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Crypto Market Recap: Bitcoin Hits New All-time High as ETF Inflows and Legislation Align

Investing 7 Mins Read

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

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

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,036 at the end of the trading day, its highest valuation on Friday and a 4.1 percent increase in the last 24 hours. Earlier on Friday, Bitcoin saw a low of US$116,847.

Bitcoin price performance, July 11, 2025.

Chart via TradingView.

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

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

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

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

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

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

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

Altcoin price update

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

Today’s crypto news to know

Ties between Trump coin and Binance under scrutiny

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

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

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

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

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

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

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

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

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

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

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

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

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

HIVE Digital shares pop on new milestone

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

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

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

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

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

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

EU regulator warns crypto firms over misleading investors

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

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

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

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

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

This post appeared first on investingnews.com

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Rare Earths Firm MP Materials to Get US$400 Million Defense Department Investment

Investing 3 Mins Read

The US Department of Defense (DoD) will become the largest shareholder in MP Materials (NYSE:MP) after agreeing to purchase US$400 million worth of preferred stock in the company.

MP Materials is known for owning and operating the only US rare earths mine.

The rare earths producer said the proceeds from the investment will fund the expansion of its processing capabilities at the Mountain Pass mine in California and support the construction of a second magnet manufacturing facility in the US.

The materials mined and processed by MP Materials are critical to the production of permanent magnets used in military systems, including the F-35 fighter jet, drones, and submarines.

The US has depended heavily on foreign imports for these materials — primarily from China, which accounted for about 70 percent of rare earth imports in 2023, according to the US Geological Survey.

In a press release issued on Thursday (July 10), MP Materials described the agreement as a ‘transformational public-private partnership.’ The company also said the deal will ‘dramatically accelerate the build-out of an end-to-end US rare earth magnet supply chain and reduce foreign dependency.’

The investment gives the Pentagon newly created preferred stock convertible into common shares, along with a 10-year warrant to buy additional stock at US$30.03 per share. If fully converted and exercised, the DoD would own 15 percent of MP Materials, based on current share counts as of Wednesday (July 9). That would exceed the 8.61 percent stake held by CEO James Litinsky and the 8.27 percent stake held by BlackRock Fund Advisors.

Litinsky emphasized that the deal does not equate to government control of the company. “This is not a nationalization,” he told CNBC. “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but we still control our company. We control our destiny. We’re shareholder driven.”

MP’s new magnet facility, called 10X, will increase the company’s magnet manufacturing capacity to 10,000 metric tons annually once it begins commissioning in 2028. The exact location of the facility has not yet been disclosed.

The Pentagon has committed to purchasing 100 percent of the magnets produced at the 10X facility for 10 years.

Additionally, the DoD will guarantee a minimum price of US$110 per kilogram for MP’s neodymium-praseodymium oxide, a key material for magnet production.

If market prices fall below that level, the Pentagon will pay the difference quarterly. In return, once the new facility is operational, the government will receive 30 percent of any upside above US$110 per kilogram.

To further support the buildout, MP Materials expects to receive a US$150 million loan from the Pentagon within 30 days to expand its heavy rare earth separation capabilities at Mountain Pass, the only active rare earth mine in the US.

It is also commissioning a magnetics facility in Texas, known as Independence, to bolster its downstream processing capabilities.

As the only domestic miner with vertically integrated capabilities and a clear path to rare earth magnet production at scale, MP Materials now sits at the center of the Biden-to-Trump era effort to bring critical minerals supply chains back to American soil.

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

This post appeared first on investingnews.com

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Crypto Market Recap: Trump Media Files for Third Crypto ETF, Tether Reveals Gold Holdings

Investing 7 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (July 9) 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’s (BTC) price peaked at US$111,744 as the market wrapped, a 2.7 percent increase in the last 24 hours. The day’s range for the cryptocurrency also brought a low of US$108,644.

Crypto analyst TradingShot believes Bitcoin may not experience another rally this cycle, despite projections exceeding US$160,000. This assessment is based on Bitcoin’s historical four year patterns.

According to TradingShot, Bitcoin has not broken out of its current upward channel to trigger the explosive rallies seen in 2017 and 2021. If the four year cycle holds, time is running out for such a breakout.

Ethereum (ETH) is priced at US$2,772.50, up by 6.3 percent over the past 24 hours. On Wednesday, the cryptocurrency hit a low of US$2,635.74 before rallying to finish the day at its peak, mirroring a broader market trend.

Altcoin price update

Bitcoin price performance, July 9, 2025.

Chart via TradingView.

  • Solana (SOL) was priced at US$157.12, up by 3.7 percent over 24 hours. Its lowest valuation as of Wednesday was US$153.45.
  • XRP was trading for US$2.42, up 4.5 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.36
  • Sui (SUI) was trading at US$3.05, up by 4.9 percent over the past 24 hours. Its lowest valuation was US$2.93.
  • Cardano (ADA) is priced at US$0.6217, up by 5.6 percent in the last 24 hours. Its lowest valuation as of Wednesday was US$0.6027

Today’s crypto news to know

US Senate committee gathers for hearing on digital assets

The US Senate Banking Committee held a hearing on Wednesday dubbed ‘From Wall Street to Web3’ to discuss proposed legislation regarding digital assets, including the Clarity Act.

Massachusetts Democrat Elizabeth Warren, a longtime crypto critic, said she is in favor of laws regulating digital assets that strengthen the financial system in the US, but criticized aspects of the Clarity Act that she said would allow non-crypto companies to “put their stocks on the blockchain,’ evading US Securities and Exchange Commission guidelines.

“That is a serious problem for our country,” she warned.

Ahead of the hearing, Warren sent a statement to analytical publication the Block, accusing Republicans of enabling “industry handouts” to crypto lobbyists. Other vocal critics of the bill include New York Attorney General Letitia James and the ranking member of the House Financial Services Committee Maxine Waters.

Both she and Warren have questioned the ethics of US President Donald Trump’s business ties to the industry. At the hearing, former chief White House ethics lawyer Richard Painter, who was invited to speak by Warren, said:

“We cannot have the people who are in charge of passing legislation and enforcing legislation, implementing legislation, have conflicts of interest with their official responsibilities. You should be divesting from crypto if you’re going to be regulating crypto.”

Lawmakers are now facing a September 30 deadline to define cryptocurrencies, address Trump’s crypto interests and finalize industry rules.

RLUSD gains traction via Transak integration and BNY Mellon custody

Transak, a Web3 onboarding infrastructure provider allowing users to buy and sell digital assets using traditional payment methods, officially integrated Ripple’s US-dollar pegged stablecoin, RLUSD.

The move expands the token’s reach to 8.3 million additional users across 64 countries.

“Transak has always strived to make finance truly accessible and that includes bringing on assets like RLUSD that balance blockchain ethos with compliance requirements,” said Sami Start, CEO and co-founder of Transak.

“With this integration, users gain access to one of the most thoughtfully designed stablecoins in the market, now available through a seamless and trusted fiat-to-crypto experience.”

The news was announced the same day Ripple chose Bank of New York Mellon to custody its USD reserves. This move by a traditional financial giant lends significant institutional credibility to Ripple’s stablecoin, which was built as an enterprise-grade stablecoin to improve the efficiency of cross-border transactions.

“As primary custodian for RLUSD, we’re proud to support the growth of digital assets by providing a differentiated platform, designed to meet the evolving needs of institutions in the digital assets ecosystem,” said Emily Portney, global head of asset servicing at Bank of New York Mellon.

South Korea to reclassify crypto businesses as venture companies

South Korea’s Ministry of SMEs and Startups announced Wednesday that it will lift current restrictions preventing crypto-related businesses from qualifying as venture companies. Firms in the virtual asset sector are currently restricted in their eligibility for various tax breaks and financial support due to crypto regulations implemented last year.

However, the minister said that the proposed amendment reflects “a shift in perception” regarding the industry.

“It is expected that the virtual asset business operators based on new technologies with innovation and business viability will be newly recognized as venture companies, and existing venture companies will also be able to promote virtual asset-related businesses,” the statement explains, “which will lead to the activation and expansion of the venture ecosystem and promote the fostering of the virtual asset industry.”

This change will be supported by the establishment of “legal and institutional safeguards” designed to protect users. Public comments on the proposal will be accepted by the ministry until August 18.

Tether reveals it holds US$8 billion in gold in private Swiss vault

Tether, the issuer behind the world’s largest stablecoin, USDT, has disclosed it holds nearly 80 metric tons of gold worth US$8 billion in a private Swiss vault, according to a Bloomberg report.

The company, which manages over US$159 billion in circulating stablecoins, says most of the gold is directly owned by Tether, making it one of the world’s largest private gold holders outside of sovereign institutions.

CEO Paolo Ardoino confirmed the gold is stored in a highly secure location in Switzerland, though he declined to disclose the exact facility for safety reasons.

The firm also operates a gold-backed token called XAUT, with each coin redeemable for one ounce of physical gold.

Tether’s increasing exposure to gold comes amid rising demand for safe-haven assets and ongoing concerns about US debt sustainability. However, new regulations in the US and EU may force the company to divest gold from USDT’s reserves if it seeks formal approval in those markets.

Trump Media files for Crypto Blue Chip ETF

Trump Media & Technology Group (NASDAQ:DJT) has filed to launch its third crypto-focused exchange-traded fund (ETF) under the Truth Social brand. Called the “Crypto Blue Chip ETF,’ the fund will aim to allocate 70 percent to Bitcoin, 15 percent to Ether and the remainder to Solana, Cronos and XRP.

This marks the latest move by the Trump-affiliated media company to expand its crypto investment footprint following two prior filings focused more narrowly on Bitcoin and Ether.

The ETF is set to trade on NYSE Arca, and is being developed in partnership with Crypto.com.

The company had earlier disclosed plans to raise US$2.5 billion to directly acquire Bitcoin. While Trump Media shares rose nearly 3 percent on the day of the announcement, it remains down over 40 percent year-to-date.

Sequans soars 43 percent on Bitcoin treasury strategy

Chipmaker Sequans Communications (NYSE:SQNS) saw its share price jump 43 percent after announcing a major pivot to a Bitcoin-based treasury reserve strategy. The firm raised US$384 million through equity and debt instruments to begin acquiring Bitcoin as a long-term corporate asset, emphasizing Bitcoin’s scarcity and independence from central banks as reasons behind the move and its potential to strengthen the company’s financial footing.

More than 40 institutional investors backed the fundraising, including convertible debentures and warrants that could bring in another US$57 million. The company plans to allocate future cash flows toward Bitcoin purchases.

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

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Report: Mavericks rookie Cooper Flagg shut down for NBA Summer League

Sport 2 Mins Read

Dallas Mavericks forward Cooper Flagg’s NBA Summer League run is expected to be over in Las Vegas.

The Mavericks will shut down the rookie for the rest of the exhibition tournament after just two games, according to ESPN’s Tim MacMahon.

Flagg, who was the No. 1 overall pick coming out of Duke in June, scored 31 points for Dallas in the 76-69 loss to No. 2 pick Dylan Harper and the San Antonio Spurs on Saturday, July 12.

‘I think it’s a new environment, new setting,’ Flagg said after the game on Saturday. ‘They want to see me be aggressive and do that type of stuff.’

It was a stronger performance for Flagg compared to his Summer League output against the Los Angeles Lakers on Thursday, July 10. The 6-foot-9 forward admitted after the game on Thursday that he wasn’t entirely pleased with his performance as he adjusted to the pace and play of the NBA game.

He scored 10 points in the first half but went scoreless in the second half, shooting 0-for-9 from the field during the final two quarters of play against the Lakers. Flagg finished the game shooting 5-for-21 from the field.

Who is Cooper Flagg?

Flagg joins the NBA after spending just one season at Duke. 

As a freshman, Flagg started all 37 games that he played in and averaged 19.2 points, 7.5 rebounds and 4.2 assists in 30 minutes per game. 

He won the Wooden Award and the Naismith Award.

This post appeared first on USA TODAY

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Wimbledon men’s final: Jannik Sinner defeats Carlos Alcaraz in 4 sets

Sport 9 Mins Read

World No. 1 Jannik Sinner denied No. 2 Carlos Alcaraz a three-peat at Wimbledon, winning the latest edition of tennis’ best rivalry in four sets – and avenging his loss to Alcaraz at the French Open.

After dropping the opening set, Sinner took control of the match behind his overpowering serve to win his fourth career Grand Slam title, 4-6, 6-4, 6-4, 6-4.

Two-time defending champion Alcaraz of Spain was no match for the Italian’s serve, which only seemed to get better as the match progressed. In the end, Sinner was able to prevent the kind of comeback Alcaraz staged at the French.

‘I had a very tough loss in Paris, but at the end of the day it doesn’t really matter how you win or you lose the important tournaments, you have to understand what you did wrong, try to work on that. That’s exactly what we did,’ Sinner said after the match.

‘We tried to accept the loss and just kept working and this is for sure one of the reasons why I hold this trophy right here.’

For Sinner, it was his first Wimbledon title and his first Grand Slam victory on anything other than a hard court – after he won the 2024 and 2025 Australian Open and 2024 U.S. Open. He becomes the first Italian to win the men’s singles title at Wimbledon.

‘We would never have thought we would be in this position back in the days when I was young,’ Sinner said he discussed with his coaches before the match. ‘This was only a dream of the dream because it was so far away where I’m from.

‘I’m just living my dream, so it’s amazing.’

Look back as USA TODAY followed all the action from Centre Court.

Live score: Men’s Wimbledon final

Sinner finishes off Alcaraz in four sets

A brilliant backhand service return down the line gave Sinner an early service break in the fourth set at 2-1. And he never let Alcaraz have an opening to break back.

The two-time defending champion tried to rally the Centre Court crowd behind him, but each time Sinner was able to combat the pressure.

Sinner was able to keep his foot on the accelerator throughout the final set, holding serve to close out the match. His last serve came off his racket at 137 mph, his fastest of the final.

Sinner gains the upper hand after winning third set

Could sweet revenge be in the cards for Jannik Sinner?

Looking to reverse the outcome of their classic French Open final, Sinner took the third set against Alcaraz with a powerful array of shotmaking. On his third break point of the set, Sinner came through with the winner he needed – helping him take control of the match with a two sets to one lead.

With the score even at 4-all and Alcaraz serving, Sinner crushed a forehand winner to put himself in position for the break. He capitalized when Alcaraz slipped on a deep baseline return, putting away the easy backhand volley into the open court.

Sinner then locked down the set with a couple powerful overhead shots and a service winner to close out the set 6-4.

Sinner did not have an ace in the first two sets, but he powered in six during the third.

Sinner evens the match with strong second set

These two tennis titans could be headed for second consecutive instant classic in a Grand Slam final.

After taking the opening set, Alcaraz couldn’t keep the momentum going at the start of Set 2. Sinner bounced back to record a service break in the opening game and – unlike in the opening set – he didn’t let Alcaraz come back.

Showing some uncharacteristic emotion, the usually mild-mannered Sinner gestured after several key points during the set. He closed it out with some great athleticism to win the final point on a cross-court stunner.

Alcaraz takes first set

Carlos Alcaraz rallied from an early deficit to win the final four games and take the opening set against Jannik Sinner.

After both players held serve their first two times, Sinner recorded the match’s first service break in the fifth game, winning the final four points with some aggressive returns.

But Alcaraz battled back to even the set at four games apiece thanks to a pair of unforced errors by Sinner on his serve.

Alcaraz broke Sinner once more to take the set, as Sinner double-faulted at deuce and Alcaraz hit an amazing return that just barely cleared the net for the clinching point.

Sinner, Alcaraz take the court

There’s a slight delay, but we’re now just moments away from the start of the gentlemen’s singles final at Wimbledon.

Alcaraz will serve first.

Matthew McConnaughey, Prince William, Princess Kate on hand

Among the celebrities spotted in the crowd: Actors Keira Knightley and Matthew McConnaughey, and recording artist Seal. There’s a royal presence in the audience as well.

What time is the Wimbledon men’s final?

The 2025 Wimbledon men’s final between No. 1 seed Jannik Sinner and No. 2 seed Carlos Alcaraz is scheduled for Sunday, July 13 at 11 a.m. ET (4 p.m. in London).

What TV channel is the Wimbledon men’s final on?

ESPN is televising the 2025 Wimbledon men’s final between No. 1 seed Jannik Sinner and No. 2 seed Carlos Alcaraz at 11 a.m. ET, following the women’s doubles final.

Is there a live stream of the Wimbledon men’s final?

You can live stream the match between No. 1 seed Jannik Sinner and No. 2 seed Carlos Alcaraz on the ESPN app, Disney+, ESPN+  and Fubo, which carries the ESPN family of networks and is offering a free trial.

Odds to win 2025 Wimbledon men’s final

Although No. 2 seed Carlos Alcaraz was favored to beat No. 1 seed Jannik Sinner on Friday night, according to BetMGM, the odds have flipped as the match has drawn closer. The latest odds Sunday morning now have Sinner as the favorite by a small margin.

  • Carlos Alcaraz -102
  • Jannik Sinner -115

What is the weather forecast for Wimbledon men’s final?

The Weather Channel is forecasting mostly cloudy skies for the afternoon of Sunday, July 13, with a temperature of 81 degrees at the start of the match and winds around 5 mph out of the Southeast.

Wimbledon men’s final prize money

The winner of the 2025 Wimbledon men’s singles championship will take home $4.07 million (£3,000,000) in prize money. The runner-up earns $2,060,989 (£1,520,000).

Path to the Wimbledon men’s final

How No. 1 Jannik Sinner reached the final

  • First round: Defeated Luca Nardi 6-4, 6-3, 6-0
  • Second round: Defeated Aleksandar Vukic 6-1, 6-1, 6-3
  • Third round: Defeated Pedro Martinez 6-1, 6-3, 6-1
  • Fourth round: Defeated No. 19 Grigor Dimitrov 3-6, 5-7, 2-2, retired
  • Quarterfinals: Defeated No. 10 Ben Shelton 7-6 (7-2), 6-4, 6-4
  • Semifinals: Defeated No. 6 Novak Djokovic 6-3, 6-3, 6-4

How No. 2 Carlos Alcaraz reached the final

  • First round: Defeated Fabio Fognini 7-5, 6-7 (5-7), 7-5, 2-6, 6-1
  • Second round: Defeated Oliver Tarvet 6-1, 6-4, 6-4
  • Third round: Defeated Jan-Lennard Struff 6-1, 3-6, 5-3, 6-4
  • Fourth round: Defeated No. 14 Andrey Rublev 6-7 (5-7), 6-3, 6-4, 6-4
  • Quarterfinals: Defeated Cameron Norrie 6-2, 6-3, 6-3
  • Semifinals: Defeated No. 5 Taylor Fritz 6-4, 5-7, 6-3, 7-6 (8-6)

How many Grand Slam finals has Jannik Sinner made?

Wimbledon 2025 marks the fifth Grand Slam final for Sinner. He won the 2024 and 2025 Australian Open and the 2024 US Open but lost in the final of the 2025 French Open to Alcaraz.

How many Grand Slam finals has Carlos Alcaraz made?

This is Carlos Alcaraz’s sixth Grand Slam singles final. He has won his five previous major finals, capturing the 2022 US Open, the 2024 and 2025 French Open and the past two Wimbledon titles in 2023 and 2024.

Carlos Alcaraz vs. Jannik Sinner: Head-to-Head

Wimbledon 2025 marks the 13th meeting between Carlos Alcaraz and Jannik Sinner. Alcaraz has dominated the rivalry, winning eight of the 12 previous contests, including the past five. Their most recent meeting was a five-set thriller in the final of the French Open last month, when Alcaraz rallied from two sets down to win Roland Garros crown.

The duo has met four times total in Grand Slam tournaments. In addition to the 2025 French Open, Alcaraz beat Sinner in the semfinals at Roland Garros in 2024 and the quarterfinals of the 2022 US Open. Sinner won their first Grand Slam meeting in the fourth round of Wimbledon in 2022. — Ellen J. Horrow

Carlos Alcaraz’s career record, prize money

Jannik Sinner’s career record, prize money

Who has the most Wimbledon men’s singles titles?

Roger Federer has the record for most men’s singles titles in the history of the event, winning all of his championships in the Open Era (since 1968). He won the Wimbledon championship eight times during his storied career, with his first victory coming in 2003 and last in 2017. That included a run of five consecutive titles at the tournament from 2003-07. — Jacob Camenker

A total of 9 men have won Wimbledon at least four times. Most titles (*-amateur era; ^-amateur and Open era):

  • Roger Federer: 8
  • Novak Djokovic: 7
  • Pete Sampras: 7
  • *-William Renshaw: 7
  • Bjorn Borg: 5
  • *-Laurence Doherty: 5
  • *-Reginald Doherty: 4
  • ^-Rod Laver: 4
  • *-Anthony Wilding: 4

What surface is Wimbledon played on?

Wimbledon generally produces faster tennis and more volleys than the other majors, and balls do not bounce nearly as high. The surface can also be slippery at times, especially compared to hardcourts.

‘You have to be more focused on the footwork here,’ Carlos Alcaraz told The Athletic after winning his second Wimbledon men’s singles championship in 2024. ‘Moving on grass is the key to everything on grass. I can’t slide as I do on clay or on a hard court.’ — John Leuzzi

Where is Wimbledon held?

  • Location: All England Lawn Tennis & Croquet Club (London)

The 138th edition of the Wimbledon Championships is being held at the All England Lawn Tennis & Croquet Club on Church Road in London. It is the 103rd time that the Grand Slam event has been held on Church Road, a streak that dates back to 1922.

The Grand Slam event hasn’t always been held at the All England Club on Church Road, however. From 1877 through 1921, the Wimbledon Championships were held at the former All England Lawn Tennis & Croquet Club location on Worple Road in London. — John Leuzzi

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Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic Raises US$100 Million

Investing 5 Mins Read

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

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

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

1. Apple announces leadership shift

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

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

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

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

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

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

2. Meta makes eyewear bet

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

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

3. Huawei seeks to step in amid US restrictions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Investing

Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

Investing 6 Mins Read

 

(TheNewswire)

 

   

   
     

 

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

 

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

 

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

 

  ABOUT Silver Crown Royalties INC.  

 

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

 

  Silver Crown Royalties Inc.  

 

  Peter Bures, Chairman and CEO  

 

  Telephone: (416) 481-1744  

 

  Email:   pbures@silvercrownroyalties.com  

 

  FORWARD-LOOKING STATEMENTS  

 

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

 

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

 

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

 

   

 

Copyright (c) 2025 TheNewswire – All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

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Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat

Editor's pick 3 Mins Read

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

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

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

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

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

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

Walmart did not respond to a request for comment.

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

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

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

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

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

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

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

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

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

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Paul ‘Triple H’ Levesque gives update to Seth Rollins injury

Sport 3 Mins Read

The early prognosis for Seth Rollins’ injury: ‘Doesn’t look good.’

WWE chief content officer Paul ‘Triple H’ Levesque addressed Rollins’ injury during his press conference following Evolution. He said it’s ‘a little bit inconclusive’ of what injury Rollins suffered on Saturday, July 13, but the outlook is not good. Levesque expects to get an answer on Monday, July 14 when Rollins sees a doctor.

‘Will get an MRI and hope for the best,’ Levesque said. ‘See where we can go with that.’

What happened to Seth Rollins?

It’s a gloomy update one day after Rollins appeared to suffer a devastating injury during a televised match. Rollins faced LA Knight at Saturday Night’s Main Event, and during the match he attempted a moonsault in the ring and his knee buckled. He immediately went down and grabbed his knee as he backed into the corner of the ring, with the referee and Paul Heyman checking in on him.

A ringside doctor eventually came and talked with Rollins. After the brief discussion, Rollins got back to his feet and LA Knight hit the BFT to set up the pin for the win. It came off as a quick adjustment to the ending.

After the match, people inside the arena took video of Rollins getting help leaving the ring, and one video on social media showed Rollins’ clearly frustrated, with the wrestler barking expletives as he was assisted.

While the extent of Rollins’ injury is still unavailable, it likely is a major injury for ‘The Visionary’ and could potentially mean some big changes to storylines. Rollins is Mr. Money in the Bank, able to cash it in for a championship opportunity at any time, and there was speculation he would do it at Saturday Night’s Main Event.

Plus, he is still riding the momentum of his WrestleMania 41 victory, and was leading a stable with Bron Breakker, Bronson Reed and Heyman. The menacing group was also involved in storylines with Jey Uso, Sami Zayn and Penta.

Seth Rollins injury history: Constant knee injuries

The injury is just the latest one to affect Rollins’ knee, as its something that’s plagued his WWE career.

In November 2015, Rollins tore the anterior cruciate ligament (ACL), medial collateral ligament (MCL) and meniscus in his right knee during a live event in Ireland. He required surgery, and was forced to vacate the WWE World Heavyweight Champion as he missed seven months. Rollins then re-tore the MCL in the same knee in January 2017, but didn’t miss much time.

He tore the meniscus in his left knee in January 2024. Even though he was injured, Rollins still appeared in WWE as World Heavyweight Champion while taking part in the build-up to WrestleMania 40. He wrestled both nights of the event despite the injury, and was instrumental in the Cody Rhodes vs. The Rock and Roman Reigns storyline. He missed two months of action following the event.

This post appeared first on USA TODAY

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Draft pick follows in All-Star dad’s footsteps with Rockies

Sport 3 Mins Read

ATLANTA — As Matt Holliday’s eldest sons navigated their way through amateur baseball, rising from decent prospects to potential first-round picks, the difference between father and sons became apparent in their public appearances:

Jackson and Ethan were simply different physical specimens than their father, a seven-time All-Star who at 6-4 and 240 pounds still looks like he could bat cleanup – or be an edge rusher – for somebody.

But now, there is an undeniable link between the OG Holliday and Ethan: Son will follow in father’s footsteps as a Colorado Rockie.

MLB DRAFT TRACKER: Every pick from 2025’s first round

Ethan Holliday’s draft day didn’t begin as anticipated Sunday night, with the Washington Nationals opting for his Oklahoma prep shortstop cohort, Eli Willits, as the No. 1 overall pick, followed by collegiate arms Tyler Bremner and Kade Anderson by the Los Angeles Angels and Seattle Mariners.

But any semblance of a slide turned into serendipity.

The Rockies did not hesitate to snag Holliday with the fourth overall pick, opting for a shortstop who stands eye to eye with his father yet posseses an athleticism that allows him to patrol shortstop.

Ethan is also taller and projected to be stronger than older brother Jackson, and although he did not equal Jackson’s 2022 feat by becoming the first overall pick, he has the ceiling to light up Coors Field.

Holliday batted .661 with 19 home runs and 64 RBIs for Stillwater High School this season, earning consensus as the No. 1 pick yet not separating himself to the extent an organization’s whims or the vagaries of bonus pool allocation might get a club like Washington to switch up.

Yet there’s a certain family tradition he’s now happy to inherit.

Matt Holliday mashed in Denver, hitting 130 home runs in six seasons, with a .936 OPS and a 131 adjusted OPS, meaning that with altitude factored in he was still approaching elite offensive production. He provided one of the more iconic moments in franchise history, sliding home just ahead of the throw (or not – the play would be a lightning rod for eventual replay review) – to score the winning run in a one-game playoff against the San Diego Padres in 2007.

The Rockies would advance to their only World Series weeks later; Ethan Holiday was just seven months old.

‘Man, this is a really incredible opportunity,’ Ethan Holliday said in an MLB Network interview shortly after the Rockies selected him. ‘I’m so driven by faith, so grateful. I don’t even know what words to put to this. The Rockies organization, I’m just so thankful to them.

‘That just adds such a cool thing, knowing everyone in the organization since I was born.’

Eventually, the Rockies faded and traded Holliday to Oakland, and he went on to have seven All-Star campaigns with the Cardinals. He finished up with a final, partial season in Colorado, by which time young Jackson and Ethan were familiar sights in Matt’s clubhouses.

Now, it will seem like déjà vu in Denver, with a thinner, perhaps more athletic and potentially potent Holliday back in town.

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