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Government shutdown begins as House GOP campaign arm heaps pressure on Dems

House Republicans’ campaign arm is going after Democrats hours after the federal government entered a shutdown at midnight on Wednesday.

A new National Republican Congressional Committee (NRCC) ad being rolled out in 42 battleground districts is aimed at putting pressure on Democratic lawmakers to accept the GOP’s plan and end the shutdown.

‘Democrats refused to fund the government. So now military troops, police and Border Patrol lose their paychecks. Because of Democrats, veterans, farmers, small businesses lose critical funding. Disaster relief — cut off,’ a voiceover states.

‘Democrats are grinding America to a halt in order to give illegal immigrants free healthcare. Tell Democrats: Stop the shutdown.’

The ad buy came at a four-figure price tag, according to an NRCC spokesperson.

It’s being rolled out in 25 districts represented by Democrats and 17 held by Republicans.

The federal government shut down overnight after Democrats and Republicans in the Senate failed to reach a spending agreement in time for the end of fiscal year (FY) 2025 on Sept. 30.

A short-term extension of FY 2025 funding, aimed at giving Congress more time to reach a longer-term deal, failed to advance in the Senate on Tuesday evening.

The measure, aimed at keeping the government open through Nov. 21, passed the House mainly along party lines earlier this month.

Democrats were angered at being sidelined in the spending negotiations, and by the GOP bill’s exclusion of enhanced COVID-19-era Obamacare subsidies. Those subsidies, passed in 2021 under President Joe Biden, are set to expire by the end of 2025 without congressional action.

Republicans have signaled that they will not budge from their measure, citing Democrats’ past support for similar bills aimed at averting shutdowns.

‘Out of touch Democrats shut down the government to bankroll handouts for illegal immigrants and appease their radical base. Voters won’t forget who betrayed them, and the NRCC will make sure Democrats pay the price,’ NRCC spokesman Mike Marinella told Fox News Digital.

President Donald Trump and his administration have wide discretion over what changes occur during a shutdown.

However, it’s likely that thousands of government employees get furloughed, while others are made to work without paychecks until funding is reinstituted. A host of federal agencies and services could also be shuttered.

Some federal workers could lose their jobs permanently as well, with Office of Management and Budget Director Russ Vought issuing guidance earlier this month warning offices to consider plans for mass layoffs in the event of a shutdown.

This post appeared first on FOX NEWS

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Supreme Court must freeze the climate extortion of our energy industry

A judicial consensus is forming against climate lawfare, but the U.S. Supreme Court must still end environmental extortion of American energy. In two landmark cases, the court will soon have the opportunity to reassert the federal government’s authority over questions of national energy and environmental policy. 

Environmental groups believe that energy use increases global temperatures, causes sea levels to rise and creates more destructive weather. Their campaign to curtail energy has taken many forms — including asking the Environmental Protection Agency (EPA) to block pipelines and the Interior Department to deny oil and gas leases — but it met a roadblock with the 2024 election and the Trump administration’s subsequent blizzard of executive orders lifting overregulation.  

Rather than pursue their interests in Congress or before the electorate, environmental extremists have now allied with bankrupt cities and trial lawyers to use the courts to shake down the energy industry. Blue cities and states have filed tort suits in state courts to extract money for allegedly causing weather-related costs in their jurisdictions. 

The Supreme Court will soon decide whether to take up one of those cases, Boulder County v. Suncor Energy, following a ruling this year from the Colorado Supreme Court that allowed the county’s case to move forward in state court. Borrowing theories of liability from tobacco and opioid litigation, Boulder alleges that energy companies sold their products without disclosing climate risks. Such claims plainly intrude on federal authority over interstate pollution. 

Other climate cases are still progressing in lower state courts. In Hawaii, summary judgment motions are pending in a case seeking damages for rising sea levels. Hawaii’s highest court allowed this litigation to move forward in 2023 with Justice Todd Eddins issuing a remarkable concurrence, declaring that litigation would proceed under the ‘Aloha Spirit,’ regardless of federal precedent.  

In Rhode Island, the state judge presiding over a similar lawsuit against the energy industry compared it to developing nations devastated by natural disasters, citing Kenya, Tanzania and the Seychelles. The suggestion that Rhode Island has suffered comparable ‘severe destruction’ is telling: judges are inflating rhetoric to justify climate claims, not grounding them in law.  

Meanwhile, other states are effectively trying to replace federal authority over environmental policy. In Louisiana, plaintiffs obtained a $750 million judgment (potentially over $1 billion with interest) against Chevron for coastal erosion that they claimed was caused by oil extraction during World War II. Those companies had been under federal contracts to supply aviation fuel for the war effort. Yet eight decades later, Louisiana claims it can punish those practices retroactively. 

The energy firms sought to move the case to federal court because of its genesis in work for the federal government. But a divided 5th U.S. Circuit Court of Appeals panel refused to allow it. As Judge Andrew Oldham rightly noted in dissent, crude oil extraction plainly ‘relates to’ war production. If states can sue private businesses for their wartime work generations later, future cooperation with the federal government will be chilled, raising the costs of national defense. This coming term, the Supreme Court will review the Fifth Circuit’s decision. 

Despite some disappointing rulings from activist judges, a growing number of state courts are beginning to resist such frivolous claims. A Maryland judge rejected Baltimore’s lawsuit that alleged fossil fuels caused sea rises that have harmed the city; the Maryland Supreme Court will hear the appeal later in October. A South Carolina court dismissed Charleston’s similar claims, which blue city officials will almost certainly appeal as well. Likewise, nearly identical state and municipal lawsuits have been similarly dismissed in Pennsylvania, New York, Delaware and New Jersey. 

Notwithstanding some recent wins, climate lawfare is like Hydra — new cases are constantly being brought. Even if higher courts ultimately overturn them, simply forcing the industry to defend against these suits imposes enormous litigation costs. That alone is a victory for environmental radicals. At this stage, the Supreme Court must act to reaffirm federal authority over national energy and environmental policy.  

If climate change is producing harmful effects nationwide, then the nation should decide how to address it. As the U.S. Court of Appeals ruled in a 2021 case rejecting New York City’s lawsuit against Chevron, ‘the question before us is whether a nuisance suit seeking to recover damages for the harms caused by global greenhouse gas emissions may proceed under New York law. Our answer is simple: no.’ However, they frame their aims, blue cities and states are trying to set nationwide climate policy through litigation — violating federal law and tort principles. 

As the country decides how to respond to climate change, those choices — including the possibility of not acting — must have nationwide legitimacy. Courts cannot allow a handful of blue jurisdictions, aided by trial lawyers and environmental activists, to dictate those decisions for the rest of America. 

This post appeared first on FOX NEWS

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Federal judge disqualifies acting Nevada US attorney from handling cases

A federal judge disqualified Acting U.S. Attorney for the District of Nevada Sigal Chattah from involvement in several cases.

‘Given the Court’s conclusion that Ms. Chattah is not validly serving as Acting U.S. Attorney, her involvement in these cases would be unlawful,’ the order signed by senior U.S. District Judge David G. Campbell declares. ‘The Court will disqualify Ms. Chattah from participating in or supervising Defendants’ prosecutions.’

‘Defendants’ motions are granted to the extent they seek disqualification of Ms. Chattah from supervising their criminal prosecutions. Ms. Chattah is disqualified from supervising these cases or any attorneys in the handling of these cases. The government attorneys handling these cases shall, within 7 days of this order, file statements in the docket that they are not being supervised by Ms. Chattah in their prosecution of these cases,’ the order notes.

‘Defendants’ motions are denied to the extent they seek dismissal of their indictments,’ the order also declares.

Chattah unsuccessfully ran for Nevada attorney general as a Republican in 2022, but lost the contest to incumbent Democratic state attorney general Aaron Ford.

Democratic U.S. Sen. Catherine Cortez Masto of Nevada asserted in part of a post on X that Chattah ‘has no business being our U.S. Attorney and she needs to resign now.’

Chattah currently has a post pinned to the top of her personal X profile that declares, ‘We are all Charlie,’ in a reference to conservative activist Charlie Kirk, who was assassinated last month — her post also includes the broken heart and American flag emojis.

This post appeared first on FOX NEWS

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Republicans erupt over shutdown chaos, accuse Dems of holding government ‘hostage’

Republicans and Democrats are trading barbs on Wednesday morning as the federal government settles into the first day of a shutdown.

‘Democrats made this choice, Democrats forced this crisis, and Democrats alone will answer to hardworking Americans now paying the price for their reckless agenda,’ Republican Study Committee Chair August Pfluger, R-Texas, told Fox News Digital on Tuesday night.

The government entered a shutdown just after midnight Wednesday after the Senate failed to advance a short-term federal funding bill called a continuing resolution (CR) hours earlier. The measure did not reach the necessary 60 votes to overcome a Senate filibuster — falling 55-45 — with just three Democrats joining the GOP on Tuesday night.

Certain federal services will temporarily cease to function, and some government workers — including the military and air traffic controllers at airports — must continue to clock in under deferred pay.

Veteran services and military operations will continue to be funded, and Social Security checks will continue to be sent out to Americans, among other essential services.

But some federal workers could lose their jobs altogether, as indicated by a memo sent to federal agencies earlier this month by Office of Management and Budget (OMB) Director Russ Vought.

Republicans are now blaming Democrats for plunging the government into a shutdown, while Democrats are accusing Republicans of refusing to negotiate on what’s traditionally a bipartisan exercise.

‘Virginia is home to tens of thousands of federal workers, contractors and service members who keep our country running. Tonight, they are once again being forced to wonder when they will get their next paycheck — not because they failed to do their jobs, but because lawmakers in Congress failed to do theirs,’ Rep. Eugene Vindman, D-Va., whose district includes the D.C. suburbs, said in a Tuesday night statement. 

‘Trump and his rubber-stamp Republicans have chosen to hurt Virginia families instead of working across the aisle. It’s past time they come to the table so we can find real solutions, reopen the government, and deliver for the people we serve.’

Meanwhile, Rep. Michael Rulli, R-Ohio, whose coal country district includes Youngstown, told Fox News Digital, ‘The current government shutdown is the culmination of months of the same tired and disruptive tactics used by the left against the American people.’

‘In November 2024, President Trump and the Republicans received an overwhelming mandate to govern. Yet, every time we try to implement the changes demanded by voters, we face fierce resistance — even on straightforward measures like a clean CR, which Congress approved 13 times before,’ Rulli said.

Rep. Nick Langworthy, R-N.Y., wrote on X, ‘FACT: Schumer led a shutdown to hold the government hostage for a $1.5 trillion liberal payout.’

His message came in reference to Democrats’ own CR proposal calling for a repeal of healthcare spending cuts made in the GOP’s ‘Big, Beautiful Bill.’ Their plan would have also restored funding to NPR and PBS that was cut by the Trump administration earlier this year.

Meanwhile, Democrats have also demanded any CR include Obamacare subsidies, enhanced during the COVID-19 pandemic but due to expire this year, in exchange for their votes.

‘Thousands of hard-working federal employees in Maryland’s 7th Congressional District woke up this morning to learn whether they were furloughed or required to work without pay,’ Rep. Kweisi Mfume, D-Md., wrote on X. ‘This shutdown was entirely avoidable. Democrats in Washington remain ready, willing and able to negotiate a bipartisan agreement to keep the government open and lower healthcare costs for Americans everywhere.’

Rep. Bennie Thompson, D-Miss., similarly said in a statement, ‘Democrats have been clear for months: we will not support a budget that inflicts a healthcare crisis on the American people in order to fund Trump’s continued destruction of our democracy and out-of-control mass deportations.’

First-term Rep. Brandon Gill, R-Texas, countered that ‘Democrats created this crisis.’

‘Democrats in the Senate just voted to shut the government down. This will impact food assistance programs, veterans’ care, troops’ pay, TSA agents’ and air traffic controllers’ pay, and so much more. Their reason? They want to restore taxpayer-funded healthcare for illegal aliens and prop up liberal news outlets with your $$,’ House Majority Whip Tom Emmer, R-Minn., said.

House Speaker Mike Johnson, R-La., and House Minority Leader Hakeem Jeffries, D-N.Y., have also heaped blame on one another’s parties, with both expected to make their cases to Americans on Wednesday.

The Senate is also expected to vote on the CR again on Wednesday.

This post appeared first on FOX NEWS

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Top insurance company in hot seat as blistering new ad campaign exposes ‘radical woke ideology’

A leading nonprofit dedicated to consumer information is launching a seven-figure ad campaign against what it is calling the ‘wokest insurance company’ in the country.

In a letter to the Department of Justice and Treasury Department, Consumers’ Research alleges that Chubb Insurance has ‘ongoing practices’ which go against the Trump administration’s agenda but ‘very likely the Civil Rights Act and other federal anti-discrimination laws.’

‘Chubb Insurance is all-in on pushing radical woke ideology. CEO Evan Greenberg openly opposes basic protections for women’s spaces, attacks democratic laws, continues to embrace DEI, and props up groups that expose kids to dangerous transgender activism,’ Will Hild, Executive Director of Consumers’ Research, said in a statement exclusively to Fox News Digital.

‘On climate, Chubb has a history of weaponizing insurance coverage to hurt America’s energy industry, cutting support for coal and natural gas to chase leftist climate fantasies. Woke corporations like Chubb are going to extremes and ordinary Americans are paying the price,’ Hild continues.

Consumers’ Research is highlighting several past comments from leaders at the insurance company, including Executive Vice President and General Counsel Joseph Wayland saying in a LEADERS Magazine interview in 2021 that ‘Diversity, equity and inclusion are the foundation of our Chubb culture.’

‘I am concerned about my country’s America First brand of nationalism and its impact on our image and leadership in both trade and geopolitics in the short and potentially longer term,’ Evan Greenberg, CEO and Chairman of Chubb Insurance, wrote in a letter in a 2017 report, according to Carrier Management. 

Greenberg also criticized Trump’s America First platform in an interview with Carrier Management in 2021 and criticized the president’s trade policies. 

When it comes to the company’s business practices, NPR reported in 2019 that the insurance company would not underwrite coal facilities anymore. As recently as March 2025, the company put forth strict guidelines in order for it to underwrite in the oil and gas industry.

On its website, Chubb said it will not ‘underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal’ and began ending coverage for ‘existing coal plant risks’ that go above the 30% mark as of 2022.

‘Chubb recognizes the reality of climate change and the substantial impact of human activity on our planet,’ Greenberg stated, according to the company’s website. ‘Making the transition to a low-carbon economy involves planning and action by policymakers, investors, businesses and citizens alike. The policy we are implementing today reflects Chubb’s commitment to do our part as a steward of the Earth.’

On its webpage, Chubb discusses ‘Advancing Racial Justice,’ where the company touts its support of an organization called Equal Justice USA (EJUSA), which openly supported convicted cop-killer Mumia Abu-Jamal.

According to that same webpage, the company believes ‘racial justice and equity is both an individual journey and collective duty.’

‘We believe in being anti-racist because a rejection of racism alone is insufficient,’ the website states. 

The company also says on that web page that it has curated a series of programs for employees instructing them how to ‘combat racism.’ 

As for the advertisements themselves, there will be a national television ad in addition to mobile billboards outside their offices in Washington D.C., New York City and New Jersey, as well as Capitol Hill. The campaign will also live on the website WokeChubb.com.

‘Dear conservatives, Chubb Insurance is for: DEI in Everything They Do, Radical Climate Ideology, Trans Activism,’ one ad states. ‘Chubb Insurance is against: The American First Agenda, U.S. Energy Producers, 2nd Amendment Advocates.’

Chubb’s business spans across 54 countries and territories, all 50 states, and employees over 40,000 people worldwide.

The company, based out of Zurich with a U.S. headquarters in New York City, did not respond to a request for comment from Fox News Digital. 

This post appeared first on FOX NEWS

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Locksley Resources LimitedAssessment and Evaluation of DeepSolv Program Expansion

Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to advise that a senior Locksley team has completed a visit to Rice University in Houston, Texas, to formally evaluate the Company’s research collaboration with Rice.

Highlights

– Given increased industry interest in DeepSolv(TM), the Company has requested the expansion & acceleration of the Rice technology program

– The expansion would include the following components:

o Testing of multiple antimony feedstocks at different processing stages, direct ore, post DMS and high-grade concentrates

o Testing of antimony feedstock from multiple sources including the Mojave Project, EV Resources and additional other 3rd party samples

– Meetings held with Professor Pulickel Ajayan, Rice Executive Vice President for Research, and Technology Transfer Office

– Dedicated project workshop with the Ajayan research team to discuss technical programs

– Locksley in discussions with an additional mining group regarding the opportunity of evaluation the DeepSolv(TM) technology

– Locksley is focused upon providing Antimony processing independence to the USA and the opportunity presented by the $1.5bn+ domestic market

During the visit, the Locksley team met with Professor Pulickel Ajayan and members of his laboratory, senior Rice administrators including the Executive Vice President for Research and the Office of Technology Transfer and representatives from Rice Public Affairs. These discussions were followed by a dedicated project workshop with the Ajayan group, providing the foundation for the joint technical program under the collaboration.

The work program, formally launched through this visit, will focus on two parallel thrusts:

1. The development of DeepSolv(TM) product, for the extraction and refining of antimony feedstocks

2. The evaluation of antimony-based materials for advanced energy storage applications

As previously announced, Locksley has secured an agreement with EV Resources for the supply of external antimony ore, which will be incorporated alongside feedstock from the Mojave Project to support the development of DeepSolv(TM). In addition, DeepSolv(TM) continues to gain industry momentum, with discussions now underway with an additional potential user for the treatment of antimony ore. Given the growing industry interest in DeepSolv(TM) the Company is actively evaluating options to expand and accelerate the Rice technology program.

Locksley views the Rice partnership as a cornerstone of its U.S. strategy, providing access to world class expertise and positioning the Company to advance both upstream and downstream opportunities in antimony and rare earths.

Locksley’s Chairman Patrick Burke, commented:

‘This visit marks an important milestone in Locksley’s mine-to-market strategy to onshore the supply of antimony and rare earths into the United States. By formally commencing our collaboration with Rice University and incorporating additional ore supply secured through our agreement with EV Resources, we have laid the foundation for a practical and accelerated testwork program. These initiatives position Locksley at the centre of developing a secure domestic supply chain, aligned with U.S. government priorities. We look forward to working closely with Professor Ajayan and his team as we move rapidly toward delivering tangible results.’

*To view images and figures, please visit:
https://abnnewswire.net/lnk/U3C84R75

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Locksley Resources Limited
T: +61 8 9481 0389
E: info@locksleyresources.com.au

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

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Preliminary data of Butembo Copper prospect, with near surface high-grade copper oxidized ore with grades of up to 18%

African Discovery Group (OTC:AFDG) (“AFDG” or the “Company”) has entered into a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the “Transaction”). The Butembo Copper project is a greenfield exploration project located in the North Kivu province of the Democratic Republic of Congo. 40km south of the provincial capital of Beni. The project is located 33km west of the Ugandan border with verified road and rail access to the port of Mombasa.

The area is generally underexplored relative to the well-known copper belts of the Katanga copper belt to the south – however the Mesoproterozoic Kibalian greenstone belt is known for its tungsten-tin-gold occurrences, and it hosts the well-known Kilembe Mine nearby which has produced substantial quantities of both copper and cobalt

According to Rio Tinto, African deposits make up eight out of the 10 highest grade deposits discovered since 1990. The recent discovery of the Butembo copper deposit has underscored the need for further exploration work in areas peripheral to the Katanga Copper Belt.It is important to note that the artisanal pits initially targeted and extracted alluvial gold in the surficial gravels that overly the schists hosting the copper mineralization.The implication is that Butembo is prospective for both gold and copper.

The Butembo discovery is a near surface high-grade copper oxidized ore with measured grades of up to 18% with depth and lateral extension potential of over 5km along strike. The project is located at the base of the Ruwenzori mountains and borders Virunga National Park. There is extensive artisanal activity for both copper and gold and by extension a thriving small scale minerals industry exists in Butembo going back years. Regolith clay samples to the north have tested positively for copper – this is interpreted as a positive indicator of a northern extension to Butembo.

The artisanal and first phase exploration pits around the flood plain of the Talehya River, which runs through the concession, have been tested over an initial 500m of strike length – and the results have been positive with one of these analyses reporting the 18% Cu mentioned above as well as 16.3% in another exploration pit.

The deposit is in the vicinity of the historic Kilembe copper mine (4 million tons) across the border in Uganda whose sulphide mineralization occurs within biotite schists thought to have formed by hydrothermal fluids during early tectonic cycles that were trapped in structurally favorable impermeable locations. This offers a unique insight into the potential geological controls of the Butembo deposit. Mineralization is structurally controlled, occurring along northeast-trending shear zones and folds that facilitated hydrothermal fluid flow. The primary ore minerals include chalcopyrite, pyrite, and linnaeite, forming massive sulfide lenses and disseminated zones.

The Butembo deposit holds a strategically advantageous location, benefiting from proximity to regional infrastructure, which includes electrical power being available within reach of the project boundary. The site is located close to the Ugandan border, offering access to the East African transport corridor. This includes road and rail connections through Uganda to the port of Mombasa, Kenya—providing a viable export route for future development.

The combination of surface high-grade mineralization, artisanal activity, infrastructure access, and strategic location positions the Butembo Copper Project as a high-potential target for early-stage exploration and resource delineation.

Source

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Crypto Market Update: Bitcoin Tops $112,000 Amid Crypto Sector Jitters

Here’s a quick recap of the crypto landscape for Monday (September 29) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

After opening on Monday at its lowest valuation of the day, US$112,168, Bitcoin (BTC) reached a high of US$114,336, a 3.6 percent increase in 24 hours. The cryptocurrency dipped below US$110,000 last week, but its Sunday (September 28) night rebound liquidated roughly US$250 million in short positions.

Bitcoin price performance, September 29, 2025.

Chart via TradingView.

Despite the rally, some market participants aren’t convinced the bull market is back in full force. Crypto investor and entrepreneur Ted Pillows noted that Bitcoin’s pump is “mostly due to short positions getting closed.”

Meanwhile, bulls argue that Bitcoin usually follows gold’s price moves with a three to four month delay, suggesting a strong rally could come in October or November.

Targets mentioned range from US$150,000 to as high as US$300,000 over the next few months.

Ether (ETH) is also performing well, up 3.8 percent over 24 hours to US$4,190.47. Like Bitcoin, Ether opened at its lowest daily valuation, US$4,112.40, before peaking at US$4,202.65.

Supply reduction, increased DEX activity and seasonal bullish trends could set the stage for an Ether price pump in October, with predictions pointing toward US$4,300 or higher.

A looming US government shutdown could increase short-term volatility in the cryptocurrency market this week due to delayed economic data and regulatory uncertainties.

Decisions on 16 crypto exchange-traded funds (ETFs) — including those tied to Solana, XRP, Litecoin and Dogecoin — are expected from the US Securities and Exchange Commission throughout October.

Altcoin price update

  • Solana (SOL) was priced at US$212.91, an increase of 3.3 percent over the last 24 hours and its highest valuation of the day. SOL opened at US$206.31, its lowest valuation of the day, and trended upward.
  • XRP was trading for US$2.90, up by 2.5 percent over the last 24 hours. Its lowest valuation of the day was US$2.85, while its highest was US$2.91.

ETF data and derivatives trends

The Fear & Greed Index currently reads 39, indicating fear amongst market participants.

Bitcoin dominance in the crypto market is at 56.66 percent, showing a slight fall week-over-week.

Last week, the cumulative net flow for spot Bitcoin ETFs was predominantly negative, with several days of outflows. According to data from the week of September 22 to September 26, spot Bitcoin ETFs had outflows on four days, with September 24 being the only day of inflows at US$241 million. The inflows were led by BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) and the ARK 21Shares Bitcoin ETF (BATS:ARKB).

Overall, the weekly trend showed significant withdrawal pressures despite the one day inflow exception. Cumulative total inflows for spot Bitcoin ETFs stood at US$56.78 billion as of September 26.

On the derivatives side, CoinGlass data shows Bitcoin futures open interest at US$82.89 billion, an increase of 6.73 percent over 24 hours and a rise of 0.32 percent over four hours. Open interest for Ether futures is at US$56.04 billion, up 2.71 percent over 24 hours and a 0.06 percent boost over four hours.

Bitcoin leveraged positions have resulted in liquidations totaling US$5.61 million in four hours. Ether saw significantly greater liquidations, amounting to US$9.53 million. Bitcoin’s max pain price is US$114,000.

The Ether funding rate is positive, signaling bullish sentiment and more demand for long positions, while the Bitcoin funding rate is in the red, signaling bearish sentiment.

Today’s crypto news to know

SWIFT to debut blockchain to facilitate cross-border payments

According to a Monday announcement, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is developing a blockchain in collaboration with over 30 financial institutions and Consensys.

The initial focus is on developing infrastructure for “real-time 24/7 cross-border payments.” SWIFT CEO Javier Pérez-Tass made the announcement at SWIFT’s annual Sibos conference, held in Frankfurt, Germany, on Monday:

“We provide powerful and effective rails today and are moving at a rapid pace with our community to create the infrastructure stack of the future. Through this initial ledger concept we are paving the way for financial institutions to take the payments experience to the next level with Swift’s proven and trusted platform at the centre of the industry’s digital transformation.’

SWIFT will consider feedback on its design from financial institutions from 16 countries.

Polkadot users show support for potential stablecoin

Bryan Chen, co-founder of Polkadot and chief technology officer of its Acala blockchain, introduced a proposal on Sunday to develop a native stablecoin for the Polkadot network.

The stablecoin (pUSD) would be algorithmic and backed by Polkadot tokens, and would use the pUSD ticker. It would also include an optional savings module, allowing holders to lock their stablecoins and earn interest from stability fees. It will utilize the Honzon protocol on the Acala network. The aim is to reduce reliance on USDt and USDC.

The proposal is gathering support among users. The ballot will close in 24 days.

Qatar financial group adopts Kinexys

One of the largest financial institutions in the Middle East, Qatar’s QNB Group, has switched to JPMorgan Chase’s (NYSE:JPM) blockchain platform for US dollar corporate payments processing.

By adopting JPMorgan’s Kinexys Digital Payments system, QNB can now process US dollar-based payments for its business clients in Qatar in minutes and 24/7, the companies said in a statement.

Kazakhstan debuts crypto fund

Kazakhstan, in partnership with Binance, has launched a state-backed crypto reserve called the Alem Crypto Fund, according to an announcement on the country’s government website.

The fund, established by the Ministry of Artificial Intelligence and Digital Development and managed by Qazaqstan Venture Group, aims for long-term digital asset investments and strategic reserves. Its initial asset is BNB, Binance’s utility token. The announcement does not specify the amount of BNB purchased or future investments.

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

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Silver47 Completes Successful Red Mountain Drill Program and Intersects Massive Sulfides in Multiple Holes

The Red Mountain Deposit Remains Open to Expansion in Multiple Directions with Assays Pending

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce the completion of its summer 2025 drill program at its wholly-owned Red Mountain Project in south-central Alaska.

Highlights:

  • Significant Mineralization Intersected: Completed eight holes at Dry Creek and seven holes at West Tundra Flats, intersecting massive, semi-massive, and disseminated sulfides in step-out and infill drilling, with assays pending (see Figure 2-5 of core photos below).
  • Establishing a Strong Alaskan High-Grade Resource Base: The 2025 program targeted untested areas near historical high-grade intercepts to enhance Red Mountain’s inferred 168.6 million silver equivalent ounce resource (336 g/t AgEq*) at Dry Creek and West Tundra Flats.
  • Red Mountain Deposit Open to Expansion: Both the Dry Creek and West Tundra Flats zones remain open to expansion in multiple directions and the Company is completing detailed geological modelling to guide vectoring towards additional mineralization in 2026.
  • Multiple Untested Targets: There are at least 35 mineralized prospects across the Red Mountain Project covering a 55 km trend many of which are undrilled or represent preliminary drilled discoveries.
  • High-Value Critical Minerals: An ongoing metallurgical study is evaluating Red Mountain’s potentially significant concentrations of antimony and gallium, critical for U.S. defense, where current supply chains are at risk from foreign dominance.
  • Fully Capitalized: The Company is fully funded with approximately $27 million in working capital to deploy towards aggressive growth-oriented drilling on our American silver projects.

Galen McNamara, CEO, stated: ‘The 2025 Red Mountain drill program has intersected massive sulfides in multiple holes. With assays pending, we now look forward to drilling at Mogollon in Q4 of this year and Hughes in early 2026. Fully funded with $27 million, we’re positioned to accelerate resource growth on our silver and critical mineral projects to deliver value from America’s next generation of strategic mineral assets.’

Highlights from Previous Drilling (see news releases dated November 21 and 26, 2024 and February 12, 2025):

  • DC24-104: 15.24 m grading 546 g/t AgEq* plus 290 g/t antimony (‘Sb’) and 32 g/t gallium (‘Ga’) from 14.3 m depth (AgEq: 106 g/t silver, 0.45 g/t gold, 6.4% zinc, 2.2% lead, and 0.19% copper)
  • DC24-105: 22.32 m grading 601 g/t AgEq plus 503 g/t Sb and 54 g/t Ga from 18.9 m (AgEq: 150.6 g/t silver, 0.82 g/t gold, 5.9% zinc, 2.6% lead, and 0.13% copper)
  • WT24-33: 2.90 m grading 1,079 g/t AgEq plus 920 g/t Sb and 15 g/t Ga from 121.70 m depth
    (AgEq: 418 g/t silver, 0.74 g/t gold, 9.1% zinc, 4.7% lead, 0.105% copper)
  • DC18-77: 4.26 m grading 2,003 g/t AgEq plus 4,432 g/t Sb and 97 g/t Ga 168.8 m depth
    (AgEq: 1,435 g/t silver, 2.2 g/t gold, 4.8% zinc, 2.3% lead, 0.5% copper)

*Notes: g/t=grams per tonne; AgEq=silver equivalent; ZnEq=zinc equivalent; m=metres; Ag=silver; ‎Au=gold; Cu=copper; Zn=zinc; Pb=lead; 1ppm=1 g/t. Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and metal recoveries are based on metallurgical work returned of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. Silver Equivalent (AgEq g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93]

Figure 1. Plan Map of Red Mountain Project showing over 35 targets highlighting the Dry Creek and West Tundra Flats target.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_002full.jpg

Figure 2: (see attached figure). Mineralized core from drill hole DC25-110 at the Dry Creek deposit showing disseminated, semi-massive and massive sulfide mineralization featuring pyrite, chalcopyrite, sphalerite and galena (148.5 to 170.9m downhole). Photo is not intended to be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_003full.jpg

Figure 3: (see attached figure). Mineralized core from drill hole DC25-112 at the Dry Creek deposit showing disseminated, semi-massive and massive sulfide mineralization featuring pyrite, chalcopyrite, sphalerite and galena (228.55 to 245.55m downhole). Photo is not intended to be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_004full.jpg

Figure 4: (see attached figure). Mineralized core from drill hole DC25-113 at the Dry Creek deposit showing disseminated, semi-massive and massive sulfide mineralization featuring pyrite, sphalerite and chalcopyrite (222.9 to 240.05m downhole). Photo is not intended to be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_005full.jpg

Figure 5: (see attached figure). Mineralized core from drill hole WTF-38 at the West Tundra Flats Deposit showing disseminated, semi-massive and massive sulfides consisting of pyrite, sphalerite, galena and chalcopyrite (172.65 to 180.5m downhole). Photo is not intended to be representative of broader mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/268546_860a7d7c4431badc_006full.jpg

Drill Program

The 2025 Red Mountain drill program consisted of fifteen drill holes – eight holes at the Dry Creek target (Figure 1) and seven holes were completed at the West Tundra Flats target (Figure 1). The Dry Creek and West Tundra Flat targets together account for an inferred resource of 15.6 Mt at 336 g/t AgEq* for 168.6 million silver equivalent ounces.

Drilling at both targets consisted of a series of infill and step-out holes designed to test areas near historical high-grade drill intercepts and modelled domains where the structural controls on high-grade mineralization were not fully resolved. Multiple holes at each target intersected mineralized zones consisting of variable proportions of massive, semi-massive, and disseminated sulfides (Figures 2, 3, 4, and 5). Assays are pending from all holes drilled.

Based on observations from drilling together with results from ongoing geological modelling, multiple mineralized lenses and domains at Dry Creek and West Tundra Flats targets remain open along strike and down-dip. The company will integrate all new assay data with the geological modelling to guide vectoring towards additional VMS-related, high-grade mineralization in 2026.

Quality Assurance and Quality Control

Quality assurance and quality control (QAQC) protocols for drill core sampling at the Red Mountain Project followed industry standard practices. Core samples were typically taken at 1.0 m intervals in mineralized zones, and 3.0 m intervals outside of mineralized zones. Sample lengths were adjusted as necessary so as not to cross lithologic and mineralogic boundaries. QAQC check samples were inserted into the sample stream with one blank, one duplicate (coarse), and one certified reference material (CRM) occurring within every 20 samples. Drill core was cut in half, bagged, sealed and delivered directly to ALS Minerals Fairbanks, Alaska for transport to the ALS Minerals Laboratories labs in North Vancouver, British Columbia. ALS Minerals Laboratories are registered to ISO 9001:2008 and ISO 17025 accreditations for laboratory procedures. Core samples were analyzed at ALS Laboratory facilities in North Vancouver using four-acid digestion with an ICP-MS finish. Gold analysis was by fire assay with atomic absorption finish, or gravimetric finish for over-limit samples. Over-limits for silver, zinc, copper, and lead were analyzed using Ore Grade four-acid digestion. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd. of Langley, British Columbia and selected to represent expected mineralization.

Corporate Update

Further to its news releases dated September 16, 2025, with respect to the closing of a brokered private placement of units for gross proceeds of $23,000,460 (the ‘Offering‘), the Company wishes to clarify that out of the aggregated advisory warrants of 256,204 and advisory fee of $179,342.80 plus tax, the Company issued 142,860 advisory warrants to Golden Capital Consulting Ltd. and paid a cash fee of $100,002 plus tax to Gold Funnel Consulting & Investing Inc. in connection with the Offering.

Qualified Person

The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.

About Silver47 Exploration

Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America’s most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’

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    On Behalf of the Board of Directors

    Mr. Galen McNamara
    CEO & Director

    For investor relations
    Giordy Belfiore
    604-288-8004
    gbelfiore@silver47.ca

    No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD-LOOKING STATEMENTS

    Certain statements contained in this news release constitute forward-looking statements or forward-looking information under applicable securities laws (collectively, ‘forward-looking statements’). Such statements relate to future events or the Company’s future plans, performance, business prospects or opportunities that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘potential’, ‘could’, ‘may’, ‘will’ and similar expressions) are not statements of historical fact and may be forward-looking statements.

    Forward-looking statements in this news release include, but are not limited to: the interpretation of exploration results; the significance of drill results; the potential for additional mineralization; the timing and success of future exploration activities, including drilling and sampling; the ability to expand or upgrade mineral resources through further exploration; the potential for future economic studies on the project; and the Company’s plans and objectives in advancing its exploration properties.

    These forward-looking statements are based on a number of assumptions considered reasonable by management as of the date of this news release, including assumptions regarding: the accuracy of geological interpretations; continuity of mineralization; the Company’s ability to obtain necessary permits and approvals; availability of financing and personnel to carry out planned programs; future commodity prices; and general business and economic conditions.

    Forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to: risks inherent in mineral exploration, including unexpected results or outcomes; delays or inability to obtain required permits and approvals; availability and cost of financing, labour and equipment; changes in commodity prices and foreign exchange rates; political, regulatory and environmental risks in the jurisdictions where the Company operates; community or social risks; and other risks described in the Company’s continuous disclosure documents filed at www.sedarplus.com.

    Although the Company believes the expectations expressed in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct and such statements should not be unduly relied upon. Forward-looking statements speak only as of the date of this news release. The Company does not undertake any obligation to update or revise any forward-looking statements, except as required by applicable securities laws. Actual results may differ materially from those expressed or implied in forward-looking statements

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268546

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