Author

admin

Browsing

President Trump has secured commitments for a record-shattering $1.4 billion since Election Day 2024, Fox News Digital has learned, with advisors saying he will be ‘an even more dominant force’ for Republicans in the 2026 midterms. 

The president’s political operation, including the cash-on-hand at the Republican National Committee, has raised a historic $900 million since November, and commitments that will bring the total to more than $1.4 billion.

Fox News Digital has learned that the funds will be used to help Republicans to keep the House and Senate majorities.

Republicans currently control the House with a 220-215 majority, and control the Senate with a 53-47. 

Sources say the funds will also be used for whatever the president deems ‘necessary and appropriate.’

‘After securing a historic victory in his re-election campaign in 2024, President Trump has continued to break records, including fundraising numbers that have positioned him to be an even more dominant force going into the midterms and beyond,’ President Trump’s senior advisor and National Finance Director Meredith O’Rourke told Fox News Digital. 

The president headlined a major donor event in Washington D.C. in April for the National Republican Congressional Committee (NRCC), which is the House GOP’s campaign arm. That fundraiser hauled in at least $10 million for the NRCC, a source familiar with the event told Fox News.

In March, Vice President JD Vance was tapped to serve as the RNC Finance Chair—the first time in the history of the GOP that a sitting vice president served in the role.

Vance pledged to work to ‘fully enact the MAGA mandate’ and grow the Republican majority in Congress in 2026.

Fox News Digital’s Paul Steinhauser contributed to this report.


This post appeared first on FOX NEWS

Rio Silver Inc. (the ‘Company’ or ‘Rio Silver’) (TSX.V: RYO) (OTC: RYOOF) announces that, further to the announcement on May 1, 2025, it will consolidate (the ‘Consolidation’) its common shares on the basis of five pre-Consolidation common shares for one post-Consolidation share.

The Company expects that the TSX Venture Exchange (the ‘Exchange’) will issue a bulletin in short order, confirming that the Company’s common shares will then commence trading on a post-Consolidation basis effective on or about the opening of trading on Thursday, July 3, 2025. There will be no change to the Company’s name or trading symbol. The new CUSIP and ISIN numbers for the post-Consolidation shares are 76721A113 and CA76721A1131, respectively.

No fractional common shares will be issued, and fractions of less than one-half of a common share will be cancelled and fractions of at least one-half of a common share will be converted to a whole common share. Outstanding options, warrants and other convertible securities will likewise be adjusted for the Consolidation, with the number of underlying common shares and exercise prices being adjusted accordingly.

The Company currently has 84,832,845 common shares issued and outstanding, and immediately following the Consolidation the Company expects to have, subject to rounding adjustment, approximately 16,966,572 common shares issued and outstanding, none of which are subject to escrow.

Letters of Transmittal will be mailed shortly to registered shareholders who hold share certificates, with instructions for the exchange of existing share certificates for new share certificates. Shareholders holding uncertificated shares (such as BEO, NCI and DRS positions) will have their holdings adjusted electronically by the Company’s transfer agent and need not take any further action to exchange their pre-Consolidation shares for post-Consolidation shares.

The Company expects that the Consolidation will provide the Company with increased flexibility in structuring and completing financings and potential business transactions. Shareholder approval for the Consolidation was received at the Company’s Annual General and Special Meeting of Shareholders held on June 12, 2025, as previously announced on June 25, 2025.

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

Top House Republicans are warning the Senate to proceed carefully with any possible changes to President Donald Trump’s ‘big, beautiful bill.’

‘We in the House don’t want to see this changed too much. Of course, they’re going to put their mark on it, and they’re going to shape it and hopefully make it better, But, yeah, it just can’t change materially too much for us to have to thread that needle again,’ said Republican Study Committee (RSC) Chairman August Pfluger, R-Texas.

He hosted House Budget Committee Chairman Jodey Arrington, R-Texas, on an episode of the RSC’s podcast, ‘Right To The Point,’ an early copy of which was obtained by Fox News Digital.

Arrington told Pfluger, ‘The reality is, we struck a very difficult and very, very delicate balance in the House that could be disrupted on any number of policy fronts, if the Senate were to go too far.’

The RSC is a 189-strong member group in the House GOP that acts as the conference’s de facto conservative think tank.

Arrington’s committee, meanwhile, plays a central role in the budget reconciliation process – which is what Republicans are using to pass Trump’s agenda on tax, immigration, energy, defense, and the national debt in one massive bill.

It’s notable that they used the RSC’s weekly podcast to send a pointed message to their colleagues in the Senate, which comes as lawmakers there wrestle with key issues in the House’s version of the bill.

Senate Republicans still have to deal with unresolved questions on Medicaid and state and local tax (SALT) deductions, among other items. 

Senate GOP leaders have said their changes to the bill are critical in order for it to survive their razor-thin majority of three seats – the same margin as the House holds.

The House passed its version of the bill by just one vote in late May. Now, different House GOP factions are warning that they will not accept the Senate’s proposed changes on a number of key issues.

‘If you and I had the pen, and it was just between two West Texans, I know there are deeper, deeper fiscal reforms that would bend the curve even more dramatically on our spending and debt to GDP. But we have other members that we have to negotiate with,’ Arrington said.

‘So yes, make it as good as you can make in terms of improvements, but there is a point at which you will, instead of bend, you will break the delicate balance, and you will imperil the most important and most consequential bill – with the greatest set of conservative reforms in my lifetime, if not 100 years.’

When reached for comment on Arrington’s remark, Senate Majority Leader John Thune’s office pointed Fox News Digital to the South Dakota Republican’s appearance on the Hugh Hewitt show Wednesday.

‘I met with [House Speaker Mike Johnson, R-La.] yesterday, and we’ve talked several times today already, just checking in on various aspects of the Senate bill and, you know, what the prospects are when it gets to the House,’ Thune said. ‘So there’s been a lot of coordination from the very beginning about this and that, you know, continues to this day, which is why we continue to stay in close contact.’

Johnson, Thune and the White House have been in near-constant communication, hammering out details big and small in the bill.

Pfluger said he was still ‘hopeful,’ however, about Republicans’ self-imposed July 4 deadline.

‘The Senate is wrestling with this bill right now…to make the changes that make it better, but to send it back to us in a fiscally disciplined way, where we know we still garner the savings where we do the right things to put money back into American families pockets,’ Pfluger said.

Johnson told reporters on Friday that it was ‘possible’ that the deadline could slip, but said he ‘doesn’t want to accept that as an option right now.’

Fox News Digital’s Alex Miller contributed to this report


This post appeared first on FOX NEWS

A Florida man was indicted Friday for allegedly threatening to kill Alina Habba in a series of online ’86’ posts against the interim U.S. attorney for New Jersey, Fox News Digital has learned.

The ’86” has been interpreted by law enforcement officials to mean ‘get rid of.’ 

Gregory W. Kehoe, the interim U.S. attorney for the Middle District of Florida, announced the charges Friday. 

According to the indictment reviewed by Fox News Digital, Salvatore Russotto made a threat in May to ‘injure and kill the victim in a series of online posts.’

Fox News Digital has learned that the victim referred to in the indictment is Habba, the interim U.S. attorney for New Jersey who previously served as counselor to President Donald Trump. 

‘[VICTIM] is a c—,’ Russotto posted. ’86 that b—-.’

He also allegedly posted: ‘A slow painful death for [VICTIM]. 86 that c—.’

Russotto also allegedly posted: ‘Eliminate [VICTIM]. 86 Traitor. Death penalty for all traitors.’

Russotto was charged with transmission of an interstate threat to injure and retaliating against a federal law enforcement officer by threat.

‘This is yet another disturbing example of a dangerous copycat inspired by the reckless behavior of former officials, targeting those who serve our country and threatening the very people working to keep America safe,’ FBI Director Kash Patel told Fox News Digital. ‘Our FBI will not tolerate political violence in any form.

‘I’m grateful to our law enforcement partners in Florida for their swift action and steadfast commitment to justice.’ 

The indictment comes after Patel said he has been forced to divert agents to investigate ‘copycats’ of potential threats to Trump as a result of former FBI Director James Comey’s ’86 47′ social media post last month.

‘Do you know how many agents I’ve had to take offline from chasing down child sex predators, fentanyl traffickers, terrorists, because, everywhere across this country, people are popping up on social media and think that a threat to the life of the president of the United States is a joke and they can do it because he did it?’ Patel said last month. 

‘That’s what I’m having to deal with every single day, and that’s what I’m having to pull my agents and analysts off because he thought it was funny to go out there and make a political statement.’ 

An FBI official told Fox News Digital the agency cannot disclose the number of ‘copycat’ incidents due to ongoing investigations but described the number to Fox News Digital as ‘significant.’ 

Comey met with Secret Service officials in Washington this month for an interview about his ’86 47′ Instagram post, two sources briefed on the meeting told Fox News.

Comey is under investigation for the now-deleted Instagram post that showed seashells arranged on a beach to say ’86 47.’

‘Cool shell formation on my beach walk,’ he wrote along with the post. 

Comey offered an explanation for the post after he received backlash on social media. 

‘I posted earlier a picture of some shells I saw today on a beach walk, which I assumed were a political message,’ the subsequent post from Comey said. ‘I didn’t realize some folks associate those numbers with violence. It never occurred to me but I oppose violence of any kind so I took the post down.’

The president, in a May interview with Fox News’ Bret Baier, didn’t accept Comey’s explanation. 

‘He knew exactly what that meant. A child knows what that meant,’ Trump told Baier. ‘If you’re the FBI director, and you don’t know what that meant, that meant ‘assassination,’ and it says it loud and clear.’ 


This post appeared first on FOX NEWS

President Donald Trump said he’s open to conducting additional strikes against Iran, should Tehran pick up its nuclear program again to a level that is concerning to the U.S. 

‘Sure. Without question, absolutely,’ Trump told reporters Friday when asked about the possibility of subsequent strikes. 

Trump has previously issued similar warnings to Iran, and said Wednesday at the NATO Summit in the Netherlands that if Tehran were to seek to repair its nuclear program once more the U.S. wouldn’t hesitate to move forward with additional strikes.

Trump also slammed Iranian Supreme Leader Ayatollah Ali Khamenei, who declared victory over Israel on Thursday. Trump countered Khamenei’s claims and said that he had spared Khamenei from death. 

‘I knew EXACTLY where he was sheltered, and would not let Israel, or the U.S. Armed Forces, by far the Greatest and Most Powerful in the World, terminate his life,’ Trump said in a post on Truth Social on Friday. ‘I SAVED HIM FROM A VERY UGLY AND IGNOMINIOUS DEATH, and he does not have to say, ‘THANK YOU, PRESIDENT TRUMP!’’ 

‘I wish the leadership of Iran would realize that you often get more with HONEY than you do with VINEGAR. PEACE!!!’ Trump said. 

The U.S. launched strikes late Saturday targeting key Iranian nuclear facilities, which involved more than 125 U.S. aircraft, Chairman of the Joint Chiefs of Staff Gen. Dan Caine told reporters Sunday.

Following the strikes, Trump said in an address to the nation that the mission left the nuclear sites ‘completely and totally obliterated.’ But days later, a leaked report from the Defense Intelligence Agency, published by CNN and the New York Times, cast doubt on those claims, saying that the strikes had only set back Iran’s nuclear program by several months.

Meanwhile, the U.S., Israel and Iran’s Foreign Ministry have all said that the three nuclear sites that U.S. forces struck have encountered massive damage.

According to Secretary of Defense Pete Hegseth, the FBI is conducting an investigation to get to the bottom of the matter and who shared the document with the media.


This post appeared first on FOX NEWS

Justice Amy Coney Barrett had pointed words for her colleague Justice Ketanji Brown Jackson, accusing Jackson of taking an ‘extreme’ position on the role of the judiciary branch.

Writing in her Supreme Court opinion on nationwide injunctions on Friday, Barrett said Jackson’s dissent contained ‘rhetoric,’ and she signaled that the liberal justice’s arguments were not worth much attention.

‘We will not dwell on Justice Jackson’s argument, which is at odds with more than two centuries’ worth of precedent, not to mention the Constitution itself,’ Barrett wrote. ‘We observe only this: Justice Jackson decries an imperial Executive while embracing an imperial Judiciary.’

The Supreme Court’s decision came as part of an emergency request from the Trump administration asking the high court to put an end to judges issuing universal injunctions, including those that judges have placed on President Donald Trump’s birthright citizenship order.

Barrett, who was appointed by Trump, wrote that when judges issue injunctions to block policies, like those the Trump administration is trying to implement, they cannot apply the injunction to more than the parties involved in the case. Barrett said that type of order, often called a ‘nationwide injunction,’ is judicial overreach.

But Barrett’s opinion left open numerous other ways that plaintiffs can seek broad forms of relief from the courts, including by bringing class action lawsuits or statewide lawsuits.

Jackson wrote that nationwide injunctions should be permissible because the courts should not allow the president to ‘violate the Constitution.’ Barrett said that was not based on any existing legal doctrine.

‘She offers a vision of the judicial role that would make even the most ardent defender of judicial supremacy blush,’ Barrett wrote.

Sotomayor, meanwhile, wrote in her own dissenting opinion that the Supreme Court was being ‘complicit’ by allowing the Trump administration to extract a perceived win out of the high court over birthright citizenship.

Sotomayor said that every court that has reviewed Trump’s birthright citizenship plan thus far has blocked Trump from carrying it out. Trump played a ‘different game,’ Sotomayor said, by bringing the case before the Supreme Court without actually asking the justices to analyze the merits of his plan. Trump instead asked the justices to weigh in on the legality of nationwide injunctions in general.

Trump’s birthright citizenship order would eliminate the 150-year-old right under the 14th Amendment that allows babies born in the United States to receive automatic citizenship regardless of their parents’ citizenship status.

The Supreme Court’s decision still allows for the high possibility that judges will continue to widely block Trump’s birthright citizenship order, but with different legal maneuvering on the part of the plaintiffs and the courts.


This post appeared first on FOX NEWS

The bears are now left grasping at straws. What about tariffs? What about inflation? What about recession? What about the Fed? What about interest rates? What about the Middle East? What about the deficits? Blah, blah, blah.

When it comes to the media, you need to bury your head in the sand. Actually, take your head out of the sand and bury it in the charts. That’s where you’ll find the truth.

I said all-time highs were coming back at the April low and here we are. The S&P 500 has set a new all-time record high today and, barring a significant afternoon decline, will set its all-time closing high above the previous closing high of 6144, which was set on February 19, 2025. This new high comes just as we begin to prepare for Q2 earnings season. The run up to earnings season is generally and historically quite strong, so get ready for more highs ahead.

Since 1950, the S&P 500 has produced annualized returns of nearly 27% during the period June 28th through July 17th. This annualized pre-earnings run is nearly triple the average S&P 500 annual return of 9% since 1950. Care to guess how the NASDAQ and Russell 2000 have fared during this bullish pre-earnings period?

  • NASDAQ: +38.67%
  • Russell 2000 (IWM): +32.61% (bullish period ends July 15th for small caps)

Clearly, the bulls have the historical advantage for the next 3 weeks. Technically, evidence began turning in the bulls’ favor in mid-March, despite the last big move lower in early April. I have the research to back that up and will discuss it at an event on Saturday (more details below). While the stock market was rapidly declining in April, Wall Street was happily stealing everyone’s shares during the panicked selloff.

Technical Strength

Two of the most important industry groups to follow are semiconductors ($DJUSSC) and software ($DJUSSW). These two groups are among the most influential in terms of driving the S&P 500 higher. Check out both of these charts and be sure to check out both the absolute and relative strength currently.

Semiconductors:

Software:

Now I’m going to provide charts of these same two groups, but this time show you how positively they correlate to the S&P 500’s direction over the course of this century.

Semiconductors:

Software:

Honestly, you don’t need a PhD in Economics to understand the above charts. It’s really quite simple. When semiconductors and software are rallying to new highs and showing relative strength, BUY U.S. stocks! They both have extremely tight positive correlation with the S&P 500 and they both look very technically sound right now.

Interest Rate Cut

It’s coming and it’s coming fast! I’m now convinced that the Fed will cut the fed funds rate in a month at their next scheduled meeting on July 29-30. I’m not saying it because I feel the Fed should cut or needs to cut. I’m saying it because there’s a ton of buying right now in the 1-month treasury, sending its yield down. The 1-month treasury yield ($UST1M) typically begins to move BEFORE any Fed action occurs. We saw it back in August/September 2024, just prior to the 50 basis point cut at the September 2024 meeting:

The black directional lines in the bottom panel mark approximately the date that the Fed lowered the fed funds rate. The red directional lines in the top panel highlight the downward movement in the $UST1M PRIOR to the Fed’s lowering roughly a month later. Again, I’m not making this stuff up. The charts are telling me a story here and the current story is that rates are about to come down.

Checkmate bears.

Follow the charts, not the media!

The Game

I’m beginning to believe that capitulation is nothing more than a staged event for the Wall Street elite and we’re the panicked pawns running around with our hair on fire. Those days are over for EarningsBeats.com members. We saw this one coming, just like we saw it coming in 2022. Getting out at the top with the Wall Street elite and getting back in at the bottom before them is an excellent recipe for beating the S&P 500 by a mile!

Learning is the key. We focus on market research, guidance, and education at EarningsBeats.com. Those are our 3 pillars of business. Calling the 2025 market top wasn’t a coincidence. We’ve done it before and we’ll do it again. Jumping back in near the bottom was no coincidence either. Our signals are proven and they work.

On Saturday morning at 10:00am ET, we’re hosting a FREE educational event, “Trading the Truth: How Market Manipulation Creates Opportunity”. I’m going to show everyone the “play-by-play” of how we were able to move to cash BEFORE the market top and back into stocks NEAR the market bottom. Market tops form with many of the same signals each time. To learn more about this event and to register with your name and email address, CLICK HERE.

If you’ve struggled with all the uncertainty in 2025 and haven’t trusted stocks, it’s time that you change your process and strategies. I’ll see you on Saturday!

Happy trading!

Tom



A provision inside President Donald Trump’s ‘big, beautiful bill’ that would have lessened regulations on certain firearms was one of many stripped policies that did not pass muster with Senate rules.

The Senate parliamentarian ruled late Thursday night that policy changes that would delist short-barrel rifles, shotguns and suppressors from the National Firearms Act (NFA) would have to be scrubbed from the Senate Finance Committee’s portion of the mammoth bill.

The provision would have allowed for those particular guns and accessories to no longer be subject to a $200 federal tax. They would also no longer have needed to be registered with the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Changes to the NFA were part of the Stop Harassing Owners of Rifles Today (SHORT) Act, a bill pushed by Sen. Roger Marshall, R-Kan., in the upper chamber, and Rep. Andrew Clyde, R-Ga., in the House.

‘This is a setback, but we are committed to working with the parliamentarian to protect the Second Amendment in any way we can through reconciliation,’ Marshall told Fox News Digital in a statement. ‘‘Shall not be infringed’ is crystal clear and the rights of gun owners must be respected.’

Indeed, lawmakers do have the opportunity to rewrite the provision to comport with the Byrd Rule, which governs the budget reconciliation process and allows either party in power to skirt the 60-vote filibuster threshold in the Senate.

Clyde told Fox News Digital in a statement that he disagreed with the ruling, ‘as the taxation and registration of firearms under the draconian NFA are inextricably linked.’ 

‘I’m working with my Senate Republican colleagues to rewrite the language so we can retain our 2A wins and deliver the best possible outcome for the American people,’ he said. ‘We must seize this rare opportunity to restore our Second Amendment rights.’

Arguments before the parliamentarian, who many Republicans lashed out at on Thursday following rulings that stripped key, yet divisive, Medicaid tweaks from the ‘big, beautiful bill,’ are expected to continue throughout Friday and likely until the last few minutes before the final bill is revealed.

The gun provision was one of many tax-related items stripped from the package. Others included subsidies for private schools and carve-outs for religious colleges from the endowments tax, among others.

There are other provisions still under consideration, including ‘Trump Accounts,’ which would have set aside $1,000 in taxpayer money for newborns, requiring Social Securities numbers for a slew of tax credits, and making tax benefits for those who invest in opportunity zones permanent. 


This post appeared first on FOX NEWS

President Donald Trump celebrated after the Supreme Court moved to block lower courts from issuing universal injunctions, something that had impacted his executive orders.

The president held a news conference just over an hour after the ruling was issued and said the Supreme Court had stopped a ‘colossal abuse of power.’ 

‘I was elected on a historic mandate, but in recent months, we’ve seen a handful of radical left judges effectively try to overrule the rightful powers of the president to stop the American people from getting the policies that they voted for in record numbers,’ Trump said on Friday.

Trump also accused lower court judges of trying to ‘dictate the law for the entire nation’ rather than ruling on the cases before them.

On Friday, Supreme Court Justices ruled 6-3 to allow the lower courts to issue injunctions only in limited instances, though the ruling leaves open the question of how the ruling will apply to the birthright citizenship order at the heart of the case.

The Supreme Court agreed this year to take up a trio of consolidated cases involving so-called universal injunctions handed down by federal district judges in Maryland, Massachusetts and Washington state. Judges in those districts had blocked Trump’s ban on birthright citizenship from taking force nationwide – which the Trump administration argued in their appeal to the Supreme Court was overly broad.

The Supreme Court’s arguments in May focused little on the merits of those universal injunctions – and on Friday, the court made clear that it is not ruling on whether the birthright citizenship orders are constitutional.

‘The applications do not raise – and thus we do not address – the question whether the Executive Order violates the Citizenship Clause or Nationality Act,’ Justice Amy Coney Barrett said, writing for the majority. ‘The issue before us is one of remedy: whether, under the Judiciary Act of 1789, federal courts have equitable authority to issue universal injunctions.’

‘A universal injunction can be justified only as an exercise of equitable authority, yet Congress has granted federal courts no such power,’ she added.

Coney Barrett took a swipe at Justice Ketanji Brown Jackson, saying that her argument was ‘ at odds with more than two centuries’ worth of precedent, not to mention the Constitution itself. We observe only this: [Jackson] decries an imperial Executive while embracing an imperial Judiciary.’

In her dissent, Jackson warned that the ruling allowed the president to ‘violate the Constitution’ and presented ‘an existentia threat to the rule of law.’


This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Wednesday (June 25) 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$107,736, an increase of two percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.

Bitcoin price performance, June 23, 2025.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$144.38, down 0.6 percent over 24 hours. Its highest valuation on Wednesday was US$147.61, and its lowest was US$143.28.
  • XRP was trading for US$2.20 as markets wrapped, down by 0.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.23, and its lowest price on Wednesday was US$2.18.
  • Sui (SUI) is trading at US$2.76, showing an increaseof 0.1 percent over the past 24 hours. Its lowest valuation was US$2.73, and its highest valuation was US$2.84.
  • Cardano (ADA) is priced at US$0.5709, down by 1.9 percent in 24 hours. Its highest valuation on Wednesday was US$0.5838, and its lowest was US$0.5678.

Today’s crypto news to know

Trump Media’s Bitcoin-Ethereum ETF gains NYSE support

The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.

The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.

This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.

Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.

Bitcoin hashrate drops amid Iran attacks and heatwave

Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.

“Hashrate dropped right after Israel’s initial strike on Iran. It’s not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran’s power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).

“Can’t say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it’s likely this is what caused the drop in hashrate.”

However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.

According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).

The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).

The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.

Coinbase surpasses all-time high

Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.

The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.

Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.

Norwegian deep-sea miner commits to US$1.2 billion Bitcoin strategy

Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.

The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.

To increase transparency, the firm plans to report BTC-per-share data for investors going forward.

Metaplanet raises US$515 million in single-day stock exercise

Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”

While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.

Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.

EU set to ignore ECB’s stablecoin warning, push ahead with new rules

The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.

The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.

ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.

Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.

The new rules are expected to be unveiled within days.

South Korean banks collaborate on won-backed stablecoin

According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin

Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.

The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.

He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.

Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea’s currency and hinder the central bank’s monetary management strategies.

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