Author

admin

Browsing

Here’s a quick recap of the crypto landscape for Monday (April 28) 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$94,867.28 as markets closed for the day, up 0.4 percent in 24 hours. The day’s range has seen a low of US$93,589.07 and a high of US$95,212.29.

Bitcoin performance, April 28, 2025.

Bitcoin performance, April 28, 2025.

Chart via TradingView.

Bitwise CEO Hunter Horsley said heightened institutional activity drove Bitcoin’s rally to US$94,000.

In a client note, Greg Cipolaro, the global head of research at NYDIG, said, “Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.” However, it’s worth noting that Bitcoin fell by about US$2,000 after the markets opened in tandem with declining US Treasury yields.

Ethereum (ETH) ended the day at US$1,799.74, a 0.5 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,754.97 and a high of US$1,803.29.

Altcoin price update

  • Solana (SOL) ended the day valued at US$148.64, down one percent over 24 hours. SOL experienced a low of US$145.89 and peaked at $150.06.
  • XRP traded at US$2.30, reflecting a 0.8 percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.26 and reached its highest point at US$2.31.
  • Sui (SUI) was priced at US$3.61, showing an increaseof 0.6 percent over the past 24 hours. It achieved a daily low of US$3.55 and a high of US$3.73.
  • Cardano (ADA) was trading at US$0.7091, up 1.1 percent over the past 24 hours. Its lowest price on Monday was US$0.6879, with a high of US$0.7136.

Today’s crypto news to know

US$330 million Bitcoin transfer sparks concern

On-chain investigator and analyst ZachXBT has called out a “suspicious transfer” of 3,520 BTC to a new address just after midnight on Monday; the coins were worth approximately US$330.7 million at the time.

“Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%,” Zach wrote, adding that the move was “likely a theft” roughly an hour later.

Zach concluded that a longtime holder using major exchanges to suddenly transfer a large sum in many small, costly increments to instant exchanges would be an inefficient method for legitimate use.

To date, there has been no confirmation of anyone coming forward to say they have been robbed. Monero’s price has retracted to near its post-spike price, up 10 percent in 24 hours to US$253.09 at the time of writing.

Loopscale suffers hack, bounty negotiations ongoing

On Saturday (April 26), approximately US$5.8 million of USDC and SOL were stolen from the Solana-based DeFi protocol Loopscale. Roughly US$5.7 million UDSC and around 1,200 SOL were taken from Genesis vaults.

Loopscale’s analysis reveals that the attackers manipulated Loopscale’s RateX PT token, which allowed them to exploit a flaw in how the system determined the value of deposited assets.

The stolen funds represent around 12 percent of Loopscale’s total value locked.

In response, Loopscale suspended all withdrawals from its vaults and temporarily halted trading. The platform has offered the attackers a 10 percent bounty and said it would not pursue legal action if the remaining 90 percent is returned. According to Loopscale’s update, posted on X on Sunday (April 27) evening, the attackers agreed to return the funds in exchange for a bounty, but said they expected 20 percent. According to the latest update from Etherscan, negotiations are ongoing, and there have been no reports of the funds being returned as of the time of writing.

Strategy stacks US$1.42 billion in Bitcoin

Bitcoin bull Michael Saylor’s firm, Strategy, added another 15,355 BTC to its holdings last week, spending roughly US$1.42 billion between April 21 and 27 as Bitcoin surged past the US$90,000 mark.

According to Strategy’s April 28 filing with the US Securities and Exchange Commission, the purchase was made at an average price of US$92,737 per Bitcoin, bringing the company’s total haul to a staggering 553,555 BTC — now valued at more than US$50 billion. The move marks Strategy’s largest Bitcoin acquisition since late March and reflects the firm’s aggressive accumulation strategy despite growing market volatility.

On social media, Saylor celebrated the purchase, noting that Strategy’s Bitcoin yield now sits at 13.7 percent year-to-date, and reaffirmed his belief that Bitcoin remains massively undervalued despite its recent rally.

With the company’s market cap pushing toward US$100 billion and Bitcoin trading around US$95,000, Strategy’s latest moves signal continued institutional confidence in Bitcoin as a core asset class.

Grayscale pushes SEC to approve Ethereum ETF staking

Grayscale Investments is renewing pressure on the US Securities and Exchange Commission (SEC) to allow staking activities for Ethereum exchange-traded funds (ETFs), highlighting that restrictive rules have already cost US funds more than US$61 million in foregone rewards.

In a high-level meeting with the SEC’s Crypto Task Force, Grayscale executives presented a proposal to amend existing Ethereum ETF filings to permit staking, emphasizing the competitive disadvantage US funds now face compared to their European and Canadian counterparts.

Grayscale argued that staking would not only enhance investor returns but also contribute to Ethereum network security, supporting a more resilient decentralized infrastructure.

The company also laid out a liquidity management plan to address concerns about redemption risks, including credit facilities and liquidity sleeves with custodians like Coinbase Custody.

Coinbase to launch Bitcoin yield fund

Coinbase is set to introduce the Coinbase Bitcoin Yield Fund on May 1, which will offer exposure to institutional investors from outside the US. “This fund is a conservative strategy that seeks a 4-8 percent net return in Bitcoin per year, over a market cycle, with investors subscribing and redeeming in Bitcoin,” the company said on Monday.

The yield will be generated through a cash-and-carry strategy, through the difference between spot Bitcoin prices and derivatives, as Bitcoin itself lacks a built-in mechanism for generating passive income like staking on other blockchains.

According to Coinbase, custodians of the fund will trade using third-party custody integrations to lessen counterparty risk, avoiding higher-risk Bitcoin lending and systematic call selling.

SEC’s Peirce likens US crypto regulation to ‘floor is lava,’ demands real reform

SEC Commissioner Hester Peirce delivered a blistering critique of US crypto regulations, comparing them to the children’s game ‘floor is lava,’ where firms must hop precariously across unclear legal guidelines to avoid regulatory pitfalls.

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce criticized the lack of coherent, actionable rules for investment advisers, custodians and exchanges dealing with crypto assets.

She stressed that without clear definitions around securities classifications and custodial qualifications, the industry is being paralyzed by uncertainty, stifling innovation and deterring responsible market participants.

Fellow commissioner Mark Uyeda reinforced Peirce’s warnings, urging the SEC to expand custodial options by recognizing state-chartered trust companies, a move he said is essential to the healthy development of crypto trading platforms and alternative trading systems.

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.

Keep reading…Show less
This post appeared first on investingnews.com

Elon Musk, the world’s richest man, is starting to transition from his role with the Department of Government Efficiency (DOGE) and is no longer working regularly from the White House, according to a report from the New York Post.

His impending exit is no surprise, as the White House confirmed earlier this month that the plan was always for Musk to refocus on Tesla once he completed ‘his incredible work at DOGE.’

The Tesla CEO was appointed as an unpaid special government employee under DOGE and remains involved in the agency remotely.

Fox News’ Bret Baier previously asked the DOGE leader during an interview with him and members of his team if he would be working past the 130 days typically expected of special government employees.

To which Musk responded, ‘I think we will have accomplished most of the work required to reduce the deficit by a trillion dollars within that timeframe.’ 

Musk has also reportedly told his investors that he would be ‘allocating far more of my time to Tesla’ in the coming months during a Tesla earnings call.

Although the exact amount of money DOGE has recovered is unknown, Musk has said that he believes enough work has been done to reduce the deficit by a trillion dollars.

White House Chief of Staff Susie Wiles told The NYP that Musk working remotely ‘really doesn’t matter much’ when it comes to accomplishing goals.

‘Instead of meeting with him in person, I’m talking to him on the phone, but it’s the same net effect. He hasn’t been here physically, but it really doesn’t matter much,’ Wiles said.

Wiles also said Musk’s team is still working from the Eisenhower Executive Office Building next to the West Wing.

‘He’s not out of it altogether… He’ll be stepping back a little, but he’s certainly not abandoning it,’ she told the outlet.

This post appeared first on FOX NEWS

Lawyers for an Australian woman accused of fatally poisoning three family members with deadly mushrooms have told the jury their deaths were a “terrible accident.”

Erin Patterson is standing trial for the 2023 deaths of her mother-in-law Gail Patterson, father-in-law Donald Patterson and Gail’s sister Heather Wilkinson – who all died in hospital days after Patterson served them a meal that contained death cap mushrooms.

She is also charged with the attempted murder of Heather’s husband Ian Wilkinson, who was also at the lunch but survived.

Crown prosecutors allege Patterson deliberately served lethal mushrooms to kill her lunch guests; her defense counsel claims the deaths were a tragic accident.

During opening arguments on Wednesday, Patterson’s lawyers admitted that she initially lied to police when she said she hadn’t foraged for mushrooms and didn’t own a dehydrator. They said when she learned how ill her guests had become after eating her meal, she “panicked” and acted in ways that may seem suspicious.

The saga, which has gripped the nation for two years, began on a summer day in late July 2023 when Patterson hosted the four relatives of her estranged husband at her home, telling them she wanted to discuss a medical issue. Her ex-husband had also been invited but did not attend.

The court heard she told her guests she had cancer and asked them for advice on how she should break it to her two children. The prosecution alleges she did not have cancer, and had used the “medical issues” discussion to ensure the children would not be at the meal; the defense admitted she had lied about the diagnosis.

During the meal, Patterson served her guests individual beef wellingtons – a steak and pastry dish that incorporates mushrooms. Her guests fell ill hours later and were all admitted to hospital where doctors suspected mushroom poisoning, prompting a police investigation. Patterson was arrested and charged several months later.

Prosecutor Nanette Rogers SC alleged that Patterson served the guests death cap mushrooms – a highly poisonous variety of wild fungus – that she had picked herself.

Patterson herself had gone to the hospital, claiming to feel unwell after the meal – but her tests did not show severe illness, and she voluntarily discharged herself against doctors’ advice, prosecutors said.

Patterson had told police she didn’t own a dehydrator, but surveillance footage after the deaths showed her disposing of a unit at a local trash dump, which was later found to contain traces of death cap mushrooms, the court heard.

Patterson insists she is innocent. Her defense lawyers told the jury they don’t dispute that the guests died from her meal – but argued she had not intentionally poisoned them.

“The defense case is that Erin Patterson did not deliberately serve poisoned food to her guests at that lunch on the 29th of July, 2023,” said defense lawyer Colin Mandy SC.

“She didn’t intend to cause anyone any harm on that day. The defense case is that what happened was a tragedy, a terrible accident.”

Mandy admitted that Patterson had lied about the dehydrator and about foraging for mushrooms, saying she had simply panicked in the moment.

“The defense case is that she panicked because she was overwhelmed by the fact that these four people had become so ill because of the food that she’d served to (them),” Mandy said. “Three people died because of the food that Erin Patterson served that day. So you’ll need to think about this issue – how Erin Patterson felt about that in the days that followed.”

Patterson has pleaded not guilty to all charges. The case is expected to continue for up to six weeks.

This post appeared first on cnn.com

Amid rising production and weakening demand, the global nickel market is forecast to swing into a 198,000 metric ton (MT) surplus in 2025, according to the International Nickel Study Group (INSG).

In an April 24 release, the INSG said that world primary nickel production is expected to reach 3.735 million MT this year, outpacing the primary usage forecast of 3.537 million MT for 2025.

The nickel sector recorded surpluses of 170,000 MT in 2023 and 179,000 MT in 2024.

‘The world economy is currently facing changes to national policies, namely related to trade. This will probably contribute to a higher level of uncertainty regarding raw materials markets,’ the group notes.

Prices for nickel, a critical component in stainless steel and electric vehicle (EV) batteries, have struggled under mounting oversupply. After losing more than 7 percent in 2024, nickel prices continued to show volatility in Q1 2025.

Nickel hit five year lows in the US$15,000 per MT range in early April, driven by a combination of global overproduction, tight ore availability and geopolitical tensions, including the escalation of US tariffs on Chinese goods.

Indonesia, the world’s largest nickel producer, is at the heart of these market dynamics. The INSG said ‘delays in the issuance of mining permits’ are creating ore tightness, even as refined production continued at elevated levels.

In 2024, Indonesia mined an estimated 2.2 million MT of nickel, accounting for over half of global output.

However, regulatory uncertainty has compounded challenges for Indonesian producers.

The country’s newly approved royalty hikes, which increase the rate from 10 percent to between 14 and 19 percent depending on nickel prices, have sparked backlash from industry stakeholders. In a letter shared with the government, they called the increases “unrealistic and (not reflective of) the current state of the industry.”

Filipino policymakers have proposed following Indonesia’s earlier example by banning exports of raw nickel, a move that, if implemented, could introduce fresh instability to global supply chains reliant on Southeast Asian ore.

China’s expanding nickel output

In China, the INSG forecasts further growth in primary nickel output in 2025, fueled by expansions in nickel cathode and nickel sulfate production. This growth is expected even as nickel pig iron output declines.

Yet demand in China — the world’s largest nickel consumer — faces headwinds. Tariffs from the US and sluggish activity in key sectors like construction and home appliances have pressured stainless steel demand.

According to the INSG, stainless steel production in China grew 10.6 percent year-on-year in the first quarter of 2025, with analysts expecting another year of surplus.

At the same tiime, the nickel-intensive EV battery market has been slower to expand than anticipated. Increased reliance on lithium iron phosphate (LFP) batteries, which do not require nickel, and rising demand for plug-in hybrids over fully electric vehicles, have both dampened growth prospects for nickel demand.

US tariffs deepen market volatility

The Trump administration’s escalating tariffs against China have also weighed heavily on the market — nickel prices dropped 11.5 percent in the week after new tariffs were announced on April 2.

The impact of tariffs on midstram and downstream battery products has been especially severe.

Thomas Matthews, an analyst at CRU Group, explained during a recent webinar that US tariffs on Chinese goods will soon amount to 173 percent for energy storage batteries and 143 percent for EVs.

“We’ve already seen that there was significant amounts of stockpiling prior to the tariffs being implemented,” he said, adding, “But there are also now huge volumes of batteries that are sitting in US bonded warehouses, which is proving to be a major headache for the importers.’ Matthews also noted that although imports of cobalt and lithium remain exempt from new tariffs, “nickel, interestingly, is currently not exempt.”

The INSG’s next meetings are scheduled for October 6, 2025. In the meantime, with surplus forecasts rising and demand signals weakening, nickel faces another challenging year ahead.

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

Keep reading…Show less
This post appeared first on investingnews.com

Britain’s military launched airstrikes against Houthi targets in Yemen on Tuesday with US forces, its defense ministry said – the first public acknowledgment of a joint operation since the Trump administration escalated the US campaign against the militant group.

The strikes targeted “a cluster of buildings” south of the capital Sanaa used by Houthis to manufacture drones, which the group uses to attack ships at sea, Britain’s Ministry of Defence said in a statement released Wednesday.

The Royal Air Force sent Typhoon fighter jets to target those buildings, dropping precision bombs after dark following “very careful planning … to allow the targets to be prosecuted with minimal risk to civilians or non-military infrastructure,” the statement said. All the aircraft returned safely, it added.

The Iran-backed Houthis began a military campaign in solidarity with Palestinians when Israel went to war in Gaza in October 2023. They have repeatedly attacked US Navy ships and commercial vessels in the Red Sea and the Gulf of Aden – two waterways that are critical to international shipping routes – and fired missiles at Israel.

In response, the US has tried to disrupt the Houthis’ capabilities by going after their primary weapons, and by destroying maritime drones and underwater drones.

The UK has participated in joint strikes with the US against the Houthis before, including numerous operations in 2024.

But Wednesday’s statement marks its first acknowledgment of a joint strike since President Donald Trump launched his aggressive military campaign against the group, vowing to use “overwhelming force” to stop the Red Sea attacks.

Tuesday’s joint operation “was in line with long-standing policy of the UK government, following the Houthis initiating their campaign of attacks in November 2023, threatening freedom of navigation in the Red Sea, striking international ships, and killing innocent merchant mariners,” said the ministry statement.

John Healey, the UK’s defense secretary, said the strikes aimed to prevent further Houthi attacks, adding that a 55% drop in shipping through the Red Sea had caused regional instability and damaged the UK’s economy.

Since Trump began his campaign – known as “Operation Rough Rider” – on March 15, US airstrikes have pounded Houthi targets in Yemen, hitting oil refineries, airports and missile sites. The US military acknowledged carrying out over 800 individual strikes in its monthlong campaign, while analysts estimate dozens of Houthi military officers have been killed.

On Monday the Houthis alleged a US airstrike hit a prison holding African migrants, killing dozens.

In response, US Central Command said it was “aware of the claims of civilian casualties related to the US strikes in Yemen, and we take those claims very seriously. We are currently conducting our battle-damage assessment and inquiry into those claims.”

This post appeared first on cnn.com

The world is arming itself at the fastest rate since near the end of the Cold War, according to a new report, as major wars rage in Ukraine and Gaza and military tensions spike from Europe to Asia.

The 9.4% year-on-year rise to $2.718 trillion in global military spending in 2024 is the highest figure ever recorded by the authoritative Stockholm International Peace Research Institute (SIPRI) in its annual report – which warned there’s no end in sight to the spiraling global arms race. That is the highest rise since 1988, the year before the Berlin Wall fell.

“Many countries have also committed to raising military spending, which will lead to further global increases in the coming years,” the report said.

The United States remains by far the world’s biggest military spender – almost a trillion dollars in 2024, the report said.

Big ticket items in the US budget included F-35 stealth fighters and their combat systems ($61.1 billion), new ships for the US Navy ($48.1 billion), modernizing the US nuclear arsenal ($37.7 billion) and missile defense ($29.8 billion).

The US budget included $48.4 billion in aid for Ukraine, almost three-quarters of Kyiv’s own defense budget of $64.8 billion.

China followed the US in overall military spending with an estimated $314 billion, just under a third of the US total, the report said.

It did not break down Beijing’s spending by weapons or command, but noted China “unveiled several improved capabilities in 2024, including new stealth combat aircraft, uncrewed aerial vehicles (UAVs) and uncrewed underwater vehicles.”

“China also continued to rapidly expand its nuclear arsenal in 2024,” the report said.

Together, Washington and Beijing accounted for almost half of the world’s military spending in 2024, the report said.

But countries involved in – or wary of – regional conflicts showed the biggest increases in spending year over year.

Israel, which launched an invasion of the Palestinian territory of Gaza in 2023, showed a whopping 65% increase in military spending in 2024.

Meanwhile, Russia, which invaded Ukraine in 2022, showed an estimated increase of at least 38%, but the SIPRI noted that figure was likely higher as Moscow augments military coffers with money from regional and other sources.

The more than three-year-long conflict in Ukraine has seen NATO countries significantly boost their military budgets in response to Russia’s belligerence and as US President Donald Trump presses Europe and the US-led alliance to be more responsible for their defense, saying they’ve been taking advantage of the United States for too long.

Germany, with the world’s fourth-largest defense budget, upped its spending by 28%. Romania (43%), the Netherlands (35%), Sweden (34%), the Czech Republic (32%), Poland (31%), Denmark (20%), Norway (17%), Finland (16%), Turkey (12%) and Greece (11%), were the other NATO members among the top 40 defense spenders worldwide who showed double-digit increases in 2024.

“The rapid spending increases among European NATO members were driven mainly by the ongoing Russian threat and concerns about possible US disengagement within the alliance,’ said Jade Guiberteau Ricard, researcher with the SIPRI Military Expenditure and Arms Production Programme.

But analysts said it may take more than money for US allies in Europe to become militarily self-sufficient.

“It is worth saying that boosting spending alone will not necessarily translate into significantly greater military capability or independence from the USA. Those are far more complex tasks,” SIRPI researcher Guiberteau Ricard said in a press release.

In the Indo-Pacific, the SIPRI said China’s 7% increase in 2024 marked the 30th consecutive year-over-year rise in spending for the People’s Liberation Army, “the largest unbroken streak recorded” in the institute’s database, the report said.

“China’s military build-up has also influenced the military policies of its neighbors, prompting many of them to increase spending,” it said.

Japan’s military budget rose 21% in 2024 – Tokyo’s largest increase since 1952. That brought military spending to 1.4% of gross domestic product, the biggest chunk of Japan’s economy devoted to the military since 1958.

The Philippines, embroiled with China in territorial disputes in the South China Sea, increased its defense spending 19%.

And though spending in South Korea went up only 1.4% in 2024, Seoul has the “highest military burden in East Asia,” at 2.6% of GDP, the institute said.

Taiwan, an island democracy of some 23 million people that the Chinese Communist Party claims as its own and has vowed to seize by force if necessary, increased its defense budget by only 1.8% last year, but Taipei’s military spending is up 48% since 2015, the report said.

India, meanwhile, had the world’s fifth-largest defense budget ($86.1 billion) in 2024. New Delhi’s increase over 2023 was only 1.6%, but the country’s defense spending is up 42% over the past decade, indicative of a troubling trend, researchers said.

“Major military spenders in the Asia–Pacific region are investing increasing resources into advanced military capabilities,” Nan Tian, director of the SIPRI Military Expenditure and Arms Production Programme, said. “With several unresolved disputes and mounting tensions, these investments risk sending the region into a dangerous arms-race spiral.”

Also in Asia, Myanmar, which has seen internal conflict since a military coup in 2021, increased spending by 66% in 2024. At 6.8% of its GDP, Myanmar maintains the largest military burden in the Asia-Pacific, the report said.

Military expenditures in Africa were up 3% overall in 2024. Algeria is the continent’s biggest spender, while ranking 20th worldwide.

In the Americas, Mexico showed a 39% surge in military spending in 2024, “reflecting the government’s increasingly militarized response to organized crime,” the report said.

This post appeared first on cnn.com

As servicemen aboard the US Navy aircraft carrier dumped millions of dollars of military hardware into the South China Sea, the commander chose not to watch.

Capt. Larry Chambers knew his order to push helicopters off the flight deck of the USS Midway could cost him his military career, but it was a chance he was willing to take.

Above his head, a South Vietnamese air force major, Buang-Ly, was circling the carrier in a tiny airplane with his wife and five children aboard and needed space to land.

It was April 29, 1975. To the west of where the Midway was operating, communist North Vietnamese forces were closing in for the capture of Saigon, the capital of South Vietnam, which the US had supported for more than a decade.

Buang feared his family would pay a terrible price if captured by the communists. So, he jammed his family aboard the single-engine Cessna Bird Dog he found on minor airstrip near Saigon, headed out to sea – and hoped.

And luckily Buang ran into another “idiot,” as Chambers puts it.

The Midway’s deck was crowded with helicopters that Tuesday because it was assisting in Operation Frequent Wind, the helicopter evacuation of Saigon.

Some 7,000 South Vietnamese and Americans would make their way onto US Navy ships on April 29 and 30 in frenzied escapes from Saigon. Some 2,000 of them found their way onto Midway. But few could rival the drama of the family of seven in that two-seat Cessna.

Buang had no radio and so the only way to let the captain of the Midway know he needed help was to drop a handwritten note onto its deck as he flew overhead.

Several attempts failed before finally one found its mark.

“Can you mouve [sic] these Helicopter to the other side, I can land on your runway, I can fly 1 hour more, we have enough time to mouve. Please rescue me, Major Buang wife and 5 child,” it read.

Capt. Chambers had a choice to make: clear the deck as Buang requested; or let him ditch in the ocean. He knew the aircraft, with its fixed landing gear, would flip over once it hit the water. Even if it held together, flipping would doom the family to drowning.

He couldn’t let that happen, he said, even though his superiors did not want the small aircraft to land on the carrier.

Neither did the Midway’s air boss, who ran flight deck operations.

“When I told the air boss we’re going to make a ready deck (for the small plane), the words he had to say to me I wouldn’t want to print,” Chambers said.

Chambers said he ordered all of the ship’s 2,000-person air wing up to the deck to prepare to receive the small plane and turned his ship into the wind to make a landing possible.

Crewmen pushed helicopters – worth $30 million by some accounts – off the deck. American, South Vietnamese, even CIA choppers splashed into the waves.

Chambers still doesn’t know exactly how many. “In the middle of chaos, nobody was counting,” he said.

And he wasn’t looking.

Because he was disobeying the orders of his superiors in the US fleet, he knew his decision could land him a punishment that included being kicked out of the Navy.

“So that was my defense. It was kind of a stupid idea at the time, but at least it gave me the confidence to go ahead and do it.”

With enough space cleared, Buang touched down on the Midway. Crewman grabbed onto the light plane with their bare hands to make sure it wasn’t blown off the deck in the strong winds coming across it. The rest of the crew cheered.

“He’s probably the bravest son of a bitch I’ve run into in my whole life,” said of Buang, adding that the South Vietnamese pilot was trying save his family by landing on an aircraft carrier – something he’d never done before – in a plane not designed for that.

“I was just clearing the runway for him … that’s all you can do.”

And life came before hardware, he said.

“We do the best we can saving human lives. That’s the only thing you can do.”

The final days of the Vietnam War

The fall of Saigon brought the final curtain down on a grinding conflict that unleashed devastation across the region, cost more than 58,000 American and millions of Vietnamese lives, saw the might of US military power fought to a bloody stalemate and triggered huge social unrest at home.

The 50th anniversary on Wednesday will trigger complex and mixed emotions for those who lived through it.

For Vietnam’s government, still run by the same Communist Party that swept to victory, it will be a week of huge parades and celebrations, officially known as “Liberation of the South and National Reunification Day.” For those South Vietnamese who had to flee, many of whom settled in the US, the anniversary has long been dubbed “Black April.”

For US veterans, it will once again raise the age-old question – what was it all for?

Chaos ruled Saigon in the last week of April 1975.

Though more than a decade of US military involvement in the Vietnam War had officially ended with the signing of the Paris Peace Accords with North Vietnam in January 1973, the deal didn’t guarantee an independent state in the South.

The administration of US President Richard Nixon had pledged to keep up military aid for the government in Saigon, but it was a hollow promise that would not last into the era of his successor Gerald Ford. Americans, tired of a divisive war that had cost so many lives and hundreds of billions in taxpayer dollars, were broadly unsupportive of the South Vietnamese regime.

In early March 1975, North Vietnam launched an offensive into the South that its leaders expected would lead to the capture of Saigon in about two years. Victory would come in two months.

Refugees cling to a Chinook helicopter taking off after a supply drop to troops along Highway One, about 38 miles northeast of Saigon, April 14, 1975.

On April 28, North Vietnamese forces attacked Tan Son Nhut Air Base in Saigon, making an evacuation by airplane impossible. There was no other place in the city that could handle large aircraft.

With helicopter evacuation the only option, Washington launched Operation Frequent Wind.

When Bing Crosby’s seasonal classic “White Christmas” played over the radio, that was the signal for Americans and select Vietnamese civilians to go to designated pickup spots to be airlifted out of the city.

More than 100 helicopters, operated by the US Marine Corps, the US Air Force and the CIA, would deliver evacuees to US Navy ships waiting offshore.

By command of the president (not really)

While Capt. Chambers was making command decisions at sea, American helicopter pilots were doing so above Saigon.

Marine Corps Maj. Gerry Berry flew from a US ship offshore to Saigon 14 times during the evacuation, the last of those flights marking the official end of the US presence in South Vietnam.

But getting to that point wasn’t straightforward.

Berry, the pilot of a twin-rotor CH-46 Sea Knight helicopter, got orders on the afternoon of April 29 to fly to the US Embassy in Saigon and get Ambassador Graham Martin out.

But nobody seemed to have told Martin or the US Marines guarding the embassy.

Upon touchdown, when he told the guards he was there to pick up the ambassador, they ushered about 70 Vietnamese evacuees aboard the aircraft instead, he said.

Subsequent flights from an offshore US Navy ship were greeted with more and more evacuees – and no US envoy.

With each flight to and from the embassy, Berry could see the crowds outside the it growing – and North Vietnamese forces drawing closer.

But he knew someone had to take charge, to at least get the ambassador out.

Around 4 a.m., he could see the North Vietnamese forces closing on the embassy.

“The tanks were coming down the road. We could see them. The ambassador was still in there,” he said.

Landing on the roof, the Sea Knight took on another stream of evacuees – and no Ambassador Martin.

Berry called a Marine guard sergeant over to the cockpit – and told him he had direct orders from President Ford for the ambassador to get on the helicopter.

“I had no authorization to do that,” Berry said. But he knew time was short, and his frustration at making this trip more than a dozen times was boiling over.

“I basically ordered him out, when I said in my best aviator voice, ‘The president sends. You have got to go now,’” using military terminology for how an order is handed down.

He said Martin seemed happy to finally get a direct order, even if it came from a Marine pilot.

“It looked like an Olympic sprint team getting on that (aircraft). So you know, I’ve always said that all he wanted to do was be ordered out by somebody,” Berry said.

With the envoy aboard, the Sea Knight headed out to the USS Blue Ridge, ending Berry’s 14th flight of Operation Frequent Wind, some 18 hours after he started.

Hours later North Vietnamese tanks would break through the gates of the South Vietnamese presidential palace, not far from the US Embassy. The Vietnam War was over.

Legacies of Vietnam

Berry and Chambers were both officers who had to make decisions – outside or against the chain of command – that saved lives during the fall of Saigon, which was soon renamed Ho Chi Minh City by the victorious North Vietnamese.

And Chambers says it is a quality that sets the US military apart from its adversaries to this day.

“We have young kids … taught initiative to do things and to take responsibility, unlike some of the other militaries where the commissar, or whoever it is,” looms over every decision, Chambers said.

“We want everybody to think, and everybody to act,” said Chambers, who as a Black man was the first person of color to command a US Navy aircraft carrier.

“You’ve got to be the guy in charge. You can’t run things all the way up through the Pentagon every time you have to do something,” Berry said.

Chambers never faced any disciplinary action for his decisions aboard the Midway off Saigon. He’s not sure if that’s because the Midway wasn’t the only ship dumping helicopters overboard that day or because he was quickly dispatched on another rescue mission.

And it certainly didn’t hurt his naval career. Two years after dumping those helicopters into the sea, he was promoted to rear admiral.

Pilot Berry, who also served a combat tour in Vietnam in 1969 and ’70, is also left with sadness at the war’s futility.

“I hate to think all those deaths were for naught, the 58,400,” he said.

“What did we gain by all that, you know? And we killed more than a million Vietnamese.”

“Those people not only lost that life, but they lost the life where they would have had families and all those things,” Berry said.

As the 50th anniversary of his evacuation flights neared, Berry, now 80, was asked how long Americans would remember the Fall of Saigon, which brought to a close one of the US military’s greatest failures.

“With the number of lives we lost… it can’t be called a victory. It just can’t be,” Berry said.

But Vietnam also provides lessons 50 years later about keeping your trust with allies and friends, like NATO and Ukraine, he said.

“We had all that promised aid for South Vietnam that never came after the final assault” began in March 1975, he said.

“We never, never delivered.

“You promise something, you should follow through.”

This post appeared first on cnn.com

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce the first assay results from the reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.

HIGHLIGHTS

  • First assay received from maiden drilling campaign at Rae contains high grade copper mineralisation
  • Highlights from DAN25003:
    • 58mtrs @ 3.08% Cu and 13.3g/t Ag from 52m, and
    • Intercept including a high-grade intersection of 18m @ 5.21% Cu and 22.33g/t Ag from 69m.
    • Assay results from the remainder of drilling and field sampling at Danvers are expected over the coming weeks.
  • Pre collar drilling at the Hulk sediment-hosted copper target is well underway, with three (3) holes predrilled down to a depth of ~180mtrs, setting up a quick restart for diamond drilling to commence.

“The commencement of the reporting of drilling assays marks an important inflection point for the Company. All the hard work to date, which includes desktop review of historical showings, field sampling and aerial geophysics has ultimately led us to these results, which pleasingly, we couldn’t have kicked off more strongly.

The first holes at Danvers were all about orienteering and exploration to identify the mineralisation, so therefore, having the first assay produce an intersection of just shy of 60 meters at more than 3% is an outstanding way to kick off the results and reporting. Complementing our remarkable rock chip assays at surface, this assay now provides down hole proof of high-grade copper mineralisation in the system. Whilst incredibly impressive, it is our belief that these results set the scene for what’s to come, because as we saw, based on the field observations – post the early holes, the team on site really dialled in to the geology.

Additionally, progressing pre collar drilling for the upcoming diamond drill campaign at the massive Hulk sedimentary target will provide a significant advantage for our return to Rae with the diamond drills. Predrilling is underway across the Hulk deposit, with holes being drilled to the limit of the RC drilling rig to depths of between 180 and 200 meters, only about 50mtrs above the target horizon for the massive sedimentary hosted copper targets. Utilising this head start, the diamond drills, will quickly and efficiently be into the target horizon”

Troy Whittaker – Managing Director

Click here for the full ASX Release

This post appeared first on investingnews.com

Challenger Gold Limited (ASX: CEL) (“CEL” the “Company”) notes the ASX Release by Austral Gold Limited titled ‘Austral Gold Provides Update on Casposo Plant Refurbishment’ today. The release provides an update on the refurbishment of the Casposo Processing Plant and reports that the refurbishment is on track for the start up of commercial operations in the second half of 2025.

HIGHLIGHTS

  • Austral Gold announced that Casposo Plant refurbishment is advancing safely and efficiently across all core workstreams.
  • Austral update aligns with second independent plant inspection commissioned by CEL.
  • CEL’s inspection was undertaken by the same process engineers that completed the Audit of the Casposo Plant and Restart Plan in December 2024.
  • Key takeaways from the second inspection report commissioned by CEL are:
    • Robust advancement across all key processing areas
    • Progress in line with existing refurbishment schedule
    • Solid-liquid separation capacity (previously identified as a key risk) appears adequate for the required 1000 TPD capacity
    • Sufficient time remaining to complete all maintenance work to meet the commissioning target in Toll Milling Agreement during the second half of 2025.

The Austral update aligns with a second independent plant independent inspection report received by the Company during April 2025. This report was prepared by the leading process group that completed the independent Audit of the Casposo Plant in December 2024 (ASX Release dated 13 December 2024).

Background to Toll Milling

The Company has executed a binding Agreement with Casposo Argentina Mining Limited, the operator of the Casposo Plant located in San Juan Argentina. This Toll Milling Agreement secures processing of a minimum of 450,000t of near surface Hualilan mineralised material over 3 years (ASX Release dated 30 December 2024).

The Casposo Plant, located 170km from Hualilan via established roads, has historically produced over 323,000 ounces of gold and 13.2 million ounces of silver. During operations, the plant achieved average annual production of 40,000 ounces of gold and 1.6 million ounces of silver at recoveries of 90% for gold and 79% for silver. The plant has been on care and maintenance.

The primary objective of this Toll Milling strategy is to capitalise on the current high gold price (above US$3,300/oz) to generate early cash flow. This cashflow will be allocated towards the construction of the standalone Hualilan Gold project including a Flotation with Tails Leach (“FTL”) circuit, a potential Heap Leach (“HL”) pad at Hualilan, and open pit mining fleet.

Click here for the full ASX Release

This post appeared first on investingnews.com