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Here’s a quick recap of the crypto landscape for Friday (July 11) 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$118,036 at the end of the trading day, its highest valuation on Friday and a 4.1 percent increase in the last 24 hours. Earlier on Friday, Bitcoin saw a low of US$116,847.

Bitcoin price performance, July 11, 2025.

Chart via TradingView.

Bitcoin’s surge to a new all-time high of US$118,000 confirms a breakout above key resistance levels.

Glassnode confirms a US$4.4 billion increase in realized cap, indicating real capital inflows rather than just speculative trading. Based on data from the MVRV oscillator over the past four years, market analyst Axel Adler Jr. suggests that Bitcoin could reach approximately US$130,900 when the MVRV ratio hits 2.75, a level historically linked to profit taking and distribution. This would mark a 17 percent increase from current prices.

Some analysts have upside targets as high as US$150,000 in the weeks ahead.

The popular cryptocurrency’s rise came as investors cheered bipartisan US Senate passage of the GENIUS Act — a bill that would establish regulatory guardrails for stablecoins. The act would codify requirements for fiat-pegged stablecoins, offering investor protections while legitimizing the sector in the eyes of institutional capital.

Optimism was also supported by a softer US dollar and the Trump administration’s crypto-friendliness.

Bitcoin exchange-traded funds tracking Bitcoin have posted record volumes, drawing billions in net inflows.

Ethereum (ETH) was priced at US$3,001.99, up by 6.6 percent over the past 24 hours and just shy of an earlier peak of US$3,003.01. Its lowest valuation on Friday was US$2,593.05. ETH’s recent breakout is supported by bullish indicators suggesting a potential rally to US$3,400 if it can overcome resistance levels.

Altcoin price update

  • Solana (SOL) was priced at US$164.25, up by 3.1 percent over 24 hours. Its lowest valuation on Friday was US$162.25, and its highest was US$167.55.
  • XRP was trading for US$2.85, up 13.9 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.69 as the markets opened, and its highest was US$2.91.
  • Sui (SUI) is trading at US$3.51, up by 2.7 percent over the past 24 hours. Its lowest valuation was US$3.45, and its highest was US$3.56.
  • Cardano (ADA) is priced at US$0.7419, up by 13.7 percent in the last 24 hours. Its lowest valuation on Friday was US$0.7281, and its highest was US$0.7721.

Today’s crypto news to know

Ties between Trump coin and Binance under scrutiny

According to a Friday Bloomberg report citing three people familiar with the matter, cryptocurrency exchange Binance helped write the code behind USD1, the stablecoin issued by World Liberty Financial.

World Liberty Financial is one of the crypto businesses tied to US President Donald Trump and his family.

The report cites Abu Dhabi-based investment firm MGX’s announcement of a US$2 billion investment in Binance on March 12 using a then-unnamed stablecoin. Later, in May, co-founder Eric Trump said that the company would settle the investment using USD1, which was minted on the BNB chain on March 24.

The report found that 90 percent of the USD1 coins used in that transaction were still in Binance’s wallets as of Friday, where they are potentially generating tens of millions of dollars in interest for Trump and his family.

The report comes with three stablecoin bills poised for Congressional hearings and votes next week. Members of Congress have been divided over certain aspects of the legislation, with Trump’s financial ties to the industry a topic of scrutiny across the political spectrum and among various stakeholders in the financial and crypto communities.

Changpeng Zhao, former CEO of Binance, served four months in federal prison after pleading guilty to one felony count of violating anti-money laundering laws as part of a settlement with US authorities in 2023.

In May, Zhao said he was seeking a presidential pardon from Trump. In response to the new report, Zhao denied Binance’s involvement with World Liberty Financial, as well as the purchase of any World Liberty Financial coins.

Trump-linked $WLFI token gets US$100 million buy from anonymous entity

A little-known group called Aqua 1 Foundation became the largest public investor in World Liberty Financial’s crypto token $WLFI, buying US$100 million worth of the token in late June.

According to Reuters, though the foundation says it is based in the United Arab Emirates, public records offer no clarity on the group’s financial backers or its supposed founder Dave Lee.

The token purchase directly benefits the Trump family, which reportedly receives 75 percent of all $WLFI proceeds; the family’s estimated crypto earnings have now topped US$500 million.

While Aqua 1 said in a brief statement it was backed by ‘mission-aligned partners,’ it declined to offer transparency on its structure, citing privacy. US ethics experts have raised concerns over potential conflicts of interest, despite the White House stating Trump’s assets are in a trust managed by his children.

World Liberty and Trump Media & Technology Group (NASDAQ:DJT) did not respond to press inquiries.

HIVE Digital shares pop on new milestone

Hive Digital Technologies (TSXV:HIVE,NASDAQ:HIVE) opened higher on Friday after the company announced a milestone hashrate of 12 exahashes per second (EH/s), effectively doubling its output since the beginning of the year.

The company anticipates further scaling its operations to achieve 18 EH/s.

This increase in hashrate is already generating over US$250 million in annualized revenue for HIVE Digital. Projections indicate this figure could rise to US$400 million once the 18 EH/s hashrate is achieved.

“We’re building high-performance campuses at hyper speed, turning Paraguay into a global hub for sustainable Bitcoin mining data centers and laying the groundwork for the AI data center era now soaring,” said Frank Holmes, co-founder and executive chair of HIVE, in a press release.

HIVE’s rapidly expanding operations in Paraguay, a region strategically chosen for its abundant and affordable hydroelectric power, are a major driver of its growth and a focal point for the company’s future.

Beyond the technological advancements and production increases, the company is also committed to making a difference in the local communities. “We’re not just building data centers — we’re creating economic opportunity, delivering social impact by lighting the streets of Valenzuela at night and installing air conditioning in local grade schools, and developing digital infrastructure on a scale few thought possible,” said Gabriel Lamas, HIVE’s country president.

EU regulator warns crypto firms over misleading investors

The European Securities and Markets Authority (ESMA) warned crypto platforms against blurring the distinction between regulated and unregulated products under MiCA, the EU’s new crypto framework.

ESMA said many crypto firms are offering both compliant and non-compliant services on the same platform, creating investor confusion and undermining MiCA’s consumer protections. Under MiCA, only firms licensed as crypto asset service providers are allowed to market specific financial products across the EU.

However, direct investments in commodities or crypto lending still fall outside the scope of those protections. ESMA also criticized some firms for using their regulated status as a marketing tactic to legitimize riskier services.

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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(TheNewswire)

 

   

   
     

 

TORONTO, ON TheNewswire – July 14 2025 –Silver Crown Royalties Inc. (‘Silver Crown’, ‘SCRi’, the ‘Corporation’, or the ‘Company’) (Cboe:SCRI,OTC:SLCRF; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the final tranche (‘Final Tranche’) of its non-brokered offering of units (‘Units’) that was previously announced on May 20, 2025 (the ‘Offering’) and issued 132,693 Units at a price of C$6.50 per Unit, for gross proceeds of approximately C$862,505.50.

 

  Each Unit consists of one common share (‘Common Share’) and one Common Share purchase warrant (‘Warrant’), with each Warrant exercisable to acquire one additional Common Share at an exercise price of C$13.00 for a period of three years from the closing date. A total of 235,531Units were issued in accordance with the Offering for cumulative gross proceeds of C$1,530,951.50.  

 

  The proceeds from the Final Tranche will be used to fund the Company’s silver royalty acquisition on the Igor 4 project in Peru, as well as general and administrative expenses. All securities issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The closing was subject to customary conditions, including the approval of Cboe Canada Inc.  

 

  ABOUT Silver Crown Royalties INC.  

 

  Founded by industry veterans, Silver Crown Royalties (   Cboe:   SCRI |   OTCQX:   SLCRF |   BF:   QS0   ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders.   For further information, please contact:  

 

  Silver Crown Royalties Inc.  

 

  Peter Bures, Chairman and CEO  

 

  Telephone: (416) 481-1744  

 

  Email:   pbures@silvercrownroyalties.com  

 

  FORWARD-LOOKING STATEMENTS  

 

  This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, SCRi anticipates that Elk Gold will pay this residual amount owing on or before March 31, 2025. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi’s business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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 are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available.  

 

  This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States   or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.  

 

  CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.  

 

   

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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NVIDIA (NASDAQ:NVDA) became the first publicly traded company to hit a US$4 trillion market cap this week.

Meanwhile, Apple (NASDAQ:AAPL) made headlines with a major leadership change as rumors of a lineup of upcoming product releases circulated, and Meta Platforms (NASDAQ:META) deepened ties with one of its hardware partners.

In the chip market, Huawei is trying to capitalize on the gap left by NVIDIA’s chips in China, while a startup is stepping up its efforts to help meet its ambitious plans to expand artificial intelligence (AI) chip delivery to Saudi Arabia.

1. Apple announces leadership shift

On Tuesday (July 8), Apple announced that Jeff Williams, its longtime chief operating officer, will retire at the end of 2025, ending a tenure that spanned decades and included overseeing hardware, software and operations.

“Jeff and I have worked alongside each other for as long as I can remember, and Apple wouldn’t be what it is without him,” said Apple CEO Tim Cook in a press release. “He’s helped to create one of the most respected global supply chains in the world; launched Apple Watch and overseen its development; architected Apple’s health strategy; and led our world-class team of designers with great wisdom, heart, and dedication.’

Williams will be succeeded by Sabih Khan, Apple’s senior vice president of operations, who has played a key role in managing Apple’s global supply chain.

In other Apple news, Bloomberg reported on Wednesday (July 9) that Apple plans to release its first hardware upgrade to the Vision Pro headset later this year. Anonymous sources say the upgrades will include a a new strap for added comfort, will incorporate the same M4 processor powering newer versions of the iPad Pro, MacBook Pri and iMac, and will incorporate a great number of cores in the neural engine to run AI more effectively.

The company is also working on a lighter version slated for release in 2027, according to the people.

The company is planning a series of product upgrades for the first half of 2026, including a new entry-level iPhone 17e, refreshed MacBook Pros and MacBook Airs with M5 chips and potentially a new external display, according to multiple reports this week. Entry-level iPad and iPad Air will reportedly also receive updates.

2. Meta makes eyewear bet

Meta acquired a nearly 3 percent stake in luxury eyewear maker EssilorLuxottica (EPA:EL), the creator of Ray-Bans and the manufacturing partner for Meta’s smart glasses, including the Ray-Ban Meta and Oakley Meta lines. This is according to a Tuesday report from Bloomberg that cites unnamed sources with knowledge of the matter.

The stake is reportedly worth around 3 billion euros. According to the people, Meta is considering increasing its stake to approximately 5 percent “over time,” but noted that the plans could change.

3. Huawei seeks to step in amid US restrictions

Huawei is reportedly developing a new class of AI chips designed to support more generalized AI workloads, according to the Information, which broke the news on July 5.

According to the report, Huawei’s chip will be built around an architecture resembling that of NVIDIA’s GPU architecture (like Hopper or Blackwell) and Advanced Micro Devices’ CDNA architecture (used in their Instinct GPUs), which would allow Chinese developers to seamlessly incorporate the alternative.

Huawei’s pivot reflects China’s broader effort to bolster domestic chip capabilities as export restrictions from the US limit its access to advanced semiconductors. NVIDIA’s highly sought-after Blackwell GPUs are difficult for Chinese developers to legally acquire, leading to the development of downgraded, China-specific versions and a drive by Chinese firms to secure the chips through other means or source high-end alternatives.

Illustrating these efforts, recent Bloomberg analysis reveals ambitious plans by Chinese companies to acquire over 115,000 high-end NVIDIA chips for dozens of new AI data centers rising in the remote desert regions of Yiwu.

4. Harmonic raises US$100 million for ‘Superintelligence’

Harmonic AI, a stealth-mode AI company co-founded by Robinhood (NASDAQ:HOOD) CEO Vlad Tenev, has raised US$100 million in a Series B funding round led by Kleiner Perkins. Sequoia Capital, Index Ventures and Paradigm also participated in the round, which brought the company’s valuation to US$875 million.

Founded in 2023 by Tenev and Tudor Achim, who previously led autonomous driving startup Helm.ai, the startup is focused on building “smarter” AI models using a concept it calls “Mathematical Superintelligence.’

Its flagship model, Aristotle, is being trained to generate answers grounded in formal mathematical logic. On Bloomberg News, Tenev has said the company’s goal was to build AI systems that can solve the type of complex math problems that currently elude chatbots, eventually expanding its capabilities to physics and computer science.

Harmonic also aims to eliminate chatbot hallucinations through formal verification, a mathematical method that guarantees correct AI system function.

The startup wants to make the model available to researchers and the general public later this year.

5. Groq seeks US$6 billion valuation to fuel Saudi AI ambitions

The Information reported on Wednesday that Groq, a US-based AI chip startup and challenger to NVIDIA, is seeking to raise between US$300 million and US$500 million in a new funding round that would value it at US$6 billion.

Groq’s language processing units (LPUs) are known for their fast inferencing technology.

Unlike general-purpose GPUs, which were originally made for graphics and then adapted for AI, Groq’s LPUs were designed specifically to process language.

According to the report, the funding would help Groq fulfill a US$1.5 billion deal to deliver advanced AI chips to Saudi Arabia. With its ambitious Vision 2030, Saudi Arabia is actively pursuing a role as a global AI and technology hub, driving its interest in obtaining cutting-edge chips.

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

This post appeared first on investingnews.com

The Trump administration is speeding up its efforts to address a nationwide shortage of Air Traffic Controllers. 

Earlier this year, Transportation Secretary Sean Duffy announced a push to hire 2,000 new controllers by the end of the year. 

Inside the Federal Aviation Administration’s Oklahoma City training site, there is cutting-edge simulation technology that gives trainees a real feel for working in the tower. 

According to the FAA, that technology cuts weeks off the time required for certification. Now, federal aviation officials say they’re on track to reach the goal of 2,000 new controllers by mid-September. 

‘Keying up, telling an aircraft to do something is not something that just comes natural to people…It’s learning that phraseology,’ explained Chris Wilbanks, the FAA’s Vice President of Mission Support. ‘It’s making sure that the pilot completely understands the instruction that you just gave him.’ 

Each trainee starts with a 30-day basics course, followed by six to eight weeks of specialized training in both tower and radar operations. 

You impact people’s lives,’ said Wilbanks. ‘They get on an airplane; they make it to their destination safely. They don’t know who got them there, but it’s you.’ 

The push for more air traffic controllers comes as staffing shortages caused delays earlier this year at busy airports such as Newark, New Jersey. 

‘We just put a brand-new simulation in Newark … We do have our problem spots out there. We keep our eyes on it every day,’ Wilbanks said. 

To help meet the demand, Transportation Secretary Duffy launched the Supercharge Initiative earlier this year. Part of that $12.5 billion boost to FAA infrastructure includes $100 million for training. 

July alone has seen the highest number of academy students in training in FAA’s history, with 550 students expected by the end of the month. 

The FAA reports it has shaved more than five months off the administrative process. Students who scored in the top percentile are now being placed into the academy more quickly. 

‘It’s going to take time to address the nationwide controller shortage, but I’m pleased to see our supercharge initiative is taking off. With our new streamlined hiring process, the best and the brightest candidates are starting their careers in air traffic control faster,’ said U.S. Transportation Secretary Sean P. Duffy in a newsletter sent to FOX early Friday. ‘We’ll continue to leverage opportunities big and small to keep chipping away at the shortage to keep our skies safe.’

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President Donald Trump and his team are tackling the messy and bloody world we inherited with historic achievements. Through deftly negotiated truces in the Middle East, Africa and Asia, our recent agreement with NATO and the successful strike on Iranian nuclear facilities, the U.S. is now well positioned to win lasting peace. 

But despite this historic run, tremendous global challenges remain. Russia’s war against Ukraine goes on, and Communist China rattles sabers in the Pacific. 

President Trump needs his full diplomatic team in place, and the time has come to fill the gap at the United Nations with his chosen successor, my friend, fellow veteran, and former House colleague Mike Waltz.

In September, the U.N. will hold its 80th annual gathering of world leaders at the General Assembly in New York, and so that the United States is fully represented, the U.S. Senate should act swiftly to confirm Mike Waltz before their annual August recess.

Mike is the right man for the time we’re living in – and for an America First approach to foreign policy. As I see it, there are six major issues facing the U.N. that Mike will address during his tenure there.

First, the U.N. Security Council must refocus its central mission of settling disputes and brokering deals. No more progressive political signaling.

Second, the U.N. needs to reform its terribly ineffective and toothless ‘peacekeeping’ missions. These security forces sitting on their bases for decades aren’t making dangerous places any safer.

Third, we must counter China in standards-setting bodies. For too long, we have failed to push back on Communist China’s influence. Mike understands the need to be tough with the CCP and I know he will deliver on this front.

Fourth, it is time to dismantle the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) and its $1.2 billion budget. Corruption pervades this sham agency. President Trump has not been shy about calling out other U.N. deficiencies. He pulled the U.S. out of the so-called Human Rights Council and the World Health Organization, and Mike will see to it that we do not engage with such insidious works on his watch.

Fifth, antisemitism itself must be stamped out at the U.N. For too long the corrosive hatred of the Jewish people has festered at the organization. Israel has a right to exist, a right to live free of fear and with peaceful neighbors. 

Finally, it is time to defund foreign aid programs not in line with President Trump’s America First agenda. Woke waste is rampant at the U.N. and the House Foreign Affairs Committee, which I chair, has identified several ridiculous examples. Programs promoting ‘Gender sensitive approaches to addressing the Digital Information Disorder’ and ‘Being LGBTI in the Caribbean,’ for example, need to end and Mike will see that that they do.

Mike dedicated his life to national service. He’s a retired U.S. Army colonel and Green Beret who was awarded four Bronze Stars. He’s spent nearly three decades defending our country on the battlefield and serving the American people in the halls of power. 

The title of Mike’s 2014 book is ‘Warrior Diplomat,’ and at the U.N. it is his understanding of foreign policy that may be his greatest asset. Before joining the Trump administration, he was policy director for two secretaries of defense and was elected three times to Congress, where he served on the Foreign Affairs, Intelligence and Armed Services Committees, as well as the House China Task Force.

Mike is a seasoned operator, a principled America First conservative, and a skilled communicator who is unafraid to take America’s case directly to the world. Mike will be the president’s voice at the U.N. and will faithfully implement President Trump’s agenda while maintaining our historic ‘peace through strength’ philosophy that won the Cold War.

Earlier this year, in an executive order initiating a full review of U.S. involvement in the U.N., President Trump criticized the organization for being more eager to take ideological stances and back our adversaries than to tackle difficult global issues. 

Still, as the president signed the order, he repeated a sentiment he’s expressed frequently since 2017: ‘I’ve always felt that the U.N. has tremendous potential. It’s not living up to that potential right now.’ Realizing that potential will be a big part of Mike’s job as the president’s emissary.

For all its imperfections, the United Nations remains a forum for advancing American interests and challenging our adversaries on the world stage. At this time of global tension and conflict, we need someone smart, tested and clear-eyed representing us there. It’s time to confirm Mike Waltz.

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In his 26th week back in the Oval Office, President Donald Trump is expected to make a ‘major announcement’ related to Russia, hold a meeting with the NATO chief, and join a summit in Pennsylvania as America’s race to lead the world on artificial intelligence continues. 

July 13 marks the one-year anniversary of the first assassination attempt on Trump during the 2024 presidential cycle. Trump spent the anniversary at his home in Bedminster, N.J., before traveling with first lady Melania Trump to the FIFA Club World Cup final on Sunday at MetLife Stadium in the Garden State. 

Trump returned to the White House on Sunday evening and is expected to have another whirlwind workweek. 

MEETING WITH NATO CHIEF

Trump will meet with NATO Secretary General Mark Rutte this week following the U.S. president saying last week that the U.S. is selling weapons to its NATO allies for them to be passed along to Ukraine as it continues battling Russia. 

The NATO chief will be in Washington, D.C., on Monday and Tuesday, and will meet with Trump, Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio, according to The Associated Press. Additional details on the meetings, however, have not yet been publicly released. 

Republican South Carolina Sen. Lindsey Graham said on CBS’ ‘Face the Nation’ on Sunday that Ukraine can expect to see an influx of weapons. Russia first invaded Ukraine in February of 2022. 

‘In the coming days, you’ll see weapons flowing at a record level to help Ukraine defend themselves,’ Graham said on CBS’ ‘Face the Nation. 

‘One of the biggest miscalculations Putin has made is to play Trump. And you just watch, in the coming days and weeks, there’s going to be a massive effort to get Putin to the table.’

Trump and Rutte most recently met in the Netherlands in June for a summit, where the NATO chief showed the makings of a blossoming friendship with Trump, including referring to Trump as ‘daddy’ for his handling of the Middle East. 

‘MAJOR’ RUSSIA ANNOUNCEMENT 

Trump teased last week that he would make a ‘major statement’ on Russia in the coming days as the NATO meetings prepare to kick off this week. 

‘I’m disappointed in Russia, but we’ll see what happens over the next couple of weeks,’ Trump told NBC last week. 

‘I think I’ll have a major statement to make on Russia on Monday,’ he added, without elaborating. 

Graham said in his interview on ‘Face the Nation’ on Sunday that ‘a turning point regarding [the Russian] invasion of Ukraine is coming,’ as Congress works to impose new economic sanctions on Russia to help end the war. 

‘For months, President Trump has tried to entice [Russian President Vladimir] Putin to the peace table. He’s put tariffs against countries that allow fentanyl to come in our country, other bad behavior — he’s left the door open regarding Russia. That door is about to close,’ Graham said on Sunday. 

TRUMP HEADS TO ENERGY AND AI SUMMIT

Trump will head to Pittsburgh on Tuesday for Pennsylvania Republican Sen. Dave McCormick’s inaugural Energy and Innovation Summit hosted at Carnegie Mellon University. 

The event is slated to focus on the U.S. power grid, America bid to win the AI race against China, as well as promoting the Keystone State as an ideal resource to help power the country’s future with AI and energy. 

‘The United States needs to win the artificial intelligence fight. We have to stop China, and we have to win this war for dominance in AI. And the way you win the war for dominance in AI is to win the war for energy dominance. That’s why our focus is on producing more here in the United States,’ said Mike Sommers, CEO and president of the American Petroleum Institute who will attend the summit, told Fox News Business of the event. 

‘Over the course of the last few years, energy demand has only gone up by about 2.5% a year. In the next seven years, we expect that energy demand is going to go up by 25%. The question that policymakers have to answer is: ‘Where is that energy going to come from?’ We think it should come from the United States,’ Sommers added. 

The event is expected to attract protesters, with Carnegie Mellon’s president calling on the school community to continue its history of ‘constructively engaging’ with presidencies across the ‘political spectrum.’

‘We have a history of constructively engaging with the federal government and administrations across the political spectrum. We view these opportunities as consequential to elevating and advancing both Carnegie Mellon’s mission and impact, and we bring to those moments the full measure of our expertise, our values and our voice in service to the nation,’ school president Farnam Jahanian said in a letter previewing the event on Sunday. 

Fox News Digital’s Amanda Macias contributed to this report. 

This post appeared first on FOX NEWS

After more than two decades of serving in the U.S. Navy and building government systems, I have witnessed firsthand how millions of dedicated Americans work every day in service of their fellow citizens and the security of our democracy. I have also seen both the immense potential — and frustrating inertia — that plagues public service. An unrealized opportunity exists to connect the U.S. government’s critical missions with the transformative power of commercial technology. 

Consider this: of the world’s 10 largest companies by market capitalization, a staggering eight are American founded. This is no accident; it is a direct result of our nation’s unparalleled entrepreneurial spirit. The critical question, however, is whether our own government is prepared to harness this strategic asset.  

Instead of tapping this engine of innovation, the U.S. government is held captive by its outdated processes. Entrenched legacy vendors have dug their claws in, and this has led to a general resistance to change. As the saying goes, ‘it takes a while to turn a big ship around.’  

That rings true with actual warships and aircraft carriers, but it also applies to how government agencies resist adopting new tools that improve collaboration, efficiency and security. Instead, the U.S. government and its outdated procurement processes cling to existing technology platforms, such as Microsoft’s suite of products that have been compromised time and again by China, which also happens to be one of the company’s most significant business partners. 

Breaking the shackles of ‘vendor lock-in’ — where the government becomes overly reliant on specific vendors even if they underperform — is crucial for fostering a new era of innovation that benefits America. When a company or product fails to perform well in the commercial sector, it’s terminated immediately.  

In the public sector, the company is usually allowed to see out their multi-year contracts and when it’s finally time to negotiate a renewal, all is forgotten. A more competitive public sector landscape, welcoming innovators and startups, can provide fresh perspectives, specialized solutions, and the speed to address rapidly evolving challenges. 

This is not a unique approach. Other nations are adopting this model, attempting to gain an edge over America. For example, China launched a program in 2023, with 39 partners, including Alibaba Cloud and Baidu, to advance computing power and AI.  

Russia subsidizes companies implementing digital transformation; and Iran, despite sanctions, is investing significantly in AI research and building a sovereign AI ecosystem. Our adversaries recognize that commercial tools drive rapid progress and are actively breaking down barriers to catch up to American AI leadership. 

There are understandable reasons for hesitancy. For years, Silicon Valley has been closely associated with the ‘move fast and break things’ mantra, while the U.S. government has looked on with both envy (of the speed and efficiency) and concern (over potential impacts to its services). However, learning from the commercial mindset of agility and a relentless drive for improvement will help it to serve the American public better. The benefits? Reduced waste, greater efficiency and better taxpayer value.  

Nowhere is this approach more critical than in national security. The threats America faces are constantly evolving and leveraging emerging technology to do so. Maintaining our edge requires more than just incremental improvements; it demands continuous access to cutting-edge capabilities.  

Leveraging the R&D engines of American commercial innovation — in areas like AI, cybersecurity, data analytics and resilient infrastructure — is not just advantageous; it’s essential. If Washington fails to leverage this homegrown ingenuity, it does so at our national peril, especially as our adversaries work tirelessly to do just that. 

Other nations are adopting this model, attempting to gain an edge over America. For example, China launched a program in 2023, with 39 partners, including Alibaba Cloud and Baidu, to advance computing power and AI. 

Government agencies tasked with everything from defending the nation to delivering health services need to have immediate access to the latest advancements in AI and data analytics, and they can only do so by leveraging powerful commercial tools with a platform for continuous improvement — an asset for national security and public service. 

AI could be used to accelerate some of the government’s most notorious backlogs, such as the millions of immigration court cases, the accumulation in environmental reviews for energy projects, and pileups in programs like Social Security or Veterans Affairs healthcare. AI can analyze data at lightning speed, helping federal agencies and their partners deliver on mission-critical work at an accelerated pace.  

The urgent need for a more agile, efficient, innovative and secure government is too significant to ignore. This is a pivotal moment. By embracing the discipline, accountability, and innovative spirit of the commercial sector, the U.S. government can unlock new levels of performance and effectiveness. Change is hard. But as adversaries gain on America — or worse, overtake us — change is mandatory.  

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President Donald Trump said the United States will be sending Patriot missiles to Ukraine while describing Russian President Vladimir Putin as a leader who ‘talks nice, and then he bombs everybody in the evening.’ 

Trump made the remarks as NATO Secretary General Mark Rutte is planning to meet with the president during a visit to Washington, D.C. Monday and Tuesday. Last week, Trump revealed a new NATO deal that would allow U.S. arms to flow to Ukraine through allied nations. 

‘I’m going to have a meeting with the Secretary General coming in tomorrow. But we basically are going to send them various pieces of very sophisticated military. And they are going to pay us 100 percent for them. And that’s the way we want it,’ Trump told reporters on Sunday. 

‘I haven’t agreed on the number yet, but they’re going to have some. Because they do need protection. But the European Union is paying for it. We’re not paying anything for it. But we will send it, and it’ll be good news for us, we will send them Patriots, which they desperately need,’ Trump added in reference to Ukraine. 

‘Because Putin had really surprised a lot of people. He talks nice, and then he bombs everybody in the evening. It’s a little bit of a problem there, I don’t like it,’ Trump also said. 

Trump said last Thursday that under the new NATO deal, ‘what we’re doing is the weapons that are going out are going to NATO, and then NATO is going to be giving those weapons [to Ukraine], and NATO is paying for those weapons.’ 

The developments came after the Pentagon previously froze some shipments of critical weapons to Ukraine, including Patriot missile interceptors and 155 mm artillery shells.  

The halt was driven by Under Secretary of Defense for Policy Elbridge Colby after a review of U.S. munitions stockpiles that showed dangerously low reserves, Politico first reported in early July. 

Then the Pentagon reversed course about a week later. 

‘At President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops,’ Pentagon Spokesman Sean Parnell said. ‘Our framework for POTUS to evaluate military shipments across the globe remains in effect and is integral to our America First defense priorities.’ 

Fox News’ Caitlin McFall, Jasmine Baehr and Jennifer Griffin contributed to this report. 

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LONDON/NEW YORK, July 11 (Reuters) – Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump’s threat of a 35% tariff on the textile hub disrupts business.

Bangladesh is the third-largest exporter of apparel to the United States, and it relies on the garment sector for 80% of its export earnings and 10% of its GDP. The factory owners all said they expected orders to fall if the August 1 tariffs go into effect, as they are unable to absorb that 35% rate.

Iqbal Hossain, managing director of garment manufacturer Patriot Eco Apparel Ltd, told Reuters an order for nearly 1 million swim shorts for Walmart was put on hold on Thursday due to the tariff threat.

“As we discussed please hold all below Spring season orders we are discussing here due to heavy Tariff % imposed for USA imports,” Faruk Saikat, assistant merchandising manager at Classic Fashion, wrote in an email to Hossain and others seen by Reuters. Classic Fashion is a supplier and buying agent that places orders for retailers.

“As per our management instruction we are holding Bangladesh production for time being and IN case Tariff issues settled then we will continue as we planned here.”

The hold was not decided by Walmart, Saikat told Reuters, but by Classic Fashion itself.

Walmart did not respond to a request for comment.

Bangladesh is currently in talks with the United States in Washington to try to negotiate a lower tariff. Trump in recent days has revived threats of higher levies on numerous nations.

“If the 35% tariff remains for Bangladesh, that will be very tough to sustain, honestly speaking, and there will not be as many orders as we have now,” said Mohiuddin Rubel, managing director at jeans manufacturer Denim Expert Ltd in Dhaka.

Rubel, whose company produces jeans for H&M HMb.ST and other retailers, said he expects clients will ask him to absorb part of the tariff, but added this would not be possible financially. Manufacturers have already absorbed part of the blanket 10% tariff imposed by the U.S. on April 2.

“Only probably the big, big companies can a little bit sustain (tariffs) but not the small and medium companies,” he said.

Retailers have front-loaded orders since Trump returned to the White House, anticipating higher tariffs. Jeans maker Levi’s LEVI.N, which imports from Bangladesh, said on Thursday it has 60% of the inventory it needs for the rest of 2025.

U.S. clothing imports from Bangladesh totaled $3.38 billion in the first five months of 2025, up 21% from the year-earlier period, according to U.S. International Trade Commission data.

Another Dhaka-based garment factory owner said an importer with whom he was negotiating a spring 2026 order of trousers for Walmart asked him on Thursday to wait a week before the order would be confirmed due to the tariff risk.

Hossain said he may look for more orders from European clients to make up for lost orders if the U.S. 35% tariff gets implemented, even if he has to cut prices to stimulate demand.

(Reuters reporting by Helen Reid in London and Siddharth Cavale in New York; Editing by David Gaffen and Matthew Lewis)

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NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today announced that its Board of Directors approved the grant of equity incentive awards pursuant to the Company’s Equity Incentive Plan (the ‘Plan’).

The Company has granted an aggregate of 5,078,913 deferred share units (‘DSUs’) pursuant to the Plan to non-executive directors of the Company in lieu of cash compensation for their services rendered in 2024. Satisfying the compensation in share-based compensation is part of the Company’s ongoing efforts to reduce costs. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of the Company.

The grant of DSUs is subject to the approval of the TSX Venture Exchange.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSXV under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, and the timing of the release of the Company’s financial results. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.com. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:
Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258672

News Provided by Newsfile via QuoteMedia

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