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U.S. Attorney General Pam Bondi issued a stern warning to those engaged in government fraud at the most recent Cabinet meeting on Monday.

Speaking with President Donald Trump present at the meeting, Bondi thanked Tesla CEO Elon Musk for uncovering ‘fraud, waste and abuse’ through the Department of Government Efficiency (DOGE) initiative.

‘A lot of waste and abuse, but there is a tremendous amount of fraud,’ Bondi began. ‘And, Elon, thank you for your partnership. Thank you for your team. You have uncovered so much fraud in our government.’

Bondi then revealed that an internal task force is involved with bringing those accused of fraud to justice.

‘We will prosecute you,’ the attorney general warned. ‘We have an internal task force now working with every agency sitting here at this table. And if you’ve committed fraud, we’re coming after you. Thank you, Elon.’

Bondi also mentioned that, under Trump’s directive, the Department of Justice (DOJ) will begin seeking the death penalty for those convicted of violent crimes.

‘All of these horrible violent criminals that you’re hearing about around the country, they will face the death penalty federally within our country,’ Bondi said. ‘And the drug dealers need to get out of here, because we are coming after you. We’re going to have 94 great U.S. attorneys around this country, and everyone will be prosecuted to the fullest extent of the law.’

The topic of government fraud was mentioned throughout the meeting, with Musk claiming that he found $330 million worth of waste within the Small Business Administration (SBA).

‘[We found] a case of fraud and waste with the Small Business Administration, where they were handing out $330 million worth of loans to people under the age of 11,’ Musk said. ‘I think the youngest was a nine month year [sic] old who got a $100,000 loan.’

‘That’s a very precocious baby we’re talking about here,’ he joked.

Trump expressed appreciation to both Musk and the rest of the Cabinet for uncovering waste and fraud.

‘We’ve had many fraudulent contracts that were caught by the work that Elon and his people are doing,’ the president said. ‘And working with our people, it’s been brought to light. The fraud, not just waste and abuse, the fraud has been incredible.’

This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Monday (March 24) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$88,242.18, a 3.6 percent increase over the past 24 hours. The day’s trading range has seen a low of US$87,300.18 and a high of US$88,713.83.

Arthur Hayes speculates that Bitcoin could go as high as US$110,000 before retracing to the US$75k range as inflation concerns fade and the US Federal Reserve slows quantitive tightening (QT) and shifts to quantitive easing (QE).

Bitcoin performance, March 24, 2025.

Chart via TradingView.

Ethereum (ETH) is priced at US$2,091.12, garnering a 4.8 percent increase over a 24-hour period. The cryptocurrency reached an intraday low of US$2,072.25 and a high of US$2,102.94.

BlackRock’s BUIDL fund now holds US$1.163 billion worth of Ether, up from around US$990 last week, according to data gathered from Token Terminal.

Altcoin price update

  • Solana (SOL) is currently valued at US$142.76, up 9.3 percent over the past 24 hours. SOL experienced a low of US$141.53 and a high of US$145.14 on Monday.
  • XRP is trading at US$2.47, reflecting a 2.6 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.45 and a high of US$2.50.
  • Sui (SUI) is priced at US$2.44, showing a 7.8 percent increase over the past 24 hours. It achieved a daily low of US$2.40 and a high of US$2.45.
  • Cardano (ADA) is trading at US$0.7373, reflecting a 5.2 percent increase over the past 24 hours. Its lowest price on Monday was US$0.7277, with a high of US$0.7413.

Crypto news to know

Coinbase challenges Tornado Cash sanctions decision

The US Department of the Treasury has removed sanctions imposed on Tornado Cash in 2022 after the cryptocurrency mixer was accused of helping North Korean hacking crew the Lazarus Group launder stolen crypto.

The department argues that the lawsuit should be dismissed without a final court judgment; however, this idea is being challenged by Coinbase’s chief legal officer, Paul Grewal, who insists a final ruling is necessary to prevent legal uncertainty. Without one, he argues nothing is stopping the Treasury from reimposing sanctions in the future.

Cronje concerned about Sonic’s algorithmic stablecoin

Software developer Andrew Cronje has expressed reservations about proceeding with an algorithmic stablecoin project from Layer-1 blockchain Sonic given its resemblance to the failed Terra-Luna system, which erased tens of billions of dollars after a meltdown in 2022. Algorithmic stablecoins try to control the price of a stablecoin using an algorithm that adjusts supply and demand, rather than fiat-backed stablecoins, which hold dollars in a bank.

To encourage users to participate in the ecosystem and help maintain the stablecoin’s peg, algorithmic projects often offer extremely high yields or rewards. A core concern is that these systems are inherently fragile, as the algorithm may not be able to effectively maintain its peg if the demand for the stablecoin suddenly drops, triggering a “death spiral.’

According to Cronje, co-founder of Sonic Labs and founder of Yearn.finance, the blockchain project is developing an algorithmic stablecoin that offers an APR of up to 23.5 percent.

Ocree Capital tokenizes Winnipeg property

Ocree Capital, a securities dealer, has tokenized a C$51.9 million commercial real estate listing in Winnipeg, Manitoba. This process involves converting the ownership rights of the property, a Class “A” multi-residential development with 156 units, into digital tokens on the Polymesh blockchain.

“We’re proud to collaborate with Ocree Capital on this milestone initiative exemplifying how blockchain can bring greater access, transparency, and efficiency to real estate markets,” said Will Vaz-Jones, head of partnership development at the Polymesh Association. “Ocree’s regulatory approach and expertise, combined with Polymesh’s purpose-built blockchain infrastructure, creates a powerful solution for the Canadian market.”

This move by Ocree Capital represents a significant advancement in the real estate industry, as tokenization offers numerous benefits, including increased liquidity, fractional ownership and streamlined transactions.

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

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

This post appeared first on investingnews.com

Randy Smallwood, president and CEO of Wheaton Precious Metals (TSX:WPM,NYSE:WPM), shares his thoughts on the gold and silver markets, and discusses the company’s latest results.

He also weighs in on Wheaton’s long-term guidance and plans for the future.

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

This post appeared first on investingnews.com

CleanTech Lithium PLC (AIM: CTL), an exploration and development lithium company in Chile, is pleased to announce that at the General Meeting (‘GM‘) held earlier today all the resolutions were duly passed.

Retail Offer

On 10 March 2025 the Company announced the Retail Offer had conditionally raised £143,980, in addition to the £2.4 million raised from a Placing announced on 11 February 2025. 899,873 new ordinary shares (‘Retail Offer Shares‘) will be issued to existing retail shareholders who subscribed via the BookBuild platform at a price of 16 pence per Retail Offer Share pursuant to the Retail Offer.

It is expected that Admission will become effective, and trading of the Retail Offer Shares will commence on AIM, at 8.00 a.m. on 25 March 2025.

Total Voting Rights

Following the issue of the Retail Offer Shares, the Company will have a total of 100,346,774 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury and accordingly the total number of voting rights in the Company is 100,346,774.

With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Words and expressions defined in the Company’s announcement of 10 March 2025 shall have the same meaning in this announcement.

For further information please visit https://ctlithium.com/

For further information contact:

CleanTech Lithium PLC

Steve Kesler/Gordon Stein/Nick Baxter

Jersey office: +44 (0) 1534 668 321

info@ctlithium.com

Chile office: +562-32239222

Beaumont Cornish Limited (Nominated Adviser)

Roland Cornish/Asia Szusciak

+44 (0) 20 7628 3396

Fox-Davies Capital Limited (Joint Broker)

Daniel Fox-Davies

+44 (0) 20 3884 8450

daniel@fox-davies.com

Canaccord Genuity (Joint Broker)

James Asensio

+44 (0) 20 7523 4680

Beaumont Cornish Limited (‘Beaumont Cornish’) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes

CleanTech Lithium (AIM:CTL) is an exploration and development company advancing lithium projects in Chile for the clean energy transition. Committed to net-zero, CleanTech Lithium’s mission is to become a new supplier of battery grade lithium using Direct Lithium Extraction technology powered by renewable energy.

CleanTech Lithium has two key lithium projects in Chile, Laguna Verde and Viento Andino, and exploration stage projects in Llamara and Arenas Blancas (Salar de Atacama), located in the lithium triangle, a leading centre for battery grade lithium production. The two most advanced projects: Laguna Verde and Viento Andino are situated within basins controlled by the Company, which affords significant potential development and operational advantages. All four projects have good access to existing infrastructure.

CleanTech Lithium is committed to utilising Direct Lithium Extraction with reinjection of spent brine resulting in no aquifer depletion. Direct Lithium Extraction is a transformative technology which removes lithium from brine with higher recoveries, short development lead times and no extensive evaporation pond construction. www.ctlithium.com

Click here for the full release

This post appeared first on investingnews.com

Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday night.

The company’s CEO, Anne Wojcicki, has resigned from her role as chief executive effective immediately, though she will remain a member of the board. Joseph Selsavage, 23andMe’s chief financial and accounting officer, will serve as interim CEO, according to a filing with the U.S. Securities and Exchange Commission.

“We have had many successes but I equally take accountability for the challenges we have today,” Wojcicki wrote in a post on X early Monday morning. “There is no doubt that the challenges faced by 23andMe through an evolving business model have been real, but my belief in the company and its future is unwavering.”

23andMe declined to comment further on the filing.

Anne Wojcicki speaks at the South by Southwest festival in 2023. Jordan Vonderhaar / Bloomberg via Getty Images file

The former billionaire co-founded 23andMe in 2006, and the company rocketed into the mainstream because of its at-home DNA testing kits that gave customers insight into their family histories and genetic profiles. The five-time CNBC Disruptor 50 company went public in 2021 via a merger with a special purpose acquisition company, which valued the company at around $3.5 billion at the time.

23andMe’s stock has mostly been in free fall in recent years as the company struggled to generate recurring revenue and stand up viable research and therapeutics businesses. As of Monday morning, the company has a market capitalization of around $25 million.

23andMe in Mountain View, Calif.Smith Collection / Getty Images

Last March, 23andMe’s independent directors formed a special committee to evaluate the company’s potential paths forward. Wojcicki submitted multiple proposals to take the company private, but all were rejected. The special committee “unanimously determined to reject” Wojcicki’s most recent proposal earlier this month.

If 23andMe’s plan to sell its assets through a Chapter 11 plan is approved by the court, the company will “actively solicit qualified bids” over a 45-day process. Wojcicki plans to pursue the company as an independent bidder, she said in her post on Monday.

23andMe has between $100 million and $500 million in estimated assets, as well as between $100 million and $500 million in estimated liabilities, according to the bankruptcy filing.

Beyond its financial woes, privacy concerns around 23andMe’s genetic database have swirled in recent years. In October 2023, hackers accessed the information of nearly 7 million customers. 

California Attorney General Rob Bonta on Friday issued a consumer alert urging residents to consider deleting their genetic data from 23andMe’s website.

23andMe said there will be no changes to the way that it stores, protects or manages customer data through the sale process, and it will continue operating business as usual.

“As I think about the future, I will continue to tirelessly advocate for customers to have choice and transparency with respect to their personal data, regardless of platform,” Wojcicki said.

This post appeared first on NBC NEWS

South Korea’s Constitutional Court struck down the impeachment of the country’s prime minister Han Duck-soo and restored his powers on Monday, the latest twist in a political saga that started when the President declared martial law last year.

The ruling comes as South Korea waits for the same court to decide whether it will impeach suspended President Yoon Suk Yeol, who declared martial law on December 3, plunging the US treaty ally and economic powerhouse into turmoil.

Yoon’s martial law declaration briefly banned political activity and sent troops to the heart of the nation’s democracy. Six hours later he reversed it, after lawmakers forced their way into parliament and voted unanimously to block it.

After Yoon was suspended by lawmakers on December 14, Han assumed the role of acting president for 13 days, during which he refused to appoint one of the three vacant seats in the Constitutional Court, leading the main opposition Democratic party to file an impeachment motion against him.

In the motion, the Democratic Party called his refusal to appoint justices “an act violating the duty of protecting the Constitution and seriously undermining the rule of law.”

It also held him responsible for refusing to pass a special investigation law into first lady Kim Keon-hee, plotting the martial law, and attempting to co-run state affairs with the ruling party before Yoon was suspended.

Only one of the eight judges voted to uphold the motion. In its statement the court said there was no evidence Han had sought to neutralize the constitution by failing to appoint judges and so should not be impeached.

The ruling reinstates Han to the position of acting President while Yoon’s court case continues.

Han told journalists after the ruling that he welcomed the court’s “wise” decision.

The court is yet to rule on whether Yoon should be impeached for his declaration of martial law, which he made in an unannounced television address, accusing the main opposition party of sympathizing with North Korea and of “anti-state activities.”

He cited a motion by the Democratic Party, which has a majority in parliament, to impeach top prosecutors and reject a government budget proposal.

Yet within just six hours, he was forced to back down, after lawmakers forced their way past soldiers into parliament to unanimously strike down the decree.

During his trial at the Constitutional Court last month, Han denied plotting martial law with Yoon. He claimed that he tried “to dissuade” Yoon during the short Cabinet meeting that was held just before Yoon announced the martial law.

This post appeared first on cnn.com

There were likely as many groans as laughs across Canada when comedian Mike Myers hovered over the hockey boards in a campaign ad with Prime Minister Mark Carney, his “elbows up” battle cry on display as the country of his birth takes on the country he calls home.

The Liberal Party ad played up many trite but true Canadian stereotypes and jokes that are not going to cut it during this sobering election campaign.

US President Donald Trump will obviously not be on the ballot in Canada – but how each candidate proposes to deal with him is. “Standing strong,” “elbows up,” these are mantras all Canadian politicians have adopted, but how they deal with Canadians’ expectations and an economy facing the threat of a trade war with its largest trading partner is the contest that will matter.

Since returning to the White House in January, Trump has repeatedly threatened to annex Canada and wreck its economy with tariffs, mockingly referring to the US’ northern neighbor as “the 51st state.”

Carney describes the danger posed by Trump as existential, saying at his campaign kickoff that the US president wants to “break us so America can own us.”

“I’m asking Canadians for a strong, positive mandate to deal with President Trump and to build a new Canadian economy that works for everyone because I know we need change, big change, positive change,” added Carney Sunday, as he began a five-week campaign that will end with a national vote on April 28.

His Conservative Party challenger, Pierre Poilievre, sounds near identical in his tone.

“I will insist the president recognize the independence and sovereignty of Canada, I will insist that he stop tariffing our nation, and at the same time I will strengthen our country so that we can be capable of standing on our own two feet and standing up to the Americans where and when necessary,” said Poilievre in his first campaign speech Sunday.

Poilievre and Carney’s parties are virtually tied heading into this campaign and how they calibrate their response to Trump for voters, many of whom are equally enraged and terrified by the US leader’s threats, will likely decide this election.

“We are over the shock of that betrayal, and it is a betrayal, but we should never forget the lessons,” Carney has repeatedly said in speeches without, so far, leveling with Canadians about what those lessons should be.

Canada’s economy is not in fighting shape. The “elbows up” slogan might get voters’ hearts racing, but Canadians need to roll up their sleeves if they’re to survive America’s economic blows.

For years economists have sounded the alarm over Canada’s low productivity, a key weakness that makes it even more vulnerable during a trade war.

Carolyn Rogers, a senior deputy governor at the Bank of Canada called it a “break the glass” emergency last year, adding that in the past four decades, Canadian productivity has fallen significantly, especially when compared to the United States.

“Labour productivity measures how much an economy produces per hour of work. Increasing productivity means finding ways for people to create more value during the time they’re at work,” she wrote, adding that it’s a way inoculate the economy against challenges like inflation.

A TD Economics report in May 2024 put it succinctly, observing that Canada’s economy has struggled to find ways to boost the productivity of workers.

Even for a former central banker like Carney, or a resource-booster like Poilievre, there is no quick fix. Canadians are in danger of a significant decline in their standard of living if they do not begin to mitigate the impact of a “decoupling” from the US.

The United Kingdom and Europe are going through a similar reckoning, and the leaders of Britain, France, and Germany have, if tentatively, opened a dialogue with their citizens making it clear that a detachment from the US may mean cuts to social programs, increased deficit financing or both.

It is unlikely that language will find its way into Canadian stump speeches over the next several weeks, but it ought to.

In just 10 days as prime minister, Carney has announced tax cuts to income, energy, and new homes. And increased spending for social programs like national dental care.

Poilievre has promised his own “bold and beautiful” tax cuts along with new spending on the military and funding new programs like subsidizing apprenticeships for workers in the trades.

“We will stare down this unprovoked threat with steely resolve because, be assured, Canadians are tough, we are hardy and we stand up for ourselves,” said Poilievre at a campaign stop on Sunday evening.

Even his attacks on the Liberal Party, accusing it of putting Canadians “under the thumb of the Americans,” is devoid of any prescription for fixing that.

Trump is a once in a lifetime foil for Canadian politicians, criticizing him and his policies is a campaign cudgel that is easy to land.

That may change on April 2, the day Trump has promised to impose reciprocal tariffs on all countries, including Canada.

With the potential for mass layoffs within days of that announcement and a further plunge in the value of the Canadian dollar and stock market, party leaders will need to drop the slogans when they raise those elbows and articulate a path forward.

This post appeared first on cnn.com

The first flight carrying Venezuelan migrants deported from the United States landed in Venezuela early Monday, after the two governments reached an agreement to resume repatriation flights.

Nearly 200 deportees were on the plane, which landed at an airport just north of capital Caracas.

Video of the arrival shows some deportees celebrating with their hands in the air as they walked down stairs on to the tarmac, where a heavy presence of security staff was stationed. Others made the sign of the cross as they disembarked.

The US Bureau of Western Hemisphere Affairs said the flight departed from the US and stopped in Honduras, where a change of planes took place.

“Today, deportation flights of Venezuelan illegal aliens to their homeland resumed via Honduras,” the department wrote on X.

“These individuals had no legal basis to remain in the United States. We expect to see a consistent flow of deportation flights to Venezuela going forward. Thank you to Honduran President Castro and her government for partnering to combat illegal immigration.”

Honduras’s Secretary of Foreign Affairs said 199 citizens of Venezuelan origin were on the flight. The transfer took three and a half hours and occurred “in an orderly and safe manner,” Enrique Reina said in a post on X.

Following the transfer the “Venezuelan-flagged vessel departed for the Bolivarian Republic of Venezuela,” said Reina.

Repatriations to Venezuela had stalled over the Trump administration’s decision in February to revoke a license allowing American oil company Chevron to carry out some operations in the South American country.

Venezuelan President Nicolás Maduro said at the time that the decision “affected” the flights to Venezuela, prompting the Trump administration to threaten further sanctions on the South American country.

The resumption of repatriation flights follows growing outrage in Venezuela over the US deporting 238 Venezuelans to El Salvador, who were then transferred to the notorious Cecot mega-prison.

Venezuela’s National Assembly President Jorge Rodríguez Gómez announced the agreement to resume repatriations in a statement on Saturday, two weeks after Venezuela had effectively paused repatriation flights from the US.

“Migration is not a crime, and we will not rest until we achieve the return of all those who need it and until we rescue our brothers and sisters kidnapped in El Salvador,” Rodríguez said Saturday.

Venezuela does not have diplomatic relations in the US. Flight tracking data suggests the deportees were transferred Sunday from a Texas charter flight – which landed at an airbase in Honduras that was previously used for migrant transfers – to a Caracas-bound plane.

The White House hasn’t commented on Sunday’s deportation flight.

Maduro on Wednesday ordered his government to increase the number of flights needed to repatriate Venezuelan migrants detained in the US.

This post appeared first on cnn.com