Lebanese president calls for Hezbollah to disarm
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Sydney Morning Herald
2 days ago
- Sydney Morning Herald
‘No conflicts of interest': Eric Trump eyes $570 million windfall from four-month-old company
Eric Trump's stake in a four-month-old Bitcoin mining venture could be worth $US367 million ($570 million) when it goes public in coming weeks. The second son of President Donald Trump holds a large stake in closely held American Bitcoin, which he co-founded in March. In a planned merger, his interest will be exchanged for about 367 million new shares of Nasdaq-listed Gryphon Digital Mining, according to a securities filing on Tuesday. Gryphon traded at about $US1 on Thursday. The combined company will be called American Bitcoin. The disclosure of the stake's size comes the same week that the president, a cryptocurrency sceptic-turned-cheerleader, issued recommendations to encourage the use of digital assets for a 'golden age of crypto.' Earlier this year, he ordered the establishment of a national Bitcoin stockpile. 'Neither the president nor his family have ever engaged, or will ever engage, in conflicts of interest,' Karoline Leavitt, the White House press secretary, said in a statement. Spokespeople for Eric Trump and Gryphon didn't respond to messages seeking comment A recent private sale of existing American Bitcoin stock implied the new shares are worth 25 cents apiece, the filing noted. That would peg Eric Trump's stake at $US92 million. American Bitcoin was formed in March by combining the mining computers owned by a Miami-based company, Hut 8 Corp, with a newly formed entity whose investors included Eric Trump and Donald Trump Jr. Securities filings don't show what they paid for their stakes. A spokesperson for Hut 8 declined to comment. Announcing the tie-up, Hut 8 said the deal would combine Hut 8's existing mining operations with 'Eric Trump's commercial acumen, capital markets expertise and commitment to the advancement of decentralised financial systems'. Eric Trump, who remains an executive at his father's real estate business and is involved with several other family ventures, is serving as 'chief strategy officer' of American Bitcoin. He has a three-year advisory agreement that doesn't come with compensation, the filing shows.
AU Financial Review
2 days ago
- AU Financial Review
Figma IPO ‘smashes open' IPO market for Canva
Investors in Canva say a hugely successful public listing for its smaller rival Figma has smashed open the initial public offering market, and set the scene for its long-awaited debut. Figma shares closed up 250 per cent at $US115.50 on Thursday [Friday AEDT,] after an initial price of $US33 on the New York Stock Exchange. The trading gave Figma the largest first-day pop in at least three decades for a US-traded company raising more than $US1 billion, according to data compiled by Bloomberg.
7NEWS
2 days ago
- 7NEWS
El Jannah mid-week special: Here's how to score 20 per cent off your menu favourites
If you're in the habit of buying lunch during the week instead of making and packing your own, the costs can add up quickly. But luckily, Aussies' favourite fast-food restaurant is serving up a mid-week deal that is too good to miss. El Jannah, known for its delicious Lebanese-style charcoal chicken and famous garlic sauce, is treating loyal customers to a rare 20 per cent off deal. Valid for use when placing an order through the El Jannah app or website, you could save a few dollars the next time you crave a plate of hot chips. All you have to do is use the code CHARCOALOH at checkout, and you'll automatically receive 20 per cent off. Perfect for your midweek motivation, simply add your favourite dishes to cart and take advantage of the discount when ordering El Jannah Monday to Wednesday. Known for their legendary chicken and crowd-favourite sauces, El Jannah's midweek discount is a game-changer for hungry Aussies. Offering a delicious 20 per cent off the Lebanese fast-food restaurant's classic dishes, you could save $10 off your order when purchasing through the app or website. Great for feasting with your colleagues or simply grabbing chicken on the go — this irresistible offer is a steal. 'The days I don't cook, I know ej is there,' one person wrote on Instagram. 'Favourite go-to place,' another added. 'Wow that chicken looks good,' a third commented.
