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A fast-moving wildfire reached the outskirts of Marseille, France’s second-largest city, on Tuesday, leading its airport to be shut down, with residents told to stay indoors and shut all openings to be safe from the smoke.

The blaze, fanned by winds of up to 70 kilometers per hour, could be smelled in the center of Marseille, residents said, as thick clouds of smoke hovered over the city.

“It’s very striking – apocalyptic even,” said Monique Baillard, a resident of Les Pennes-Mirabeau, a town north of Marseille where the fire, which has now burned across around 350 hectares, started.

Wildfires, which have become more destructive in Mediterranean countries in recent years due to climate change, were also raging in northeastern Spain, where large parts of the country were on high alert for fires.

Last week there were fires on the Greek island of Crete and in Athens, as much of Europe sweltered in an early summer heatwave.

As the fire was spreading, residents of Marseille’s 16th borough, which borders Les Pennes-Mirabeau, were also instructed by the prefecture to stay home, close doors and shutters and put damp cloths on any openings.

“The fire that started in Pennes-Mirabeau is now at the gates of Marseille,” mayor Benoit Payan said on X.

One bank worker reached by phone said: “The sky is grey with ash, and the smell of fire is very strong in the center of Marseille.”

Residents were told not to evacuate unless ordered to, to leave roads free for rescue services.

“At this stage, populations must remain confined,” the Provence-Alpes-Côte d’Azur prefecture posted on X. “Close shutters, doors, keep your property clear for emergency services, and do not travel on the roads.”

The local fire service said on X that 168 firefighters had been deployed to fight the blaze. Fire engines and helicopters were also being used.

A spokesperson for Marseille airport, France’s fourth-busiest, said planes had not been taking off or landing since around midday and some flights had been diverted to Nice, Nimes and other regional airports. It was unclear when the airport would reopen.

Train lines heading north and west from Marseille were suspended due to a fire near the tracks, the SNCF train operator said.

Meanwhile, a wildfire that started near Narbonne, in southwestern France, was still active on Monday, fanned by winds of 60 kilometers per hour.

Some 2,000 hectares have burnt, the local prefecture said.

This post appeared first on cnn.com

Dylan Earl said he needed a “fresh start” in life. Unsatisfied by his prospects in his dreary English town, he decided to orchestrate a terrorist attack in London on behalf of a Russian mercenary group.

If he’d had things his way, the 20-year-old, small-time drug dealer would have moved to Russia to join its military. He’d heard that he could make good money fighting for what he saw as a just cause but feared his lack of spoken Russian would hold him back.

As it happened, Earl was able to join the war from the comfort of his home in England’s Midlands. All it took was a simple “Hi” to an anonymous Telegram account called “Privet Bot” that was inviting Europeans to join the “resistance” against Ukraine’s allies.

Just five days later, Earl arranged for a group of men to set fire to a warehouse in east London, choosing the target because of its links to Ukraine. The next month, Earl was arrested and charged with aggravated arson and an offense under the UK’s new National Security Act, to which he pleaded guilty. A second suspect, Jake Reeves, would plead guilty to aggravated arson and another National Security Act charge.

More than a year on, six others stood trial between May and July at London’s Old Bailey in relation to the attack.

On Tuesday, three were convicted by the jury of aggravated arson, while a fourth – the man who prosecutors said drove them to the site – was acquitted of that charge, which he denied.

Of the two men accused of failing to inform the police of a potential terror attack, one was acquitted on two counts and the other found guilty on one count and cleared of a second.

British prosecutors said the “Privet Bot” account was associated with Wagner, a Russian mercenary group that has fought in Ukraine and maintained Moscow’s footprint in Africa. The account is now defunct, but correspondence revealed in the trial showed the length to which operatives went to recruit foot soldiers in the “shadow war” against the West.

Russia has not relied on well-trained agents in this campaign, but a network of low-level criminals: some sympathetic to Moscow’s cause, others simply wanting cash. Whereas espionage and sabotage used to take years to recruit and plan for, these operations now require just a few hours on Telegram and some cash. Analysts say this tactic is a dark spin on the modern “gig” economy: Hostile states use a young workforce that is temporary and flexible. The work is on-demand, just-in-time, no-strings-attached.

This has created headaches for those tasked with keeping Europe safe. Ken McCallum, the head of MI5, Britain’s domestic intelligence service, warned last year that Russia is on a “mission to generate mayhem on British and European streets.” Richard Moore, then head of MI6, the foreign intelligence agency, put it more bluntly: “Russian intelligence services have gone a bit feral.”

Some messages were deleted by the suspects, and investigators could not establish the identity of all the anonymous accounts involved. Where reproduced, some exchanges have been edited for clarity and length.

The crime

Earl made money dealing cocaine, with about £20,000 ($27,000) in cash and more in cryptocurrency to show for his exploits. But he wanted to make it big, and that meant getting out of England. One place in particular caught his eye.

It is not clear when Earl first became interested in Russia. On June 23, 2023, he joined a Telegram group called “AP Wagner Chat.” That same night, Yevgeny Prigozhin – then the head of Wagner – declared what would prove to be a short-lived mutiny against Russian President Vladimir Putin. Prigozhin died in a plane crash two months later.

Earl joined both smaller pro-Russian Telegram chats and larger groups such as “Grey Zone,” which boasted some 500,000 subscribers, and, according to British investigators, functioned as Wagner’s de facto mouthpiece. At least eight times between 2023 and 2024, the trial jury heard, the account promoted “Privet Bot,” encouraging people to join operations across Europe.

The account soon gave Earl his first target: a warehouse in Leyton, east London. The site was run by a Ukrainian man, whose businesses included delivering Starlink internet terminals to Ukraine – crucial technology for Kyiv’s war effort.

In case Earl was not sure what kind of work he was getting into, “Privet Bot” told him to watch the series “The Americans” – a Cold War drama in which Russian spies, embedded in Washington, DC, conduct dangerous missions for the Soviet Union.

The new world

Earl may have imagined himself as a Cold War-era spy, but much of that world has faded.

Landsbergis said it was like drones replacing legacy equipment on the battlefields of Ukraine. “They’re just cheaper, and as efficient to (achieve) your stated goals.”

Russia’s shift to this tactic may initially have been out of necessity. With hundreds of its diplomats and agents expelled from European countries in the wake of Russia’s full-scale invasion of Ukraine, Moscow had to get creative in how it conducted its operations.

But the tactic proved fruitful: Attacks like that in Leyton are cheap to set up, often deniable, and below the threshold likely to trigger a response under NATO’s Article 5.

The foot soldiers

Earl was committed to the mission; he just needed recruits. He found one in Reeves, a 23-year-old from Croydon, south London. It is not clear how Earl and Reeves first came into contact.

By day, Reeves worked as a cleaner at London’s Gatwick Airport. But in his ketamine-fueled nights, he became increasingly fascinated with his contact, Earl, whom he believed to be a Russian national, or at least a Russian speaker, with ties to the Kremlin.

While lacking Earl’s ideological fervor, Reeves could still help his cause by finding him willing foot soldiers. Prosecutors alleged he recruited Nii Mensah, now 23, another Croydon local who said he was “down for da cause,” as well as a large payday. Mensah appears to have recruited Jakeem Rose, also now 23, who lived near Mensah. Now they just needed a driver.

The night

Paul English took a laxative on the evening of March 20, 2024, to prepare for his bowel cancer screening the next morning. Planning for a quiet night, the 61-year-old would instead find himself driving “cross-legged” across London.

His neighbor’s son, Ugnius Asmena, needed a favor. He and his mates needed a lift around the city. Might English be able to help out?

As English recalled in his police interview, Asmena’s offer was simple: £500 for a night’s work – half up front, the rest later. All he had to do was take him to Croydon, pick up a couple of others, then head north across the River Thames. English agreed, because he was “skint,” or broke. Soon after, he was driving towards Leyton with Asmena in the front, and two others – Mensah and Rose – in the back, prosecutors said.

English said he did as he was told: He drove to Leyton, filling a jerry can with gasoline en route, and waited in the car with Asmena, while Mensah and Rose got out to “do their thing.” Minutes later, the pair jumped over the fence and back into the car, leaving English to make their getaway.

Just before midnight, the London Fire Brigade was called to the Cromwell Industrial Estate. The blaze caused more than £1 million in damage, the court heard.

Later that night, Mensah Googled “Leyton fire.”

“Bro lol,” he said to Earl on Telegram. “It’s on the news.”

When the jury returned Tuesday after several days of deliberation, Asmena, Rose and Mensah were each found guilty of aggravated arson, charges they had denied. English was acquitted of the same charge, which he had also denied.

The motive

Burning a warehouse will not on its own tip the balance of the war in Russia’s favor. But cumulatively, such attacks can unsettle Ukraine’s Western backers.

According to a database of alleged Russian “shadow” attacks compiled by the US-based Center for Strategic and International Studies (CSIS) think-tank, the number carried out quadrupled between 2022 and 2023, then nearly tripled between 2023 and 2024.

These alleged attacks have included blazes at a shopping mall in Poland and an Ikea store in Lithuania, cyberattacks on Czech railways, and the vandalism of Jewish buildings in France. Russia has denied allegations of any involvement.

Recalling his time in office in Lithuania, Landsbergis said responding to such attacks felt like playing whack-a-mole: “You catch one and Russia easily replaces them with several others hired through Telegram.”

Galeotti, the Russia analyst, said this alleged campaign has two main goals: To show Europe that there are costs to backing Ukraine, and – even if the operations fail – to cultivate a “general sense of chaos” in Europe.

“Everything that goes wrong, someone sees the ‘dread hand’ of Putin behind it,” Galeotti said. “If nothing else, it makes the Russians seem much more powerful that they really are.”

The fallout

Back in Croydon, Mensah wanted payment. But there was a holdup: Earl said he wouldn’t be paid until the Russians could judge the extent of the damage.

But “Privet Bot” wasn’t happy. It told Earl that he had jumped the gun. “We could have burned the warehouses much better and more if we had coordinated our actions,” it told him. As such, Earl wouldn’t receive the full fee.

Earl’s accomplices grew bitter – none more so than Mensah. Earl couldn’t stump up the cash for the first job, but felt he had something better: an even more lucrative contract for another arson attack – this time in London’s swish Mayfair district.

The targets were a restaurant and wine shop owned by Yevgeny Chichvarkin, a Russian businessman who had criticized the war in Ukraine. Earl went back to his UK contacts.

Reeves was happy to help, messages showed. He couldn’t be “broke forever,” he told his school friend, Dmitrijus Paulauskas, a Russian-speaking Lithuanian who moved to Britain when he was young. Although Paulauskas was not involved in planning the attack, in his messages he said he was “gassed” (excited) that Russia had “integrated into the UK underworld.”

Paulaskas was cleared by the Old Bailey jury on two counts of failing to disclose information about terrorist acts. Another defendant, Ashton Evans, 20, faced the same charges and was found guilty on one count and acquitted on the second.

The end game

While preparing for the attack in central London, Earl began to have grander ambitions. “Privet Bot” was encouraging: “You are wise and clever despite being young! We have a lot of glorious jobs ahead.”

But to recruit more people, Earl needed faster payments from Russia. Most of Earl’s messages to the bot were not recovered in the investigation, but one late-night, Google-Translated outburst had not been deleted, showing Earl pleading with his superiors to equip him to become “the best spy you have ever seen.”

The next day, Earl was arrested by British police. He pleaded guilty to aggravated arson and to an offense under the National Security Act. Reeves was arrested nine days later, and pleaded guilty to similar charges. Sentencing for Reeves and Earl – and the four others convicted – will take place at a later date, the UK’s Crown Prosecution Service said.

The next phase

Historically, Moscow has gone to great lengths to reward and retrieve its spies. But these “gig economy” recruits can’t expect the same.

To Russia, they are disposable; to their home countries, they are traitors. In her summing up, the judge put it starkly: “Our parents and grandparents would have had a simple term for what Dylan Earl and Jake Reeves did: treason.”

Although sabotage is an old crime, Europe has struggled to combat the new ways of committing it. Landsbergis said Europe’s disjointed response meant Russia could act with impunity. Now, Europe should “go after the archer, not the arrows,” he said.

The tempo of Russia’s alleged attacks has, however, slowed in recent months, Galeotti noted, perhaps due to the success of European authorities in thwarting them and bringing the perpetrators to justice. Or, he said, Moscow may be taking stock of what it learned from 18 months of “entrepreneurial” thinking.

“I would love to think that it was just something they tried and then abandoned. But I have a feeling we’re going to see them return to it, having internalized the lessons of the first ‘test’ operations,” he said.

This post appeared first on cnn.com

IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) (‘IsoEnergy’) and Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (‘Purepoint’) are pleased to announce a highly encouraging start to the inaugural drill program at their 50/50 Dorado project (‘Dorado’ or the ‘Project’), located in Saskatchewan’s world-class Athabasca Basin (Figure 1). Initial drilling at the Q48 target on the Project, completed by Purepoint as the operator of the program, intersected uranium mineralization in two holes, with downhole gamma probe readings up to 79,800 counts per second (CPS). The intercepts occur within strongly altered basement rocks – suggesting an active uranium-bearing hydrothermal system.

Highlights

  • Initial drillholes at the Q48 target, located in the southern portion of the Project, have intersected uranium mineralization, confirming the zone as a significant uranium-bearing structure. (Figure 2).
  • Drillholes PG25-04 and PG25-05 intersected a steeply dipping, north-south trending mineralized structure at vertical depths of 60 and 20 metres below the unconformity, respectively.
  • Radioactivity readings from downhole probe measurements averaged 11,050 cps over 3.7 metres with a maximum of 74,800 in PG25-04, and 27,750 over 2.3 metres with a maximum of 79,800 in PG25-05 (See Table 1 for full details).
  • Mineralization is hosted within strongly clay-altered basement rocks—considered key indicators of a uranium-bearing hydrothermal system consistent with known Athabasca-style deposits.
  • Q48 was originally highlighted as a high-priority target based on historic drilling that encountered structurally disrupted, altered basement rocks with weak radioactivity, and further confirmed in 2022 by IsoEnergy’s identification of brittle faults, shearing, and alteration along the conductive trend.
  • A third follow-up hole is underway to further track the mineralized structure along the Q48 conductive corridor to the northeast. Approximately 5,400 metres in 18 drill holes are planned for the Project in 2025.

‘This is exactly the kind of start we were aiming for. These early results suggest we’re on the trail of something meaningful,’ said Chris Frostad, President and CEO at Purepoint. ‘These initial hits speak to the quality of the target and the systematic approach our team is taking to uncover its potential. We’re moving quickly to follow up on these encouraging results as drilling continues.’

Philip Williams, CEO and Director of IsoEnergy commented, ‘Our JV project was created to focus exploration where we see real discovery potential. This exploration success reinforces the strength of our partnership with Purepoint. By combining deep Basin experience with a focused, well-funded program, we believe we’ve positioned Dorado for continued success through a disciplined exploration effort. It’s exciting to see that approach already delivering promising results.’

DDHs PG25-04 and PG25-05

Drill hole PG25-04 targeted the Q48 conductor (Figure 1) approximately 800 metres northwest of IsoEnergy’s 2022 drilling (Figure 2). The drill hole was collared with a dip of -60 degrees and encountered Athabasca sandstone to a depth of 321 metres. Clay altered granitic gneiss and pegmatites were drilled to 393 metres then garnet-rich pelitic gneiss, with local pyrite and graphite, was drilled to the completion depth of 489 metres. The reddish-brown altered radioactive gouge seams were hosted by a chloritized pegmatite (Figure 3) and returned an average of 64,220 cps over 0.4 metres (Table 1).

Hole PG25-05 was collared using the same azimuth as PG25-04 and intercepted the radioactive structure approximately 40 metres up-dip of that hole. The hole encountered the unconformity at 309 metres, clay altered granitic gneiss and pegmatites to 371 metres, then garnet-rich pelitic gneiss, locally with pyrite and graphite, to the completion depth of 498 metres. The central mineralized structure was hosted in a sheared / brecciated reddish-brown altered granitic gneiss (Figure 4) and returned an average of 75,660 cps over 0.4 metres.

Table 1: Downhole Gamma Results of Drill Holes PG25-04 and PG25-05

Hole ID From (m) To (m) Length (m) Avg. cps Max. cps
PG25-04 248.7 249.4 0.7 660 1,010
366.0 367.0 1.0 690 810
374.5 275.4 0.9 810 1,050
383.7 387.4 3.7 11,050 74,800
Includes 384.7 385.1 0.4 64,220
PG25-05 296.7 297.7 1.0 790 960
325.0 327.3 2.3 27,750 79,800
Includes 326.1 326.5 0.4 75,660
328.8 329.8 1.0 730 1,000
395.8 396.3 0.5 1,770 2,680

Note: Mt. Sopris 2PGA probe used to record downhole gamma readings

Q48 Zone

The Q48 zone lies within the southern portion of the Project and is characterized by a steeply dipping, north-south trending conductive package identified through geophysical surveys. Historic drilling in the area intersected strongly altered and structurally disrupted rocks at the unconformity and in the basement, including garnetiferous pelitic gneiss, graphitic pelitic gneiss, and semipelite, with local weak radioactivity and zones of intense clay alteration. These results, combined with the geophysical response, highlighted Q48 as a highly prospective but underexplored target.

Drilling by IsoEnergy in 2022 confirmed that the conductive trend at Q48 hosts structure, shearing, and alteration, characteristics of uranium-bearing hydrothermal systems in the Athabasca Basin. The current program is designed to systematically follow-up and fully test the Q48 conductive corridor.

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Figure 1: Location of the Larocque Trend, host to the high-grade Hurricane deposit and multiple high-grade uranium occurrences within the newly formed Project. The Q48 Target Area, priority focus for the 2025 drill program is highlighted.

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* See Qualified Person Statement below.

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Figure 2: Location Map of 2025 Drill Program at Q48 Target Area

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Figure 3: PG25-04 Mineralization

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Figure 4: PG25-05 Mineralization

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About the Dorado Project

Dorado is the flagship project of the IsoEnergy-Purepoint 50/50 joint venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Project includes the former Turnor Lake, Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition.

Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region.

The shallow unconformity depths across the Dorado property-typically between 30 and 300 metres-allow for highly efficient drilling and rapid follow-up on results.

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* See Qualified Person Statement below.

Gamma Logging and Geochemical Assaying

A Mount Sopris 2PGA-1000 downhole total gamma probe was utilized for radiometric surveying. The total gamma results provided in Table 1 were selected using a cutoff of 500 cps over a 0.5 metre width. All drill intercepts are core width and true thickness is yet to be determined.

Core samples are submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon. The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed for a multi-element suite using partial and total digestion inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.

Qualified Person Statement

The scientific and technical information contained in this news release relating to IsoEnergy and Purepoint was reviewed and approved by Dr. Dan Brisbin, P.Geo., IsoEnergy’s Vice President, Exploration and Scott Frostad BSc, MASc, P.Geo., Purepoint’s Vice President, Exploration, who are ‘Qualified Persons’ (as defined in NI 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’)).

For additional information with respect to the current mineral resource estimate for IsoEnergy’s Hurricane Deposit, please refer to the Technical Report prepared in accordance with NI 43-101 entitled ‘Technical Report on the Larocque East Project, Northern Saskatchewan, Canada’ dated August 4, 2022, available under IsoEnergy’s profile at www.sedarplus.ca.

This news release refers to properties other than those in which IsoEnergy and Purepoint have an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the Joint Venture properties.

About IsoEnergy Ltd.

IsoEnergy (NYSE American: ISOU) (TSX: ISO) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada’s Athabasca basin, which is home to the Hurricane deposit, boasting the world’s highest-grade indicated uranium mineral resource. IsoEnergy also holds a portfolio of permitted past-producing, conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer.

About Purepoint

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd.

Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation’s McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe’s most significant uranium districts.

For more information, please contact:

IsoEnergy Ltd.
Philip Williams, CEO and Director
(833) 572-2333
info@isoenergy.ca
www.isoenergy.ca

Purepoint Uranium Group Inc.
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. This forward-looking information may relate to additional planned exploration activities for 2025, including the timing thereof and the anticipated results thereof; and any other activities, events or developments that the companies expect or anticipate will or may occur in the future.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, that planned exploration activities are completed as anticipated; the anticipated costs of planned exploration activities, the price of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Joint Venture’s planned activities will be available on reasonable terms and in a timely manner. Although each of IsoEnergy and Purepoint have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current views of IsoEnergy and Purepoint with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include but are not limited to the following: the inability of the Joint Venture to complete the exploration activities as currently contemplated; uncertainty of additional financing; no known mineral resources or reserves; aboriginal title and consultation issues; reliance on key management and other personnel; actual results of technical work programs and technical and economic assessments being different than anticipated; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions. Other factors which could materially affect such forward-looking information are described in the risk factors in each of IsoEnergy’s and Purepoint’s most recent annual management’s discussion and analyses or annual information forms and IsoEnergy’s and Purepoint’s other filings with the Canadian securities regulators which are available, respectively, on each company’s profile on SEDAR+ at www.sedarplus.ca. IsoEnergy and Purepoint do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Click here to connect with Purepoint Uranium (TSXV:PTU,OTCQB:PTUUF) to receive an Investor Presentation

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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note that Mkango Resources Ltd. (AIM/TSX-V:MKA) (‘Mkango’) and HyProMag Limited (‘HyProMag’) have announced first production runs of recycled rare earth alloy from the commercial-scale Hydrogen Processing of Magnet Scrap (‘HPMS’) vessel at Tyseley Energy Park (‘TEP’) in Birmingham, UK.

This marks the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using HPMS technology and represents a significant milestone for all stakeholders involved. The TEP plant is the UK’s only sintered rare earth magnet manufacturing facility and is a major step forward for both domestic and global rare earth supply chains.

Julian Treger, Chief Executive Officer of CoTec, commented: ‘We are delighted to see Mkango and HyProMag achieving this significant milestone, and we extend our congratulations to all involved, including the teams at the University of Birmingham and Tyseley Energy Park. This first production of recycled rare earth alloy is a critical step in validating HPMS technology at scale and sends a powerful signal for what is to come in the United States. The successful start-up at Tyseley bodes very well for our HyProMag USA joint venture, as we continue advancing detailed engineering and move toward building a secure, domestic rare earth magnet supply chain in North America.’

HyProMag USA is a 50:50 joint venture between CoTec and HyProMag (a 100% subsidiary of Maginito Limited, which is 79.4% owned by Mkango and 20.6% by CoTec). The joint venture is currently developing its first integrated rare earth magnet recycling and manufacturing facility in the Dallas-Fort Worth region, targeting commissioning in 2027.

About CoTec

CoTec Holdings Corp. is a publicly traded investment issuer listed on the TSX Venture Exchange and OTCQB under the symbols CTH and CTHCF, respectively. CoTec is a forward-thinking resource extraction company committed to transforming the global metals and minerals industry through environmentally sustainable technologies and strategic asset acquisitions.

With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach:

  • Investing in disruptive mineral extraction technologies that enhance efficiency and sustainability, and
  • Applying these technologies to undervalued mining assets to unlock their full potential.

By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s model enables low capital requirements, rapid revenue generation, and high barriers to entry – positioning it as a leading mid-tier disruptor in the commodities sector.

Please visit www.cotec.ca.

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments that are not historical facts are ‘forward-looking statements’ that involve risks and uncertainties, including statements relating to the expected development and outcomes of first production runs by HyProMag Limited and its potential impact on the HyProMag USA project and other current or potential investments. Since forward-looking statements address future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results could differ materially due to known and unknown risks and uncertainties affecting the Company, including but not limited to: resource and reserve risks; environmental risks and costs; labor costs and shortages; supply and price fluctuations in materials; increases in energy costs; contractor and subcontractor performance; project delays and cost overruns; extreme weather; and geopolitical or social disruptions.

For further details, refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, available under the Company’s profile at www.sedarplus.ca. The Company assumes no responsibility to update forward-looking statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company’s continuous disclosure documents.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

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CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) (‘CoTec’ or the ‘Company’) is pleased to note that Mkango Resources Ltd. (AIM/TSX-V:MKA) (‘Mkango’) and HyProMag Limited (‘HyProMag’) have announced first production runs of recycled rare earth alloy from the commercial-scale Hydrogen Processing of Magnet Scrap (‘HPMS’) vessel at Tyseley Energy Park (‘TEP’) in Birmingham, UK.

This marks the first commercial-scale production of recycled neodymium-iron-boron (NdFeB) alloy using HPMS technology and represents a significant milestone for all stakeholders involved. The TEP plant is the UK’s only sintered rare earth magnet manufacturing facility and is a major step forward for both domestic and global rare earth supply chains.

Julian Treger, Chief Executive Officer of CoTec, commented: ‘We are delighted to see Mkango and HyProMag achieving this significant milestone, and we extend our congratulations to all involved, including the teams at the University of Birmingham and Tyseley Energy Park. This first production of recycled rare earth alloy is a critical step in validating HPMS technology at scale and sends a powerful signal for what is to come in the United States. The successful start-up at Tyseley bodes very well for our HyProMag USA joint venture, as we continue advancing detailed engineering and move toward building a secure, domestic rare earth magnet supply chain in North America.’

HyProMag USA is a 50:50 joint venture between CoTec and HyProMag (a 100% subsidiary of Maginito Limited, which is 79.4% owned by Mkango and 20.6% by CoTec). The joint venture is currently developing its first integrated rare earth magnet recycling and manufacturing facility in the Dallas-Fort Worth region, targeting commissioning in 2027.

About CoTec

CoTec Holdings Corp. is a publicly traded investment issuer listed on the TSX Venture Exchange and OTCQB under the symbols CTH and CTHCF, respectively. CoTec is a forward-thinking resource extraction company committed to transforming the global metals and minerals industry through environmentally sustainable technologies and strategic asset acquisitions.

With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach:

  • Investing in disruptive mineral extraction technologies that enhance efficiency and sustainability, and
  • Applying these technologies to undervalued mining assets to unlock their full potential.

By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s model enables low capital requirements, rapid revenue generation, and high barriers to entry – positioning it as a leading mid-tier disruptor in the commodities sector.

Please visit www.cotec.ca.

For further information, please contact:

Braam Jonker – (604) 992-5600

Forward-Looking Information Cautionary Statement

Statements in this press release regarding the Company and its investments that are not historical facts are ‘forward-looking statements’ that involve risks and uncertainties, including statements relating to the expected development and outcomes of first production runs by HyProMag Limited and its potential impact on the HyProMag USA project and other current or potential investments. Since forward-looking statements address future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results could differ materially due to known and unknown risks and uncertainties affecting the Company, including but not limited to: resource and reserve risks; environmental risks and costs; labor costs and shortages; supply and price fluctuations in materials; increases in energy costs; contractor and subcontractor performance; project delays and cost overruns; extreme weather; and geopolitical or social disruptions.

For further details, refer to ‘Risk Factors’ in the Company’s filing statement dated April 6, 2022, available under the Company’s profile at www.sedarplus.ca. The Company assumes no responsibility to update forward-looking statements, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements and are encouraged to consult the Company’s continuous disclosure documents.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Source

Click here to connect with CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) to receive an Investor Presentation

This post appeared first on investingnews.com

Asara Resources (ASX:AS1,FSE:ALM) is leading the next West African gold rush from a strategic position in Guinea’s underexplored Siguiri Basin—an emerging gold district with over 30 million ounces of historical and current gold production.

Asara Resources’ flagship Kada Kold project hosts a 923,000-ounce, oxide-dominant gold resource just 35 km south of AngloGold Ashanti’s 6.2 Moz Siguiri mine. The company is systematically advancing development using the proven “string-of-pits” model that has driven success across West Africa, guided by a seasoned team behind the Kiniero Project, now a cornerstone asset for Robex (TSX:RBX).

Map of Siguiri Basin showing gold production and permit areas by company including Asara Resources.

Asara’s near-term strategy focuses on three key priorities: accelerating resource growth with 33,600 metres of RC and diamond drilling planned for 2025; advancing a low-CAPEX, oxide-first development approach that capitalizes on free-dig saprolite, strong gold recoveries, and a conventional CIL flowsheet; and preserving upside exposure to copper and silver-zinc through its Loreto joint venture with Teck and the optional Paguanta asset in Chile.

Company Highlights

  • Flagship Kada gold project – 923,000 oz gold and counting: 30.3 Mt @ 0.95 g/t gold with 59 percent oxide-transition ounces that show over 90 percent CIL recoveries and <3.5:1 strip ratio; resource remains open in every direction along a 15 km corridor.
  • Aggressive growth runway: Three contiguous licence applications (Talico, Banan and Syli) would lift the land package to 348 sq km and extend strike control to 35 km, only ~6 percent of which is drilled.
  • Experienced team who took the Kiniero project from an exploration resource to construction: Senior executives previously turned Robex’s Kiniero from 1 Moz to ~3.5 Moz and into a C$750 million market cap company, bringing an identical on-ground team, in-country relationships and proven workflows to Asara.
  • Strategic Land Package: Kada is in the heart of the prolific Siguiri Basin (>30 Moz gold endowment), just 35 km south of AngloGold Ashanti’s Siguiri Mine.
  • Strong Institutional Support: Top 20 shareholders control 70+ percent of the company.

This Asara Resources profile is part of a paid investor education campaign.*

Click here to connect with Asara Resources (ASX:AS1) to receive an Investor Presentation

This post appeared first on investingnews.com

Asara Resources (ASX:AS1,FSE:ALM) is leading the next West African gold rush from a strategic position in Guinea’s underexplored Siguiri Basin—an emerging gold district with over 30 million ounces of historical and current gold production.

Asara Resources’ flagship Kada Kold project hosts a 923,000-ounce, oxide-dominant gold resource just 35 km south of AngloGold Ashanti’s 6.2 Moz Siguiri mine. The company is systematically advancing development using the proven “string-of-pits” model that has driven success across West Africa, guided by a seasoned team behind the Kiniero Project, now a cornerstone asset for Robex (TSX:RBX).

Map of Siguiri Basin showing gold production and permit areas by company including Asara Resources.

Asara’s near-term strategy focuses on three key priorities: accelerating resource growth with 33,600 metres of RC and diamond drilling planned for 2025; advancing a low-CAPEX, oxide-first development approach that capitalizes on free-dig saprolite, strong gold recoveries, and a conventional CIL flowsheet; and preserving upside exposure to copper and silver-zinc through its Loreto joint venture with Teck and the optional Paguanta asset in Chile.

Company Highlights

  • Flagship Kada gold project – 923,000 oz gold and counting: 30.3 Mt @ 0.95 g/t gold with 59 percent oxide-transition ounces that show over 90 percent CIL recoveries and <3.5:1 strip ratio; resource remains open in every direction along a 15 km corridor.
  • Aggressive growth runway: Three contiguous licence applications (Talico, Banan and Syli) would lift the land package to 348 sq km and extend strike control to 35 km, only ~6 percent of which is drilled.
  • Experienced team who took the Kiniero project from an exploration resource to construction: Senior executives previously turned Robex’s Kiniero from 1 Moz to ~3.5 Moz and into a C$750 million market cap company, bringing an identical on-ground team, in-country relationships and proven workflows to Asara.
  • Strategic Land Package: Kada is in the heart of the prolific Siguiri Basin (>30 Moz gold endowment), just 35 km south of AngloGold Ashanti’s Siguiri Mine.
  • Strong Institutional Support: Top 20 shareholders control 70+ percent of the company.

This Asara Resources profile is part of a paid investor education campaign.*

Click here to connect with Asara Resources (ASX:AS1) to receive an Investor Presentation

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Friday (July 4) as of 12:00 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$108,948, down by 1.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,741 and a high of US$109,997.

Bitcoin price performance, July 4, 2025.

Bitcoin price performance, July 4, 2025.

Chart via TradingView.

Bitcoin’s rally to US$108,000 followed strong US labor data that boosted risk appetite early on, alongside continued inflows into Bitcoin spot ETFs (nearly US$50 billion), which helped anchor prices despite broader equity market pullbacks.

Market watchers also noted heightened volatility following the reactivation of two long-dormant Bitcoin wallets containing roughly 20,000 BTC (worth over US$2 billion), raising questions about potential future dumping.

Ethereum (ETH) is priced at US$2,549.85, down by 2.7 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2,502.39 and its highest was US$2,600.55.

Altcoin price update

  • Solana (SOL) was priced at US$150.30, up by 5 percent over 24 hours. Its highest valuation as of Friday was US$153.26, and its lowest was US$146.61.
  • XRP was trading for US$2.24, down by 1.4 percent in 24 hours. The cryptocurrency’s lowest valuation was US$2.21 and its highest was US$2.28.
  • Sui (SUI) is trading at US$2.92, showing a decrease of 3.6 percent over the past 24 hours. Its lowest valuation was US$2.87 and its highest was US$3.07.
  • Cardano (ADA) is priced at US$0.5817, down by 3.1 percent in the last 24 hours. Its lowest valuation as of Wednesday was US$0.5715 and its highest was US$0.6028.

Today’s crypto news to know

Trump’s Big Beautiful Bill passes Congress, sending cryptos higher

US President Donald Trump’s flagship Big Beautiful Bill, featuring sweeping tax cuts, narrowly passed the House of Representatives on July 3 with a 218 to 214 vote and now awaits his signature.

Elon Musk criticized the bill for potentially inflating the deficit by trillions, while Trump suggested Musk’s criticism stemmed from policy clashes on EV incentives.

Coinbase Global (NASDAQ:COIN) CEO Brian Armstrong also raised concerns that a ballooning debt could paradoxically fuel Bitcoin’s status as a reserve asset.

Bitcoin traded near US$109,886 after the news, with other leading coins including Ethereum and Solana also posting gains. The total crypto market cap climbed to US$3.39 trillion following the vote.

Bitcoin power shift as whales sell 500,000 BTC to institutions

A major redistribution of Bitcoin is underway as long-time holders of large amounts of Bitcoin have sold off around 500,000 Bitcoin over the past year, worth more than US$50 billion at current prices.

According to a Bloomberg report, these sales are being absorbed almost equally by institutional buyers, including spot ETFs and corporate treasuries. That pattern is turning Bitcoin from a high-volatility speculative bet into a steadier institutional portfolio allocation. Despite consistent positive news for crypto in recent months, the asset has struggled to break through resistance around US$110,000, showing a consolidation phase.

Some of the whales cashing out are early holders dating back to Bitcoin’s earliest cycles, Bloomberg reports, who are swapping Bitcoin for stock-linked deals instead of simply liquidating.

Russian giant Rostec to issue ruble-backed stablecoin

State-owned Russian conglomerate Rostec is moving to launch a ruble-pegged stablecoin called RUBx and a payments network named RT-Pay before year-end, according to Russian state media.

The stablecoin will be anchored one-to-one with ruble deposits held in treasury accounts, and its code will be independently audited by CertiK. RT-Pay will integrate directly with Russia’s banking system, aiming for instant settlement and smart contract functionality even outside business hours.

Rostec says its platform will follow Russia’s anti-money-laundering and terrorism-financing requirements, in line with the Bank of Russia’s rules.

The stablecoin will run on the Tron blockchain, with its smart contract code to be published on GitHub.

Coinbase’s Base sees US$4 billion in outflows, Ethereum gains US$8.5 billion

Coinbase’s Layer 2 network Base has lost significant traction this year, registering US$4.3 billion in net outflows through cross-chain bridges, data shows.

This downturn is a sharp reversal from the US$3.8 billion of inflows Base attracted in 2024, when it led the sector in bridge activity. Meanwhile, Ethereum has staged a comeback, seeing US$8.5 billion in inflows compared to net outflows last year.

The slowdown in stablecoin supply growth on Base, now holding steady above US$4 billion since May, points to a maturing user base and declining trading volumes.

Bridges are key pieces of crypto infrastructure that allow assets to move between chains, supporting interoperability.

Nano Labs starts US$1 billion BNB buying plan with US$50 million purchase

Hong Kong-based chipmaker Nano Labs (NASDAQ:NA) has made its first major move in an ambitious plan to hold up to 10 percent of Binance Coin (BNB) in circulation, snapping up US$50 million of BNB this week.

The company disclosed buying around 74,315 BNB at an average price of US$672, funded partly by convertible notes.

Nano Labs ultimately plans to allocate US$1 billion to BNB holdings, signaling a vote of confidence in Binance’s ecosystem. However, its shares fell nearly 5 percent on Thursday and lost another 2 percent after hours, reflecting investor worries about its exposure to volatile crypto reserves.

Nano Labs’ reserves, including Bitcoin, now stand around US$160 million in total.

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 Friday (July 4) as of 12:00 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$108,948, down by 1.6 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,741 and a high of US$109,997.

Bitcoin price performance, July 4, 2025.

Bitcoin price performance, July 4, 2025.

Chart via TradingView.

Bitcoin’s rally to US$108,000 followed strong US labor data that boosted risk appetite early on, alongside continued inflows into Bitcoin spot ETFs (nearly US$50 billion), which helped anchor prices despite broader equity market pullbacks.

Market watchers also noted heightened volatility following the reactivation of two long-dormant Bitcoin wallets containing roughly 20,000 BTC (worth over US$2 billion), raising questions about potential future dumping.

Ethereum (ETH) is priced at US$2,549.85, down by 2.7 percent over the past 24 hours. Its lowest valuation on Wednesday was US$2,502.39 and its highest was US$2,600.55.

Altcoin price update

  • Solana (SOL) was priced at US$150.30, up by 5 percent over 24 hours. Its highest valuation as of Friday was US$153.26, and its lowest was US$146.61.
  • XRP was trading for US$2.24, down by 1.4 percent in 24 hours. The cryptocurrency’s lowest valuation was US$2.21 and its highest was US$2.28.
  • Sui (SUI) is trading at US$2.92, showing a decrease of 3.6 percent over the past 24 hours. Its lowest valuation was US$2.87 and its highest was US$3.07.
  • Cardano (ADA) is priced at US$0.5817, down by 3.1 percent in the last 24 hours. Its lowest valuation as of Wednesday was US$0.5715 and its highest was US$0.6028.

Today’s crypto news to know

Trump’s Big Beautiful Bill passes Congress, sending cryptos higher

US President Donald Trump’s flagship Big Beautiful Bill, featuring sweeping tax cuts, narrowly passed the House of Representatives on July 3 with a 218 to 214 vote and now awaits his signature.

Elon Musk criticized the bill for potentially inflating the deficit by trillions, while Trump suggested Musk’s criticism stemmed from policy clashes on EV incentives.

Coinbase Global (NASDAQ:COIN) CEO Brian Armstrong also raised concerns that a ballooning debt could paradoxically fuel Bitcoin’s status as a reserve asset.

Bitcoin traded near US$109,886 after the news, with other leading coins including Ethereum and Solana also posting gains. The total crypto market cap climbed to US$3.39 trillion following the vote.

Bitcoin power shift as whales sell 500,000 BTC to institutions

A major redistribution of Bitcoin is underway as long-time holders of large amounts of Bitcoin have sold off around 500,000 Bitcoin over the past year, worth more than US$50 billion at current prices.

According to a Bloomberg report, these sales are being absorbed almost equally by institutional buyers, including spot ETFs and corporate treasuries. That pattern is turning Bitcoin from a high-volatility speculative bet into a steadier institutional portfolio allocation. Despite consistent positive news for crypto in recent months, the asset has struggled to break through resistance around US$110,000, showing a consolidation phase.

Some of the whales cashing out are early holders dating back to Bitcoin’s earliest cycles, Bloomberg reports, who are swapping Bitcoin for stock-linked deals instead of simply liquidating.

Russian giant Rostec to issue ruble-backed stablecoin

State-owned Russian conglomerate Rostec is moving to launch a ruble-pegged stablecoin called RUBx and a payments network named RT-Pay before year-end, according to Russian state media.

The stablecoin will be anchored one-to-one with ruble deposits held in treasury accounts, and its code will be independently audited by CertiK. RT-Pay will integrate directly with Russia’s banking system, aiming for instant settlement and smart contract functionality even outside business hours.

Rostec says its platform will follow Russia’s anti-money-laundering and terrorism-financing requirements, in line with the Bank of Russia’s rules.

The stablecoin will run on the Tron blockchain, with its smart contract code to be published on GitHub.

Coinbase’s Base sees US$4 billion in outflows, Ethereum gains US$8.5 billion

Coinbase’s Layer 2 network Base has lost significant traction this year, registering US$4.3 billion in net outflows through cross-chain bridges, data shows.

This downturn is a sharp reversal from the US$3.8 billion of inflows Base attracted in 2024, when it led the sector in bridge activity. Meanwhile, Ethereum has staged a comeback, seeing US$8.5 billion in inflows compared to net outflows last year.

The slowdown in stablecoin supply growth on Base, now holding steady above US$4 billion since May, points to a maturing user base and declining trading volumes.

Bridges are key pieces of crypto infrastructure that allow assets to move between chains, supporting interoperability.

Nano Labs starts US$1 billion BNB buying plan with US$50 million purchase

Hong Kong-based chipmaker Nano Labs (NASDAQ:NA) has made its first major move in an ambitious plan to hold up to 10 percent of Binance Coin (BNB) in circulation, snapping up US$50 million of BNB this week.

The company disclosed buying around 74,315 BNB at an average price of US$672, funded partly by convertible notes.

Nano Labs ultimately plans to allocate US$1 billion to BNB holdings, signaling a vote of confidence in Binance’s ecosystem. However, its shares fell nearly 5 percent on Thursday and lost another 2 percent after hours, reflecting investor worries about its exposure to volatile crypto reserves.

Nano Labs’ reserves, including Bitcoin, now stand around US$160 million in total.

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

This post appeared first on investingnews.com

The year’s second quarter was a defining period for digital assets.

The industry converged at events like Consensus, held in May in Toronto, where discussions heavily focused on critical themes like regulatory clarity and real-world asset (RWA) tokenization.

Stablecoins, with their promise of enhanced cross-border payment efficiency, were heavily covered, especially regarding the growing interest and innovation in yield-generating products.

Legislative initiatives, policy shifts and infrastructure developments have moved at a dizzying pace, and the ongoing integration of traditional finance with decentralized technologies has driven credibility and institutional engagement.

Looking ahead, continued adoption of digital assets is slated to reshape the global financial landscape fundamentally.

Q2 review: Market maturation, institutional integration and regulatory milestones

Q2 highlighted a maturing market that can absorb shocks while maintaining focus on long-term growth.

While scrutiny of officials’ crypto dealings, including those of US President Donald Trump and his family, kept headlines lively, the broader trend was one of increased credibility.

Early in the quarter, trade tensions between the US and China, combined with ongoing concerns that tariffs will lead to an economic fallout, dampened investor sentiment and weighed on risk assets.

However, investor confidence in Bitcoin was evident in its resilience. After a slide to around US$76,000 at the start of April, it reached the US$90,000s mid-month, before hitting a new all-time high of US$111,000 on May 22.

Institutional accumulation and clearer regulatory signals backed this sentiment, exemplified by the US Securities and Exchange Commission’s (SEC) approval of rule changes allowing Ether exchange-traded fund (ETF) options.

The SEC also updated its guidance on crypto company disclosures, while US President Donald Trump signed a resolution repealing the IRS’s DeFi broker rule. Closing off the quarter, the Federal Housing Finance Agency directed mortgage backers Fannie Mae and Freddie Mac on June 25 to propose single-family mortgage loan risk assessments that consider cryptocurrency on US-regulated exchanges as reserve assets.

These policy shifts were accompanied by surging investor interest in tokenized assets, including tokenized gold — with PAXG and XAUt hitting US$1.54 billion in market cap — and RWA products, particularly within real estate. Momentum was further extended into stablecoin yield products and new ETF filings.

A US$300 million large-scale infrastructure deal between global financial group Macquarie (ASX:MQG) and Bitfarms (TSX:BITF,NASDAQ:BITF) for a high-performance computing center exemplified the growing confidence among fintechs in the long-term viability of digital assets. This growing confidence was further underscored by Robinhood’s (NASDAQ:HOOD) expansion of its crypto footprint, notably with the early June acquisition of Bitstamp.

Combined, these events demonstrated growing market confidence in crypto’s future.

Meanwhile, Ripple’s acquisition of global prime broker Hidden Road signaled a new phase in TradFi-DeFi integration, accompanied by the Fed’s easing of restrictions on banks’ crypto exposure.

The Office of the Comptroller of the Currency’s clarification allowing banks to trade and outsource crypto operations signaled that US regulators increasingly view crypto infrastructure as critical to modern financial services.

Reports of Circle (NYSE:CRCL), BitGo, Coinbase Global (NASDAQ:COIN) and Paxos exploring bank charters further underscored the convergence of TradFi and DeFi, as did Coinbase’s US$100 million credit facility to Riot Platforms (NASDAQ:RIOT); this type of structured financing is typically reserved for banks.

Further solidifying this trend, Stripe finalized a deal to acquire Privy, bringing crypto wallet infrastructure in-house and underscoring how fintech leaders are embedding digital asset rails into their core platforms.

Coinbase also acquired derivatives marketplace Deribit, a US$2.9 billion investment, part of a broader move to dominate digital asset infrastructure and market access. In the retail space, investor exposure widened through Galaxy Digital (NASDAQ:GLXY) and Circle’s Wall Street debut.

Policy also evolved. The GENIUS Act, a legislative companion to the STABLE Act, advanced in the Senate, proposing guardrails for stablecoins while carving out flexibility for banks to issue tokenized deposits, while crypto reserve legislation advanced in New Hampshire, Texas and Arizona.

Still, operational risks remained. A US$223 million exploit hit the Cetus protocol, and Coinbase suffered a US$20 million ransomware attack, reminders that digital assets remain a high-stakes environment.

Bitcoin price performance, Q2 2025.

Bitcoin price performance, Q2 2025. 

Chart courtesy of CoinGecko.

Q3 outlook: Regulatory progress, tokenization growth and market expansion

Further regulatory clarity is expected in Q3, clearing the way to enable more use cases and a deeper integration between DeFi and TradFi. House Republicans are prioritizing the swift enactment of comprehensive stablecoin legislation, aiming to unify the Senate’s GENIUS Act and the House’s STABLE Act.

Meanwhile, the CLARITY Act, which has a broader focus on establishing a general market structure for all digital assets, is positioned for a vote in the House of Representatives after clearing two committees.

Regulators on the SEC’s Crypto Task Force are considering a conditional exemptive order to allow crypto firms to bypass certain broker-dealer, clearing agency and exchange registration requirements. The nuances of regulated staking activities are still being worked out, especially regarding how they apply to specific products like ETFs.

On the retail front, tokenization momentum shows no sign of slowing. A discussion group on RWAs at Consensus agreed that the resurgence of tokenization is largely driven by the utility and functionality it provides to assets.

Beyond efficiency, Carlos Domingo, co-founder and CEO of Securitize, added that tokenization brings assets with intrinsic, real-world value onto the blockchain, allowing new financial applications and broader access to those holdings.

“Now we’re seeing more large-scale production,” he explained.

“We’re seeing (things) like precious minerals coming up, and we’re seeing commodities and other equities, a lot of startups that want to tokenize and use platforms like ours to tokenize their cap tables.”

At Consensus, Arthur Breitman, co-founder of Tezos, explained that his platform, uranium.io, enables the trading of physical uranium using a token, xU3O8, which allows for fractional ownership of a commodity that trades over-the-counter for roughly US$4 million. “Typically, uranium will look at pounds, but you can buy a fraction of a token. So really, you can buy a few cents of xU308,” he told the audience during his presentation.

Additionally, crypto infrastructure development by major fintechs and traditional finance entities, coupled with new public market entrants, could broaden investment opportunities.

For Q3, investors will be monitoring key publicly traded players such as Robinhood, fresh off its Bitstamp acquisition, as well as new Wall Street newcomers Circle and Galaxy Digital.

In the mining and compute infrastructure sector, CoreWeave (NASDAQ:CRWV) is in advanced talks to acquire Core Scientific (NASDAQ:CORZ), marking a move to merge compute-intensive infrastructure with mining operations, driven by crossover demand from AI and crypto sectors.

Beyond dedicated crypto firms, Strategy (NASDAQ:MSTR) and Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF) added substantially to their crypto holdings in Q2, with no signs of slowing down.

For Bitcoin, price projections for Q3 range between a new resistance level around US$120,000 and support at US$75,000. ARK Invest increased its Bitcoin price forecast for 2030 from US$1.5 million to US$2.4 million in Q2, citing growing institutional interest and Bitcoin’s expanding role as “digital gold.’

These developments suggest Q3 will may continue building on the credibility and utility that defined Q2. With regulation advancing, institutional rails expanding and tokenization gaining real-world traction, digital assets are increasingly seen not as a parallel world to the world of finance, but as the next evolution of it.

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

This post appeared first on investingnews.com