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Over a month ago, Super Micro Computer, Inc. (SMCI) appeared on our StockCharts Technical Rank (SCTR) Top 10 list. SCTRs are an exclusive StockCharts tool that can help you quickly find stocks showing strong technical strength relative to other stocks in a similar category.

Now, the stock market is dynamic, and SMCI, like many stocks, went through a consolidation period with its price trading within a certain range. While SMCI was basically moving sideways, other stocks, such as Palantir Technologies, Inc. (PLTR), Robinhood Markets Inc. (HOOD), and Roblox Corp. (RBLX), took their turn on the Top 10 SCTR list.

Spotting SMCI’s Potential Turnaround

After over a month of this sideways movement, SMCI is starting to show signs of a breakout. This can often be a sign of renewed strength for a stock to move higher, though there’s no guarantee.

A significant factor behind SMCI’s rise is the strength in AI-related tech stocks, which has given the broader market a big boost. The Nasdaq 100 ($NDX) hit record highs, and other major indexes such as the Nasdaq Composite ($COMPQ) and S&P 500 ($SPX) are just a hair away from hitting their record highs. For as long as this positive trend remains in place, SMCI will likely ride higher with the market.

Let’s break down SMCI’s daily chart.

FIGURE 1. DAILY CHART OF SMCI STOCK. SMCI broke out of a trading range and has the potential to rise higher if momentum strengthens. Monitor momentum indicators such as the RSI and PPO.Chart source: StockCharts.com. For educational purposes.

SMCI’s SCTR score was at 95.5 after Thursday’s close. The stock is trading comfortably above its 50-day simple moving average, its relative strength index (RSI) is approaching the 70 level, and the percentage price oscillator (PPO) is starting to show encouraging signs of positive momentum (see daily chart below).

Since SMCI has hit a high of $122.90, your initial thought might be that the stock has significant upside potential. It very well could. However, a key part of smart investing is understanding and managing risk. You know very well that any negative news headline is bound to send SMCI tumbling back to its lows; after all, it’s happened before.

Let’s say you spotted this breakout. The ideal approach is to wait for a pullback and a reversal back to the upside with strong follow-through before entering a long position. However, given the stock is moving relatively quickly, you let FOMO get to you and decided to enter a long SMCI position at around $48.

With the stock closing near its high for the day, there is the possibility of a higher move at the open, short of any negative news. But nothing is guaranteed, and you need downside protection for your position. Initially, your stop loss would be the top end of SMCI’s trading range. But what about your upside price targets?

For this, I turned to the weekly chart of SMCI and, using the annotation tool, added Fibonacci retracement levels from the March 2024 high to the November low.

FIGURE 2. WEEKLY CHART OF SMCI STOCK. Annotating Fibonacci retracement levels from the March 2024 high to the November 2024 low is one way to identify price targets.Chart source: StockCharts.com. For educational purposes.

Your first price target could be the 38.2% level, which falls just below $60. This aligns with the February high and was an area where the stock price stalled during August 2024 before it continued lower. If SMCI’s stock price hits that level, don’t be surprised if it wavers here. It could continue higher or fall lower depending on investor sentiment toward AI stocks.

Closing Position

Remember, protecting your capital is of utmost importance, regardless of whether the trade goes in your favor or not. Use stops with discipline, since stocks like SMCI can move both up and down quickly. Your objective should be to keep your losses small and let your profits run until the upside momentum dries up.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The White House social media team stepped up its meme game with a new spoof on a viral moment from the NATO Summit in which Secretary General Mark Rutte called President Donald Trump ‘daddy.’

A video set to the Usher hit ‘Daddy’s Home’ showed Trump arriving home aboard Air Force One being cheered on by supporters. It also showed clips from the summit, the president arriving at the Dutch palace, his meetings with world leaders and his handshake with Ukrainian President Volodymyr Zelenskyy.

Like the moment when Rutte made the comment one day earlier, the White House clip set social media ablaze. 

‘Presidential meme game reaching unprecedented levels,’ internet personality Mario Nawfal wrote X. 

‘This is easily the best thing on the internet,’ added political commentator Benny Johnson. 

Others were less enthused. 

‘An official product of the WH communications office —’ ABC News correspondent Jonathan Karl wrote along with the clip. 

‘This is super straight and super alpha male. Uh huh,’ wrote former Rep. Adam Kinzinger, an anti-Trump Republican. 

Trump unloads on Israel and Iran for threatening fragile ceasefire agreement

During a bilateral meeting with Trump in The Hague, Netherlands, Rutte defended Trump’s use of an expletive to criticize Israel and Iran as they threatened the ceasefire he brokered. 

‘Daddy has to sometimes use strong language.’ 

Outside the White House Tuesday morning, a frustrated Trump told reporters Israel and Iran ‘have been fighting so long and so hard that they don’t know what the f— they’re doing.’ 

Rubio breaks into laughter when Trump asked about NATO chief calling him

Secretary of State Marco Rubio cracked up laughing when a reporter asked about the comment during a news conference at the summit Wednesday.

Rutte and Trump have found common cause in pushing NATO allies to increase defense spending. During the summit, the alliance agreed to Trump’s longtime demand that each member state boost defense spending to 5%. 

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Sen. Jeff Merkley, D-Ore., accused Trump Office of Management and Budget (OMB) Director Russell Vought of being responsible for the deaths of hundreds of thousands of children due to the budget cuts he has overseen under the Trump administration.

Vought faced a high-intensity grilling from both Democratic and GOP senators in the Senate Appropriations Committee on Wednesday over a package of proposed budget cuts – called a rescissions package – the administration sent to the legislative branch earlier this month.

Democratic committee members, as well as some Republicans, appeared very frustrated with the administration over the proposed cuts. At one point during the hearing, several protesters stood and began shouting, causing the proceedings to briefly come to a halt. It was unclear what the protesters were objecting to.

While Vought claimed that the administration’s cuts to USAID and PEPFAR have not halted lifesaving treatment, Merkley asserted that the claim is a ‘huge deception.’

According to Merkley, a Boston University School of Public Health study claims that some 246,000 children have died due to the various foreign aid programs cut by DOGE.

‘We are talking a quarter million children because of your irresponsible shutdown of programs that Congress had fully authorized, and you unconstitutionally shut down in partnership with Elon Musk and the Secretary of State,’ fired Merkley. ‘How do you feel about being responsible for hundreds of thousands of children dying because of your sudden interruption in these key programs?’

Vought soundly rejected the assertion, saying that every administration ‘has the ability to do a programmatic review when they come into office’ and to make changes based on ‘new spending priorities.’

Before he could finish, Merkley cut Vought off, saying, ‘I find your response both ignorant and callous.’

‘You chose to shut down programs in the middle that have resulted in hundreds of thousands of children dying in the last few months. I find that abhorrent, and few Americans have ever had such a devastating and disastrously impact,’ Merkley exclaimed.

Sen. Patty Murray, D-Wash., also confronted Vought, accusing the administration of trying to illegally maneuver around Congress to make its cuts, which she said undermine American interests abroad.

‘Will you tell us specifically where, the Philippines, Pacific islands, Jordan, you’re planning to undermine American interests?’ she asked, to which Vought responded: ‘Of course not. We’ve been very clear in all the administration’s priorities that all of our commitments with regard to Jordan and Egypt are maintained.’

Before Vought could finish, Murray cut in again, saying, ‘I assume you’re unwilling to share which humanitarian crisis this administration plans to walk away with, which is what we would be voting on, and that is critical information.’

But it wasn’t just Democrats taking Vought to task during the hearing.

Sen. Lisa Murkowski, R-Alaska, also voiced frustration over the Trump administration’s DOGE cuts, taking particular issue with cuts to public broadcasting, which she said plays an important emergency services role in her state.

Sen. Mitch McConnell, R-Ky., also voiced objections to the cuts to foreign aid, which he said were opportunities to project American soft power.

‘Instead of creating efficiency, you’ve created vacuums for adversaries like China to fill responsible investments in soft power, prevent conflict, preserve American influence, and save countless of lives at the same time,’ said McConnell.

For his part, Vought said that ‘it is critical that this body and the American people writ large, understand that many foreign aid programs use benevolent-sounding titles to hide truly appalling activity that is not in line with American interests.’

Vought said the ‘entire federal government must be responsible with each taxpayer dollar that comes to Washington.’

‘The American people voted for change. President Trump stands ready to put our fiscal house back in order and put the American taxpayer first,’ he said, adding, ‘A vote for rescissions is a vote to show that the United States Senate is serious about getting our fiscal house in order. I hope that the Senate will join us in that fight.’

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A Senate Republican wants to build a paper trail of former President Joe Biden’s autopen usage with the end goal of calling more hearings, passing legislation or amending the Constitution to best address ‘a mentally incapacitated president.’

Sen. Eric Schmitt, chair of the Senate Judiciary Subcommittee on the Constitution, is requesting special access under the Presidential Records Act to a trove of Biden-era documents and memos that chronicle his usage of an autopen.

In a letter to Secretary of State and Acting National Archivist Marco Rubio exclusively obtained by Fox News, Schmitt argued that creating a paper trail of key directives made toward the end of his presidency would help in ‘deciding which legislative remedy is most appropriate.’

‘In particular, the increased use of the autopen to sign pardons, executive orders, and other documents as his Presidency progressed became a poignant symbol of President Biden’s mental decline and has created questions about the validity of those orders and pardons if President Biden did not direct the use of the autopen,’ he wrote.

Schmitt requested access to a slew of documents, including memos about procedures for usage of the autopen, who was granted authority to use the autopen and emails from staff authorizing or requesting authorization for autopen usage.

He also requested access to all White House records after Nov. 1, 2024, that refer or relate to presidential pardons; that prioritize briefing books, memos and decision memos for pardons; and, eventually, access to all White House records after Nov. 1.

‘With that information, the subcommittee will be better positioned to ensure that any potential proposed amendment will be sufficiently comprehensive so as to address any plausible contingency concerning a mentally incapacitated President,’ Schmitt wrote. 

‘It would be challenging enough to amend the Constitution once — much less more than once if it then subsequently turned out not all contingencies around presidential incapacity were adequately considered.’

Schmitt’s letter comes after the Senate Judiciary Committee’s hearing on Biden’s alleged mental decline while in office and how the autopen could have played a central role in his inner circle’s alleged attempt to skirt the Constitution while continuing to carry out the duties of the office.

It also explicitly mentions the closed-door, transcribed hearing with Biden’s former director of the Domestic Policy Council, Neera Tanden, conducted by the House Oversight Committee this week.

A source told Fox News Digital that during the transcribed interview, which lasted five hours, Tanden testified she had ‘minimal interaction with President Biden’ in her role as staff secretary and that to obtain autopen signatures, she would send decision memos to members of Biden’s inner circle.

She said during the interview she was not aware of what actions or approvals happened between the time the memo was sent out and returned with approval.

However, Tanden’s opening statement, shared with Fox News Digital by her lawyer, Michael Bromwich, said that, as staff secretary, she was responsible for ‘handling the flow of documents to and from the President’ and that she was authorized to direct that autopen signatures be ‘affixed to certain categories of documents.’

‘We had a system for authorizing the use of the autopen that I inherited from prior Administrations,’ Tanden said. ‘We employed that system throughout my tenure as Staff Secretary.’

She was later named director of Biden’s Domestic Policy Council and said she was no longer responsible for the flow of documents and was no longer involved in decisions related to the autopen. 

‘I would note that much of the public discussion on the subject matter of this hearing has conflated two very different issues: first, the president’s age and second, whether President Bident was in command as President,’ she said. ‘I had no experience in the White House that would provide any reason to question his command as President. He was in charge.’   

Schmitt requested that access to the swathe of memos and communications be granted no later than July 16.

‘It is important for this subcommittee to have a clear picture of President Biden’s decision-making capacity at the end of his presidency and to know the extent to which members of his inner circle possibly usurped the President’s decision-making authority,’ he wrote.

Fox News Digital’s Liz Elkind contributed to this report. 

This post appeared first on FOX NEWS

(TheNewswire)

Blue Lagoon Resources Inc.

June 26, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (the ‘ Company ‘) (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has been added to the CSE25 Index the Canadian Securities Exchange’s benchmark index that tracks the top 25 issuers by market capitalization.

The CSE25 Index is a sub-index of the CSE Composite Index and includes the largest companies by market capitalization on the exchange. Inclusion in the index represents a significant achievement for Blue Lagoon, reflecting its growing market capitalization, strong shareholder support, and providing increased visibility among institutional investors.

‘Being added to the CSE25 is a meaningful indication of the progress that we have made,’ said Rana Vig, President & CEO of Blue Lagoon Resources . ‘With a fully permitted project, funding in place, and gold production expected to begin this summer, our inclusion in the index is a reflection of both market confidence and the strength of our strategic execution.’

This announcement comes on the heels of several recent achievements:

  • The Company received its final mining permit earlier this year, making it one of only nine such permits granted in British Columbia in the last decade.

  • The Company strengthened its relationship with its toll milling partner, Nicola Mining, by executing a $2 million line of credit agreement — reinforcing the strategic partnership while providing non-dilutive financial flexibility. Notably, the facility is unsecured and does not require any collateral against the Dome Mountain project.

  • The Company remains fully funded to first production, backed by long-term institutional and strategic investors including Crescat Capital, Phoenix Gold Fund, and Nicola Mining. This strong financial position is further supported by a recently completed financing of over $4.8 million and more than $3.6 million in-the-money warrants, offering additional non-dilutive capital potential.

‘We are entering a new phase of growth,’ added Vig. ‘As a member of the CSE25, we look forward to reaching a broader audience of investors and continuing to create value as we move toward cash flow.’

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and  consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig

President and CEO

Telephone: 604-218-4766

Email: ranavig@bluelagoonresources.com

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

MACD, ADX and S&P 500 action frame Joe Rabil’s latest show, where a drifting index push him toward single-stock breakouts. Joe spotlights the daily and weekly charts of American Express, Fortinet, Parker-Hannifin, Pentair, and ServiceNow as showing strong ADX/MACD characteristics. He outlines how the patterns showing on these charts can outshine the broad market until momentum confirms a larger move.

The video premiered on June 25, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code.

According to the company, no talks have taken place and it has no intention of making an offer.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement released Thursday (June 26) morning.

The clarification came after the Wall Street Journal reported that Shell was in early stage discussions to acquire BP, citing unnamed sources familiar with the matter.

The report characterizes the potential tie up as a “landmark combination” of two supermajor oil companies — one that could rival Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) in scale and reach. It would also represent the largest corporate oil merger since the US$83 billion creation of ExxonMobil at the turn of the century.

Shell’s formal denial triggers Rule 2.8 of the UK City Code on Takeovers and Mergers, barring it from making a bid for BP for the next six months, except under limited circumstances — such as BP inviting an offer, a third-party bid emerging or a material change in circumstances. In doing so, it quells investor anticipation about an energy mega-merger.

“This is a statement to which Rule 2.8 of the Code applies and accordingly Shell confirms it has no intention of making an offer for BP. As a result, Shell will be bound by the restrictions set out in Rule 2.8 of the Code,” the company states.

BP shares react, market speculation continues

The Journal’s report briefly pushed BP shares higher on Wednesday (June 25) before Shell’s denial tempered gains.

As of Thursday, BP’s share price remains one of the most underperforming among major oil companies, still lagging behind competitors after its much-criticized 2020 strategy to shift away from fossil fuels and ramp up its focus on renewables — an approach it has recently walked back.

BP’s market cap currently stands at around US$80 billion. Factoring in a takeover premium, any bid would likely surpass that amount, placing it as potentially the biggest deal of 2025 and the largest in the energy sector in decades.

Shell, which has a market value exceeding US$200 billion, would have to weigh substantial integration and regulatory challenges in any potential transaction. As mentioned, the company would be able to revisit a bid if BP’s board invites it, or if a third-party competitor steps forward, keeping the door technically and legally open.

Fueling the acquisition rumors is mounting pressure from activist hedge fund Elliott Investment Management, which holds over 5 percent of BP’s shares. Elliott has pushed for sharper cost discipline and improved shareholder returns at the company, criticizing what it views as BP’s inconsistent strategy.

In response, BP has taken steps to refocus on core hydrocarbons. It has boosted oil and gas production targets, slashed clean energy investments and begun unloading non-core businesses. The company is in the process of selling its Castrol-branded lubricants division and is exploring divestment from its solar joint venture, Lightsource BP.

BP also announced earlier this month that Chairman Helge Lund — seen as the architect of the company’s now-receding green transition — is set to step down. The leadership shakeup adds to speculation that BP is becoming more receptive to investor demands and, potentially, corporate consolidation.

Whether or not a Shell-BP deal ever materializes, the broader M&A wave sweeping the oil and gas sector shows no signs of slowing. Chevron is in the process of finalizing its US$53 billion acquisition of Hess (NYSE:HES), though that deal faces legal challenges from Exxon Mobil, which holds overlapping interests.

Exxon itself completed a US$60 billion purchase of Pioneer Natural Resources last year. Diamondback Energy’s (NASDAQ:FANG) US$26 billion acquisition of Endeavor Energy Resources in the Permian Basin also reflects the growing appetite for consolidation in an industry facing long-term cost pressures and uncertain regulatory futures.

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

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (June 25) 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) is priced at US$107,736, an increase of two percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.

Bitcoin price performance, June 23, 2025.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$144.38, down 0.6 percent over 24 hours. Its highest valuation on Wednesday was US$147.61, and its lowest was US$143.28.
  • XRP was trading for US$2.20 as markets wrapped, down by 0.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.23, and its lowest price on Wednesday was US$2.18.
  • Sui (SUI) is trading at US$2.76, showing an increaseof 0.1 percent over the past 24 hours. Its lowest valuation was US$2.73, and its highest valuation was US$2.84.
  • Cardano (ADA) is priced at US$0.5709, down by 1.9 percent in 24 hours. Its highest valuation on Wednesday was US$0.5838, and its lowest was US$0.5678.

Today’s crypto news to know

Trump Media’s Bitcoin-Ethereum ETF gains NYSE support

The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.

The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.

This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.

Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.

Bitcoin hashrate drops amid Iran attacks and heatwave

Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.

“Hashrate dropped right after Israel’s initial strike on Iran. It’s not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran’s power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).

“Can’t say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it’s likely this is what caused the drop in hashrate.”

However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.

According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).

The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).

The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.

Coinbase surpasses all-time high

Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.

The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.

Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.

Norwegian deep-sea miner commits to US$1.2 billion Bitcoin strategy

Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.

The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.

To increase transparency, the firm plans to report BTC-per-share data for investors going forward.

Metaplanet raises US$515 million in single-day stock exercise

Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”

While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.

Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.

EU set to ignore ECB’s stablecoin warning, push ahead with new rules

The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.

The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.

ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.

Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.

The new rules are expected to be unveiled within days.

South Korean banks collaborate on won-backed stablecoin

According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin

Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.

The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.

He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.

Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea’s currency and hinder the central bank’s monetary management strategies.

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

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

This post appeared first on investingnews.com

The S&P 500 ($SPX) just logged its second consecutive 1% gain on Tuesday. That’s three solid 1% advances so far in June. And with a few trading days remaining in the month, the index has recorded only one 1% decline so far.

A lot can still happen before the month ends, but, as it stands, June is looking a lot like May, which also saw three 1% gains and one 1% loss. Taken together, these months resemble May and June of last year, although back then the S&P 500 advanced 52 consecutive sessions without a single 1% decline.

What this means for you: After the volatility of March and April—and the sharp rebound in mid-April—there has been a notable shift toward a more consistent uptrend. We talk about this frequently, and it bears repeating: the characteristics of a steady uptrend are unmistakable. It’s the foundation of our analysis that shapes our market outlook.

FIGURE 1. THE NUMBER OF 1% MOVES IN THE S&P 500 IN 2024 AND 2025. June is looking similar to May, which also saw three 1% gains and one 1% loss. It’s echoing the behavior we saw in May and June of 2024.

It all starts with daily price action. Low two-way volatility has set the tone in recent weeks. If this type of month-to-month tempo in daily moves continues, the uptrend can persist. The opposite, of course, is also true.

Zooming In On the Short-Term Moves

Looking at the S&P 500’s recent price action on the short-term chart, the index is now approximately +3% from its recent low last Friday. If this multi-day bounce were to stop now, it would be among the smallest over the last nine months. Indeed, most didn’t get much further before the next bout of profit taking, but this shows how the staircase-like advance could continue.

In other words, if this cadence persists, the S&P 500 could meander through its former highs, i.e., we may not see a resounding breakout. The more boring a move through 6,147, the better.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500. The staircase-like advance in $SPX could continue, and the index could tiptoe through previous highs.

Also, notice how the recent drawdown only pulled the 14-period relative strength index (RSI) on this two-hour chart marginally below the 50 level, which shows that the momentum shift was limited last week. It’s a reminder of how weak the bounce attempt was in March, which set the stage for the second down leg of that move. If the reverse is now true, then another up leg could be afoot soon.

NVDA Stock: A Daily Perspective

NVDA made a new all-time high on Wednesday, the first since January 7. Its participation since the April 7 low has been a major and necessary piece to the SMH, XLK, NDX, and SPX’s rallies, and the global equity market’s overall comeback. 

We last cited the stock on May 27 and May 29 (before and right after it reported earnings), noting the bull flag pattern. The flag has held throughout, and NVDA is now close to achieving that price target. So, what’s next?

FIGURE 3: DAILY CHART OF NVDA’S STOCK PRICE. After the bull flag pattern, NVDA is close to achieving its price target.

NVDA vs. 200-Day Moving Average

NVDA’s comeback has pulled the stock back above its 200-day moving average. We’ve shown this before as the stock was coming back. The last few times NVDA reclaimed the long-term line after spending a long time below it, the stock advanced higher for years.

FIGURE 4. DAILY CHART OF NVDA WITH 200-DAY MOVING AVERAGE. The last few times NVDA broke above its 200-day moving average after spending a long time below it, the stock advanced higher for years.

NVDA Stock: A Weekly Perspective

Even though NVDA made a marginal new high in early January, there was no follow-through. Thus, NVDA remains net flat since November 2024 and isn’t too far above its spike highs from last June either.

Altogether, the round trip can now be viewed as one big bullish pattern. We’ve seen similar formations play out three times since the October low. Once NVDA finally got through those volatile periods and broke out, those strong extensions that we all remember well ensued. Past performance is no guarantee of future returns, but patterns tend to repeat no matter the timeframe. So, we need to respect that the same kind of breakout could happen again with the stock is sitting at the same levels as it was eight months ago, but with strong market-wide demand at its back.

FIGURE 5. WEEKLY CHART OF NVDA. Could a breakout with strong market-wide demand occur?

NVDA – GoNoGo

NVDA’s weekly trend just flipped to positive on the GoNoGo chart, as well. As is clear, the last time this happened was in early 2023, the same time that the first bullish pattern on the preceding chart happened.

FIGURE 6. NVDA’S PRICE ACTION USING GONOGO CHART. The weekly trend just switched to positive. This happened in 2023, which is around the time the first bullish pattern occurred in the weekly chart in Figure 5.

NVDA Stock: A Monthly Perspective

Zooming way out, this also could be the fourth major breakout from a monthly perspective. The prior ones happened in 2015, 2020, and 2023.

FIGURE 7. MONTHLY CHART OF NVDA. There could be a fourth major breakout in NVDA’s stock price.

The Bottom Line

If you’re someone who likes to stay invested with an eye on the long-term, this is the kind of environment where patience pays off. The S&P 500 appears to be building strength, and NVDA is helping lead the charge.


Five months into Vice President JD Vance’s tenure inside the White House, Fox News Digital spoke to several of his colleagues about his specific role and accomplishments, including some that his peers say have been overlooked by most media outlets. 

Several in Vance’s political circle used words like ‘Swiss army knife’ and ‘utility player’ to describe a vice president, who they say flexibly steps into a variety of roles, including being a key voice on Capitol Hill guiding the president’s Cabinet nominees successfully through the Senate.

‘He was very much involved in that, he made phone calls, he listened to people, he provided advice and thoughts and would talk things out with people,’ GOP Sen. Marsha Blackburn said, adding that Vance does not get enough credit for the ‘level of engagement’ with his former colleagues in the Senate. 

Ohio GOP Sen. Bernie Moreno told Fox News Digital that Vance has been an ‘enforcer’ in the Senate, not just when it came to confirming President Donald Trump’s Cabinet in a heated political climate, but also playing a significant role helping the president’s ‘big, beautiful bill’ make its way through Congress. 

If he [Trump] needs help with nominees, he is going to come over and do that, if he needs help with a Big Beautiful Bill, because obviously President Trump has got a lot on his plate, he’ll come over to talk to his colleagues,’ Moreno said. ‘If he has to lobby one on one, he’s built good relationships.’

Moreno, who ran against Vance for Senate in 2022 before dropping out and endorsing him and then running successfully in 2024 with Vance’s endorsement, went on to say that he has not heard ‘one negative comment’ from Republicans in the Senate about Vance’s performance.

In fact, one senator said to me today that their impression after the lunch yesterday was that he really started to look really presidential and how impressive he is,’ Moreno said. 

A senior White House official praised Vance’s ‘direct impact’ in the Senate when it comes to legislative efforts and Cabinet confirmations, adding that Trump’s domestic agenda is where his ‘impact has been felt the most.’ 

JD Vance throughout the whole transition, was always going to bat for Hegseth and for different nominees,’ the official said. ‘So he played a very active role making sure all the various Cabinet officials got confirmed.’

Vance’s influence has been felt on the foreign policy front, as well as the vice president making high-profile trips to India, the Vatican and Germany outlining the president’s ‘America First’ agenda. 

In India, Vance was involved with and touted progress made toward a U.S.-India trade deal, saying a partnership between the Trump administration and Indian Prime Minister Narendra Modi would ensure a 21st century that’s ‘prosperous and peaceful.’ 

Vance delivered a speech in Germany in February when he directly called out the organizers of the Munich conference, who he said had ‘banned lawmakers representing populist parties on both the left and the right from participating in these conversations.’

The speech sparked a social media firestorm, drawing criticism from some and praise from others, including Fox News contributor Jonathan Turley, who described Vance’s remarks as a ‘Churchillian’ moment for free speech. 

As the war between Russia and Ukraine raged on, Vance took an active role in the dialogue between Trump and Ukrainian President Volodymyr Zelenskyy and was front and center in the viral White House blowup between the two leaders, calling out the Ukrainian leader for ‘lack of respect.’

Vance, who has been labeled as an ‘attack dog’ for Trump dating back to the campaign trail last year, gave several interviews outlining his belief that, at the time, Zelenskyy was impeding the peace process. 

Former Trump senior advisor Jason Miller told Fox News Digital that Vance has been influential when it comes to helping promote the president’s foreign policy agenda.’

That influence was on full display in recent weeks as the United States bombed several nuclear sites in Iran, causing a stir with conservatives on social media on the merits of getting involved in a foreign conflict after Trump and Vance campaigned against drawn-out foreign wars of the past. 

‘Going into the conflict with Iran, I think was pretty notable for a couple of things. One, just the fact that the way he was elevated and was at the president’s side for the entire time, really how he had a seat at the table as part of the decision-making and the driving force for what happened,’ Miller said. 

‘But then also, the fact that the vice president played such an important role of talking to people from across the MAGA coalition, people who are very much into America First and may have initially been skeptical with regard to Iran and being kind of the one of the main people in the admin who can kind of talk with both camps,’ he continued. ‘And as we saw with his Twitter posts both before the action and then even afterwards being able to really articulate, lay out the rationale for what President Trump is doing and make sure that the people across the coalition have a clear understanding of it.’

Vance was front and center following the strike on Iran, sitting down for an interview with Fox News anchor Bret Baier on ‘Special Report’ outlining the reasoning for the strike as news broke that a ceasefire had been negotiated with the countries involved. 

The White House official told Fox News Digital that when the president ‘calls a play,’ Vance ‘makes sure it’s run’ even if the two may have a different perspective, which is a sentiment that Miller echoed, saying that Trump promotes a ‘team environment’ to get perspective from all sides, even though he is ultimately the one who makes the final decision.

I think that the president and the vice president are very much in lockstep when it comes to the ultimate goals that they’re trying to accomplish,’ Miller said. 

In terms of the media’s portrayal of the relationship between Trump and Vance, Moreno told Fox News Digital that ‘any story that says there’s daylight between what Trump believes and what JD believes can be rejected out of hand, because it’s not actually how it works.’

‘JD doesn’t view himself as the person who’s there to enact his agenda. He’s there to enact President Trump’s agenda.’

When it comes to Vance’s accomplishments on foreign and domestic policy in the first five months of the administration, both Miller and Moreno expressed the belief that the vice president has gotten more done in half a year than former Vice President Kamala Harris accomplished in four years. 

You’re talking about literally polar opposites between her and JD,’ Moreno said. ‘Even a mentally diminished Biden understood what a great liability Kamala Harris was, he basically froze her and put her in the basement. President Trump realizes, because he’s a very smart guy, because he’s the one that made the decision to pick JD Vance realizes that JD is very effective for him and isn’t looking to overshadow or take the spotlight, but rather move his agenda forward.’

Miller agreed, saying that ‘Vice President Vance is easily the best vice president and most notable Vice President we’ve had in the last 30 plus years and is light years of improvement over Kamala Harris.’

While speculation has run rampant about what the Republican Party will look like after Trump completes his second term and whether Vance is the heir apparent in a crowded Republican field, Miller told Fox News Digital that Vance is not focused on that but has been ‘crushing it’ on the campaign trail raising money for the party. 

He’s a huge draw out on the midterm fundraising trail and he’s someone who many people view as the future of the movement,’ Miller said. 

Ultimately, Moreno told Fox News Digital that he does not think Vance gets enough credit for being one of the most ‘grounded’ politicians he has encountered who genuinely cares for his friends and family and always keeps his humble beginnings in Middletown, Ohio, at the forefront of the decisions he makes. 

‘America First, and I said it when I nominated him in Wisconsin, it’s not a political slogan, it’s his North Star,’ Moreno said. ‘It’s why he is doing what he’s doing. I don’t think people realize that. I think people don’t know enough about him as a man.’

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