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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

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.

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.

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.

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.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (November 24) 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 (BTC) was priced at US$89,102.53, up 1.9 percent in 24 hours.

The cryptocurrency is up after last week’s rout, which saw over US$1.2 billion in spot Bitcoin exchange-traded fund (ETF) outflows, marking the third consecutive week with over US$1 billion in outflows, as per SoSoValue.

Bitcoin price performance, November 24, 2025.

Bitcoin price performance, November 24, 2025.

Chart via TradingView.

However, market sentiment remains cautious, with the Fear and Greed Index reading 12 at market close. Increased open interest and large short liquidations suggest potential volatility and possible rebound dynamics.

“In the short term, a rebound is highly likely, but if we fall again and lose the US$80,000 level, the probability of facing a much tougher period becomes significantly higher,” CryptoQuant said in a post on X.

Bitcoin’s relative strength index at 58.52 indicates moderately bullish momentum, but is still comfortably below overbought territory. A -0.005 funding rate shows traders are still somewhat bearish, although short liquidations may start to shift momentum upward. Economic data due later this week could lift markets higher if it reinforces expectations of an interest rate cut from the US Federal Reserve. Market odds for a December rate cut have risen recently, with many sources placing the probability at around 70 to 79 percent.

Meanwhile, ETH (ETH) was US$2,973.36, up by 5.1 percent in 24 hours. Liquidations of US$39.75 million, predominantly in short positions, may have fueled upward price pressure through a short squeeze.

Open interest rose 3.07 percent to US$35.93 billion, suggesting increasing trader engagement and speculative activity in Ether derivatives. A funding rate of zero reflects a balance between bullish and bearish sentiment among traders.

Altcoin price update

  • XRP (XRP) was priced at US$2.26, up by 9.2 percent over 24 hours.
  • Solana (SOL) was trading at US$138.82, up by 4.7 percent over 24 hours.

Today’s crypto news to know

Cardano chain split, Etherscan API outage highlight DeFi risks

Recent events in the crypto ecosystem have underscored the vulnerabilities and institutional challenges facing DeFi investors. On November 21, Cardano experienced an accidental chain split triggered by a malformed transaction, temporarily dividing the blockchain into two competing chains.

The disruption exposed weaknesses in network resilience and stake pool operations, causing lost block rewards and transaction irregularities in DeFi protocols dependent on Cardano’s network stability.

Then, Etherscan unexpectedly cut off API access to roughly 10 percent of its blockchains and networks. This sudden outage occurred during the DevConnect conference, impairing developers’ ability to manage smart contracts effectively, further revealing how dependent DeFi investors are on the reliability of ancillary infrastructure.

These events came amid growing tensions involving JPMorgan Chase (NYSE:JPM).

The banking giant has drawn ire from the crypto community for reportedly influencing MSCI to exclude digital asset treasury companies holding more than 50 percent of their assets in cryptocurrencies.

JPMorgan’s research warns that the exclusion could trigger forced selloffs potentially totaling up to US$8.8 billion, with Strategy (NASDAQ:MSTR) alone possibly facing US$2.8 billion in outflows.

The final decision will be announced on January 15 ,with changes taking effect in February.

The bank then upgraded ratings on Monday for Bitcoin-mining companies Cipher Mining (NASDAQ:CIFR) and CleanSpark (NASDAQ:CLSK) to overweight from neutral, citing strong momentum in high-performance computing partnerships and long-term cloud and colocation deals that improve revenue visibility.

JPMorgan’s stance highlights the institutional and regulatory tensions complicating the interface between traditional finance and the fast-evolving crypto ecosystem.

Franklin Templeton, Grayscale launch XRP ETFs

The Franklin XRP ETF (ARCA:XRPZ) and the Grayscale XRP Trust ETF (ARCA:GXRP) both launched on Monday, providing new regulated investment options for XRP exposure.

Investor response was prompt, with early trading volumes indicating strong demand and positive sentiment around XRP’s future prospects as reflected in the market’s reception to both ETFs.

Market watchers see this dual launch as a major step toward integrating crypto assets like XRP into traditional finance frameworks, enhancing liquidity and investor confidence.

Ray Youssef, CEO of peer-to-peer crypto app NoOnes, said a wave of altcoin ETF launches could bring a much-needed dose of optimism back into the market if investors interpret new listings as implicit regulatory approval.

“As market sentiment has been so underwhelming in recent times, the ETF season hitting the market at its current condition may be when they can make the most significant contribution to the digital asset economy this year.”

Youssef added that the launch of altcoin ETFs is creating a steady flow of capital into the digital asset market, providing a liquidity buffer. This momentum could lead to an end-of-year rally for altcoins.

Burry debuts newsletter after Scion shutdown

Michael Burry, best known for his prescient bet against the US housing market in 2008, has launched a paid Substack newsletter not long after closing his hedge fund, Scion Asset Management.

In his introductory post, Burry emphasizes that the move does not mark a retirement, but rather a shift toward writing without the regulatory constraints that accompany professional money management.

Priced at US$39 per month, the newsletter has quickly drawn more than 21,000 subscribers.

Early essays revisit his trading history during the dot-com era and outline why he views today’s artificial intelligence boom as a supply-glutted bubble primed for correction.

With Scion now closed, Burry says the newsletter will become his primary outlet for analysis as he continues to track what he views as speculative excess building across technology markets.

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.

This post appeared first on investingnews.com

Further to its announcement on 20 October 20251, Jindalee Lithium Limited (ASX: JLL, OTCQX: JNDAF) (Company) is pleased to advise the results of its Share Purchase Plan (SPP). The SPP closed for applications on 20 November 2025, and the Company has today completed the allocation and issuance of shares and options under the SPP, raising total proceeds of $1.5 million.

The SPP, which targeted to raise up to $1 Million, was met with strong demand and closed oversubscribed. In accordance with the SPP Offer Booklet2, the Board exercised its discretion to accept oversubscriptions, resulting in total proceeds of $1.5 million. To ensure a fair allocation, applications for amounts greater than $5,000 were scaled back on a pro-rata basis. Excess application monies will be refunded to applicants in line with the SPP terms2.

A total of 2,720,065 fully paid ordinary shares (Shares) were issued at $0.55 per Share. Eligible shareholders also received one (1) option for every one (1) Share allotted, exercisable at $0.825 and expiring 30 November 2028 (Option), for nil upfront consideration. Participants in the placement announced on 20 October 2025 will also receive Options on the same basis as SPP participants, to be issued subject to shareholder approval at the Company’s general meeting to be held on 10 December 2025.

Funds raised will be used to advance the McDermitt Lithium Project, including exploration drilling, metallurgical testwork, and working capital to progress the proposed United States special purpose acquisition company (SPAC) transaction3.

Commenting on the SPP, Ian Rodger, the Company’s Managing Director and CEO, said “We are grateful for the outstanding support from our shareholders. The strong response to the SPP reflects confidence in Jindalee and the strategic importance of the McDermitt Project. On behalf of the Board, we thank you for your continued support.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (November 24) 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 (BTC) was priced at US$89,102.53, up 1.9 percent in 24 hours.

Its price showed a short-term gain after last week’s rout, which saw over US$1.2 billion in spot Bitcoin exchange-traded fund (ETF) outflows, marking the third consecutive week with over US$1 billion in outflows, as per SoSoValue.

Bitcoin price performance, November 24, 2025.

Bitcoin price performance, November 24, 2025.

Chart via TradingView.

However, market sentiment remains cautious, with the Fear and Greed Index reading 12 at market close. Increased open interest and large short liquidations suggest potential volatility and possible rebound dynamics.

“In the short term, a rebound is highly likely, but if we fall again and lose the US$80,000 level, the probability of facing a much tougher period becomes significantly higher,” CryptoQuant said in a post on X.

Bitcoin’s relative strength index at 58.52 indicates a moderately bullish momentum, but is still comfortably below overbought territory. A -0.005 funding rate indicates traders are still somewhat bearish, but short liquidations may start to shift momentum upward. Economic data due later this week could uplift markets if it reinforces expectations of interest rate cuts. Market odds of an interest rate cut from the US Federal Rserve in December have risen recently, with many sources placing the probability around 70 to 79 percent.

Meanwhile, ETH (ETH) was US$2,973.36, up by 5.1 percent in 24 hours. Liquidations of US$39.75 million, predominantly in short positions, may have fueled upward price pressure through a short squeeze.

Open interest rose 3.07 percent to US$35.93 billion, suggesting increasing trader engagement and speculative activity in Ether derivatives. A funding rate of zero reflects a balance between bullish and bearish sentiment among traders at this moment.

Altcoin price update

  • XRP (XRP) was priced at US$2.26, up by 9.2 percent over 24 hours.
  • Solana (SOL) was trading at US$138.82, up by 4.7 percent over 24 hours.

Today’s crypto news to know

Cardano chain split, Etherscan API outage highlight DeFi risks

Recent events in the crypto ecosystem have underscored the vulnerabilities and institutional challenges facing DeFi investors. On Friday (November 21), Cardano experienced an accidental chain split triggered by a malformed transaction, temporarily dividing the blockchain into two competing chains.

The disruption exposed weaknesses in network resilience and stake pool operations, causing lost block rewards and transaction irregularities in DeFi protocols dependent on Cardano’s network stability.

Then, Etherscan unexpectedly cut off API access to roughly 10 percent of its blockchains and networks. This sudden outage occurred during the DevConnect conference, impairing developers’ ability to manage smart contracts effectively, further revealing how dependent DeFi investors are on the reliability of ancillary infrastructure.

These events came amid growing tensions involving JPMorgan Chase (NYSE:JPM).

The banking giant has drawn ire from the crypto community for reportedly influencing the MSCI to exclude digital asset treasury companies holding more than 50 percent of their assets in cryptocurrencies.

JPMorgan’s research warns that exclusion could trigger forced selloffs potentially totaling up to US$8.8 billion, with Strategy (NASDAQ:MSTR) alone possibly facing US$2.8 billion in outflows.

The final decision will be announced January 15 ,with changes taking effect in February.

The bank then upgraded ratings on Monday for Bitcoin-mining companies Cipher Mining (NASDAQ:CIFR) and CleanSpark (NASDAQ:CLSK) to overweight from neutral, citing strong momentum in high-performance computing partnerships and long-term cloud and colocation deals that improve revenue visibility.

JPMorgan’s stance highlights the institutional and regulatory tensions complicating the interface between traditional finance and the fast-evolving crypto ecosystem.

Franklin Templeton, Grayscale launch XRP ETFs

The Franklin XRP ETF (ARCA:XRPZ) and the Grayscale XRP Trust ETF (ARCA:GXRP) both launched on Monday, providing new regulated investment options for XRP exposure.

Investor response was prompt, with early trading volumes indicating strong demand and positive sentiment around XRP’s future prospects as reflected in the market’s reception to both ETFs.

Market watchers see this dual launch as a major step toward integrating crypto assets like XRP into traditional finance frameworks, enhancing liquidity and investor confidence.

Ray Youssef, CEO of peer-to-peer crypto app NoOnes, said a wave of altcoin ETF launches could bring a much-needed dose of optimism back into the market if investors interpret new listings as implicit regulatory approval.

“As market sentiment has been so underwhelming in recent times, the ETF season hitting the market at its current condition may be when they can make the most significant contribution to the digital asset economy this year.”

Youssef added that the launch of altcoin ETFs is creating a steady flow of capital into the digital asset market, providing a liquidity buffer. This momentum could lead to an end-of-year rally for altcoins.

Michael Burry debuts newsletter after Scion shutdown

Michael Burry, best known for his prescient bet against the US housing market in 2008, has launched a paid Substack newsletter not long after closing his hedge fund, Scion Asset Management.

In his introductory post, Burry emphasizes that the move does not mark a retirement, but rather a shift toward writing without the regulatory constraints that accompany professional money management.

Priced at US$39 per month, the newsletter has quickly drawn more than 21,000 subscribers.

Early essays revisit his trading history during the dot-com era and outline why he views today’s artificial intelligence boom as a supply-glutted bubble primed for correction.

With Scion now closed, Burry says the newsletter will become his primary outlet for analysis as he continues to track what he views as speculative excess building across technology markets.

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.

This post appeared first on investingnews.com

BHP (ASX:BHP,NYSE:BHP,LSE:BHP) confirmed in a Monday (November 24) statement that its merger discussions with Anglo American (LSE:AAL,OTCQX:NGLOY) have officially ended.

The discussions trace back to April 2024, when BHP made its first offer to Anglo to combine their copper assets.

Copper has become a prime focus for various major mining companies as they seek scale and efficiency in the face of tightening supply and the costly hunt for new deposits.

BHP’s 2024 pursuit yielded a total of three offers, the last of which Anglo rejected in May of that year.

At the time, Anglo said that the deal did not meet its expectations.

That rejection didn’t entirely dissuade BHP, which according to Bloomberg made a new advance on Anglo last week.

The news outlet describes the move as a ‘last-minute proposal’ that would have prevented Anglo’s planned merger with Canada’s Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK). The combined Anglo-Teck entity is projected to become the second largest listed copper-focused producer after BHP.

In its statement, BHP said it is now abandoning its Anglo bid for good:

“Whilst BHP continues to believe that a combination with Anglo American would have had strong strategic merits and created significant value for all stakeholders, BHP is confident in the highly compelling potential of its own organic growth strategy.’

According to media reports, BHP saw a deal with Anglo as a means to keep its dominance in copper.

“While it remains the world’s top producer, its lead is narrowing in the years ahead without significant new projects,” Reuters notes. The news outlet quotes Berenberg analysts, who believe the Anglo-Teck merger now looks more solid.

“A BHP bid for Anglo would have frustrated that deal, but with BHP now stepping away, it appears that the interloper risk for Anglo has materially reduced and the Anglo/Teck Resources deal is likely to go ahead, assuming approvals are received,’ the firm wrote. The deal is still awaiting approval under the Investment Canada Act.

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

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