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The left-handed pitcher, expected to be a top five pick in the upcoming MLB draft, was completely dominant against Coastal Carolina in Game 1 of the national championship series, tossing a complete-game shutout to end the Chanticleers’ 26-game win streak in the 1-0 win. The complete-game shutout was the first in the College World Series national championship series since 2018.

The draft-eligible sophomore is almost assuredly done for the season, as he threw 130 pitches on Saturday night. LSU can clinch the national title with a win on June 22, with Coastal Carolina hoping to force an if-necessary Game 3 on June 23.

Anderson extended his nation-leading strikeout total to 180 on the season. He entered the game with an 11-1 record and a 3.44 ERA in 110 innings.

Anderson walked five batters and hit two others, but his performance was still more-than good enough to take Game 1.

Here’s a look at Kade Anderson’s highlights and final line from his powerful final collegiate start against Coastal Carolina in the national championship series:

Kade Anderson stats vs Coastal Carolina

  • Kade Anderson stats vs. Coastal Carolina: No runs on three hits, five walks and two hit by pitches with 10 strikeouts across nine innings.

Kade Anderson highlights vs Coastal Carolina

Here’s a look at Anderson’s top highlights against the Chanticleers on Saturday:

This post appeared first on USA TODAY

The Seattle Mariners’ Cal Raleigh did it again.

On Saturday, Raleigh hit his 30th home run of the season, giving him the most homers by a switch hitter before MLB’s All-Star break.

Raleigh’s blast came off Chicago Cubs reliever Daniel Palencia to start the ninth inning. This came after he hit two homers Friday against the Cubs to break the previous record for the most home runs by a catcher before the All-Star break, which was set by Hall of Famer Johnny Bench in 1970.

Raleigh’s journey to greatness is not over yet. He now stands alongside Hall of Famer Ken Griffey Jr. as the second Mariners player to hit 30 home runs before the All-Star break. With his fantastic season, the potential for Raleigh to surpass Mickey Mantle’s record of 54 home runs by a switch hitter, set in 1961, is definitely within reach.

Cal Raleigh stats

  • Batting average: .272
  • On-base percentage: .377
  • Slugging percentage: .649
  • Home runs: 30
  • RBI: 64
  • OPS: 1.026

MLB home run leaders

  1. Cal Raleigh, Mariners – 30
  2. Aaron Judge, Yankees – 27
  3. Shohei Ohtani, Dodgers – 25
  4. Eugenio Suarez, Diamondbacks – 24
  5. Kyle Schwarber, Phillies – 23
  6. Pete Crow-Armstrong, Cubs – 21

When do Mariners play next?

The Mariners will face the Cubs again at Wrigley Field on Sunday, June 22 at 2:20 p.m. ET.

This post appeared first on USA TODAY

A day after San Francisco Giants’ reliever Sean Hjelle’s wife, Caroline, accused him of infidelity, family abandonment, and abuse in a viral TikTok, posted Friday, June 20, the team released a statement on the matter.

‘We are aware of these serious allegations,’ the statement read. ‘We have been in contact with MLB. These type of allegations fall under their jurisdiction and we won’t be commenting further.’

The TikTok, which has garnered more than 3.5 million views and over 230,000 likes in less than 24 hours since it was posted, includes a caption that says, ‘When my MLB husband abandons us on Mothers Day a week after this (video was taken) once I finally found about his affairs and stopped putting up with his abuse, so I’ve been raising two boys alone.’

Before the game, Giants manager Bob Melvin said Hjelle was available to pitch on Saturday. Melvin acknowledged he was aware of the accusations.

‘He told me about it last night,’ Melvin told reporters. ‘We’ve talked to MLB and at this point, it’s in their jurisdiction so we can’t comment on it any further.’

What else has Caroline Hjelle said on the matter?

The San Jose Mercury News cited a Giants spokesperson, who said the couple is divorced.

It is unclear when the couple officially ended their marriage, but Caroline has several posts on her TikTok alluding to her struggles as a solo parent, dating back to October 2024, when she posted this video for the ’17 Diapers’ trend, meant to detail the struggles of early parenthood.

On April 8 of this year, Hjelle posted another TikTok with the hashtag ‘divorce’, claiming she was ‘devastated’ after ‘finding out all the lies.’

Has Hjelle been important to the Giants’ success?

The Giants have been one of the surprise teams of 2025 with a 42-34 record while sitting in second-place in the NL West. A large reason for that success has been their bullpen, which has posted an MLB-best 2.60 ERA.

Hjelle played a sizable role in the Giants’ bullpen in 2024, when he recorded a 3.90 ERA across 80⅔ innings. However, he’s taken a large step back in 2025, with his ERA ballooning to 4.66, while his BB/9 has increased massively from 1.6 in 2024 to 6.5 this year. Hjelle has pitched only 9⅔ innings this season.

This post appeared first on USA TODAY

NASCAR’s first international race in decades proved to be a dominant afternoon for Trackhouse Racing’s Shane van Gisbergen.

The Cup Series rookie led 60 of the 100 laps, including the final 32 on the road course in Mexico City, to take his first win of the 2025 season. That victory, in the Cup Series’ first ever race in Mexico, ensures the New Zealander will be in the playoffs this year. It also marked his second career Cup Series win. His first came in a similarly historic setting in 2023 when he won the series’ first street race in the streets of Chicago.

The first points-paying international Cup Series race since 1958 was a commercial success. With 2.1 million viewers on Amazon Prime Video, the Viva Mexico 250 had the youngest audience for any Cup Series race since 2017.

This week the grid returns to U.S. soil for a race at an iconic track on the calendar: Pocono Raceway. It’s the only track on the Cup Series schedule with just three turns, and it’s been a staple on the schedule since 1971.

This week’s race is the final one to set seeding for NASCAR’s inaugural in-season challenge. Denny Hamlin secured a top seed in the tournament thanks to his win in Michigan two weeks ago. Van Gisbergen did not qualify for the tournament – which features the top 32 drivers in the points standings prior to Michigan – so his win did not earn him a top seed.

NASCAR IN-SEASON CHALLENGE: What you need to know about the new tournament

There’s still one more chance for the 32-driver field to solidify their seeding in the tournament. Here’s everything you need to get ready for the Cup Series race in Pocono on June 22:

What time does the NASCAR Cup race at Pocono start?

The Great American Getaway 400 presented by VISITPA is scheduled to start at 2 p.m. ET Sunday at Pocono Raceway in Long Pond, Pennsylvania.

What TV channel is the NASCAR Cup race at Pocono on?

The Great American Getaway 400 is the final race of the year to be broadcast exclusively on Prime Video. That means there is no national TV broadcast for the race. Pre-race coverage will start at 1:30 p.m. ET.

Will there be a live stream of the NASCAR Cup race at Pocono?

Yes, the Great American Getaway 400 will be streamed on Prime Video.

How many laps is the NASCAR Cup race at Pocono?

The Great American Getaway 400 is 160 laps around the 2.5-mile track for a total of 400 miles. The race will have three segments (laps per stage) — Stage 1: 30 laps; Stage 2: 65 laps; Stage 3: 65 laps.

Who won the NASCAR Cup race at Pocono last year?

What is the lineup for the Great American Getaway 400 at Pocono?

(Car number in parentheses)

  1. (11) Denny Hamlin, Toyota
  2. (17) Chris Buescher, Ford
  3. (77) Carson Hocevar, Chevrolet
  4. (42) John Hunter Nemechek, Toyota
  5. (41) Cole Custer, Ford
  6. (19) Chase Briscoe, Toyota
  7. (54) Ty Gibbs, Toyota
  8. (45) Tyler Reddick, Toyota
  9. (20) Christopher Bell, Toyota
  10. (99) Daniel Suarez, Chevrolet
  11. (43) Erik Jones, Toyota
  12. (22) Joey Logano, Ford
  13. (60) Ryan Preece, Ford
  14. (6) Brad Keselowski, Ford
  15. (38) Zane Smith, Ford
  16. (3) Austin Dillon, Chevrolet
  17. (4) Noah Gragson, Ford
  18. (9) Chase Elliott, Chevrolet
  19. (2) Austin Cindric, Ford
  20. (12) Ryan Blaney, Ford
  21. (1) Ross Chastain, Chevrolet
  22. (7) Justin Haley, Chevrolet
  23. (88) Shane Van Gisbergen, Chevrolet
  24. (5) Kyle Larson, Chevrolet
  25. (48) Alex Bowman, Chevrolet
  26. (8) Kyle Busch, Chevrolet
  27. (10) Ty Dillon, Chevrolet
  28. (71) Michael McDowell, Chevrolet
  29. (35) Riley Herbst, Toyota
  30. (47) Ricky Stenhouse Jr., Chevrolet
  31. (24) William Byron, Chevrolet
  32. (34) Todd Gilliland, Ford
  33. (16) AJ Allmendinger, Chevrolet
  34. (23) Bubba Wallace, Toyota
  35. (21) Josh Berry, Ford
  36. (51) Cody Ware, Ford
  37. (44) Brennan Poole, Chevrolet

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

The 2024-25 NBA season – through the promise of a fresh start in October to the dog days of late January to the late-season push for the postseason in late March, early April to the two-month playoffs schedule to determine a champion – comes down to one more game.

Game 7 between the Oklahoma City Thunder and Indiana Pacers in the NBA Finals on Sunday, June 22 (8 p.m. ET, ABC). Forty-eight minutes – possibly more – between two talented, deep, well-coached and exhausted teams.

‘One game for everything you ever dreamed of,’ Thunder star and this season’s MVP Shai Gilgeous-Alexander said. ‘If you win it, you get everything. If you lose it, you get nothing. It’s that simple.’

Simple in theory. Difficult in practice.

Because winning a championship isn’t easy. It shouldn’t be.

One more game. The 20th Game 7 in NBA Finals history. Pacers-Thunder.

Indiana has never won an NBA title; since relocating to Oklahoma City from Seattle in 2008, the Thunder have never won a title.

‘Just really focused on Game 7 and trying to take it just a moment at a time,’ Pacers star Tyrese Haliburton said. ‘Really enjoying what we’re doing. Understanding this is going to be one of the biggest, if not the biggest, game most of us ever play in in our lives, and for our organization from a historical standpoint, as well. That’s something that you don’t take for granted and you enjoy as a competitor.’

Here’s how each team can win Game 7:

How Thunder can win NBA Finals Game 7

It starts with Shai Gilgeous-Alexander

The MVP needs to play like the MVP, and he can’t have more turnovers than made shots as he did in Indiana’s Game 6 victory. Making mid-range shots, getting to the rim and free throw line, knocking down the occasional 3-pointers and making sure his teammates are involved. The Thunder are at their best when Gilgeous-Alexander scores around 30 points, five assists, two steals and attempts 10 free throws and has no more than three turnovers.

Limit turnovers

In Indiana’s Game 3 victory, the Thunder committed 19 turnovers, and in Indiana’s Game 6 victory, the Thunder turned the ball over 21 times. It’s one thing if shots are falling, it’s another to have that many possessions with a field goal attempt.

Offense from Jalen Williams and Chet Holmgren

The Thunder don’t need 40 points from Williams like they got from him in Game 5. However, an efficient Jalen Williams who is attacking the basket off the dribble and in transition and scoring 20-plus points while rebounding and collecting assists gives the Thunder a much better chance of winning.

It’s clear Holmgren needs to be involved offensively. He had just six points in the Game 1 loss and four points in the Game 6 loss and was 4-for-18 from the field in those two games. He’s averaging 12.7 points and 10.7 rebounds in Finals victories and 10 points and 7.3 rebounds in Finals losses.

Bench contributions

The Thunder have used depth to their advantage all season. Getting 3s from Cason Wallace, Alex Caruso and Aaron Wiggins is important. Caruso has scored just two points in the past two games and was scoreless in Game 6. Wallace, Caruso and Wiggins were 1-for-6 on 3s in Game 6 and 7-for-14 in Game 5 and 14-for-26 in Game 2.

Home-court advantage

The Thunder are not immune to home losses – they lost Game 1 of the Western Conference semifinals to Denver and Game 1 of the NBA Finals to Indiana at home. However, they were 35-6 at home during the regular season and 10-2 during the playoffs. Oklahoma City provides one of the best home crowds in the league, and the Thunder can use that energy. LeBron James often said home-court advantage doesn’t mean anything until a Game 7.

How the Pacers can win Game 7

Tyrese Haliburton’s ability to play through injury

Haliburton has a strained calf, and if this were the regular season and even earlier in the playoffs, he might not be playing. But in Game 6 and Game 7 of the Finals, he is. He only played 23 minutes in the Pacers’ Game 6 blowout victory and had 14 points, five assists and two steals. That kind of per-minute production should keep the Pacers in the game with a chance to win.

Feisty, unpredictable defense

The Pacers’ improved defense is a major reason they are in this position. They like to pressure the basketball, sometimes full court, and that kind of intensity for four quarters wears down an opponent. Indiana wants to force turnovers, limit Oklahoma City’s offensive opportunities and keep Gilgeous-Alexander from dominating with his scoring. In Game 6, the Pacers held the Thunder to 91 points, which is the Thunder’s lowest-scoring game of the playoffs and just the second time they didn’t reach 100 this postseason.

3-point shooting

The Pacers have been the best 3-point shooting team percentage-wise in the playoffs (.390) and have made 36.4% against the Thunder in the Finals. In their three Finals victories, they have outscored the Thunder 126-87 on 3-pointers. Aaron Nesmith, Andrew Nembhard, Pascal Siakam, Myles Turner, Obi Toppin and Haliburton need to combine for about 15 3-pointers. The Pacers average 14 made 3s in their Finals victories and 12 in their Finals losses.

Bench play

When T.J. McConnell, Bennedict Mathurin and Toppin are providing quality minutes, the Pacers are tough to beat. McConnell’s bulldog mentality is an important part of Indiana’s success.

Pascal Siakam’s experience

Siakam is the only Pacers player with championship experience (Toronto Raptors, 2019), and he has been a fantastic two-player in this series. If the Pacers win the title, he just might be Finals MVP. He’s averaging 19.8 points, 8.3 rebounds, 4.0 assists, 1.7 steals and 1.3 blocks and shooting 46.4% from the field and 82.5% on free throws.

Pacers coach Rick Carlisle’s strategy

Carlisle has extracted the maximum from this roster. Can he yield another victory? He has a great coaching staff, and Carlisle and his assistants have assembled outstanding game plans for this series. He has found ways to get points against Oklahoma City’s top-rated defense and slow down the Thunder’s No. 3 offense. It’s no secret he’s one of the league’s best coaches over the past two decades, and he has been at the top of his game during the past two seasons with Indiana.

This post appeared first on USA TODAY

This week, Julius breaks down the current sector rotation using his signature Relative Rotation Graphs, with XLK vaulting into the leading quadrant while utilities and staples fade. He spotlights strength in the technology sector, led by semiconductors and electronic groups that are outpacing the S&P 500. Microchip heavyweights AMD, NVDA, and AVGO are displaying bullish RRG tails, reinforcing the trend. Communication Services and Energy are gaining momentum as well, rounding out a playbook that rewards disciplined trend-following amid risk from geopolitical headlines.

This video was originally published on June 20, 2025. Click on the icon above to view on our dedicated page for Julius.

Past videos from Julius can be found here.

#StayAlert, -Julius

Investment Insight

Coelacanth Energy presents strong growth potential in the Canadian light oil and natural gas sector with encouraging well test results, a robust infrastructure buildout, and a management team with a track record of repeated success, making it a compelling growth story.

Overview

Coelacanth Energy (TSXV:CEI) is a junior oil and natural gas exploration and development company, focusing primarily on the prolific Montney region in northeastern British Columbia, Canada. With a substantial landholding of approximately 150 net sections in the Two Rivers area of Montney, Coelacanth is strategically positioned to harness the potential of one of the most resource-rich natural gas basins in North America.

Coelacanth distinguishes itself with a two-pronged strategy: near-term production growth and long-term resource development. Supported by advanced geological delineation and a robust infrastructure buildout, the company is poised to scale efficiently as it transitions from exploration to production.

Backed by a management team that has built and sold six successful oil and gas companies, Coelacanth is focused on delivering returns through disciplined capital deployment and operational execution.

The Montney Advantage

The Montney Formation spans British Columbia and Alberta and is known for its high levels of recoverable natural gas and liquids. Montney has attracted numerous large oil and gas producers, including companies like Canadian Natural Resources (CNQ), Shell, ARC Resources (ARX), Tourmaline Oil Corp (TOU), and ConocoPhillips (COP). The presence of such large players highlights the importance of this region in contributing to both the Canadian and global energy markets.

Coelacanth’s landholdings are strategically located in the Two Rivers area of Montney, giving it access to a highly productive portion of the basin. Unlike many junior exploration companies, Coelacanth is drill-ready, positioning it favorably among its peers. By securing significant infrastructure and landholdings, Coelacanth ensures its ability to tap into the natural gas and oil resources that lie beneath its properties, a key advantage in the competitive Montney region.

Company Highlights

  • Over 150 net sections of contiguous land in the Two Rivers area, located in the Montney geological fairway, a prolific oil and liquids-rich natural gas region.
  • Strategic proximity to major producers like ARC Resources, Tourmaline Oil Corp, Shell and ConocoPhillips.
  • Fully permitted and funded infrastructure development program, with first production from Two Rivers East Pad started in June 2025 and expected to ramp through the summer.
  • Phase 1 facilities will support initial production of 8,000 boe/d; Phase 2 will add compression and double total capacity by Q4 2025.
  • Nine wells have been drilled and tested at the 5-19 pad, collectively flowing at over 11,000 boe/d in flush test rates.
  • Estimated production growth: 4,000 boe/d in 2025; 11,000 boe/d in 2026; 15,000 boe/d in 2027.

Key Projects

Two Rivers East and Two Rivers West

The Two Rivers Montney development is the cornerstone of Coelacanth’s growth strategy. This multi-zone resource play features Lower, Upper, Basal and Middle Montney formations, offering significant running room for future development. The company has drilled and tested nine wells on the 5-19 pad (seven Lower Montney, one Upper, one Basal), yielding impressive flush production test rates totaling more than 11,000 boe/d, on a combined basis. Some wells tested at over 1,200 boepd with 50 percent light oil, highlighting strong liquids yields.

Two Rivers Asset Advantage

Two Rivers East started first production in June 2025, with production to be systematically ramped up over the summer. This production is supported by a new Phase 1 facility capable of processing 30 mmcf/d of gas and associated oil. Phase 2, planned for late 2025, will double capacity with added compression.

The Two Rivers West project, already in production, complements the East project with upside in the Upper Montney and delineation potential across additional benches. Test wells have demonstrated commercial deliverability and support long-term production sustainability.

Market Access and Takeaway Agreements

Coelacanth has secured long-term gas takeaway for its growing production base. The company holds firm commitments for up to 100 mmcf/d of natural gas takeaway capacity and has secured processing capacity of up to 60 mmcf/d at a third-party facility. Oil and condensate produced from the Montney light oil window can be trucked to regional terminals or connected via infrastructure to major hubs including Fort Saskatchewan, Edmonton and Prince George.

On the gas side, Coelacanth has egress options through pipelines such as NGTL, Westcoast and Alliance, and is strategically positioned to benefit from future access to LNG Canada via the Coastal GasLink system.

Board and Management

Rob Zakresky – President and CEO

Rob Zakresky has a significant background in the oil and gas sector, previously serving as the president and CEO of Leucrotta Exploration as well as five additional predecessor companies. He has been with Coelacanth Energy since its inception and is recognized for his strategic leadership and focus on enhancing shareholder value. His expertise in financial management and operations is reflected in his approach to driving the company’s growth.

Bret Kimpton – Vice-president of Operations and COO

Bret Kimpton joined Coelacanth Energy in 2022, bringing a wealth of experience from his previous role as vice president of production at Storm Resources, where he contributed to significant production growth. He has a strong background in construction and operations, especially in the Montney region of British Columbia, managing various fields. His role at Coelacanth focuses on overseeing operational efficiency and implementing the company’s growth strategies.

Nolan Chicoine – Vice-president of Finance and CFO

Nolan Chicoine has also been with Coelacanth Energy since its inception. His responsibilities encompass financial oversight, including financial planning, reporting, and analysis. He plays a crucial role in aligning the financial strategies with the company’s operational goals. His background includes significant experience in financial management as CFO for Leucrotta Exploration, Crocotta Energy, and Chamaelo Energy.

Jody Denis – Vice-president of Drilling & Completions

Jody Denis is the former drilling, engineering & operations engineer at Leucrotta Exploration. Prior to that, he was senior operations advisor at Black Swan Energy, drilling manager at ARC Resources, and drilling and completions manager at Birchcliff Energy.

John Fur – Vice-president Geosciences

John Fur is the former manager, exploration of Leucrotta Exploration, and former senior geophysicist at Crocotta Energy, Chamaelo Energy, Chamaelo Exploration, Viracocha Energy, Canadian Natural Resources, Post Energy, Amber Energy and Husky Oil.

This post appeared first on investingnews.com

Jeffrey Christian, managing partner at CPM Group, shares his latest thoughts on gold, silver and platinum-group metals, outlining potential price scenarios for the months ahead.

He also discusses his broader outlook for the US economy.

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

This post appeared first on investingnews.com

Ericsson (NASDAQ:ERIC) and Rogers Communications (NYSE:RCI) have activated Canada’s first underground private 5G network at the Northern Center for Advanced Technology’s (NORCAT) Sudbury mine.

The move is part of a bid to transform traditional mining operations with cutting-edge connectivity.

At the heart of this innovation is the Ericsson Private 5G system, which the company says delivers seamless, high-performance, low-latency coverage from the surface to depths of more than a mile.

Built on Ericsson’s EP5G technology and integrated with Rogers’ private network expertise, the setup is designed for smart mining applications that Wi‑Fi cannot adequately support. These include autonomous haul trucks, remote-controlled drilling rigs, environmental monitoring sensors and real-time asset tracking.

‘The NORCAT Underground Centre provides an extraordinary platform for companies worldwide to showcase their cutting-edge technologies in a real operating mine, shaping the future of the mining industry,’ said NORCAT CEO Don Duval in a Thursday (June 19) press release, calling it an ‘ecosystem like no other in the world.’

Duval also emphasized the importance of collaboration in making sustainable impacts in mining. Adam Burley, director of IoT and wireless private networks at Rogers, stressed the collaborative roots of the breakthrough as well:

“Rogers and Ericsson have worked together for more than 35 years … Every industry is looking for operational efficiency, and if you develop or rely on technology for mining, NORCAT is where you go to test and certify products that work within a real-world environment.”

The company’s private 5G setup is scalable and future proof, allowing agile adaptation as new technology needs emerge — from integrating 4G systems to deploying large-scale sensor networks.

Use cases across various aspects of mining

Ericsson views the network as an extension of its quality of service features — ideal for mission-critical mining operations where data reliability matters — that apply in different facets of the mining process.

Industry forecasts validate the broader relevance of private networks.

A McKinsey report indicates demographic shifts in mining workforces that make modernization a priority — aging employees are nearing retirement and younger workers are expecting digital environments.

Around 71 percent of mining leaders cite talent shortages as barriers to production targets, reinforcing the dual mandate of digital adoption and workforce transformation.

Beyond workforce and safety, remote operations and asset management benefit from the technology.

Remote control centers with scalable data pipelines and robust connectivity eliminate the need for staff to occupy large numbers of underground positions while maintaining compliance with environmental and safety regulations.

Similarly, data-centric asset management, powered by sensors, HD video cameras and predictive analytics, brings down costs, extends equipment lifespans and reduces unplanned downtime.

Mining contributes an estimated US$1.5 trillion to the global economy, per World Mining Data 2020.

As these operations move toward automation, private 5G networks may prove foundational, enabling safer, faster and greener production systems. NORCAT’s smart mine could become a template for the future, demonstrating how next-generation connectivity can bridge the gap between current operations and fully digitalized mining.

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 (June 20) as of 9:00 p.m. UTC.

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

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$103,366, a decrease of 0.9 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$102,624 and a high of US$106,042 as the market opened.

Bitcoin price performance, June 20, 2025.

Chart via TradingView.

The Bitcoin price stalled after reaching around US$106,500, then sank below US$104,000 as an unusually large expiry of options and futures contracts worth US$6.8 trillion occurred on US stock indexes.

The US Federal Reserve held interest rates steady on Wednesday (June 18), but Christopher Waller, a member of the Federal Reserve Board of Governors, said a cut is possible next month if inflation remains controlled.

Cuts typically boost risk assets like Bitcoin. Markets have already pushed the US dollar index to a three year low, so a surprise rate cut could further weaken the dollar and propel Bitcoin forward.

Ethereum (ETH) is currently priced at US$2,415.98, a 3.5 percent decrease over the past 24 hours. Its lowest valuation on Friday was US$2,396.50, and its highest valuation was US$2,556.46 as trading commenced.

Altcoin price update

  • Solana (SOL) was priced at US$139.45, down 4.1 percent over 24 hours. SOL experienced a low of US$136.98 after peaking at its opening price of US$147.68.
  • XRP pulled back from its opening price of US$2.17, its highest valuation of the day, to trade at US$2.12 as the markets wrapped, a 2.1 percent decrease in 24 hours. Its lowest valuation on Friday was US$2.09.
  • Sui (SUI) closed at US$2.72, a declineof 3.9 percent over the past 24 hours. Its price also peaked this morning at US$2.85 and its lowest valuation was US$2.66.
  • Cardano (ADA) is priced at US$0.5783, down 3.6 percent in 24 hours. Its lowest valuation on Friday was US$0.5636, and its highest valuation was US$0.6044.

Today’s crypto news to know

Coinbase launches Stablecoin payments platform for e-commerce

Coinbase Global (NASDAQ:COIN) has unveiled a new product called Coinbase Payments, designed to help online retailers accept stablecoins like USDC with minimal friction. The system is built to mirror traditional card infrastructure so that merchants can plug it in without having deep cryptocurrency knowledge.

The platform targets marketplaces such as Shopify (TSX:SHOP,NYSE:SHOP) and eBay (NASDAQ:EBAY), giving small to medium businesses a cost-effective alternative to credit card fees.

Shopify is the first to integrate the system, allowing merchants to accept USDC payments through Coinbase’s Layer 2 Base network. The platform supports crypto wallets like Coinbase Wallet, MetaMask and Phantom and includes features for transaction authorization, refunds and recurring payments.

Circle surges as Senate approves Stablecoin Bill

Circle (NYSE:CRCL) shares continued to rally on Friday, jumping another 11 percent after a 34 percent surge the day before, as momentum builds behind a Senate-approved bill to regulate stablecoins.

The GENIUS Act, a bipartisan effort, could bring long-awaited legal clarity to stablecoin issuers like Circle, which manages the US$32 billion USDC token. Although the bill still needs approval from the House and requires a signature from US President Donald Trump, investors are already optimistic.

Circle shares are now trading at US$221, up from an initial public offering price of just US$31 — signaling massive investor confidence amid a changing regulatory climate.

South Korea’s central bank weighs in on stablecoins

Bank of Korea Governor Rhee Chang-yong said at a press conference this week that the central bank is not opposed to a won-based stablecoin, but is concerned about managing the FX of the token, according to Reuters report.

‘Issuing won-based stablecoin could make it easier to exchange them with a dollar stablecoin rather than working to reduce the use of a dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,’ Chang-yong told reporters in Seoul.

Earlier this month, South Korea’s Democratic Party proposed the Digital Asset Basic Act, which aims to establish a regulatory framework to enable local companies to issue won-denominated stablecoins.

Parataxis to launch institutional Bitcoin treasury company

Parataxis Holdings, an affiliate of digital asset-focused investment company Parataxis Capital Management, announced Friday that it has entered a definitive agreement to acquire a controlling interest in biotech company Bridge Biotherapeutics (KOSDAQ:288330) for an investment of 25 billion South Korean won, roughly US$18.5 million.

Following the closing of the deal, Parataxis will become Parataxis Korea and be repurposed as a treasury vehicle for institutional Bitcoin exposure, joining a growing list of companies holding Bitcoin on their balance sheet.

“Inspired by the growing interest in BTC treasury strategies seen in companies like Strategy in the US and Metaplanet in Japan, we believe institutional interest in this space is increasing globally,” said Andrew Kim, a partner at Parataxis Capital. “We see South Korea as an important market in the evolution of BTC adoption.”

“We are incredibly excited to create the first BTC treasury company in South Korea backed by an institutional-grade platform. Given the strategic nature of BTC on the global stage and its finite supply, we believe that building and growing a company like Parataxis Korea and accumulating a BTC treasury will benefit our shareholders as well as the country over the long run,” echoed founder Edward Chin.

Kraken introduces Bitcoin staking with Babylon partnership

Kraken, a leading cryptocurrency exchange, made a landmark announcement on Thursday (June 19), revealing a strategic partnership with Bitcoin staking protocol Babylon to introduce a staking product that allows Kraken users to earn interest on their Bitcoin holdings without the need for bridging, wrapping or lending.

These traditional methods, while enabling some forms of yield generation, can introduce additional risks and technical hurdles for users. Kraken and Babylon aim to provide a more streamlined, secure and accessible way for Bitcoin holders to generate passive income. The interest earned through this new product will come in the form of BABY tokens, the native cryptocurrency of the Babylon protocol.

Arizona advances bill to create state Bitcoin reserve

Arizona is one step closer to becoming the second US state with an official Bitcoin reserve, after its Senate narrowly passed House Bill 2324. The bill allows the state to hold abandoned digital assets as unclaimed property and establishes a Bitcoin and digital assets reserve fund for those holdings. The news comes on the heels of House Bill 2749, which was signed into law in April and amended Arizona’s forfeiture laws to recognize digital assets.

HB2324 will now return to the House for final approval before heading to the governor’s desk. Earlier efforts to invest seized funds directly into BTC were vetoed by Governor Katie Hobbs, who cited concerns over crypto’s volatility.

If passed, Arizona would join New Hampshire in formalizing a state-level Bitcoin reserve.

Similar legislation is pending in Texas.

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.

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