Galcon Contractors Helps Improve Access Across Melbourne Schools with Smart, Practical Upgrades

Melbourne-based Galcon Contractors was commissioned by the Department of Education to deliver concrete paths and compliant access ramps across multiple schools during holiday periods, improving safety, accessibility, and movement while minimising disruption.

Across Melbourne, schools are quietly improving how students and staff move through their grounds — with new access paths and ramps helping bring facilities in line with evolving safety and accessibility standards. Galcon Contractors, a Melbourne-based concreting firm, was recently engaged by the Department of Education to deliver a series of upgrades across multiple schools. These included the construction of concrete pathways and compliant access ramps, designed to support ease of movement and improve everyday usability.

The upgrades were delivered across multiple sites during school holiday periods, ensuring no disruption to school operations. Galcon’s civil-scale project experience and detailed scheduling capabilities made them a natural choice for coordinating the rollout.

With a growing reputation for delivering high-quality concreting solutions in the education, government, and commercial sectors, Galcon Contractors continues to support infrastructure that’s built to last — and built to serve.

About Galcon Contractors

Galcon Contractors is a Melbourne-based concreting company specialising in civil and commercial projects. Known for its project management capabilities and track record of successful delivery, Galcon partners with government, education, and private clients to build durable, functional, and accessible infrastructure.

This Press Release has also been published on VRITIMES

 

Crypto News Today! Market Plunges Amid Geopolitical Crisis, Trump Tariffs, and Massive Liquidations

The crypto market plunged over 7% amid escalating Israel-Iran conflict, renewed Trump tariff threats, and over $1.2B in liquidations. Bitcoin, Ethereum, and XRP led the selloff, while investors brace for further volatility driven by geopolitical risks, macro uncertainty, and massive options expiry.

The global cryptocurrency market suffered a severe blow on Friday, 13 June, with major digital assets plunging in response to a storm of negative catalysts, including geopolitical conflict, renewed U.S. trade tensions, macroeconomic concerns, and widespread liquidations.

Bitcoin, Ethereum, and XRP Lead the Drop

The price of Bitcoin (BTC) tumbled to an intraday low of $102,000, marking a 7% drop over the past 48 hours. Ethereum (ETH) and XRP followed suit, plummeting 10% and 7% respectively within the last 24 hours.

As of press time, Bitcoin had recovered slightly to trade around $104,155, while Ethereum was at $2,507 and XRP price at $2.11.

Overall, the global cryptocurrency market capitalization fell by over 7% in 24 hours to $3.3 trillion, according to CoinGlass data.

Israel-Iran Conflict Ignites Investor Fear

Markets were roiled early Friday by news that Israel launched a preemptive military strike on Iran, targeting strategic nuclear and military sites.

The attack reportedly resulted in significant casualties, including Iranian military leaders and civilians. Iranian officials have vowed a "harsh response," raising fears of a broader regional war.

Israeli Prime Minister Benjamin Netanyahu declared the beginning of Operation Rising Lion, aiming to dismantle Iran's nuclear capabilities. In response, Israel closed its main airport and raised national defenses to the highest level.

The White House swiftly issued a statement distancing the U.S. from the attack. Secretary of State Marco Rubio reiterated that the United States was not involved and that protecting American personnel in the region remains the top priority.

The geopolitical fallout immediately triggered a flight to safety: gold rose 0.75% to $3,428/oz, while crude oil spiked nearly 10% to $74 per barrel.

JPMorgan warned that oil could reach $120 if the conflict escalates, potentially pushing U.S. inflation back up to 5% from its recent 2.4% level.

Trump’s Tariff Threats Add to Market Volatility

Uncertainty deepened as former President Donald Trump signaled a return to protectionist trade policy. Trump announced plans to reintroduce sweeping tariffs aimed at pressuring U.S. trading partners, adding fuel to investor concerns.

While Treasury Secretary Scott Bessent hinted at a possible extension to the current 90-day tariff pause, markets reacted cautiously.

The fading optimism over a potential trade deal between the U.S. and China, combined with Trump’s demand for a 100 basis point Fed rate cut, compounded fears of macroeconomic instability, sending both traditional and digital markets into a tailspin.

$3.7 Billion in Options Expiry Sparks Liquidation Avalanche

One of the key technical drivers of Friday’s market crash was the expiry of over $3.7 billion in crypto options on Deribit. This includes 28,000 BTC options (worth over $3 billion) and 242,000 ETH options (worth $700 million).

The high volatility surrounding these expiries led to sharp position unwinding. BTC’s put-call ratio of 0.95 and Ethereum’s more bearish 1.20 reading reflected a shift in trader sentiment. The “max pain” points, $107,000 for BTC and $2,700 for ETH, indicated likely retracement levels.

CoinGlass data confirmed that crypto liquidations surged over 125% in one day, crossing $1.2 billion. An astonishing $930 million of long positions were wiped out in just 12 hours. The largest liquidation was a $201 million BTCUSDT order on Binance.

Over 247,000 traders were liquidated, with BTC and ETH accounting for the lion’s share of losses. Whales also contributed to the selloff, as seen with one notable wallet depositing 1,000 BTC (worth $106 million) to Binance after accumulating it at an average price of $18,665.

Support Levels Breached Across the Board

Bitcoin broke below its key support level at $106,000 and the June open, setting off a cascade of forced selling.

Ethereum mirrored this weakness, dropping below its $2,650 support. XRP also failed to hold above $2.20, despite positive sentiment stemming from Ripple’s ongoing legal resolution efforts with the U.S. SEC.

Solana (SOL) plunged 11% to $141, Dogecoin (DOGE) fell 2.5% to $0.19, and Binance Coin (BNB) slipped 4% to $597. Altcoins across the board suffered as the crypto market entered oversold territory, with the Relative Strength Index (RSI) dropping to 28.

Interestingly, despite the carnage, the Crypto Fear & Greed Index remained in the “Greed” zone at 54.

A "Bull Trap" or Start of a Deeper Correction?

Thursday’s market behavior now looks like a classic “bull trap.” Initially, crypto assets rallied following a surprisingly low U.S. CPI reading of 2.4%, but this optimism was swiftly replaced by fear amid cascading liquidations, geopolitical risk, and technical breakdowns.

Analysts say the market had already shown signs of weakening demand, especially for Bitcoin. According to CoinPanel’s Dr. Kirill Kretov, “Macroeconomic uncertainty is still high, and with thin liquidity, even moderate players can move prices significantly.”

What Comes Next? Analyst Outlooks

Despite current volatility, many experts maintain a bullish long-term view:

1. Bitcoin (BTC): Analysts forecast consolidation between $100,000–$120,000. Bitfinex projects $115,000 by early July, while Fundstrat’s Tom Lee suggests a year-end target between $150,000 and $250,000.

2. Ethereum (ETH): A summer rally could see ETH revisit $2,800–$3,000 levels, supported by rising institutional interest.

3. XRP: The June 16 SEC lawsuit outcome remains a key catalyst. A favorable verdict could ignite a rally above $2.50, while a negative ruling may push it toward $1.80 or lower.

4. Dogecoin (DOGE): Technical resistance at $0.25 remains a barrier. Without fresh momentum, a dip toward $0.15 is possible.

Conclusion: A Cautionary Turning Point

Friday’s meltdown was a sobering reminder of the fragility of risk assets in a high-volatility, high-uncertainty environment. Whether this marks the start of a broader downtrend or a temporary correction remains unclear.

What is certain, however, is that traders and investors alike are in for a turbulent ride ahead, as global tensions, U.S. politics, and market mechanics continue to collide.

As the world watches developments in the Middle East and the financial markets react, one thing is clear: the age of crypto is no stranger to chaos, and opportunity.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES 

[KnoWaterleak: Case Study] A Local Government with a population of 100k-200k in Japan

 

- Achieving 6× More Effective Leak Detection and 79% Cost Reduction -

Tokyo, Japan - June 12, 2025 - Tenchijin Inc., a space-tech innovator, announces the implementation of its "KnoWaterleak" solution in a Japanese local government. This digital transformation (DX) solution for water utilities leverages satellite dataleverages satellite data to support sustainable water infrastructure management and has significantly improved both leak detection efficiency and cost-effectiveness.  In municipalities with populations between 100,000 and 200,000, the solution achieved 6 times higher efficiency in leak detection and a 79% reduction in leakage survey costs.

Addressing Underground Infrastructure Challenges

Water infrastructure faces critical challenges due to aging underground pipelines that are difficult to assess from the surface. In Malaysia, water leakage is expected to cause RM4 billion in losses by 2030, with non-revenue water rates reaching critical levels in many states. The situation is worsening primarily due to aging infrastructure and insufficient maintenance. (Source: Malaysian Water Association) Both in Japan and globally, local governments face a critical challenge. In Japan, over 176,000 kilometers of water pipes installed during the 1960s economic boom are now past their 40-year service life.  Meanwhile, globally, aging infrastructure and constrained budgets are placing immense pressure on municipal resources. With replacement costs averaging 200 million yen per kilometer, this creates an unprecedented financial burden for local governments worldwide.

Breakthrough Results in Leak Detection and Cost Efficiency

1. Six-fold Increase in Leak Detection Efficiency

Traditional acoustic surveys detected an average of 0.7 leaks per 10 km of pipeline. With KnoWaterleak's technology integration, this increased to 4.2 leaks per 10km  - a six-fold improvement in detection efficiency.

2. Significant Cost Reduction in Leak Detection and Risk Assessment Surveys

Traditional survey costs averaged 25,000 MYR (860,000 JPY) per leak detection. The implementation of KnoWaterleak reduced this to approximately 5,200 MYR (180,000 JPY) per leak. Including both technology costs and acoustic surveys, this represents a 79% reduction in total survey expenses, enabling more effective utilization of limited budgets.

3. Precise Risk Assessment and Targeted Detection

• The system's risk assessment proved highly accurate, with 40% (50 locations) of all leaks identified in high-risk areas:

• E-rated areas (highest risk, shown in red) comprise only 3% of total area but contained 10% (12 locations) of discovered leaks

• D-rated areas (second highest risk, shown in orange) represent 17% of total area and contained 30% (38 locations) of leaks

• Combined, these high-risk areas (E and D ratings) representing just 20% of the total area yielded 40% (50 locations) of all leak detections. These results demonstrate the effectiveness of the system’s risk assessment and validate the prioritization strategy for high-risk zones. 

The implementation of KnoWaterleak represents a significant advancement in water infrastructure management, demonstrating that satellite technology can revolutionize traditional utility operations. The remarkable improvements in leak detection efficiency and cost reduction showcase the potential of space technology in solving earthbound challenges.With aging water infrastructure becoming a global concern, solutions like KnoWaterleak offer a scalable, data-driven approach to infrastructure maintenance. 

The system's proven ability to accurately identify high-risk areas while significantly reducing operational costs makes it a valuable tool for municipalities worldwide facing similar challenges.As water infrastructure continues to age globally, the need for innovative, cost-effective solutions becomes increasingly critical. Tenchijin's success in Japanese municipalities serves as a model for how space technology can be effectively applied to enhance infrastructure management and ensure sustainable water supply systems for future generations.

About Tenchijin Inc.

Tenchijin, Inc. is a space-tech innovator leveraging satellite data and AI to detect hidden water infrastructure risks, predict potential leaks, and drive more sustainable, efficient water management through space-derived insights. Our flagship product, KnoWaterleak, combines satellite technology with advanced AI algorithms to proactively identify and prevent costly infrastructure failures, enabling organizations to manage their water systems more sustainably.

About Tenchijin COMPASS KnoWaterleak:

KnoWaterleak is an innovative platform that harnesses satellite data and AI to predict and prevent water infrastructure risks. The system analyzes space-derived data to identify potential leaks within 100-meter square zones, providing unprecedented insights through a 5-level risk evaluation system.

Through continuous AI learning and data collection, the platform demonstrates efficiency in sustainable water management, reducing inspection costs by approximately 65% and saving 85% of time. This technology was recognized by Japan’s Ministry of Health, Labour and Welfare at the 7th Infrastructure Maintenance Grand Prize.

Special site for Tenchijin COMPASS KnoWaterleak: https://knowaterleak.space/

For inquiries regarding the expansion of Tenchijin COMPASS KnoWaterleak in Asia, please contact:

Asia Business Development Representative: asia-t@tenchijin.co.jp

■Company overview

Company name: Tenchijin, Inc.

E-Mail: pr@tenchijin.co.jp (Person in charge of communication: Kiki, Kurumi)

Address: Room 3, Ground Floor, Block 2330, Century Square, Jalan Usahawan, Off, Persiaran Multimedia, 63000, Cyberjaya, Selangor, Malaysia

Representative: Yasuhito Sakuraba, CEO

Business content: land evaluation consulting using satellite data

Site URL: tenchijin.co.jp/?hl=en

Linkedin: https://www.linkedin.com/company/tenchijin/

X: https://x.com/Tenchijin_en

This press release has also been published on VRITIMES

Strengthening Trust through Transparency: Happycash’s Ongoing Collaboration with CIC for Credit Reporting Compliance

 

In today’s fast-evolving digital lending landscape, transparency and accountability are more critical than ever. At Happycash, we believe that sustainable financial inclusion must be built on a foundation of trust and regulatory compliance. That’s why we are proud to highlight our ongoing and active collaboration with the Credit Information Corporation (CIC)—the Philippines’ central credit registry. As both a submitting entity and an accessing entity with the CIC, Happycash play a dual role in strengthening the credit information ecosystem.

Since our inception, Happycash has consistently reported loan data to CIC in accordance with established guidelines. This partnership reflects our commitment to building a responsible lending ecosystem that protects both borrowers and lenders. By sharing accurate and timely credit data, we help create a more robust financial infrastructure that empowers users while reducing systemic risks. As an accessing entity, we also leverage the CIC database to gain deeper insights into borrower creditworthiness, promoting responsible lending decisions and risk mitigation.

Why CIC Reporting Matters

As a government-mandated credit registry, CIC plays a vital role in enabling fair access to credit. When lenders like Happycash report to CIC:

Borrowers benefit from having a verifiable credit history, helping them unlock better financial opportunities in the future.Lenders gain deeper insights into borrowers' creditworthiness, promoting responsible decision-making and risk mitigation.The entire ecosystem benefits from reduced fraud, lower default rates, and enhanced financial stability.

Our Compliance Journey

Happycash has taken proactive steps to integrate CIC reporting into our operations:

Regular and timely submission of borrower credit data.Internal policies and staff training aligned with CIC standards.Continuous engagement with CIC for updates, clarifications, and audits to ensure full compliance.

We view credit reporting not just as a regulatory requirement, but as a responsibility to the people we serve. Our commitment extends beyond compliance—we aim to be a model for ethical, data-driven lending in the fintech sector.

Looking Ahead

As the Philippines continues to strengthen its credit information ecosystem, Happycash remains committed to supporting CIC’s mission and aligning our practices with the highest regulatory standards. We believe that transparency is key to building long-term relationships with our users and earning the trust of regulators, partners, and stakeholders.

About Yinshan Lending INC.

Happycash is a leading digital lending platform in the Philippines, providing fast, accessible, and secure financial services to underserved communities. Through innovation and responsible lending, we aim to empower Filipinos to take control of their financial future.