The selloff was driven by relief that oil infrastructure was not targeted, as well as broader market optimism that hostilities may not spiral further — at least not yet.

Even so, shipping data indicates growing unease.

At least two oil supertankers made U-turns near the Strait of Hormuz following the US strikes.

The Coswisdom Lake and South Loyalty reversed course before ultimately entering the Persian Gulf, illustrating the caution with which commercial operators are treating the volatile region.

Market participants watch and wait

Oil’s tumble offered a temporary reprieve to global equities.

The S&P 500 (INDEXSP:INX) rose 0.7 percent by mid-afternoon, while the Dow Jones Industrial Average (INDEXDJX:.DJI) gained 269 points. The Nasdaq Composite (INDEXNASDAQ:.IXIC) was up 0.8 percent as investors speculated that Iran’s restrained retaliation might mark a turning point — or at least a pause — in the military escalation.

“The key question is what comes next,” analysts at S&P Global Commodity Insights wrote in a note, as reported by the Financial Times. “Will Iran attack US interests directly or through allied militias? Will Iranian crude exports be suspended? Will Iran attack shipping in the Strait of Hormuz?”

Meanwhile, Trump took to his Truth Social platform to urge increased domestic production in an effort to suppress oil prices, posting: “To the Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!”

Earlier in the day, the president warned oil producers: “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY.”

Trump’s concern underscores the political stakes of rising energy costs. Though oil prices have climbed around 10 percent since Israel’s initial strike on Iran 10 days ago, they remain below their January levels.

As oil markets brace for the next move, one thing is clear: while a major supply disruption has been avoided — for now — any shift in Tehran’s strategy could send prices spiraling again.

“So far, not a single drop of oil has been lost to the global market,” said Bjarne Schieldrop of SEB. “But the market is still on edge awaiting what Iran will do.”

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

This post appeared first on investingnews.com

An escalating conflict between Israel and Iran drew military inolvement from the US over the weekend, marking a significant ratcheting up of tensions in the region.

On Saturday (June 21), US B-2 bombers flying out of Whiteman Air Base and a US submarine stationed in an undisclosed location launched strikes against three sites in Iran. The targets were Iranian nuclear facilities at Fordo, Natanz and Isfahan that the US alleges were being used to enrich uranium to create a nuclear bomb.

Both Israel and the US have been adamant that Iran should not be allowed to have nuclear weapons.

The attacks mark the first time the US has used its 30,000 pound Massive Ordnance Penetrator in a combat role.

Prior to the strikes, the US had been working for several months to create a new nuclear deal with Iran.

President Donald Trump had given a deadline for the end of May, and had previously stated that if the Iranian regime did not give up its nuclear ambitions in that timeline, there would be “all hell to pay.”

Iran has retaliated against US bases in the Middle East, with US defense officials confirming an attack at the Al Udeid Air Base in Qatar on Monday (June 23). The base is the headquarters for US Central Command in the region.

In 2020, Iran carried out a similar retaliatory attack against a US base in Iraq following the assassination of Qasem Soleimani, who was head of the Quds Force, a special operations unit of the Islamic Revolutionary Guard.

The US received a warning prior to that attack, and no personnel were killed. The parties used the incident to de-escalate tensions in the region. It’s unclear whether this latest strike by Iran was intended to produce the same results.

Iran is currently considering blocking the Strait of Hormuz, a crucial shipping route for traffic in and out of the Persian Gulf. On Monday, the country’s parliament approved a motion to close the strait; however, implementation would require approval from Iran’s national security council, and experts suggest such a move would hurt more than help Iran.

If approved, the closure could send ripples through global oil markets, with some analysts predicting Brent crude could surge to over US$110 per barrel. A prolonged closure could also exert significant inflationary pressures.

Commodities and markets stay calm

Market reactions to the weekend’s attacks have largely been muted.

Brent crude was down 6.5 percent by 3:00 p.m. EDT on Monday, trading at US$70.68. The gold price put on a relatively flat performance, breaching US$3,390 per ounce, but pulling back to the US$3,370 level.

The silver price was also unchanged, gaining just 0.07 percent to US$36.31 per ounce.

Gold price, June 23, 2025.

US equities saw moderate gains, with the S&P 500 (INDEXSP:INX) climbing 0.8 percent to 6,014.6, the Nasdaq-100 (INDEXNASDAQ:NDX) rising 0.88 percent to 21,817.35 and the Dow Jones Industrial Average (INDEXDJX:.DJI) gaining 0.75 percent to 42,519.63.

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

This post appeared first on investingnews.com

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce that John Hancock will join the Board of White Cliff Minerals effective 1 August 2025.

The Company is also pleased to announce that is has entered an advisory mandate with John Hancock’s family office Astrotricha Capital SEZC with Gavin Rezos as its CEO. This engagement, alongside John’s appointment to the Board comes at a pivotal time for White Cliff as its highly anticipated follow up campaign at the Rae Copper Project will shortly commence.

“Alongside our brokers, we have now worked with our Strategic Advisor John Hancock and his family office Astrotricha Capital on two successful capital raises totalling more than A$15m. We now welcome John to the Company as a Non-Executive Director who, alongside Astrotricha CEO Gavin Rezos, will bring further industry experience and strategic advice as we embark on the next phase of exploration at our Rae Copper Project where we will shortly commence drilling at the high-grade Danvers deposit and the giant geophysical anomaly at the sedimentary target – Hulk.’

Troy Whittaker – Managing Director

‘White Cliff’s first mover advantage in what may be one of the most prospective copper regions globally led to my involvement as Strategic Advisor and then via on-market purchases and the capital raises, to become the Company’s largest shareholder. The Company is well-funded to shortly commence the large drill campaign at Rae as a follow on from our earlier world class intercepts at the Danvers deposit. I am pleased Gavin Rezos, via Astrotricha Capital SEZC, will provide his extensive experience and networks to compliment my own contribution.’

John Hancock – Incoming Non-Executive Director

John’s experience in the mining and exploration industry began more than 40 years ago visiting Pilbara iron ore prospects with his grandfather, Lang Hancock. During the 1990s he was part of marketing missions representing the Hope Downs Iron Ore project to customers and investors in China, Japan and Germany, including co-presenting the project at the 1997 Iron and Steel Conference held in Berlin. After two years working in South Africa with Iscor Mining (now Kumba) and on return to Australia completing an MBA, John transitioned to the role of investor and over the last 20 years has built a record of successful early-stage investments in Lithium and Uranium, including substantial holdings in Vulcan Energy and Aura Energy. His experience in international resource development and capital markets includes the role of Senior Advisor to a New York based fund that during his tenure has deployed more than $500m to small-cap companies in both Australia and Canada, particularly within the mining industry.

‘Astrotricha has introduced high net worth investors and funds from Australia and globally to the WCN register. Our combined successful track record in assisting the development of resource projects and many years’ experience in international capital markets, corporate advisory, project development and corporate governance has attracted a range of co investors, both financial and strategic, ready to follow Astrotricha into new companies as those companies develop and their market capitalisation grows. Astrotricha’s aim is to invest at an early stage into potential Tier 1 resource companies and assist them over the development journey. White Cliff was identified as a prime candidate by John Hancock in 2024.”

Gavin Rezos – CEO Astrotricha Capital SEZC

Gavin Rezos has extensive Australian and international investment banking, corporate advisory and governance experience and is a former Investment Banking Director of HSBC Group with regional roles during his career based in London, Sydney and Dubai. Admitted as a solicitor in Australia and England, Gavin has been legal advisor for HSBC on transactions in Australasia, Europe, Latin America and the Middle East. Gavin has held Chairman, Board and CEO positions of public companies in the resources, materials and technology sectors in Australia, the UK, Germany and the US and during these tenures raised a total of over $1.8 billion for project development. Gavin is the former Chairman of Vulcan Energy Resources, non-executive director of Iluka Resources and of Rowing Australia, the peak Olympics sports body for rowing in Australia. As an early-stage founder director, Gavin has taken 3 companies from start up to the ASX300 and one to a market capitalisation of over $1 billion.

Director Retirement

Daniel Smith has informed the Board of his intent to retire as a director of White Cliff to focus on his other professional interests from 1 August 2025. The Board is grateful to Dan for his contribution to White Cliff over the last 5 years and wishes him all the best in his future endeavours.

Click here for the full ASX Release

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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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