Mustang Minerals said it will sell its wholly owned El Cobre copper-gold porphyry project in Mexico for US$1,500,000 in cash, pending TSXV regulatory approval. The company said the divestment is intended to focus resources on advancing its 2026 copper and gold exploration plans in Nevada, including the Red Ring, Confusion Hills and Pilot projects. El Cobre is a pre-production exploration asset with no historical production and no announced resources, and the sale does not involve changes to output, supply chains or broader industry supply-demand dynamics.

Fitch Ratings affirmed Indian Oil Corporation’s BBB- rating with a Stable outlook, while warning that FY27 EBITDA could fall 50%-60% as the Iran conflict lifts import costs. It expects FY28 earnings to rebound as crude prices move back toward mid-cycle levels and refining margins recover. The agency said IOC’s policy role and full state backing underpin its credit profile, and that the pressure stems from higher costs rather than a direct supply disruption, according to Fitch.

Elon Musk’s net worth has slipped back to $957 billion by Bloomberg’s measure after SpaceX shares tumbled, with the stock falling below $150 and more than $600 billion in value erased within three trading sessions. The pullback followed concerns over SpaceX’s plans for heavy investment in artificial intelligence infrastructure and a broader tech-market selloff. Tesla shares also fell around 5% this week after U.S. regulators opened a safety investigation into a fatal crash involving a Tesla Model 3 that was reportedly using an advanced driver assistance system. SpaceX and Tesla remain Musk’s two core assets, together accounting for nearly 90% of his wealth.

Strategy Inc. is drawing criticism for its aggressive Bitcoin accumulation, after CryptoQuant founder Ki Young Ju said the firm should halt large-scale BTC purchases to avoid worsening liquidity-sink risk. He argued the buying approach should shift from ad hoc entries to a model-driven framework, and proposed a disciplined plan for partial sales near cycle highs as risk management.

Litecoin (LTC) traded around $42.17, with discussion turning to its fourth reward halving due around July 27, 2027, when the block reward is set to fall 50% to 3.125 LTC. The asset has historically formed cycle lows months ahead of prior halvings, while LitVM has reported over 63 million testnet transactions since an April launch and more than 1.5 million new wallets in the past two weeks.

On June 24, Polymarket pricing showed the implied odds of the U.S. Clarity Act being signed into law in 2026 fell 24% in 24 hours to about 41% at press time. The market also dipped below its April 25 low even after the Senate Banking Committee advanced the bill 15–9 on May 14, as timing constraints and unresolved provisions continued to weigh on expectations.

Cryptoquant said Strategy Inc. (Nasdaq: MSTR) should pause bitcoin purchases and rebuild cash after dividend coverage slid from over seven years at the start of 2026 to about 14 months. The firm's annual dividend obligation rose from roughly $300 million to about $1.2 billion while cash reserves fell 38% in 2026, and STRC preferred shares have continued to trade below the $100 par value.

Whale activity around Ethereum picked up on June 23, when a wallet linked to a16z withdrew 25,560 ETH ($42.62 million) from Binance and Tom Lee's Bitmine bought 35,138 ETH ($58.65 million) via BitGo and Kraken. Sharplink also staked an additional 509 ETH this week, while ETH traded at $1,671.94, down 1.09% on the day and over 20% on the month. Despite $346.39 million of ETH ETF outflows in June and $540.88 million in May, supply distribution data shows the largest whale cohort continuing to accumulate.