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Juggernaut Further Increases Oversubscribed Financing to $9,557,000 due to Tremendous Strong Demand from Institutions and Accredited Investors

(TheNewswire)

Juggernaut Exploration Ltd.

DR. QUINTON HENNIGH TECHNICAL ADVISOR

Vancouver, British Columbia TheNewswire – April 25 th, 2025 Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the ‘Company’ or ‘Juggernaut’), further to its April 14 th and April 23 rd 2025, news releases, the Company is pleased to announce a further increase in its non-brokered financing of up to $9,557,000. Juggernaut welcomes this strategic investment from Crescat Capital Funds LLC (‘Crescat’) and technical support from Dr Quinton Hennigh. Juggernaut’s Big One Project is garnering strong interest and support from leading institutions and miners globally, confirming the quality of the newly discovered 11 km Highway of Gold surrounding the Eldorado porphyry system on the Big One property. The exciting discovery is in an area of glacial and snowpack abatement next door to the gold-rich porphyry systems at Newmont Mining’s Galore Creek. The Big One Property is a discovery previously announced Jan 20 th (Click Link) with assays up to 79.01 gt gold (2.54 ozt gold) and 3157.89 gt silver (101.5 ozt silver) from over 200 gold-silver-copper rich polymetallic veins up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers 33,693 hectares in a world-class geologic terrane with tremendous additional discovery potential in the heart of the Golden Triangle, British Columbia.

Dr. Quinton Hennigh has taken on the role of special technical advisor to the Company. He is the technical consultant for all Crescat’s gold and silver mining investments. Dr. Hennigh is a world-renowned exploration geologist with over 40 years of experience with major gold mining firms, Homestake Mining, Newcrest Mining, Newmont Mining, and Kirkland Lake/Fosterville. In just the last five years, Dr. Hennigh was instrumental in several material discoveries, including Goliath / Surebet, Newfound / Queensway, SCM / Isidorito, Eloro / Iska Iska, Snowline / Valley, Sitka / RC Gold Project, and Tectonic / Flat.

Dr. Hennigh stated , ‘The Big One gold-silver project has a very similar feel to Goliath’s Surebet gold discovery. To date, reconnaissance prospecting and sampling conducted by Juggernaut’s exploration team have identified a multitude of multi-meter thick quartz-sulfide veins, many of which have yielded +oz per tonne Au and multi-oz per tonne Ag assays. Early indications suggest there is a genetic association of veins with late-stage magmatism in the area, an association seen at Surebet. This season, Juggernaut has a clear mandate to follow up on these results with detailed mapping and channel sampling, much like Goliath did during the early days of the Surebet discovery. The Company’s mission is to get as many targets as possible ready for drill testing either late season or for 2026. I am very eager to see if a new ‘Surebet’ type discovery is in hand.

View Juggernaut videos by Clicking Here .

The charity flow-through funding will now consist of up to 9,160,000 charity flow-through units (‘CFT Units’), priced at $0.825 each, for gross proceeds of up to $7,557,000. Each CFT Unit will consist of one charity flow-through common share plus one warrant to purchase one non-flow-through common share at $0.75 for a sixty-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management’s discretion.

Juggernaut is concurrently raising up to 4,000,000 hard dollar units priced at $0.50 each for gross proceeds of up to $2,000,000. Each hard dollar unit will consist of one common share plus one warrant at $0.75 for a sixty-month period with a forced accelerated conversion after 10 consecutive trading days at or above $1.50, callable at management’s discretion, upon completion of the charity flow-through and hard dollar financings for a combined total of $9,557,000, which is projected to close on or before May 15, 2025. The proceeds will be used to explore Juggernaut’s properties located in Northwestern B.C. and for general working capital.

‘Gold exploration is all about swinging for the fence. Persevering with a diversified portfolio of great management and technical teams with bold targets is the key. The cool thing about Juggernaut is that it has the same geologic team as the one behind Goliath Resources, where their Surebet gold discovery has already been a home run, based on personal experience. We are happy to invest in Juggernaut and this team. It’s time for Big One, which may be the best target yet for this company and team. We are eager to support them with capital for another at-bat.’ – Kevin Smith, CFA, Founder & CEO of Crescat Capital .

Directors and officers of the company may acquire securities under the placement, which participation would be a ‘related party transaction’ as defined under Multilateral Instrument 61-101 (‘MI 61-101’). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:

‘We are pleased to strengthen our relationship, both with Crescat Capital as a strategic investor and Dr. Hennigh as a Special Technical Advisor and investor. I look forward to working with our partners who bring a proven track record of both financial and technical strength. This will enable Juggernaut to unlock the full potential of its assets over the long term, building value for all shareholders. This investment and strategic partnership, coupled with the ongoing support and interest from other globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates the significant near-term discovery potential of our 100% controlled properties. Post financing, Juggernaut will have an extremely tight capital structure of just 30,025,297 shares, no debt, and a strong cash position of ~ $9,600,000. As such, we are well-positioned to move forward with our plans of drilling The Big One Discovery. With much anticipation, we look forward to executing the inaugural exploration program and reporting results.’

The Company may pay finder’s fees of the gross proceeds from the financing in cash, and compensation options on units being sold. This non-brokered private placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.

About Crescat Capital LLC

Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat’s goal is industry-leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Over the last several years, Crescat has been building activist stakes in a portfolio of precious metals explorers to express one of its primary macro themes. The company’s investment process involves a mix of asset classes and strategies to assist with each client’s unique needs and objectives, and includes Global Macro, Long/Short, Large Cap, and Precious Metals funds.

About Juggernaut Exploration Ltd.

Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM, an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat Capital.

For more information, please contact

Juggernaut Exploration Ltd.

Dan Stuart

President, Director, and Chief Executive Officer

604-559-8028

info@juggernautexploration.com

www.juggernautexploration.com

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

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.

FORWARD LOOKING STATEMENT

Certain disclosures in this release may constitute forward-looking statements that are subject to numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to differ materially from those expressed or implied by those forward-looking statements, including its ability to complete the contemplated private placement. Readers are cautioned not to place undue reliance on these statements.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com
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Trump says he wasn’t ‘trolling’ about acquiring Greenland, Canada as 51st state

President Donald Trump isn’t ‘trolling’ when it comes to efforts to acquire Greenland and make Canada the 51st state. 

Trump has discussed acquiring Greenland, Canada and Panama for months — and regularly has referred to Canada as the 51st U.S. state. Despite skepticism from some, Trump said in an interview with TIME magazine published Friday that he’s serious about these proposals. 

When asked by TIME’s Eric Cortellessa whether Trump was ‘trolling a bit’ suggesting Canada join the U.S., Trump replied, ‘Actually, no, I’m not.’

 

Cortellessa then asked if Trump intended to ‘grow the American empire,’ prompting Trump to double down on the significance of acquiring these key pieces of territory. 

‘Well, it depends as an empire, it wasn’t, these are not things that we had before, so I’d view it a little bit differently if we had the right opportunity,’ Trump said. ‘Yeah, I think Greenland would be very well off if they I think it’s important for us for national security and even international security.’

Trump also claimed the U.S. is ‘losing’ money supporting Canada, and the only solution on the table is for it to become a state. 

‘We’re taking care of their military,’ Trump said. ‘We’re taking care of every aspect of their lives, and we don’t need them to make cars for us. In fact, we don’t want them to make cars for us. We want to make our own cars. We don’t need their lumber. We don’t need their energy. We don’t need anything from Canada. And I say the only way this thing really works is for Canada to become a state.’

The TIME piece was published a day after Canadian Prime Minister Mark Carney told reporters that Trump routinely discusses Canada becoming a state, claiming that Trump brings it up ‘all the time.’ Carney has previously shut down any notions that Canada will become a U.S. state. 

Meanwhile, Trump has emphasized that Greenland is key for national security purposes. While the Danish territory has said it is seeking independence from Copenhagen and isn’t inclined to join the U.S., Trump has voiced a strong desire to secure Greenland amid increase Russian and Chinese presence in the Arctic.

‘If you look at Greenland right now, if you look at the waterways, you have Chinese and Russian ships all over the place, and we’re not going to be able to do that,’ Trump told reporters in March. ‘We’re not relying on Denmark or anybody to take care of that situation. And we’re not talking about peace for the United States, we’re talking about world peace, we’re talking about international security.’

This post appeared first on FOX NEWS
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Female magician who was kicked out of a men-only society is finally admitted, 34 years later

The Magic Circle has readmitted a female magician expelled for tricking her way into the previously all-male institution by disguising herself as a man.

“We’re proud to welcome back magician Sophie Lloyd to The Magic Circle,” said the London-based magic society in an Instagram post Thursday.

“Over 30 years ago, Sophie took extraordinary steps to pursue her passion — disguising herself as ‘Raymond Lloyd’ to join our then all-male society,” reads the post.

“Though she passed her exam and earned her place, she was expelled when her true identity was revealed – on the very day we finally voted to admit women. Today, we right that wrong,” it adds.

The Magic Circle’s purpose is to “promote and advance the art of magic,” according to its website.

Magicians have to prove their skill to be admitted, and must promise to abide by the society’s Latin motto, “Indocilis private loqui” (“not apt to disclose secrets”).

Founded in 1905, the magic society didn’t admit women in the late 1980s when Lloyd, an actress, was persuaded by her friend, a magician called Jenny Winstanley, to apply for membership.

Winstanley didn’t think she would get away with playing the role of a man, so she enlisted Lloyd’s help.

The women trained for 18 months in magic as well as how to act, dress and sound like a man.

Lloyd passed the entrance exam, which required her to perform tricks in front of members of the society, and started as an apprentice before becoming a full member in March 1991.

A campaign to admit women into the all-male society was successful in October that year, and it was after this vote that Lloyd revealed her true self – only to be kicked out.

In November 2024, the Magic Circle’s chairwoman, Laura London, launched a campaign to track Lloyd down. She had found it “difficult to find her,” adding that the “orchestrated deception” was “so brilliantly put together, almost like a heist.

More than three decades later, Lloyd said she is “beyond thrilled” to be welcomed back.

Speaking on the Today program on BBC Radio 4 on Thursday, Lloyd recounted how she wore a bodysuit, gloves and plastic cheek plumpers to disguise her true identity.

“I did a 20-minute show in front of 200 people, three examiners, and spoke to an examiner for an hour and three quarters afterwards,” she said.

Despite being expelled after admitting her deception, Lloyd said it was “emotional” to be readmitted, given that Winstanley, who was the brains behind her character Raymond, had died in 2004.

“I think Jenny would have loved it,” she said.

The society now has more than 80 female members, according to its website. This makes up about 5% of its cohort of more than 1,700 members.

Among the most famous members are magician Dynamo, actor Stephen Fry and even King Charles III, who joined when he was still a prince in 1975, after performing a cups and balls trick, according to the Magic Circle.

This post appeared first on cnn.com
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Investing

Brunswick Continues to Intersect Lithium Mineralization on Globex’s Lac Escale Royalty Property

GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF OTCQX International in the US) is pleased to report that Brunswick Exploration Inc. (BRW-TSXV, BRWXF-OTCQB) in a press release today, announced additional wide intersections of lithium mineralization on Globex’s Lac Escale royalty claims, a part of Brunswick’s Mirage property.

Intersections include 36 meters grading 1.51% Li 2 O in Hole MR-24-102 and 1.32% Li 2 O over 28 metres in Hole MR-24-101. A total of 24 drill holes were completed in the winter drill program. Please access Brunswick’s press release of today’s date for further details.

Globex retains a 3% Gross Metal Royalty on the Lac Escale claims .

Central Zone of the Mirage Project – Brunswick Exploration

Central Zone of the Mirage Project – Brunswick Exploration

This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

We Seek Safe Harbour. Foreign Private Issuer 12g3 – 2(b)
CUSIP Number 379900 50 9
LEI 529900XYUKGG3LF9PY95
For further information, contact:
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Globex Mining Enterprises Inc.
86, 14 th Street
Rouyn-Noranda, Quebec Canada J9X 2J1 		Tel.: 819.797.5242
Fax: 819.797.1470
info@globexmining.com
www.globexmining.com

Forward-Looking Statements: Except for historical information, this news release may contain certain ‘forward-looking statements’.  These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. (‘Globex’).  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom.  A more detailed discussion of the risks is available in the ‘Annual Information Form’ filed by Globex on SEDARplus.ca

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/11965f38-444e-49a4-bb84-97e881cb1dec

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News Provided by GlobeNewswire via QuoteMedia

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CoTec Holdings Corp. To Commence Expansion Drilling Program And Secure A Salter Techology Bulk Sample At The Lac Jeannine Property

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to announce it has appointed ‘403 Drilling Limited’ to complete its 2025 drilling program to support the expansion of the previously announced PEA mineral resource estimate (the ‘MRE’) at the Lac Jeannine Property in Québec (the ‘Project’). As part of this program, the company will also secure bulk material for further testing of the potential incorporation of the Multi-Gravity Separators Salter technology (‘MGS’) into the Project’s recovery circuiti.

The program will consist of 12 to 13 holes, totaling approximately 680 meters of sonic core samples. Four of the holes will be allocated to infill drilling in relation to the 2023 program with the remaining holes being step-out drilling to cover the adjacent tailings not included in the 2023 program. Sample material from this drilling program, together with material collected in the 2023 sampling program, will further validate our MGS results which we believe could lead to the technology being incorporated into the current recovery circuit for additional recovery of iron from ultra fines.

In August 2024ii, CoTec filed an independent National Instrument 43-101 technical report in relation to the Project indicating a pre-tax NPV7% of US$93.6 million, and an IRR of 38%, and an after tax NPV7% of US$59.5 million based on approximately 73 million tonnes (Mt) at 6.7% total Fe for 4.9 Mt of contained total Fe. The Project’s current business case is based on a 66.8% FeT concentrate produced from approximately half the historic estimated volume of tailings, excluding an MGS circuit. If results are in line with previous tests, we believe this program will enable the inclusion of the additional tailings adding further upside to the project and support its progress to the feasibility study stage.

In November 2024 the company received the approval of the Québec Ministère des Ressources naturelles et des Forêts (the ‘MNRF’) for its closure plan in connection with the Company’s targeted 2025 exploration drilling campaign.

In parallel, the Company is continuing its advanced discussions with various stakeholders, including the Government of Québec, First Nations and other interested parties, to secure support for the exploration, construction and operation of the Project.

Julian Treger, CoTec CEO commented; ‘This sampling program will not only target adding tonnes to the current 73Mt of resource, but also has the potential to increase production through the incorporation of the MGS technology into the current flowsheet, which could allow the recovery of iron from ultra-fine material’.

‘We believe the Project is very promising and can demonstrate how historic mine sites can be rehabilitated in accordance with best practices while creating jobs and economic opportunities for local and Indigenous communities.’

Qualified Person

The Independent Qualified Person as defined by NI 43-101 for the Lac Jeannine Mineral Resource, Mr. Christian Beaulieu, P.Geo., is a member of l’Ordre des géologues du Québec (#1072). The Qualified Person has reviewed and approved the scientific and technical content of this news release relating to the Lac Jeannine Mineral Resource.

About CoTec

CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange (‘TSX-V’) and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec Holdings Corp. is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

Please visit www.cotec.ca.

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this news release regarding the Company and its investments which are not historical facts are ‘forward-looking statements’ which involve risks and uncertainties, including statements relating to the PEA and the intended 2025 drilling program and the expected results thereof, transition to a lower carbon future and the Company’s participation therein and contribution thereto, as well as management’s expectations with respect to the Lac Jeannine investment and other current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to known and unknown risks and uncertainties affecting the Company, including, but not limited to: resource and reserve risks; environmental risks and costs; labor costs and shortages; uncertain supply and price fluctuations in materials; increases in energy costs; labor disputes and work stoppages; leasing costs and the availability of equipment; heavy equipment demand and availability; contractor and subcontractor performance issues; worksite safety issues; project delays and cost overruns; extreme weather conditions; and social and transport disruptions. For further details regarding risks and uncertainties facing the Company, please refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR+ profile at www.sedarplus.com. The Company assumes no responsibility to update forward-looking statements in this news release except as required by law. Readers should not place undue reliance on the forward-looking statements and information contained in this news release and are encouraged to read the Company’s continuous disclosure documents which are available on SEDAR+ at www.sedarplus.com.

Neither 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 news release

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

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Crypto Market Recap: Swiss Central Bank Dismisses Bitcoin as Reserve Asset

Here’s a quick recap of the crypto landscape for Wednesday (April 23) 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$93,529.14 as markets closed for the day, up 2.2 percent in 24 hours. The day’s range has seen a low of US$92,078.75 and a high of US$94,122.31.

Bitcoin performance, April 23, 2025.

Chart via TradingView.

Fueledby the re-entry of institutional investment, the crypto markets appear to be headed towards a robust recovery; however, the long-term trajectory remains to be seen.

Ethereum (ETH) ended the day at US$1,785.14, a 5.2 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,767.67 and a high of US$1,815.24.

Altcoin price update

  • Solana (SOL) ended the day valued at US$150.05, up four percent over 24 hours. SOL experienced a low of US$149.31 and peaked at $153.47.
  • XRP traded at US$2.22, reflecting a three percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.20 and reached its highest point at US$2.29.
  • Sui (SUI) was priced at US$2.98, showing an increaseof 21 percent over the past 24 hours. It achieved a daily low of US$2.89 and a high of US$3.06.
  • Cardano (ADA) was trading at US$0.6981, up 6.3 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6873, with a high of US$0.7138.

Today’s crypto news to know

Riot Platforms secures US$100 million credit facility backed by Bitcoin

Riot Platforms (NASDAQ:RIOT) secured a US$100 million credit facility from Coinbase (NASDAQ:COIN) on Wednesday (April 23), using a massive Bitcoin stockpile as collateral.

Data from Bitcoin Treasuries indicates that Riot holds 19,223 BTC valued at approximately US$1.8 billion, making the company the third-largest corporate Bitcoin treasury behind Michael Saylor’s Strategy and MARA Holdings.

“Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,” said Jason Les, CEO of Riot, in a press release. “This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation.”

Brandon Lutnick forms new Bitcoin investment vehicle

Brandon Lutnick, son of US Commerce Secretary and former Cantor Fitzgerald Chairman Howard Lutnick, will launch a listed Bitcoin investment vehicle through a reverse merger with Cantor Equity Partners, a special purpose acquisition company (SPAC). This is according to a Tuesday (April 22) report by the Financial Times (FT).

The newly-established entity, purportedly named Twenty One Capital, will be led by co-founder Jack Mallers, the CEO of Bitcoin-focused payments app Strike, and majority owned by Tether (USDT) and cryptocurrency exchange Bitfinex. SoftBank (TSE:9984, OTCPINK:SOBKY) will also own a ‘significant minority’ stake. Sources for FT say Tether will contribute at least US$1.5 billion worth of Bitcoin.

The company will also raise US$385 million through a convertible bond and US$200 million via a private equity placement, which will be used to acquire more Bitcoin. Eventually, SoftBank, Tether and Bitfinex’s investments will be converted from Bitcoin into shares in Twenty One Capital, with a price of US$13 per share for the private placement and US$10 per share for the convertible bond.

According to the report, Twenty One Capital will launch with 42,000 BTC, making it the world’s third-largest Bitcoin reserve. “With a visionary leader at the helm and backing from two renowned industry leaders, Twenty One is designed to help investors capture value from Bitcoin’s growing global demand and increasing institutional adoption,” Lutnick said in a press release on Wednesday. The deal values the new company at US$3.6 billion based on an approximate US$85,000 Bitcoin valuation. As of writing, Bitcoin is valued at US$93,808.31.

Trump to Host Exclusive Dinner for $TRUMP Token Holders

Lauded as “the most exclusive invitation in the world”, US President Donald Trump will host a dinner for the top 220 holders of his $TRUMP token in Washington, D.C. on May 22. News of the event, which was announced on the memecoin’s official website, sent $TRUMP’s valuation up by over 55 percent in under an hour. $TRUMP reached US$14.44 at around midday on April 23, its highest valuation since mid-February. As of writing, $TRUMP is valued at US$13.46.

Top token holders are required to link their wallets for holding verification. The top 25 holders will gather for a private reception with the President before dinner.

Around 40 million $TRUMP tokens, or roughly 20 percent of the tokens’ circulating supply, were unlocked on April 17, valued slightly above US$300 million at the time. $TRUMP reached an all-time high of US$75.35 on January 19, according to data from CoinMarket Cap. This was followed by an abrupt reversal and steady decline in Q1 to valuations between US$9 – US$7 in April.

Bitcoin ETFs see US$936 million in daily inflows

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their strongest day of inflows since January, pulling in a combined US$936 million on Tuesday (April 22) across 10 issuers.

Leading the charge were Ark & 21Shares with US$267.1 million, Fidelity’s FBTC with US$253.8 million and BlackRock’s IBIT, which added US$193.5 million.

Over the past three days, total net inflows into Bitcoin ETFs have surpassed $1.4 billion, signaling renewed institutional confidence in crypto markets. Analysts attribute the momentum to persistent inflation, a weakening US dollar and growing fears over geopolitical instability, prompting investors to turn to Bitcoin as a hedge.

While still volatile, Bitcoin is increasingly being framed as “digital gold,” with ETF flows suggesting it’s becoming a staple in diversified portfolios. This week’s influx also reflects optimism that regulatory conditions are maturing, particularly in the US, where ETFs are rapidly gaining legitimacy among mainstream investors.

Bitcoin becomes fifth largest global asset, overtakes Google

Bitcoin has climbed to a market capitalization of US$1.86 trillion, overtaking Alphabet (NASDAQ:GOOGL) to become the world’s fifth-largest asset by market value. The price of Bitcoin surged past US$94,000, helped by easing trade tensions between the US and China and renewed bullish sentiment across tech and risk-on assets.

This marks a symbolic milestone for the cryptocurrency, which has now outpaced several of the world’s most valuable tech giants. Analysts point to Bitcoin’s increasing correlation with macroeconomic tailwinds — such as falling bond yields and speculative interest in risk assets — as drivers of the recent price action.

Its breakout relative to the Nasdaq also suggests growing investor confidence in crypto as a parallel to tech. If Bitcoin maintains this trajectory, some believe it could soon challenge silver’s position as the fourth-largest global asset.

Trump backs crypto regulation, Trump Media eyes retail crypto products

During a public appearance, US President Donald Trump called for regulatory certainty in the crypto industry and vowed to provide ‘clear rules of the road’ for digital asset innovation.

His statement coincided with Trump Media & Technology Group’s announcement that it will partner with Crypto.com and Yorkville America Digital to launch retail investment products, including crypto-focused ETFs aligned with Trump’s “America First” platform. The planned offerings aim to capitalize on the president’s growing presence in the digital asset space following prior ventures like Trump NFTs and crypto-affiliated partnerships.

While no official ETF filings have been submitted yet, the initiative signals Trump’s commitment to making crypto a policy priority as part of his economic strategy.

Tesla reports US$951 million in Bitcoin holdings despite earnings miss

Tesla (NASDAQ:TSLA) revealed it continues to hold $951 million worth of Bitcoin on its balance sheet, despite posting weaker-than-expected quarterly revenue of US$19.34 billion.

The automaker’s Bitcoin holdings, totaling 11,509 BTC, remained unchanged during the quarter, with no buy or sell activity recorded. This comes as Bitcoin’s price dipped from late December highs, impacting Tesla’s valuation of its digital asset portfolio under the new Financial Accounting Standards Board rules.

These rules now require corporations to mark digital assets to market on a quarterly basis, increasing transparency but also exposing earnings to crypto market volatility. Tesla’s crypto exposure, while relatively small compared to its core business, still makes it one of the top public holders of Bitcoin globally.

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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Trump says China’s Xi called him amid ongoing confusion over trade talks

Did they or didn’t they?

President Donald Trump told reporters at the White House on Friday that he has spoken to Chinese President Xi Jinping ‘many times’ but did not say if any of those communications took place since he imposed stiff tariffs on the communist nation. 

Asked for details about those communications, Trump responded by saying ‘I’ll let you know at the appropriate time.’

Trump’s latest comments, which took place before he boarded Marine One to travel to Rome for Pope Francis’ funeral, come after days of back and forth between the countries over whether they are in direct talks about reducing the tariffs – and whether Trump and Xi have spoken directly to one another since the tariffs were rolled out. 

Trump’s tariffs on China, which have rattled global stock markets and upended supply chains, have ballooned to 145% while China has responded by slapping a 125% tariff on its U.S. imports. 

In a newly published TIME article published Friday morning, Trump is quoted as saying that Xi personally called him to discuss trade matters. 

‘. And I don’t think that’s a sign of weakness on his behalf,’ Trump is quoted as saying, without providing specifics about the timing or content of the call.

When asked what Xi said, Trump sidestepped his response by saying ‘We all want to make deals. But I am this giant store. It’s a giant, beautiful store, and everybody wants to go shopping there. And on behalf of the American people, I own the store, and I set prices, and I’ll say, if you want to shop here, this is what you have to pay.’

‘You have to understand, I’m dealing with all the companies, very friendly countries,’ he said, when asked about trade adviser Peter Navarro, saying 90 deals in 90 days is possible. ‘We’re meeting with China. We’re doing fine with everybody. But ultimately, I’ve made all the deals.’

The TIME interview took place on Tuesday, with Trump saying publicly on the same day that things were going ‘fine with China’ and that the final tariff rate on Chinese exports would come down ‘substantially’ from the current 145%.

Trump also told reporters earlier in the week that ‘everything’s active’ when asked if he was engaging with China, although his treasury secretary had said there were no formal negotiations.

Those comments led to Beijing on Thursday denying any suggestion that it was in active negotiations with the administration.

Guo Jiakun, a spokesperson for China’s Foreign Ministry, said during a daily briefing on Thursday that, ‘For all I know, China and the U.S. are not having any consultation or negotiation on tariffs, still less reaching a deal.’

‘China’s position is consistent, and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,’ Commerce Ministry spokesperson He Yadong said.

Asked Thursday about China denying there were any conversations ongoing with the United States, Trump said, ‘We may reveal it later, but they had meetings this morning, and we’ve been meeting with China,’ before adding, ‘it doesn’t matter who they is.’

Trump said Tuesday that the hefty tax rate of 145% Americans must currently pay for Chinese imports will likely be reduced significantly.  

While Trump said the rate ‘won’t be zero,’ he expressed optimism over a potential trade deal with China. 

‘One hundred forty-five percent is very high, and it won’t be that high,’ Trump said to reporters in the Oval Office. ‘It will come down substantially, but it won’t be zero.’ 

Fox News’ Greg Norman, Bonny Chu and Stephen Sorace contributed to this report.

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Judge blocks Trump election order despite overwhelming American support for voter ID

A federal judge in Washington, D.C., blocked a portion of President Donald Trump’s executive order on election integrity that is popular among Americans, according to a Gallup poll.

The portion of the order that Judge Colleen Kollar-Kotelly of the U.S. District Court for the District of Columbia struck down included provisions related to requiring proof of citizenship to register to vote.

Less than two weeks before the 2024 election, Gallup found that 84% of U.S. adults were in favor of requiring voters to show identification and 83% supported requiring proof of citizenship when registering for the first time. 

When broken down by party, 67% of Democrats, 84% of Independents and 98% of Republicans were in favor of mandating voter ID. The party breakdown over proof of citizenship was similar, with 66% of Democrats, 84% of Independents and 96% of Republicans supporting the idea.

Kollar-Kotelly, however, argued that Trump did not have the authority to issue such an order, as the Constitution delegates control of election regulations to Congress and states.

‘Consistent with that allocation of power, Congress is currently debating legislation that would affect many of the changes the President purports to order,’ Kollar-Kotelly, a Clinton appointee, wrote in her order. ‘No statutory delegation of authority to the Executive Branch permits the President to short-circuit Congress’s deliberative process by executive order.’

Earlier this month, the House passed the Safeguard American Voter Eligibility (SAVE) Act, which would require states to obtain proof of citizenship for those registering to vote in a federal election. Additionally, the act mandates that all non-citizens be removed from voter rolls. The Senate still needs to pass the measure before it can reach Trump’s desk.

Rep. Chip Roy, R-Texas, who sponsored the bill in the House, wrote, ‘In order to preserve this republic, we must uphold what it means to be able to vote in a U.S. election. I am grateful that my colleagues answered the call and passed the SAVE Act, as this serves as a critical first step to ensure that we maintain election integrity throughout our country.’

So far in 2025, five states have enacted voter ID requirements, and one has mandated proof of citizenship for registration, according to Voting Rights Lab. Additionally, 25 states are considering bills that would mandate proof of citizenship, while 40 are mulling legislation requiring voter ID.

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Trump’s ‘STOP’ message to Putin echoes Biden’s ‘don’t’ from 2022

President Donald Trump’s message for Russian President Vladimir Putin to ‘STOP!’ airstrikes on Ukraine echoes a comment made by former President Joe Biden in 2022 in which he repeatedly warned Putin against using chemical or nuclear weapons in the conflict. 

‘I am not happy with the Russian strikes on KYIV. Not necessary, and very bad timing. Vladimir, STOP! 5,000 soldiers a week are dying. Let’s get the peace deal DONE,’ Trump wrote on Truth Social on Thursday as Russian airstrikes rocked Kyiv. 

Three years ago, during an interview with CBS News, Biden was asked, ‘As Ukraine succeeds on the battlefield, Vladimir Putin is becoming embarrassed and pushed into a corner — And I wonder Mr. President what you would say to him if he is considering using chemical or tactical nuclear weapons?’ 

‘Don’t. Don’t. Don’t,’ Biden responded. ‘It will change the face of war unlike anything since World War II.’ 

The Thursday attack on Ukraine killed at least 10 and injured at least 90, including children, Ukraine said. 

Trump’s message to Putin to ‘STOP!’ was criticized on the Friday cover of the New York Post, which featured the headline ‘Words aren’t enough.’

On Friday morning, as Trump was leaving the White House to fly to Rome for the funeral of Pope Francis, he told reporters ‘I think Russia and Ukraine — I think they’re coming along, we hope. It’s very fragile.’

‘We’re working on plenty of things that shouldn’t be worked on, because none of this stuff should have happened. This should have been taken place by Biden. It should have been fixed by Biden. But he couldn’t do it. Nor could he come close to doing,’ Trump added.

He also said he has ‘no deadline’ to resolving the war in Ukraine, but that he just wants to do it ‘as fast as possible.’

Trump administration officials claimed they had productive talks with Putin, but they have yet to secure a deal that would end the war that has been raging since Russia’s February 2022 invasion. 

Recently, several members of the administration suggested that the U.S. could end its efforts to secure a peace deal if Ukraine and Russia do not start making significant moves toward ending the war. 

White House envoy Steve Witkoff is in Moscow on Friday to meet with Putin. 

Russian Foreign Minister Sergei Lavrov also told CBS News that the Kremlin is ‘ready to reach a deal’ to end the war. In an excerpt of an interview that is set to air in full on Sunday, Lavrov said he agreed with Trump’s assertion that talks between Ukraine and Russia were ‘moving in the right direction.’ 

However, Lavrov added there were ‘some specific points, elements of the deal, which need to be fine-tuned,’ but did not explain what was being negotiated.

Lavrov also apparently made it clear to CBS News that Russia would not give up Crimea, which the country seized from Ukraine in 2014. Ukrainian President Volodymyr Zelenskyy said this week that his country would not recognize Russian control of Crimea, as it would go against Ukraine’s constitution. Trump slammed Zelenskyy over the ‘inflammatory’ remark and said in a post on Truth Social that the comment was ‘very harmful’ to peace efforts.

Fox News Digital’s Rachel Wolf contributed to this report. 

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UN runs out of food in Gaza two months after Israel’s total blockade

The United Nations’ World Food Programme has run out of food in Gaza, the organization said Friday, almost two months into Israel’s humanitarian blockade of the besieged enclave.

The agency says it delivered its final food stocks to kitchens in Gaza on Friday, and the kitchens are expected to deplete their supplies in the coming days.

“For weeks, hot meal kitchens have been the only consistent source of food assistance for people in Gaza,” the World Food Programme (WFP) said in a statement. “Despite reaching just half the population with only 25% of daily food needs, they have provided a critical lifeline.”

Israel imposed a humanitarian blockade of Gaza on March 2, cutting off food, medical supplies, and other aid to the more than 2 million Palestinians who live in the territory. Israel says the blockade, along with the military’s expansion of its bombardment of Gaza, is intended to pressure Hamas to accept a US-backed ceasefire proposal.

“If we do not see progress in the return of the hostages, we will expand our activity into a more intense and significant operation,” said Israel Defense Forces (IDF) Chief of Staff Lt. Gen. Eyal Zamir during a visit to Gaza Thursday.

The US has made clear that it will not push Israel to allow in more humanitarian aid. On Monday, Mike Hucakbee, the new US Ambassador to Israel, said a UN World Health Organization official asked him to put pressure on Israel to open the borders.

“How about we put the pressure where it really belongs – on Hamas,” Huckabee said on social media.

The blockade has worsened Gaza’s already dire humanitarian situation, with the Palestine Red Crescent Society (PRCS) warning earlier this month of imminent famine. The PRCS said most essential supplies, such as flour, sugar, and cooking oil, had run out of Gaza’s markets.

More than 116,000 metric tons of food is waiting at aid corridors outside of Gaza, ready to be brought in by WFP and its partners, the organization said. The supplies – which are enough to feed one million people for up to four months, WFP said – can enter as soon as the borders reopen.

“The situation inside the Gaza Strip has once again reached a breaking point: people are running out of ways to cope, and the fragile gains made during the short ceasefire have unravelled,” WFP said.

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