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UK Lists Australia as Potential Critical Minerals Partner

November 27, 2025 No Comments

The United Kingdom is looking at building bilateral critical minerals partnerships with various countries, including Australia.

On Tuesday (November 25), UK Industry Minister Chris McDonald was said to have mentioned a collaboration with Australia under the AUKUS defence pact, according to a news report by Reuters.

McDonald added that critical minerals were ‘very much’ part of that relationship because of their role in defence supply chains.

UK Critical Minerals Strategy

“This new, targeted Critical Minerals Strategy sets the UK’s long-term ambition for securing critical minerals and harnessing our competitive advantage in recycling and innovative midstream processing—the transformation of mined or recycled materials into refined or upgraded forms suitable for manufacturing,” the new Critical Minerals Strategy read, published on November 22.

Called Vision 2035, the strategy aims that no single country provides more than 60 percent of the UK’s supply of any one critical mineral.

It also targets that the UK meets 10 percent of its critical mineral needs from its own mines and 20 percent from recycling.

Key policy objectives of the strategy include optimising domestic production and building resilient UK and global supply networks.

‘Part of the strategy is our (Ministry of Defence) procurement plan as well, which includes stockpiling of critical minerals,’ McDonald told Reuters.

The UK laid out in its new Critical Minerals Strategy that measures could include stockpiling, including through procurement mechanisms, to align with the Ministry of Defence’s commitments to build resilience in critical mineral supplies for UK defence.

Under UK’s Defence Industrial Strategy 2025 sector plan, priority outcomes include, but are not limited to, making defence an engine for growth, backing US-based businesses and developing a resilient UK industrial base.

This is also where the partnership with Australia under the AUKUS defence pact lines up.

Why Australia?

Besides the AUKUS defence pact, Australia has become a significant topic in bilateral partnerships among nations following its rare earths deal with the US.

The US$8.5 billion deal, signed in mid-October, includes a US$1 billion investment from both the US and Australia over the next six months for initial projects.

Among the projects aiming to take advantage of the recent Australia–US deal is the Yangibana rare earths project owned by Wyloo Metals and Hastings Technology Metals Limited (ASX:HAS,OTC:HSRMF).

Following the US, Australia also signed a joint declaration of intent on critical minerals with Canada in early November.

The new agreement builds on the Australia-US rare earths deal and is between Australia’s Department of Industry, Science and Resources and the Department of Natural Resources of Canada.

It covers the establishment of a ministerial for critical minerals, project financing, policy alignment and regulation and information sharing.

In 2023, Australia also signed a statement of intent with the UK to strengthen cooperation on critical minerals.

“(The statement) further strengthens Australia’s resolve to develop our critical minerals sector to be a global supplier of the resources needed for clean-energy technology, such as batteries, electric vehicles, solar panels and wind turbines,” Minister for Resources and Northern Australia, Madeleine King said.

“We will work closely with the UK to build resilient, sustainable, and transparent supply chains for critical minerals, which help both the UK and Australia to lower emissions and achieve net zero commitments.”

King also travelled to the UK in the same year, calling it a “chance to outline” how Australia is partnering with industry and other countries to broaden global supply chains and boost investment in mining and processing key critical minerals.

Rare earths have been heavily spotlighted in October in Australia following China’s expansion of control over rare earth exports, a sector crucial to global tech and defense industries.

The October 10 announcement from the Ministry of Commerce adds five new elements —holmium, erbium, thulium, europium and ytterbium—along with key refining technologies to its export control list.

The new rules carry a global reach: any foreign company producing rare earth materials or magnets using Chinese-origin equipment or technology must now obtain an export license from Beijing.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

In Investing

Standard Uranium Receives Drill Permits and Initiates Ground Gravity Survey on the Corvo Uranium Project

November 27, 2025 No Comments

Standard Uranium Ltd. (TSXV: STND,OTC:STTDF) (OTCQB: STTDF) (FSE: 9SU0) (‘Standard Uranium’ or the ‘Company’) is pleased to announce exploration permits have been received for the Corvo Uranium Project (‘Corvo’, or the ‘Project’), currently under a three-year earn-in option agreement with Aventis Energy Inc. (CSE: AVE) (‘Aventis’). Work programs under the 18-month permit will include high-resolution geophysical surveys and the Company’s first drill program on the Project beginning in January 2026.

The Company contracted MWH Geo-Surveys (Canada) Ltd. (‘MWH‘) to complete an extensive 50 m x 200 m ground gravity survey covering more than 29 km of conductive strike length, which will aid in identifying density anomalies that may represent hydrothermal alteration systems coinciding with uranium fertile electromagnetic (‘EM‘) conductor trends. MWH mobilized to the Project on November 24, 2025, and the survey will comprise more than 5,000 individual gravity measurement stations.

Following completion of the gravity survey, a skid-assisted diamond drill program totalling approximately 3,000 metres is planned for winter 2026, which will mark the first drill program on the Project in more than 40 years. Drilling will target high-priority areas including the never-before-drilled Manhattan Showing and other newly-identified radioactive occurrences across the property. Outcrop grab samples collected earlier this year returned uranium assays reaching a maximum of 8.10% U₃O₈ at the Manhattan Showing¹.

‘The gravity survey now underway will further refine our target areas for drilling in Q1 2026,’ said Sean Hillacre, President & VP Exploration of Standard Uranium. ‘Layering the new density results with the EM data from the Xcite TDEM survey we completed earlier this year, in addition to the surficial geological information gathered during our prospecting program will provide multiple high-priority drill targets for our maiden drill campaign this winter.’

Cannot view this image? Visit: https://images.newsfilecorp.com/files/10633/276125_a04b05a71436f953_001.jpg

Figure 1. Regional map of the Corvo Project. The Project is located 60 km due east of Cameco’s McArthur River mine and 45 km northeast of Atha Energy’s Gemini Mineralized Zone (‘GMZ’).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10633/276125_a04b05a71436f953_001full.jpg

2025 Exploration Programs

Earlier this year, the Company contracted Axiom Exploration Group Ltd. in partnership with New Resolution Geophysics to carry out a helicopter-borne Xcite time domain electromagnetic and total field magnetic survey over the Corvo Project. The survey totalled approximately 1,380 line-kms with a traverse line spacing of 100 m and tie-line spacing of 1,000 m. The airborne TDEM survey outlines several kilometers of conductive anomalies and magnetic features in bedrock, effectively enhancing the resolution of more than 29 kilometres of conductive trends on the project.

Ongoing geophysical interpretation and modeling is being completed to integrate historical surveys with newly collected datasets, which will provide high-priority drill targets and significantly derisk the Project prior to modern drilling in 2026.

In July of 2025, Standard Uranium completed the Company’s first prospecting and mapping program on the project with the objective of ground-truth sampling historical uranium showings including the Manhattan Showing, which returned results up to 59,800 ppm uranium (total digestion)². The Company identified zones of off-scale^** radioactivity (>65,535 cps on a handheld RS-125 Super-Spec) and collected hand samples which returned results ranging from 0.72% to 8.10% U₃O₈¹, the highest grades ever reported on the project. New drill targets were developed based on previously undocumented radioactive showings, and an NI 43-101 technical report was filed on the project, highlighting high-grade surface mineralization at the Manhattan Showing³.

The Company believes the Project is highly prospective for the discovery of shallow, high-grade^* basement-hosted uranium mineralization akin to the Rabbit Lake deposit and the recently discovered Gemini Mineralized Zone. Located just outside the current margin of the Athabasca Basin, Corvo boasts shallow drill targets with bedrock under minimal cover of glacial till.

Qualified Person Statement

The scientific and technical information contained in this news release has been reviewed, verified, and approved by Sean Hillacre, P.Geo., President and VP Exploration of the Company and a ‘qualified person’ as defined in NI 43-101 – Standards of Disclosure for Mineral Projects.

Samples collected for analysis were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan for preparation, processing, and ICP-MS or ICP-OES multi-element analysis using total and partial digestion and boron by fusion. Radioactive samples were tested using the ICP1 uranium multi-element exploration package plus boron. All samples marked as radioactive upon arrival to the lab were also analyzed using the U₃O₈ assay (reported in wt.%). SRC is an ISO/IEC 17025:2005 and Standards Council of Canada certified analytical laboratory. Blanks, standard reference materials, and repeats were inserted into the sample stream at regular intervals in accordance with Standard Uranium’s quality assurance/quality control (QA/QC) protocols. All samples passed internal QA/QC protocols and the results presented in this release are deemed complete, reliable, and repeatable.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects. Any historical grab samples disclosed are selected samples and may not represent true underlying mineralization.

Natural gamma radiation from rocks reported in this news release was measured in counts per second (‘cps’) using a handheld RS-125 super-spectrometer and RS-120 super-scintillometer. Readers are cautioned that scintillometer readings are not uniformly or directly related to uranium grades of the rock sample measured and should be treated only as a preliminary indication of the presence of radioactive minerals. The RS-125 and RS-120 units supplied by Radiation Solutions Inc. (‘RSI’) have been calibrated on specially designed Test Pads by RSI. Standard Uranium maintains an internal QA/QC procedure for calibration and calculation of drift in radioactivity readings through three test pads containing known concentrations of radioactive minerals. Internal test pad radioactivity readings are known and regularly compared to readings measured by the handheld scintillometers for QA/QC purposes.

References

¹News Release: Standard Uranium Confirms High-Grade Uranium Mineralization up to 8.10% U₃O₈ at Surface on the Corvo Project, https://standarduranium.ca/news-releases/standard-uranium-confirms-high-grade-uranium-mineralization-at-surface-on-the-corvo-project/

² SMDI# 2052: https://mineraldeposits.saskatchewan.ca/Home/Viewdetails/2052 & Mineral Assessment Report MAW00047: Eagle Plains Resources Inc., 2011-2012

³ News Release: Standard Uranium Announces Filing of NI 43-101 Technical Report on the Corvo Uranium Project, Northern Saskatchewan, https://standarduranium.ca/news-releases/standard-uranium-announces-filing-of-ni-43-101-technical-report-on-the-corvo-uranium-project-northern-saskatchewan/

^*The Company considers uranium mineralization with concentrations greater than 1.0 wt% U₃O₈ to be ‘high-grade’.

^**The Company considers radioactivity readings greater than 65,535 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘off-scale’.

^***The Company considers radioactivity readings greater than 300 counts per second (cps) on a handheld RS-125 Super-Spectrometer to be ‘anomalous’.

About Standard Uranium (TSXV: STND,OTC:STTDF)

We find the fuel to power a clean energy future

Standard Uranium is a uranium exploration company and emerging project generator poised for discovery in the world’s richest uranium district. The Company holds interest in over 235,435 acres (95,277 hectares) in the world-class Athabasca Basin in Saskatchewan, Canada. Since its establishment, Standard Uranium has focused on the identification, acquisition, and exploration of Athabasca-style uranium targets with a view to discovery and future development.

Standard Uranium’s Davidson River Project, in the southwest part of the Athabasca Basin, Saskatchewan, comprises ten mineral claims over 30,737 hectares. Davidson River is highly prospective for basement-hosted uranium deposits due to its location along trend from recent high-grade uranium discoveries. However, owing to the large project size with multiple targets, it remains broadly under-tested by drilling. Recent intersections of wide, structurally deformed and strongly altered shear zones provide significant confidence in the exploration model and future success is expected.

Standard Uranium’s eastern Athabasca projects comprise over 43,185 hectares of prospective land holdings. The eastern basin projects are highly prospective for unconformity related and/or basement hosted uranium deposits based on historical uranium occurrences, recently identified geophysical anomalies, and location along trend from several high-grade uranium discoveries.

Standard Uranium’s Sun Dog project, in the northwest part of the Athabasca Basin, Saskatchewan, is comprised of nine mineral claims over 19,603 hectares. The Sun Dog project is highly prospective for basement and unconformity hosted uranium deposits yet remains largely untested by sufficient drilling despite its location proximal to uranium discoveries in the area.

For further information contact:

Jon Bey, Chief Executive Officer, and Chairman
Suite 3123, 595 Burrard Street
Vancouver, British Columbia, V7X 1J1

Tel: 1 (306) 850-6699
E-mail: info@standarduranium.ca

Cautionary Statement Regarding Forward-Looking Statements

This news release contains ‘forward-looking statements’ or ‘forward-looking information’ (collectively, ‘forward-looking statements’) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements are highlighted in the ‘Risks and Uncertainties’ in the Company’s management discussion and analysis for the fiscal year ended April 30, 2025.

Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: that the transaction with the Optionee will proceed as planned; the future price of uranium; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.

The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276125

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

In Latest News

How the White House turkey pardon became an American tradition

November 27, 2025 No Comments

President Donald Trump pardoned two turkeys Tuesday — Gobble and Waddle — as part of an annual tradition that has occurred at the White House for more than 35 years.

The Thanksgiving Turkey Pardoning is a ceremony originating from the National Thanksgiving Turkey Presentation dating back to the 1940s, when the National Turkey Federation would present the president with a live turkey for Thanksgiving.

President John F. Kennedy is often credited with pardoning the first turkey in 1963, when he said that he would ‘let this one grow.’ Although Kennedy didn’t use the word ‘pardon,’ the L.A. Times reported on the matter with the headline, ‘Turkey gets presidential pardon,’ according to an NBC News archive.

President Ronald Reagan also made a joke about pardoning that year’s turkey, Charlie, in response to a question from a reporter, according to the Ronald Reagan Presidential Library & Museum.

‘If they’d given me a different answer on Charlie and his future, I would have pardoned him,’ Reagan said in 1987.

However, the tradition was codified during George H.W. Bush’s administration, according to the White House Historical Association. Bush used the word pardon, and the tradition continued each year afterward.

‘But let me assure you, and this fine tom turkey, that he will not end up on anyone’s dinner table, not this guy — he’s presented a presidential pardon as of right now — and allow him to live out his days on a children’s farm not far from here,’ Bush said in 1989.

Gobble and Waddle clocked in at 50 pounds and 52 pounds each, and traveled from North Carolina to the Washington’s Willard InterContinental Hotel for the annual tradition. Following the pardoning, they will head to North Carolina State University’s Prestage Department of Poultry Science.

During the ceremony in the Rose Garden, Trump also took aim at former President Joe Biden, and said Biden used the autopen to pardon the 2024 turkeys, and as a result those pardons were ‘totally invalid.’

As a result, Trump quipped that he had pardoned those turkeys too, and said he ‘saved them in the nick of time.’

This post appeared first on FOX NEWS

In Economy

States Are Reaffirming Property Rights at the Racetrack

November 27, 2025 No Comments

It is important to celebrate victories for economic freedom as they emerge, even when they come in the most peculiar of places. One such place is the racing world.

In October, North Carolina Governor Josh Stein signed into law HB 926, called the “Right to Race” law. This new measure shields racetracks from noise-related nuisance lawsuits if the facility existed and was permitted before nearby properties were developed. This is an incredible win for economic freedom against NIMBYs demanding to silence roaring engines after making the decision to move next to a racetrack. North Carolina has definitively answered “no” to the question: Should those who knowingly move next to a racetrack be allowed to use the government to quiet it?

As areas around the country redevelop, with rural areas becoming suburbs and suburbs evolving into de facto metropolises, racetracks have found themselves the target of those moving into these newer developments. Racetracks that long predate the existence of these neighbors are facing legal action by the newcomers.

For example, in Tennessee, the Nashville Fairgrounds Speedway, which first opened in 1904, now faces opposition from residents as the track seeks to renovate in order to lure NASCAR racing back to the facility. Despite being there first, despite the track’s positive economic impact, many tracks find themselves without legal protection from the locals.

In response to this, some states have taken action. Over the summer, Iowa Governor Kim Reynolds enshrined HF 645, which protects racetracks, such as the famed Knoxville Raceway, from the constant threat of litigation from their neighbors, provided the track preexisted the neighboring property’s purchase or development.

Last month, North Carolina followed suit. Racing has been embedded in the state for almost a century, with tracks like Bowman Gray Stadium (1937), North Wilkesboro Speedway (1947), Hickory Motor Speedway (1951), and Charlotte Motor Speedway (1960) becoming renowned venues of racing around the world.

There is a long-held legal, philosophical, and economic position: first use establishes right. This is how we arrive at property rights, through homesteading. These rights secure not only possession, but also established and peaceful use. In interaction with property rights, we reach “coming to the nuisance.” In this common-law doctrine, you consent to the effects of an existing activity if you choose to move next to it. It is your choice of proximity that entails your acceptance of the conditions.

In “Law, Property Rights, and Air Pollution,” economist Murray Rothbard makes this point with the example of an airport. Prior use generates a legitimate easement-like claim in sound or emission. In the case of the airport, Rothbard writes, “The airport has already homesteaded X decibels worth of noise. By its prior claim, the airport now owns the right to emit X decibels into the surrounding area.”

This simple point illustrates the following: when an airport operates openly for years, it “homesteads” its noise. The sound waves become part of its legitimate use, and newcomers consent when moving next door. The same logic applies here to racetracks. Their races, the noise of the engines, do not violate anyone’s rights — they exercise, instead, preexisting ones. What seems like an abstract theory is expressed in clear statutes like those in North Carolina and Iowa.

These states are translating the principles of homesteading into positive law, at least in the defense of racing. In effect, they take what Rothbard described as a natural rights easement — earned through peaceful, longstanding use — and make it explicit law. What these laws help clarify is the difference between preferences and rights. When preferences override rights, this signals institutional instability — rights are negotiable. Nashville proves itself as a cautionary counterexample. Without statutory protection, the Fairgrounds Speedway is vulnerable to neighborhood pressures that could lead to the violation of the track owners’ rights.

With any luck, North Carolina and Iowa will not be outliers, but a broad legal correction. When courts and city councils prefer what might be called “aesthetic interventionism”, where neighbors’ preferences, not owners’ rights, dictate outcomes, this creates uncertainty regarding property rights, threatening the very foundation of a free economy. When property owners and entrepreneurs can rely on institutional stability, they can invest with confidence in the future. Without such confidence, the erosion of trust that it produces deters economic growth.

These “Right to Race” laws push back against this drift, restoring predictability to this segment of the market. These racetrack cases are only a small, visible example, but the same logic applies to other industries in various ways, such as nightlife ordinances and noise complaints for musicians. The order of homesteading matters, and these laws help preserve the space for voluntary exchange.

The sound of dozens of racecars flying around North Wilkesboro or Charlotte may not be music to everyone’s ears, but it represents something deeper than sport. It is the roar of property rights at work — the anchor of fairness, stability, and freedom. States like North Carolina and Iowa have protected not only racing, but the freedom that depends upon stable expectations.

Nashville’s ongoing fight, on the other hand, shows what happens without such clarity. When rights are negotiable, every market action becomes provisional. Economic freedom demands the simple rule that those who came, acted, and homesteaded first have property rights. Sometimes, that means protecting racetracks. Thank you, North Carolina and Iowa.

In Economy

Liberty Creates Abundance: How Free Markets Feed Families

November 27, 2025 No Comments

Thanksgiving draws people, regardless of race or creed, together around a table heavy with food and laughter. At its center sits a golden turkey, but it’s the sides (mashed potatoes, green beans, stuffing, and gravy) that spark the most excitement. American football murmurs from the television as plates and hands cross the table, passing dishes with the casual choreography of family life.

This is, in spirit, the very scene Frédéric Bastiat once imagined when he marveled at how Paris was fed each morning. “It staggers the imagination,” he wrote, “to comprehend the vast multiplicity of objects that must pass through its gates tomorrow… And yet all are sleeping peacefully at this moment.” No single mind coordinates the miracle and yet, it happens.

Thanksgiving is the modern version of Bastiat’s wonder. What we see is the feast itself: Mom and Nana pulling the turkey from the oven. The Department of Agriculture reports that roughly 46 million turkeys, about the population of Spain, are eaten every Thanksgiving. The extended family that arrives hours before the meal is ready is joined by 1.6 million people who travel on Thanksgiving. Dad and his child switch between American football and the Macy’s Thanksgiving Day Parade, joining the more than 100 million viewers who tune in each year, coordinated across satellites, networks, advertisers, and camera crews, so that the same spectacle can play out in millions of living rooms at once.

What remains unseen are the invisible threads of cooperation that make the Thanksgiving table possible. Long before the turkey reached the oven, farmers in Iowa, Nebraska, and Arkansas were raising it, relying on feed grown by other farmers and transported by rail from thousands of miles away. The green beans and sweet potatoes come from networks of growers, processors, and distributors whose work depends on forecasts, algorithms, and trade routes most of us never think about. Truck drivers cross state lines to deliver ingredients to logistics managers who ensure that shelves stay stocked. Every piece comes together until someone realizes the cranberry sauce is missing. Last-minute panic sets in, and a quick dash to the grocery store follows.

Today such a trip isn’t seen with wild wonder. But in 1989, during a policy shift called perestroika, or restructuring, the USSR sent a delegation to thaw relations with the United States. Alongside a tour of NASA’s Johnson Space Center in Texas, the foreign delegation made an unscheduled stop at a Randalls Supermarket. Among them was future Russian President Boris Yeltsin, who, astonished by the variety of foods, claimed, “Even the Politburo doesn’t have this choice. Not even Mr. Gorbachev.” The visit left Yeltsin at a loss for words: “I think we have committed a crime against our people by making their standard of living so incomparably lower than that of the Americans.”

Since its founding in 1917, the Soviet Union endured famine with grim regularity. The Volga famine of 1917–1922 claimed between five and seven million lives. A decade later, the Holodomor of 1932–1933 starved another five to eight million, and after World War II, the famine of 1946–1947 took roughly two million more. Each disaster was born not of nature but of policy: central planning, forced collectivization, and the state’s determination to control production.

By the 1990s, the pattern of scarcity persisted, mocking the propaganda that declared, “Life has become easier, comrades; life has become happier.” In April 1991, bread prices rose 300 percent, beef 400 percent, and milk 350 percent. Shortages grew so severe that Premier Mikhail Gorbachev appealed to the international community for humanitarian aid, with officials admitting that the USSR had “flung itself around the world, looking for aid and loans.”

Shipments of frozen chicken, nicknamed “Bush legs” after President George H. W. Bush, were flown in to feed the population. The image carried an irony history could not have scripted better: just decades earlier, at the height of the Cold War in the 1950s, Premier Nikita Khrushchev had thundered before Western diplomats, “About the capitalist states, it doesn’t depend on you whether or not we exist. If you don’t like us, don’t accept our invitations, and don’t invite us to come see you. Whether you like it or not, history is on our side. We will bury you.” Yet by the end of the century, the USSR that vowed to bury the West was surviving on American poultry—in other words, on capitalist chicken. The spiraling crisis soon escalated into nationwide strikes and protests demanding the end of the system itself. By Christmas Day, December 25, 1991, the Soviet Union dissolved, undone by the same command economy that had once promised to abolish hunger.

Even the most ardent bureaucrats, armed with vast tracts of farmland and central plans, could not guide the Soviet Union into prosperity, let alone feed its people. Yet the urge to direct, ration, and manage markets never disappears; it only changes its accent.

Today, in New York City, the beating heart of global finance, the temptation to fix the market endures. Mayor-elect Mahmood Mamdani has proposed government-run grocery stores as “a public option for produce,” arguing that too many New Yorkers find groceries out of reach. His plan would cost roughly $60 million, financed through higher corporate taxes at 11.5 percent and a new 2 percent levy on those earning over a million dollars a year. Despite the recent failure of a government-run grocery store in Kansas City, which left local taxpayers with a $750,000 bill, New York’s food culture already rests on some 13,000 independent bodegas: small, adaptive enterprises that thrive precisely because they respond to local needs. A state-run grocery network would not only crowd them out, but also make the city more vulnerable to the very shortages it hopes to prevent.

Thanksgiving is a yearly proof of concept for liberty: a society of free individuals coordinating better than any plan could dictate. From Moscow to New York, the lesson remains the same. The miracle of prosperity does not flow from ministries or mayors, but from the voluntary cooperation of ordinary people who produce, trade, and trust one another.

The Soviet Union collapsed because it tried to command what can only be discovered, the daily knowledge of millions working freely. New York, for all its wealth, risks forgetting that lesson each time it trades competition for control. The feast that fills our tables each November is more than a meal; it is civilization itself, renewed by freedom and gratitude. Each Thanksgiving feast reminds us that civilization’s greatest miracles are not decreed; they are cooked, carried, traded, and shared by free people every day.

In Investing

Crypto Market Update: Strategy Defends Balance Sheet Strength Amid Bitcoin Drawdown

November 27, 2025 No Comments

Here’s a quick recap of the crypto landscape for Wednesday (November 26) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ether price update

Bitcoin’s (BTC) price climbed from around US$87K to close at US$89,903.49 on Wednesday afternoon, a three percent increase in 24 hours.

Bitcoin price performance, November 26, 2025.

Chart via TradingView.

However, a 1.55 percent increase in open interest during the same four hour window suggests fresh buying interest, while a positive funding rate of 0.002 reflects modestly bullish market sentiment. A relative strength index of 62.56 for Bitcoin indicates that the asset is in moderately bullish territory but not yet overbought.

Despite optimism of a possible temporary reset, investors warn that a decisive break below US$80,000 could expose Bitcoin to a slide toward the US$69,000 to US$62,000 support range.

As analyst Ted Pillows wrote on X, “$BTC is facing a lot of resistance around the $88,000–$90,000 zone. If BTC doesn’t break above this level soon, expect a sweep of the lows again.”

“Notably, what makes this episode different from past crypto winters is the investor base. BTC is now held by ordinary investors in their mainstream portfolios. So many are treating it like any other high-beta risk asset,’ she said.

“This behavior means that current price action is more of a classic de-risking phase. Rate-cut expectations change quickly, so investors opt for assets they perceive as core ballast. Given that, the picture suggests a complementary reading rather than a simple “either/or.” Gold acts as the insurance that central banks are still actively adding. In turn, Bitcoin is the high-risk component that investors reduce first when volatility rises,’ added Chen.

Meanwhile, Ether (ETH) closed at US$3,025.84, a 3.1 percent increase in 24 hours. ETH also showed strong bullish momentum, with a 2.7 percent rise in open interest and liquidations predominantly on the short side, signaling a short squeeze; however, a positive funding rate of 0.008 underscores traders’ optimism.

Altcoin price update

XRP (XRP) was priced at US$2.22, up by one percent over 24 hours.

Solana (SOL) was trading at US$142.99, up by 3.9 percent over 24 hours.

Today’s crypto news to know

Strategy insists balance sheet holds firm

Strategy (NASDAQ:MSTR) reiterated that its balance sheet can withstand a deep Bitcoin drawdown, telling investors in a recent X post that its collateral coverage would remain at 2.0x even if Bitcoin dropped to US$25,000.

The company disclosed updated calculations showing that its convertible debt remains overcollateralized despite the stock’s 49 percent slide and the risk of an MSCI index removal next year.

With 649,870 BTC — worth roughly US$57 billion — the firm remains the largest corporate holder of Bitcoin globally. Strategy maintains that this overcollateralization gives it room to manage volatility and refinance maturities that run through 2032. Despite the reassurances, the company continues to face pressure from index committees and investors reevaluating the long-term role of a Bitcoin-heavy corporate treasury.

Recently, S&P Dow Jones Indices left Strategy off its latest round of S&P 500 additions, choosing to elevate SanDisk instead despite Strategy’s market capitalization placing it within the top tier of US public companies.

Strategy’s bid for inclusion has been complicated by its reliance on Bitcoin holdings, which some index members argue behaves more like an investment vehicle than a traditional operating company.

For its part, Strategy insists that its software business, alongside its Bitcoin strategy, qualifies it as an operating firm under the index rules. Chairman Michael Saylor pushed back against the characterization, stressing on X that Strategy is “not a fund, not a trust, and not a holding company.”

Japan approves major regulatory shift for crypto under FIEA

Japan’s Financial Services Agency has finalized plans to move digital assets under the Financial Instruments and Exchange Act, marking the country’s most sweeping crypto regulatory overhaul in years.

The shift reclassifies crypto assets as investment products and subjects issuers and exchanges to disclosure and conduct standards similar to those governing securities.

The changes affect over 13 million Japanese crypto accounts that collectively hold more than ¥5 trillion, prompting concerns from local exchanges about higher compliance burdens.

The FSA’s working group outlined new obligations, including clearer disclosure of token supply, governance structures, project risk assessments, and issuer responsibilities.

In addition, exchanges will also be required to maintain reserve funds to cover potential hacking incidents. Regulators plan to crack down on unregistered offshore platforms that continue marketing to Japanese users without approval.

The legislative package is expected to be submitted during the 2026 Diet session.

Bolivia to integrate crypto and stablecoins into financial system

In a historic move, the government of Bolivia is preparing to integrate cryptocurrencies and stablecoins, according to an announcement from the country’s economic minister, Jose Gabriel Espinoza.

“You can’t control crypto globally, so you have to recognize it and use it to your advantage,” Espinoza reportedly said, according to Reuters. With stablecoins like USDT already being used for cross-border payments and as a hedge against the local currency’s depreciation, banks will soon be allowed to custody crypto, as well as offer crypto-based savings accounts, credit cards, and loans.

Spain moves to hike taxes on Bitcoin, Ether

A Spanish parliamentary bloc has introduced new tax amendments that would significantly increase the burden on Bitcoin, Ether, and other non-financial-instrument crypto assets.

The proposal would shift gains from crypto into the general personal income tax base, which carries rates of up to 47 percent — far above the current 30 percent maximum applied to savings-based income.

Lawmakers also want corporate crypto gains taxed at 30 percent and are pushing for a nationwide “traffic light” risk label that would appear on trading platforms.

Tax specialists argue the reforms would be difficult to implement, with some calling the package legally unworkable and likely to generate administrative chaos. Investors are likewise already expressing concern after a recent case in which a trader was taxed 9 million euros on a transaction that produced no profit, highlighting flaws in current enforcement.

If enacted, analysts further warn that the new measures could accelerate capital flight from Spain’s retail crypto market.

Grayscale files to offer Zcash ETF

Grayscale submitted a Form S-3 registration statement to the US Securities and Exchange Commission on Wednesday, signaling the firm’s intention to convert its fund tied to Zcash into a spot exchange-traded fund.

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

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

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