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Allied Gold (TSX: AAUC) is set to begin trading on the New York Stock Exchange starting Monday, June 9, after obtaining all regulatory approval. The stock will trade under the ticker symbol “AAUC” — same as its Toronto-listed shares. In a press release issued Tuesday, Allied said the NYSE listing approval “represents a significant milestone” that reflects the continued growth of its business. The Canadian gold miner currently operates three producing assets and development projects located in Côte d’Ivoire, Mali and Ethiopia. Together, they hold approximately 11 million oz. in reserves. In preparation for the NYSE listing, the company announced last month that it will consolidate its issued shares on a three-for-one basis. As of midday Tuesday, the TSX-listed shares traded at C$20.64 each for a market capitalization of C$7.1 billion. Once listed on the NYSE, Allied’s shares on the OTC market will cease trading.

First Quantum Minerals (TSX: FM) will spend approximately $20 million a month to maintain its idled Cobre Panamá copper mine under a recently approved care and maintenance plan. Roderick Gutiérrez, president of the Panamanian Mining Chamber, said the cost would be covered by selling copper concentrate stored at the site. The company currently has 121,000 tonnes of concentrate, though some has deteriorated after nearly two years of inactivity. Reprocessing the degraded material may not be economically feasible, Gutiérrez noted in an interview with local media. The care mine plan includes updated environmental and legal protocols and is expected to take six to twelve months to implement, depending on equipment conditions. Oversight will involve ten government agencies, including Panama’s Ministry of the Environment. Cobre Panamá, a $10-billion open-pit operation, was shuttered by presidential decree in late 2023. Before its closure, the mine accounted for roughly 5% of Panama’s GDP and generated about 40% of First Quantum’s annual revenue. Its shutdown has severely impacted both the company and the national economy. Current President José Raúl Mulino has expressed interest in renegotiating the mine’s future under a model that prioritizes national ownership. “Let’s be smart and get the most benefit as Panamanians from a mine we already have,” Mulino said in May. The President warned that fully closing the mine could take up to 15 years due to its scale and economic significance. The operation had supported tens of thousands of direct and indirect jobs. Before the forced halt of operations, Cobre Panamá produced more than 330,000 tonnes of copper and was on track to reach an annual throughput of 100 million tonnes by the end of 2024, placing it near the top of the world’s copper throughput ranking.

XRP’s price is now looking to break above $2.20 again after inching a few moves upwards in the past 24 hours. Notably, the cryptocurrency’s price action has seen a volatile movement over the past week. After briefly rallying above $2.65 earlier in May, XRP failed to sustain its momentum, instead trending downwards until it rebounded at $2.10 on the last day of May. Amid this backdrop of price action, there have been discussions around the timing for the next major price movement for XRP. A fresh outlook by a crypto analyst suggests XRP investors should pay attention to June 3 to June 6. Crypto Analyst Predicts Timeline For XRP Bottom And Breakout A crypto analyst known pseudonymously as WatersAbove has drawn attention to specific calendar dates that could play important roles in XRP’s short-term and long-term price trajectories. Taking to the social media platform X to share his outlook, the analyst suggested that June 4th to 6th could mark the bottom for XRP before there is any significant upside. However, aside from this bottom, what’s more important is the potential price manipulation that could take place within this period. According to the crypto analyst, this particular window between June 3 and June 6 will likely be characterized by market manipulation, as larger players may be attempting to shake out weak hands ahead of a more decisive rally. “In the meantime, watch out for this week ahead,” the analyst said. Although WatersAbove did not accompany the prediction with any technical chart, the confidence in his tone resonates among XRP investors who are closely watching these dates for signals of a bottom, as shown in the post’s comments. Straight Line Breakout To $10 For XRP What made the analyst’s prediction even more interesting was the projected price target and timing after the manipulation is over. According to the analyst, XRP could be on a straight-line trajectory to $10 by late July or early August, nearly a 5x move from current levels. This kind of breakout, if it occurs, would mirror XRP’s explosive run in Q4 2024 and also back in 2018. However, this time would require much more inflows that can be gotten from institutional backing. Interestingly, the analyst’s prediction is that the rally will start sometime around June 18 in a straight-line breakout manner. Although the prediction is bold, it’s not the first time such a target has been floated by long-time XRP supporters. According to a similar analysis by EGRAG CRYPTO, XRP is on the verge of a breakout to double digits in the coming months. Crypto analyst Dark Defender also highlighted a new wave structure that could send the XRP price towards the $18.22 to $23.20 price range in the short term. On the other hand, crypto analysts like Dr Cat (@DoctorCatX) are less bullish. Notably, the analyst’s technical analysis suggests that any bull run for XRP might be delayed until November 2025. At the time of writing, XRP is trading at $2.20, up by 1.63% in the past 24 hours. A surge to the analyst’s $10 price target would translate to a 350% increase from the current price.

While AUDCAD isn’t among the highest-volume pairs in Forex, it’s often in the lesser-traded instruments that sharp traders find unique opportunities. Commodities heavily influence the Australian and Canadian dollars, as both nations are major exporters. The AUD tends to react more to moves in industrial metals—especially copper—while the CAD is tied to oil price fluctuations. Beyond commodities, the currencies are driven by their respective economic ties: Canada is closely linked to trends in the U.S., whereas Australia is more sensitive to developments in China. In the absence of fresh geopolitical shocks, traders are focusing on central bank policy divergence and incoming economic data. On that front, the Bank of Canada paused its rate-cutting cycle at its last meeting after starting in June 2024. Its next decision is due Wednesday, June 4, and markets widely expect another hold, as the BoC remains in wait-and-see mode following the latest U.S. tariff changes. Meanwhile, the Reserve Bank of Australia kicked off its own cutting cycle in May 2025 with a 25 bps cut and signaled more may follow. This gives the pair a bearish tilt, though sentiment remains cautious until the economic impact of tariffs becomes clearer. Let’s dive into the charts and examine AUDCAD across higher timeframes, starting from the weekly view to the 4-hour chart. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Let’s get one thing straight right off the bat: I’m here to help you think about money the right way—not through emotion, but with wisdom, patience, and a long-term plan. Now, I get this question all the time: “Should I invest in gold?” And my answer is: Yes – but only if you’re completely out of debt, you have a full emergency fund, and you already have over $10,000 in your 401(k) and Roth IRA. Let me explain. Gold Is a Hedge—Not a Get-Rich-Quick Scheme Gold isn’t magic. It doesn’t pay dividends. It won’t skyrocket overnight. And that’s okay. Because gold isn’t meant to make you rich—it’s meant to help you protect what you’ve already built. When inflation rises, when the dollar wobbles, when the market takes a hit—gold tends to hold steady. That’s what we call a hedge. It’s like putting a storm shelter in your financial backyard: you hope you never need it, but if things go sideways, you’ll be glad it’s there. When the Dollar Goes Down, Gold Typically Goes Up One of the biggest threats to your money is inflation. That’s just a fancy way of saying your dollars buy less over time. You feel it at the grocery store, at the gas pump—everywhere. Gold, on the other hand, has held its value for thousands of years. While paper currencies have come and gone, gold has remained valuable through every crash, war, and recession. That kind of historical track record isn’t hype—it’s just truth. How Should Gold Fit Into Your Plan? Here’s the deal: I never recommend putting all your money into one place. That’s just asking for trouble. Diversification is a key part of building long-term financial peace. If you’re investing 15% of your household income, a small portion of that can go into gold— once your retirement accounts are taken care of. The key is this: gold should be a supplement, not the foundation. Think of it like seasoning on your steak—not the whole meal. What to Watch Out For There are a lot of people out there trying to sell you fear. “Buy gold before the dollar crashes!” or “Gold is your only protection!” Let me be clear: Fear is not a financial strategy. You don’t build wealth by panicking. You build it with discipline, patience, and common sense. So if someone is trying to sell you gold like it’s a miracle cure—run the other way. Instead, work with a trusted, reputable company like American Bullion, and only invest in physical gold you can hold—not leveraged accounts or gold-backed crypto schemes. Final Thoughts: Use Gold Wisely Gold won’t make you rich overnight, and it shouldn’t be your first step toward financial peace. But once you’ve got a strong foundation—no debt, an emergency fund, and solid retirement investments—then adding gold to your portfolio can be a smart move. It’s not flashy. It’s not risky. And that’s exactly why it works. Remember: You can’t out-invest stupidity. Stay focused. Stay patient. Build wealth the right way with the trusted team at American Bullion. The post Why Gold Can Be a Smart, Steady Investment first appeared on American Bullion.

Italy’s Mount Etna, Europe’s tallest and most active volcano, erupted this week in a spectacular display, sending plumes of ash and gas high into the Sicilian sky and captivating onlookers with one of its most dramatic outbursts in years. The eruption originated from the volcano’s southeast crater, where a combination of a white ash plume and a grey cloud, resulting from a crater collapse and subsequent avalanche, produced a powerful pyroclastic flow. While pyroclastic flows are highly dangerous due to their heat and mobility, the event occurred in an uninhabited area. Boris Behncke from Italy’s National Institute of Geophysics and Volcanology, told The Times that the episode, though visually striking, was relatively normal. Regional officials confirmed that lava flows remained within natural containment zones and posed no threat to the public. Civil protection authorities warned tourists to stay away due to potential eruption developments. Some residents and visitors were unnerved, especially by black smoke that followed the initial plume. Marked by intensifying explosions, the eruption represents the most significant Mount Etna has had in since 2014. The timing during Italy’s national holiday, Festa della Repubblica, meant that many tourists were present on the volcano’s slopes. Dramatic images and videos showed visitors running down the slopes while others casually observed and took photographs from nearby vantage points. Hidden riches beneath While eruptions like Etna’s can be disruptive, they also reveal the rich mineral composition of the Earth’s interior. Volcanic activity brings to the surface materials from deep within the Earth, offering scientists a unique opportunity to study the planet’s inner workings. Mount Etna’s lava is particularly intriguing. Unlike many of Italy’s volcanoes, which are formed by the subduction of the Ionian Sea beneath the country, Etna’s origins are more complex. Geochemists have found that Etna’s lavas are rich in magnesium and iron, elements typically found deep in the mantle, as well as potassium, which is more common in the crust. This unique composition suggests that Etna taps into both deep mantle sources and crustal materials, making it a valuable site for studying the Earth’s geology. Volcanic regions like Etna are known to be rich in various minerals and elements. Mount Erebus, one of the world’s most active volcanoes, is estimated to spew around 80 grams of gold into the frigid air of Antarctica on a daily basis, according to studies. The McDermitt Caldera, a large volcanic crater measuring roughly 45 km long and 35 km wide in southeastern Oregon and northern Nevada, is said to contain the world’s largest lithium reservoir inside an ancient supervolcano. READ ALSO: Iron-rich volcanoes may hold vast rare earth reserves, study finds How a lake and a volcano produced a rare mineral on Mars Mining brines from dormant volcanoes could provide battery metals, gold ‘Bubbly’ magmas may lead exploration teams toward untapped copper deposits

The picture for currencies today is the exact reverse of yesterday - with traders fading extremes and booking profits before events like the upcoming NFP. Safe-Haven majors like the CHF and JPY are lagging on the day with the USD leading, closely followed by the CAD - the Euro is right in the middle of the currency board down 0.55% on the day. The ECB Meeting is coming up on Thursday 5th of June with broad expectations of a 25 bps cut before pausing in the July meeting - taking the Deposit Rate from 2.25% to 2%. We will get the Rate Decision at 8:15. We got the overnight Eurozone Inflation report with the Headline CPI coming in just below 2% - the ECB will want to make sure to push these numbers up slightly, although the Central Bank probably has taken into account the lag for new inflationary boosts from Tariffs on exports to the US. Let’s take a look at the levels from Daily to Hourly charts to prepare for what’s next. close EURUSD 4H Chart, June 3, 2025. Source: TradingView /media/images/Screenshot_2025-06-03_at_11.04.32AM.width-1400.png EURUSD 4H Chart, June 3, 2025. Source: TradingView Prices just rejected the higher bound of the range and are now consolidating at the low of the upward channel. Broad USD strength seems to be more on a mean-reversal basis therefore I am not expecting to see much direction. Prices may try to test the MA 200 situated 300 pips from here therefore keep that one on your 1H charts. Momentum is close to oversold on the hourly timeframe - keep in mind that markets tend to fade extremes going into key data, and NFP will still be looming on Friday - keep a close eye on the language from the ECB on Thursday, the conference is at 8:45 A.M. on the 5th of June. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Graphite One (TSXV: GPH) surged on Tuesday after the company announced its mine project has been approved for listing on the US government’s FAST-41 dashboard, becoming the first critical minerals project in Alaska to obtain this status. FAST-41 is designed to streamline a project’s permitting process by improving federal agency coordination and timeliness of environmental reviews. The dashboard is set up to increase the transparency of procedures for agencies, thereby reducing the potential for delay and unpredictability in issuing permits. “The approval of Graphite Creek as FAST-41’s first Alaskan mining project is a major step for G1 and our complete US-based supply chain strategy,” said Anthony Huston, Graphite One’s CEO, in reference to the company’s large graphite deposit located in the Kigluaik Mountains of the Seward Peninsula. Shares of Graphite One soared 10.8% to C$0.92 apiece by 11:40 a.m. ET on the news, for a market capitalization of C$131.6 million. The approval follows Graphite One’s recent submission of a feasibility study (FS) on the project, which it completed 15 months ahead of schedule with support from the Department of Defense. The study outlined an annual production capacity of 175,000 tonnes in concentrate over 20 years for the Graphite Creek mine. This estimate is based on a three-hold increase in measured and indicated resources compared to the pre-feasibility study in 2022, at nearly 4.8 million tonnes of graphite, reinforcing its status as the largest graphite deposit in the US. Based on the improved resource, the FS projected a post-tax internal rate of return of 27%, using an 8% discount rate, with a net present value of over $5 billion and a payback period of 7.5 years. First production from Graphite Creek is anticipated in 2030. In support of Graphite One’s project, Alaska Governor Mike Dunleavy commented: “America’s dependency on foreign minerals and metals is a drag on our economy and a danger to our national security.” “As the largest natural graphite deposit in the nation, adding Graphite Creek to the FAST-41 permitting dashboard sends a strong signal that Alaska is key to US critical mineral development,” he added. The deposit is the first link in Graphite One’s planned vertically integrated operation to produce lithium-ion battery anode materials and other graphite products for the US market. The second link is an advanced manufacturing facility located in Ohio.

A surge of stablecoin transactions marked May as a standout month for the crypto sector. It moved beyond mere token swaps. Lots of people and services turned to dollar-pegged coins for moving value. Activity hit fresh highs, hinting that stablecoins are now the main channel for on-chain payments. Spike In Wallet Activity According to Artemis data, more than 33 million wallets sent or received stablecoins during May. That’s a big jump compared with earlier months. It shows more folks are leaning on these digital dollars than on native tokens. Many traders, DeFi users, and everyday people tapped stablecoins to keep their funds tied to the US dollar. This wave of usage also came as the wider market showed signs of life, with prices slowly rising and confidence climbing. Shift To Faster Networks Based on reports, BNB Smart Chain counted over 10 million active wallets for stablecoin moves early in May. TRON came very close, with a little over 9 million wallets during that same stretch. These two networks are cheap and quick. Folks want to dodge higher fees on older chains. By month’s end, both BNB Smart Chain and TRON could top those numbers again. That trend speaks to growing demand for fast, low-cost payments and DeFi deals. Ethereum simply can’t match these lower fees right now. Stablecoin Supply Growth Stablecoins also saw more tokens enter circulation. The total supply grew to $244 billion, up nearly 3% in just one month. But not all coins minted equally. Tether’s USDT remained the heavyweight champion. It added nearly $4 billion to its total supply in May alone. Most of that new USDT landed on TRON. Today, TRON holds nearly $78 billion in USDT, while Ethereum carries $73 billion. In sum, USDT’s overall supply now tops $153 billion and added tokens almost every day. USDC moved in the opposite direction. Its supply dipped slightly, thanks to outflows on Solana. Still, USDC keeps about $60 billion circulating across all its chains. Payments And Bridges Overtake Cards Stablecoins didn’t just grow in supply and usage. They carried huge volumes of payments. Over the past 30 days, those coins moved over $2 trillion worth of value. That level beats what many debit and credit cards handled in the same span. For example, Visa’s volumes were lower than what stablecoins saw. Plus, USDC’s cross-chain moves spiked. The CCTP bridge saw $7.7 billion flow through it, up 83% month-on-month. That rush of bridging means more people are shuttling dollars between networks for trades, lending, or simple transfers. Featured image from ETF Stream, chart from TradingView

In recent years, there has been a growing interest in precious metals, not only as investment options but also for their use in various industries. Platinum and palladium are two of the most popular white metals in this category. This comprehensive article compares these two metals to help consumers and investors make informed decisions. We will discuss their physical and chemical properties, price and availability, industries that prefer one metal over the other, tips for maintaining platinum and palladium jewelry, and the future outlook for both metals. Physical and Chemical Properties Platinum and palladium are part of the platinum group metals (PGMs), known for their unique properties. For example, these metals are known for their high resistance to corrosion, excellent electrical conductivity, and exceptional catalytic properties. Here, we delve into platinum and palladium specific physical and chemical properties. Platinum: Atomic number: 78 Atomic weight: 195.084 Melting point: 1,768°C (3,214°F) Density: 21.45 g/cm³ Color: Silvery-white Hardness: 4-4.5 on the Mohs scale Malleability: High Platinum is a dense, malleable, and ductile metal, making it suitable for various automotive, jewelry, and chemical applications. In addition, it is highly resistant to tarnishing and corrosion, which makes it ideal for long-lasting jewelry and other applications in harsh environments. Palladium: Atomic number: 46 Atomic weight: 106.42 Melting point: 1,554°C (2,829°F) Density: 12.02 g/cm³ Color: Silvery-white Hardness: 4.75 on the Mohs scale Malleability: High Palladium shares many similarities with platinum, including its silvery-white color and high resistance to corrosion. However, it is lighter and less dense than platinum, which can be advantageous for specific applications. It also has slightly higher hardness, making it more resistant to scratches and wear. Price and Availability: Which Metal is More Cost-Effective? The price and availability of platinum and palladium can significantly impact their demand and applications. Both metals are rare, but their prices fluctuate due to various factors, including market demand, geopolitical tensions, and mining production. Platinum is often more expensive than palladium because of its rarity and higher production costs. Platinum mines are primarily located in South Africa, Russia, and Zimbabwe, with South Africa accounting for around 75% of the global supply. The mining process is labor-intensive, and platinum production is susceptible to labor strikes, power outages, and other issues that can limit supply and increase prices. Conversely, Palladium is more abundant than platinum and is often a byproduct of nickel and copper mining. Therefore, it allows for a more consistent supply of the metal, which can help keep prices more stable. In recent years, however, the demand for palladium has increased due to its use in automotive catalytic converters, leading to price fluctuations and, at times, surpassing platinum prices. Investors and consumers should consider current market prices and long-term trends when deciding which metal is more cost-effective for their needs. However, it is essential to remember that prices can change rapidly due to external factors and the overall state of the global economy. Industries That Prefer Platinum and Palladium Different industries prefer platinum or palladium based on their specific requirements and applications. Here, we discuss some of the key industries that use these metals and their reasons for choosing one over the other. Automotive Industry: The automotive industry is a significant consumer of both platinum and palladium, primarily for their use in catalytic converters. These devices reduce harmful vehicle emissions by converting pollutants into less toxic substances. While both metals can serve this purpose, palladium has become the preferred choice due to its lower cost and effectiveness in gasoline engines. However, platinum remains the desired metal for diesel engines due to its higher resistance to sulfur poisoning. Jewelry Industry: In the jewelry industry, platinum and palladium create stunning and durable pieces. Platinum has long been the preferred choice for high-end jewelry, particularly wedding and engagement rings, due to its density, durability, and naturally white sheen. However, palladium has recently gained popularity as a more affordable alternative to platinum. In addition, its lighter weight and hypoallergenic properties make it an attractive option for those with sensitive skin or budget constraints. Chemical Industry: The chemical industry uses platinum and palladium for their exceptional catalytic properties. Platinum is often used to produce nitric acid, silicone, and benzene, while palladium is frequently employed in manufacturing pharmaceuticals and electronic components. The choice between the two metals depends on the specific chemical process and the desired outcome. Electronics Industry: Both platinum and palladium are used in the electronics industry for their excellent electrical conductivity and corrosion resistance. Platinum is often found in thermocouples, fuel cells, and other high-temperature applications, while palladium is commonly used in multi-layer ceramic capacitors, plating connectors, and other electronic components. Tips for Keeping Your Platinum and Palladium Jewelry in Top Condition Proper care and maintenance are crucial to ensuring the longevity and beauty of your platinum and palladium jewelry. Here are some tips for keeping your precious pieces in top condition: Clean your jewelry regularly: Use mild soap and warm water to clean your platinum and palladium jewelry gently. Use a soft brush to remove dirt and grime, then rinse thoroughly and pat dry with a soft cloth. Avoid harsh chemicals or abrasive cleaners that can damage the metal’s surface. Store your jewelry correctly: Keep your platinum and palladium jewelry in a fabric-lined jewelry box or separate compartments to prevent scratches and damage from contact with other pieces. Store your jewelry away from direct sunlight and extreme temperatures to avoid tarnishing. Remove jewelry during activities: Take off your platinum and palladium jewelry when engaging in activities that may cause damage, such as sports, gardening, or cleaning. This will help prevent scratches, dents, and other damage. Have your jewelry inspected regularly: A professional jeweler must inspect your platinum and palladium jewelry at least once a year. They can check for loose stones, damaged prongs, and other potential issues requiring repair. Polish your jewelry: While platinum and palladium resist tarnishing, they can develop a natural patina over time. Have your jewelry professionally polished to restore its original luster and shine. Platinum vs. Palladium in 2025 and Beyond The demand for platinum and palladium will continue growing as we look toward the future due to their diverse applications and unique properties. The automotive industry’s ongoing shift towards electric vehicles may impact platinum and palladium demand, but both metals are likely to remain essential in other industries. Platinum is projected to regain some of its lost ground in the automotive industry as new emission standards require more efficient catalytic converters. Additionally, its use in fuel cells, gaining traction as an alternative energy source, could bolster platinum demand in the coming years. Palladium is expected to continue its dominance in gasoline-engine catalytic converters as stricter emission regulations drive the need for more efficient converters. In addition, the growth of the electronics industry, particularly in emerging markets, is also anticipated to boost palladium demand. In the jewelry industry, platinum will likely remain the premium choice for high-end pieces due to its prestige and enduring appeal. However, the popularity of palladium as a more affordable and hypoallergenic alternative is expected to grow, particularly among younger consumers and those with budget constraints. Investors should closely monitor the market trends, technological advancements, and geopolitical factors that may impact the supply and demand for both metals. Diversifying one’s investment portfolio to include both platinum and palladium could be a prudent strategy, as each metal’s unique properties and applications provide a hedge against potential market fluctuations. In conclusion, platinum and palladium have distinct advantages and applications across various industries. While platinum is often considered the more prestigious and valuable of the two, palladium’s growing popularity as a cost-effective and versatile alternative must be addressed. As we look towards the future, the demand for both metals will remain strong, driven by their unique properties and diverse applications. By understanding the differences between platinum and palladium, investors and consumers can make informed decisions that best suit their needs and preferences. If you are interested in learning more about gold and other precious metals, American Bullion is a great resource. They offer a wide range of products and services, including gold and silver coins and bars, as well as IRA services. They also have a team of knowledgeable professionals who can help you navigate the market and make informed decisions about your investments. Contact American Bullion today to learn more about how you can diversify your portfolio with precious metals. The post Platinum vs. Palladium: 2025 Comparison first appeared on American Bullion.

Energy Fuels (NYSE: UUUU; TSX: EFR) shares rose more than 8% on Tuesday after the company reported its highest-ever monthly uranium production. In May, the company’s Pinyon Plain mine in Arizona produced nearly 260,000 pounds of uranium oxide (U₃O₈), a new monthly record. The strong output pushed Energy Fuels’ share price to C$7.23 ($5.27), up 8.23% on the Toronto Stock Exchange, giving the company a market cap of C$1.06 billion ($0.77). So far in 2025, Pinyon Plain has yielded 478,384 pounds of U₃O₈ from approximately 12,461 tons of ore, averaging a grade of 1.92% U₃O₈. That translates to a five-month production rate of about 96,000 pounds per month, with output surging to over 200,000 pounds per month in April and May. However, the company cautioned that such high production levels are unlikely to continue. Energy Fuels cited constraints including a shortage of ore haulage trucks, compliance requirements under its agreement with the Navajo Nation, stockpile limits, and the need for further underground development and exploration to access new ore zones. In addition to its production update, Energy Fuels released a new technical report for its Bullfrog Project in Utah. The report, dated May 2025, shows Indicated Resources of 10.5 million pounds of eU₃O₈ at an average grade of 0.30%, and Inferred Resources of 3.4 million pounds at 0.28%. Compared to the previous report from February 2022, this marks a 15% increase in Indicated Resources and a 70% jump in Inferred Resources. Bullfrog remains in the permitting stage. Energy Fuels also owns the White Mesa Mill, the only fully licensed and operating conventional uranium mill in the United States.

Sophon SOPH skyrockets 10X after launch and token listing on OKX and Binance. The Ethereum layer-2 wants to be the go-to platform for entertainment dapps and is simplifying onboarding. While everyone is watching Bitcoin, Solana, BNB, and some of the best cryptos to buy in June, Sophon is making remarkable moves. Coincidentally, the Sophon rally is when the total crypto market is down 1.3% to $3.4 trillion at press time, with meme coins like Dogecoin falling. DISCOVER: Top Solana Meme Coins to Buy in June 2025 SOPH Up 10X After Listing SOPH, the native token, is up nearly 10X at press time, outperforming even some of the best Solana meme coins. The rapid expansion seen on May 28 has yet to be confirmed. Currently, the token is moving sideways. Although bulls are optimistic, the local resistance is at $0.07. It must be decisively broken for buyers to confirm gains from late last month. 24h7d30d1yAll time On the lower end, primary support is at $0.048. For the upside to continue, Sophon bulls must defend this level. If not, prices could drop by over 50%, reversing the gains of May 28. DISCOVER: Best New Cryptocurrencies To Invest In 2025 What Is Sophon? It is an Ethereum layer-2 solution built using zkSync tech, adopting the Elastic Chain architecture. Its goal is to bridge web2 and web3 experiences while tapping into the vast Ethereum ecosystem. Every project building on it will receive a comprehensive AI security review before launch. DISCOVER: Best New Cryptocurrencies to Invest in 2025 – Top New Crypto Coins Sophon SOPH Up 10X: Why Is This Ethereum Layer-2 Rallying SOPH explodes 10X after launching SOPH trading on multiple exchanges, including OKX and Binance Sophon is an Ethereum layer-2 targeting entertainment dapps Will it attract developers? Partners with Octane Security for instant AI security review The post Sophon SOPH Surges After Launch and Listing: What’s Driving Prices? appeared first on 99Bitcoins.

CoinRoutes chief executive Dave Weisberger detonated a fresh round of anxiety in the XRP market on Monday when he asked, on Scott Melker’s podcast, whether Ripple Labs could finance a takeover of Circle “for $10 to $20 billion” without off-loading roughly $10 billion in XRP. “Who’s going to buy the $10 billion worth of XRP they would need to sell out of their treasury?” Weisberger said, warning that a sudden supply surge could overwhelm order books and “hammer the price.” Is A XRP Sell-Off Conceivable? Within hours, pro-XRP attorney Fred Rispoli fired back on X. “I love @daveweisberger1, but on this point he is mcgloning so hard,” he wrote, invoking Bloomberg strategist Mike McGlone’s reputation for bearish hyperbole. “Just based on what I’m getting offered for my Ripple shares on the secondary market, I don’t think Ripple would even have to sell one XRP to buy Circle.” Rispoli agreed that Ripple cannot raise $10 billion in pure cash, yet insisted the company could “easily afford the acquisition for a mix of cash and debt” and a heavy equity-swap. When Weisberger replied that Circle’s board would likely demand hard dollars unless it accepted Ripple equity or XRP “without a haircut,” Rispoli dug in. “No way to get $10B in cash—and $10B is too high anyway,” he wrote, citing late-2024 private-research valuations that placed Ripple at $15 billion excluding its ~36 billion escrowed XRP. If Circle’s price tag fell to $7–9 billion, he said, Ripple could close with “$1–3 billion cash on hand, a heavy stock exchange, and debt,” especially with “all that GCC money sloshing around crypto world right now.” Rispoli conceded it would be “a reach” but “doable without meaningfully selling XRP.” Weisberger acknowledged the math—“That’s a reasonable analysis,” he wrote—yet cautioned that any price at the upper end of Rispoli’s range “could be some short-term pain for us XRP holders.” Ripple’s tender-offer buyback in January 2024 valued the company at $11.3 billion, disclosing more than $1 billion in cash and about $25 billion in digital assets—mostly XRP—on its books. The firm still controls roughly 52 billion XRP (about 40 percent of supply), though 36 billion sit in timed escrow releases, limiting immediate access. At today’s $2.20 spot price, the spendable portion is worth a little under $35 billion, but moving even a fraction quickly would collide with thin venue depth—a point Weisberger hammered home. Ripple’s cash pile also shrank after its $1.25 billion purchase of prime broker Hidden Road in April, a deal settled with a blend of cash, equity and RLUSD stablecoins. That acquisition suggests the company prefers hybrid structures, bolstering Rispoli’s claim that Treasury XRP need not flood the market. Is Circle Even For Sale? The debate may be academic. Circle, issuer of USDC, has repeatedly declared it “not for sale” while marching toward a New York Stock Exchange listing that now targets a $7.2 billion valuation. Ripple’s rumored approach earlier this spring reportedly topped $5 billion, well below Weisberger’s stress case and within Rispoli’s “doable” band, but Circle rebuffed the talks and updated its S-1 two weeks later, enlarging the float rather than seeking a buyer. Strategically, Ripple already fields its own dollar-token RLUSD, launched in January and positioned by president Monica Long as “complementary to XRP, not a competitor.” Absorbing USDC’s issuer would instantly rocket Ripple towards the size of Tether. Even under Rispoli’s optimistic structure, Ripple might still need to liquidate several hundred million dollars’ worth of XRP for working capital and closing costs. At current volumes, unloading just 500 million XRP (≈ $1.1 billion) would equal half a week of global turnover—enough to distort price unless executed as private blocks. At press time, XRP traded at $2.19.

OPEC+ decided on a smaller-than-expected oil supply increase.Disagreements within OPEC+, particularly between Saudi Arabia and Russia, add uncertainty to oil policies.Despite a downgraded global growth forecast by the OECD, oil prices are supported by factors.Most Read: Markets Today: Euro Area Inflation Drops, OECD Downgrades Growth and Trump-Xi Meeting Oil prices surged yesterday ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in below expectations. Add to this rising tensions between Russia and Ukraine over the weekend and the perfect cocktail for gains materialized. Ukraine launched major drone attacks on several Russian airfields just before peace talks between the two countries this week. Meanwhile, some US senators are pushing for stricter sanctions on Russia, including a proposal for 500% tariffs on imports from nations that purchase Russian oil. This could in part explain yesterday's rally. close Source: TradingView (click to enlarge) /media/images/BCOUSD_2025-06-03_14-44-35.width-1400.png Source: TradingView (click to enlarge) Client Sentiment Data Looking at OANDA client sentiment data and market participants are long on WTI with 71% of traders net-long. I prefer to take a contrarian view toward crowd sentiment and thus the fact that so many traders are long means WTI prices could decline in the near-term. Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Anglo American (LON: ANGLO) is planning an almost $26 million upgrade at its Quellaveco copper mine in Peru, aiming to boost output and improve sustainability as global demand for energy transition metals rises. The company has filed its 13th supporting technical report (ITS) with Peru’s environmental certification agency, Senace. Prepared by consulting firm Insideo, the report outlines five key modifications scheduled for implementation between 2025 and 2027. The review process is expected to take three to four months. Proposed changes include optimizing mine access near the waste material dump, implementing new water management systems such as ponds, canals, and check dams, and increasing the movement of mined material from 140 to 150 million tonnes annually. Anglo American will also update its environmental monitoring plan and conduct drilling to confirm additional reserves. Exploration drilling is expected to take the longest, while the other upgrades should wrap up by mid-2026. It is estimated the work will require 111 temporary workers. According to the changes proposed in the latest ITS, the pit will have a useful life of 17 years. The concentration plant will process ore stockpiled during active mining. Tailings will be disposed of at the Cortadera tailings dam. The plant is expected to remain operational until year 34, processing high-grade waste to produce concentrates and tailings. The tailings will be thickened to extract “fines,” which will be placed in the pit over a rockfill lining as part of a co-disposal plan. Quellaveco produced 79,900 tonnes of copper in the first quarter of 2025, up from 72,000 tonnes a year earlier. Anglo American’s full-year production guidance is 310,000 to 340,000 tonnes. The mine, which opened in 2022, has an expected mine life of 36 years and annual capacity of 300,000 tonnes in its first 10 years of operations. It already contributes over 10% of Peru’s copper output. The site will soon be powered entirely by renewable electricity, part of a broader push by the company to reduce its environmental footprint. Anglo American is also investing in local development, supporting water access projects and entrepreneurship programs in nearby communities.

The Bitcoin price crash is in focus following the flagship crypto’s recent drop to as low as $103,700. Crypto analyst Captain Faibik has commented on why $107,500 and $103,500 are the most important levels to watch as BTC looks to decide its next move. Why $107,500 & $103,500 Are Key For The Bitcoin Price In an X post, Captain Faibik explained that $107,500 and $103,500 are key as the bulls and bears battle to dictate the next move for the Bitcoin price. The analyst noted that later this week, BTC bulls will attempt to reclaim the $107,500 resistance and regain momentum. He predicted that a clean break and hold above $107,500 could trigger a bullish leg toward the $117,000 level, which would mark a new all-time high (ATH) for the flagship crypto. Meanwhile, on the other hand, $103,500 is an important support level which the bulls must defend as the Bitcoin price eyes new highs. Captain Faibik warned that a breakdown below could shift momentum back in favor of the bears. The Bitcoin price had surged above $106,000 on May 2 following news about the US decision to extend its pause of tariffs on some Chinese goods to August. This provided a bullish outlook for the flagship crypto after Donald Trump stated last week that China had violated the trade deal with the US. Trump and China’s president are set to have a call later this week, which could further boost the Bitcoin price if both sides could resolve any dispute regarding the current trade deal. Meanwhile, Fed Chair Jerome Powell failed to discuss the economy during his speech at the International Finance Division Anniversary Conference, which also continues to fuel market uncertainty. First Step For BTC Is To Get Back Above $106,500 In an X post, crypto analyst Kevin Capital indicated that the first step is for the Bitcoin price to successfully reclaim $106,500. He noted that BTC had recorded a weekly close below this level, which puts the flagship crypto back in the danger zone. The analyst further remarked that BTC needs to get back above this level in the coming days or things can get “sketchy looking.” Kevin Capital added that this has been a key level for months, and nothing has changed. Meanwhile, crypto analyst Titan of Crypto revealed that a Katana is forming on the weekly chart for the Bitcoin price. He explained that in Ichimoku analysis, a Katana forms when Tenkan and Kijun overlap. This signals low momentum and market equilibrium. He added that this development also precedes strong directional moves, with an expansion or pullback on the horizon. At the time of writing, the Bitcoin price is trading at around $105,435, up in the last 24 hours, according to data from CoinMarketCap.

Bitcoin rose 50% in 45 days from April into May, before reaching a new all-time-high just shy of $112K. Since then, it’s fallen 6%, sitting now right at $105K. Was the ATH a rare surge, and have Bitcoin’s fundamentals returned to something more pessimistic? Or is this a temporary pullback with strong support underneath? Evidence points more to the latter, especially with news that Bitcoin miners in Nigeria are addressing one of the longest-standing objections to crypto. And that could set Bitcoin, and the Bitcoin meme coin BTC Bull token, up for big moves in the weeks to come. Bitcoin Goes Green in Nigeria, Answers Longstanding Criticism Nigerian startup Green Flare aims to take environmentally-damaging natural gas flares (burn-offs) and turn them into Bitcoin. Specifically, they’ll use the energy generated by burning off the natural gas to power large-scale Bitcoin mining operations. Once the three-stage project is completed, it will generate 53MW of energy for Bitcoin mining rigs. Burning off gas from oil production is a leading producer of greenhouse gases, including methane. And Nigeria ranks in the top 10 for gas flaring emissions, accounting for 75% of global flaring, according to World Bank’s 2023 data. At the same time, producing Bitcoin required so much energy that, in 2023, total global Bitcoin mining operations would have ranked 27th in the world in energy consumption. According to the same UN report, 66% of the energy used to mine Bitcoin came from fossil fuels. In light of this data, Green Flare’s plan makes perfect sense. Offsetting Bitcoin’s emissions footprint by capturing and using energy that would otherwise have been wasted? A great plan, if we’ve ever seen one Two of the three sites should be live by Q4 of 2025. The investment shows the increasing maturity of the crypto and Bitcoin economies. Despite Pullback, Bitcoin Remains ‘Structurally Strong’ According to the experts at Bitfinex, —Bitfinex, Bitfinex Alpha The pullback is more than a technical correction; the ‘TACO’ phenomenon – for ‘Trump Always Chickens Out – continues to keep tariffs and the trade economy in a state of uncertainty and volatility. That impacts Bitcoin directly and indirectly. More disposable income encourages retail traders, while higher Treasury rates often cause risk-adverse investors to shift towards T-bills and away from Bitcoin. But despite the external and internal factors leading to the correction, Bitfinex reports: —Bitfinex, Bitfinex Alpha Trump’s TACO moves might be a sign of instability, or galaxy-brained chess moves; either way, Bitcoin looks strong beneath the surface, and poised for future growth. When it does head back up, will it take BTC Bull Token with it? BTC Bull Token ($BTCBULL) – First-Ever Bitcoin Meme Coin with $BTC Airdrop BTC Bull Token ($BTCBULL) comes loaded with features designed to keep Bitcoin and its bullish buddy moving in tandem up the crypto charts: Regular token burns to incentivise $BTCBULL price increase (at $125K, $175K, and $225K) Token airdrops – including $BTC airdrops – to rewards project participants 14-day ‘cooling-off’ period during the presale when investors can return tokens (think of it as a ‘money-back guarantee’) It’s all designed to encourage participation in one of the most innovative crypto presales currently available. Buy $BTCBULL, hold it on the Best Wallet app, and you’ll be eligible to earn free $BTC when Bitcoin’s price reaches $150K and $200K. The team also says there might be a tiered airdrop event with optional participation in social media tasks once the presale ends. BTC Bull Token provides four ways to earn: Presale $BTCBULL staking (61%) $BTCBULL price increase post-launch $BTC airdrop for token holders in the Best Wallet app $BTCBULL airdrop when Bitcoin hits $250K Investors keen to capitalize on $BTCBULL’s meme coin momentum can track the token’s price upward as Bitcoin climbs, while others looking for a way to double-down on $BTC’s gains can use the BTC Bull Token presale as a way to diversify exposure. $BTCBULL currently costs just $0.002545, but our price prediction shows the potential for the token to increase 230% to reach $0.0084 by year’s end. Run with the Bitcoin Bulls, and visit the BTC Bull token presale page to get started with one of the best meme coins of 2025. Will BTC Bull Token Explode in 2025? With Bitcoin still fundamentally sound, there’s every chance for a breakout as the year progresses. And when it occurs, investors could realize just how valuable the $BTC airdrops are – with a corresponding spike in $BTCBULL’s price. The stage is set for an explosion for the best new cryptos. As always, be sure to do your own research. This isn’t financial advice.

Who is James Wynn crypto? Wynn has carved out a strange kind of fame in crypto circles—part trader, part spectacle. His massive wins, even bigger losses, and relentless need to raise funds have put him under a microscope. And now, Wynn is back opening another leveraged long! (X) The problem with talking to the crowd in the arena is that the market moves by when the mass man’s spirit is broken: that’s when it will move, after he has been liquidated repeatedly and gives up on the idea. There are many such cases, but maybe it’ll work out for Wynn this time! Here’s his address if you want to watch the fun. Who Is James Wynn Crypto? Betting Big with $100 Million BTC Long at 40X Leverage After vowing to walk away, James Wynn did the opposite. On Monday, he dropped $20,000 in donations into Hyperliquid to tweak his $100 million Bitcoin long, moving his liquidation price by a sliver. At 40X leverage, every tick matters. Wynn’s rise was pure crypto legend: $7,000 in, $25 million out. But the comeback tour has been brutal. His unrealized gains have evaporated, millions vanished, and his account showed just $16 at one point. He’s still trading—now with other people’s money. The general idea in investing, or at least what I learned in school, is that you reduce risk as your capital increases. Wynn is the anomaly that does the opposite. GOATED. Hyperliquid’s HYPE Token Hits New Highs In May, Wynn aligned himself with Andrew Tate to promote Moonpig, a memecoin already weighed down by controversy. The collaboration blurred the line between bad judgment and deliberate provocation. Whether Wynn is running cover for a scheme or just addicted to the spotlight remains an open question. Hyperliquid, the venue for most of his trades, hasn’t missed a beat. It’s HYPE token broke records last month, and the exchange cleared $244 billion in volume. Wynn may be the court jester, but the kingdom he plays in is booming. Crypto platform Moonpay quipped, “Wake me up when there’s a better main character.” Lessons from Wynn’s Chaos Wynn’s latest position leaves him perilously close to liquidation, with Bitcoin’s recent movements teetering between $103,613 and $105,000. Whether he emerges from this chaos as a winner or a cautionary tale, one thing is clear—James Wynn has solidified his place as one of the most unpredictable characters in crypto. DISCOVER: Best Meme Coin ICOs to Invest in 2025 EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Who is James Wynn crypto? Wynn has carved out a strange kind of fame in crypto circles—part trader, part spectacle. Wynn’s latest position leaves him perilously close to liquidation, with Bitcoin’s recent movements teetering between $103,613 and $105,000. The post Who Is James Wynn Crypto? Wynn Opens Another Leveraged Long appeared first on 99Bitcoins.

XRP crypto is stuck in a standoff that might see it fall to $2. The charts are flashing warnings while long-term holders dig in around key support zones. Legal overhang, mixed market signals, and a fragile macro backdrop have traders on edge, waiting to see which way this thing breaks. (XRPTUSDT) XRP Crypto Slips with Bearish Indicators in Focus XRP slid nearly 1% on Monday, trading at $2.1540 and drawing attention to its long-held $1.76 support. The technicals aren’t friendly—RSI is trending lower at 39, and the MACD is bleeding red below the neutral line. A continued slide could force an 18% drop back to that key level. Still, the $2 zone isn’t giving up easily. Weekend gains of $2.08 offered a brief bounce, reinforcing the idea that this range may be the line between panic and patience for XRP holders. https://twitter.com/xatdabeach/status/1928667715184492893 Ripple’s ongoing legal battle with the SEC looms over XRP’s price action. A recent filing questioning interpretations of the Howey Test has added new dimensions to the case, amplifying concerns over regulatory clarity. Meanwhile, Bitcoin’s continued consolidation has created a risk-off market sentiment, which is evident in the $28 million outflows from XRP investment products last week. Could a Breakout Above $2.56 Be on the Horizon For XRP Crypto? Despite bearish overtones, some analysts see a glimmer of hope for XRP bulls. A new wave count analysis combining Elliott Wave Theory and Wyckoff reaccumulation principles suggests an upcoming bullish breakout. According to ‘Charting Prodigy,’ a crypto analyst on X, XRP has completed its corrective Wave 2 and is entering a powerful sub-wave 3. The key trigger level to watch is $2.56. “A breakout above $2.56 could launch XRP into a rapid markup phase, targeting $2.9 to $3.4,” the analyst explained. The bullish thesis is further strengthened by the emergence of Wyckoff accumulation structures and a bullish divergence forming on the MACD. What to Watch for Next XRP investors should carefully monitor the $2 and $1.7600 support levels for signs of capitulation or reversal. A loss of these supports could lead to steep declines, while a convincing breakout above $2.56 could mark the beginning of a significant rally. DISCOVER: Best Meme Coin ICOs to Invest in 2025 EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways XRP crypto is stuck in a standoff that might see it fall to $2. The charts are flashing warnings while long-term holders dig in around key support zones. XRP investors should carefully monitor the $2 and $1.7600 support levels for signs of capitulation or reversal. The post Experts Say XRP Crypto Is About to Dump to Below $2: Here’s Why XRP Price Will Top Blast appeared first on 99Bitcoins.

According to a recent video by angel investor and crypto influencer Armando Pantoja, many XRP holders feel stuck as rival coins keep climbing. He pointed out that focusing only on getting XRP to $10,000 misses the point. Instead, he urged people to look at returns and real uses. This shift in perspective could change how investors see the token’s potential. Emphasis On ROI Based on reports, Pantoja noted that wanting XRP at $10,000 is unrealistic. He said you can get the same gains without waiting for that sky-high price. For example, Bitcoin would need to hit over $300,000 to triple your stake if you bought it at today’s levels. But XRP only needs to reach about $8 from its current trading price near $2.30 to yield the same ROI. That’s a big gap. If you bought XRP at $2.30, a move to $8 feels more achievable—for some, at least. While Bitcoin’s market cap towers over others, XRP’s total value is around 7% of that of Bitcoin’s. This smaller size means it could swing more on positive news. Comparing Market Caps And Gains Bitcoin recently touched a new all-time high near $112,000. Meanwhile, XRP held around $2.30 in value. Investors pointed to this gap as proof that XRP had no momentum. But Pantoja reminded his audience that XRP climbed over 300% over the past year, while Bitcoin rose by 50% over the same period. Those figures show that past performance for XRP has outpaced Bitcoin’s in percentage terms. This is based on reports that track prices from June last year to now. Still, the wider market’s focus tends to follow Bitcoin’s chart. When BTC booms, altcoins often run too. But sometimes they trail behind or fall back harder. XRP’s Payment Use Case Based on reports around its network, XRP stands out for speed and cost. It can settle a payment in a matter of seconds and handle up to 1,500 transactions per second. That’s fast, especially when compared to the SWIFT network used by banks. Fees are low enough that moving funds across borders can cost mere pennies. Pantoja said this real-world utility is more valuable than hype. He urged investors to think about banks or money-service companies adopting XRP for cross-border transfers. Such adoption could drive demand more than price rumors ever will. Investor Perspective And Risks Meanwhile, investors shouldn’t ignore risks. XRP still faces a legal fight with the US Securities and Exchange Commission. That uncertainty has made many traders wary. Bigger players in finance tend to wait until the case wraps up before making big moves. Featured image from Unsplash, chart from TradingView

Ecuador-focused SolGold (LON, TSX: SOLG) has applied to voluntarily delist its ordinary shares from the Toronto Stock Exchange, effective at the close of trading on June 18. The miner will maintain its listing on the London Stock Exchange while it also considers a secondary listing in the Australian Stock Exchange. Originally founded in Australia and now headquartered in London, SolGold recently appointed Dan Vujcic as its new chief executive. The former investment banker at Morgan Stanley and Citigroup, and most recently CFO of MAC Copper (ASX: MAC), called the ASX a “natural home” for the company’s copper and gold portfolio in an interview with MINING.COM earlier this year. The firm, backed by some of the biggest names in the industry including BHP (ASX: BHP) and Newmont (NYSE: NEM), is advancing plans to accelerate development at its flagship Cascabel copper-gold project in northern Ecuador. It’s among to begin production as early as 2028, three to four years ahead of the previous timeline. The updated strategy would start with open-pit mining before moving underground. SolGold believes the scale of Cascabel positions it as a potential multi-generational asset, with the size to rank among the 20 largest copper-gold mines in South America. Strategic overhaul The accelerated plan is part of a broader realignment that includes the creation of a subsidiary to hold SolGold’s exploration assets. These are 89 licenses across more than 3,000 km² of highly prospective copper-gold targets. The move comes as the global copper market tightens, with demand rising due to the metal’s critical role in electrification and new discoveries becoming increasingly scarce. SolGold expects the structural shift and accelerated development timeline will better position it with investors, especially amid rising geopolitical uncertainty and tariff-driven shifts in global supply chains.

Recent developments in the Coinbase crypto scam case suggest that the crypto exchange knew about the data leak for a while. According to an article published on 3 May 2025 by Reuters, Coinbase had known about the data leak since January. TaskUs, an outsourcing firm, is connected to this breach that might cost Coinbase up to $400 million in damages. According to a 14 May 2025 SEC filing, an Indian employee at the company took pictures of her work computer using her private phone, contributing to the breach. The Indian employee, along with her accomplice, was allegedly stealing Coinbase customer data and selling it to hackers for monetary gain. Once caught, Coinbase was immediately notified of this matter. More than 200 TaskUs employees were then let go of their positions after Coinbase was notified of this incident. TaskUs, in their statement, said, “We believe these two individuals were recruited by a much broader, coordinated criminal campaign against this client that also impacted several other providers servicing this client.” Plaintiffs had previously filed a class action lawsuit in a Manhattan court to establish a link between TaskUs and the data breach last week. Explore: 10+ Crypto Tokens That Can Hit 1000x in 2025 Coinbase Crypto Scam Explained It all came to a head on 11 May 2025 when Coinbase received an anonymous email claiming to have stolen customer data. The investigation revealed that hackers had bribed several employees to obtain access to internal communication, data, and tools. The hackers then proceeded to impersonate Coinbase staff and trick the users on the platform to hand over their crypto. Furthermore, they then demanded that Coinbase pay a ransom of $20 million to prevent the release of the stolen data. Coinbase played hardball instead and went public with the incident. They promised to reimburse those affected and have also set up a $20 million fund for those who can help the company bring the perpetrators to justice. The crypto exchange has reminded its users that asking for passwords is not an operating procedure that the company follows and has urged users to remain vigilant in this matter. The $400 million damage that Coinbase faces includes costs involving reimbursing users, fixing the breach and legal resources that the company might take. Interestingly, this is not the first time that TaskUs has faced accusations of a data breach. Ledger, a crypto wallet maker, accused the company of leaking sensitive information along with Shopify in 2022. According to the lawsuit, TaskUs and Shopify knew about the data leak for over a week before notifying their customers. Explore: 9+ Best High-Risk, High-Reward Crypto to Buy in June 2025 Hackers are Now Targeting Bigger Exchanges According to a Chainalysis report, hackers stole approximately $2.2 billion worth of crypto from crypto platforms in 2024. Hackers are now getting more creative and going after bigger exchanges. Similar to hackers impersonating Coinbase representatives, hackers in Australia were impersonating Binance representatives to gain access to crypto wallets. The modus operandi was somewhat similar, leading to the Australian authorities launching Operation Firestorm in collaboration with international law agencies to nab the culprits. Explore: Top Solana Meme Coins to Buy in June 2025 Key Takeaways An Indian employee at the outsourcing firm TaskUs took pictures of her work computer using her private phone, contributing to the breach Leder, a crypto wallet maker, has previously accused TaskUs of a data breach Hackers are now going after bigger exchanges like Binance and Coinbase The post Coinbase Crypto Scam Linked to Customer Data Leak in India appeared first on 99Bitcoins.

Overview: The US dollar is firmer against all the G10 currencies, but its gains have been muted, and "consolidation" better characterizes the price action. What were seen as dovish central bank minutes has dragged the Australian dollar down the most among the major currencies, and it is off a little more than 0.5%. The Canadian dollar is down the least (less than 0.10%). Additional dollar gains in early North America look likely. Emerging market currencies are more mixed. Central European currencies the laggards today, while the Russian ruble, Malaysian Ringgit, and Chinese yuan lead the advancers. The market took news of the collapse of the Dutch government in stride. The euro is heavier, off around 0.25%, which is a middling performance today, while Dutch 10-year yields re slightly lower but within the range of European yields today, which are mostly 1-2 bp lower. The strong reception at the UK long-bond auction lent support to the 10-year Gilt, whose yield is off about six basis points today. The 10-year US Treasury yield is off almost three basis points to 4.41%. Japan's 30-year yield drifted lower for the third consecutive session, while the 40-year edged higher for the first time in four sessions today. Equity markets were mixed. The large bourses but Tokyo and India were higher in the Asia Pacific. Europe's Stoxx 600 is off (~0.25%) for the second consecutive session and US index futures are around 0.35% lower. Gold was sold after it reached a four-week high near $3392. It is now below $3360. After yesterday's 2.8% rally, July WTI is consolidating in the upper end of yesterday's range (it reached almost $63.90) and is near $62.75 now having settled near $62.50. USD: The Dollar Index slipped briefly through yesterday's lows earlier today before it stabilized and turned higher. The low was slightly below 98.60 and it recovered to almost 99.00. The April low, which was also a three-year low, was closer to 97.90. The focus is on the breakdown of US-China's truce, the doubling of US steel and aluminum tariffs (as of tomorrow), and speculation that Russia will retaliate for the Ukraine's bold drone strike. The OECD's updated forecasts cut this year's growth projection for the US to 1.6% from 2.8% anticipated in March (2.9% for the world, down from 3.3%). Moreover, it warned of the inflationary impact of the tariffs. Most of the news in today's factory orders was already contained in the poor preliminary durable goods orders report that was weighed down by the precipitous drop in Boeing orders, but weakness was seen in the core orders (excluding aircraft and defense). The JOLTS report has lost some of its market appeal. In any event, the median forecast in Bloomberg's survey is for job openings to have fallen to 7.1 mln in April, which would be the lowest since the end of 2020. May auto sales will be reported through the day, but a slower pace is expected. In fact, it could be the first back-to-back decline since Oct/Nov 2023. Auto sales jumped to 17.77 mln seasonally adjusted annual pace in March as businesses and households tried to get ahead of the tariffs. It was the highest since October 2017. Recall that consumption was revised lower in the Q1 GDP figures (1.2% vs. 1.8%). Retail sales were sluggish in April and a decline in auto sales will underscore the weaker demand for consumer durables. EURO: The euro reached a six-week high near $1.1450 in North American turnover, a little before the European session ended. It pulled back toward the $1.1415 in the North American afternoon but recovered to approach session highs in late dealings. It reached a new high near $1.1455 before being pushed back to $1.1400. The fall of the Dutch government after Wilders' Freedom Party left the coalition in a dispute about immigrations seemed to have little impact. A move, and especially a settlement below $1.1385, weakens the technical tone. Ahead of Thursday's ECB meeting, the preliminary eurozone May CPI was reported. The flat month-over-month reading allowed the year-over-year rate to ease to 1.9% from 2.2%. The core rate eased to 2.3% from 2.7%. Both were a little softer than expected. The base effect, in this case, the low readings in Q3 24, warns of upside risks after this month. That reinforces the case for the ECB to pause after this week's cut, and ahead of what ECB President Lagarde suggests is the neutral rate (1.75%). Switzerland reported its May CPI. Its national measure saw the year-over-year rate slip below zero for the first time since March 2021 (-0.1%) while the EU harmonized measure fell to -0.2% from 0.3% year-over-year. The Swiss National Bank meets on June 19, and the lowly inflation risks a return to negative policy rate, which currently stands at 0.25%. The swaps market has 33 bp of cuts discounted at this month's meeting. In a close call, we lean toward a quarter-point cut. CNY: Even though the dollar fell against most currencies yesterday, the offshore yuan was one of the exceptions. The dollar eked out a small gain. It rose to a nine-session high near CNH7.2240 but was trading near the middle of the session’s range (~CNH7.2010-CNH7.2240) in late turnover. Despite the greenback's firmer tone today, it has been sold against the yuan. The dollar returned to the CNH7.1855 area. Last Friday's low was nearCNH7.1815. The PBOC set the dollar's reference rate slightly higher (CNY7.1869 vs. CNY7.1848 yesterday). The Caixin's manufacturing PMI runs a little stronger than the China Federation of Logistics & Purchasing version and May stands out as an exception. The Caixin iteration fell to 48.3 from 50.4. The median forecast in Bloomberg's survey was for a small gain to 50.7. It was below 50 twice last year (July and September). The "official" one rose to 49.5 and 49.0. It was above 50 in February and March. JPY: The doubling of US steel and aluminum tariffs would seem to make trade talks between the US and Japan more difficult. Prime Minister Ishiba was quoted on the news wires declaring that Japan has no intention on compromising on US tariffs. The dollar has been sold to a five-day low today near JPY142.40. It traded below the trendline that held yesterday, drawn of the April and May lows, near JPY142.50 today. It recovered to around JPY143.25 before consolidating. The intraday momentum indicators suggest it can challenge the session highs in North America. GBP: Sterling reached $1.3560 yesterday as it approached last week's three-year high near $1.3595. It trended lower in the North American afternoon and fell to around $1.3515, which was below the low set in Europe (~slightly under $1.3520). Yesterday's high has held today, and sterling was sold back to almost $1.3500. Support is seen in the $1.3480 area and a break of could target last week's low by $1.3415. CAD: The US dollar recovered after having been sold to a marginal new low for the year near CAD1.3675. It has held above CAD1.3700 today. Last week's low was around CAD1.3685. Nearby resistance is seen near CAD1.3750. Canada's economy is soft but underlying inflation rose. This puts the Bank of Canada in a difficult position when it meets tomorrow. The swaps market is discounting about a 1-in-5 chance of a cut. Before the inflation data, there was around a 2-in-3 chance of a cut discounted. The newest responses in Bloomberg's survey were sufficient to push the median from a rate cut to standing pat. The swaps market has almost 43 bp of cuts between now and the end of the year. May 1 was the last time the swaps market was fully discounting two cuts this year. AUD: The Australian dollar approached support in the second half of last week near $0.6400, and the broad US dollar weakness saw it test the $0.6500 area yesterday. Despite several intraday violations last month, the Aussie has not been able to close above there. The What was seen as confirmation of a dovish bias in the minutes from the recent central bank meeting that resulted in a quarter-point cut though a half-point move was considered, sent the Aussie back to around $0.6450 today. Australia's Q1 inventories (up 0.8%, more than expected)) and net exports (f-0.1% as a percentage of GDP) will help economists make last minute revisions to Q1 GDP, which is due on Thursday. Growth in Q1 looks to be round 0.4% after 0.6% growth in Q4 24. The futures market favors another rate cut next month (~80% chance, up from a 50% chance in the middle of last week). MXN: The peso again displayed remarkable resilience. Ahead of the weekend judicial vote, the peso had softened. The dollar set new highs for the week ahead of the weekend a little below MXN19.44. It also settled above the 20-day moving average for the first time since mid-April. Nevertheless, the peso came back strongly yesterday. In fact, it was the strongest among emerging market currencies yesterday, with around a 1.15% gain. It was the largest gain since early April. The greenback recorded the low for the year last week around MXN19.1830. The dollar recorded a bearish outside down day yesterday by trading on both sides of the previous session's range and settling below its low. The dollar is pinned near yesterday's lows in quiet turnover. Today's range so far is about MXN19.2030-MXN19.2435). Assuming it is pushed through last week's low we target the 200-day moving average initially that is near MXN19.0460. For the better part of the past six weeks, the dollar has been chopping in a range between BRL5.60 and BRL5.75 with a few exceptions. Before the weekend Moody's cut the outlook for its Baa1 rating to stable from positive. The local currency 10-year yield eased by a single basis point but other sovereign yields in the region rose. Disclaimer

In case you’ve been living under a rock, Trump’s been making TACOs recently. The acronym, for Trump Always Chickens Out, has become a major talking point when analyzing Trump’s ongoing trade war. Could it explain why most cryptos are trading sideways at the moment? Given the market uncertainty due to Trump’s constantly changing trade wars, Bitcoin is losing some of its shine, and people are asking, What are the best altcoins to buy now? Time for a closer look. Trump, Master of Unpredictability, Continues His Work What’s the single biggest factor limiting crypto growth right now? It’s not the US regulatory environment, which is increasingly pro-crypto. Indeed, right now Congress is in session debating a landmark stablecoin bill. It’s not even the US economy, which has proven surprisingly resilient. It’s Trump’s approach to the trade wars he himself initiated. On key geopolitical issues, like the war in Ukraine, Trump shows signs of changing his tune. And on tariffs and direct trade-related matters, he’s again demonstrating his trademark indecision, with a surprise increase in steel and aluminum tariffs (mostly targeted at China) the latest development. The cryptocurrency market has had to grapple with the fallout, as President Trump’s erratic economic strategies cast a shadow over investor confidence and stall the momentum of digital assets. That was clear in $BTC ETF outflows following Trump’s latest announcements. A net $430M outflow on Friday and another $130M on Monday highlight how rattled investors are. Adding to the risk potential is the approaching end to the 90-day ‘pause’ in tariffs Trump placed on most US trading partners. We’re well over halfway through the pause period, and sky-high tariffs could resume as early as July unless something changes. And yet, TACO uncertainty hasn’t caused widespread losses, but rather a curious mixture of gains, sideways trading, and localized losses. Market Stability Hides Crypto Gains and Falls For one thing, Bitcoin has remained remarkably stable, mainly trading sideways around $105K. There’s not a lot of movement lately, with $BTC down around 0.2% over the past 24 hours. Despite this, market sentiment remains pro-Bitcoin, with news of more companies moving to purchase Bitcoin. Beyond Bitcoin, the rest of the crypto market is a mixed bag. Solana ($SOL) – down 9.4% over the past week, as questions remain about proposed $SOL ETFs Dogecoin ($DOGE) – down 15% over seven days, even as Elon Musk leaves the US Department of Government Efficiency (DOGE) XRP ($XRP) – down 5.34% over the week, even while trading volume remains high Cardano ($ADA) – down 10.33% in a week, but up 3.16% daily, fighting to break through a key $0.70 price barrier It can’t all be blamed on Trump; $XRP and $ADA’s trials could be down to their waiting on the SEC for long-running ETF applications. But, as far as uncertainty goes, even SEC Commissioner Caroline Crenshaw says the SEC needs to do more to provide clarity. While Trump and the SEC decide what to do next, crypto presses on. Here are three of the best altcoins poised to quietly make big gains despite the uncertainty. BTC Bull Token ($BTCBULL) – Free Bitcoin Airdrops for $BTCBULL Holders What’s one way to profit from crypto? Build a project around the most profitable crypto, Bitcoin itself. BTC Bull ($BTCBULL) does just that. Buy $BTCBULL, hold it on your Best Wallet app, and you could earn free $BTC when Bitcoin’s price reaches $150K and $200K. You can also look forward to a mega $BTCBULL airdrop when Bitcoin reaches $250K. It’s one of the easiest ways to diversify your exposure to Bitcoin. With $BTCBULL, you have four ways to earn: Presale $BTCBULL staking $BTCBULL price increase post-launch $BTC airdrop for token holders using Best Wallet app $BTCBULL airdrop when Bitcoin hits $250K On the other hand, token burns for $BTCBULL are programmed for when $BTC hits $125K, $175K, and $225K, reducing supply and driving up the price of $BTCBULL. This Yin and Yang structure of alternate airdrops and token burns keeps $BTCBULL moving in tandem with $BTC, though at a far, far lower price. $BTCBULL currently costs just $0.002545, but our price prediction shows the token could increase 230% to reach $0.0084 by year’s end. Remember to hold your tokens in the Best Wallet app and stay tuned to the $BTCBULL X channel to ensure you get your share of those airdrops. When the requirements are posted, act fast to secure your free Bitcoin. Visit BTC Bull Token presale page. Cardano ($ADA) – Will Growing Adoption Power $ADA Past Resistance? Cardano has an interesting story. Only a few years ago, it was touted as one of the legendary ‘Ethereum killers,’ heir to Ethereum’s spot as the number 2 crypto behind Bitcoin. Cardano and XRP, among others, were tipped to break through with faster transaction speeds and lower fees, stealing Ethereum’s crown as the leading DeFi protocol. These days, though, Ethereum seems safer than ever in second place. So, rather than try to replace Ethereum, chains like Cardano have evolved alongside it. The Cardano network recently passed 110M transactions, indicating broad adoption and support. And yet, the token’s price hasn’t been able to break through the $0.70 resistance mark, held back by futures volatility and ETF uncertainty. If it does push through, could Cardano make big gains and return to its recent highs above $1.20? Best Wallet Token ($BEST) – Top Utility for Next-Generation Crypto Wallet Best Wallet Token ($BEST) is the native token of a top Web3 wallet, Best Wallet. Aside from being non-custodial, no-KYC, multi-chain, and highly secure, the Best Wallet app is the only crypto wallet focusing on presales. It offers a built-in ‘Upcoming Tokens’ section that gathers the top crypto presales in one place, letting investors research and purchase tokens long before they reach the open market. The $BEST token dials wallet functionality up to 11, adding: Early access to the best new crypto projects Higher staking rewards Reduced transaction fees $BEST holders can also participate in community governance and make their voice heard on the direction of the project. The Best Wallet app is easy to use without compromising security. Best Wallet users can also look forward to the arrival of Best Card, which will let them use crypto to pay for goods and services offline as easily as using a credit card. The Wallet + Card +Token combo could push $BEST to $0.035215– up 40% from its current $0.025125, as our price prediction shows. Learn how to buy Best Wallet token, and join a presale already past the $12.9M mark. Visit Best Wallet Token. Will Trump TACOs Deliver Good Deals? The big question with TACO is this; is Trump shooting from the hip, or orchestrating a masterful deal? If uncertainty continues, Bitcoin and the best altcoins could continue to muddle along without significant gains or losses. But if Trump demonstrates his art of the deal one more time, it could send Bitcoin – and $BTCBULL, $ADA, and $BEST – rocketing upwards. Remember, though – always do your own research. This is not financial advice.

Asian Session Market Wrap Markets failed to hold onto late US session gains as markets were hoping for positive news regarding a potential Trump-Xi meeting. US Equity Futures are down in the Asian session with the S&P 500 down around approximately 0.6%. In Asia, a key measure of regional stocks went up by 0.1%, breaking a three-day losing streak. Chinese stocks in Hong Kong rose as investors hoped for more government support after factory activity unexpectedly dropped in May. The US Dollar is on the up this morning, with the greenback gaining against the majority of its G10 counterparts. Power Currency Balance close Source: TradingView.com (click to enlarge) /media/images/DE30EUR_2025-06-03_10-58-31.width-1400.png Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.