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

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

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

Bitcoin and Ethereum price update

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

u200bBitcoin price performance, June 16, 2025.

Bitcoin price performance, June 16, 2025.

Chart via TradingView.

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

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

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

Altcoin price update

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

Today’s crypto news to know

Ethereum whales accumulating

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

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

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

Tron to go public in reverse merger

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

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

Tron founder Justin Sun will advise the new company.

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

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

Trump Media files for Bitcoin-Ether ETF

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

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

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

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

Strategy buys another US$1.05 billion worth of Bitcoin

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

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

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

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

Vietnam passes landmark law to regulate crypto

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

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

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

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

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

Gemini, Coinbase near EU approval

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

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

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

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

This post appeared first on investingnews.com
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Jp Cortez: Is America’s Gold Really There? US Needs Full Audit of Reserves

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

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

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

This post appeared first on investingnews.com
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Investing

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

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

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

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

This post appeared first on investingnews.com
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‘It’s wrong’: Hawley warns Senate GOP not to boot Americans from Medicaid in Trump megabill

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

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

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

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

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

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

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

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

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

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

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

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

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

This post appeared first on FOX NEWS
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Questcorp Mining

Investor Insight

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

Overview

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

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

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

Company Highlights

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

Key Projects

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

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

La Union gold project location

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

Geology and history of La Union

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

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

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

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

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

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

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

Founding Directors and Management Team

Saf Dhillon – President, CEO and Director

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

R. Tim Henneberry – Director

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

Scott Davis – Director

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

This post appeared first on investingnews.com
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Senate panel navigates delicate compromises on Medicaid, taxes in latest chunk of Trump’s megabill

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

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

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

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

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

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

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

This post appeared first on FOX NEWS
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FLASHBACK: Trump launched his first presidential campaign ten years ago

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

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

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

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

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

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

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

This post appeared first on FOX NEWS
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Mike Johnson calls off Israel trip amid Iran conflict

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

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

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

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

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

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

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

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

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

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

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

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Iran’s Mossad paranoia grows, amid fears of Israeli spies wearing ‘masks, hats and sunglasses’

Iran has arrested dozens of people on suspicion of spying as fears grow in the Islamic Republic over the extent of its infiltration by Israel’s Mossad intelligence service.

Since Israeli strikes began Friday, 28 people in the capital have been arrested and accused of spying for Israel, while on Monday, one man arrested on that charge two years ago was hanged in what appeared to be a message to any would-be collaborator.

The Iranian regime has also arrested scores of people across the country for allegedly sharing articles online “in support of the Zionist regime” – accusing them of disrupting the “psychological security of society” – including 60 people in Isfahan, where Israel claims to have targeted a nuclear site.

The wave of arrests comes as Tehran reels from the revelation that Mossad operatives smuggled weapons into Iran before Israel’s unprecedented attack and used them to target the country from within.

So heightened have Iranian suspicions become since then that its Intelligence Ministry has been asking the public to report suspicious activity and issuing guidance on how to spot collaborators.

One statement from the ministry urges people to be wary of strangers wearing masks or goggles, driving pickup trucks and carrying large bags or filming around military, industrial, or residential areas.

Elsewhere, a poster published by the state-affiliated Nour News – which is close to Iran’s security apparatus – singled out for suspicion people who wear “masks, hats, and sunglasses, even at night” and those who receive “frequent package deliveries by courier.”

The poster asks people to report “unusual sounds from inside the house, such as screaming, the sound of metal equipment, continuous banging” and “houses with curtains drawn even during the day.”

Another poster, attributed to the police and published on state media, advised landlords who had recently rented their homes to notify the police immediately.

The fears of Israeli penetration only amplify the anxieties felt by the increasingly isolated leadership of the Islamic Republic, which has been rocked in recent years by anti-regime protests sparked by the death of a young woman in the custody of the country’s so-called morality police.

The same force used to crack down on those protests, the Basij (a paramilitary wing of Iran’s Revolutionary Guard) has been deployed in night patrols to increase “surveillance” in the wake of the Israeli infiltration, according to Iran’s state-controlled media.

In a video statement Monday, Iran’s chief of police Ahmad-Reza Radan urged “traitors” to come forward, suggesting those who realized they had been “deceived by the enemy” might receive more lenient treatment and be “honored” by Iran – while those who were caught would be “taught a lesson that the Zionist enemy is being given now.”

The head of Iran’s judiciary Gholam-Hossein Mohseni-Eje’i called for “swift” punishment of those accused of collaborating with Israel.

“Let’s say we have apprehended someone who is collaborating with (Israel), this matter under these war-like conditions … must be prosecuted swiftly and punished swiftly,” he said.

The Iranian regime’s rising paranoia comes as more details emerge of the Mossad operation that smuggled weapons into Iran ahead of the first strikes on Friday.

According to Israeli officials, operatives established a base for launching explosive drones inside Iran, then used those drones to target missile launchers near Tehran.

Precision weapons were also smuggled in, they say, and used to target surface-to-air missile systems, clearing the way for Israel’s Air Force to carry out more than 100 strikes with upward of 200 aircraft in the early hours of Friday local time.

Intelligence gathered by the Mossad in Iran also reportedly gave Israel’s Air Force the ability to target senior Iranian commanders and scientists.

Since then, according to Iranian media outlets, the government has seized equipment allegedly used during the Israeli operation – including 200 kilograms of explosives, several suicide drones, launchers and equipment used to manufacture the drones – in the city of Rey in Tehran province.

A video published by the state-affiliated Fars News Agency showed a building with drone parts and other equipment.

This post appeared first on cnn.com
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Crypto Market Recap: Strategy Adds US$1.05B in Bitcoin, Trump Media Eyes ETF

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

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$107,168, an increase of 1.9 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$104,627 and a high of US$107,715.

Bitcoin price performance, June 16, 2025.

Bitcoin price performance, June 16, 2025.

Chart via TradingView

Bitcoin rose about 2 percent in the last 24 hours, bouncing back from a weekend drop linked to tensions between Israel and Iran. The recovery came as global markets steadied and investor interest in crypto derivatives picked up.

Ethereum (ETH) is currently priced at US$2,628.31, a 3.9 percent increase over the past 24 hours, after reaching an intraday low of US$2,494.15 and a high of US$2,652.36.

Altcoin price update

  • Solana (SOL) is priced at US$156.88, up 3.8 percent over 24 hours. SOL experienced a low of US$148.71 and reached a high of US$157.61 as of Monday.
  • XRP is trading at US$2.20, up by 5.0 percent in 24 hours. The cryptocurrency’s lowest valuation today was US$2.14, and its highest was US$2.28.
  • Sui (SUI) is trading at US$3.13, showing an increaseof 3.9 percent over the past 24 hours. It reached an intraday low of US$2.97 and a high of US$3.15.
  • Cardano (ADA) is priced at US$0.6471, up 2.8 percent over the past 24 hours. Its lowest valuation as of Monday was US$0.622, and its highest valuation was US$0.6525.

Today’s crypto news to know

Strategy buys another US$1.05 billion worth of Bitcoin

Michael Saylor’s Strategy (NASDAQ:MSTR) has added another US$1.05 billion in Bitcoin to its balance sheet, acquiring 10,100 BTC between June 9 and June 15, per a new SEC filing.

This brings the company’s total holdings to over 592,000 BTC — purchased at a cumulative cost nearing US$42 billion since August 2020.

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

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

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

Vietnam passes landmark law to regulate Crypto

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

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

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

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

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

Trump Media files for Bitcoin–Ether ETF

Donald Trump’s media empire is doubling down on digital assets, filing for a dual Bitcoin and Ethereum ETF under the Truth Social brand.

The proposed ETF, which aims to offer direct exposure to BTC and ETH, will be managed by Yorkville America Digital and marketed as a low-barrier, cost-effective gateway into crypto investing.

This follows the firm’s earlier filing for a standalone Bitcoin ETF and public plans to use debt financing to buy BTC outright.

Critics warn of potential conflicts of interest as Trump simultaneously promotes crypto policy and holds a controlling stake in Trump Media, now valued in the billions.

The White House has denied any crossover influence, saying the president is “walled off” from personal business decisions.

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

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

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

This post appeared first on investingnews.com
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