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For the first time in history, the majority of humans live in cities — spaces often defined by concrete, glass and a disconnect from the natural world. Access to nature is no longer guaranteed.

In 2020, Miles founded Nature Is a Human Right, a campaign advocating for daily access to green spaces to be recognized in the Universal Declaration of Human Rights. Frustrated by the slow pace of institutional change, Miles says she “lost faith in the top-down process.” So she took matters into her own hands. Her weapon? Not protest banners or petitions, but seeds and shovels.

She became a so-called guerrilla gardener — “Grassroots planting in a public place, with a purpose,” Miles explains. “Think of it like graffiti, but with wildflowers instead of spray paint.” This form of urban activism involves transforming neglected or overlooked spaces — cracks in pavements, roadside verges, abandoned lots — into mini-oases for people, pollinators and biodiversity.

What began during the Covid pandemic — when parks were shut and access to green space became scarce — grew into a weekly ritual. Miles and her neighbors would meet on Sunday mornings, armed with bulbs and trowels, planting in overlooked corners of the London Borough of Hackney.

Guerrilla gardening

In the UK, guerrilla gardening occupies a legal gray area: while planting on public land without permission is not technically lawful, authorities often turn a blind eye — so long as it doesn’t cause damage, obstruction or a public nuisance.

According to the Royal Horticultural Society, guerrilla gardeners should ensure their planting doesn’t inconvenience others and be careful to not restrict public access or create trip hazards. It’s also important that anything planted is removable, and that the roots won’t cause structural damage to sidewalks and buildings.

Guerrilla gardening dates back to the 1970s, when the Green Guerrillas, founded by Liz Christy in the US, transformed vacant lots into community gardens. The movement has since spread worldwide, from Ron Finley, the “Gangsta Gardener” in Los Angeles, to Ta Mère Nature in France, and the Ujamaa Guerrilla Gardening Collective in South Africa.

Miles has brought the underground movement into the spotlight on TikTok and other social media. Her upbeat videos demystify the process, showing everything from creating seed bombs to planting moss graffiti — a form of street art where living moss is used to create patterns or words on walls. “I wasn’t a gardener. I was learning as I went along,” she admits. “But I just wanted the streets to be greener.”

As Miles’ seeds grew, so did her online following. “Young people today are very awake to issues like climate change, inequality, and mental health,” Miles says. “Guerrilla gardening intersects with all of that. It’s something you can do with your own two hands and see the impact immediately.”

“A lot of activism can feel intangible,” she adds. “With guerrilla gardening, you see the results. It’s empowering.”

And it’s more than just symbolic: “It’s been shown that having access to green spaces is as vital to your mental and physical health as regular exercise and a healthy diet,” says Miles. “We need it around us. We need the phytoncides (compounds plants release into the air) that plants produce. The experience of having plants around us calms us.”

A study of 20,000 participants by the UK’s University of Exeter found that people who spent at least 120 minutes a week in green spaces reported significantly better physical health and psychological well-being than those who didn’t. For young children, access to green spaces has been linked to reduced hyperactivity and improved attention spans. Communities can benefit too: a US study showed that greening vacant lots can lead to lower crime rates.

Miles’ message is simple: anyone can get involved. “It’s spring now,” she continues. “Find native wildflowers, scatter them when it’s raining then you won’t even have to water them.” For those who want to go further, Miles has written a book on the subject and teaches a free four-week online course through the nonprofit Earthed, which has attracted over 300 participants. She advises gardening as a group — community is key.

Her vision is bold but refreshingly practical: “Why aren’t all our sidewalks lined with hedges?” says Miles. “Our buildings could be covered in plants. Our rooftops and bus stops could be buzzing with flowers. It’s a no-brainer.”

This post appeared first on cnn.com

The S&P 500 ($SPX) wrapped up Tuesday just below its intraday midpoint and posted one of the narrowest ranges we’ve seen in the past two months. That’s a clear sign traders are reluctant to take major bets ahead of Wednesday’s 2:00 PM ET Federal Open Market Committee (FOMC) decision.

And honestly, this caution makes sense. If we look back at how the stock market has reacted following the first two FOMC meetings of 2025, there has been a mix of hesitation and sharp moves.

Below is an updated chart marking each FOMC date since 2024 alongside the S&P 500. After the late January meeting, the S&P 500 zig-zagged to marginal new highs over the next two weeks before the first of two sharp down legs unfolded.

FIGURE 1. FOMC DATES SINCE 2024.

Coincidence or not, the S&P 500 is trading at nearly the same price level now, six weeks later, as it was back then. So, how close are today’s prices compared to the close on March 18, the day before the last Fed meeting?

This close (see chart below):

FIGURE 2. THE S&P 500 IS TRADING VERY CLOSE TO LAST FOMC MEETING LEVELS.

The difference is that the index has been rallying for four weeks, starting from the pivot low on April 7, a month ago today. In March, the S&P 500 was trying to bounce after topping four weeks earlier on February 19. That bounce continued for a few more days before dominant down-trending price action took over.

But over the last few weeks, the dominant trend is definitely higher. So the big question now is: can this mini uptrend resume after this pause?

A Short-Term Setup to Watch

A few days ago, the 14-period relative strength index (RSI) on the two-hour chart grazed the 70-overbought level for the first time since late January (see chart below). Yes, it took a nearly 18% rally in a very short time frame for it to finally happen, but remember, the indicator was coming off its lowest level since the COVID lows. Modest 3–5% pops were enough to trigger overbought readings for much of 2024. Not this time.

As you know, overbought conditions never persist, especially in very short timeframes like this. However, if this rally has anything left in the tank, we’ll see the indicator hit overbought again soon. That may not happen in the next day or two, but if the market reacts negatively to today’s news, but a bid returns soon after, it could keep some of the bullish patterns we’ve been tracking in play. That’s just one scenario, but one we’ll be closely watching.

FIGURE 3. TWO-HOUR CHART OF THE S&P 500.

Bullish Patterns Still Intact

There are two bullish pattern breakouts still in play on the S&P 500 chart:

  • Inverse Head-and-Shoulders
  • Cup With Handle

And barring a very extreme and negative reaction, the patterns will stay alive today, as well.

FIGURE 4. INVERSE HEAD-AND-SHOULDERS AND CUP WITH HANDLE PATTERNS.

FIGURE 5. INVERSE HEAD-AND-SHOULDERS PATTERN IN THE S&P 500.

FIGURE 6. CUP WITH HANDLE PATTERN IN THE S&P 500.

A Bright Spot: Utilities

The Utilities Select Sector SPDR Fund (XLU) was the first sector ETF (and one of the first of all the ETFs we track) to notch a new 50-day high, which it hit on Tuesday. On the weekly chart, it’s clear the ETF is now trying to leverage a multi-month bottoming formation.

This is especially notable because the formation has developed above two bullish pattern breakouts from 2024. Ironically, XLU’s first major breakout of 2024 happened around this time last year (late April), which set the stage for an extremely strong run, at least through late November.

The current snapback is important to watch, given how well XLU has recently capitalized on bullish breakouts. Some upside follow-through from here would also put the former highs back in the crosshairs.

FIGURE 7. WEEKLY CHART OF UTILITIES SELECT SECTOR SPDR (XLU).

Invesco Solar (TAN) Still Has Work to Do

Invesco Solar ETF (TAN) has been rallying since the April lows, much like nearly every ETF we track. On the daily chart, it’s been trying to leverage a bullish cup and handle pattern, a formation we’ve also seen emerge in many other areas. It’s coming off an extremely oversold condition, with its 14-week RSI undercutting 30 for just the third time since 2021. So TAN could see some additional upside from here.

But the ETF will need to do much more to materially improve its long-term technical picture. Nearly every rally has stalled near the key weekly moving averages, all of which continue to slope lower. Selling strength in TAN has been a highly effective strategy since it peaked in early 2021.

FIGURE 8. WEEKLY CHART OF INVESCO SOLAR ETF (TAN).

Bitcoin Holding Up

Bitcoin has held its breakout from two weeks ago quite well so far. The next upside target remains near 103k. Again, regardless of whether or not you follow crypto, seeing the bid continue is a bullish sign for risk appetite across different asset classes, especially equities.

Fun fact: Bitcoin topped a few weeks before the SPX, so it can be a useful leading indicator.

FIGURE 9. BITCOIN BREAKS OUT.

Ethereum Playing Catch-Up

While Ethereum’s extreme relative weakness vs. Bitcoin has continued, it too has rallied over the last few weeks. It’s now close to breaking out from a cup with handle formation. At the same time, it’s testing its now flat 50-day moving average.

The combination of a bullish breakout and a move through the 50-day moving average produced a very strong follow-through rally in November, something Ethereum will try to replicate.

FIGURE 10. ETHEREUM BREAKS ABOVE 50-DAY MOVING AVERAGE.

Final Thoughts

As we head into the Fed decision, we’re seeing a lot of cautious optimism in the charts. Key bullish patterns are still holding, sectors like Utilities are showing strength, and crypto is flashing green.

The next few sessions will be important. If we get a knee-jerk reaction to the Fed, but buyers step in quickly it could set the stage for the next leg higher in this rally.

Stay alert.



Frank Cappelleri is the founder and president of CappThesis, an independent technical analysis newsletter firm. Previously, Frank spent 25 years on Wall Street, working for Instinet, the equity arm of Nomura and Smith Barney. Frank’s various roles included being an equity sales trader, technical analyst, research sales specialist and desk strategist. Frank holds the CFA and CMT designations and is a CNBC contributor.

https://cappthesis.com

https://www.youtube.com/@cappthesis

https://twitter.com/FrankCappelleri/

https://www.linkedin.com/in/frank-cappelleri-cfa-cmt-a319483/

With all eyes and ears on this week’s Fed meeting, it’s worth taking a big step back to reflect on conditions related to momentum, breadth, and leadership.  And while the rally of the early April lows has been significant, the S&P 500 and Nasdaq 100 now face considerable resistance at the 200-day moving average.

With that backdrop in mind, here are three charts we’re watching that have not yet signaled an “all clear” for risk assets.

Our Market Trend Model Remains Medium-Term Bearish

Long-time market newsletter author Paul Montgomery used to point out that the most bullish thing the market can do is go up. The way we make this simple assessment of market trend is using our Market Trend Model.

As of last Friday’s close, our Market Trend Model shows a short-term bullish signal, given the strength off the early April low. The medium-term model, however, remains bearish, as the recent bounce is still defined as a bear market rally. If the S&P 500 can push above its own 200-day moving average, that would likely be enough to move the medium-term model to the bullish side for the first time since October 2023.

Over the years, I’ve found the Market Trend Model to be a fantastic way of separating the short-term “flickering ticks” of day-to-day market movements from the more significant shifts in sentiment from bullish to bearish. And by staying on the right side of this model, I’ve been able to capture most of the market upside, and more importantly, avoid disastrous bear phases!


Don’t miss our daily market recap show, CHART THIS with David Keller, CMT. We’ll track how these charts evolve through the course of the week, highlight key stocks on the move, and boil down the most important market themes from a technical perspective. Join us live every trading day at 5pm ET, or catch the replay on our YouTube channel!


Will Key Stocks Breakout Above the 200-Day?

While the S&P 500 and Nasdaq 100 are testing their own 200-day moving averages, many S&P 500 members are in a very similar position. At the April 2025 market low, less than 10% of the S&P 500 stocks were above their 50-day moving average. That reading has reached almost 60% this week as literally half of the S&P 500 members have regained this short-term moving average.

While the bottom panel shows the percent of stocks above the 50-day moving average, the next panel up displays the percent of S&P 500 members above their 200-day moving average. While this has also increased over the last month, it still remains below 50%.

The countertrend rally in March 2025 saw this indicator go up to 50% and then reverse lower, providing a warning sign of further lows to come. Will we see a similar stall in this indicator in May 2025? If so, that could indicate a retest of the April low. On the other hand, if both of these gauges push above 50%, then investors should brace for much further upside for the S&P 500.

Offense Needs to Dominate Defense

Leadership themes could become incredibly important, as many leading growth stocks remain in a position of technical weakness. And unless the top growth stocks go into full rally mode, it’s hard to imagine meaningful upside for the S&P 500 and Nasdaq 100. One way to consider this relationship is to chart the ratio between Consumer Discretionary and Consumer Staples.

The top panel shows the cap-weighted sector ETFs, and the bottom panel shows the same ratio using equal-weighted sector ETFs. Both of these ratios made a major peak in Q1 2025, and both of them trended lower into a mid-April low. Over the last three weeks, we’ve seen a dramatic upside reversal in these offense-defense rations, indicating a rotation from defensive to offensive positioning.

Quite simply, I don’t see the major averages pushing higher unless these ratios continue to gain ground to the upside. We have observed strength in some Consumer Staples names, from Kroger (KR) to Coca Cola (KO), but it would take charts like Amazon (AMZN) making a significant move higher to give the S&P 500 any real chance of pushing above its own 200-day moving average. This ratio moving higher would confirm that “things you want” are outperforming “things you need”, and that has bullish implications for risk assets.

Investors are facing more uncertainty than ever as we brace for the latest Fed announcement, the newest tariff headline, and mixed results in the form of economic indicators. By watching charts like these, and keeping a watchful eye on the updated Market Summary page, StockCharts users can approach these markets with confidence.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

In this video, Joe shares how to trade MACD signals using multiple timeframes, and how to spot stock market pullback setups that can help to pinpoint a great entry off a low. He then reviews sector performance to identify market leadership, covers key chart patterns, and discusses a looming bearish signal on QQQ and IWM. The video wraps with technical analysis on popular viewer-submitted stock symbols, including REAL, PSTG, and more.

The video premiered on May 7, 2025. Click this link to watch on Joe’s dedicated page.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

The stock market’s action on Wednesday was a bit like trying to pick a dinner spot with friends—lots of back and forth, but no real direction.

The market started out higher and went up and down without much of a directional bias until the Fed made its expected interest rate decision and Fed Chairman Jerome Powell’s press conference. Stock prices dipped lower, but right before the close, another headline moving event surfaced: President Trump announced the rollback of some chip-related restrictions. This news gave the market a boost into the close.

Here’s how the broader indexes closed:

  • The Dow Industrials ($INDU) finished up 0.70%.
  • The S&P 500 ($SPX) rose 0.43%.
  • The Nasdaq Composite ($COMPQ) added 0.27%.

Tech Leads, but Alphabet Takes a Hit

In terms of sector performance, Technology came out on top, followed by Consumer Discretionary and Health Care. On the flip side, Real Estate, Communication Services, and Materials were the laggards.

The main reason behind the stumble in Communication Services was Alphabet, Inc. (GOOGL), which dropped by a whopping 7.26%. Why the selloff? An Alphabet exec testified that Google was losing search traffic to AI tools.

The StockCharts’ S&P 500 MarketCarpet (below) reflects Wednesday’s price action.

FIGURE 1. STOCKCHARTS MARKETCARPETS FOR MAY 7, 2025. It was mostly green with some pockets of red.Image source: StockCharts.com. For educational purposes.

Overall, Wednesday’s performance is leaning more positive than negative, but is it enough to break through critical resistance levels?

Resistance Levels in the S&P 500

To get a clearer picture, we need to check out the daily chart of the S&P 500 ($SPX).

FIGURE 2. S&P 500 FACING A LOT OF HEADWINDS. THE 61.8% Fibonacci retracement level is a resistance level the index is struggling to break above.Chart source: StockCharts.com. For educational purposes.

The S&P 500 is sandwiched between its 50- and 200-day simple moving averages (SMAs). The Fibonacci retracement levels drawn from the February high to April low show that the 61.8% retracement level is proving to be a stubborn ceiling. Add to that the downward-sloping 50-day SMA, and the market may have a tough time moving higher. To leave the downtrend in the rearview mirror, the S&P 500 would have to break above its 200-day SMA with the necessary follow-through to keep it above that level. So far, the price action suggests that the S&P 500 will face headwinds to get to that stage.

News Moves Markets, Like the Chip Surprise Today

Remember, the market’s price action is like riding a rollercoaster powered by headlines. This can sometimes send technical analysis into a disarray.

Take, for example, today’s news about lifting the chip restrictions, which sent semiconductor stocks higher. The VanEck Vectors Semiconductor ETF (SMH) jumped 2.05% (see chart below).

FIGURE 3. DAILY CHART OF SMH. Will the semiconductor ETF be able to break out above its May 2 high?Chart source: StockCharts.com. For educational purposes.

Like the chart of the S&P 500, SMH needs to work harder at breaking its downtrend. The one ray of hope is that Wednesday’s move reached the May 2 high. The downside: it wasn’t able to break above it. This shows investors are cautious about semiconductors and the overall equity market.

Volatility Says It All

The caution among investors can be seen clearly in the chart of the S&P 500 vs the Cboe Volatility Index ($VIX).

FIGURE 4. VIX VS. S&P 500. Even though the VIX pulled back from its April peak, it’s still above average.Chart source: StockCharts.com. For educational purposes.

What’s interesting is that while the VIX fell when the S&P 500 rose from mid-April, the VIX hasn’t dropped to its average level of 19. It’s still trading above it, which is another point that increases the probability of further downside in equities.

The Bottom Line

There is a lot going on: geopolitical tensions, trade deal updates, policy shifts. Any of these can jolt the market in either direction.

It was encouraging to see tech stocks and semiconductors bounce on Wednesday, but that doesn’t mean we’re headed back to the days of growth stock leadership. If you’re an investor, especially one managing retirement money or nearing retirement, the best approach is to be patient. We’re not out of the woods yet.

As always, stay alert and stick with your investment plan.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has released an initial resource estimate for the Filo del Sol sulfide deposit, as well as updated resources for the Filo del Sol oxide deposit and the Josemaria deposit.

Held in a 50/50 joint venture between Lundin and BHP (ASX:BHP,NYSE:BHP,LSE:BHP), the Argentina-based assets are collectively referred to as the Vicuña resource. The new data reportedly makes Vicuña one of the world’s largest copper, gold and silver resources, and places it among the top 10 copper resources worldwide by size.

‘Filo del Sol has been one of the most significant greenfield discoveries in the last 30 years and an amazing journey for all those that have been involved,’ said Lundin Mining President and CEO Jack Lundin in a press release.

“The initial mineral resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally.”

According to Lundin, the Vicuña resource includes:

  • 13 million metric tons (MT) of contained copper in the measured and indicated category, and an additional 25 million MT in the inferred category.
  • 32 million ounces (Moz) of contained gold in the measured and indicated category, and 49 Moz inferred.
  • 659 Moz of contained silver in the measured and indicated category and 808 Moz inferred.

The Filo del Sol and Josemaria deposits are in close proximity to one another, which Lundin says offers a strategic advantage for infrastructure sharing, economies of scale and phased development planning.

The high-grade mineralization at both deposits is particularly notable:

  • Filo del Sol’s high-grade core has 606 million MT in the measured and indicated category at 1.14 percent copper equivalent for contained metal of 4.5 million MT of copper, 9.6 Moz of gold and 259 Moz of silver.
  • Josemaria’s near-surface high-grade material contains 196 million MT in the measured and indicated category at 0.73 percent copper equivalent for contained metal of 978,000 MT of copper, 2.4 Moz of gold and 11 Moz of silver.

Lundin emphasizes the potential for future growth, noting that mineralization remains open at depth, and saying drilling at the nearby Flamenco zone has intercepted new mineralized zones beyond the current resource boundary.

The scale of the discovery has led to a substantial boost in Lundin’s portfolio.

The company reported a 29 percent increase in its measured and indicated contained copper resource, and a staggering 650 percent increase in its inferred contained copper resource, attributable to its stake in Vicuña.

“We see the potential for Vicuña to be not only a significant copper producer but also one of the world’s largest gold and silver mines as well,” Lundin said, highlighting its “truly unique asset” status.

An integrated technical report combining the deposits into a single project is expected in the first quarter of 2026.

Lundin and BHP intend to develop the site into a “globally ranked mining complex,” signaling long-term commitment to unlocking the full potential of the Vicuña district.

The announcement comes amid growing global demand for copper and critical minerals used in renewable energy and electrification technologies. Projects like Vicuña could play a central role in meeting that demand — particularly if high-grade, open-pit deposits can be brought online at competitive cost.

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

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This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (May 7) 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$96,171.23 as markets closed, up 1.3 percent in 24 hours. The day’s range has seen a low of US$95,967.46 and a high of US$97,387.02.

Bitcoin performance, May 7, 2025.

Chart via TradingView.

Bitcoin showed signs of a bullish reversal leading up to the US Federal Reserve’s Wednesday interest rate decision. Roughly US$83.6 million in short Bitcoin positions were liquidated on Wednesday, significantly more than the US$15 million in long liquidations, indicating strong upward momentum. Bitcoin open interest has also increased by a notable percentage over the last 24 hours, adding to a nearly 30 percent increase over the last 30 days.

Analysts have noted that holding above US$95,000 will be crucial for a potential climb towards Bitcoin’s all-time high, while dropping below risked a significant fall. The next target is near US$98,000, with a longer-term target around US$100,200 if that resistance breaks. However, analysts for CryptoQuant have also pointed to significant profit-taking as a potential headwind that could interrupt this upward trend.

Ethereum (ETH) finished the trading day at US$1,797.11, a 0.6 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,792.06 and saw a daily high of US$1,831.84.

Altcoin price update

  • Solana (SOL) hit a value of US$145.86 at the end of the day, up 0.7 percent over 24 hours. SOL experienced a low of US$145.24 and a high of US$147.32
  • XRP was trading at US$2.11, reflecting a 1.2 percent decrease over 24 hours and its lowest point of the day. The cryptocurrency peaked this morning at US$2.14.
  • Sui (SUI) was priced at US$3.26, showing an increaseof 0.8 percent over the past 24 hours. It achieved a daily low of US$3.24 and a high of US$3.38.
  • Cardano (ADA) is trading at US$0.6599, down 0.6 percent over the past 24 hours. Its lowest price of the day was US$0.6580, and it reached a high of US$0.6754.

Today’s crypto news to know

New Hampshire becomes first state to launch crypto reserve

New Hampshire has officially become the first US state to greenlight a cryptocurrency reserve after Governor Kelly Ayotte signed House Bill 302 into law.

The measure authorizes the state treasurer to invest up to 5 percent of public funds in digital assets with a market cap above US$500 billion — effectively limiting the scope to Bitcoin for now.

The assets, along with precious metals, will be held either via a secure custodian or an exchange-traded product. The law goes into effect in 60 days and marks a significant milestone in state-level crypto adoption.

Unlike the federal government’s stagnant plans for a bitcoin reserve, New Hampshire is moving ahead with direct investment. Advocates hope the move will inspire similar initiatives in other states and potentially drive further institutional interest in Bitcoin.

Trump’s crypto projects spark legislative gridlock on Capitol Hill

President Donald Trump’s growing involvement in the crypto sector is intensifying partisan divisions in Congress and jeopardizing progress on digital asset legislation.

A hearing that was set to lay groundwork for crypto market regulation was abruptly cancelled after Rep. Maxine Waters voiced strong objections, citing Trump’s self-promotional crypto ventures as a conflict of interest.

Trump’s $TRUMP meme coin and his partial ownership of World Liberty Financial have drawn criticism from ethics experts and lawmakers alike. Democrats argue that advancing regulation while the former president promotes personal crypto investments creates a perception of impropriety.

Meanwhile, the administration defends the projects, stating Trump’s assets are held in a trust and pose no conflict. Nonetheless, legislative momentum on crypto has clearly slowed, with bipartisan collaboration now under strain.

Crypto gains traction in New Jersey democratic primary

Democratic gubernatorial hopefuls in New Jersey are leaning into crypto policy as a key plank of their campaigns, signaling a broader political shift.

A Bloomberg exclusive reports that leading candidates like Rep. Mikie Sherrill and Jersey City Mayor Steve Fulop have publicly endorsed integrating digital assets into state governance.

Fulop even proposes allocating part of the state’s pension fund to Bitcoin ETFs, a move he previously advanced at the city level. Rep. Josh Gottheimer, another contender, has framed crypto as a driver of economic growth and has backed federal legislation aimed at regulating the industry.

With Donald Trump having successfully capitalized on crypto enthusiasm in his reelection campaign, Democrats are recalibrating their stance to stay competitive.

The growing acceptance of digital assets among candidates suggests crypto will remain a prominent topic in the 2025 election cycle.

Pectra upgrade goes live

Ethereum’s Pectra upgrade, featuring the Prague execution layer hard fork and the Electra consensus layer upgrade, went live on the Ethereum mainnet at about 10:00 am UTC on Wednesday at the start of epoch 364032.

The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691, which aim to improve user-friendliness and efficiency.

EIP-7702 will enable externally owned accounts to function like smart contracts, handling gas fees and payments in various tokens. EIP-7251 will raise the validator staking limit to 2,048 ETH, streamlining operations for large stakers. Lastly, EIP-7691 will increase data blobs per block, enhancing layer-2 scalability and potentially lowering transaction costs.

The change comes as the growth of Ethereum’s total value locked has lagged behind that of Solana and BNB Chain this year. Artemis data reveals a net outflow of US$50.7 billion for Ethereum year-over-year, contrasting with US$8.3 billion for Base and US$5.8 billion for Solana. However, in the month leading up to the upgrade, Ethereum experienced higher inflows than both Base and Solana.

BlackRock’s Bitcoin ETF outpaces gold funds in 2025 Inflows

Despite gold outperforming bitcoin in price appreciation this year, BlackRock’s spot Bitcoin ETF (IBIT) has outshined traditional gold funds in net inflows.

Since January, IBIT has drawn nearly US$7 billion, surpassing the SPDR Gold Trust, which brought in US$6.5 billion over the same period.

The ETF’s success comes even as Bitcoin prices have lagged behind gold’s recent surge, reflecting institutional faith in digital assets’ long-term value.

Analysts say this trend underscores a shift in investor behavior, with many viewing Bitcoin as a digital complement — or even replacement — for gold.

Analysts now believe bitcoin ETFs could triple gold’s assets under management within the next five years.

Strive Asset Management to form Bitcoin treasury company

Strive Asset Management, an enterprise founded by former presidential candidate Vivek Ramaswamy, revealed plans to transition into a Bitcoin treasury company on Wednesday.

According to the announcement, the transition will be accomplished by a reverse merger with publicly traded Asset Entities (NASDAQ:ASST). The company will operate under the Strive brand, and will likely continue to trade on the Nasdaq under the ticker symbol ASST for the foreseeable future. The merged entity will leverage its combined stock value and access to public equity markets to fund further Bitcoin acquisitions.

“Strive Asset Management intends to use all available mechanisms to build a Bitcoin war chest in a minimally dilutive manner to common shareholders and build a long-term investment approach designed to outperform Bitcoin, by using Bitcoin itself as the hurdle rate for capital deployment,’ Strike said in its release.

Metaplanet increases Bitcoin holdings

Metaplanet (OTCQX:MTPLF,TSE:3350) purchased an additional 555 Bitcoin on Wednesday for US$53.4 million at an average price of US$96,134. The purchase is valued at over US$536 million at current prices.

The company now holds 5,555 BTC, purchased for US$481.5 million at an average price of US$86,672 per Bitcoin, according to CEO Simon Gerovich. The company also announced the issuance of another US$25 million in zero-coupon ordinary bonds to fund additional BTC buys.

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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Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company specializing in the discovery of critical minerals, is pleased to announce the addition of 97 new claims covering 2,425 hectares, increasing the total area of the Radar Ti-V-Fe Project to 24,175 hectares.

The Company’s 100%-owned Radar Property is strategically located just 10 kilometres from the coastal city of Cartwright, Labrador. The location offers excellent infrastructure advantages, including:

  • Road access
  • Deep-water port on the Atlantic Ocean
  • Cartwright Airport
  • Proximity to hydroelectric power

With the recent expansion, the Radar Property now fully encompasses the Dykes River intrusive complex, a recently identified Mesoproterozoic layered mafic intrusion (Gower, 2017). The complex has garnered significant interest due to its geological resemblance to large AMCG-type intrusions and the presence of an extensive titanium-vanadium-iron (Ti-V-Fe) enriched layer containing vanadiferous titanomagnetite (‘VTM’).

Regional airborne magnetic surveys highlighted the mafic oxide layer, revealing an arcuate exploration target extending over 20 kilometers in length.

Michael Garagan, CGO & Director of SAGA commented: ‘To lay claim to the entire Dykes River Intrusion is an important milestone for SAGA and its shareholders. Throughout history, many of these mineralized geological settings have been shared amongst multiple companies vying to advance their projects. It’s a unique and significant opportunity to hold the entire 160 square km intrusion mapped at the surface and benefits from tremendous infrastructure. The claim acquisition consolidates the entire intrusion and allows the company to delegate zones for both additional infrastructure and further exploration. We’ve only just begun uncovering the true potential and extent of the oxide layering hosted within the intrusion.’

Figure 1: Map of the Radar project highlighting the oxide layering, road access, and proximity to the town of Cartwright, Labrador. SAGA’s 2024 field programs now confirm compilation of historical airborne geophysics.

Saga Metals Confirms Geological Success with Drilling:

The Company recently reported assays from the first two of seven holes drilled on the Hawkeye zone of the Radar Ti-V-Fe property. Please click here to review the full press release on drill holes #1 and #4. Highlights are listed below.

Highlights:

  • Drilled 2,200m confidently testing targets down to a depth of 200 meters, covering a 500-meter by 350-meter target panel.
  • Winter program analytical results have been obtained for the first two diamond drill holes.
  • Petrographic analysis and the new assays confirm that the main economic mineral is a vanadiferous titanomagnetite (‘VTM’), which is prospective for simplified metallurgical processing.
  • Exceptional intercepts of VTM included 31.5m @ 25.95% Fe + 5.34% TiO 2 + 0.28% V 2 O 5 in HEZ-01 and 50m @ 24.49% Fe + 4.74% TiO 2 + 0.305 % V 2 O 5 in HEZ-04.
  • Massive high-grade VTM samples including HEZ-01 with 0.3m @ 39.5% Fe + 9.4% TiO 2 + 0.339% V 2 O 5 and HEZ-01 with 0.5m @ 43.0% Fe + 9% TiO 2 + 0.512% V 2 O 5 .
  • Drilling intercepts average 20-40% VTM, and particular massive layers exceed 60% VTM.
  • Drilling to vertical depths of 200 meters confirms magnetic anomalies identified by geophysics.
  • Initial drilling covers just 1/40th of the identified 20 km strike extent of the oxide layering zone in the Dykes River intrusion.

Drilling also confirmed massive to semi-massive oxide layering, hosting VTM mineralization, with significant widths up to 210 meters within the drill core. The geological context identified by Dr. Al Miller’s petrographic studies substantially advanced the understanding of Radar Property mineralization. These findings indicate that the VTM mineralization system is advantageous for simplified metallurgical processing and potentially improves economic outcomes.

Figure 2: The prospective oxide layering zone on the Radar property extends for an inferred 20km strike length, as shown on a compilation of historical airborne geophysics, which SAGA confirmed in the 2024 field programs.

Figure 3: Hawkeye Zone displays a   500m strike by 350m width magnetic anomaly drilled in the winter 2025 program. (2024 Saga Metals. TMI Magnetic Survey).

Given the success of the maiden drill program within the Hawkeye zone over a 500 m strike and the strong correlation between drill core, rock samples and geophysics (Figure 3), SAGA plans to repeat this model over the five priority targets along the 20 km strike length of the oxide layer. The geophysical anomaly drilled in the Hawkeye zone is potentially one of the lesser anomalies. Early indications from geophysics being conducted over the Trapper zone report an even stronger magnetic response.

Qualified Person

Paul J. McGuigan, P. Geo. is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

SAGA also holds additional exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@SAGAmetals.com
www.SAGAmetals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Ti-V-Fe project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e5fcaa32-0144-4ab1-8675-6311908d44c5

https://www.globenewswire.com/NewsRoom/AttachmentNg/4d825e7b-917e-4d9b-a851-f4e0bb4edee0

https://www.globenewswire.com/NewsRoom/AttachmentNg/19f0eab7-33e1-4997-b231-965227540f9a

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