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To paraphrase President Ronald Reagan, I think it’s time to ask: do you honestly feel better off today than you were at the beginning of the year?  

In the past few weeks, President Donald Trump cheated at golf in Scotland on the taxpayer dime, announced a $200 million White House ballroom to host his rich donors, finalized a Qatari grift for his new Air Force One, waddled around the White House roof like a lost old man, and talked about how his old pedophile pal Jeffrey Epstein ‘stole’ a 16-year-old spa worker from Mar-a-Lago. 

How much of that time did he spend actually focusing on the economy? 

On jobs?  

On bringing prices down, like he promised to do on day one?  

Look, for years, the Trump Industrial Complex has been ruthlessly effective at painting Democrats every which way. I’ll admit, we didn’t do nearly enough to define ourselves before allowing them to define us. In fact, we did some research the other month and found the number one word associated with the Democratic Party was ‘weak.’  

Now, I know that’s not the case. We’re the party of the working class, the small business, the farmer. Before leading the DNC, I headed up the Minnesota DFL – and you know what DFL stands for? Democratic-Farmer-Labor.   

We’re the party that says, we don’t want to dismantle the VA or fire vets from their jobs, we want the men and women who put their lives on the line for our freedom to be able to find an affordable home or get care after they’ve served. We’re the party that promises, if you’re going to work your butt off for decades, then you shouldn’t have to worry about some snake oil salesman blowing up your Social Security. And now it seems we’re the only party that still believes the Constitution matters.  

Protesters yell at DC police setting up checkpoint during Trump

But it doesn’t matter what I know. It matters what people think. Between now and the midterm elections, our job – my job – is to make the case why your life would be better with Democrats in charge.  

Now, you know what else Trump Republicans in D.C. are ruthlessly effective at?  

Ruining the country.  

Trump thinks the best way to show leadership is through bumper-sticker politics. But while you read his catchy slogans, he drives the car into oncoming traffic.  

When he wants to appear tough, he sends the military into U.S. cities.  

When he wants to make the economy seem better than it is, he fires economists and pumps fake trade deals.  

When he wants to avoid his friendship with the most notorious sex criminal in modern history, he whips up BS scandals about Democrats.   

Meanwhile, the latest labor report shows the past three months as the weakest stretch for jobs since COVID-19. America’s small business backbone is being ground into dust. Farmers are shutting down operations. Families are paying more, getting less, and sitting up at night wondering if their job will be there for them next week.  

Democrats exude an image that’s ‘far to the left of America,’ says Karl Rove

It’s almost as though, since coming into power, Trump and his allies in Congress have done everything possible to stop America from being great.  

They caused unnecessary economic tariff chaos and then, with their debt-ballooning budget, followed it up by ripping healthcare and food from those who need basic lifelines to make it through tough times. All to give lucrative tax windfalls to the most extreme elites. The richest of the richest of the rich.  

They attacked construction jobs, rural hospitals and nursing homes. They’re raising energy prices, grocery prices, clothing prices, car prices – the list goes on.  

And Trump said foreign countries would eat the tariff costs. Nope. You’re eating the costs. No press conference or talking point or billionaire-controlled AI bot can convince your bank account of something that’s not true.  

Trump thinks the best way to show leadership is through bumper-sticker politics. But while you read his catchy slogans, he drives the car into oncoming traffic.  

The thing is, we all want America to be great.  

But Democrats measure greatness by how many people have healthcare, how many families can find childcare that doesn’t break the bank, how many young couples can get keys to their first home, how many people with amazing ideas can turn those ideas into businesses. 

Let’s not forget, the Republican Party some of us still remember did big things. We didn’t always agree, and we fought bitterly at times, but at least they tried. They actually invested in stuff that matters to people, like building the interstate highway system, creating NASA, and knocking out polio. Hell, even President Richard Nixon created the EPA to make sure air is clean and water is safe. Now, the Trump administration is greenlighting forever chemicals in your water. These are the people who ran on ‘Make America Healthy Again.’  

Nobody should feel like they have to cover for Trump anymore. You deserve better. Plus, he already has a cartoon villain squad covering up for him every day with the Epstein files. 

Federal agents patrol streets of DC amid Trump crime crackdown

If you’re disillusioned by politics, think that this government is captured by the ultra-elites, or believe the system is broken and screwing you over – you’re right.  

If you’re sick of the status quo, looking to break from the establishment, and end rigged games that protect powerful people, then I’m going to break it to you – you should vote Democrat.  

As Democrats, our job isn’t to help Jeff Bezos pay for his $50 million European wedding. It’s to make sure the economy allows you to afford your own wedding, or raise a kid, or get care for aging relatives, or pay the summer A/C bill.  

Don’t you wish Republicans in Washington cared about those things too? 

They attacked construction jobs, rural hospitals and nursing homes. They’re raising energy prices, grocery prices, clothing prices, car prices – the list goes on.  

Look, it’s a damn shame that some people don’t feel like Democrats fight for them anymore. 

Here’s my admission: we can’t say to voters that we’re going to fight for them, fight for their families, fight for working people, and then when given the power, do nothing with it. 

That has to change. It is changing.  

I like to say you don’t need a miracle to grow a spine. You just need a willingness to do what’s right.  

Democrats host town halls across the country to slow down GOP momentum ahead of the midterm elections

I know politics these days feels like a sport. Good guys and bad guys. Winners and losers.  

But whether or not families can make it in this country isn’t a sport.  

It’s the most serious thing in the world.  

Trump doesn’t take that responsibility seriously. I promise, Democrats do.  

This post appeared first on FOX NEWS

(TheNewswire)

Prismo Metals Inc.

Vancouver, British Columbia TheNewswire – August 18th, 2025 Prismo Metals Inc. (the ‘ Company ‘) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that its has engaged Windfall Geotek Inc. to apply its proprietary Windfall AI System to integrate and analyze geophysical data, topography data and drill hole data at Prismo’s Hot Breccia copper project located in Arizona.

Dr. Craig Gibson, Chief Exploration Officer of Prismo Metals commented: ‘The Hot Breccia Project should be an ideal place to apply the Windfall AI System. It lies in the world-famous Arizona copper belt, between several very well understood world-class copper mines including Christmas, Morenci, Ray and Resolution. (Figure 1) Hot Breccia shows many features in common with these neighboring systems, most prominently a swarm of porphyry dikes and series of breccia pipes containing numerous fragments of well copper-mineralized rocks mixed with fragments of volcanic and sedimentary derived from considerable depth.’


Click Image To View Full Size

Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

Gord Aldcorn, President of Prismo said: ‘Prismo remains committed to advancing its Hot Breccia copper project, located in the heart of the Arizona copper belt. The engagement of Windfall Geotek is consistent with that commitment. Their work will provide valuable information as we continue to hold discussions with potential strategic partners present in the district or wanting to gain a foothold in the district. The goal remains to conduct a minimum of 5,000 meters of drilling. Results from the Windfall Geotek study are expected to be received by the beginning of September.’

Windfall Geotek, located in Montreal, Canada, is a mining and technology services company and a leader in the application of Artificial Intelligence (AI) for mineral exploration since 2005. The Windfall AI System is a state-of-the-art computerized analysis method that uses the latest Artificial Intelligence (Machine Learning) and pattern recognition algorithms to analyze large digital exploration data sets and produce exploration targets.

Historical drilling was carried out at Hot Breccia in the mid to late 1970’s by a Rio Tinto subsidiary intersected high-grade copper mineralization at depths ranging from 640 to 830 meters below the surface in several holes that targeted one of the magnetic highs, believed to be caused by the magnetite skarn that was cut in the holes and that occurs in xenoliths in cross cutting dikes exposed at the surface. Prismo believes those intercepts cut the periphery of the upper portion of a large mineralized system as interpreted from our exploration program.  Historical drill holes cut high grade skarn mineralization including 23 meters with 0.54% Cu at 640 meters depth (hole OC-1), 18 m with 1.4% Cu and 4.65% Zn at 830 meters depth (hole OCC-7), and 7.6 m with 1.73% Cu and 0.11% Zn at 703 meters and 4.6 meters with 1.4% Cu and 0.88% Zn at 716 meters (OCC-8).

Mineralization occurs within a several hundred-meter-thick altered zone hosted in favorable Paleozoic carbonate rocks that underly a sequence of Cretaceous andesitic volcanic rocks.  These carbonates are the same rocks that host the high-grade copper mineralization at Freeport’s nearly Christmas mine.

The historic drilling intersected a blind mineralized intrusion associated with the skarn mineralization, providing an immediate drill target that is believed to be the source of the mineralization at Hot Breccia (Figure 2). Several magnetic highs in the region surrounding the proposed intrusion may also indicated buried skarn mineralization and provide additional exploration targets.


Click Image To View Full Size

Figure 2. Schematic cross section at Hot Breccia showing updated interpretation after Barrett (1974).

Notes:

  1. (1) Barrett, Larry Frank (1972): Igneous Intrusions and Associated Mineralization in the Saddle Mountain Mining District Pinal County, Arizona. Unpublished Masters’ Thesis, University of Utah.

  2. (2) Barrett, Larry Frank (1974): Diamond drill hole OC-1, O’Carroll Canyon, Pinal County, Arizona, unpublished internal report, Bear Creek Mining.

About Hot Breccia

The Hot Breccia property consists of 1,420 hectares in 227 contiguous mining claims located in the world class Arizona Copper Belt between several very well understood world-class copper mines including Morenci, Ray and Resolution (Figure 1). Hot Breccia shows many features in common with these neighboring systems, most prominently a swarm of porphyry dikes and series of breccia pipes containing numerous fragments of well copper-mineralized rocks mixed with fragments of volcanic and sedimentary derived from considerable depth. Prismo performed a ZTEM survey last year that identified a very large conductive anomaly directly beneath the breccia outcrops.

Sampling at the project has shown the presence of copper mineralization associated with polylithic breccia pipes that transported fragments of strongly mineralized carbonate rocks to the surface from depths believed to be 400-1,000 meters. Drilling deep holes is necessary to tap into the source of these mineralized fragments found at surface.

Assay results from historic drill holes are unverified as the core has been destroyed, but information has been gathered from memos, photos and drill logs that contain some, but not all, of the assay results and descriptions.  Technical information from adjacent or nearby properties does not mean nor does it imply that Prismo will obtain similar results from its own properties.

Data on previous drilling and geophysics is historical in nature and has not been verified, is not compliant with NI 43-101 standards and should not be relied upon; the Company is using the information only as a guide to aid in exploration planning.

QA/QC

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram , and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6

Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alambert@cpvcgroup.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

About Windfall Geotek

Windfall Geotek Inc. (CSE: WIN, OTCQB: WINKF) is an Artificial Intelligence company with over 20 years of experience developing its proprietary AI and Data Mining Technologies for mineral exploration and other applications. The company combines geophysical, geological, drillhole, and surface data to identify high-probability targets. Windfall has contributed to numerous discoveries and continues to innovate, including in landmine detection applications. Learn more at: https://windfallgeotek.com

For further information, please contact:

Michel Fontaine

Founder, President & CEO

Telephone: 514-994-5843

Email: michel@windfallgeotek.com

Website: www.windfallgeotek.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates’, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and results of drilling at Hot Breccia.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Ukrainian President Volodymyr Zelenskyy will likely opt for a more formal look when he meets with former President Donald Trump in Washington, D.C., on Monday, according to a designer who has previously collaborated with the European leader.

‘Tomorrow he most likely will not appear in a polo,’ Ukrainian designer Elvira Gasanova told Fox News Digital. ‘… I think he will choose a black military suit or a military-style shirt with trousers — perhaps a jacket.’

Having previously come under fire for his informal attire, Zelenskyy is likely to choose ‘a more serious look — though less symbolic,’ according to Gasanova.

‘After the recent ‘no suit’ drama, he will likely approach this question differently,’ she said.

Zelenskyy has at times faced criticism for his informal wardrobe, including during his tense February visit to the Oval Office. That meeting with Trump and Vice President JD Vance escalated into a heated exchange between the three leaders over what ‘cards’ Ukraine holds and whether Zelenskyy has expressed sufficient gratitude to the United States.

‘Why don’t you wear a suit? You’re at the highest level in this country’s office, and you refuse to wear a suit,’ one reporter asked Zelenskyy at the time. ‘… Do you own a suit?’

Unlike many politicians, the Ukrainian president does not have personal stylists, according to Gasanova, who is the founder of Ukrainian fashion brands GASANOVA and DAMIRLI. 

Gasanova said she has previously designed clothing items for both Zelenskyy and Ukrainian First Lady Olena Zelenska.

‘We have sent various items to the President’s office — from vyshyvankas and polos to suits,’ she said. ‘There have been only a few fittings with Volodymyr — he simply does not have the time… Besides, it is stressful for him, as his body is constantly changing.’

The pressures of Russia’s full-scale invasion have taken a physical toll on Zelenskyy, leading to weight loss during high-stress periods, while regular training helps him rebuild muscle mass, Gasanova said.

‘At the moment, he is in Brussels, and he will decide for himself what to wear tomorrow,’ she said.

The upcoming meeting follows just days after Trump met with Russian President Vladimir Putin in Alaska on Friday to negotiate an end to the war in Ukraine.

The high-stakes meeting was the first U.S.-Russia summit since June 2021, which was under former President Joe Biden’s administration and only eight months before Putin invaded Ukraine. 

The White House and Press Office for Ukrainian President Volodymyr Zelenskyy did not immediately respond to Fox News Digital’s request for comment.

This post appeared first on FOX NEWS

Ukrainian President Volodymyr Zelenskyy reiterated on Sunday that Kyiv will not surrender any territory to Moscow, pushing back against mounting international speculation about potential land-for-peace negotiations. 

‘The constitution of Ukraine makes it impossible to give up territory or trade land,’ Zelenskyy said during a press conference at the European Commission on Sunday. 

He added that Russia has repeatedly tried and failed to seize the entirety of the Donbas region in eastern Ukraine for a period of 12 years. The Donbas, which includes Donetsk and Luhansk oblasts, is an industrial hub, with coal mining and steel production central to Ukraine’s economy.

‘Since the territorial issue is so important, it should be discussed only by the leaders of Ukraine and Russia at the trilateral [talks with] Ukraine, United States, Russia,’ Zelenskyy said.

The Ukrainian leader, who spoke alongside EU Commission President Ursula von der Leyen, said that so far the Kremlin has ‘given no sign that the trilateral will happen.’ 

‘With regards to any territorial questions in Ukraine, our position is clear: international borders cannot be changed by force. These are decisions to be made by Ukraine and Ukraine alone, and these decisions cannot be taken without Ukraine at the table,’ von der Leyen said.

Their remarks came after Russian President Vladimir Putin’s meeting with U.S. President Donald Trump in Alaska on Friday, during which the Russian leader outlined conditions for ending the war, including demands for control over parts of eastern Ukraine.

Following the meeting with the Russian leader, Trump signaled that Zelenskyy should take Putin’s deal to end the war because ‘Russia is a very big power’ and Ukraine is not. Still, SSecretary of State Marco Rubio dismissed claims that Trump would pressure Zelenskyy to give up large swaths of its sovereign land to Russia.

‘The president has said that in terms of territories, these are things that Zelenskyy is going to have to decide on,’ Rubio told Maria Bartiromo on Fox News’ ‘Sunday Morning Futures.’

‘All the president is trying to do here is narrow down the open issues,’ Rubio said, adding that Trump is focused on ending the Kremlin’s war in Ukraine.

‘You can’t have a peace deal between two warring factions unless both sides agree to give up something. And both sides agree that the other side gets something. Otherwise, if one side gets everything they want, that’s not a peace deal. It’s called surrender. And I don’t think this is a war that’s going to end anytime soon. On the basis of surrender,’ Rubio said.

Zelenskyy said he hopes the upcoming meeting with European allies and Trump ‘will be productive,’ contrasting it with the heated Oval Office exchange during his February visit.

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European leaders will join Ukrainian President Volodymyr Zelenskyy when he travels to Washington, D.C., on Monday for a high-stakes meeting with U.S. President Donald Trump. 

On Sunday, NATO Secretary General Mark Rutte, European Commission President Ursula von der Leyen, French President Emmanuel Macron, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz, Italian Prime Minister Giorgia Meloni and Finnish President Alexander Stubb all confirmed their attendance. Their joint presence underscores Europe’s determination to present a united front in support of Ukraine as Russia’s war drags on.

Ahead of his meeting with Trump, Zelenskyy met with von der Leyen at the European Commission in Brussels to set priorities for the White House talks, focusing on long-term military aid, Ukraine’s ambitions to join the EU, and bolstering transatlantic solidarity in the face of Russian aggression.

At a joint press conference, von der Leyen said she was glad to be joining Zelenskyy and other European leaders in Washington on Monday.

‘We will continue to support you for as long as it takes,’ she said, adding that the EU backs a trilateral meeting between Ukraine, Russia and the United States.

She warned that the EU will move forward next month with its 19th sanctions package against Russia if the Kremlin refuses to halt its war in Ukraine.

Zelenskyy said he hopes the upcoming meeting with Trump ‘will be productive’ and not a repeat of the shouting match that took place in the Oval Office during his February visit.

Zelenskyy’s meeting at the White House comes on the heels of Trump’s summit with Russian leader Vladimir Putin in Anchorage on Friday, where Trump dropped his demand for a ceasefire and urged a final peace deal.

After meeting with Putin, Trump said the Russian leader was willing to end the war in exchange for key Ukrainian territory concessions. Trump said Kyiv should take the deal with Moscow because ‘Russia is a very big power, and they’re not.’

Zelenskyy, alongside European leaders, consistently rejects proposals to surrender any Ukrainian land to Russia.

‘Since the territorial issue is so important, it should be discussed only by the leaders of Ukraine and Russia at the trilateral Ukraine, United States, Russia,’ Zelenskyy told reporters at the European Commission on Sunday. ‘So far, Russia has given no sign that the trilateral will happen,’ he added.

This post appeared first on FOX NEWS

MIAMI BEACH, Fla. — Playboy plans to relocate its global headquarters from Los Angeles to Miami Beach and open a Playboy club there.

The Miami Beach headquarters at the top of a luxury office building will include studios to support Playboy’s “growing creator network” and the club will have a restaurant as well as a members-only section inspired by the Playboy Mansion in Los Angeles, the company said Thursday in a statement.

“Miami Beach is among the most dynamic and culturally influential cities in the country, making it the ideal home for Playboy’s next chapter,” Ben Kohn, CEO of Playboy Inc., said in the statement.

The first Playboy Magazine was published in 1953, featuring Marilyn Monroe on the cover and in a “Sweetheart of the Month” color nude photo inside.

The first Playboy Club opened in 1960 in Chicago, which was the headquarters of the company at the time, and the company opened up clubs around the world.

In 2020, Playboy ceased publishing its monthly print magazine, sticking instead with online content.

This post appeared first on NBC NEWS

Here’s a quick recap of the crypto landscape for Friday (August 15) 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$116,999, a 0.8 percent decline in 24 hours. Its lowest valuation of the day was US$116,956, while its highest was US$118,192.

Bitcoin price performance, August 15, 2025.

Bitcoin price performance, August 15, 2025.

Chart via TradingView.

Bitcoin surged to a new all-time high of US$124,533 on Thursday (August 14), driven by increased institutional interest and expectations that the US Federal Reserve will cut interest rates.

However, the rally was short-lived, as the price fell as low as US$117,263 early on Friday.

The decline was attributed to hotter-than-expected US producer price index data for July, which dampened investor optimism about a rate reduction. Additionally, comments from US Secretary of the Treasury Scott Bessent revealed that the country holds less Bitcoin in reserve than previously thought, further unsettling the market.

Ethereum (ETH) experienced one of its most successful weeks of the year, with on-chain data further underscoring this bullish trend. Daily active addresses, stablecoin transfer volume and daily transactions all reached record highs this week. Additionally, decentralized exchange volume hit its highest point since 2022.

As of Friday’s close, ETH was priced at US$4,391.13, a 3.3 percent decline over 24 hours. Its lowest valuation on Friday was US$4,381.31, and its highest was US$4,614.81.

Altcoin price update

  • Solana (SOL) was priced at US$184.03, down by 4.8 percent over 24 hours. Its lowest valuation of the day was US$183.837, while its highest valuation was US$193.02.
  • XRP was trading for US$3.07, down 0.3 percent in the past 24 hours. Its lowest valuation of the day was US$3.01, and its highest was US$3.11.
  • Sui (SUI) was trading at US$3.66, down by 2.4 percent over the past 24 hours. Its lowest valuation of the day was US$3.63, while its highest was US$3.85.
  • Cardano (ADA) was trading at US$0.93, up 0.3 percent over 24 hours. Its lowest valuation of the day was US$0.9186, while its highest was US$0.9526.

Today’s crypto news to know

Ethereum ETF inflows hit nearly US$3 billion for the week

Ethereum-focused exchange-traded funds (ETFs) have seen an unprecedented surge in investor demand, attracting almost US$3 billion in net inflows over the past week. According to SoSoValue data, this amount is more than five times the US$562 million that flowed into Bitcoin ETFs during the same period.

The spike coincides with a rapid increase in Ethereum holdings by crypto treasury firms — their exposure has climbed from US$600 million to US$11 billion in just six weeks. It also follows the US Securities and Exchange Commission’s (SEC) approval of in-kind creations and redemptions for spot Bitcoin and Ethereum ETFs. The change makes the funds more cost efficient and attractive to institutional investors.

ETF Store President Nate Geraci said in a post on X that three of the four largest single-day inflows for Ethereum ETFs since their inception occurred this week alone. Prices for the cryptocurrency have rallied nearly 19 percent over the past seven days, coming within reach of their 2021 all-time high of US$4,878.

Galaxy Digital secures US$1.4 billion loan for AI data center

Galaxy Digital (NASDAQ:GLXY) has secured a US$1.4 billion term loan facility to accelerate the development of its Helios artificial intelligence (AI) data center campus in Texas.

The loan, announced on Friday, will cover approximately 80 percent of the construction costs for the project’s first phase, with Galaxy Digital contributing US$350 million in equity. According to an SEC filing, the loan is secured by all assets of Galaxy Helios I, a subsidiary of Galaxy Digital, and is set to mature on August 15, 2028.

The capital infusion will fund the expansion of the Helios AI datacenter, enabling it to deliver power for AI workloads under a long-term agreement with GPU cloud provider CoreWeave (NASDAQ:CRWV), commencing in early 2026.

Galaxy Digital also announced the expansion of a power capacity deal with CoreWeave to 800 megawatts for AI and high-performance computing operations at its Helios campus, projecting over US$1 billion in annual revenue from this deal, or US$15 billion over 15 years. The Helios data center is expected to reach a 3.5 gigawatt capacity when fully developed, with 2.7 gigawatts available for other clients after the CoreWeave agreement.

DOJ seizes over US$2.8 million in crypto from alleged ransomware operator

On Thursday, the US Department of Justice (DOJ) announced the seizure of over US$2.8 million in cryptocurrency, as well as cash and other assets, as part of a criminal case against an alleged ransomware operator.

Ianis Aleksandrovich Antropenko, the alleged operator, faces charges of conspiring to commit computer fraud and abuse, as well as conspiracy to commit money laundering.

On Thursday, the DOJ unsealed six warrants, authorizing the seizure of US$2.8 million in cryptocurrency from a wallet controlled by Antropenko, along with US$70,000 in cash and a luxury vehicle.

According to the notice, these assets are believed to be the proceeds of ransomware activity, or involved in laundering those proceeds. The laundered assets were disguised through various methods, including the use of ChipMixer, a cryptocurrency mixing service that was shut down in a coordinated international operation in 2023.

Antropenko also laundered cryptocurrency by converting it to cash and making structured cash deposits.

Saylor bets on US$100 billion ‘Bitcoin credit’

Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), is pursuing a high-risk plan to finance further Bitcoin purchases through perpetual preferred stock offerings.

The new securities — nicknamed “Stretch” — do not mature, lack voting rights and can skip dividends under certain conditions, giving the issuer flexibility while raising investor concerns about risk.

This marks a departure from the company’s earlier reliance on common stock sales and convertible bonds to fund what is now a US$75 billion Bitcoin treasury. Saylor aims to retire billions in outstanding debt and replace it with preferred equity, which he says could theoretically scale to US$100 billion or more in capital raised.

The model hinges on investor appetite for yield backed indirectly by Bitcoin’s performance, while avoiding the dilution impact of issuing more common stock.

Federal Reserve Board to sunset crypto supervision program

In a notice on Friday, the US Federal Reserve Board said it will sunset a program created in August 2023 to supervise certain activities related to crypto assets and distributed ledger technology.

The Fed said it will return to monitoring activity through the normal supervisory process.

“Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices,” it said.

“As a result, the Board is integrating that knowledge and the supervision of those activities back into the standard supervisory process and is rescinding its 2023 supervisory letter creating the program.”

Hong Kong SFC rolls out stricter rules for licensed crypto platforms

Hong Kong’s Securities and Futures Commission (SFC) has introduced new custody rules for licensed virtual asset trading platforms, setting stricter benchmarks for how client assets must be stored and secured.

The updated framework includes specific requirements for cold wallet usage, senior management accountability and real-time cyber threat monitoring, alongside rules for using third-party wallet providers.

These measures follow an SFC review earlier this year that identified security and operational gaps among some licensed exchanges. The regulator says the changes are part of its ASPIRe strategy, a five point plan to address liquidity fragmentation, regulatory arbitrage and volatility, while expanding regulated product offerings.

The policy also aims to position Hong Kong as a safer, more structured alternative to other Asian crypto hubs, notably Singapore, which has imposed tighter limits on retail trading.

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

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

This post appeared first on investingnews.com

Tech stocks led Wall Street to a second consecutive week of gains as a series of data releases reignited optimism about a September interest rate cut from the US Federal Reserve.

A strong consumer price index report was the catalyst, renewing anticipation that the Fed will lower rates when it meets next month. While Thursday’s (August 14) less optimistic producer price index report caused a momentary pause, the tech sector’s resilience — or defiance — mitigated losses and kept momentum alive.

Here’s a look at the key moments that shaped the tech sector this week.

1. US government strikes controversial Big Tech deal

On Monday (August 11), the Washington Post reported on a deal between the US government and tech giants NVIDIA (NASDAQ:NVDA) and Advanced Micro Devices (AMD) (NASDAQ:AMD). It stipulates that the tech companies must surrender 15 percent of revenue from Chinese sales of NVIDIA’s H20 chips and AMD’s MI308 chips.

Anonymous sources told the news outlet that this condition was imposed as a prerequisite for granting the companies export licenses to sell their products in China. The move that has prompted legal concerns among trade experts who say the fee could be construed as an unconstitutional trade tax.

“To call this unusual or unprecedented would be a staggering understatement,” Stephen Olson, a former US trade negotiator, told Bloomberg. “What we are seeing is in effect the monetization of US trade policy in which US companies must pay the US government for permission to export.”

AMD, NVIDIA and Intel performance, August 12 to 15, 2025.

AMD, NVIDIA and Intel performance, August 12 to 15, 2025.

Chart via Google Finance.

Meanwhile, shares of Intel (NASDAQ:INTC) rose as much as 4.6 percent on Tuesday (August 12) following a ‘candid and constructive’ meeting between CEO Lip-Bu Tan and US President Donald Trump on Monday.

The meeting came after Trump called for Tan’s removal last week.

According to a separate Bloomberg article, the US government is considering taking a stake in the chipmaker to help it establish a planned factory hub in Ohio; the company once promised it would be the world’s largest chipmaking facility. Tan has not confirmed or denied the report, but discussions are said to be ongoing. Sources told Bloomberg the government is considering using funds from the Biden administration’s Chips Act to fund the stake.

2. Amazon to expand grocery delivery services

Amazon (NASDAQ:AMZN) shares rose as much as 1.3 percent on Wednesday (August 13) after the commerce company announced plans to significantly expand its grocery services.

On Wednesday, the company said its same-day delivery service will now include fresh groceries, including produce, meat and dairy, in over 1,000 cities, with plans to expand into more than 2,300 by the end of the year.

The service is included in Amazon Prime memberships for orders over US$25. Smaller orders and orders from non-members will require fees of US$2.99 and US$12.99, respectively.

3. CoreWeave shares drop after mixed earnings report

Artificial intelligence (AI) data center operator CoreWeave (NASDAQ:CRWV) reported mixed Q2 results on Tuesday, with revenue more than doubling year-on-year to US$1.2 billion, beating estimates of US$1.08 billion, and a revenue backlog of US$30.1 billion. However, the growth came at a high cost. The company reported a record US$2.9 billion in capital expenditures for the quarter, and operating expenses jumped by 276 percent to US$1.19 billion.

CoreWeave performance, August 12 to 15, 2025.

CoreWeave performance, August 12 to 15, 2025.

Chart via Google Finance.

The company also reported losses of US$291 million, larger than the US$190.6 million analysts had estimated.

Shares of CoreWeave opened more than 10 percent lower on Wednesday and declined throughout the week, closing at US$99.97 on Friday (August 15) compared to Monday’s opening price of US$134.80.

4. Perplexity bids on Chrome, prepares for fresh funding round

AI startup Perplexity made a US$34.5 billion bid for Google’s (NASDAQ:GOOGL) web browser, Chrome, in a move to secure its future in the AI search market. Perplexity told the Wall Street Journal that the unsolicited offer would be funded with the help of outside investors. The company’s advance comes as Google faces a potential divestiture following an antitrust trial that found it had illegally monopolized online search and search advertising.

OpenAI has also expressed interest in acquiring Chrome.

On Thursday, Business Insider reported that Perplexity is preparing for another round of funding, which would mark its sixth fundraiser in 18 months. The company is reportedly seeking a post-money valuation of US$20 billion. This comes barely one month after the startup achieved a US$18 billion valuation.

The rapid succession of these events underscores the intense, high-stakes competition among AI startups to secure foundational assets and challenge established tech giants.

Canadian AI startup Cohere secured US$500 million in fresh funding on Thursday from a group of investors that included NVIDIA and AMD, bringing its valuation to US$6.8 billion. The company also onboarded former executives from Uber Technologies (NYSE:UBER) and Meta Platforms (NASDAQ:META).

5. Apple plans product expansion

Apple (NASDAQ:AAPL) shares climbed as high as 1.7 percent on Wednesday after Bloomberg reported on the company’s planned expansion into robotics, home security and smart displays.

The new products are aimed at strengthening Apple’s product ecosystem, which has paled in comparison to offerings from tech rivals like Amazon and Meta.

Apple performance, August 12 to 15, 2025.

Apple performance, August 12 to 15, 2025.

Chart via Google Finance.

Some of the new devices slated for future release include a tabletop virtual companion robot, a long-planned advanced Siri model with a visual personality, a smart speaker with display capabilities and home security cameras.

Apple finished the week at US$231.59, a 1.7 percent gain from Monday.

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

This post appeared first on investingnews.com

President Donald Trump closed out his 30th week in office of his second term with a high-stakes meeting with Russian President Vladimir Putin Friday in Anchorage, Alaska, in an attempt to end the war between Russia and Ukraine. 

The two did not reach a peace agreement, but Trump said that the meeting was a success and that Ukrainian President Volodymyr Zelenskyy will visit the White House in Washington Monday. 

‘It was determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a Peace Agreement, which would end the war, and not a mere Ceasefire Agreement, which often times do not hold up,’ Trump said in a Saturday post on Truth Social. 

If the meeting in Washington with Zelenskyy goes well, Trump said that a trilateral meeting between the U.S., Russia and Ukraine will be scheduled. 

Trump described the meeting with Putin as ‘very warm,’ and said that he believed a deal was imminent. 

‘I can tell you, the meeting was a very warm meeting,’ Trump told Fox News host Sean Hannity in an exclusive interview. ‘You know, he’s a strong guy, he’s tough as hell on all of that, but the meeting was a very warm meeting between two very important countries, and it’s very good when they get along. I think we’re pretty close to a deal. Now look, Ukraine has to agree to it.’

Here’s what also happened this week: 

Crime crackdown 

On Monday, Trump announced he would activate approximately 800 National Guard troops and would take over the Metropolitan Police Department to address crime in Washington. The move came after Trump already bolstered federal law enforcement presence in the nation’s capital Saturday. 

‘I’m deploying the National Guard to help reestablish law, order and public safety in Washington, D.C.,’ Trump told reporters at a Monday press conference. ‘And they’re going to be allowed to do their job properly.’

Trump initially suggested federalizing Washington’s Metropolitan Police Department and dispatching National Guard troops to address crime in Washington Aug. 6 in response to the assault of a former Department of Government Efficiency (DOGE) staffer. 

Although a temporary federal takeover of the Metropolitan Police Department is warranted for emergency situations, Washington officials filed a lawsuit challenging the Trump administration’s move Friday. 

‘By illegally declaring a takeover of MPD, the Administration is abusing its temporary, limited authority under the law,’ Washington Attorney General Brian Schwalb wrote in a Friday X post. ‘This is the gravest threat to Home Rule DC has ever faced, and we are fighting to stop it.’

Smithsonian review

The White House sent a letter to the Smithsonian Tuesday, announcing it would conduct a review of its museums and exhibits leading up to the 250th birthday of the United States in 2025.

‘We want the museums to treat our country fairly,’ Trump told reporters Thursday. ‘We want their museums to talk about the history of our country in a fair manner, not in a woke manner or in a racist manner, which is what many of them, not all of them, but many of them are doing.’

‘Our museums have an obligation to represent what happened in our country over the years. Good and bad,’ Trump said. ‘But what happened over the years in an accurate way.’ 

The White House said in a letter Tuesday the review would involve examining social media, exhibition text and educational materials to ‘assess tone, historical framing, and alignment with American ideals.’ 

‘This initiative aims to ensure alignment with the President’s directive to celebrate American exceptionalism, remove divisive or partisan narratives, and restore confidence in our shared cultural institutions,’ the letter said.

The Smithsonian told Fox News Digital it would coordinate with the White House, Congress and its governing Board of Regents on the matter. 

‘The Smithsonian’s work is grounded in a deep commitment to scholarly excellence, rigorous research and the accurate, factual presentation of history,’ the Smithsonian said in a statement.

This post appeared first on FOX NEWS

The State Department announced on Saturday that it was halting all visitor visas to individuals from Gaza while it reviews the issuing process.

‘All visitor visas for individuals from Gaza are being stopped while we conduct a full and thorough review of the process and procedures used to issue a small number of temporary medical-humanitarian visas in recent days,’ a post on X from the State Department read.

Neither the State Department nor Secretary of State Marco Rubio commented on what triggered the sudden review.

In June, the Trump administration began cracking down on vetting for visa applicants. This involved the introduction of a ‘comprehensive and thorough’ review of all applicants’ ‘online presence.’

‘Every visa adjudication is a national security decision. The United States must be vigilant during the visa issuance process to ensure that those applying for admission into the United States do not intend to harm Americans and our national interests, and that all applicants credibly establish their eligibility for the visa sought, including that they intend to engage in activities consistent with the terms for their admission,’ the State Department said at the time.

Earlier this month, France suspended evacuations from Gaza after a Palestinian student allegedly shared a social media post with an image of Adolf Hitler that called for killing Jews.

French Foreign Minister Jean-Noël Barrot told France Info radio that the woman ‘must leave the country’ and that she ‘has no place’ in France.

‘No evacuation of any kind will take place until we have drawn the necessary conclusions from this investigation,’ Barrot said in the interview. He also vowed there would be a probe into how the Palestinian woman was able to get a student visa.

The student, later identified as Nour Attaalah, left France for Qatar after the incident.

As of Jan. 1, 2025, the population in Gaza had dropped by 6% since the beginning of the Israel-Hamas war in October 2023, according to Reuters, which cited the Palestinian Central Bureau of Statistics (PCBS). The outlet noted that this includes approximately 100,000 Palestinians who fled the enclave.

Fox News Digital reached out to the State Department. 

This post appeared first on FOX NEWS