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Israel activates ‘Barak Magen’ aerial defenses for system’s first ever interception

Israel activated a new aerial defense system – dubbed ‘Barak Magen,’ meaning ‘lightning shield’ – for the first time on Sunday night, saying it intercepted and destroyed multiple Iranian drones.

The Israeli Navy intercepted eight Iranian drones using the ‘Barak Magen’ and its long-range air defense (LRAD) interceptor, which were launched from an Israeli navy Sa’ar 6 missile ship, the Israel Defense Forces (IDF) said in a statement.

John Hannah, senior fellow at The Jewish Institute for National Security of America (JINSA) and the co-author of a report published earlier this month on Israel’s defense against two massive Iranian missile attacks in 2024, told Fox News Digital on Monday that the air defense system ‘significantly enhances’ the air and missile defense architecture of Israel’s navy.

‘The Barak Magen is simply another arrow in the expanding quiver of Israel’s highly sophisticated and increasingly diverse multi-tiered missile defense architecture – which was already, by leaps and bounds, the most advanced and experienced air defense system fielded by any country in the world,’ Hannah said.

The system can intercept a ‘wide range of threats,’ according to the IDF, including unmanned aerial vehicles (UAVs), cruise missiles, high-trajectory threats and shore-to-sea missiles.

Hannah said the system not only provides force protection for the Israeli fleet but also gives long-distance protection to Israel’s expanding oil and gas infrastructure in the eastern Mediterranean, along with critical infrastructure and population centers located along Israel’s coastline.

‘It allows Israel to conduct interceptions at significant distances from the Israeli homeland, both out in the eastern Mediterranean and the Red Sea, and thereby adds critically important strategic depth when defending Israel’s tiny geographic area,’ he said.

The IDF said that the Israeli Navy’s missile ship flotilla has intercepted about 25 UAVs that posed a threat to Israel since the conflict with Iran escalated.

Israel and Iran traded missile strikes for the fourth day on Monday, with Iran firing a new wave of strikes that killed at least eight people and wounded dozens more.

Meanwhile, the Israeli military claimed it had achieved air superiority above Tehran, warning about 330,000 people in a central part of the Iranian capital to evacuate ahead of new strikes.

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Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

A Senate panel charged with some of the most hot-button portions of President Donald Trump’s ‘big, beautiful bill’ unveiled its portion of the gargantuan package on Monday.

The Senate Finance Committee, which has jurisdiction over tax policy, Medicaid and a slew of other items baked into the House GOP’s version of the bill, released its text as Republicans sprint to finish work on the president’s bill ahead of a self-imposed July 4 deadline.

The committee, chaired by Sen. Mike Crapo, R-Idaho, had to walk a perilous tightrope with their legislation, given the push and pull surrounding divisive cuts to Medicaid, an increase to the state and local tax (SALT) deduction cap and other provisions in the House’s version of the bill.

Crapo lauded the bill in a statement, and noted that it made the president’s 2017 Tax Cuts and Jobs Act permanent, slashed ‘Green New Deal’ spending and targeted ‘waste, fraud and abuse in spending programs while preserving and protecting them for the most vulnerable.’ 

‘I look forward to continued coordination with our colleagues in the House and the Administration to deliver President Trump’s bold economic agenda for the American people as quickly as possible,’ he said. 

While House Speaker Mike Johnson, R-La., pleaded with Senate leaders to change the bill as little as possible after narrowly passing the bill in the House, particularly on the compromises he reached on SALT and Medicaid, the Senate has vowed to leave its imprint on the package. 

Crapo and Republican committee members have similarly had to navigate divisions in the upper chamber, particularly around Medicaid tweaks to provider payments and an increase to the SALT cap to $40,000 — a change needed to ram the bill through the House, but one Senate Republicans dislike. 

This post appeared first on FOX NEWS

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FLASHBACK: Trump launched his first presidential campaign ten years ago

Ten years ago Monday, businessman Donald J. Trump launched his first presidential campaign, marking the beginning of the ‘Make America Great Again’ movement. 

Trump, beside his wife, Melania, famously came down the golden escalator at Trump Tower on Fifth Avenue in New York City June 16, 2015, to announce his intention to run for president of the United States. 

‘I am officially running for President of the United States,’ Trump posted to his then-Twitter account June 16, 2015, along with a photo of his family after his announcement. ‘#MakeAmericaGreatAgain.’

‘Ten Years Ago Today, President Donald J. Trump came down the Golden Escalator and officially declared his candidacy for President of the United States,’ Team Trump posted to Instagram Monday to commemorate the ten-year anniversary. 

Since, Trump has changed American politics — creating the MAGA movement and serving as the 45th and 47th president of the United States, after beating former Secretary of State Hillary Clinton in 2016 and former Vice President Kamala Harris in 2020. 

Trump is the only president to serve two nonconsecutive terms other than Grover Cleveland who was elected in 1884 and again in 1892.  

‘This will truly be the golden age of America,’ Trump said, upon winning the 2024 election in a landslide. 

This post appeared first on FOX NEWS

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Mike Johnson calls off Israel trip amid Iran conflict

House Speaker Mike Johnson, R-La., is calling off his planned trip to Jerusalem this coming weekend in light of the ongoing conflict between Israel and Iran.

‘Due to the complex situation currently unfolding in Iran and Israel, Speaker Ohana and I have made the decision to postpone the special session of the Knesset,’ Johnson said in a statement.

‘We look forward to rescheduling the address in the near future and send our prayers to the people of Israel and the Middle East.’

Johnson had planned to address the Knesset, Israel’s parliament, this coming Sunday.

It’s a sign of the worsening situation in the Middle East after Israel, which said Iran was dangerously close to a nuclear weapon, launched preemptive strikes in Tehran that hit nuclear enrichment sites and killed top military officials.

Johnson, like most Republicans, backed Israel’s moves.

‘Israel and the United States have been united, including in our shared insistence that Iran must never obtain a nuclear weapon. President Trump and his administration have worked tirelessly to ensure that outcome,’ the speaker said in a statement on Friday.

‘Unfortunately, Iran has refused to agree and even declared yesterday its intent to build a new enrichment facility. Israel decided it needed to take action to defend itself. They were clearly within their right to do so.’

Israel’s military said Monday that it has established ‘aerial superiority’ over Iran’s forces as the conflict continues into another day.

President Donald Trump posted on Truth Social Sunday that Israel and Iran ‘should make a deal, and will make a deal.’ 

‘[W]e will have PEACE, soon, between Israel and Iran! Many calls and meetings now taking place,’ Trump wrote.

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‘It’s wrong’: Hawley warns Senate GOP not to boot Americans from Medicaid in Trump megabill

Sen. Josh Hawley again drew a line in the sand on proposed cuts to Medicaid benefits, and warned his colleagues to follow President Donald Trump’s lead and leave the widely used healthcare program largely intact.

Republican-led Senate committees have spent the last few weeks since the House GOP advanced its version of the president’s ‘big, beautiful bill,’ preparing their own tweaks to the colossal bill, but much of the focus has been on the work being carried out by the Senate Finance Committee.

The panel, which is responsible for health care, tax and other policy provisions, is expected to release its chunk of the budget reconciliation package Tuesday afternoon. House GOP-authored Medicaid provisions, in particular, have been a sticking point for a small group of Senate Republicans.

What those changes on the Senate side of the bill might look like could jump start or stall the momentum of the massive legislative package in the upper chamber.

Hawley, R-Mo, is among that cohort and has long been outspoken in his position that if Senate Republicans produce a version of the president’s ‘big, beautiful bill’ that strips benefits from his constituents, he won’t support the package. But his vision for Medicaid clashes with fiscal hawks who are in search of deeper spending cuts.

One of his main arguments is to listen to what Trump wants to do.

‘This is what I continue to tell my colleagues,’ he said. ‘Anybody who asks me and who’s interested is that, why don’t we just listen to the guy who won the election who said that he doesn’t want any Medicaid benefit cuts, he doesn’t want rural hospitals to close. He wants Medicare not to be touched at all.’

The lawmaker’s remarks came during a press call on Friday discussing the inclusion of his Radiation Exposure Compensation Act (RECA), which provides compensation to people who have been exposed to nuclear waste, into the ‘big, beautiful bill.’

Hawley said the addition was certainly a sweetener for his support, considering that the measure has been his ‘leading legislative priority for two years now.’ Still, Medicaid is one of his top issues in the broader reconciliation fight.

The lawmaker said that he did not have a problem with some of the marquee changes to Medicaid that his House Republican counterparts wanted, including stricter work requirements, booting illegal immigrants from benefit rolls and rooting out waste, fraud and abuse in the program that serves tens of millions of Americans.

However, he noted that about 1.3 million Missourians rely on Medicaid and the Children’s Health Insurance Program (CHIP), and contended that most were working.

‘These are not people who are sitting around, these are people who are working,’ he said. ‘They’re on Medicaid because they cannot afford private health insurance, and they don’t get it on the job.’

‘And I just think it’s wrong to go to those people and say, ‘Well, you know, we know you’re doing the best, we know that you’re working hard, but we’re going to take away your healthcare access,’’ he continued. 

This post appeared first on FOX NEWS

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US still has no UN ambassador as world leaders convene amid multifront crises

After nearly 150 days since President Donald Trump entered office, the U.S. still does not have an ambassador to the United Nations despite geopolitics playing a cornerstone role in his second term.

Following the withdrawal of Elise Stefanik from the nomination in late March over concerns that Republicans would not be able to hold onto her New York seat in the case of a special election, Trump nominated former National Security Advisor Mike Waltz for the top job on May 1.

Though his nomination process appears to be just now moving forward as the Senate Foreign Relations Committee, which needs to vote on his confirmation before a full Senate vote can be cast, only just confirmed receipt of the nomination on Thursday. 

The first movement in Waltz’s nomination process comes more than 45 days after it was first announced despite comments to Fox News Digital in early May by a GOP staffer who said, ‘The committee has been working at a historically fast pace and this nomination will be a priority moving forward.’

Though on Monday the committee was unable to confirm when Waltz’s hearing and subsequent vote would take place.  

When asked by Fox News Digital why it had only just confirmed receipt of the nomination, the committee directed questions regarding the timeline to the White House. 

The White House did not immediately respond to Fox News Digital’s questions about what the holdup could be, given that other nominations, like that of Secretary of Defense Pete Hegseth, were pushed through within five days of Trump entering the Oval Office. 

Though the lack of a U.S. ambassador to the U.N. is not necessarily ‘dangerous,’ it weakens the U.S.’s ability to influence major geopolitical situations at a time when the U.S. is facing some of its greatest multifront geopolitical challenges since World War II.

‘There are downsides diplomatically to not having senior leadership and supporting political staff in New York. It lessens U.S. influence and its ability to negotiate at the top level with other missions and the Secretariat,’ Brett Schaefer, senior fellow at the American Enterprise Institute and an expert on multilateral treaties and international organizations like the U.N., told Fox News Digital.

Schaefer explained that though the U.S. does not have a Senate-approved official in place at the U.N., it does not mean the administration does not have representatives at U.N. headquarters in New York working to push U.S. interests.

The U.S., as a permanent member of the U.N. Security Council, continues to hold its position and ability to use veto powers, should major geopolitical policy come into effect, like the use of snapback sanctions against Iran.

Though the U.S. has representation should an emergency meeting be called, as one was over the weekend by Iran following Israel’s Thursday night military strikes, the ambassador is seen as having the direct ear of the president and can therefore be more influential diplomatically when it tops to the top international body.

‘The United Nations is a serious playground whether you like it or not,’ Jonathan Wachtel, who served as counsel to the U.S. permanent representative to the United Nations during the previous Trump administration, told Fox News Digital, adding that there are arguments for reform and policy changes. ‘But at the end of the day it’s a flash point for every conflict in the world, and it’s important to have the representation of the United States at the world body.’ 

Wachtel also pointed out that with all the conflicts around the world, whether the U.S. is directly involved or not, including Russia’s war in Ukraine, Israel’s war against Iran and in Gaza, as well as broader crises like world hunger, Washington needs its voice heard, otherwise its adversaries will step in. 

‘[There’s] just too many things going on in the world and too much ground to cover,’ Wachtel added. ‘And instead of the U.S. voice heard [at the U.N.], you’re going to have the press corps here and diplomats listening more to the arguments of our adversaries, frankly speaking.’

Diana Stancy contributed to this report.

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Tech 5: Meta Plans Multi-Billion AI Bet, Apple Reveals iOS 26 at WWDC 2025

This week saw a flurry of activity in the tech world, from Apple’s (NASDAQ:AAPL) new product announcements to Amazon’s (NASDAQ:AMZN) massive infrastructure investment in Pennsylvania.

Meanwhile, Nvidia’s (NASDAQ:NVDA) European expansion and its role as an AI powerhouse were all but cemented after a series of announcements at the Paris VivaTech Conference, and Meta Platforms (NASDAQ:META) made some big moves in the AI startup space.

Read on to dive deeper into this week’s top tech stories.

1. Meta’s AI strategy takes shape with US$14.8 billion deal

Meta has a massive deal in the works with Scale AI, according to information provided by sources to multiple outlets.

On June 7, Bloomberg broke the news that Meta was in discussions for a potential investment of over US$10 billion in the AI firm. Then, on Tuesday (June 10), The Information reported Meta would acquire a 49 percent stake in Scale AI for US$14.8 billion, valuing the startup at US$28 billion, a two-fold increase from its valuation in 2024.

The news was followed by reports from the New York Times and Bloomberg Tuesday that Meta would be unveiling a new AI research lab focused on achieving superintelligence that would include Alexandr Wang, who is Scale AI’s founder and CEO, among other Scale AI employees.

Meta CEO Mark Zuckerberg reportedly acquired additional talent for the lab by offering lucrative compensation packages to engineers from multiple other tech firms, including Google (NASDAQ:GOOGL) and OpenAI.

2. Apple’s WWDC disappoints investors

Shares of Apple stock fell by over 2 percent on Monday (June 9) and closed 1.43 percent lower after the company’s lineup of new developments and features revealed at its annual Worldwide Developers Conference failed to impress investors.

Apple’s forthcoming software updates featured subtle improvements, such as a revamped operating system (OS) and AI capabilities that were noticeably toned down compared to the previous year’s unveiling. Among the new additions to Apple devices are in-app live translation, call screening, AI-driven information analysis and more sophisticated image generation capabilities thanks to its partner OpenAI.

The company also said it would provide developers with offline functionality for its on-device AI models.

The biggest development was the introduction of Liquid Glass, a new design language and graphical user interface developed to unify the visual experience across Apple’s operating systems. Also part of the push for unification, Apple shared it is switching to an iOS naming system using a number based on calendar year after its release, meaning the next release will be iOS 26.

Apple briefly mentioned the long-awaited AI-powered upgrade to its Siri assistant that was announced at WWDC 2024. During the previous conference, executives hinted that the new Siri would be released with iOS 18, which came out last September without the upgrade.

While no release date was provided at the event, Senior Vice President of Software Engineering Craig Federighi said that the company looks forward to sharing more details “in the coming year.” The company reaffirmed that timeline in a Bloomberg report after anonymous sources told the publication Apple is aiming for a spring 2026 release.

Shares of Apple stock closed down 3.88 percent for the week.

3. Amazon to build two nuclear-powered data centers in Pennsylvania

Amazon announced plans on Monday to invest at least US$20 billion in expanding its data center infrastructure in Pennsylvania, including the construction of two new data center campuses.

One of the campuses will be in Luzerne County, south of Scranton, alongside Talen Energy’s Susquehanna nuclear power plant. The second campus will be built north of Philadelphia in Bucks County, at the site of what was once a steel mill.

“Pennsylvania is competing again – and I’m proud to announce that with Amazon’s commitment of at least $20 billion to build new state-of-the-art data center campuses across our Commonwealth, we have secured the largest private sector investment in the history of Pennsylvania,” Pennsylvania Governor Josh Shapiro (D) said in a press release.

Later, on Wednesday (June 11), Talen Energy (NASDAQ:TLN) announced the expansion of its nuclear energy partnership struck with Amazon in 2022 to now supply AWS data centers with up to 1,920 megawatts of electricity from its plant, doubling its previous commitment of 960 megawatts.

The two companies also shared plans to explore the development of small modular reactors in the state.

4. Oracle earnings report sends stock to new heights

Oracle (NYSE:ORCL) reported its fiscal Q4 and full year 2025 earnings on Wednesday, revealing total Q4 revenue of US$15.9 billion, above analyst estimates and a year-over-year increase of 11 percent. Earnings per share were US$1.70, which also exceeded expectations of US$1.64.

The software maker’s cloud infrastructure business grew by 50 percent year-over-year in fiscal year 2025, and Oracle projected a further increase of 70 percent in cloud infrastructure sales over the next year.

CEO Safra Catz’s news during the earnings call that the Stargate joint venture is “not yet formed” had little bearing on the company’s stock price. The positive report sent shares to a new high of US$202.44, and they continued climbing to close Friday up 23 percent since the start of the week.

Oracle’s share price performance, June 9 to June 13, 2025.

5. Nvidia CEO highlights AI job creation, European AI deals at VivaTech

In a week of announcements that coincided with the VivaTech 2025 conference in Paris, Nvidia CEO Jensen Huang showcased his company’s role as a full-stack AI infrastructure provider.

His message during his keynote presentation on Wednesday was a stark contrast to Anthropic CEO Dario Amodei’s warning earlier this week that AI could lead to widespread job displacement.

On the contrary, Huang said that AI will create new industries and demand for jobs. He also noted that quantum computing technology is at an inflection point, with the potential to solve problems that currently demand years of processing by classical computers.

His comments came just one day after IBM (NYSE:IBM) unveiled its newest roadmap, which includes plans for a new quantum data center and the IBM Quantum Starling, which the company says will be the world’s first large-scale, fault-tolerant quantum computer.

Cementing Nvidia’s role as a global infrastructure leader, Huang shared plans to develop European sovereign AI models through a newly announced partnership with US-based, AI-powered search engine Perplexity and French sovereign AI start-up H Company. Developers will be able to access and fine-tune Perplexity’s models through Hugging Face, a platform for model sharing and collaboration.

DGX Cloud Lepton, Nvidia’s sovereign-ready AI cloud platform, will host the models on European infrastructure to comply with local data privacy and localization requirements.

Huang said that, with over 20 active AI factory initiatives in the region, he anticipates a tenfold increase in Europe’s AI computing capacity within two years.

Also on Wednesday, insiders for Bloomberg reported that Nvidia and Samsung Electronics (KRX:005930) will make minority investments in robotics software developer Skild AI as part of the company’s Series B funding round. The round is led by a US$100 million investment from SoftBank (TSE:9434) and will result in a US$4.5 billion valuation, according to the report. Sources with insider knowledge said that Nvidia will invest US$10 million and Samsung will put in US$25 million in a strategic move aimed at boosting the companies’ influence in the consumer robotics sector.

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

This post appeared first on investingnews.com

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Questcorp Mining

Investor Insight

With a tight capital structure, experienced management and strategic gold and copper project locations near major past-producing mines, Questcorp is well-positioned to deliver discovery-driven growth to investors.

Overview

Questcorp Mining (CSE:QQQ, OTC:QQCMF, FSE:D910) is a Canadian junior exploration company focused on unlocking value in two high-potential mineral districts: the Sonoran Gold Belt in Mexico and Vancouver Island in British Columbia.

The company aims to build shareholder value through disciplined exploration of assets with near-surface mineralization and proven geologic continuity. The company operates in mining-friendly jurisdictions, close to infrastructure and within major metal-producing belts. Its flagship La Union gold project offers high-grade gold-silver-lead-zinc potential in Mexico, while the North Island copper project provides exposure to porphyry copper and skarn systems in a district that hosts multi-billion-pound copper resources.

With gold prices near all-time highs and a copper supply crunch emerging, Questcorp is targeting discoveries that can drive exponential value from a tightly held share structure.

Company Highlights

  • Flagship Asset – La Union Gold Project (Mexico): A high-grade carbonate replacement gold system in the Sonoran Gold Belt, boasting historical production, strong geologic signatures and drill-ready targets with >80 g/t gold surface samples.
  • Copper Exposure in Tier-1 Jurisdiction: The North Island copper project lies just north of BHP’s historic Island Copper Mine. It shows promising porphyry and skarn-style mineralization and is adjacent to Northisle’s multi-million-ounce copper-gold deposits.
  • Tight Capital Structure and Strategic Investors: ~63 million shares outstanding with approximately 90 percent held by long-term, high-net-worth and international investors with 3-5 year investment window .
  • Execution-focused Management: Led by Founding President & CEO Saf Dhillon, a veteran builder of public companies, and geologist Tim Henneberry, with over 45 years of global exploration success.
  • Immediate Catalysts: Near-term exploration at both assets with active permitting, drill programs and news flow expected throughout 2025.

Key Projects

La Union Gold Project – Sonora, Mexico (Flagship Asset)

The La Union gold project is a 2,604-hectare, road-accessible high-grade carbonate replacement deposit (CRD) located at the edge of the Sonoran Gold Belt, one of the richest gold-producing regions in Mexico. The property is located near major mines, including La Herradura (6.7 Moz, measured and indicated) and San Francisco (1.4 Moz, measured and indicated), and boasts historical production from underground operations by Peñoles and others, reportedly yielding ~50,000 ounces of gold in the 1950s at grades of 7 to 20 grams per ton (g/t) gold.

La Union gold project location

Work done to date includes consolidation of seven historical properties into a single district-scale project by Riverside Resources, which invested more than US$2.5 million in geological mapping, sampling and target definition. Sampling has returned high-grade grab samples including 83.2 g/t gold, 4,816 g/t silver, 30 percent zinc, and 19.8 percent lead. Channel sampling and geological work identified eight mineralized zones, three of which – Plomito, La Famosa and La Union – are drill-ready and fully permitted.

Geology and history of La Union

Questcorp executed a definitive agreement with Riverside in May 2025 to earn up to 100 percent interest in the project. The planned Phase I program includes drilling 10 diamond drill holes averaging 300 meters in depth across the three priority targets, alongside geophysical (gravity and EM) surveys to refine targets. Questcorp will also continue surface exploration at the remaining five targets to identify additional drill candidates. The project’s polymetallic nature and porphyry potential at depth suggest significant resource upside. Riverside remains as the operator during the earn-in, bringing proven success in similar deposits such as Alamos Gold’s Mulatos.

North Island Copper Project (NICP) – Vancouver Island, BC

The North Island copper property is an exploration-stage project located on the northern tip of Vancouver Island, approximately 7.5 km northwest of BHP’s historic Island Copper Mine. The Island Copper operation historically produced 1.2 billion kg copper, 35,268 kg gold, 360,800 kg silver, and significant molybdenum and rhenium from 367 million tonnes of ore, underscoring the district’s endowment.

NICP hosts eight documented copper-silver skarn occurrences and displays porphyry-style mineralization associated with the Island Intrusive suite. The property is geologically anchored by two main target areas: skarns associated with Quatsino limestones in the east and a porphyry copper target to the west, known as the Marisa Zone. Historical drilling by previous operators at Marisa intersected broad zones of copper mineralization, including:

  • DDH92-01: 0.078 percent copper over 56.39 m, including 0.171 percent copper over 16.17 m
  • DDH92-03: 0.041 percent copper over 70.71 m, with increasing grade at depth

Despite promising results, these zones were never followed up. Questcorp intends to revisit and expand on this historic work. The next steps include completing a 3D induced polarization (IP) survey to model chargeability and resistivity anomalies, followed by a focused drill campaign targeting extensions of the Marisa porphyry.

The project benefits from excellent access via the Vancouver Island Highway and logging roads, plus nearby hydro infrastructure, offering low-cost exploration potential. With a favorable neighborhood, including Northisle Copper & Gold Inc. (TSXV: NCX) with a ~$300 million market cap, NICP represents a high-upside copper exploration story in a Tier-1 jurisdiction.

Founding Directors and Management Team

Saf Dhillon – President, CEO and Director

Saf Dhillon has been involved in the development of public companies for over 20 years, holding various positions including investor relations, business development and senior management, as well as board directorships, building an extensive worldwide list of contacts. He was a key member of the Idaho-based U.S. Geothermal’s management team, which grew the company from an approximately US$2 million startup to a successful independent renewable energy power producer with three new power plants operating in the Pacific Northwest. Saf is President & CEO of iMetal Resources Inc. (TSXV: IMR), President & CEO of Bayridge Resources Corp. (CSE: BYRG). He is also a founding director of Torrent Gold (CSE:TGLD), a board member of Lake Winn Resources (TSXV:LWR), and provides assistance to several other private and public companies..

R. Tim Henneberry – Director

R. Tim Henneberry is a professional geoscientist with over 43 years of experience in domestic and international exploration and production for base and precious metals and industrial minerals. He founded Mammoth Geological in 1991, providing geological consulting services to numerous private and publicly traded companies. Henneberry has been involved in senior management of several TSX Venture and CSE listed companies over the last 30+ years, serving as director, senior officer or advisor, including the founding of several.

Scott Davis – Director

Scott Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, providing accounting and management services for publicly listed companies. His experience includes CFO positions of several companies listed on the TSX Venture Exchange, and his past experience consists of senior management positions, including four years at Appleby as an assistant financial controller. Prior to that, he spent two years at Davidson & Company LLP Chartered Professional Accountants as an auditor, and five years with Pacific Opportunity Capital as an accounting manager.

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Crypto Market Recap: Whales Flock to Ethereum, Trump Media Eyes Bitcoin-Ether ETF

Here’s a quick recap of the crypto landscape for Monday (June 16) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$108,585, an increase of 3.1 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$106,615 and a high of US$108,785.

Bitcoin price performance, June 16, 2025.

Chart via TradingView.

Bitcoin has entered the week in recovery mode, erasing recent losses tied to geopolitical tensions. It surged from around US$106,600 to US$108,800 on Monday in the first half of the trading day.

This rebound puts the bulls back in control and may mark the beginning of a new price discovery phase. BTC is now eyeing US$110,500, with some traders forecasting targets of up to US$170,000 to US$230,000 in this cycle.

Ethereum (ETH) is currently priced at US$2,655.05, a 4.7 percent increase over the past 24 hours, after opening at its lowest valuation of US$2,612.07 and reaching a high of US$2,661.06.

Altcoin price update

  • Solana (SOL) is priced at US$157.83, up 3.5 percent over 24 hours. SOL experienced a low of US$155.28 at the open and reached a high of US$158.57.
  • XRP is trading at US$2.33, up by 7.8 percent in 24 hours, and at its highest valuation today. The cryptocurrency’s lowest valuation was US$2.25.
  • Sui (SUI) is trading at US$3.14, showing an increaseof 3.7 percent over the past 24 hours. Its lowest valuation was US$3.10 as the markets opened, and it reached an intraday high of US$3.15.
  • Cardano (ADA) is priced at US$0.6550, up four percent over the past 24 hours. Its lowest valuation on Monday was US$0.6441, its price as the markets opened, and its highest valuation was US$0.6565.

Today’s crypto news to know

Ethereum whales accumulating

Ethereum wallets with 1,000 to 10,000 ETH are accumulating at the fastest pace since 2018, adding over 800,000 ETH on Sunday (June 15) evening according to Glassnode data, signaling strong insider confidence.

Meanwhile, institutional interest continues to surge, with Ethereum staking platforms like Lido attracting significant capital inflows despite short-term price dips.

This robust stacking and staking activity suggests that foundational demand remains strong despite ETH price consolidation. Market insiders and institutions appear poised for a potential breakout, supporting a positive medium- to long-term outlook for Ethereum.

Tron to go public in reverse merger

SRM Entertainment (NASDAQ:SRM) announced a reverse merger to rebrand as Tron, launching a US$210 million Tron treasury funded by a US$100 million equity investment. The move will bring Tron to the public market.

According to the press release, SRM Entertainment will issue 100,000 Series B convertible preferred shares, which can be converted to 200 million common shares at US$0.50 each, along with 220 million warrants to acquire 220 million common shares at an exercise price of US$0.50 each.

Tron founder Justin Sun will advise the new company.

This follows reports of suspicious activity around the January launch of US President Donald Trump’s memecoin, $TRUMP. At the time, a cold wallet was identified with the user name “Sun” and was noted to hold a very significant amount of $TRUMP. This wallet quickly rose to become the top holder. Sun later confirmed he was the largest holder.

Dominari Securities, which hired Donald Trump Jr. and Eric Trump as advisors in February, structured the deal, and Eric Trump is reportedly expected to take a role, according to sources for the Financial Times. This occurs as the GENIUS Act faces a Senate vote on Tuesday (June 17) and amidst scrutiny of Trump’s crypto ties, evidenced by his US$57.7 million in earnings from World Liberty Financial, a firm he and his sons founded.

Trump Media files for Bitcoin-Ether ETF

US President Donald Trump’s media empire is doubling down on digital assets, filing for a dual Bitcoin and Ethereum exchange-traded fund (ETF) under the Truth Social brand.

The proposed ETF, which aims to offer direct exposure to BTC and ETH, will be managed by Yorkville America Digital and marketed as a low-barrier, cost-effective gateway into crypto investing. This follows the firm’s earlier filing for a standalone Bitcoin ETF and public plans to use debt financing to buy BTC outright.

Critics warn of potential conflicts of interest as Trump simultaneously promotes crypto policy and holds a controlling stake in Trump Media & Technology Group (NASDAQ:DJT), now valued in the billions. The White House has denied any crossover influence, saying the president is “walled off” from personal business decisions.

Meanwhile, Trump Jr. and Eric Trump have been actively marketing crypto products and even launched a new “Trump Phone” — all under a nationalist “Made in America” campaign that plays well with Trump’s base.

Strategy buys another US$1.05 billion worth of Bitcoin

Michael Saylor’s Strategy (NASDAQ:MSTR) has added another US$1.05 billion in Bitcoin to its balance sheet, acquiring 10,100 BTC between June 9 and June 15, per a new SEC filing. This brings the company’s total holdings to over 592,000 BTC — purchased at a cumulative cost nearing US$42 billion since August 2020.

Despite Bitcoin’s recent price volatility, Saylor reaffirmed the firm’s “buy and hold indefinitely” strategy and its mission to promote BTC as a global reserve asset.

Shares of Strategy initially slipped 0.4 percent on the news, even as the S&P 500 climbed 1 percent.

Nonetheless, the company’s long-term bet on Bitcoin has paid off handsomely: its stock is up nearly 3,000 percent since entering the crypto space, compared to a 78 percent gain for the S&P over the same period.

Vietnam passes landmark law to regulate crypto

Vietnam’s National Assembly has officially passed the Law on Digital Technology Industry, making it the country’s first legal framework that directly regulates cryptocurrencies and virtual assets.

Set to take effect on January 1, 2026, the law separates digital assets into two core categories — crypto and virtual — excluding traditional securities and CBDCs from its scope.

The legislation also empowers the central government to define asset classes and regulate compliance standards around anti-money laundering, cybersecurity, and terrorism financing.

Officials said the move responds to “persistent gaps” flagged by the Financial Action Task Force (FATF), which gray-listed Vietnam in 2023 for weak AML controls. Analysts believe the law could pave the way for FATF delisting and unlock further international investment.

In parallel, the law extends incentives like tax relief and land-use perks to AI, chip, and data center firms — a clear attempt to position Vietnam as a hub in the global semiconductor supply chain.

Gemini, Coinbase near EU approval

Anonymous sources for Reuters say crypto exchanges Gemini Group Global and Coinbase Global (NASDAQ:COIN) are nearing approval to operate in the EU, joining a growing list of exchanges expanding their operations under the MiCA system. Gemini is expected to receive licensing in Malta, and Coinbase in Luxembourg.

Neither company confirmed the report, but a Coinbase spokesperson told Reuters that Luxembourg is a “well-respected global financial center.”

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

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

This post appeared first on investingnews.com

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Jp Cortez: Is America’s Gold Really There? US Needs Full Audit of Reserves

Jp Cortez, executive director at the Sound Money Defense League, breaks down what to know about the Gold Reserve Transparency Act, a measure to audit the gold in Fort Knox and other places where America’s gold is purportedly stored.

‘A space on X will not suffice, and is not a substitute for a true assay, a true audit of every single transaction that that gold was involved in,’ he said.

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

This post appeared first on investingnews.com

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