admin – Page 51 – US Finance Insider

Crypto wallets are rapidly evolving from simple asset storage tools into sophisticated financial operating systems, increasingly serving as the primary interface for everyday financial activity on-chain.

That’s the central thesis of a new research report from Bitget Wallet. In it, the firm argues that as blockchain adoption matures, user behavior is shifting away from episodic, market-driven trading toward repeatable financial activities such as payments, savings and asset management, positioning the wallet at the center of a new financial era in 2026.

This structural shift sees wallets consolidating functions once spread across traditional exchanges, banks and standalone decentralized applications. Payments, trading, yield and privacy are now handled through a single, user-owned interface as cryptocurrencies begin to function more like everyday money.

This maturation is quantifiable: stablecoin on-chain transaction volume reached about US$33 trillion in 2025, with global stablecoin supply growing more than 50 percent to over US$300 billion. Furthermore, spending across major crypto card programs rose 525 percent year-on-year, underscoring a clear transition toward real-world financial use.

The BitGet Wallet report details eight structural trends defining this new phase of on-chain finance.

1. Payments expansion and invisible settlement

Stablecoins are evolving from a gray-zone asset into an invisible, programmable global settlement infrastructure, integrated into cross-border and local instant payment systems and card networks. Wallets function as multi-currency routing hubs, handling conversions and optimizing paths, increasingly using ‘PayFi’ models where held capital automatically earns on-chain yield during payment cycles.

2. The rise of agentic commerce

The artificial intelligence (AI) economy is moving toward machines as autonomous economic actors. Protocols like x402 enable AI agents to transact automatically for data and services by embedding stablecoin payments in HTTP requests.

As this shifts the security focus from know your customer to know your agent (KYA), wallets are becoming unified funding, risk control and KYA enforcement hubs for both people and their authorized agents.

3. Privacy as core infrastructure

Privacy is now essential for scalable on-chain finance. With the Ethereum Foundation prioritizing it, privacy must be built into the infrastructure. Wallets are emerging as the main privacy boundary, managing transactions and on-chain data access to balance trust, usability and compliance without revealing full balances or behaviors.

4. On-chain credit evolves from collateral to reputation

DeFi is shifting from overcollateralized lending to models based on behavioral trust. Continuous on-chain activity, including recurring payments and cash management, generates behavioral signals for dynamic risk assessment. Wallets can aggregate these cross-chain, time-based behaviors to create a behavioral credit layer, translating consistent activity into better permissions and reduced friction, thus building durable financial relationships.

5. Market rebalancing and RWA derivatives

Real-world assets (RWAs) are evolving past simple tokenization toward perpetual and synthetic exposure.

With regulatory clarity and a sizeable increase in tokenized RWA value, reaching US$37.7 billion in 2025, attention is shifting to trading. Synthetic RWA derivatives and perpetual decentralized exchanges (Perp DEXs) are emerging, facilitating price exposure to nearly any asset with a reliable feed, and turning wallets into cross-market portfolio allocation gateways.

6. Perp DEXs and wallet-native trading

Decentralized perpetual markets grew significantly in 2025, with monthly turnover surpassing US$1 trillion at times. This brought on-chain perpetuals close to 20 percent of centralized derivatives volume.

Wallets are increasingly becoming the main trading platform, integrating execution, context and portfolio management, replacing standalone trading venues.

7. Prediction markets as tradable information

Prediction markets have become key financial infrastructure, with annual volumes over US$40 billion.

They now convert real-world events, like sports or elections, into tradable probability signals containing asymmetric information. Wallets are transforming into event-driven financial interfaces, making it easier for users to express views and manage risk based on these outcomes.

8. Memecoins as an onboarding vector

Memecoins, despite driving new wallet downloads and trading, offer inconsistent liquidity.

As the market matures, wallets are adding advanced tools like address clustering and relationship analysis to help users better understand the emotion, momentum and capital flows of meme trading, aiming to convert speculative activity into sustainable financial behavior.

Investor takeaway

“Crypto is increasingly being used for everyday financial activity,” said Bitget Wallet CMO Jamie Elkaleh.

Elkaleh also noted that Bitget Wallet has embraced this shift, strategically aligning its product architecture around payments and cash management with its unified Pay hub that combines crypto cards, QR payments and bank transfers alongside yield and trading features.

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

This post appeared first on investingnews.com

Investing

Syntholene Energy Announces Co-Listing in the United States on OTCQB Market Under Symbol SYNTF

Co-Listing Expands U.S. Investor Access and Visibility in World’s Largest Aviation and Capital Markets

Syntholene Energy CORP (TSXV: ESAF,OTC:SYNTF) (OTCQB: SYNTF) (FSE: 3DD0) (‘Syntholene’ or the ‘Company’) announces that its common shares have been approved for quotation and have commenced trading on the OTCQB Venture Market in the United States under the trading symbol SYNTF. The OTCQB co-listing is intended to broaden the Company’s U.S. investor audience and increase visibility within the world’s largest aviation fuel, capital markets, and energy infrastructure ecosystem.

The OTCQB Venture Market, operated by OTC Markets Group Inc., is a recognized public market in the United States designed for early-stage and developing companies that meet verified reporting and compliance standards. The Company’s primary listing remains on the TSX Venture Exchange under the symbol ESAF.

‘Establishing a U.S. trading presence on the OTCQB is a strategically important step for Syntholene,’ stated Syntholene CEO Dan Sutton. ‘The United States represents the largest aviation market globally and a core center of capital formation for energy and infrastructure investment. Providing U.S. investors with direct access to our shares aligns our capital markets strategy with the jurisdictions driving both demand growth and project financing for synthetic fuels. We view this co-listing as a natural extension of our TSX Venture Exchange and Frankfurt listings, as well as an important foundation for long-term engagement with U.S. institutional, strategic, and retail investors.’

Syntholene believes the OTCQB quotation enhances the Company’s visibility and accessibility in the United States at a time when policy support for sustainable aviation fuel and synthetic fuels is accelerating. U.S. federal and state initiatives, including tax credits, grant programs, and offtake support mechanisms under the Inflation Reduction Act and related Department of Energy and Department of Transportation programs, are driving increased investment into next-generation fuel production infrastructure.

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company’s mission is to deliver the world’s first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene’s power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company’s upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
comms@syntholene.com
www.syntholene.com
+1 608-305-4835

Investor Relations
KIN Communications Inc.
604-684-6730
ESAF@kincommunications.com

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

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘expect’, ‘anticipate’, ‘aims’, ‘continue’, ‘estimate’, ‘objective’, ‘may’, ‘will’, ‘project’, ‘should’, ‘believe’, ‘plans’, ‘intends’ and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the development and intended benefits of the Company’s technology, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene’s ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282096

News Provided by TMX Newsfile via QuoteMedia

This post appeared first on investingnews.com

Investing

Homeland Nickel: Building a US-focused Nickel Portfolio

Homeland Nickel (TSXV:SHL,OTC: SRCGF) is a Canada-based mineral exploration company targeting critical metals, with a strategic focus on nickel laterite projects in southern Oregon, USA. Recognized as a critical mineral by the US government, nickel underpins Homeland Nickel’s strategy as the company advances assets in what it views as the only US region with the scale and geology capable of supporting a significant domestic nickel supply.

The company has built a portfolio of nine nickel laterite projects originally identified during exploration programs carried out between the 1950s and 1970s. The deposits occur as near-surface laterite lenses formed through the weathering of ultramafic rocks, allowing for efficient surface sampling and auger drilling to quickly delineate mineral resources. This geological setting enables Homeland Nickel to advance multiple projects in parallel while maintaining a cost-effective exploration approach.

Location map of the Cleopatra Nickel property

Alongside project consolidation and exploration, Homeland Nickel also holds a portfolio of mining equities in publicly listed companies. Management considers this portfolio a strategic asset that enhances financial flexibility and offers potential non-dilutive funding opportunities, supporting a disciplined capital allocation strategy as the company progresses its nickel assets through resource definition and technical evaluation.

Company Highlights

Controls nine nickel laterite projects in Southern Oregon — Cleopatra, Red Flat, Eight Dollar Mountain, Woodcock Mountain, Josephine Creek, Iron Mountain, Peavine Mountain, Rough & Ready and Free & Easy — representing the most comprehensive consolidation of historically identified US nickel laterite occurrences
Historic resources at Cleopatra (39.5 Mt @ 0.93 percent nickel) and Red Flat (18.8 Mt @ 0.84 percent nickel) provide an advanced starting point with significant expansion potential
At-surface nickel laterite mineralization supports rapid, low-cost exploration and resource definition compared to underground nickel sulfide projects
Strategic partnerships with Patriot Nickel (property option) and Brazilian Nickel (ore processing) support advancement toward development while limiting shareholder dilution
Maintains a portfolio of publicly traded mining equities, providing financial flexibility and optionality to support exploration and development programs

This Homeland Nickel profile is part of a paid investor education campaign.*

Click here to connect with Homeland Nickel (TSXV:SHL) to receive an Investor Presentation

This post appeared first on investingnews.com

Investing

Homeland Nickel

Investor Insight

Homeland Nickel combines a consolidated portfolio of nine at-surface nickel laterite projects in Southern Oregon with a strategic portfolio of mining equities, offering investors leveraged exposure to domestic US nickel development alongside balance-sheet flexibility and reduced dilution risk.

Overview

Homeland Nickel (TSXV:SHL,OTC:SRCGF) is a Canadian mineral exploration company focused on critical metals, with a primary emphasis on nickel laterite projects in Southern Oregon, USA. Nickel has been designated a critical mineral by the US government, and Homeland Nickel is advancing assets in what it considers the only region in the United States with the geological scale and characteristics required to support a meaningful domestic nickel supply.

The company has assembled a portfolio of nine nickel laterite projects that were originally identified during exploration campaigns conducted from the 1950s through the 1970s. These deposits occur as at-surface laterite lenses formed by the weathering of ultramafic rocks, enabling the use of surface sampling and auger drilling to rapidly define mineral resources. This geological setting allows Homeland Nickel to advance multiple projects efficiently while managing exploration costs.

In parallel with asset consolidation and exploration, Homeland Nickel maintains a portfolio of mining equities in publicly traded companies. Management views this portfolio as a strategic asset that provides additional financial flexibility and potential non-dilutive funding options, supporting a disciplined capital allocation strategy as the company advances its nickel projects through resource definition and technical studies.

Company Highlights

Controls nine nickel laterite projects in Southern Oregon — Cleopatra, Red Flat, Eight Dollar Mountain, Woodcock Mountain, Josephine Creek, Iron Mountain, Peavine Mountain, Rough & Ready and Free & Easy — representing the most comprehensive consolidation of historically identified US nickel laterite occurrences
Historic resources at Cleopatra (39.5 Mt @ 0.93 percent nickel) and Red Flat (18.8 Mt @ 0.84 percent nickel) provide an advanced starting point with significant expansion potential
At-surface nickel laterite mineralization supports rapid, low-cost exploration and resource definition compared to underground nickel sulfide projects
Strategic partnerships with Patriot Nickel (property option) and Brazilian Nickel (ore processing) support advancement toward development while limiting shareholder dilution
Maintains a portfolio of publicly traded mining equities, providing financial flexibility and optionality to support exploration and development programs

Key Projects

Cleopatra Project

The Cleopatra project is Homeland Nickel’s flagship asset and hosts a historical mineral resource of 39.5 Mt grading 0.93 percent nickel. Mineralization occurs at surface and has historically only been explored to shallow depths (about 12 feet), leaving the deposit open at depth and along strike.

Location map of the Cleopatra Nickel property

Cleopatra is one of two projects optioned to Patriot Nickel under a staged earn-in agreement that includes cash payments, exploration expenditures and advancement to pre-feasibility. Homeland Nickel remains the operator during the exploration phase, retains a 20 percent interest in the Cleopatra project and receives a 20 percent equity interest in Patriot.

Red Flat Project

The Red Flat project is located approximately 12 kilometres inland from Gold Beach, Oregon, and hosts a historical resource of 18.8 Mt grading 0.84 percent nickel. Historical trenching and drilling indicate thick laterite horizons with consistent nickel grades.

Red Flat is accessible via gravel road.

The project has received a Surface Use Determination from the US Forest Service approving a proposed sonic drilling program, subject to a National Environmental Policy Act review. Homeland Nickel plans to update the historical resource and evaluate potential expansion through additional drilling and sampling.

Eight Dollar Mountain Project

The Eight Dollar Mountain project lies within the same ultramafic geological belt as Cleopatra and Red Flat. Surface sampling has returned nickel values of up to 2.2 percent nickel, highlighting the project’s high-grade potential. The property consists of 115 mining claims covering an area of 2,376 acres.

Eight Dollar Mountain is included in the option agreement with Patriot Nickel, with work planned to support an initial mineral resource estimate.

Woodcock Mountain Project

The Woodcock Mountain project covers more than 900 acres and has been identified by the United States Geological Survey as hosting significant nickel laterite mineralization. Historical work has reported grades up to 1.5 percent nickel over 15 feet and values as high as 2.13 percent nickel along a three-kilometre trend.

The project is located outside withdrawn land areas, and Homeland Nickel plans to advance surface sampling and auger drilling to define an initial mineral resource.

Josephine Creek Project

The Josephine Creek project, adjacent to Woodcock Mountain, was staked based on historic nickel laterite exposures. Sampling completed in 2025 returned an average grade of 0.73 percent nickel, with 10 of 82 samples grading 1 percent nickel or higher. The property consists of 174 lode mining claims covering an area of 1,455 acres.

Josephine Creek was sampled by the company in 2025 with 74 samples over 22 individual mining claims returning an average of 0.75 percent nickel with 10 samples grading over 1 percent nickel. The property benefits from proximity to infrastructure and further work is planned in 2026 to support an initial resource estimate.

Rough and Ready

The most recently acquired property, Rough and Ready, has seen extensive surface sampling, auger hole drilling and pit excavations to expose good grade nickel laterite over a wide area. Homeland Nickel will review the extensive data acquired with this project and will sample all claims for nickel during a summer 2026 exploration program.

Iron Mountain, Peavine Mountain and Free & Easy Projects

Homeland Nickel has also staked nickel laterite claims at Iron Mountain, Peavine Mountain and Free & Easy, expanding its portfolio to a total of eight projects. These earlier-stage assets provide additional pipeline depth and optionality as the company advances its more mature projects.

Mining Equities Portfolio

In addition to its wholly owned exploration assets, Homeland Nickel holds a portfolio of publicly traded mining equities, including positions in Canada Nickel Company, Noble Mineral Exploration, Benton Resources, Vinland Lithium and Magna Terra Minerals. This portfolio provides financial flexibility and potential non-dilutive funding options, supporting the company’s exploration strategy while offering exposure to value creation beyond its own project pipeline.

Management Team

Stephen Balch — President, CEO and Director

Stephen Balch is an Ontario-registered geoscientist with over 40 years of experience in mineral exploration, including nearly three decades focused on nickel. His background spans nickel, copper and platinum-group element exploration across major mining jurisdictions, including experience with Inco Limited, FNX Mining, Noront and Voiseys Bay Nickel. He has more than 20 years of public company leadership experience as a CEO, president, technical consultant and director. In 2001, he joined Aeroquest Limited and helped develop the AeroTEM airborne geophysical system, and in 2019 co-founded Canada Nickel Company, where he currently serves as VP Exploration.

Ashley Nadon — Chief Financial Officer

Ashley Nadon is a chartered professional accountant with a BA in Economics and an MBA. She provides consulting and accounting services to private and public companies as the managing director of a chartered professional accounting firm. Nadon brings experience as a CFO of several reporting issuers and currently serves as CFO for Kermode Resources.

Errol Farr — Corporate Secretary

Errol Farr is a seasoned financial professional with more than 35 years of experience in financial management, reporting, business optimization and strategy development. He previously served as CFO of Anaconda Mining, and currently holds senior executive roles including CFO, COO and corporate secretary of Zonetail, CFO of Big Tree Carbon and CFO/corporate secretary of AFR NuVenture Resources, a mining exploration company with US projects.

Vance White — Director

Vance White has over five decades of experience in guiding mineral exploration companies. He has served as president, CEO and director of Noble Mineral Exploration since 2003 and has held director and officer positions with multiple public companies in the mining sector.

Michael Dehn — Director

Michael Dehn is a partner at Avanti Management and Consulting with more than 21 years in the mining industry. He has served as a director of publicly listed and private junior mining companies and is currently president and CEO of Temas Resources and United Lithium. He has been a director of the company’s predecessor since December 2020.

Birks Bovaird — Director

Birks Bovaird is chair of the board of Energy Fuels, a uranium and vanadium mining and development company, and serves as a director of Noble Mineral Exploration. His career has focused on corporate financial consulting and strategic planning, including serving as vice-president of corporate finance at a major Canadian accounting firm. He holds an ICD.D designation and is a graduate of the Canadian Director Education Program.

This post appeared first on investingnews.com

Business

Amazon slashes another 16,000 jobs

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm.

‘The reductions we are making today will impact approximately 16,000 roles across Amazon, and we’re again working hard to support everyone whose role is impacted,’ Beth Galetti, Amazon’s senior vice president of people experience and technology, said in a memo to employees.

‘That starts with offering most US-based employees 90 days to look for a new role internally,’ she said. Amazon will ‘continue hiring and investing in strategic areas and functions that are critical to our future.’

Galetti said the cuts would ‘strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy.’

In October, Amazon cut 14,000 jobs primarily at the corporate level. At the time, Galetti cited artificial intelligence as being the “most transformative technology we’ve seen since the internet.”

Amazon has 1.55 million employees worldwide, the company said in a filing last year.

It said Tuesday that it would close some of its Amazon Go and Amazon Fresh physical stores, planning to convert some into Whole Foods Market stores.

While AI was not explicitly cited in Wednesday’s note to Amazon workers, the cuts come as workers nationwide brace for the impact of artificial intelligence in a sluggish labor market.

Companies have started citing ‘efficiency’ as they pursue the implementation of AI.

On Monday, Goldman Sachs CEO David Solomon said that his firm’s headcount would be ‘more constrained in 2026’ as the company sees ‘opportunities for efficiency and we try to deploy those.’

On Tuesday, Pinterest said it would cut 15% of its workforce as it pivoted ‘resources to AI-focused roles and teams that drive AI adoption and execution.’

Last year, Microsoft said it was eliminating 9,000 jobs to improve efficiency. Target also cut 1,800 corporate jobs to reduce ‘complexity.’ Instagram and Facebook owner Meta Platforms also reduced its workforce by around 600 jobs as it shifted toward artificial intelligence.

At the same time, hiring nationwide is slowing and inflation remains elevated.

After three months of contraction last year, the U.S. economy added only 56,000 jobs in November and just 50,000 in December. Meanwhile, inflation remains at 2.7%, well above the Federal Reserve’s target of 2%.

This post appeared first on NBC NEWS

Politics

Capitol police arrest Rubio hearing disruptor; Republican senator says ‘off to jail’

The U.S. Capitol Police told Fox News Digital one person was arrested for disrupting Secretary of State Marco Rubio on Wednesday during his Senate Foreign Relations Committee hearing on Capitol Hill.

The individual was escorted from the hearing room at the Dirksen Senate Office Building as Rubio was about to deliver his opening statement about U.S. policy towards Venezuela.

‘All right, here we go … you know the drill, off to jail,’ Sen. Jim Risch, R-Idaho, said after a man in the audience got up and started yelling about a ‘war crime’ while holding a sign that said ‘Hands Off Venezuela.’

‘That’s a one-year ban from the committee. Anyone who is a persistent violator will be banned for three years. So, I don’t know whether the guy falls in that category, looks like it,’ added Risch, who is the chairman of the Senate Foreign Relations Committee. ‘I hope after three years he’ll find a more productive means of employment.’

‘Secretary Rubio, we have two hearings a week. You know, you seem to have a more robust following than most of our witnesses that come before us,’ Risch added.

‘There’ll be a couple more. Thank you for stopping the clock, but I appreciate it,’ Rubio responded.

The U.S. Capitol Police said the individual was arrested for demonstrating in a committee.

‘It is against the law to protest inside the congressional buildings,’ the U.S. Capitol Police told Fox News Digital.

Prior to the outburst, Risch thanked the audience for their attendance but also warned, ‘This is a public hearing. It is also the official business of the United States of America. And as a result of that, the committee has a zero-tolerance policy for interruptions or for attempts by anyone in the room to communicate with somebody up here or the witness.

‘So, as a result of that, if you do disrupt, you will be arrested. You’ll be banned for a year,’ he continued. ‘However, I’m told that we have some guests today who have completed their ban and are back with us again today. We hope you’ve had the time to think about your indiscretions and will behave yourself today. If you don’t, as a persistent violator, you’ll be banned for three years this time.’

This post appeared first on FOX NEWS

Politics

Trump taps Colin McDonald for newly-created role of assistant attorney general for fraud enforcement

President Donald Trump on Wednesday nominated federal prosecutor Colin McDonald to serve in the newly formed role of assistant attorney general for national fraud enforcement.

McDonald is currently serving as an associate deputy attorney general at the Department of Justice.

‘I am pleased to nominate Colin McDonald to serve as the first ever Assistant Attorney General for National FRAUD Enforcement, a new Division at the Department of Justice, which I created to catch and stop FRAUDSTERS that have been STEALING from the American People,’ Trump wrote on Truth Social.

‘My Administration has uncovered Fraud schemes in States like Minnesota and California, where these thieves have stolen Hundreds of Billions of Taxpayer Dollars,’ he continued.

Trump praised McDonald as a ‘very smart, tough and highly respected America First federal prosecutor who has successfully delivered justice in some of the most difficult and high-stakes cases our country has ever seen.’

‘Together, we will END THE FRAUD, and RESTORE INTEGRITY to our Federal Programs. Congratulations Colin — STOP THE SCAMS!’ the president wrote.

McDonald has been serving in the office of Deputy Attorney General Todd Blanche, who said McDonald was ‘instrumental’ in the federal government’s efforts to curb crime across the country.

‘Colin is a rockstar, who was instrumental in our team’s mission of Making America Safe Again,’ Blanche wrote on X. ‘He is a consummate prosecutor who loves God, family, and country and will serve the President and the American people well.’

Vice President JD Vance announced the new role and the creation of the National Fraud Enforcement Division at the Department of Justice during a White House press briefing earlier this month, as the administration seeks to pursue a crackdown on alleged systemic fraud in federal programs, including in Minnesota and California.

‘Colin McDonald is widely regarded as a thorough and highly competent attorney. He has an exceptional prosecutorial track record, which we look forward to seeing him put to use in his new role as Assistant Attorney General,’ Vance said at the time ahead of McDonald’s formal nomination.

This post appeared first on FOX NEWS

Politics

Gulf shipping operations grind to halt near Iran; US quietly prepares for possible strike: ‘Heightened risk’

Shipping in the Persian Gulf dipped sharply Wednesday as tensions with Iran intensified amid signs the U.S. was positioning military forces for a potential strike, according to maritime intelligence assessments.

The U.S. Navy’s USS Abraham Lincoln Carrier Strike Group entered the U.S. Central Command area of responsibility Monday, a U.S. official confirmed to Fox News Digital, as President Donald Trump continued to keep military options on the table.

‘At this stage, it remains ambiguous, and probably intentionally ambiguous, what the objectives and desired outcomes are of any U.S. military action,’ Ambrey Intelligence’s Robert Peters told Fox News Digital.

‘This means that there are a wider range of possibilities and retaliatory scenarios under consideration.

‘That said, there are five U.S.-flagged merchant vessels, tankers and cargo ships in the Gulf today — two transited the Strait of Hormuz earlier without any apparent issues — but those already in the Gulf and destined for the U.S. are at heightened risk,’ he added.

Trump, who earlier this week indicated ‘numerous’ calls were received from Iran, also posted about the situation on Truth Social Wednesday morning.

‘A massive Armada is heading to Iran. It is moving quickly, with great power, enthusiasm, and purpose. It is a larger fleet, headed by the great Aircraft Carrier Abraham Lincoln, than that sent to Venezuela,’ he wrote.

‘Like with Venezuela, it is ready, willing, and able to rapidly fulfill its mission, with speed and violence, if necessary. Hopefully Iran will quickly ‘Come to the Table’ and negotiate a fair and equitable deal — NO NUCLEAR WEAPONS — one that is good for all parties. Time is running out, it is truly of the essence! As I told Iran once before, MAKE A DEAL!’

The post came as the Human Rights Activists News Agency (HRANA) reported the death toll from nationwide protests in Iran has surpassed 6,200 since the outset Dec. 28.

The organization said nearly 17,100 more were under investigation with ‘a continuation of both scattered and mass arrests’ as internet restrictions continue.

Peters meanwhile, claimed that ‘shipping companies have been advised to reduce aggregate risk when operating in the Arabian/Persian Gulf.

‘This means limiting the number of ships that could be exposed to retaliatory action, and sometimes ships will await further instructions closer to their next port in the Gulf,’ he said. ‘At this point, it is more appropriate to wait further away in case of an escalation.’

Ali Shamkhani, an advisor to Iran’s Supreme Leader Ali Khamenei, warned Wednesday that any military action by the U.S. from any origin and at any level ‘will be regarded as the start of a war, and the response will be immediate, all-out, and unprecedented, targeting the heart of Tel Aviv and all those who support the aggressor,’ according to Iran International.

‘Our brave Armed Forces are prepared — with their fingers on the trigger — to immediately and powerfully respond to ANY aggression against our beloved land, air, and sea,’ Iran’s Foreign Minister Abbas Araghchi said in a post on X.

With tensions rising in the region, Peters described how shipowners may be approached by cargo charterers to load cargo in the Gulf.

‘Then they will make the decision to avoid the Gulf for the time being until the tensions reduce,’ Peters added. ‘Interestingly, last year the Iranians did not take retaliatory action in the maritime sphere. Israeli shipping was already avoiding the Gulf, and the U.S. military action was highly targeted at the nuclear capabilities.’

But Peters warned that the situation ‘may see something similar again. If there is a much broader, regime-destabilizing operation, the effects could be considerable for wider shipping.

‘During periods like this, we tend to see greater risk aversion and inquiries from those asked to pick up cargo for U.S. charterers and destined for the U.S.,’ he added.

This post appeared first on FOX NEWS

Politics

Senate Democrat fires back after VP Vance makes Forrest Gump comparison

Democratic Sen. Tammy Duckworth of Illinois fired back at Vice President JD Vance after he likened her sparring session with Secretary of State Marco Rubio during a Senate Foreign Relations Committee hearing about America’s Venezuela policy to an argument between the fictional character Forrest Gump and Isaac Newton.

‘Watching Tammy Duckworth obsessively interrupt Marco Rubio during this hearing is like watching Forest Gump argue with Isaac Newton,’ Vance quipped in a Wednesday post on X.

Duckworth responded, ‘Forrest Gump ran toward danger in Vietnam. Your boss ran to his podiatrist crying bone spurs. Petty insults at the expense of people with disabilities won’t change the fact that you’re risking troops’ lives to boost Chevron’s stock price. It’s my job to hold you accountable.’

Other Democrats also responded to Vance.

Democratic Rep. Shri Thanedar of Michigan shared Vance’s post and wrote, ‘Imagine watching Forrest Gump and your takeaway is to mock people with disabilities.’

‘That’s a U.S. Senator doing her job. This is a random troll tweeting at her,’ Illinois Gov. JB Pritzker wrote in a post on X.

‘Comparing @SenDuckworth to Forrest Gump is classless and disgraceful. She’s a veteran who lost her legs fighting for this country. If you had any honor, you’d take this post down. But you work for Trump, so clearly you have none,’ Democratic Rep. John Garamendi of California declared in a post.

Duckworth served in the Illinois Army National Guard and was deployed to Iraq in 2004, according to a biography on her Senate website, which notes that ‘On November 12, 2004, her helicopter was hit by an RPG and she lost her legs and partial use of her right arm.’

She noted in 2022 social media posts that an RPG ‘tore through the cockpit of the helicopter I was co-piloting. The blast cost me my legs, partial use of my right arm and nearly my life,’ she noted.

Vance added in another post, ‘Thank God we have a Secretary of State who knows his facts AND has the patience of Job. Great job, @SecRubio.’

This post appeared first on FOX NEWS

Politics

Former Rick Scott staffer jumps into crowded Florida primary for open House seat

A former staffer for Sen. Rick Scott, R-Fla., is launching his own congressional bid on Thursday, Fox News Digital has learned.

Republican Austin Rogers is formally jumping into the race for Florida’s 2nd Congressional District, a solidly Republican seat encompassing part of the Sunshine State’s panhandle. It’s currently being represented by Rep. Neal Dunn, R-Fla., who is retiring at the end of this year.

Rogers invoked both President Donald Trump and Scott in a statement announcing his candidacy in a testament to the district’s conservative lean.

‘As President Trump and Senator Scott have shown, strong leadership matters,’ Rogers said. ‘I was raised right here in the 2nd District, fishing these bays, hunting these woods, and competing on these fields. I was taught to love this country, respect hard work, and stand up for what’s right. I’ve seen firsthand how broken Washington is. Our nation needs more fighters who will fearlessly root out waste, fraud, and abuse in government.’

Rogers previously worked as general counsel for Scott’s Senate office, which he argued helped him learn ‘how Congress actually works.’

‘I have drafted legislation, conducted congressional hearings, and led investigations holding the left accountable,’ Rogers said.

Scott’s campaign team told Fox News Digital that he has no current plans to make an endorsement in the race, however.

Rogers’ statement notably did not mention Florida Gov. Ron DeSantis, another central Republican figure in the Sunshine State, despite the district including the capital city of Tallahassee.

Rogers, a father of two with a third child on the way, was born and raised in his district and moved back there with his wife after a brief stint in Washington, D.C.

Meanwhile, a crowded field is forming to replace Dunn, a surgeon and retired Army major who first won his seat in 2016.

Three Republicans and three Democrats have already filed to run for the district, with Rogers becoming the fourth GOP hopeful in the race.

Among the GOP candidates in the race is Evan Power, Florida’s Republican Party state chairman, and Keith Gross, a businessman who previously mounted a long-shot bid against Scott in 2024.

Dunn is part of a record number of House lawmakers announcing their departures from the lower chamber in the 119th Congress. Twenty-eight Republicans and 21 Democrats have announced retirements between this year and last year, more than during any other congressional term.

This post appeared first on FOX NEWS