Saturday's news in under 5 minutes.

We’ve rounded up all the news you need to know today, so you don’t have to go searching.

1. The latest on the Brexit vote.

Following the UK’s vote on Thursday to leave the European Union, British Prime Minister David Cameron has resigned. Meanwhile, economies around the world are feeling the fallout from the Brexit vote, with the Australian share market suffering a blow of at least $50 billion.

A summary of key Brexit developments so far:

• Cameron announced his resignation on Friday morning (London time), saying it would not be right for him to be the “captain of the ship” while the UK negotiated its exit, The Daily Mail reports. He will stay on for three months before leaving the leadership role, which he has held for six years.
• The European Union has told Britain to leave as “soon as possible” following the vote, ABC News reports.
• The pound fell more than 10 per cent on Thursday night. It was the pound’s worst day on record, according to Bloomberg.
• ABC News reports that around $50 billion in shares has been wiped out on the local market following the vote.
• The Australian dollar has plummeted against the US dollar, losing 3 per cent to 73.8 US cents.
• There are fears the blow to European unity could prompt further referendums. The leader of Scotland has raised the possibility of a new independence vote — and the possible dissolution of the United Kingdom — saying Scotland sees its future as part of the European Union, Fairfax Media reports.

Read more here about Cameron’s resignation here or read more about what the Brexit means here.

2. Cadets raped with broomsticks at Army school

Cadets at an Army school in Victoria were raped with broomsticks as a “prank”, the Royal Commission into sexual abuse within the Australian Defence Force has heard.

Victim David Sparreboom, who attended the Army Apprentices School in Balcolme in the 1970s, told the royal commission he was held down on the ground and raped with a broom handle as a student.

Mr Sparreboom, who joined the Army at age 16, said he reported the horrifying assault, but his complaint was dismissed.

“I (told a senior officer) something like, ‘People are getting broomsticks up the bum. I don’t know what I can do about it’,” Mr Sparreboom told the inquiry on Thursday.

“(He said) something like, ‘You are all young fellas and pranks will happen’.”

The commission follows the establishment of a task force in 2012 to deal with more than 2,000 historical complaints, news.com.au reports.

The hearing continues until July 1.

For suicide prevention support, call Lifeline on 13 11 14. Survivors of childhood sexual assault can call Bravehearts help line on 1800 272 831 or go to www.bravehearts.org.au.

3. Brisbane man sentenced after sending photos of his unborn child online

A Queensland man has been sentenced to five years in jail after being caught sending an ultrasound of his unborn child to an undercover FBI agent posing as a paedophile.

Ashley David Hill, 25, appeared in Brisbane district court on Friday. He was sentenced to five years for child sex abuse offences, with a non-parole period of two-and-a-half years, Guardian Australia reports.

Hill had pleaded guilty to five charges, including using a carriage service to access child sex abuse material.

4. Turnbull confirms MPs can ignore the result of a same-sex marriage plebiscite

Prime Minister Malcolm Turnbull says Coalition MPs will be free to ignore the result of the public vote on marriage equality after the national plebiscite.

Mr Turnbull said he would not bind his cabinet colleagues to vote according to the vote results when it came to legislative change. However, he does expect most MPs to accept the public's verdict, Fairfax Media reports.

The details of the proposed plebiscite have yet to be resolved but a vote is expected by the end of the year, Fairfax reports.

5. Roxy Jacenko’s husband jailed

Oliver Curtis, husband of PR guru Roxy Jacenko, has been jailed for a year for conspiracy to commit insider trading.

The 30-year-old, who used the proceeds of an illegal deal with a former friend to cash in on inside information, was sentenced him to a maximum of two years in jail.

He can be released after one year on a good behaviour bond, Fairfax Media reports.

6.Catholic schools urge parents not to vote Greens

Catholic school students in Victoria have been sent home with letters warning parents against voting for the Greens in the impending federal election.

The Catholic Education Commission of Victoria circulated the letter to schools in marginal seats, as well as seats where MPs are retiring and electorates where the Greens are hoping for a win, Fairfax Media reports.

Tens of thousands of students have been sent home with the letters.

7. Sanders confirms he will vote for Clinton

US Democratic presidential candidate Bernie Sanders says he will vote for Hillary Clinton, ABC News reports.

Asked if he would vote for presumptive Democratic presidential nominee Mrs Clinton in November, Mr Sanders told MSNBC television: "Yes. The issue right here is I'm going to do everything I can to defeat [Republican nominee] Donald Trump."

Mrs Clinton is the favourite to secure the party's nomination formally at next month's convention in Philadelphia.

However, until now Mr Sanders has not formally expressed an intention to vote for her.

8. Man charged with removing another man's testicle in a motel

An Australian man has been charged after allegedly removing another man’s testicle, Guardian Australia reports.

Police allege the unauthorised surgery took place in May, after a 52-year-old man placed an ad online seeking help with a health issue.

The accused responded to the ad, and the pair met at a NSW motel. There, a 56-year-old man -- who is not a doctor -- allegedly performed surgery to remove the other man's left testicle.

The patient subsequently visited hospital about complications caused by procedure, and authorities were called.

Searching the accused's home on Thursday, police discovered items including medical equipment and firearms.

The accused has been charged with assault occasioning grievous bodily harm, possessing a restricted substance and unsafely storing a firearm.

He will appear in court on 13 July.

9. Obama establishes Stonewall Monument

US President Barack Obama has established a new monument to the gay rights movement.

The national monument will be at New York’s Stonewall Inn, a gay bar and the site of a police raid and riots in 1969 that helped ignite the LGBT rights movement.

In a video released Friday, Obama said that movement “ultimately became an integral part of America.”

The video released by the White House declares: "I believe our national parks should reflect the full story of our country, the richness and diversity and uniquely American spirit that has always defined us. That we are stronger together. That out of many, we are one.”

Obama's confirmation of an official commemoration follows the mass shooting that killed 49 people at an Orlando gay nightclub earlier this month.

Vigils were held for two nights at Stonewall Inn, in New York's Greenwich Village, after that event.

What's making news in your world?