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Here’s a quick recap of the crypto landscape for Wednesday (June 11) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$108,710, a slight decrease of 0.8 percent in 24 hours. The day’s range for the cryptocurrency brought a low of US$108,574 and a high of US$110,269.

Bitcoin price performance, June 11, 2025.

Chart via TradingView.

Bitcoin has surged over 10 percent since June 5, briefly reaching US$110,000 on Wednesday.

If Bitcoin breaks its US$112,000 all-time high, analysts believe it could make a rapid rise to US$114,000, with further gains predicted if momentum continues. Experts’ targets range from US$120,000 to US$150,000 in the short term, while long-term forecasts sit between US$1 million and US$2.4 million.

This week’s on-chain analysis from Glassnode shows a deviation from past bull markets, with long-term holders continuing to buy instead of selling. This points to growing institutional interest and a shift toward long-term thinking. Price swings are unusually low, suggesting a stable market, but moves could be sharp if demand shifts.

Ethereum (ETH) ended the day at US$2,810.96, a 1.6 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$2,796.60 and saw a daily high of US$2,870.74

Altcoin price update

  • Solana (SOL) closed at US$162.72, down 0.5 percent over 24 hours. SOL experienced a low of US$163.05 and reached a high of US$167.80 on Wednesday.
  • XRP was trading at US$2.29, down by 0.3 percent to its lowest valuation in 24 hours. The cryptocurrency reached a high of US$2.33 for the day.
  • Sui (SUI) was trading at US$3.42, showing a decreaseof 0.7 percent over the past 24 hours and its lowest valuation of the day. It peaked at US$3.51.
  • Cardano (ADA) closed at its lowest price of the day at US$0.7041, down 0.5 percent over the past 24 hours. Its highest valuation was US$0.7285.

Today’s crypto news to know

Experts make ETF approval calls

Bloomberg exchange-traded fund (ETF) analysts Eric Balchunas and James Seyffart are calling for a ‘potential Alt Coin ETF Summer,’ according to a note released on Wednesday.

“Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs,” an X post from Balchunas states.

They predict that the US Securities and Exchange Commission (SEC) could approve exchange-traded funds (ETFs) tracking broad crypto indexes by July. The SEC could also “act early on spot Solana and staking ETF filings” after REX-Osprey filed for Solana and Ethereum ETFs with staking components using a C-Corp structure on May 30.

Seyffart and Balchunas now place the approval odds of SOL and Litecoin ETFs at 90 percent. Spot Solana ETF approval odds also jumped to 91 percent on Wednesday on Polymarket.

Stripe to acquire Privy

Stripe has announced plans to acquire Privy, a specialized cryptocurrency wallet infrastructure developer, for an undisclosed amount in a deal signaling Stripe’s deepening involvement in the digital asset space.

Under the terms of the purchase, Privy will operate as a subsidiary within Stripe, focusing on providing infrastructure for developers engaged in building solutions on cryptocurrency rails. According to Privy’s announcement, this transition to Stripe’s umbrella will empower the company with “more resources, flexibility, and firepower.”

Privy’s core expertise lies in offering comprehensive infrastructure for companies involved in the development and management of digital asset wallets. Its tech enables millions of secure crypto wallets on a global scale.

This acquisition aligns with the broader trend of established financial institutions and tech giants integrating blockchain and cryptocurrency technologies into their portfolios.

Ukraine considers adding crypto to national reserves

The Verkhovna Rada, Ukraine’s parliament, received a draft bill on Tuesday (June 10) that proposes modifications to banking laws. These changes would permit the National Bank of Ukraine to incorporate cryptocurrencies into its reserves, standing alongside gold and foreign currencies. According to Yaroslav Zhelezniak, a member of parliament who confirmed the introduction of the bill via Telegram, bill 13356 would allow crypto to be included, but the central bank would retain full discretion over how much of its reserves to allocate to crypto and would not be required to add it.

Zhelezniak clarified in a video interview with Kyrylo Khomiakov, Binance’s regional head for Central and Eastern European countries and Central Asia, that while the draft bill has been introduced, the Ukrainian government isn’t pushing for cryptocurrency, but wants to keep pace with its increasing global usage.

“This story has the right to life, and, as we see, many countries are implementing it,” he said.

Bullish confidentially files for US IPO amid pro-crypto climate

Crypto exchange Bullish has confidentially filed for a US initial public offering (IPO), signaling renewed optimism in digital assets as Donald Trump’s administration ushers in a more crypto-friendly regulatory landscape.

Backed by billionaire Peter Thiel and led by former NYSE President Tom Farley, Bullish’s IPO plans mark a major comeback after its failed SPAC merger in 2021. The company’s move follows Circle’s (NYSE:CRCL) blockbuster US$1.1 billion IPO and coincides with a wave of new filings, including Gemini’s confidential application last week.

Jefferies is slated to lead underwriting for Bullish, though the bank has declined to comment.

Ondo brings tokenized US treasuries to XRP ledger

Ondo Finance has launched its tokenized short-term US Treasury product, OUSG, on the XRP Ledger (XRPL), using Ripple’s new RLUSD stablecoin for settlement. This marks the first time tokenized Treasuries are accessible on XRPL, allowing institutional investors to mint and redeem around the clock with instant settlement.

OUSG provides exposure to low-risk, short-term Treasuries and is already live on Ethereum and Solana, with a combined US$670 million in assets across chains. With US$30 million in total value locked already on XRPL, this expansion could significantly scale institutional DeFi on public ledgers.

Strategy hit with lawsuit over alleged misleading Bitcoin strategy

Strategy (NASDAQ:MSTR) is facing a class-action lawsuit alleging that the Michael Saylor-led firm misled shareholders about the risks of its Bitcoin-heavy investment approach.

Law firm Levi & Korsinsky filed the suit on Tuesday, calling on investors who bought shares between April 2024 and April 2025 to join the case, with a lead plaintiff deadline set for July 15.

The complaint cites the company’s recent US$5.91 billion unrealized loss due to Bitcoin’s volatility and claims executives downplayed risk while hyping upside potential. On April 7, the company dropped nearly 9 percent after disclosing a Q1 loss; by May 1, Strategy had formally admitted to the nearly US$6 billion hit.

A second lawsuit, filed by Anas Hamza, is also underway for alleged violations of the Securities Exchange Act.

Saylor has defended the firm’s strategy, arguing that its capital structure is resilient even in the face of a 90 percent Bitcoin crash. Strategy has not issued an official comment on the lawsuits.

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

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs.

The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026.

However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain.

“The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC.

“All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added.

Toto has maintains that the Switch 2 will sell over 20 million units in its first 12 months. David Gibson, senior research analyst at MST Financial told CNBC that he expects 20 million sales for the year ending March 2026.

The Switch 2, which was released on June 5, has been met with much fanfare, with people lining up for hours ahead of midnight releases at Nintendo stores.

“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response.

Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.

It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.

The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand.

Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday.

In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”

However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.

Kantan Games’ Toto said shortages in Japan were expected to persist, but would be less impactful elsewhere.

“Except for Japan where demand for Switch 2 is extraordinarily high, it looks like fans who really want the console and invest time in trying to secure one actually can get one,” he said. “It might take a while, but as far as can be monitored, supply seems to be more robust than around the launch of the original Switch in 2017.”

President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2.

In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.

The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.

Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes.

MST Financial’s Gibson said that a resolution to Trump’s tariffs and lower duty rates could see the Switch 2 prices drop in the U.S.

The Switch 2 builds on the success of the original Switch, featuring a larger screen and improved performance. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.

This post appeared first on NBC NEWS

Nintendo sold more than 3.5 million units of its flagship Switch 2 gaming system in the four days following its launch, with online stores of major U.S. retailers putting up “out of stock” signs.

The record-breaking start for the company’s first new console in eight years, puts Nintendo on the path to realizing its aim of selling 15 million units of the Switch 2 console in the fiscal year ending March 2026.

However, analysts continue to believe that those expectations are modest, and forecast the strong initial demand to sustain.

“The market expected a record from Nintendo, and as it turns out, Nintendo delivered,” Serkan Toto, CEO and founder of gaming industry consultancy Kantan Games, told CNBC.

“All signals prior to launch pointed to significant demand, and I believe we will see further records broken over the next weeks or months,” he added.

Toto has maintains that the Switch 2 will sell over 20 million units in its first 12 months. David Gibson, senior research analyst at MST Financial told CNBC that he expects 20 million sales for the year ending March 2026.

The Switch 2, which was released on June 5, has been met with much fanfare, with people lining up for hours ahead of midnight releases at Nintendo stores.

“Fans around the world are showing their enthusiasm for Nintendo Switch 2 as an upgraded way to play at home and on the go,” Nintendo of America President and Chief Operating Officer Doug Bowser said in a statement, adding the company was thankful for the response.

Tokyo-listed shares of Nintendo, which have gained nearly 30% so far this year, were down 3.5% on Wednesday, LSEG data showed. The company has seen its shares rise nearly fivefold since the original Switch debuted in early March 2017.

It remains to be seen if the Switch 2 can recapture the magic of its predecessor, which had set the bar with 15 million unit sales in its first year. It went on to sell more than 152 million units to become the second-highest selling Nintendo device ever, behind the Nintendo DS.

The record initial sales of the Switch are in line with the strong demand analysts had predicted. However, the rush has put into question Nintendo’s ability to meet demand.

Retailers including Walmart, GameStop, Target and Best Buy were out of stock of the consoles, their online stores showed Wednesday.

In April, Nintendo’s Bowser told CNBC that the company had been working with “retail partners to ensure there’s ample supply for not only the launch weekend, but well beyond.”

However, Nintendo President Shuntaro Furukawa stated the same month that 2.2 million people in Japan had entered the lottery to purchase the Switch 2 on launch day, exceeding expectations and what the company had initially planned to deliver to stores.

Kantan Games’ Toto said shortages in Japan were expected to persist, but would be less impactful elsewhere.

“Except for Japan where demand for Switch 2 is extraordinarily high, it looks like fans who really want the console and invest time in trying to secure one actually can get one,” he said. “It might take a while, but as far as can be monitored, supply seems to be more robust than around the launch of the original Switch in 2017.”

President Donald Trump’s “reciprocal tariffs” on most countries around the world also present headwinds for the Switch 2.

In April, the company announced that it would delay preorders of the Switch 2 in the U.S. while it considers the impact of tariffs.

The Switch 2 retails for $449 in the U.S., which makes it Nintendo’s priciest console to date.

Nintendo’s Bowser said in April the company was going to “monitor where tariffs are going” before making any further decisions on price hikes.

MST Financial’s Gibson said that a resolution to Trump’s tariffs and lower duty rates could see the Switch 2 prices drop in the U.S.

The Switch 2 builds on the success of the original Switch, featuring a larger screen and improved performance. The system also introduces the new GameChat2 feature, which allows players to voice or video chat with friends online and share game screens.

This post appeared first on NBC NEWS

LAS VEGAS. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy.

The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales and restore the chain’s culture.

Schultz, who grew Starbucks from a small chain into a global coffee giant, made a surprise appearance at the company’s Leadership Experience in Las Vegas and cosigned Niccol’s plans. The three-day event has gathered more than 14,000 North American store leaders to hear from Starbucks management as the company embarks on a turnaround.

Niccol took the reins in September, joining the company after the board ousted Laxman Narasimhan, Schultz’s handpicked successor.

Schultz had returned in 2022 for his third stint as chief executive, but it was only an interim role. He previously told CNBC that he has no plans to come back again. Schultz no longer holds a formal role within the company, although CNBC has previously reported that he’s forever entitled to attend board meetings unless barred by the company’s directors.

During Niccol’s first week on the job, he outlined plans for the comeback in an open letter, making the commitment to get “back to Starbucks.” More details on how the chain planned to return to its roots followed in the ensuing months, from bringing back seating inside cafes to writing personalized messages on cups. Under Niccol’s leadership, the company’s marketing has shifted to focus on its coffee, rather than discounts and promotions.

When Starbucks announced Narasimhan’s firing and Niccol’s hiring, Schultz issued a statement of support, saying that the then-Chipotle CEO was the leader that the company needs. However, the Leadership Experience marks the first time that Niccol and Schultz have appeared publicly together.

During Narasimhan’s short tenure as CEO, Schultz did not mince words when the company’s performance fell short of his expectations. After a dismal quarterly earnings report, he weighed in publicly on LinkedIn, saying the company needs to improve its mobile order and pay experience and overhaul how it creates new drinks to focus on premium items that set it apart.

But Schultz said Starbucks’ problems went further than just operational issues and lackluster beverages and food.

“The culture was not understood. The culture wasn’t valued. The culture wasn’t being upheld,” he said on Wednesday.

This post appeared first on NBC NEWS

Sens. Josh Hawley, R-Mo., and Peter Welch, D-Vt., are pushing legislation that would hike the federal minimum wage to $15 per hour and provide for annual increases to account for inflation.

The proposal would implement a dramatic increase from the current $7.25 per hour federal minimum wage, which has been in place for more than 15 years.

‘For decades, working Americans have seen their wages flatline. One major culprit of this is the failure of the federal minimum wage to keep up with the economic reality facing hardworking Americans every day. This bipartisan legislation would ensure that workers across America benefit from higher wages,’ Hawley said, according to press releases from both lawmakers.

The purchasing power of the U.S. dollar has eroded significantly over the years due to inflation.

Under the proposed legislation, the yearly increases to the initial $15 per hour federal minimum wage would be based on ‘the percentage increase, if any, in the Consumer Price Index for Urban Wage Earners and Clerical Workers (or a successor index), as published by the Bureau of Labor Statistics’ and would be ’rounded to the nearest multiple of $0.05, if the amount … is not a multiple of $0.05.’

‘We’re in the midst of a severe affordability crisis, with families in red and blue states alike struggling to afford necessities like housing and groceries. A stagnant federal minimum wage only adds fuel to the fire. Every hardworking American deserves a living wage that helps put a roof over their head and food on the table–$7.25 an hour doesn’t even come close,’ Welch said, according to the releases.

‘Times have changed, and working families deserve a wage that reflects today’s financial reality. I’m proud to lead this bipartisan effort to raise the minimum wage nationwide to help more folks make ends meet,’ the senator added. 

In post on X, conservative commentator Dana Loesch decried the idea of raising the federal minimum wage, pushing back against Hawley’s advocacy for the policy.

‘This is a horrible, progressive idea,’ Loesch asserted in the tweet.

This post appeared first on FOX NEWS

A national security-focused nonprofit organization has released a comprehensive report detailing the workings of a well-funded nominally U.S.-based organization that it says is undermining American energy, pushing left-wing green initiatives, and ultimately advancing Chinese interests. 

The report, published by State Armor, outlines the money trail of Energy Foundation China, registered as a 501(c)(3) nonprofit that is technically headquartered in San Francisco but with employees mostly based in Beijing.

‘Energy Foundation China used to be known as the Energy Foundation before it spun off most of its U.S.-based operations in 2019 into a separate organization called the U.S. Energy Foundation,’ the report explains. ‘While still formally organized as the Energy Foundation, since 2019, the organization has used the alias ‘Energy Foundation China’ or ‘EF China’ to differentiate from the now-separate U.S. Energy Foundation. The group was founded by Hal Harvey, a climate activist and entrepreneur with deep ties to numerous left-wing organizations and to China.’

State Armor found that EFC has ‘spent millions each year to bankroll climate advocates who promote phasing out fossil fuels and implementing green energy alternatives like the Rocky Mountain Institute (RMI) and Natural Resources Defense Council (NRDC), the latter of which was the target of a 2018 Congressional inquiry into whether it should register as a foreign agent based on its Chinese funding.’

The Rocky Mountain Institute produced one of the most prominent studies used by many Democrats to justify cutting down on gas stoves and was cited by President Biden’s Department of Energy. 

Earlier this year, multiple committees joined to begin an investigation into EFC, and requested files from EFC President Zi Chou about financial resources given to American organizations after Fox News Digital reporting on the group funneling millions of dollars to fund climate initiatives and environmental groups in the U.S.

The report details how EFC ‘led a U.S. state-level legislative drive’ against Bayer, the leading Western fertilizer company, that pushed for lawsuits against the company over a potentially carcinogenic pesticide with the aim of driving the company out of the U.S. and in turn forcing reliance on Chinese suppliers. 

The report goes on to outline how the organization has ‘provided millions’ to the International Council on Clean Transportation (ICCT) to support ‘a clean energy future’ and how ICCT was an ‘active supporter’ of climate initiatives in the Inflation Reduction Act targeting increased battery electric trucking infrastructure. 

Fox News Digital reported in 2023 that The Energy Foundation sent $480,000 to the Washington, D.C.-based International Council on Clean Transportation, which advocates for widespread EV adoption and policies decarbonizing the transportation sector broadly. It also wired grants — one to the University of Maryland and another to the Jackson Hole Center for Global Affairs — worth a total of $450,000 and earmarked for projects to phase out coal power reliance.

Josh Hodges, Commissioner on the U.S.-China Economic and Security Review Commission and former National Security Advisor to Speaker of the House Mike Johnson and NSC Senior Director in the first Trump Administration, told Fox News Digital that EFC is a ‘textbook example of the CCP’s asymmetric warfare strategy and drive to deepen its dominance over American companies.’

‘Communist China is manipulating a supposed philanthropic network to steer the U.S. away from reliable domestic energy sources and into dependence on Chinese supply chains,’ Hodges said. ‘Whether it’s solar panels, mobile phones, electric vehicle batteries, or agricultural chemicals, Beijing’s fingerprints are all over the ‘green transition’ being pushed on America.’

The report quotes Chinese climate envoy Liu Zhenmin who suggested that Biden’s green energy policies will remain even under a more skeptical Trump administration and said, ‘even if the new Trump administration reverses climate change policies, it is unlikely to completely change the green transition actions that have already begun in various parts of the U.S.’

‘In other words, the CCP’s penetration of the U.S.’ political and industrial systems runs so deep that CCP officials believe that not even a skeptical White House could halt America’s growing dependence upon Chinese technologies,’ the report states. 

Will Hild, Executive Director of Consumers’ Research told Fox News Digital that the report ‘exposes a disturbing truth’ that EFC is part of a broader push to undermine American energy independence and ‘stifle’ the Trump energy agenda to benefit the CCP. 

EFC is weaponizing woke ideology to pull off this scheme and force American consumers to rely on the Chinese Communist Party for energy sources,’ Hild said. ‘Americans deserve to know the truth about our foreign adversary’s campaign that is poisoning our economy and reshaping our energy future. We applaud organizations like State Armor that are working to expose these grifts against consumers.’

In addition to the EFC’s climate activism, the report focuses on how, by ‘co-opting climate activism and dominating new so-called green supply chains, Beijing converts a domestic weakness into a global strength’ while also detailing the ties between EFC and the CCP. 

For example, EFC’s CEO Zou Ji has served in previous roles at top leadership positions in China’s official National Center for Climate Change Strategy within the National Development and Reform Commission of the State Council. 

‘He was so deeply tied into CCP leadership that he was included as a part of China’s delegation to the 2015 Paris Climate Talks,’ the report says. ‘Zou’s other affiliations include a position at Tsinghua University at a center where his colleagues include a retired senior PLA officer and a former deputy director of an MSS think tank.’

Zou is not the only EFC figure with ties to the CCP, the report says, pointing to EFC Board Member and Washington, D.C. based attorney Hongjun Zhang, who serves as a member of China’s Council for International Cooperation on Environment and Development and was previously a legislative director for the China National People’s Congress. 

Zhang, according to his law firm’s bio page, spent ‘many years in the Chinese government’ that included work at the ‘Ministry of Industry and Information Technology (MIIT), Ministry of Commerce (MOFCOM), State Food and Drug Administration (CFDA), Ministry of Agriculture (MOA), and National Development and Reform Commission.’ 

The report states that EFC’s operations in China are overseen by the CCP’s National Development and Reform Commission (NDRC) and that the organization’s Beijing headquarters are located in a building owned by a state-owned investment corporation tied to Chinese state media propaganda. 

Rep. John Moolenar, R-Mich., who is the chairman of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, sounded the alarm over the report, telling Fox News Digital ‘This report confirms what we’ve long warned: the Chinese Communist Party is using seemingly innocuous nonprofits to influence American policy and undermine U.S. interests — in this case, our energy independence.’

‘Energy Foundation China operates at the direction of the CCP and is exploiting our charitable system to push policies that benefit Beijing, not the American people,’ Moolenar continued. ‘The Select Committee continues to investigate how CCP-linked organizations infiltrate U.S. institutions, shift critical supply chains toward China, and shape environmental agendas that aim to make America weaker while China gets stronger. We will continue to expose these influence operations and work with Congress and the Administration to safeguard U.S. energy security and national sovereignty.’

The report also points to examples of EFC collaborating with U.S. entities and officials including in 2023 when it ‘provided support’ for an event that featured California Gov. Gavin Newsom during a visit to China and then hosted a forum a month later for a discussion promoting ‘low-carbon cooperation between the two nations.’

Vance Wagner, the vice president for strategic partnerships at Energy Foundation China, pushed back on the report, telling Fox News Digital that ‘Energy Foundation China (EFC) is an independent grantmaking charitable organization that provides funding for research and capacity building related to climate change and China.’

‘Climate change is one of the greatest threats facing our world. Our work is currently focused on China given the scale of its energy sector and its role in global emissions. Despite geopolitical tensions, meaningful engagement with China on climate change and emissions reductions is in everyone’s interests,’ Vance continued. ‘All grants we make support projects related to climate change and China, and are in no way related to influencing U.S. energy policy. EFC does not accept funding from any government or political party.’

‘Neither the Chinese government nor the CCP fund, direct, or control EFC or our grant-making decisions,’ he added. ‘We are compliant with all U.S. and Chinese laws and regulations and do not lobby or support electoral activities in any country.’

The report states that between 2020 and 2021, EFC gave over $1 million to the Department of Energy’s Lawrence Berkeley National Laboratory for funding ‘green energy research’ and laboratory training increasing the efficiency of China’s industrial sectors. 

The Biden administration, according to the report, gave $60 million in grants to the Institute for Sustainable Communities, which is a group ‘frequently in collaboration with Energy Foundation China.’

‘America’s energy security is national security,’ Jason Isaac, CEO of American Energy Institute, told Fox News Digital. 

‘The State Armor report lays bare how the Chinese Communist Party has co-opted climate activism to shift the U.S. onto so-called ‘green’ technologies that are manufactured, mined, and controlled by China. From solar panels to EV batteries and rare earth minerals, our supply chains are increasingly entangled with a foreign adversary that uses forced labor, ignores environmental safeguards, and openly aims to dominate the global energy future. This isn’t progress—it’s dependence. Real energy dominance means leveraging America’s vast domestic energy resources, not outsourcing our future to Beijing.’

Along with the report, State Armor has sent letters to Republican committee chairs in Congress, including Chairmen Grassley, Lee, Moolenaar, Comer, and Guthrie, that call for prompt oversight on the matter. 

‘Congress must act,’ the letter, authored by Lucci, implores. ‘Oversight is urgently needed to expose the full extent of this operation, beginning with Energy Foundation China. The EFC is not a passive observer; it is an active player in a geopolitical contest where America’s energy security and global leadership hang in the balance.’

Fox News Digital’s Thomas Catenacci and Joe Schoffstall contributed to this report

This post appeared first on FOX NEWS

An Iowa congressman is taking a major step toward running for governor on Wednesday.

Rep. Randy Feenstra, R-Iowa, is launching a finance committee comprised of 47 top donors and business leaders in the Hawkeye State, Fox News Digital is learning first.

‘I am grateful for the overwhelming support that our campaign has received from Iowans who believe in our mission to take our state to new heights,’ Feenstra said in a statement.

‘Our finance committee will ensure we have the resources necessary for victory. I cannot thank our supporters enough for their support and confidence in our campaign.’

Feenstra has not formally announced a campaign for governor, but he’s now taken several steps in the process ahead of the 2026 elections.

He revealed last month that he is exploring a run for the role after the current governor, Republican Kim Reynolds, said she was stepping aside after serving two terms in Des Moines. 

Feenstra also filed a ‘Feenstra for Governor’ organizing committee.

It’s not clear when the official kickoff will be, but Feenstra is all but certain to join an increasingly crowded field of candidates for the open seat.

Members of the campaign committee include Kurt Croell, the owner of a concrete company who’s donated to both Reynolds and President Donald Trump, and members of the Doll family, who own beer company Doll Distributing.

West Des Moines Mayor Russ Trimble is also on the list, as are Nutratech executives Andy and Russ Kosky, among others.

Feenstra has represented Iowa’s 4th Congressional District since 2021, and serves key roles in the House as a member of both the Agriculture and Ways & Means Committees.

Other Republicans running to lead the state include state lawmaker Eddie Andrews and Brad Sherman, a former state representative.

The GOP primary could turn into a high-profile political clash if Iowa Attorney General Brenna Bird enters the race. 

Iowa House Speaker Pat Grassley, grandson of U.S. Sen. Chuck Grassley, R-Iowa, is also publicly toying with a bid.

On the Democratic side, Iowa auditor Rob Sand is among the declared candidates, as is Julie Stauch, who served as Pete Buttigieg’s 2020 presidential campaign Iowa political director.

This post appeared first on FOX NEWS

The Justice Department says President Donald Trump has the right to abolish national monuments established by former President Joe Biden at the request of Native American tribes.

In the final days of his presidency, Biden established the Chuckwalla National Monument and the Sáttítla Highlands National Monument to protect hundreds of thousands of acres of land in California. According to Reuters, the Chuckwalla National Monument protects over 624,000 acres, while the Sáttítla Highlands National Monument protects 224,000 acres.

The monuments could lose their status after a Trump DOJ legal opinion reversed a 1938 determination that presidents did not have the power to abolish monuments designated by previous presidents under the Antiquities Act of 1906. 

Deputy Assistant Attorney General Lanora Pettit argued in the opinion that ‘for the Antiquities Act, the power to declare carries with it the power to revoke.’

In his first term, Trump reduced the size of Bears Ears and Grand Staircase Escalante National Monuments in Utah, according to the Associated Press. The outlet noted that Trump claimed the monuments were a ‘massive land grab.’ However, Biden later restored them during his term in office.

The DOJ’s opinion, which was released on Tuesday, has already drawn backlash as Sen. Martin Heinrich, D-N.M., slammed the Trump administration.

‘At Donald Trump’s order, his Justice Department is attempting to clear a path to erase national monuments,’ said Heinrich, who serves as the ranking member of the Senate Natural Resources Committee. ‘Here’s what they don’t understand: Our national monuments are about who we are. They tell the story of our ancestors, support jobs and our rural economies, and connect Americans to our history and the land itself. No president can erase that.’

Heinrich also vowed to oppose Republican efforts ‘to rip away our national monuments.’

In the legal opinion, Pettit wrote that Biden’s designation of the new monuments was part of a larger effort to create an environmental legacy for himself. She also appeared to discredit Biden’s reasons for designating the sites as national monuments, including the creation of more places for outdoor recreational activities, like biking, hiking, hunting and camping.

‘Such activities are entirely expected in a park, but they are wholly unrelated to (if not outright incompatible with) the protection of scientific or historical monuments,’ Pettit wrote.

There is no clear indication if or when Trump would revoke the status of the two sites established by Biden—or the status of any other monuments. However, according to Reuters, White House spokesperson Harrison Fields spoke about the need to ‘liberate our federal lands and waters to oil, gas, coal, geothermal, and mineral leasing’ when asked about the opinion.

This post appeared first on FOX NEWS

A national security-focused nonprofit organization has released a comprehensive report detailing the workings of a well-funded nominally U.S.-based organization that it says is undermining American energy, pushing left-wing green initiatives and ultimately advancing Chinese interests. 

The report, published by State Armor, outlines the money trail of Energy Foundation China (EFC), registered as a 501(c)(3) nonprofit that is technically headquartered in San Francisco but with employees mostly based in Beijing.

‘Energy Foundation China used to be known as the Energy Foundation before it spun off most of its U.S.-based operations in 2019 into a separate organization called the U.S. Energy Foundation,’ the report explains. ‘While still formally organized as the Energy Foundation, since 2019, the organization has used the alias ‘Energy Foundation China’ or ‘EF China’ to differentiate from the now-separate U.S. Energy Foundation. The group was founded by Hal Harvey, a climate activist and entrepreneur with deep ties to numerous left-wing organizations and to China.’

State Armor found that EFC has ‘spent millions each year to bankroll climate advocates who promote phasing out fossil fuels and implementing green energy alternatives like the Rocky Mountain Institute (RMI) and Natural Resources Defense Council (NRDC), the latter of which was the target of a 2018 Congressional inquiry into whether it should register as a foreign agent based on its Chinese funding.’

The Rocky Mountain Institute produced one of the most prominent studies used by many Democrats to justify cutting down on gas stoves and was cited by President Joe Biden’s Department of Energy. 

Earlier this year, multiple committees joined to begin an investigation into EFC, and requested files from EFC President Zi Chou about financial resources given to American organizations after Fox News Digital reporting on the group funneling millions of dollars to fund climate initiatives and environmental groups in the U.S.

The report details how EFC ‘led a U.S. state-level legislative drive’ against Bayer, the leading Western fertilizer company, that pushed for lawsuits against the company over a potentially carcinogenic pesticide with the aim of driving the company out of the U.S. and in turn forcing reliance on Chinese suppliers. 

The report goes on to outline how the organization has ‘provided millions’ to the International Council on Clean Transportation (ICCT) to support ‘a clean energy future’ and how ICCT was an ‘active supporter’ of climate initiatives in the Inflation Reduction Act targeting increased battery electric trucking infrastructure. 

Fox News Digital reported in 2023 that The Energy Foundation sent $480,000 to the Washington, D.C.-based International Council on Clean Transportation, which advocates for widespread EV adoption and policies decarbonizing the transportation sector broadly. It also wired grants – one to the University of Maryland and another to the Jackson Hole Center for Global Affairs – worth a total of $450,000 and earmarked for projects to phase out coal power reliance.

Josh Hodges, commissioner on the U.S.-China Economic and Security Review Commission and former national security advisor to House Speaker Mike Johnson, R-La., and NSC senior director in the first Trump administration, told Fox News Digital that EFC is a ‘textbook example of the CCP’s asymmetric warfare strategy and drive to deepen its dominance over American companies.’

‘Communist China is manipulating a supposed philanthropic network to steer the U.S. away from reliable domestic energy sources and into dependence on Chinese supply chains,’ Hodges said. ‘Whether it’s solar panels, mobile phones, electric vehicle batteries, or agricultural chemicals, Beijing’s fingerprints are all over the ‘green transition’ being pushed on America.’

The report quotes Chinese climate envoy Liu Zhenmin, who suggested that Biden’s green energy policies will remain even under a more skeptical Trump administration and said, ‘even if the new Trump administration reverses climate change policies, it is unlikely to completely change the green transition actions that have already begun in various parts of the U.S.’

‘In other words, the CCP’s penetration of the U.S.’ political and industrial systems runs so deep that CCP officials believe that not even a skeptical White House could halt America’s growing dependence upon Chinese technologies,’ the report states. 

Will Hild, executive director of Consumers’ Research, told Fox News Digital that the report ‘exposes a disturbing truth’ that EFC is part of a broader push to undermine American energy independence and ‘stifle’ the Trump energy agenda to benefit the CCP. 

EFC is weaponizing woke ideology to pull off this scheme and force American consumers to rely on the Chinese Communist Party for energy sources,’ Hild said. ‘Americans deserve to know the truth about our foreign adversary’s campaign that is poisoning our economy and reshaping our energy future. We applaud organizations like State Armor that are working to expose these grifts against consumers.’

In addition to the EFC’s climate activism, the report focuses on how, by ‘co-opting climate activism and dominating new so-called green supply chains, Beijing converts a domestic weakness into a global strength’ while also detailing the ties between EFC and the CCP. 

For example, EFC’s CEO Zou Ji has served in previous roles at top leadership positions in China’s official National Center for Climate Change Strategy within the National Development and Reform Commission of the State Council. 

‘He was so deeply tied into CCP leadership that he was included as a part of China’s delegation to the 2015 Paris Climate Talks,’ the report says. ‘Zou’s other affiliations include a position at Tsinghua University at a center where his colleagues include a retired senior PLA officer and a former deputy director of an MSS think tank.’

Zou is not the only EFC figure with ties to the CCP, the report says, pointing to EFC board member and Washington, D.C. based attorney Hongjun Zhang, who serves as a member of China’s Council for International Cooperation on Environment and Development and was previously a legislative director for the China National People’s Congress. 

Zhang, according to his law firm’s bio page, spent ‘many years in the Chinese government’ that included work at the ‘Ministry of Industry and Information Technology (MIIT), Ministry of Commerce (MOFCOM), State Food and Drug Administration (CFDA), Ministry of Agriculture (MOA), and National Development and Reform Commission.’ 

The report states that EFC’s operations in China are overseen by the CCP’s National Development and Reform Commission (NDRC) and that the organization’s Beijing headquarters are located in a building owned by a state-owned investment corporation tied to Chinese state media propaganda. 

Rep. John Moolenaar, R-Mich., who is the chairman of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, sounded the alarm over the report, telling Fox News Digital, ‘This report confirms what we’ve long warned: the Chinese Communist Party is using seemingly innocuous nonprofits to influence American policy and undermine U.S. interests – in this case, our energy independence.’

‘Energy Foundation China operates at the direction of the CCP and is exploiting our charitable system to push policies that benefit Beijing, not the American people,’ Moolenaar continued. ‘The Select Committee continues to investigate how CCP-linked organizations infiltrate U.S. institutions, shift critical supply chains toward China, and shape environmental agendas that aim to make America weaker while China gets stronger. We will continue to expose these influence operations and work with Congress and the administration to safeguard U.S. energy security and national sovereignty.’

The report also points to examples of EFC collaborating with U.S. entities and officials, including in 2023 when it ‘provided support’ for an event that featured California Gov. Gavin Newsom during a visit to China and then hosted a forum a month later for a discussion promoting ‘low-carbon cooperation between the two nations.’

Vance Wagner, the vice president for strategic partnerships at Energy Foundation China, pushed back on the report, telling Fox News Digital, ‘Energy Foundation China (EFC) is an independent grantmaking charitable organization that provides funding for research and capacity building related to climate change and China.’

‘Climate change is one of the greatest threats facing our world. Our work is currently focused on China given the scale of its energy sector and its role in global emissions. Despite geopolitical tensions, meaningful engagement with China on climate change and emissions reductions is in everyone’s interests,’ Vance continued. ‘All grants we make support projects related to climate change and China, and are in no way related to influencing U.S. energy policy. EFC does not accept funding from any government or political party.’

‘Neither the Chinese government nor the CCP fund, direct, or control EFC or our grant-making decisions,’ he added. ‘We are compliant with all U.S. and Chinese laws and regulations and do not lobby or support electoral activities in any country.’

The report states that between 2020 and 2021, EFC gave over $1 million to the Department of Energy’s Lawrence Berkeley National Laboratory for funding ‘green energy research’ and laboratory training increasing the efficiency of China’s industrial sectors. 

The Biden administration, according to the report, gave $60 million in grants to the Institute for Sustainable Communities, which is a group ‘frequently in collaboration with Energy Foundation China.’

‘America’s energy security is national security,’ Jason Isaac, CEO of American Energy Institute, told Fox News Digital. 

‘The State Armor report lays bare how the Chinese Communist Party has co-opted climate activism to shift the U.S. onto so-called ‘green’ technologies that are manufactured, mined, and controlled by China. From solar panels to EV batteries and rare earth minerals, our supply chains are increasingly entangled with a foreign adversary that uses forced labor, ignores environmental safeguards, and openly aims to dominate the global energy future. This isn’t progress – it’s dependence. Real energy dominance means leveraging America’s vast domestic energy resources, not outsourcing our future to Beijing.’

Along with the report, State Armor has sent letters to Republican committee chairs in Congress that call for prompt oversight on the matter. 

‘Congress must act,’ the letter, authored by Lucci, implores. ‘Oversight is urgently needed to expose the full extent of this operation, beginning with Energy Foundation China. The EFC is not a passive observer; it is an active player in a geopolitical contest where America’s energy security and global leadership hang in the balance.’

Fox News Digital’s Thomas Catenacci and Joe Schoffstall contributed to this report

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Radiopharm Theranostics (ASX:RAD, ‘Radiopharm’ or the ‘Company’), a clinical-stage biopharmaceutical company focused on developing innovative oncology radiopharmaceuticals for areas of high unmet medical need, today announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation for RAD101 to distinguish between recurrent disease and treatment effect of brain metastases originating from solid tumors of different origin including leptomeningeal disease.

RAD101 is the Company’s novel imaging small molecule that targets fatty acid synthase (FASN), a multi-enzyme protein that catalyses fatty acid synthesis and is overexpressed in many solid tumors, including cerebral metastases.

‘The FDA’s Fast Track Designation for RAD101 highlights the seriousness of recurrent brain metastases as a condition and the unmet medical need for innovative products that can differentiate between tumor recurrence and radiation necrosis or pseudprogression,’ said Riccardo Canevari, CEO and Managing Director of Radiopharm Theranostics. ‘RAD101 represents a promising advancement in improving diagnostic precision for brain metastases, offering hope for more effective clinical decision-making in the over 300,000 patients diagnosed annually in the U.S. We are excited to advance our Phase 2 clinical trial and anticipate sharing topline results in the second half of 2025.’

The FDA’s Fast Track designation is designed to facilitate the development and expedite the review of drugs that are intended to treat serious or life-threatening conditions and demonstrate the potential to address an unmet medical need. A Sponsor that receives Fast Track designation may be eligible for more frequent meetings and communications with the FDA and rolling review of any application for marketing approval. A Sponsor’s drug receiving Fast Track designation also may be eligible for Priority Review if relevant criteria are met.

About the Phase 2 Clinical Trial of RAD101

The U.S. multicenter, open-label, single arm Phase 2b clinical trial is evaluating the diagnostic performance of 18F-RAD101 in 30 individuals with confirmed recurrent brain metastases from solid tumors of different origins. The primary objective of the study is concordance between 18F-RAD101 positive lesions and those seen in conventional imaging (MRI with gadolinium) in participants with suspected recurrent brain metastases. Secondary endpoints are accuracy, sensitivity and specificity of RAD101 in identifying tumor recurrence versus radiation necrosis in previously stereotactic radiosurgery (SRS)-treated brain metastases.

About RAD101

RAD101 is the Company’s novel imaging small molecule that targets fatty acid synthase (FASN), a multi-enzyme protein that catalyses fatty acid synthesis and is overexpressed in many solid tumors, including cerebral metastasis. Targeting FASN activity may allow for the more accurate detection of cancer cells, representing a clinically relevant method for the imaging of brain metastases. Positive data from the Imperial College of London’s Phase 2a imaging trial of 18F-RAD101 in patients with brain metastases (both SRS pre-treated and treatment naïve patients) showed significant tumor uptake that was independent from the tumor of origin. The study further indicated that PET-MRI may potentially represent a non-invasive prediction of overall-survival, warranting larger studies.

About Radiopharm Theranostics

Radiopharm Theranostics is a clinical stage radiotherapeutics company developing a world-class platform of innovative radiopharmaceutical products for diagnostic and therapeutic applications in areas of high unmet medical need. Radiopharm is listed on ASX (RAD) and on NASDAQ (RADX). The company has a pipeline of distinct and highly differentiated platform technologies spanning peptides, small molecules and monoclonal antibodies for use in cancer. The clinical program includes one Phase 2 and three Phase 1 trials in a variety of solid tumor cancers including lung, breast, and brain metastases. Learn more at radiopharmtheranostics.com .

Authorised on behalf of the Radiopharm Theranostics board of directors by Chairman Paul Hopper.

For more information:

Riccardo Canevari
CEO & Managing Director
P: +1 862 309 0293
E: rc@radiopharmtheranostics.com

Anne Marie Fields
Precision AQ (Formerly Stern IR)
E: annemarie.fields@precisionaq.com

Paul Hopper
Executive Chairman
P: +61 406 671 515
E: paulhopper@lifescienceportfolio.com

Media
Matt Wright
NWR Communications
P: +61 451 896 420
E: matt@nwrcommunications.com.au

News Provided by GlobeNewswire via QuoteMedia

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