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Here’s a quick recap of the crypto landscape for Monday (August 25) as of 9:00 a.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$111,481, a 2.6 percent decrease in 24 hours. Its lowest valuation of the day was US$110,788, and its highest was US$114,779.

Bitcoin price performance, August 25, 2025.

Bitcoin price performance, August 25, 2025.

Chart via TradingView

ETH was priced at US$4,642.54, down by 2.7 percent over the past 24 hours. Its lowest valuation was US$4,538.58 and its highest was US$4,946.05.

Altcoin price update

  • Solana (SOL) was priced at US$198.05, down by 3.1 percent. Its lowest was US$195.54 and its highest as of Monday was US$212.69.
  • XRP was trading for US$2.95, up by 2.4 percent in the past 24 hours. Its highest valuation of the day was at US$3.12 and its lowest was US$2.93.
  • Sui (SUI) was trading at US$3.48, down by 3.9 percent over the past 24 hours. Its lowest valuation of the day so far was US$3.345 and its highest was US$3.84.
  • Cardano (ADA) was trading at US$0.8653, down by 3.3 percent over 24 hours. Its lowest valuation for the day was US$0.8575 and its highest was US$0.9587.

Today’s crypto news to know

Bitcoin whale selloff triggers US$80 billion market slide

Crypto markets turned sharply lower late Sunday (August 24) after a dormant whale unloaded roughly US$2.7 billion worth of Bitcoin.

Onchain data shows the entity, inactive since 2019, moved 24,000 BTC originally linked to a withdrawal from the HTX exchange. The whale rotated into Ether, amassing more than 400,000 ETH while opening leveraged longs and staking positions.

The timing coincided with a shift in sentiment following Fed Chair Jerome Powell’s Jackson Hole remarks, which were initially read as dovish but left traders questioning how soon rate cuts might arrive.

By Monday, leveraged liquidations topped US$715 million, erasing more than US$80 billion from total crypto market capitalization. CME’s FedWatch tool still prices September cuts as highly likely, but analysts warn Powell’s speech was more cautious than markets first assumed. T

The pullback ended a brief rally that had lifted Ether nearly 10 percent and XRP over 5 percent earlier in the week.

Metaplanet enters FTSE Japan index, buys more Bitcoin

Metaplanet, the Tokyo-listed hotel operator that has rebranded as a Bitcoin treasury firm, will join the FTSE Japan Index following FTSE Russell’s September 2025 review.

The upgrade moves Metaplanet from small-cap to mid-cap status, with index inclusion set after markets close on September 19.

CEO Simon Gerovich called the milestone proof of the firm’s ambition to be Japan’s top Bitcoin holding company, while also confirming a fresh purchase of 103 BTC, lifting reserves to 18,991 BTC.

The company’s stock base expanded by 4.9 million shares last week after stock acquisition rights were exercised, which provided new funds for Bitcoin buys but diluting existing investors.

Bloomberg reported last week that Eric Trump, who joined as a strategic adviser in March, is expected at Metaplanet’s shareholder meeting in Tokyo next month.

Japan’s Finance Minister Backs Crypto in Diversified Portfolios

Japan’s Finance Minister Katsunobu Kato said Monday that crypto assets can serve as part of a diversified portfolio, even as he cautioned about their volatility.

Speaking at an event in Tokyo, Kato emphasized the government’s role in fostering innovation while avoiding excessive regulation. Contextually, his remarks come as Japan faces mounting public debt exceeding 200 percent of GDP, raising the likelihood of financial repression measures.

Notably, Japan has recently updated its stablecoin regulations and approved its first yen-denominated token.

Philippine lawmaker proposes Bitcoin Reserve to address national debt

A Philippine congressman has introduced legislation to create a sovereign Bitcoin reserve designed to pay down the country’s debt.

The Strategic Bitcoin Reserve Act, filed by Rep. Miguel Luis Villafuerte, mandates the Bangko Sentral ng Pilipinas to acquire 2,000 BTC annually over five years, totaling 10,000 BTC.

The holdings would be locked for two decades, with sales permitted only to retire government debt, and capped at 10 percent of assets in any two-year span thereafter. Villafuerte likened the reserve to the US Strategic Petroleum Reserve or Canada’s maple syrup stockpile, arguing it would diversify the Philippines’ financial base.

The country’s debt reached US$285 billion, or 60 percent of its GDP, as of January.

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

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

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Gen. Michael ‘Erik’ Kurilla, the military officer who oversaw the execution of the Iran strikes in June, has retired from military service and has handed over the reins following three years leading U.S. troops in the Middle East. 

Kurilla, a graduate of the U.S. Military Academy at West Point, became commander of U.S. Central Command (CENTCOM) in 2022, and oversaw planning and execution of at least 15 major combined combat operations, according to the command.

Among those, two occurred during his final months leading the command: Operation Rough Rider targeting the Houthis in Yemen in March and April, and Operation Midnight Hammer striking Iran nuclear sites in June.

 

Operation Midnight Hammer targeted Iranian nuclear facilities Fordow, Natanz and Isfahan, and involved more than 125 U.S. aircraft, including B-2 stealth bombers, according to Chairman of the Joint Chiefs of Staff Gen. Dan Caine. Likewise, a guided-missile submarine also launched more than two dozen Tomahawk cruise missiles at key Iranian targets. 

‘General Kurilla is a bold, dynamic, and inspiring leader who strikes fear into the hearts of America’s enemies,’ Secretary of Defense Pete Hegseth said in a June statement to Fox News Digital. ‘He’s a warrior through and through who always puts his country, mission, and troops first. It has been an honor to serve alongside him in defense of our great nation.’

Kurilla spent an extensive amount of his career focusing on operations in the Middle East. From 2004 to 2014, the general oversaw conventional and special operations forces during consecutive tours that fell under the CENTCOM purview.

During that span of time, Kurilla completed tours in both Iraq and Afghanistan. Kurilla is known for his involvement in a Mosul, Iraq, firefight in August 2005, where he sustained multiple gunshot wounds. The encounter earned him a Bronze Star with valor and one of his two Purple Heart awards.

Notable figures who’ve previously led CENTCOM include former defense secretaries, retired Gen. Jim Mattis, who served during Trump’s first term, and retired Gen. Lloyd Austin, who served during former President Joe Biden’s administration.

As of early August, U.S. Navy Adm. Brad Cooper is now leading CENTCOM, one of the U.S. military’s 11 combatant commands, with 21 nations in the Middle East in its area of operations — including Iraq and Afghanistan. 

Like Kurilla, Cooper is no stranger to the Middle East. Previous assignments include serving as deputy commander of CENTCOM and overseeing U.S. Naval Forces Central Command in the Middle East, where he spearheaded efforts to employ unmanned service vessels into the fleet. 

Cooper officially took over leading CENTCOM Aug. 8 during a change of command ceremony in Tampa, Florida, where CENTCOM headquarters are located. Kurilla’s retirement ceremony occurred on the same day, a spokesperson for CENTCOM confirmed to Fox News Digital. 

‘U.S. Central Command and the entire joint force have performed exceptionally well under the leadership of Gen. Kurilla, helping to bolster partnerships, increase lethality of U.S. forces, and defend Americans and civilians abroad,’ Cooper said in a Navy statement. ‘I am deeply grateful for the opportunity to lead America’s sons and daughters as we support the important mission of enhancing regional security and stability in the Central Command region.’

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When federal agents raided the home and office of former National Security Adviser John Bolton on Friday as part of a classified documents investigation, some Democrats and liberal commentators framed the development as another example of what they claim is President Donald Trump’s political weaponization of the justice system.

The reaction marked a striking contrast with Democrats’ long history of opposing Bolton. For years, they denounced him as a hardline foreign policy hawk who manipulated intelligence and pushed the U.S. into war. But when Bolton broke with Trump, Democrats began citing him as a key witness and relying on his public comments to bolster their case against the former president.

Battles over Bolton’s Bush-era role

Democrats first sought to block Bolton’s 2005 nomination to serve as U.S. ambassador to the United Nations under President George W. Bush. Then-Sen. Joe Biden, D-Del., accused him of being untruthful in a Senate questionnaire, noting that he had been interviewed as part of a joint State Department and CIA investigation into Iraq’s pursuit of nuclear materials from Niger.

Rep. Henry Waxman, D-Calif., alleged that Bolton played a role in the disputed claim that Iraq had attempted to purchase yellowcake uranium — an accusation that appeared in Bush’s 2003 State of the Union address but could not be confirmed by U.S. intelligence agencies.

That same year, Carl W. Ford Jr., then head of intelligence at the State Department, described Bolton as a ‘serial abuser’ of power who pressured analysts to alter assessments. One analyst, Christian Westermann, reportedly resisted including claims of Cuban biological weapons in a 2002 speech Bolton wanted to deliver.

Senate Democrats delayed Bolton’s nomination for months, citing concerns that he sought to shape intelligence findings to fit administration policy goals.

Renewed opposition during the Trump administration

When Trump appointed Bolton as national security adviser in 2018, Democrats again criticized him, citing his past support for the Iraq War and his calls for a hardline approach towards Iran and North Korea.

‘Bolton is a dangerous radical,’ said Rep. Brendan Boyle, D-Pa. Sen. Ed Markey, D-Mass., accused him of politicizing intelligence in the run-up to the Iraq conflict. Sen. Jeff Merkley, D-Ore., argued Bolton had been consistently ‘wrong on security’ throughout his career.

Trump himself later grew frustrated with Bolton’s hawkish approach, including his opposition to peace talks with the Taliban and advocacy for military action in Iran. The two split in 2019, with Trump announcing Bolton’s departure on social media and Bolton insisting he had already offered to resign.

A sought-after witness during impeachment

Following Bolton’s break with Trump, Democrats began highlighting him during Trump’s first impeachment trial over Ukraine.

‘There’s no denying the central relevance of John Bolton’s testimony,’ then-Rep. Adam Schiff, D-Calif., said as House impeachment managers pressed for him to appear.

Bolton’s memoir later claimed Trump sought to withhold military aid from Ukraine, a move Bolton privately described as a ‘drug deal.’ At the time, MSNBC commentators suggested his testimony could have been decisive in the outcome of the trial.

Ultimately, Bolton declined to testify, angering some Democrats who accused him of reserving details for his book rather than presenting them under oath.

 

Role in today’s political debates

Since leaving the Trump administration, Bolton has become a regular guest on networks such as CNN and MSNBC, where he continues to weigh in on foreign policy and national security.

Although many Democrats once opposed his nomination and criticized his record, they have at times pointed to his comments when they align with their critiques of Trump and other Republicans.

The latest raid underscores how Bolton remains a polarizing figure — one Democrats long opposed but have also leaned on in moments when his testimony or commentary could be used against Trump.

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The top Republican on the Senate Judiciary Committee is again standing firm against President Donald Trump’s demand that Senate tradition be changed to ram through his district court and U.S. attorney nominees.

Senate Judiciary Chair Chuck Grassley, R-Iowa, came under fire from Trump again late Sunday night over the Senate’s ‘blue slips,’ a longstanding practice in the upper chamber that the president wants to be done away with.

A blue slip effectively gives Senate Republicans and Democrats the ability to veto district court and U.S. attorney nominees in their home states.

But Grassley argued in a response on X Monday that without blue slips, none of Trump’s nominees would pass muster in the Senate.

‘A U.S. Atty/district judge nominee without a blue slip does not [have] the votes to get confirmed on the Senate floor & they don’t [have] the votes to get out of [committee],’ Grassley said. ‘As chairman I set [President] Trump noms up for SUCCESS NOT FAILURE.’

Trump argued that it was his constitutional right to appoint judges and U.S. attorneys, but the right had been ‘completely taken away from me in States that have just one Democrat United States Senator.’

‘This is because of an old and outdated ‘custom’ known as a BLUE SLIP, that Senator Chuck Grassley, of the Great State of Iowa, refuses to overturn, even though the Democrats, including Crooked Joe Biden (Twice!), have done so on numerous occasions,’ Trump said.  

‘Therefore, the only candidates that I can get confirmed for these most important positions are, believe it or not, Democrats! Chuck Grassley should allow strong Republican candidates to ascend to these very vital and powerful roles, and tell the Democrats, as they often tell us, to go to HELL,’ he continued.

Senate Democrats have indeed used the blue slip tradition this year to block some of Trump’s picks for the bench as part of their broader log jam of his nominees.

For example, Senate Minority Leader Chuck Schumer, D-N.Y., used his blue slip privileges to nix Trump’s U.S. Attorney nominees for the Southern and Eastern Districts of New York.

And Sens. Cory Booker and Andy Kim, both Democrats from New Jersey, used the blue slip to object to Alina Habba’s nomination to U.S. Attorney in the Garden State. Habba was tapped by Trump to serve in the role on an interim basis, but after her term expired a panel of judges opted to not extend her position. 

A replacement was chosen but then fired by Attorney General Pam Bondi. Trump then withdrew his nomination for Habba and restored her interim status. 

‘Habba was withdrawn as the President’s nominee for New Jersey U.S. Atty on July 24,’ Grassley said. ‘[And] the [Judiciary Committee] never received any of the paperwork needed for the Senate to vet her nomination.’

Trump’s renewed ire comes after he singled out Grassley last month for not nixing the longstanding tradition, which is not a law, and demanded that he ‘have the courage’ to change the practice.

It also comes after Senate Republicans and Democrats failed to reach a deal on ramming through many of the president’s nominees before leaving Washington for all of August. 

Finding a pathway forward, including a likely change to the Senate’s confirmation process, is expected to be a top priority for Republicans when they return to the Hill after Labor Day. 

This post appeared first on FOX NEWS

Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce a number of positive developments at its Calico Silver Project (‘Calico’ or the ‘Calico Project’) located in San Bernardino County, California.

Highlights:

  • Appointment of Senior Project Manager: Tony Gonzales, P.Geo., with over 35 years of mineral exploration experience, including leading roles at BHP and Fission Uranium, joins as Senior Project Manager with a focus on advancing Calico.
  • Langtry Option Extension: The Company has executed an amendment to one of its Option to Purchase Agreements for the Strachan portion of the Langtry Property, extending its right to acquire up to 100% of that portion of the property by an additional nine (9) years.
  • Waterloo Permit Extension: The Company has received approval for a third extension of the Temporary Use Permit (‘TUP’) for the Waterloo Property, which allows for exploration drilling activities for the next twelve (12) months.
  • Strengthening of Technical Advisors: The Company has engaged George Kenline, PG, CHg, CEG, a California-licensed Engineering Geologist and Hydrogeologist, and Genesg, a consulting firm with global expertise specializing in permitting, stakeholder relations, sustainability, and ESG leadership, to its technical advisory team for Calico.

Appointment of Senior Project Manager

To support the advancement of Calico, Apollo is also pleased to announce the appointment of Tony Gonzales, P. Geo., as Senior Project Manager.

Tony brings more than 35 years of mineral exploration experience, including nearly two decades with mining giant BHP. He was instrumental in advancing the EKATI Diamond Mine from exploration through to production, holding senior positions such as Senior Exploration Geologist, Technical Specialist (R&D), and Superintendent of Exploration.

As Project Manager at Fission Energy, Tony oversaw advanced exploration of the J Zone uranium deposit at Waterbury Lake. He later served as Senior Project Manager for Fission Uranium, contributing to both the discovery and advancement of the award-winning Triple-R deposit. Tony was also a key member of the team that discovered F3 Uranium’s JR-Zone in Northern Saskatchewan.

Ross McElroy, President and CEO of Apollo, commented, ‘ Calico consists of a major, high confidence silver resource surrounded by one of the most prospective land packages in the region. Thanks to the success of prior work programs, we already have an exciting list of exploration targets, including high-grade silver, gold, and barite. Now, with the appointment of Tony Gonzales, we have one of the industry’s top exploration team leaders to take Calico into its next phase of growth.’

Langtry Option Extension

The Company has entered into an amendment (the ‘Amendment’) to its Option to Purchase Agreement with David K. Strachan as Trustee of the Bruce & Elizabeth Strachan Revocable Living Trust dated July 25, 2007 (‘Strachan’). Under the original agreement, the Company was required to make a payment equal to the greater of US$5.2 million or the spot price of 220,000 troy ounces of silver, less any option payments made to date, by December 24, 2025, in order to acquire 100% interest in 20 patented and 2 unpatented mineral claims (the ‘Strachan Property’) within the Langtry Property, part of the Company’s larger Calico Project. The Langtry deposit, the majority of which is located on the Strachan Property, has a 2022 inferred Mineral Resource Estimate of 19.3 M tonnes at a grade of 81 g/t Ag for a total of 50 M oz of Ag using a 50 g/t silver cut-off (see news release dated February 9, 2022).

The Amendment extends the option period expiry date from December 24, 2025 to December 24, 2034; increases the purchase price to the greater of US$7.0 million or the spot price of 250,000 troy ounces of silver (the ‘Amended Purchase Price’), less any option payments made to date; and provides for annual option maintenance payments to be made over the duration of the eight-year extension totaling US$3.9 million, all of which can be credited against the Amended Purchase Price upon exercise.

To date, the Company has made a total of US$500,000 in option maintenance payments, which can be credited against the Amended Purchase Price upon exercise.

Waterloo Permit Extension

The Company has received approval from the San Bernardino County Land Use Services Department for its third extension of its TUP, allowing the Company to conduct exploration drilling at Waterloo for the next twelve (12) months

Technical Advisory Additions

The Company has entered into an Advisory Agreement with George Kenline to act as an independent technical advisor to the Company. Mr. Kenline is a California licensed Engineering Geologist and Hydrogeologist with extensive experience in environmental review processes. In particular, he has deep expertise in the permitting of mineral resource extraction, water supply development, reclamation, and habitat restoration in the County of San Bernardino, California. For over 15 years, he led as the Mining Engineering Geologist/Environmental Compliance Manager for the San Bernardino County’s Land Use Services Department Mining Section as the County’s Mining/Engineering Geologist.

Additionally, Apollo has also strengthened its project development team by engaging Genesg, a consulting firm with global expertise in permitting, stakeholder engagement, sustainability, and ESG Leadership, to support the Company as it advances Calico towards project development.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not an independent of the Company.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com
Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation he expected benefits of the Strachan Option Extension; the timing, scope, and success of planned exploration activities, including at the Waterloo Project; the potential for silver, gold, and barite mineralization; the contributions of newly appointed personnel and advisors to the advancement of Calico; and the Company’s ability to advance, develop, and permit the Calico Project. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws .

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Jeffrey Epstein did not have the same level of impact in the Senate as the House, but the discourse pushed by many congressional Democrats, and some Republicans, is unlikely to go away when lawmakers return next week.

And the level of Epstein hysteria in Congress may have had an unlikely impact in derailing Republicans’ push in the upper chamber to ram through President Donald Trump’s nominees.

Senate Republicans tried and failed to strike a deal with Senate Democrats to push through dozens of non-controversial nominees, particularly picks that made it through committee with bipartisan support.

Only Secretary of State Marco Rubio, who glided through the Senate unanimously earlier this year, has not been met by Democrats’ blockade.

Rules changes are in the works, but the avenue of using recess appointments, which requires the Senate to adjourn and the House to come into session for the president to elevate his picks on a temporary basis, was all but shot down after House Speaker Mike Johnson, R-La., sent lawmakers home early to sidestep the simmering push to release documents related to Epstein’s case.

‘When the House had an opportunity to take votes on the Epstein files, Speaker Johnson skedaddled out of town, launching the Epstein recess,’ Senate Minority Leader Chuck Schumer, D-N.Y., said last month. ‘This is not complicated.’  

‘After promising full transparency for years, every single time Trump, his administration, Republican leaders have had a chance to be transparent about the Epstein files, they’ve chosen to hide. The evasions, the delays, the excuses, they’re not just odd, they’re alarming.’

Many Republicans in the upper chamber agree that there should be more transparency, but caution that no materials should be released until the names or identifying traits of victims are combed through and kept safe.

Others question why Democrats suddenly care about the Epstein situation.

Sen. Roger Marshall, who supported turning to recess appointments to break Democrats’ log jam, told Fox News Digital that it didn’t ‘make sense to me, and this is part of their psychosis, that they are so separated from reality,’ to keep pushing the Epstein issue.

‘They had four years to do something with this, and it was just quite the opposite,’ the Kansas Republican said. ‘As I recall, just quite the opposite. It was almost like they were hiding something.’

‘My frustration is how they used it to circumvent the agenda of the American people… this is all they’ve got,’ he continued. ‘What else do they have? They don’t have a leader, they don’t have an agenda. They don’t have solutions. All they know is, if it’s President Trump, they’re not going to like it, very matter of fact, they’re going to hate it at the sacrifice of the entire country.’

Meanwhile, Epstein engulfed Washington once again on Friday, with the House Oversight Committee receiving a trove of related documents and the interview between Epstein accomplice Ghislaine Maxwell and Deputy Attorney General Todd Blanche becoming public.

When asked about the files eventually coming to light, Trump told reporters that he was in support of keeping them ‘totally open,’ and charged that Democrats were using Epstein as a smokescreen to detract from his administration’s work.

‘The whole Epstein thing is a Democrat hoax,’ he said. ‘We had the greatest six months, seven months in the history of the presidency, and the Democrats don’t know what to do, so they keep bringing up that stuff.’

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France has summoned American ambassador Charles Kushner to Paris, after the diplomat accused the country of not doing enough to combat antisemitism in a letter to French President Emmanuel Macron.

France’s foreign ministry said in a statement issued Sunday that Kushner’s allegations ‘are unacceptable,’ and announced it had summoned the U.S. diplomat to appear Monday at the French Ministry for Europe and Foreign Affairs.

Kushner, who is Jewish, wrote in the letter that antisemitic incidents in France have been fueled by French government statements about recognizing a Palestinian state.

‘Public statements haranguing Israel and gestures toward recognition of a Palestinian state embolden extremists, fuel violence, and endanger Jewish life in France. In today’s world, anti-Zionism is antisemitism – plain and simple,’ Kushner wrote.

Kushner further urged Macron ‘to act decisively: enforce hate-crime laws without exception, ensure the safety of Jewish schools, synagogues and businesses … and abandon steps that give legitimacy to Hamas and its allies.’

The French foreign ministry said in its statement that ‘France firmly rejects these allegations’ from Kushner, adding that French authorities have ‘fully mobilized’ to combat a rise in antisemitic acts since Hamas launched a deadly attack on Israel on Oct. 7, 2023. The ministry further deemed antisemitic acts ‘intolerable.’

The ministry said Kushner’s allegations violate international law and the obligation not to interfere with the internal affairs of another country, adding that they ‘also fall short of the quality of the transatlantic partnership between France and the United States and of the trust that must prevail between allies.’

The U.S. State Department, however, said it backed Kushner and his comments, department spokesperson Tommy Pigott said Sunday evening.

‘Ambassador Kushner is our U.S. government representative in France and is doing a great job advancing our national interests in that role,’ Pigott said.

Macron has been critical of Israeli Prime Minister Benjamin Netanyahu as the war in Gaza continues, while President Donald Trump has been a staunch supporter of the Israeli leader.

Kushner, a real estate developer, is the father of Jared Kushner, who is married to Trump’s daughter Ivanka Trump.

At the end of his first presidential term, Trump pardoned Charles Kushner, who pleaded guilty years earlier to tax evasion and making illegal campaign donations.

The Associated Press contributed to this report.

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The Trump administration said Friday that it had taken a 10% stake in Intel, the president’s latest extraordinary move to exert federal government control over private business.

The United States will not seek direct representation on Intel’s board and pledged to vote with the current Board of Directors on matters requiring shareholder approval, ‘with limited exceptions,’ according to a joint release from the Trump administration and Intel. The move also comes as the United States vies with China in the race to dominate the artificial intelligence industry.

President Donald Trump announced the deal on his Truth Social platform Friday, praising the company’s CEO just two weeks after he called on the executive to resign over alleged China ties.

‘It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future,’ he wrote. ‘I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation.’

While the U.S. held temporary stakes in firms at the center of the 2008-2009 global financial meltdown as part of a bailout, this move is unusual since the economy is not embroiled in a crisis. Congress published a study in 2003 that examined the impact of the federal government taking direct stakes in public companies, concluding that doing so would “not offer a free lunch” and expose taxpayers to “greater risk” alongside the upside potential.

The stake will be paid for through $5.7 billion in grants previously awarded to Intel under the 2022 U.S. CHIPS and Science Act, plus $3.2 billion awarded to the company as part of a program called Secure Enclave. It’s a formerly classified initiative that Congress appropriated funds for in 2024 after lobbying by Intel, Politico reported in 2024.

Including $2.2 billion in CHIPs grants Intel has received so far, the total investment is $11.1 billion, or 9.9%. Intel is valued at about $108 billion on the stock market.

Trump continues to bulldoze through long-held norms regarding government and business, departing from the free-market ethos that has long prevailed in both major U.S. political parties.

This month, Trump persuaded the chipmakers Nvidia and AMD to pay the U.S. government 15% of their revenues from some sales to China in return for securing export licenses there.

While those firms have seen their fortunes rise amid the larger artificial intelligence boom, a windfall from any of them is no sure thing. In the case of California-based Intel, the company has struggled to keep up with rivals in recent years, with its shares down some 60% from the highs seen during the pandemic.

But amid the ongoing artificial intelligence arms race — and the goal of making computer chips a national security priority — Trump officials zeroed in on Intel as a means of leveling up U.S. control over semiconductor production.

Earlier this week, Japan’s SoftBank also announced it would invest $2 billion in Intel to “deepen their commitment to investing in advanced technology and semiconductor innovation in the United States.’

Some Democrats signaled they were on board with the move.

‘U.S. leadership is critical for both our economy and national security,’ U.S. Senator Mark Warner, D-Virginia, said in a statement Friday evening.

‘Taking an equity stake in Intel may or may not be the right approach, but one thing is clear: allowing cutting-edge chips to flow to China without restraint will erode the value of any investment we make here at home. We need a strategy that protects American innovation, strengthens our workforce, and keeps the technologies of the future firmly in American hands.’

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Highlights:

  • All conditions in relation to the $20 million placement to Clean Elements Fund have been satisfied.
  • Due diligence undertaken by Clean Elements Fund validates the standing of Hombre Muerto West ( HMW ) as a world class lithium project, offering exceptional scale and grade.
  • Galan is now fully funded to complete the construction of Phase 1 at HMW (at 4ktpa LCE) with first production of lithium chloride concentrate planned during H1 2026.

Galan Lithium Limited (ASX: GLN,OTC:GLNLF) ( Galan or the Company ) is pleased to announce that all conditions relating to the $20 million share placement ( Placement ) to the Clean Elements Fund ( Clean Elements ) have now been completed.

The Placement, which was undertaken at a significant premium to the prevailing share price when originally announced, was subject to certain conditions including shareholder approvals (received at a General Meeting held on Friday, 22 August 2025 ) as well as the satisfactory completion by Clean Elements of technical and legal due diligence in respect of the Company and HMW in Argentina.

Clean Elements has advised that all conditions to the Placement have been satisfied. As such, the Placement will now proceed to settlement, providing Galan with the funding required for the finalisation of the HMW Phase 1 construction over the remainder of the 2025 calendar year, with first production of lithium chloride concentrate scheduled for H1 2026.

Settlement will take place in two equal tranches of $10 million .  Tranche 1 settlement will occur within the next 5 business days and Tranche 2 of the Placement will settle no later than 22 November 2025 , in line with the timing set out in the relevant shareholder approval.

Managing Director, Juan Pablo Vargas de la Vega , commented: ‘With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026.

The due diligence undertaken by Clean Elements Fund has confirmed, what we at Galan already know – HMW is an exceptional lithium project, combining substantial scale and grade with execution capability that places it among the best globally.

The team at Galan remains focussed on advancing project delivery at HMW and we look forward to creating significant long-term value for shareholders as we progress towards production.’

Clean Element’s Chairman, Ofer Amir , commented: We are thrilled to confirm a binding and unconditional commitment to complete both tranches of the placement—an outcome that underscores strong confidence in Galan’s strategic direction.

Our specialist lithium brine adviser highlighted that HMW is the premier lithium brine resource globally. HMW’s brine is the highest grade in Argentina with the lowest impurity profile. It also contains significantly less magnesium and calcium than the levels found in the Salar de Atacama in Chile which, when combined with HMW’s high lithium grades, gives rise to the highest lithium recoveries in the lithium brine sector to date.

This exceptional resource quality enables a low-cost, evaporation process—positioning Galan to become a high-margin, globally competitive lithium producer. In our view, Galan will not just be participating in the lithium market; it will be setting a new benchmark.’

The Galan Board has authorised this release.

For further information contact:

COMPANY

MEDIA

Juan Pablo (‘JP’) Vargas de la Vega

Matt Worner

Managing Director

Vector Advisors

jp@galanlithium.com.au

mworner@vectoradvisors.au

+ 61 8 9214 2150

+61 429 522 924

Cision View original content: https://www.prnewswire.com/news-releases/galan-lithium-limited-successful-due-diligence-completed—20m-placement-to-proceed-302537458.html

SOURCE Galan Lithium Limited

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President Donald Trump on Sunday blasted the Senate’s ‘blue slip’ tradition, calling it an unconstitutional affront to his appointment power and alleging that his rights have ‘been completely taken away from me in States that have just one Democrat United States Senator.’

The president is referring to his ability to nominate judges and U.S. Attorneys, accusing the custom of essentially giving Democrats veto power over his nominees.

U.S. Sen. Chuck Grassley is defending the century-old process, saying he views it as a norm worth preserving for balance and state input.

Blue slips are a long-standing tradition but are not a codified law, and constitutionally he is only allowed the power to nominate while the Senate ultimately approves or rejects that nomination.

Trump’s frustration with the Senate’s blue slip practice isn’t new. In July, Trump called the tradition a ‘hoax’ and a ‘scam’ used by Democrats to block his nominees and demanded that Grassley stop supporting them.

‘Put simply, the president of the United States will never be permitted to appoint the person of his choice because of an ancient, and probably unconstitutional, ‘CUSTOM,’’ his post said.

In his first term, Trump was able to appoint 234 federal judges, including three Supreme Court justices and 54 appellate court judges. However, this term he has only confirmed five in the first seven months.

Trump went on in his post to suggest he was willing to apply pressure and that Grassley shouldn’t acquiesce. 

‘The only candidates that I can get confirmed for these most important positions are, believe it or not, Democrats! Chuck Grassley should allow strong Republican candidates to ascend to these very vital and powerful roles, and tell the Democrats, as they often tell us, to go to HELL!’ he wrote.

Trump’s comments come after U.S. District Judge Matthew Brann recently ruled that Alina Habba had been unlawfully serving as acting U.S. attorney for New Jersey beyond the 120-day limit allowed for temporary prosecutors and that the administration had been using an unusual maneuver to keep her in the role.

Trump’s pressure campaign could shape how many judicial vacancies he can realistically fill in the months ahead.

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