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Finlay Minerals Enters into Earn-In Agreements with Freeport for its PIL & ATTY Properties

Investing 7 Mins Read

Finlay Minerals Ltd.( TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) announces that the Company has entered into two definitive earn-in agreements (the ‘Earn-In Agreements’) with Freeport-McMoRan Mineral Properties Canada Inc. (‘Freeport’), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE: FCX), pursuant to which it has granted Freeport separate options to earn an 80% interest in its PIL and ATTY Properties (the ‘Properties’) in the Toodoggone District of northern British Columbia.

Highlights

  • Freeport may earn 80% of the PIL and ATTY Projects by expending $35 million in Exploration Expenditures and making Cash Payments of $4.1 million – (Refer to Table 1 below for further details);
  • Finlay will act as the Operator during the Earn-In period; and
  • Exploration Program planning is underway and will be announced shortly.

The earn-in in respect of each of the Properties may be exercised separately. Following the completion of the earn-in on either of the Properties, Freeport and Finlay will respectively hold interests of 80% and 20% in such Property, and a joint venture will be formed for further exploration and development. In the event that a party does not fund their portion of further joint venture programs, their interests in the joint venture will dilute. Any party that dilutes to below a 10% interest in the joint venture will exchange its joint venture interest for a net smelter returns (‘NSR‘) royalty of 1% on the applicable Property, which is subject to a 0.5% buyback for USD $2,000,000.

The earn-in requirements can be accelerated by Freeport at its discretion. During the earn-in period, Finlay will be the Operator on the Properties, collecting an operator’s fee, under the direction of a technical committee that will approve work programs and budgets during the earn-in period.

The PIL & ATTY Properties are each subject to a 3.0% NSR royalty held by Electrum Resource Corporation (‘Electrum’), a private company, the outstanding voting shares of which are held by Company directors: John A. Barakso and Ilona B. Lindsay. The Company has a current right to buy back ½ of the royalty (1.5%) on each property for an aggregate payment of $2,000,000 and $1,500,000 respectively. Finlay and Electrum have agreed that upon the exercise of the earn-in in respect of each Property by Freeport, the buy-back right will be amended to provide for a 2.0% buyback for each Property, in consideration for an increased buy-back payment to be sole-funded by Freeport without joint venture dilution to Finlay, and will be divided equally between Finlay and Electrum.

Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum.

The Earn-In Agreements were executed and delivered on April 17, 2025 and are subject to approval of the TSX Venture Exchange. Finlay and Freeport are arms-length parties and no finders’ fees were incurred with these transactions.

About the PIL Property:

The 100% owned PIL Property covers 13,374 hectares of highly prospective ground in the prolific Toodoggone mining district of north-central British Columbia. The core PIL claims were staked over 30 years ago by the founders of the Company. Over the decades, numerous Cu-Au-Mo porphyry and porphyry-related Au-Ag epithermal targets have been identified at PIL. The identified targets are central to a broader 70 km porphyry corridor trend, which includes: Centerra Gold’s past producing Kemess South Cu-Au porphyry mine and Kemess Underground Cu-Au-Ag porphyry resource, Thesis Gold’s Lawyers-Ranch Au-Ag epithermal resource, and the newly discovered Amarc Resources and Freeport AuRORA Cu-Au-Ag porphyry. Readers are cautioned that mineralization on the foregoing regional properties is not necessarily indicative of mineralization on the PIL Property. The PIL Property is road accessible and permitted for the 2025 season. (Refer to Figure 2 Map.)

About the ATTY Property:

The 100% owned ATTY Property covers 3,875 hectares in the prolific Toodoggone mining district of north-central British Columbia. The ATTY Property adjoins Centerra Gold’s Kemess Project and Amarc Resources and Freeport’s JOY property. Several epithermal-style Ag ± Au ± Cu ± base-metal veins are exposed on the ATTY Property, and geochemical and geophysical work have outlined at least two promising porphyry targets, including the drill-ready KEM Target. The ATTY Property is road accessible and permitted for the 2025 season.

Qualified Person:

Wade Barnes, P. Geo. and Vice President, Exploration for Finlay and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits with four 100% owned properties in northern British Columbia: the PIL and ATTY properties in the Toodoggone, the Silver Hope Cu-Ag Property (21,322 ha) and the SAY Cu-Ag Property (15,246 ha).

Finlay Minerals is advancing the PIL, ATTY, SAY and Silver Hope Properties that host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,
Robert F. Brown
President, CEO & Director

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

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the Properties and the potential exercise of Freeport’s option to acquire an interest in the Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements, and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

Source

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Gold Price Hits New Record, Breaking US$3,300 for First Time

Investing 3 Mins Read

The gold price reached yet another record high on Wednesday (April 16), breaking US$3,300 per ounce.

The precious metal has gained significant momentum since the beginning of the year. In trading on Wednesday it surged past the US$3,200 mark, climbing as high as US$3,354.10 per ounce. The price retreated below the US$3,300 mark on Thursday (April 17).

The rise comes after statements from US Federal Reserve Chairman Jerome Powell made at the Economic Club of Chicago on Wednesday. In his remarks, he said that he expects US President Donald Trump’s tariff policy to negatively impact US economic growth and further fuel inflation.

In addition to gold climbing to record highs, the US dollar sank to its lowest point in three years with the DXY dollar index falling to 99.3 points on Thursday.

Gold price chart, April 10, 2025, to April 17, 2025.

Gold prices have soared in recent weeks amidst the chaos caused by Donald Trump’s tariff announcements on April 2.

Those measures included a 10 percent tariff on all but a handful of countries, including Canada and Mexico, with more severe reciprocal tariffs to come into effect this week. However, on April 9, Trump announced he would pause the additional tariffs for 90 days, saying more than 70 countries had contacted him to make deals.

Trump may have also been feeling pressure from economic advisors as a surge in treasury yields signaled a potential economic crisis brewing in the US bond market. Normally a safe haven during market volatility, the bond market saw a significant selloff this week as US tariffs and worries about the US economy’s stability spooked traders.

Although the pause gave most countries some breathing room, tariffs against China were left on the table. After much back and forth, US tariffs levied against China have now increased to 145 percent.

The net effect of Trump’s actions has been political and financial turmoil, sparking selloffs in major stock markets and pushing prices for safe-haven assets like gold to fresh records.

Additionally, China, Japan and South Korea agreed on March 30 to seek deeper free trade ties in response to the threat of tariffs from the US government. The deal marks a significant move by the three countries following decades of US diplomacy to maintain close relationships with Japan and South Korea.

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

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Westport Announces Annual General and Special Meeting and Timing of Q1 2025 Financial Results

Investing 2 Mins Read

Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) (‘Westport’ or the ‘Company’) announces that the Company will release Q1 2025 financial results on Tuesday, May 13, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Wednesday, May 14, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI73bcac200e5f4652873668cf803d72ed
Webcast: https://investors.wfsinc.com

Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

The webcast will be archived on Westport’s website and a replay will be available at https://investors.wfsinc.com .

Annual General and Special Meeting

Westport will host its 2025 Annual General and Special Meeting (the ‘Meeting’) virtually on May 15, 2025 at 10:00 a.m. PT (1:00 p.m. ET).

To streamline the virtual meeting process, Westport encourages shareholders to vote in advance of the Meeting using the voting instruction form or the form of proxy which has been shared with shareholders with the Meeting materials. Further instructions on voting and accessing the meeting are contained in the Management Information Circular under ‘Section 1: Voting’ – upon receipt, please review these materials carefully.

Registered Shareholders and duly appointed proxyholders can attend the meeting online at https://meetnow.global/MD2JR55 to participate, vote, or submit questions during the meeting’s live webcast.

About Westport Fuel Systems

At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

News Provided by GlobeNewswire via QuoteMedia

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Google’s Ad Tech Business Faces Uncertainty After Court Ruling

Investing 4 Mins Read

On April 17 (Thursday), Judge Leonie Brinkema of the US District Court for the Eastern District of Virginia ruled against Google (NASDAQ:GOOGL) in the antitrust case concerning its advertising technology business, casting a shroud of uncertainty over the future of the tech giant’s online advertising business.

Brinkema will now need to determine what remedies to impose on Google to restore fair market competition. The plaintiffs sought to force Google to divest its Ad Manager, which includes the company’s publisher ad server and its ad exchange, to restore competition in the market. This outcome is far more likely following Judge Brinkema’s ruling.

This is a developing story happening alongside a similar case against Meta Platforms (NASDAQ:META), which is being sued by the Federal Trade Commission (FTC) for allegedly monopolizing social media through its acquisition of Instagram in 2012 and WhatsApp in 2014.

This trial against Google began in September 2024, and the plaintiffs in the lawsuit comprise the Department of Justice (DOJ) and attorneys general from eight states.

The plaintiffs argued that Google’s dominance in ad tech allowed it to charge higher prices and take a larger share of ad sales. They accused Google of stifling competition by controlling the technology used to place ads on websites across the internet.

The ruling against Google marks a significant step in one of numerous anti-competitive cases brought against Google in the past few years, both in the US and internationally.

It follows an earlier ruling in August 2024 in which Google was found to have an illegal monopoly in the online search market in the US. That case will move into the remedies phase next week, with a court date of April 21, 2025.

“This is a game-changer,” wrote Connecticut Attorney General William Tong, one of the plaintiffs in both cases. “As Judge Brinkema writes in her decision, Google was in direct violation of the Sherman Act by dictating how digital ads are sold and the terms under which its rivals can compete.

‘With this victory in hand, we can hopefully work now towards restoring a fair, free, and competitive digital advertising marketplace. This decision is the first step in opening up competition so that Connecticut businesses and consumers will pay less for advertising – and therefore less for goods and services. We will no longer be under the thumb of a gigantic multinational conglomerate.”

US District Judge Amit Mehta, who ruled against Google in the August 2024 case, has considered imposing structural remedies that could involve forcing Google to divest its Chrome business, although Google has argued divestiture would hurt consumers. Instead, the company has suggested allowing browser companies to have multiple default agreements with various search engines.

Regulators have been digging into various aspects of Google’s business, including its advertising technology, search practices and mobile operating system.

In addition to the current case, Google is also facing scrutiny from antitrust regulators in Europe, the UK and other jurisdictions. The outcomes of these cases could have far-reaching implications for Google’s business model and the tech industry as a whole.

Today’s ruling signifies a major development in the ongoing scrutiny of Big Tech’s market dominance, which echoes efforts to dismantle AT&T’s (NYSE:T) phone monopoly in the 1980s. The eventual outcome of that case led to AT&T’s breakup into seven independent enterprises, which laid the groundwork for some of today’s major telecommunications and internet services providers, including Verizon (NYSE:VZ) and Lumen Technologies (NYSE:LUMN). It also gave cable companies like Comcast room to expand into internet services.

Whatever outcome Judge Brinkema decides, the ruling could reshape the online advertising landscape and have far-reaching implications for both the company and the broader tech industry.

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

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US Capital Gains Tax Guide for Gold and Silver Investors

Investing 8 Mins Read

As gold and silver continue to prove their worth as sound investments, market participants should know how precious metals investments are taxed in the US.

While the majority of gold and silver investing comes with a certain degree of taxation, there are different levels of tax based on how market participants decide to invest in these precious metals, how long the investments are held for and the investors individual tax bracket.

Read on for a breakdown of the taxes associated with investing in gold and silver bullion, ETFs and stocks, as well as the forms involved with reporting precious metals investments.

In this article

    How are physical gold and silver taxed?

    Gold and silver bullion, coins and bars are seen as collectibles by the Internal Revenue Service (IRS) in the US. Thus, physical gold and silver, no matter the form, are subject to a higher rate of capital gains tax when they are sold. The same is true for fellow precious metals platinum and palladium.

    While long-term capital gains would typically carry a top bracket of 20 percent, collectibles can be taxed at a higher 28 percent.

    The total an investor will owe in capital gains tax when selling physical gold and silver is based both on their income bracket and the length of time they held the asset.

    The long-term capital gains tax on physical gold and silver is equal to an investor’s marginal tax rate, up to a maximum of 28 percent due to their status as a collectible, meaning those in higher tax brackets still only have to pay 28 percent on long-term gains from physical precious metals sales.

    It is worth noting that the 28 percent maximum is only for long-term capital gains, which applies to metals that an investor has held for more than one year. Short-term capital gains on precious metals held for less than one year are taxed at ordinary income rates.

    For example, a person in the highest tax bracket purchased 100 ounces of physical gold at US$1,800 per ounce and two years later sold their holdings for US$2,000 per ounce. While they are in the 37 percent tax bracket, they would pay 28 percent tax on the capital gains made from these sales. As they earned US$20,000 in capital gains, that would translate to US$5,600 in income tax.

    However, if the investor sold the gold at the same gain just 11 months after they purchased it, it would count as short-term capital gains, and the investor would be taxed at 37 percent and owe US$7,400.

    Investors who are in one of the tax brackets below 28 percent are taxed at the standard rate of their bracket when selling their solid gold and silver assets, whether they are held short- or long-term.

    Similarly to other investments, precious metals sold at a loss can be used to offset capital gains.

    How are gold and silver ETFs taxed?

    Like all other exchange-traded funds (ETFs), gold ETFs and silver ETFs act in the same manner as individual stocks, meaning that investing in these ETFs is similar to trading a stock on an exchange. There are two main types of gold and silver ETFs: those that track the prices of those metals and those that track gold or silver stocks.

    ETFs that follow metals prices provide exposure to either physical gold or silver, or gold or silver futures contracts. It is important to keep in mind that investing in these ETF platforms does not allow investors to own any physical gold or silver — in general, even an investment in an ETF that tracks physical gold or silver cannot be redeemed for the tangible metal.

    ETFs that invest in gold or silver companies provide exposure to gold- and silver-mining stocks, as well as gold- or silver-streaming stocks.

    In terms of taxation, capital gain taxes from selling gold and silver ETFs is determined by the ETF’s holdings, the investors tax bracket and how long they held the asset for.

    Funds will often supply investors with tax forms that they can use to fill out their income tax. The webpage for a fund should have a document describing how income tax is handled for that fund, which is worth reading before investing in it.

    Long-term capital gains from selling shares of gold and silver ETFs are subject to a 28 percent maximum federal income tax rate if they hold physical precious metals and 20 percent if they hold stocks. While long-term capital gains would typically be capped at 20 percent maximum rate. This is because the holdings are considered collectibles, as described in the section above. Short-term gains made from selling gold or silver ETFs are subject to a maximum federal rate of 37 percent.

    Additionally, these gains could get slapped with a 3.8 percent net investment income tax for high net-worth investors, and a state income tax may also apply.

    Futures-based commodity ETFs can come with their own set of rules that you can learn about here. Briefly, they are often taxed in a 60/40 hybrid, with 60 percent treated as long-term gains and 40 percent treated as short-term gains. Additionally, this is calculated at the end of each tax year, whether a sale is made or not.

    ETFs that hold stocks are taxed in the same way as traditional securities, which you can read more about below.

    How are gold and silver stocks taxed?

    In terms of tax on gold and silver stocks, long-term gains from selling are subject to the standard 20 percent maximum federal rate, while short-term gains will face a maximum federal rate of 37 percent. For investors in higher income brackets, there is the potential for gold and silver stock investments to also be hit with the 3.8 percent net investment income tax as well as state income tax.

    Unlike physical precious metals and ETFs that hold them, precious metals stocks are not classified as collectibles, which is why the long-term capital gains tax is capped at 20 percent instead of 28 percent.

    Stocks sold at a loss are important as well as they can be used to offset capital gains when filing income tax.

    How to report taxes on physical gold and silver investments

    Market participants who sell precious metals in the US for a profit are required to report that profit on their income tax return, regardless of whether or not the dealer has any reporting obligation.

    When selling gold and silver investments in the US, there are two different sets of reporting guidelines — one applies to the dealer through which a person sells and the other applies to the investor who is selling the asset.

    It is important to note that taxes on the sale of gold and silver will not be due the moment that the sale is made, and the tax bill for all of these sales is due at the same time as a standard income tax bill.

    For investors selling precious metals, capital gains or losses need to be reported on Schedule D of Form 1040 when making a tax return.

    Investors will first need to detail their precious metals transactions on Form 8949, including the length of time the investments were held. This form must be filed alongside Schedule D. Investors then use this information alongside the 28% Rate Gain Worksheet included in the Schedule D instructions.

    Depending on the type of metal being sold, Form 1099-B may have to be submitted to the IRS by the broker when the sale closes, as such transactions are considered income. As for when a broker will need to file Form 1099-B, there are specific rules that determine which sales of precious metals require the dealer to file this form that apply to transactions over a 24 hours period.

    For gold sales, reportable items include specific gold coins, including the 1 ounce Canadian Gold Maple Leaf and Gold Kruggerand, and gold bars and rounds of at least 0.995 fineness. As for quantity, only sales of more than 25 gold coins and or more than 1 kilogram in gold bars and rounds will require the form.

    Sales of 0.999 fine silver bars and rounds totaling over 1,000 ounces qualify. For silver coins, US coins with above 90 percent silver are reportable, but Silver American Eagle coins are not. Sales of silver coins exceeding US$1,000 will require a form.

    When it comes to selling gold and silver overseas, market participants must follow the laws as they apply to the sale of gold and silver investments in that particular country.

    The information in this article does not constitute tax advice, and investors should work with a tax professional or program to help them make sure everything is reported accurately.

    Securities Disclosure: I, Lauren Kelly, currently hold no direct investment interest in any company mentioned in this article.

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    Crypto news

    Pi Network Listing: Top Exchange Shares Cryptic Post Hinting Pi Coin Inclusion

    Crypto news 3 Mins Read

    As Pi Coin continues to hover near the $0.6 mark, speculations are high over a major Pi Network listing’s impact on the crypto’s price ahead. The community has called for major updates from the Pi Core team or significant listing updates to help recover the asset’s price. Amid this, a top crypto exchange has shared a cryptic post, indicating a potential listing ahead and sparking market optimism.

    Top Crypto Exchange Sparks Pi Network Listing Speculations

    A recent X post from HTX Exchange fueled speculations over a potential Pi Network listing. The exchange posted an image featuring the Pi Coin logo alongside other crypto projects. Though no direct announcement was made, the visual cue was enough to trigger optimism among Pi supporters.

    Shortly after, Pi-dedicated media outlet The Times of PiNetwork commented on the image. They suggested that HTX might be preparing to list Pi Coin through a verified onboarding process. “HTX tagged the Pi logo in its latest X post. Could this mean a spot listing is on the way via KYB?” the platform posted, raising eyebrows across the crypto space.

    Source: The Times of PiNetwork, X

    Is KYB Verification Complete?

    Validator group PiNewsZone also responded to the buzz. They hinted that the Know Your Business (KYB) verification process could already be complete. “Seems they have passed KYB. lets hope they update it.” they remarked.

    While no formal listing confirmation has surfaced, this activity signals growing institutional interest in Pi Network. Besides, a renowned figure from the Pi Community has lauded the Network’s slow growth as a “strategic” move recently.

    Pi Network Price: What Lies Ahead?

    Pi value today recorded marginal gains and exchanged hands at $0.6137 and its one-day volume fell 29% to $119.09 million. Notably, the crypto has hovered between the $0.63 and $0.60 levels over the last 24 hours due to the absence of any major catalysts.

    Community Calls For Transparency & Efforts

    Meanwhile, the Pi Network community has called on the core team to act decisively for weeks. Now, the holders and community want more transparency and stronger efforts to push for exchange listings.

    Considering that, a potential listing on a leading platform like HTX could be a game-changer. It may boost liquidity, open up global access, and restore momentum. However, without any major catalysts, a Pi Price prediction hints that the crypto might hover near its current level over the next few months.

    The post Pi Network Listing: Top Exchange Shares Cryptic Post Hinting Pi Coin Inclusion appeared first on CoinGape.

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    Solana (SOL) Plays Catch Up as Fartcoin Price Attempts $1 Retest

    Crypto news 3 Mins Read

    After weeks of consolidation, Solana (SOL) recovery is in progress, but the Fartcoin price is ready to rally and is preparing to revisit $1. Will FARTCOIN, a Solana meme token,  lead while SOL remains rangebound?

    Solana Meme Coin Fartcoin Price Analysis

    Between April 1 and 16, Fartcoin price shot up 117%, but Solana price is up nearly 10%, according to TradingView data. Although the meme token has dropped 25% in the past week, it still has potential to shoot higher and hit the $1 psychological level.

    A closer look at the Fartcoin price action on the daily chart shows it’s facing massive selling pressure inside the inverted Fair Value Gap (FVG). This zone extends from $0.822 to $0.989. Failure to find support could lead to a steep correction.

    The daily FVG, extending from $0.678 to $0.618, is a critical demand area. This gap was formed as the Fartcoin price shot up nearly 50% on April 9. A reentry into this zone will provide an opportunity for unfilled limit orders to be filled.

    Investors looking to buy the dip on this top meme coin can do so as FARTCOIN dips into the $0.678 to $0.618 FVG zone. The Relative Strength Index (RSI) and Awesome Oscillator (AO) are above their respective mean levels, indicating that the bullish momentum is in control. If price retraces, the RSI and AO can revisit and bounce from the 50 and zero mean levels, respectively, further enforcing the idea of a potential reset of bullish momentum.

    A bounce from this area, coupled with a bullish Bitcoin price prediction for 2025, could send Fartcoin price to revisit the inverted FVG that stretches from $0.822 to $0.989. A swift breakout and flip of this area into a support floor could propel Solana meme coin Fartcoin price to the $1 key level.

    FARTCOIN/USDT 1-day chart

    Solana ETF Could Propel Fartcoin Higher

    The highly anticipated approval of the Solana ETF could further help boost the outlook for Solana ecosystem tokens including Fartcoin. Tronto exchange has approved the SOL ETF, but the US is yet to approve it.

    The US Securities and Exchange Commission (SEC) is set to approve a Spot SOL ETF in Q4 of 2025. This development would open the floodgates for altcoin investments and propel Solana and its top meme token, Fartcoin, price higher.

    Until then, FARTCOIN is the go-to altcoin that will not only outperform Solana (SOL), but also Bitcoin (BTC) and Ethereum (ETH).

    The post Solana (SOL) Plays Catch Up as Fartcoin Price Attempts $1 Retest appeared first on CoinGape.

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    Ripple CEO Brad Garlinghouse Drives XRP’s Global Expansion; Know How

    Crypto news 3 Mins Read

    Ripple CEO Brad Garlinghouse has been instrumental in shaping the narrative and future of XRP. According to All Things XRP, Garlinghouse is steering XRP towards a monumental breakthrough, driven by its unparalleled potential to revolutionize global payments. The CEO’s vision for Ripple’s token is centered on real-world utility, scalability, efficiency, and other unique capabilities – positioning it for unprecedented growth and adoption.

    In a series of X posts, the expert referred to Brad Garlinghouse’s influential statements on XRP. Acknowledging his powerful words, the expert highlighted their significant impact on the token’s establishment as a top contender in the crypto space.

    How Ripple CEO Aids XRP’s Growth? Expert Insights

    According to All Things XRP, Ripple CEO Brad Garlinghouse is spearheading XRP’s increased adoption and expansion. Garlinghouse’s multiple posts and comments on the crypto’s potential have significantly influenced its global recognition.

    Let’s explore Brad Garlinghouse’s words that boosted Ripple coin’s growth over the past few years, despite the prolonged Ripple vs SEC lawsuit and other regulatory hurdles.

    Garlinghouse Acknowledges Ripple Coin’s Use Cases

    Notably, the Ripple CEO highlighted XRP’s use cases in global payments. He also underscored the token’s potential to solve a multi-trillion-dollar problem.

    According to Garlinghouse, the Ripple coin’s purpose-built design enables fast, efficient, and low-cost transactions, making it an attractive solution for high-volume payment corridors. Its speed, efficiency, and low cost position the Ripple token as a leading contender in the digital asset space. He cited, “If we continue to drive the success we’re driving, we’re driving a massive demand for XRP because we’re solving a multi-trillion dollar problem.”

    What is XRP’s Advantage?

    Interestingly, XRP remains unique in the vast crypto space with its key features. Being 1000 times faster and less expensive than the pioneering cryptocurrency Bitcoin, the token solidifies its position as a key player in the crypto market. This makes it an ideal solution for high-volume payment corridors. The Ripple CEO stated,

    XRP was built by engineers who saw Bitcoin’s flaws, especially scalability. XRP is 1,000 times faster.

    In addition, the crypto is decentralized, functional, and independent. This means that the token’s existence and performance are not dependent on Ripple. “If Ripple as a company went away, XRP would continue to trade,” noted Brad Garlinghouse.

    Furthermore, the Ripple token has achieved regulatory clarity, with global regulators recognizing it as not being a security. It is noteworthy that Ripple’s coin is one of the first cryptocurrencies to be concluded as a non-security. This provides a clear path forward for its growth and adoption.

    Brad Garlinghouse Remains Transparent

    As pointed out by the expert, Garlinghouse remains transparent about Ripple’s business model. It relies on selling XRP to generate revenue and achieve profitability.  Garlinghouse admitted, “We would not be profitable or cash flow positive without selling our XRP holdings.”

    Garlinghouse has also predicted that Ripple’s token will be included in the US crypto reserve.

    XRP’s Future Prospects and CEO’s Personal Stance

    Significantly, the Ripple CEO remains optimistic about XRP’s future and ETF launch. While all the nine Ripple ETFs have gained the SEC’s recognition, experts believe that they will be approved before December 2025. According to him, “It’s just inevitable that [XRP] will be offered through an exchange-traded fund.”

    Further, he emphasized the role of Ripple’s token in the multichain world, while also advocating for fairness across chains. He has also revealed his personal crypto holdings that include XRP, BTC, and ETH.

    The post Ripple CEO Brad Garlinghouse Drives XRP’s Global Expansion; Know How appeared first on CoinGape.

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    Traders Bet Against Fed Chair Jerome Powell’s Removal Despite Donald Trump’s Criticism

    Crypto news 3 Mins Read

    Traders on Polymarket are betting against Fed Chair Jerome Powell’s removal this year despite criticisms from US President Donald Trump. Trump has consistently called on Powell to cut interest rates, which would be a positive for the crypto market. However, Powell has refused to listen so far, indicating it isn’t yet time to cut rates.

    Traders Bet Against Donald Trump Removing Jerome Powell This Year

    Polymarket data shows that traders are currently betting against Donald Trump removing Jerome Powell this year. Currently, there is only a 19% chance of that happening this year, based on data from the prediction platform.

    The odds for this happening have dropped by 4% in the last 24 hours, despite a Wall Street Journal (WSJ) report that the US President has privately discussed firing Powell for months, including in meetings with his potential replacement, Kevin Warsh.

    As CoinGape reported, Donald Trump had criticized Powell yesterday, stating that he is always “too late and wrong.” He also remarked that the Fed Chair’s termination “cannot come fast enough.”

    The US President made this statement while noting that the European Union (EU) was about to cut interest rates for the seventh time. Yet, Powell and the Fed still hold tight on easing monetary policies.

    Following his meeting with Italy’s Prime Minister, Giorgia Meloni, Trump made some comments about Powell again, sparking debates on whether the US president would remove him soon.

    Trump stated that he wasn’t happy with Powell and that the Fed Chair would leave if he asked him to. The US president again expressed his displeasure with Powell, remarking that he does not believe Powell is doing his job.

    Significance Of This Development

    Reports around Jerome Powell’s termination as Fed Chair are significant for the crypto market, as the Bitcoin price and other altcoins have shown a tendency to react more to monetary policies than to other macroeconomic fundamentals.

    As such, Donald Trump firing Powell or the Fed Chair resigning could be a positive for the market, since Powell has shown that he has no intention of lowering rates just yet. In his recent speech, Powell made it clear that the Federal Reserve would likely keep interest rates steady for now while monitoring the impact of Donald Trump’s tariffs on inflation.

    Meanwhile, market participants may be more inclined toward Kevin Warsh, who appears to be more crypto-friendly. However, Warsh once advocated for Central Bank Digital Currencies (CBDCs) and looked to be against private stablecoins. This contradicts Trump’s policies, as the US president has already signed an executive order prohibiting the creation of a CBDC.

    The post Traders Bet Against Fed Chair Jerome Powell’s Removal Despite Donald Trump’s Criticism appeared first on CoinGape.

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    Will Pi Network Price Crash or Rally After 212M Unlocks?

    Crypto news 3 Mins Read

    Pi Network price is at a critical juncture amid ongoing token unlocks that will likely impact the performance. These unlocks will go on until May 2025, and they are exerting bearish pressure on the meme coin’s price even as it fails to bounce from the $0.60 support level. In this article, we explore whether the upcoming 212M unlocks will spark a rally or trigger a crash. 

    Pi Network Price Impact Amid 212M Unlocks 

    Data from PiScan shows that 212M Pi Network tokens, whose value is approximately $130M at the current price, will be included in the circulating supply in the next 30 days. This means that there will be an average of 7M PI tokens per day until May 17. 

    PI Token Unlocks

    These token unlocks will hurt Pi Network price by increasing the token’s supply even when the demand is low. Therefore, the token may record a sharp reversal in trend or even consolidate within the current range lows if there is insufficient demand to absorb this supply. 

    However, analyst Spock on X notes that under the current PI tokenomics, this token may prevent a crash even as these unlocks continue. This analyst added that over 90% of addresses include accounts that hold less than 100 PI tokens, suggesting high interest from the retail market. He added that if Pi Coin sees demand, it may also prevent a crash. 

    Despite this bullish forecast, 23 whale addresses hold more than 12M PI tokens, which is more than 90% of the 13.2M tokens that are currently available on the mainnet. This indicates that whale addresses can impact the price of an asset if they decide to sell, further highlighting a bearish Pi Network price prediction.

    As such, these token unlocks may trigger a crash in the Pi Network price if demand fails to absorb the sold coins. 

    Pi Network Technical Analysis 

    Pi Network price trades at $0.61 today with a slight 2% gain in 24 hours. These gains suggest that bullish momentum is building around this token, which may drive  Pi Coin’s volatility over the weekend. 

    On the two-hour price chart, Pi Network price was flashing signs of a possible trend reversal from an uptrend to a downtrend. The downtrend will be confirmed if Pi Coin falls below support at the neckline of $0.61. 

    Meanwhile, the RSI is rising, indicating that buyers are stepping back into the market, which could aid the uptrend for Pi Coin price. Traders should watch out for the crossover of the RSI above 50 to confirm a shift in the market structure. 

    PI/USDT: 2-Hour Chart

    Considering the upcoming unlocks of 212M PI tokens, the Pi Network price may drop due to a surge in supply as demand remains low. Additionally, the two-hour price chart shows that bearish momentum is building around the token that may spark a drop to $0.44. 

    The post Will Pi Network Price Crash or Rally After 212M Unlocks? appeared first on CoinGape.

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