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Crypto Market Recap: Bitcoin Rebounds After Drop Below US$100,000, OKX Mulls IPO

Investing 6 Mins Read

Here’s a quick recap of the crypto landscape for Monday (June 23) 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$102,876, an increase of 4.2 percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$100,177 and a high of US$103,154 as the market opened.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Crypto markets are bracing for continued short-term volatility, heavily influenced by macro conditions and geopolitical developments, particularly the US-Iran situation. Traders are warning of a potential drop to US$95,000, with some even anticipating US$92,000, as only 3 percent of newer Bitcoin investors are currently profitable.

Despite immediate concerns, analysts remain constructive on Bitcoin’s long-term resilience. Growing structural demand from public entities is solidifying Bitcoin’s role as a strategic reserve. Longer-term metrics suggest 2025 could be the last bullish leg of this cycle, potentially driving Bitcoin prices north of US$200,000.

Over the weekend, Bitcoin fell below the US$100,000 mark for the first time since May following US President Donald Trump’s announcement that the US had bombed three of Iran’s main nuclear facilities.

The airstrikes, which reportedly targeted Fordow, Natanz, and Isfahan, heightened investor risk aversion, triggering over US$1 billion in liquidations across crypto markets. Derivatives data from Coinglass shows that US$915 million of long positions and US$109 million worth of shorts were wiped out.

Ethereum (ETH) closed at US$2,308.07, a 6 percent increase over the past 24 hours. Its lowest valuation on Monday was US$2,206.39, and its highest valuation was US$2,312.59, minutes before the closing bell.

Altcoin price update

  • Solana (SOL) was priced at US$139, up 8.1 percent over 24 hours and its highest valuation for Monday. SOL experienced a low of US$131.53 during the day.
  • XRP also reached its highest daily valuation at the closing bell. It traded at US$2.05 as markets wrapped, up by 5 percent in 24 hours. The cryptocurrency’s lowest valuation was US$1.97.
  • Sui (SUI) is trading at US$2.61, showing an increaseof 11.7 percent over the past 24 hours. Its lowest valuation was US$2.42, and it reached its highest valuation at the closing bell.
  • Cardano (ADA) is priced at US$0.5527, up 5.7 percent in 24 hours to its highest value. Its lowest valuation on Monday was US$0.5315.

Today’s crypto news to know

Pompliano launches US$1 billion Bitcoin treasury firm

Crypto investor Anthony Pompliano has unveiled a new Bitcoin treasury company, ProCap Financial, via a merger with Columbus Circle Capital I, a special purpose acquisition company.

The venture will hold up to US$1 billion in Bitcoin, and aims to follow in the footsteps of Michael Saylor’s Strategy (NASDAQ:MSTR), a software firm turned crypto juggernaut.

ProCap has already raised US$500 million in equity and secured a US$250 million convertible note in what Pompliano has called the largest-ever raise for a treasury-focused crypto firm.

Unlike traditional holdings strategies, ProCap intends to actively generate revenue from its Bitcoin through lending, derivatives and financial services.

Metaplanet buys US$117 million worth of Bitcoin

Tokyo-based Metaplanet (TSE:3350,OTCQX:MTPLF) has added 1,111 BTC to its reserves, spending roughly US$117 million during a weekend dip sparked by US-Iran tensions.

The firm purchased the Bitcoin at an average price of US$105,681 per coin, increasing its total holdings to 11,111 BTC valued at over US$1.1 billion. Metaplanet has embraced a bold Bitcoin-first treasury approach, positioning itself as Asia’s Strategy equivalent in the corporate crypto playbook.

OKX considers US IPO

Cryptocurrency exchange OKX is reportedly considering an initial public offering (IPO) in the US, according to an interview the Information conducted with an executive from the firm on Sunday (June 22).

“We will absolutely consider an IPO in the future,” Haider Rafique, chief marketing officer, told the outlet, without providing a potential launch date. “If we go public, it would likely be in the U.S.”

The exchange resumed operations in the US in April after the US Department of Justice found that it had actively pursued US customers without the required license. OKX pleaded guilty to one count of operating an unlicensed money transmitting business in February and agreed to pay over US$500 million in penalties.

Sequans plans Bitcoin treasury raise

Sequans Communications (NYSE:SQNS), an IoT semiconductor developer, is planning a US$384 million capital raise for a strategic Bitcoin treasury. This move is one of the latest in a growing trend of companies using Bitcoin as a reserve asset, which crypto analyst Adam Back has dubbed the “new ALT SZN for speculators.’

The company issued a press release announcing the endeavor on Monday.

The raise includes US$195 million in equity and US$189 million in convertible debentures. The company is also partnering with Swan Bitcoin for its Bitcoin treasury management. CEO Georges Karam said this reflects “strong conviction in bitcoin as a premier asset and a compelling long-term investment.”

Fiserv to roll out Stablecoin platform for 3,000 US banks

Payments giant Fiserv (NYSE:FISV) is entering the stablecoin market with FIUSD, a new digital dollar offering aimed at thousands of main street banks. The platform will allow Fiserv’s banking clients — estimated at 3,000 institutions — to launch their own branded stablecoins or integrate FIUSD into their operations.

Built on top of Fiserv’s existing payments infrastructure, the platform will be interoperable with major blockchains and other stablecoins, including Circle’s (NYSE:CRCL) USDC and Paxos.

The platform is set to go live by the end of the year.

Canaan completes US pilot production, exits AI business

In a statement sent to Cointelegraph on Monday morning, a representative from Canaan (NASDAQ:CAN), a tech firm primarily known for designing and producing application-specific integrated circuits (ASICs) for Bitcoin mining, said it “has successfully completed a pilot production run in the US.” Canaan also announced the discontinuation of its artificial intelligence semiconductor business in what it said is “a strategic realignment aimed at sharpening its focus.”

“I believe that doubling down on our core strengths in crypto infrastructure and Bitcoin mining is the most strategic path forward for Canaan,” said Nangeng Zhang, chairman and CEO of Canaan.

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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Silver Crown Royalties Announces Closing of First Tranche of its Non-Brokered Private Placement

Investing 6 Mins Read

(TheNewswire)

TORONTO, ON TheNewswire – June 24, 2025 –Silver Crown Royalties Inc. (‘ Silver Crown ‘, ‘ SCRi ‘, the ‘ Corporation ‘, or the ‘ Company ‘) (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce that the Company has successfully closed the first tranche (‘ First Tranche ‘) of its non-brokered offering of units of the Company (‘ Units ‘) for gross proceeds of up to $2,000,000 that was previously announced on May 20, 2025 (the ‘ Offering ‘). The Company issued 102,838 Units at a price of C$6.50 per Unit pursuant to the First Tranche for gross proceeds of approximately C$668,447.

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 date hereof.

The proceeds from the First 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.

The Company is also pleased to announce it is extending the closing of an additional tranche of the Offering to July 11, 2025.

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, the proceeds from the First 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. 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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Questcorp Mining Announces Commencement of Phase 1 Work at the La Union Gold Project

Investing 6 Mins Read

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce the commencement of the first phase work program at its La Union carbonate replacement deposit (CRD) project, located in Sonora, Mexico. Questcorp is earning a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.

The initial stages of phase one will concentrate on finalizing the location of drill targets and drill pads for the upcoming drill program. Field activities are underway and include:

  • Establishment of 5 to 6 one kilometre picket lines for IP surveying which commenced on Monday. The IP lines are being run over the heart of some of the past mining areas which continue to be known expansive target areas to help evaluate further potential, possible most favorable zones and assist to model the larger context for the upcoming drill holes. This work further de-risks the up-coming first pass drill holes.
  • Sampling of limestone and dolomite host rocks across the mineralization from country rock through to the heart of mineralization for Black Light analysis and alteration vector modeling. The objective is to use the changes or variance in fluorescence to map alteration patterns to vector into the heart of the manto and chimney plumbing systems.
  • Geological mapping of drill collar sites and section lines particularly along the surface of the IP lines to help develop the most accurate interpretations of the IP data for drill hole planning.
  • Rock and soil sampling of peripheral areas to identify additional targets including study of the stratigraphy for understanding and context with the many mineralization showings on the large district holding.

‘We are extremely pleased to initiate the fully funded first phase work program at La Union,’ commented Questcorp President & CEO Saf Dhillon. ‘We are first concentrating on de-risking the upcoming 1,500 metre drill program scheduled for mid to late Q3 through alteration mapping and IP geophysics,’ he continued. ‘Under the technical expertise of John-Mark Staude and the Riverside team we are confident we are maximizing every exploration dollar being invested at La Union,’ he concluded.

Riverside Resources Inc. President & CEO John-Mark Staude stated ‘The work program is going well, I have been in the field this past week with the exploration team and pleased to see the safe, high quality focus of good work and diving into careful review of the planned drill sites and now the IP program is underway. It is great to work with Saf, Tim and the entire Questcorp organization.’

The La Union Project

The La Union Project is a carbonate replacement deposit (‘CRD‘) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.

Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.

Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.

The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Questcorp Mining Inc.

Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.

Contact Information

Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031

This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and 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 should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256556

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Allied Critical Metals Appoints Vitor Arezes as Vice President, Exploration

Investing 4 Mins Read

(TheNewswire)

Vancouver, BC June 24, 2025 TheNewswire – Allied Critical Metals Inc. (CSE: ACM | FSE: 0VJ0) (‘Allied’ or the ‘Company’), which is focused its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal, is pleased to announce the appointment of Mr. Vítor Arezes as Vice President, Exploration.

Mr. Arezes brings over 14 years of experience in geological exploration, project development, mining operations, and project evaluation across Portugal and internationally. His distinguished career includes senior technical and leadership roles in exploration and mining companies, with a strong focus on tungsten, tin, gold and other critical minerals and precious metals. He has led multi-disciplinary teams in the advancement of historical and greenfield projects, particularly within Portugal’s mineral-rich regions.

‘We are proud to welcome Vítor to the Allied team at a pivotal time in our development,’ said CEO Roy Bonnell. ‘His deep technical knowledge, regional expertise, and proven track record will be invaluable as we advance our Borralha and Vila Verde tungsten projects toward production.’

Mr. Arezes is a registered professional geologist as a Professional Member of the Institute of Materials, Minerals and Mining (MIMMM #703197) and has collaborated with numerous governmental and academic bodies in geoscience and mineral development within Portugal and internationally. He also holds an BSc in Geology from University of Minho in Portugal.

This appointment reinforces Allied’s commitment to assembling a best-in-class leadership and operations team as it aims to become a premier Western supplier of tungsten—one of the world’s most strategic critical metals.

About Allied Critical Metals Inc.

Allied Critical Metals Inc. (ACM:CSE | FSE:0VJ0) is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha Tungsten Project and the Vila Verde Tungsten Project in northern Portugal. Tungsten has been designated a critical metal by the United States and other western countries, as they are aggressively seeking friendly sources of this unique metal. Currently, China, Russia and North Korea represent approximately 86% of the total global supply and reserves. The tungsten market is estimated to be valued at approximately USD $5 to $6 billion and it is used in a variety of industries such as defense, automotive, manufacturing, electronics, and energy.

Please visit our website at www.alliedcritical.com .

Also visit us at:
LinkedIn:
X: https://x.com/@alliedcritical/
Instagram: https://www.instagram.com/alliedcriticalmetals/

On behalf of the Board of Directors

‘Roy Bonnell’

Roy Bonnell
CEO and Director

For further information or investor relations inquiries, please contact:

Dave Burwell
Vice President, Corporate Development
Email: daveb@alliedcritical.com
Tel: 403-410-7907
Toll Free: 1-888-221-0915

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains ‘forward-looking statements’, including with respect to the use of proceeds. Wherever possible, words such as ‘may’, ‘would’, ‘could’, ‘should’, ‘will’, ‘anticipate’, ‘believe’, ‘plan’, ‘expect’, ‘intend’, ‘estimate’, ‘potential for’ and similar expressions have been used to identify these forward-looking statements. These forward-looking statements reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects and opportunities and involve significant known and unknown risks, uncertainties and assumptions, including, without limitation, those listed in the Company’s Listing Statement and other filings made by the Company with the Canadian securities regulatory authorities (which may be viewed under the Company’s profile at www.sedarplus.ca ). Examples of forward-looking statements in this news release include, but are not limited to, statements regarding the proposed timeline and use of proceeds for exploration and development of the Company’s mineral projects as described in the Company’s Listing Statement, news releases, and corporate presentations. Should one or more of these risks or uncertainties materialize or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Listing Statement dated April 23, 2025 and news release dated May 16, 2025, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors. The Company disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this press release and has neither approved now disapproved the contents of this press release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Commanders QB ‘excited’ to have new teammate juice up his stats

Sport 3 Mins Read

Washington Commanders quarterback Jayden Daniels had one of the greatest rookie seasons by a quarterback in recent memory, and his team’s addition of wideout Deebo Samuel might make his 2025 stats look even better.

During an appearance as a speaker at Fanatics Fest over the weekend, Daniels expressed his excitement to join forces with the speedy receiver, whom the Commanders traded for in March. If things work out as the second-year quarterback hopes, he will get the double benefit of more passing yards for less effort.

‘I’m excited to throw him a little screen and hopefully on the stat sheet it says a touchdown for 80 yards and I didn’t have to do any of the work,’ Daniels joked in a video posted by The Sports Place.

There is some truth in Daniels’ joke.

In 2024, Samuel averaged 8.3 yards after catch per reception – the third-highest average of any wide receiver in the NFL. Only Denver Broncos wideout Marvin Mims and the Detroit Lions’ Jameson Williams were better after the catch, according to Pro Football Reference.

That’s a skill set the Commanders will be happy to have in their passing offense to complement that of lead receiver Terry McLaurin.

McLaurin earned his second career Pro Bowl nod in 2024 as he continued to find success over the middle and in deep parts of the field. According to Pro Football Focus, his average depth of target was 13.9 yards – 14th-highest in the NFL – but his yards after catch average was 3.6 – 59th in the league.

Samuel, meanwhile, had an average depth of target of 6.9 yards per PFF (89th) but averaged his aforementioned 8.3 yards after catch per reception to make up for it.

He joins the Commanders with hope on both sides that a change of scenery will help enable him to return to his 2021 levels of production, when he caught 77 passes for 1,405 yards – leading the league with his 18.2 yards per reception. In the three years since, Samuel has not surpassed 900 receiving yards.

In 2024, Daniels threw for 3,568 yards on a 69% completion rate with 25 touchdowns and nine interceptions. He led Washington to a 12-5 record during the regular season and took them to the NFC championship game, where they lost to the Philadelphia Eagles, the eventual Super Bowl champions.

Samuel finished the 2024 season with 51 catches for 670 yards and three touchdowns in the air. He also had 42 carries for 136 rushing yards and an additional touchdown on the ground.

All the NFL news on and off the field. Sign up for USA TODAY’s 4th and Monday newsletter. Check out the latest edition: The countdown to training camp is on.

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Clippers star James Harden sued for negligence in assault case

Sport 2 Mins Read

The lawsuit, obtained by USA TODAY Sports, was filed in Harris County, Texas. The plaintiff, Marisa Watley, demands a jury trial and economic, compensatory, and punitive damages.

According to the 18-page filing, Watley says she attended the New Year’s Eve party with two of her friends and that she was sexually assaulted while unconscious by Justice Armani Blackburn, who is Harden’s nephew.

Watley says her friends were later removed by Harden’s security, even though she was still inside the residence. The friends then contacted Watley’s sister, who in turn contacted Harden’s sister, who is the mother of Blackburn. The lawsuit says the sister submitted a photo of Watley to Harden’s security, who said that the woman inside was not Marisa Watley, despite the lawsuit alleging that Watley was indeed in the mansion at that time.

The negligence claim against Harden stems from the complaint alleging the conduct of Harden’s in-home security, which they say failed to act responsibly in response to outside calls for help and could have prevented the sexual assault. The lawsuit also says that Harden is ‘vicariously liable for the actions of his guards and their corporate employer,’ who were also named as defendants in the case.

“Since New Year’s Day, when I reported the rape by Mr. Blackburn to the police, I have remained puzzled by how Mr. Harden’s security behaved that day—it is painful to imagine that this all could have been stopped in time. I hope this complaint pushes security employees generally to act more responsibly when women are in danger,’ Watley said in a statement.

Harden, 35, a 11-time NBA All-Star and six-time first-team All-NBA selection, just completed his second season with the Clippers, averaging 22.8 points, 8.7 assists, and 5.8 rebounds per game.

“Ms. Watley has shown great strength and courage in coming forward to hold Mr. Blackburn and Mr. Harden accountable for what happened to her on New Year’s Day 2025 in Mr. Harden’s mansion.  This rape was immediately reported to the police, and we will bring Mr. Blackburn and Mr. Harden to justice through the civil justice system,’ Watley attorneys, Michael J. Willemin, John S. Crain, and Jay Ellwanger and Kaylyn Betts said in a statement.

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Extreme heat at Club World Cup: Latest weather at tournament venues

Sport 3 Mins Read

The FIFA Club World Cup was supposed to be a bright light shining on the most popular sport in the world, giving Americans a chance to see the best footballers on Earth on American soil. Well, the bright light part has been true at least. Unfortunately, it’s also a burning light.

Though the Club World Cup has yet to reach the knockout stages, thunderstorms delayed several group stage matches last week, and now blistering heat is taking its toll on the tournament as well, with extreme temperatures causing major concerns for several clubs involved in the tournament.

On Saturday, June 21, Borussia Dortmund manager Niko Kovac told the media that he was ‘sweating like (he’d) just come out of a sauna’ following his team’s victory on TQL Field in Cincinnati. The temperature reached 89.6 degrees Fahrenheit, or 32 degrees Celsius. It was so hot that Dortmund’s subs weren’t even on the field during the game.

But it’s not just TQL that’s feeling the heat. The American Northeast in general has offered difficult conditions for many teams.

The heat wave is supposed to ramp up throughout this week as well. Clearly, the weather concerns that many fans had at the start of the tournament are starting to come to fruition.

Which venues are experiencing issues?

According to CBS News, the heat wave is strongest in the American northeast with some states recording record-high temperatures. Areas in the mid-Atlantic like Maryland and Virginia are also under extreme heat warnings. Meanwhile, states in the Midwest like Illinois, Michigan, and Ohio are facing blazing heat as well.

While other areas further south like Atlanta and Nashville are also suffering the affects of the heat wave, those cities are more used to temperatures in the 90s during the summer.

Here are the Club World Cup stadiums affected most (with the forecast for Tuesday, June 24 according to The Weather Channel)

  • TQL Stadium in Cincinnati – Highs in the mid 90s
  • GEODIS Park in Nashville – Highs in the upper 90s
  • Mercedes-Benz Stadium in Atlanta – Highs in the mid to upper 90s
  • MetLife Stadium in East Rutherford, New Jersey – High of 102 degrees
  • Lincoln Financial Field in Philadelphia – High of 101 degrees
  • Audi Field in Washington, D.C. – High of 101 degrees

The heat wave is expected to persist until the middle of next week in some areas, meaning the Round of 16 knockout matches will likely suffer from similar heat issues.

Will these same problems occur when the U.S. hosts the World Cup?

These heat issues have raised concerns for next year’s big event as well. The United States will host the 2026 World Cup, with the first games kicking off on June 11. Similar heat issues would create a terrible atmosphere for arguably the world’s biggest sporting event.

The New York Times reports that it is highly likely similar heat waves occur when the World Cup begins. Given that there were already struggles with heat during the 2024 Copa America, officials are right to be concerned with how this will affect players and fans. It will only be heightened by the fact that most of the games are scheduled for afternoon start times.

When do the knockout stages begin for the Club World Cup?

The knockout stage begins on Saturday, June 28, with the winners of Group A and Group C taking on the runner-ups in Groups B and D, respectively. Round of 16 matchups will continue through Tuesday, July 1, which could be around the time that the heat starts dying down.

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Pacers determine extent of Tyrese Haliburton’s injury

Sport 3 Mins Read

The worst fears for the Indiana Pacers have come true.

Star point guard Tyrese Haliburton suffered a torn right Achilles tendon in the first quarter of Game 7 of the NBA Finals, the team announced on Monday, June 23. It said surgery was scheduled for later in the day at the Hospital for Special Surgery in New York.

ESPN was first to report the extent of Haliburton ‘s injury.

That means the Pacers must now prepare to be without Haliburton for an extended period of time, possibly even the entire 2025-26 season.

This season, Haliburton averaged 18.6 points, 3.5 rebounds and 9.2 assists – third-most in the NBA. He also led the league in assist-to-turnover ratio (5.61).

He generated one of the most clutch stretches of play in postseason history, hitting a game-winning or game-tying shot in each of Indiana’s four postseason series.

All of which now complicates Indiana’s quest to return to the NBA Finals.

It became apparent immediately after Haliburton sustained the injury that it could be serious. It was a non-contact injury, and after Haliburton fell to the court, his emotional reaction – Haliburton slapped the floor and appeared to shake his head and repeatedly shout ‘no’ – hinted at its severity.

Haliburton scored nine points in just 7:05 of play prior to his injury.

After getting medical attention for several moments, staffers helped Haliburton off the floor, with him not putting any weight on the injured leg. He went into the locker room with a towel draped over his head.

After the game, as players headed back into the Pacers locker room, Haliburton stood outside the room on crutches, greeting his teammates.

‘That’s who he is as a person, a teammate,’ backup point guard T.J. McConnell said after the game. ‘He put his ego aside constantly. He could have been in the locker room feeling sorry for himself after something like that happened, but he wasn’t. He was up greeting us. A lot of us were hurting from the loss and he was up there consoling us. That’s who Tyrese Haliburton is. He’s just the greatest, man.’

Haliburton had been dealing with a right calf strain that he sustained during Game 5, Monday, June 16. He had been listed as questionable heading into each of Games 6 and 7, but he managed to start each.

(This story has been updated with new information.)

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Sport

NASCAR reveals seeds, matchups for In-Season Challenge: Key information

Sport 6 Mins Read

The NASCAR Cup Series is set to debut its inaugural In-Season Challenge, in which 32 drivers are seeded and bracketed into a tournament, like March Madness or a tennis draw.

The In-Season Challenge, which will run for five weeks, is actually a series of individual races within five larger races. The drivers will not only be competing to win the weekly race as they normally would, but they will also be facing off in head-to-head matchups with the goal of finishing better than their opponent in the race and advancing to the next round.

The drivers were seeded based on their finishes at three previous races – at Michigan, Mexico City and Pocono – with the bracket placing the top two seeds on opposite halves of the draw. That means if the tournament holds to form, the No. 1 and No. 2 seeds would not meet up until the final, presuming they both advanced through each round.

The winner of the inaugural In-Season Challenge will take home $1 million.

The first round begins Saturday, June 28 at Echo Park Speedway (formerly Atlanta Motor Speedway) and features 16 head-to-head matchups among the 32 drivers. Beat your head-to-head opponent and you advance to the second round. Sixteen drivers will be eliminated after the first round.

Does that sound complicated? If so, we have you covered with the list of seeds, how the rounds work, every first-round matchup and where and when each of the five In-Season Challenge races will take place.

NASCAR In-Season Challenge seedings

  1. Denny Hamlin, No. 11 Joe Gibbs Racing Toyota
  2. Chase Briscoe, No. 19 Joe Gibbs Racing Toyota
  3. Chris Buescher, No. 17 RFK Racing Ford
  4. Christopher Bell, No. 20 Joe Gibbs Racing Toyota
  5. Chase Elliott, No. 9 Hendrick Motorsports Chevrolet
  6. Ty Gibbs, No. 54 Joe Gibbs Racing Toyota
  7. Ryan Blaney, No. 12 Team Penske Ford
  8. Alex Bowman, No. 48 Hendrick Motorsports Chevrolet
  9. Bubba Wallace, No. 23 23XI Racing Toyota
  10. Kyle Larson, No. 5 Hendrick Motorsports Chevrolet
  11. Michael McDowell, No. 71 Spire Motorsports Chevrolet
  12. John Hunter Nemechek, No. 42 Legacy Motor Club Toyota
  13. Ross Chastain, No. 1 Trackhouse Racing Chevrolet
  14. Zane Smith, No. 38 Front Row Motorsports Ford
  15. Ryan Preece, No. 60 RFK Racing Ford
  16. Kyle Busch, No. 8 Richard Childress Racing Chevrolet
  17. Brad Keselowski, No. 6 RFK Racing Ford
  18. William Byron, No. 24 Hendrick Motorsports Chevrolet
  19. Austin Cindric, No. 2 Team Penske Ford
  20. Erik Jones, No. 43 Legacy Motor Club Toyota
  21. Josh Berry, No. 21 Wood Brothers Racing Ford
  22. AJ Allmendinger, No. 16 Kaulig Racing Chevrolet
  23. Tyler Reddick, No. 45 23XI Racing Toyota
  24. Daniel Suarez, No. 99 Trackhouse Racing Chevrolet
  25. Joey Logano, No. 22 Team Penske Ford
  26. Carson Hocevar, No. 77 Spire Motorsports Chevrolet
  27. Justin Haley, No. 7 Spire Motorsports Chevrolet
  28. Austin Dillon, No. 3 Richard Childress Racing Chevrolet
  29. Ricky Stenhouse Jr., No. 47 Hyak Motorsports Chevrolet
  30. Todd Gilliland, No. 34 Front Row Motorsports Ford
  31. Noah Gragson, No. 4 Front Row Motorsports Ford
  32. Ty Dillon, No. 10 Kaulig Racing Chevrolet

NASCAR In-Season Challenge matchups, rounds

The NASCAR In-Season Challenge puts the 32 drivers in a bracket, which begins with 16 first-round matchups.

The No. 1 seed faces the No. 32 seed in the first round, the No. 2 seed takes on the No. 31 seed, No. 3 matches up with the. No. 30 seed, etc. The losers of the head-to-head matchups will be eliminated, and the 16 winners will advance to the second round, where the winner of the No. 1 vs. No. 32 matchup will face the winner of the No. 16 vs. No. 17 matchup, the winner of the No. 2 vs. No. 31 matchup takes on the winner of the No. 15 vs. No. 18 matchup, etc.

Like March Madness, the tournament will move from a Round of 32 to a Sweet 16 to an Elite Eight to a Final Four and finally a championship race.

  • First round: 32 drivers in 16 head-to-head matchups; 16 drivers eliminated at end of race.
  • Second round: 16 drivers in eight head-to-head matchups; eight drivers eliminated at end of race.
  • Third round: Eight drivers in four head-to-head matchups; four drivers eliminated at end of race.
  • Fourth round: Four drivers in two head-to-head matchups; two drivers eliminated at end of race.
  • Fifth round: Two drivers in a head-to-head matchup; winner wins the in-season challenge.

TOURNAMENT: Full visual NASCAR In-Season Challenge bracket

NASCAR In-Season Challenge first-round pairings

Here are the pairings for the first-round race at Echo Park Speedway (formerly Atlanta Motor Speedway) on Saturday, June 28. The winner of each head-to-head matchup advances to the next round.

Top half of draw

  • No. 1 Denny Hamlin vs. No. 32 Ty Dillon
  • No. 16 Kyle Busch vs. No. 17 Brad Keselowski
  • No. 8 Alex Bowman vs. No. 25 Joey Logano
  • No. 9 Bubba Wallace vs. No. 24 Daniel Suarez
  • No. 12 John Hunter Nemechek vs. No. 21 Josh Berry
  • No. 5 Chase Elliott vs. No. 28 Austin Dillon
  • No. 13 Ross Chastain vs. No. 20 Erik Jones
  • No. 4 Christopher Bell vs. No. 29 Ricky Stenhouse Jr.

Bottom half of draw

  • No. 2 Chase Briscoe vs. No. 31 Noah Gragson
  • No. 15 Ryan Preece vs. No. 18 William Byron
  • No. 7 Ryan Blaney vs. No. 26 Carson Hocevar
  • No. 10 Kyle Larson vs. No. 23 Tyler Reddick
  • No. 11 Michael McDowell vs. No. 22 AJ Allmendinger
  • No. 6 Ty Gibbs vs. No. 27 Justin Haley
  • No. 14 Zane Smith vs. No. 19 Austin Cindric
  • No. 3 Chris Buescher vs. No. 30 Todd Gilliland

NASCAR In-Season Challenge races

All times Eastern

Round 1 — 32 drivers

  • Echo Park Speedway (formerly Atlanta Motor Speedway)
  • Saturday, June 28 | 7 p.m. | TNT, truTV altcast

Round 2 — 16 drivers

  • Chicago street race
  • Sunday, July 6 | 2 p.m. | TNT, truTV altcast

Round 3 — 8 drivers

  • Sonoma Raceway
  • Sunday, July 13 | 3:30 p.m. | TNT, truTV altcast

Round 4 — 4 drivers

  • Dover Motor Speedway
  • Sunday, July 20 | 2 p.m. | TNT, truTV altcast

Round 5 championship — 2 drivers

  • Indianapolis Motor Speedway
  • Sunday, July 27 | 2 p.m. | TNT, truTV altcast

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Editor's pick

Walmart to pay $10 million to settle lawsuit over money transfer fraud

Editor's pick 2 Mins Read

Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars.

The settlement was filed on Friday in Chicago federal court, and requires approval by U.S. District Judge Manish Shah.

Walmart also agreed not to process money transfers it suspects are fraudulent, or help sellers and telemarketers it believes are using its services to commit fraud.

“Electronic money transfers are one of the most common ways that scammers tell consumers to send them money, because once it’s sent, it’s gone for good,” said Christopher Mufarrige, director of the FTC consumer protection bureau. “Companies that provide these services must train their employees to comply with the law and work to protect consumers.”

The Arkansas-based retailer did not admit or deny wrongdoing in agreeing to settle. Walmart did not immediately respond to requests for comment.

In its June 2022 complaint, the FTC accused Walmart of turning a blind eye to fraudsters who used its money transfer services to cash out at its stores.

Walmart acts as an agent for money transfers by companies such as MoneyGram and Western Union. Money can be hard to trace once delivered.

The FTC said fraudsters used many schemes that included impersonating Internal Revenue Service agents, impersonating family members who needed money from grandparents to avoid jail, and telling victims they won lotteries or sweepstakes but owed fees to collect their winnings.

Shah dismissed part of the FTC case last July but let the regulator pursue the remainder. Walmart appealed from that decision. Friday’s settlement would end the appeal.

This post appeared first on NBC NEWS

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