Market Signal Briefing

Michael Saylor–inspired Bitcoin treasury firm Strategy is doubling down on its long-standing conviction in the world’s largest cryptocurrency, declaring in a recent tweet that it has “discovered something better than bitcoin… more bitcoin.” The remark comes at a turbulent moment for the crypto market, which has been under sustained pressure for more than a month following a major liquidation event in October. That sell-off erased billions in leveraged positions and triggered a sharp downturn that pushed Bitcoin toward its worst monthly performance since 2022.

Bitcoin has now dropped roughly 25% in November alone, marking its steepest monthly decline since June 2022, according to Bloomberg data. The downturn has hit Bitcoin exchange-traded fund investors as well, with prices sliding below $89,600 and leaving many holding collective losses. Meanwhile, several digital-asset treasury firms modeled after Saylor’s playbook are also reporting capital outflows as investor sentiment cools.

At press time, Bitcoin was trading at $87,087 after plunging to a monthly low of $80,524 on Nov. 21. The sell-off has pushed Strategy’s holdings closer to their cost basis, but the company insists its balance sheet remains strong. According to the firm, it maintains 5.9x assets relative to its convertible debt if Bitcoin retests its $74,000 average purchase price. Even in a deeper drawdown to $25,000, Strategy claims its asset-to-debt ratio would remain at 2.0x.

The company highlighted its track record of buying Bitcoin during downturns, pointing to its aggressive accumulation during the 2022 crypto winter, when Bitcoin traded nearly 50% below Strategy’s then–$30,000 cost basis. “What did we do? We bought more,” the firm reminded followers.

Despite repeated boom-and-bust cycles, Bitcoin loyalists remain unfazed, viewing reversals as part of the asset’s long-term trajectory. Strategy’s continued accumulation reinforces its belief that market turbulence often presents long-term opportunity—especially if the answer to volatility, in its view, is simply “more Bitcoin.”

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Ethereum tried to break through a key resistance level this week, only to be politely shown the door once more.

Summary

ETH has fallen by over 26% in November.
Large holders increased positions while smaller traders trimmed theirs, showing diverging strategies amid market uncertainty.
Whether the Fusaka network upgrade on December 3 propels the asset upward remains to be seen.

At last check, the asset is down over 26% for the month. See below.

Source: CoinGecko
The cryptocurrency flirted with its upper trading band, buoyed by fresh flows into Ethereum ETFs and some whale wallet shuffling, but the price couldn’t quite seal the deal.

What’s next for Ethereum?
Market analyst Ted Pillows summed it up: push above this level with steady volume, and Ethereum could soar; fail again, and the price might stay in a range.

Ethereum is also set to undergo its Fusaka network upgrade on December 3, a protocol update aimed at improving efficiency, security, and scalability. Traders are watching closely, recalling that the Pectra upgrade in May coincided with a 50% price surge.

While past upgrades have fueled bullish sentiment, analysts caution that a repeat gain is not guaranteed, as broader market conditions and investor behavior ultimately determine whether ETH will “pump” again.

Short-term technical indicators offered a glimmer of hope, with MACD and market histograms hinting at strength, but the stubborn resistance kept the party from really getting started.

Meanwhile, whales bulked up their holdings while smaller traders trimmed theirs, making it clear who’s playing poker and who’s folding. Investors and market watchers are now holding their breath, wondering if Ethereum finally breaks out or continues its polite, range-bound dance.

By

PYMNTS
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November 26, 2025

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The price of Bitcoin rose above $90,000 for the first time in about a week, recovering after a month-long selloff, Bloomberg reported Wednesday (Nov. 26).

Bitcoin exchange-traded funds (ETFs) also saw a turnaround, with inflows of $130 million on Tuesday (Nov. 25) after an outflow of $3.6 billion this month, according to the report.

The report attributed these gains and those of other digital assets as well as equities to investors’ growing expectations that the Federal Reserve will soon return to cutting interest rates.

Seeking Alpha also reported Wednesday that Bitcoin rose back above $90,000, adding that the cryptocurrency was still off 19% month over month and 5% year to date.

The report said that all the major Wall Street averages moved higher as new economic data was released and as speculation about rate cuts increased.

CoinDesk reported Wednesday that Bitcoin had risen about 12% since early Friday (Nov. 21), when it dropped to about $80,000.

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It was reported Oct. 10 that crypto prices plunged when President Donald Trump announced an added 100% tariff on China as well as export controls on software.

This led to what one observer called “the largest liquidation event in crypto history,” days after the price of Bitcoin hit a record $125,000.

It was reported Nov. 4 that the price of Bitcoin had been sliding downward for a few weeks at that point and that it was doing so amid investor concerns about steep artificial intelligence (AI) valuations.

Cryptocurrency draws many of the same investors as AI stocks, which means when one sector tumbles, it can hurt the other, the report said.

On Nov. 5, Citi analysts said flows into U.S. spot Bitcoin ETFs had slowed considerably in the preceding weeks, hindering what they called a crucial pillar of support for its positive outlook.

The analysts also pointed out that the number of large Bitcoin holders had waned while the smaller retail wallets kept rising, signaling that some long-term investors could be selling.

PYMNTS reported Tuesday (Nov. 25) that while market volatility had erased nearly all of Bitcoin’s gains this year, a wave of announcements from payment giants, wallet providers and eCommerce platforms suggested that the technical groundwork for everyday crypto spending was accelerating faster than ever.

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TLDR

Bitcoin price decline attributed to Trump’s faltering popularity.
Economist Paul Krugman calls Bitcoin a “Trump trade.”
Bitcoin struggled to maintain its value after Trump’s influence weakened.
Bitcoin’s volatility and lack of practical use cases criticized by Krugman.
Bitcoin’s current price is $90,348, down from $126,080.

Bitcoin’s price has recently declined, with some attributing it to the weakening political standing of President Donald Trump. Nobel-winning economist Paul Krugman argued that Trump’s faltering popularity has negatively impacted Bitcoin’s value. According to Krugman, Bitcoin’s price surge in the past years was primarily linked to Trump’s pro-crypto stance.

Trump’s Influence on Bitcoin Price Surge and Decline
Krugman explained that Bitcoin’s price had soared when Trump’s influence in American politics was at its peak. Bitcoin’s rise coincided with Trump’s support for the digital asset industry, which led to favorable policies for cryptocurrencies. However, as Trump’s polling numbers have dropped, Bitcoin’s price has fallen as well, Krugman argued.

He referred to Bitcoin as a “Trump trade,” where its price reflected the former president’s political strength. When Trump was in power, Bitcoin surged, as the cryptocurrency was seen as benefiting from his policies. However, the recent decline in Bitcoin’s price signals a shift, with Krugman suggesting that the digital currency is now losing momentum due to Trump’s weakening political power.

Krugman emphasized that Trump’s diminished influence makes it harder for him to promote crypto-friendly policies.

“A weakened Trump is less able to work his will on all fronts, including his efforts to promote crypto,” Krugman noted in his recent article.

This, he claims, has led to Bitcoin’s drop from its all-time high of $126,080 in October.

Bitcoin’s Lack of Practical Use Cases and Market Volatility
Krugman has long criticized Bitcoin, dismissing it as economically useless. He reiterated that Bitcoin has failed to establish any meaningful use cases.

“What is Bitcoin good for?” Krugman wrote. “It isn’t money that is, it isn’t a medium of exchange, something you can use to make payments.”

Krugman further criticized Bitcoin for its high volatility, comparing it to a tech stock rather than a stable asset. He noted that Bitcoin has been unable to function as a hedge against inflation or as a stable currency. Despite these critiques, Bitcoin remains the leading cryptocurrency.

As of now, Bitcoin’s price is approximately $90,348, down nearly 30% from its October high. Experts speculate the asset may be entering a bear market, though some traders remain optimistic. Myriad users in a prediction market are betting on a potential rise to $100,000 in the coming months, with a 70% likelihood.

The crypto market remains volatile, with Bitcoin facing challenges in finding a sustainable path forward. This has raised questions about its long-term stability, especially as its political and economic ties continue to shift.

Global banking giant JPMorgan has filed for a new leveraged product that allows investors to predict Bitcoin’s (BTC) future price and potentially earn uncapped gains. However, like every leveraged product, losses can get high if the price of the leading crypto dips. 

JPMorgan Proposes New Investment Options
The bank filed for new Bitcoin structure notes with the United States Securities and Exchange Commission (SEC), signalling incoming institutional interests. The products, if approved, will see investors earn on the price of Bitcoin by 2028, depending on its movements next year. 

Investors will bet on the price of Bitcoin through BlackRock’s spot BTC ETF, potentially offering uncapped returns. According to the filing, if the asset’s price meets the target by December 21, 2026, the bank calls the note. Payment will be set at least $160 per note, but could soar if the price isn’t reached. 

In that case, the notes will be uncalled until 2028, allowing investors to earn 1.5x return on Bitcoin gains. On the flip side, if the Bitcoin price drops by up to 40%, investors can suffer massive losses. 

“The notes are designed for investors who seek early exit prior to maturity at a premium if, on the Review Date, the closing price of one share of the iShares Bitcoin Trust ETF, which we refer to as the Fund, is at or above the Call Value. The date on which an automatic call may be initiated is December 21, 2026. The notes are also designed for investors who seek an uncapped return of 1.50 times any appreciation of the Fund at maturity, if the notes have not been automatically called,” the filing read. 

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Massive Bitcoin price projections might attract multiple investors to the offering after a stellar run in the first three quarters. The price of top crypto hit multiple all-time highs this year before plunging nearly 35% to $80K. 

These gains were heightened by Bitcoin products offered by institutional firms and inflows into spot ETFs in the United States. Bullish market trends led to speculation on the price in the next few years. However, the dip, which fueled billions in liquidation across the market, remains a major short-term setback for sentiment.

Bitcoin price regained slight momentum to $86,600 but now trades sideways while the wider industry market cap slipped below $3 trillion for the second time this week.

In a dramatic shift, large-scale bitcoin holders have ramped up their deposits to crypto exchanges, coinciding with a steep decline in bitcoin's price. This surge in activity, reported by data analytics firm CryptoQuant, highlights a growing trend among “crypto whales” to offload their assets amid fluctuating market conditions.

1 hour ago

A recent analysis shed light on another correlation between the world’s largest cryptocurrency and stablecoin by market capitalization.

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Blockchain analytics provider Glassnode reported a “strong negative correlation” between Bitcoin’s and USDt’s activity over the last two years.

In a Wednesday X post, Glassnode shared a comparison between Bitcoin’s (BTC) price and net flows of USDt (USDT) to exchanges starting in December 2023. According to the analysis, net outflows of USDT from exchanges coincided with increases in the price of BTC.

“During euphoric phases, USDT typically flows out at –$100M to –$200M/day as investors lock in profits,” said Glassnode. “At the $126K peak [in October], net outflows reached >$220M (30D-SMA); A clear profit-taking signal now easing as flows turn positive again.”

Source: GlassnodeAn analysis by Whale Alert in April revealed a distinct correlation between Bitcoin and USDt, with the stablecoin issuer typically minting during bull runs of the cryptocurrency and burning during corrections. The two digital assets remain the first and third largest tokens by market capitalization at about $1.8 trillion and $184 billion, respectively.

Stablecoins and Bitcoin adoption advance amid favorable US regulationIn July, the US government passed the GENIUS Act, a law establishing a regulatory framework for payment stablecoins. Tether CEO Paolo Ardoino said that USDt would comply with the law, but also announced in September that the platform would launch a new GENIUS-compliant dollar-pegged stablecoin, USAT.

The US government and several states in the country have also made efforts to stockpile Bitcoin as part of a strategic reserve. US President Donald Trump signed an executive order in March directing the creation of a digital asset reserve.

Still, reports suggested that the government had yet to enact the plan, which primarily relies on stockpiling seized crypto.

Magazine: Getting scammed for 100 Bitcoin led Sunny Lu to create VeChain

Journalist

Posted: November 27, 2025

Key Takeaways 
Why did Monad rally?
Whale leveraged longs pushed Open Interest to $178 million and lifted Derivatives Volume, signaling aggressive bullish positioning.

What could move MON next?
Overbought RSI and Sequential readings raise volatility risk, leaving $0.05 resistance and $0.033 support as key levels.

Monad extended its sharp post-mainnet rally after launching on the 24th of November.

MON jumped 51.2% to a $0.048 high before settling at $0.043 at press time. Its trading volume rose 85% to $1.22 billion, showing heavy activity after multiple exchange listings.

Whale futures demand exploded
Following multiple exchange listings, whales jumped into the market to accumulate Monad [MON] and take strategic positions. 

Significantly, whales showed increased appetite for future positions. According to Lookonchain, a whale opened a long position of 125.57 million MON valued at $5.14 million. 

The position produced over $2 million in floating profit after MON’s price spike. A second whale opened a 3× long on 171.68 million MON, worth $5.6 million, with $654k in unrealised gains, according to Onchain Lens.

On top of that, whale positioning caused a sharp Derivatives spike.

Open Interest jumped 59.51% to a new $178 million all-time high. Derivatives Volume surged 139% to $2.65 billion, confirming aggressive participation from large traders.

Source: CoinGlass

Heavy Futures demand, especially from whales, usually reflects strong bullish expectations. These leveraged entries create synthetic buying pressure that often leads retail flows.

Retail followed the momentum
In addition to Futures demand, Monad saw massive retail buying as traders jumped into the market to accumulate the altcoin.

According to CoinGlass, Spot Netflow turned negative after skyrocketing the previous day, reflecting a sudden shift in market sentiment. Thus, after the altcoin launched, most early investors began taking profits, driving Netflow to $7.7 million.

Source: CoinGlass

By contrast, Netflow flipped sharply on the 26th of November, dropping to -$2.44 million, indicating strong withdrawals as retail accumulated MON again. Exchange outflows usually compress available supply and support upward price pressure.

Momentum stretched into overbought levels
AMBCrypto’s review found Monad maintained momentum across both markets.

Sequential Pattern Strength hit 107, entering overbought territory. RSI touched 84 before easing to 79 at press time.

Source: TradingView

These elevated readings showed buyer dominance. They often signal trend continuation, but they also warn of volatility risk when markets become crowded with leveraged longs.

Even so, if whale Futures demand holds and retail maintains withdrawals, MON may reclaim $0.05 and attempt a higher push. But a liquidation cascade from overcrowded longs could drag MON toward $0.033.

PayPal has announced a cryptocurrency sweepstakes offering Bitcoin prizes to customers in the U.S., the company stated.

Summary

PayPal launches its first U.S. cryptocurrency sweepstakes.
Entry is tied to crypto transactions, with users earning one entry per transaction (up to 10 per week).
Promotion aims to boost crypto adoption, leveraging PayPal’s existing platform that supports six cryptocurrencies.

The promotion will award one top Bitcoin prize, five substantial Bitcoin prizes, and 162 smaller Bitcoin amounts to participants, according to the company’s announcement. Prizes will be distributed weekly through December 21.

Users receive one entry for each cryptocurrency transaction completed on the PayPal platform, with a maximum of 10 entries per week, the company said. Transactions involving the PYUSD stablecoin do not qualify for entries. U.S.-based customers may also enter without purchase by mail, according to the sweepstakes rules.

Winners will be notified by email and must respond within five business days, PayPal stated. Under U.S. law, prize recipients are responsible for applicable taxes and must report winnings to the Internal Revenue Service.

The promotion marks the first cryptocurrency giveaway launched by PayPal, according to industry observers. The company has positioned itself as an early adopter of digital asset services among major payment platforms, offering crypto features to its user base.

PayPal currently provides access to six cryptocurrencies through its platform: Bitcoin, Ether, Litecoin, Solana, Chainlink, and its proprietary PYUSD stablecoin. The selection is more limited than major cryptocurrency exchanges, primarily due to regulatory considerations, according to industry analysts.

The company’s existing infrastructure allows cryptocurrency to be used for purchases with millions of merchants, giving it an established position in the crypto payments sector.

PayPal’s cryptocurrency services are currently available for purchase in a limited number of countries, though the company has indicated plans to expand to additional markets. This represents a more restricted geographic footprint compared to competitors such as Coinbase, which operates in numerous countries globally.

Coinbase CEO Brian Armstrong has publicly stated that expanding stablecoin adoption as a mainstream payment method is a company priority.

Security experts caution that fraudulent Bitcoin giveaway schemes remain common in the cryptocurrency space. Phishing attacks, where scammers impersonate legitimate websites and services, continue to pose risks to users, according to cybersecurity professionals.

Industry analysts note that promotional campaigns can serve as tools for increasing cryptocurrency adoption by encouraging new users to establish digital wallets and learn about blockchain technology.

Although Japan only has 20k–40k active BTC addresses daily, its huge household wealth could flow in via ETFs and regulated funds.

Japan has officially finalized amendments to its crypto regulatory framework that have the potential to increase global Bitcoin demand.

The reforms aim to clarify custodial liability, stimulate institutional participation, and position the country as a safe haven for digital assets.

Reform Could Boost Bitcoin Demand
According to crypto research and education institution XWIN Research Japan, the Financial Services Agency (FSA) has completed its 2025 Working Group on crypto-asset reform, outlining a redesign of the country’s rules. Central to this effort is the transition from the Payment Services Act to the Financial Instruments and Exchange Act, which will provide stronger investor safeguarding.

Notably, the country’s on-chain activity remains limited, with only 20,000 to 40,000 unique active Bitcoin addresses each day compared with a global range of 450,000 to 800,000. This means that it only contributes a small share to global on-chain demand.

However, the report noted that this view is incomplete because Japan holds one of the largest pools of household wealth in the world, which, if allowed to participate through ETFs, regulated funds, or other institutional products, could see the country become a big source for new demand.

“With increased credibility and easier access for large asset managers, Japan may ultimately exert measurable upward pressure on Bitcoin’s long-term supply-demand dynamics,” wrote the market watchers.

Japan Tightens Crypto Rules
The Asian economic powerhouse’s new regulatory approach focuses on protecting investors, recognizing that crypto has become a mainstream investment even as fraud, unregistered platforms, and information gaps continue to grow.

The changes will introduce new measures, including clear disclosures, rules against unfair trading, explanations of issuer risks, stronger security, and closer supervision of business conduct. The FSA plans to take more action against unregistered overseas services and is considering creating a separate category for decentralized exchanges.

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It is also preparing rules that would require local digital asset exchanges to keep liability reserves to safeguard users from hacks and other operational problems, according to Nikkei. The agency will submit the amendments to parliament in 2026 and is also expected to classify cryptocurrencies as securities under the Financial Instruments and Exchange Act.

If approved, crypto platforms would face bans on insider trading, stricter custody audits, and wider disclosure requirements, bringing crypto rules closer to those applied to traditional financial firms.

These reforms are Japan’s first major step toward creating a transparent, secure, and institution-friendly crypto market. The announcement also comes weeks after reports that the FSA is considering allowing banks to hold and trade digital assets like Bitcoin.

CryptoQuant predicts that the steps being taken could put positive pressure on Bitcoin’s long-term supply and demand.

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This is a speculative report translated for non-specialists. The narrator is an investigator who arrived long after humans were gone. Everything described as measured relies on real Bitcoin mechanics: block intervals, difficulty/target, timestamp rules, and data available from block headers and the coinbase transaction.

We arrived on a silent planet. The last clocks still ticking were embedded in a ledger whose authors were gone.

REPORT START

Team: Survey Unit 3
Artifact: Global ledger (“Bitcoin”)
Technique: Lightweight chain analysis (headers + coinbase), mapped to solar time

MethodWe analyzed the digital artifact known as Bitcoin using what we identified as block headers (timestamp, target / “bits”, version) and each block’s coinbase transaction (height, output value, and tag text).

From our previous initial review we’ve constructed the following data points:

Fees were treated as: coinbase output − programmed subsidy (fees actually claimed by the miner).Timestamps were calibrated to the planet’s solar day and year and bounded by Bitcoin’s median-time-past (MTP) rule.Evidence of tip contention (stale blocks) was inferred from timing irregularities and MTP edge effects; where any stale-block archives survived on isolated nodes, they corroborated those periods.Difficulty retargets occurred every 2016 blocks with the actual_timespan clamped to 0.25×–4× of the two-week target, implying a per-epoch difficulty change bounded to at most 4× in either direction.Cessation of paymentsWe recorded ΔH (blocks before present) to be ≈ 86,000. Coinbase outputs were equal to the programmed subsidy, implying fees ≈ 0. Over that same interval, average block spacing settled near ~60–70 minutes with a long-segment mean of ~65 minutes.

Interpretation: Human-directed payments had ceased. Mechanical issuance continued.
Dating: 86,000 blocks × ~65 minutes ≈ ~10.6 years before our arrival.

Power-source timing signaturesPost-collapse block arrivals were not memoryless. Diurnal and seasonal cadence encoded the unattended power mix:

Daytime clusters with nighttime gaps repeated across low-latitude longitudes → unattended solar with degrading storage.Irregular multi-hour bursts punctuated by multi-day voids at mid-latitudes → wind that faulted during storms and wasn’t reset.Persistent overnight presence at a few longitudes → small hydro or geothermal operating islanded.We aligned repeated intraday timestamp clusters to local solar noon to estimate longitude bands of surviving sites. The strength of seasonal variation in block arrivals gave coarse latitude bands. Precise site coordinates were not recoverable.

Difficulty terraces (the fade, timed)Immediately after the hashrate shock, average block time jumped from ~10 minutes to hours. Because difficulty only retargets every 2016 blocks and each epoch’s change is bounded, the chain formed terraces, plateaus of near-constant average interval separated by discrete down-steps.

Representative sequence observed in the global ledger:

Terrace A: ~16–17 h/block for 2016 blocks → elapsed ~3.8 years.Terrace B: ~4.1 h/block for 2016 blocks → ~0.95 years.Terrace C: ~62–65 min/block for 2016 blocks → ~87–91 days.Terrace D: ~15–16 min/block for ~22 days, after which renewed hardware failures re-slowed the chain.Where residual hashrate was ≈1% of pre-event, Terrace A alone spanned ~3.8 years at ~16.7 h/block. At ≈0.1%, the same 2016-block epoch would have stretched to ~38 years at ~167 h/block, still within the protocol’s adjustment bound. One region’s cadence matched the ~16–17 h/block case.

How to read a terrace (worked calc):

Epoch length = 2016 blocks. If the observed interval on a plateau is 16.7 hours, elapsed time for that epoch ≈ 2016 × 16.7 h ≈ 3.84 years.

Network decay captured in the recordOnce accurate clocks vanished, miner timestamps drifted in coherent regional patterns. Bitcoin’s MTP rule limited abuse of timestamps (each new block had to be later than the median of the prior 11) but did not eliminate drift signatures.

Interval variance and clustered MTP-bounded timestamp advances revealed intermittent partitions and tip contention; when any link resumed (e.g., satellite, microwave), competing branches reconciled and only the winning branch remained canonical.

Without preserved stale-block archives, measured contention is a lower bound.

Maker marks that outlived their makersCoinbase tag strings (pool labels) and stable nonce/version fingerprints persisted for years after fee activity ended. Defaults were never changed once operators were gone, leaving software/hardware families identifiable in the record. (Coinbase tags are visible via the coinbase transaction; headers alone do not carry them.)

Dating key events (worked examples)“Payments ended.” Window where coinbase output = subsidy began at ΔH ≈ 86,000. Using the observed ~65 min/block: ~10.6 years before present.First post-shock retarget completed. The initial 2016-block reduction finished ~3.8 years after the hashrate collapse (plateau at ~16.7 h/block).Final detectable hydro cadence. The last night-heavy, near-constant signature ceased ~1.9 years before present; the prior seven spring seasons showed increasing multi-day outages consistent with intake clogging and flood damage.All conversions use observed segment averages, not the nominal 10-minute target.

Duration estimate (how long machines ran)Minimum confirmed: >10 years after economic activity ceased (from fee collapse to last hydro-like cadence).Plausible upper bound (regional): Multi-decadal operation at extremely low hashrate, where a single 2016-block epoch spans decades due to the adjustment bound.The only requirements were: (a) at least one surviving power source and (b) an intermittent path for some blocks to reach the global network.

Summary reportUltimately, the ledger shows when payments stopped, how energy tapered, how networks frayed, and how long unattended machines kept writing time, enough to reconstruct the end of activity from headers and coinbase alone.

END OF REPORT

What readers should take from thisBitcoin behaves like an instrument. Difficulty rules and timestamp constraints transduce physical reality, power availability, operator absence, and network partitions into a durable time series.Physical failure, not price, ended the write. Dust, clogged screens, tripped breakers, drifting clocks, broken links.These forensics apply today. Block spacing, fee pressure (via coinbase delta), timestamp drift, and retarget dynamics are actionable diagnostics for present-day outages and partitions.LimitsLongitude bands were estimable; precise sites were not. Latitude was inferred only coarsely from seasonality strength.Fully isolated “shadow mining” may have produced blocks that never reached the global ledger.Without preserved stale-block archives, contention estimates are lower bounds; some races leave no canonical trace.Once synchronized time sources failed, MTP primarily preserved relative ordering, not accurate civil time; long-range calendar dates carry additional uncertainty even when intraday/seasonal structure is clear.In very low-hashrate regimes dominated by a single surviving operator, timestamps could be marched within MTP limits, partially masking diurnal signatures; cross-checks with nonce patterns and coinbase tags mitigate but do not eliminate this.Most OP_RETURN payloads were not decodable at scale and were not interpreted.

Cardano Co-Founder Charles Hoskinson has called for end macro-driven market crashes – Cardano price predictions could finally flip bullish.

A federal judge on Wednesday granted Amazon.com a preliminary injunction to block the New York State Public Employment Relations Board from enforcing a new state law that the online retailer considers an attempt to illegally regulate private-sector labor relations.

November 26, 2025 5:24 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 26, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Primo Water Corporation (NYSE: PRMW) between June 17, 2024 and November 8, 2024, both dates inclusive, and/or (ii) purchasers of common stock of Primo Brands Corporation (NYSE: PRMB) between November 11, 2024 and November 6, 2025 (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Primo Brands securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Primo Brands class action, go to https://rosenlegal.com/submit-form/?case_id=47890 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Primo Brands formed following the November 8, 2024 merger between Primo Water and BlueTriton Brands, is a branded beverage company that offers beverage products across a variety of formats, channels, and price points. According to the lawsuit, throughout the Class Period, defendants misrepresented and failed to disclose key facts about the merger between Primo Water and BlueTriton Brands, including facts regarding the progress of the merger integration. Defendants issued a series of materially false and misleading statements that led investors to believe the merger would accelerate growth, generate transformative operational efficiencies, achieve meaningful synergies, and deliver strong financial results, and that the merger integration was proceeding "flawlessly." When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Primo Brands class action, go to https://rosenlegal.com/submit-form/?case_id=47890 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276076

Retail Bitcoin traders are discovering that crypto volatility doesn’t just affect their portfolios—it’s wreaking havoc on their sleep schedules.

Summary

68% of retail Bitcoin traders check prices in bed nearly every night, with 81% losing sleep waiting for market moves or favorable trading conditions.
Nearly 60% cite Fear of Missing Out as the main driver of sleepless nights, while 70% admit tiredness leads to poor trading decisions.
Market swings peak between 18:00 and 06:00 UTC, overlapping with prime sleep hours in Europe, the Middle East, and Africa.

According to a new survey from exchange CEX.io, “HODL” now doubles as a bedtime mantra. Up to 68% of respondents checking prices after crawling into bed nearly every night.

Only 8% reported never doing so, proving that deep sleep may be overrated in the age of digital gold.

The survey found that nearly 70% of traders blame sleep deprivation for execution errors and questionable trades, while more than half reported staying up until at least 2 a.m. to track market movements. A daring 33% admit to sleepless nights stretching past 4 a.m.—a true test of human endurance fueled by FOMO rather than fear of liquidation.

During bull markets, 64% enjoy better sleep, but in a bear market, only 10% can manage a wink, suggesting that Bitcoin-induced (BTC) nightmares may be a feature, not a bug.

CEX.io also notes that market volatility tends to spike overnight, when U.S. liquidity providers log off and smaller trades trigger larger price swings.

Trend not US exclusive
For traders in Europe, the Middle East, and Africa, this nocturnal chaos coincides with prime sleep hours, forcing a cruel trade-off between rest and risk management.

Bitcoin recently staged a rebound after a sharp drawdown, but for many traders, the real recovery will come only after a full night of uninterrupted sleep—whenever that happens.

Companies

Crypto ETF Expansion: Franklin Templeton Includes XRP, Solana, Dogecoin Amid $500 SOL Outlook

TL;DR The Franklin Crypto Index ETF will add XRP, Solana, Dogecoin, Cardano, Stellar Lumens, and Chainlink starting December 1, 2025. The change is under new

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Wormhole’s Sunrise Rolls Out Solana Listings as MON Trading Activates

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Deepening Sell-Off Puts Solana Investors Under Heavy Pressure

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Pump.fun Faces Scrutiny After $436.5M USDC Outflow Sparks Cash‑Out Fears

Pump.fun, the Solana-based meme coin launch platform, has been linked to a reported outflow of $436.5 million in USDC, according to on-chain data shared this

CryptoCurrency News

Solana and XRP ETFs Buck Downtrend — Signs of an ETF Altseason Ahead?

TL;DR Solana and XRP ETFs have attracted nearly $900 million in combined inflows despite ongoing market declines. Solana ETFs account for $500 million of net

Solana News

Solana’s Mystery Teaser Sparks Market Excitement, SOL Price Moves Up and Down

TL;DR SOL price reached $132.85 after Solana posted a short message on its official X account stating, “Something big is coming.” The teaser generated immediate

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Ethereum Prepares for Fusaka Rollout: What Users Should Anticipate

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Institutional Stablecoin Test on Stellar Fuels Optimism for XLM Price Rebound

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Binance Teams Up With Ho Chi Minh City to Shape Vietnam’s Global Financial Future

Ho Chi Minh City is moving forward with its plan to build an international financial center and has signed a memorandum of understanding with Binance.

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Paxos acquires Fordefi to expand crypto custody services

Paxos announced today the acquisition of Fordefi to enhance its custody and wallet infrastructure, according to the company’s official statement. The firm confirmed that the

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Mainnet Live: Doma Protocol Brings Domain Infrastructure Into DeFi’s $360B RWA Market

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Polymarket Wins U.S. Approval as CFTC Grants Amended Order for Operations

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The Ethereum network is now operating with a 60 million block gas limit, a unique achievement as it has doubled its capacity in just one

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Large Ethereum Holders Accumulate 21 Million ETH

Major Ethereum investors are accumulating record amounts of the cryptocurrency. Blockchain data shows addresses holding 10,000 to 100,000 ETH now control over 21 million ETH,

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Hyperliquid Whale Who Netted $200M Now Bets $44.5M on Ethereum

An anonymous whale on the derivatives platform Hyperliquid expanded a major $44.5M long position on Ethereum (ETH) yesterday, according to Arkham Intelligence. The trader reportedly

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Ethereum Giant BitMine Invests $200M, Addresses Market Concerns Over ETH Drop

BitMine Immersion Technologies increased its Ethereum holdings by purchasing 69,822 ETH, bringing its total position to 3,629,701 tokens, equivalent to 3% of the supply. The

CryptoCurrency News

Digital Asset Funds Bleed $1.94B in Outflows — Bitcoin and Ethereum at the Forefront

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TLDR

Strategy claims its Bitcoin holdings are worth nearly six times its outstanding convertible notes.
Even in a severe Bitcoin crash, Strategy’s Bitcoin ratio would remain at a comfortable 2.0x.
The company’s stock price has fallen significantly, leading to its removal from the S&P 500 on November 25.
MSCI is set to review whether crypto-heavy companies should remain in equity indices, potentially impacting Strategy.
Institutional investors, including Harvard University, moved their funds to BlackRock’s Bitcoin ETF, reducing Strategy’s market premium.

Strategy, led by Michael Saylor, continues to highlight its Bitcoin holdings as a key asset amid the company’s ongoing stock struggles. Despite its substantial Bitcoin stash, the company’s stock has recently fallen. The firm reassures investors that its Bitcoin holdings are worth significantly more than its debt. This assertion comes as its stock price drops sharply, leading to concerns about the company’s long-term stability.

Strategy Confident in Bitcoin Holdings Value
Strategy claims its Bitcoin holdings are worth nearly six times its outstanding convertible notes. The company calculates this using its average Bitcoin purchase price, which it now terms its “Bitcoin Rating.” This metric offers a confident outlook, suggesting that even a drastic Bitcoin crash would still leave the company in a strong position.

Strategy’s Bitcoin holdings would still surpass its debt by a ratio of 2.0x, even in a market downturn. These figures, compiled by BitcoinTreasuries, are designed to show the company’s resilience. However, this optimistic view stands in contrast to its recent stock market performance.

Stock Price Declines and S&P 500 Removal
The company’s stock has faced consistent declines, culminating in its removal from the S&P 500 on November 25. This marks a significant setback, as the company loses its place among major U.S. firms. The drop in stock price has raised concerns among investors about the company’s financial health.

MSCI is expected to review whether companies with large Bitcoin holdings should remain in equity indices. Analysts have warned that this could lead to forced selling, further impacting Strategy’s stock price. Despite market challenges, Strategy remains committed to its Bitcoin strategy and continues to add to its holdings.

Institutional Investors Shift Focus
In the third quarter, institutional investors withdrew substantial capital from Strategy. Harvard University, for example, moved its investments to BlackRock’s Bitcoin ETF, a shift analysts see as detrimental to Strategy’s premium over its Bitcoin holdings. Despite this trend, Strategy has continued to buy Bitcoin and raise additional capital.

Matt Hougan, an analyst at Bitwise, noted that crypto-heavy companies typically trade at discounts. This trend may cause Strategy’s market cap to fall below the value of its Bitcoin holdings for the first time in five years.

November 26, 2025 17:24 ET

 | Source:

American Lithium Corp.

VANCOUVER, British Columbia, Nov. 26, 2025 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQX:AMLIF | Frankfurt:5LA1) is pleased to report the voting results for the Company’s Annual General Meeting of Shareholders (the “Meeting”) held today in Vancouver, British Columbia.

Detailed voting results of the election of the Company’s board of directors (the “Board of Directors”) are set out below:

NomineeVotes For% ForVotes Withheld% WithheldAndrew Bowering46,450,21598.77%576,6471.23%Claudia Tornquist43,857,64293.26%3,169,2206.74%Laurence Stefan45,140,72895.99%1,886,1344.01%G.A. (Ben) Binninger45,465,39696.68%1,561,4663.32%Alex Tsakumis46,424,57198.72%602,2911.28%Rona Sellers46,420,02298.71%606,8401.29%
All nominees, as set forth in the Company’s Management Information Circular dated October 24, 2025 (the “Circular”), were elected as directors of American Lithium at the Meeting.

At the Meeting, shareholders also approved: (1) the number of directors to fixed at six, (2) the appointment of Davidson & Company LLP as auditor of the Company for the ensuing year and authorizing the Board of Directors to fix the remuneration of the auditor and (3) the re-approval of the Company’s omnibus incentive plan, as more particularly described in the Circular.

 Votes For% ForVotes Against - Withheld% Against - WithheldNumber of directors71,296,68097.72%1,665,1692.28%Appointment of auditors71,110,18297.46%1,851,6692.54%Omnibus incentive plan45,624,74897.02%1,402,1132.98%
For further information regarding the matters considered at the Meeting, readers are encouraged to review the Circular, a copy of which is available under the profile for the Company on SEDAR+ (www.sedarplus.ca).

About American Lithium

American Lithium is developing two of the world’s largest, advanced-stage lithium projects, along with the largest undeveloped uranium project in Latin America. They include the TLC claystone lithium project in Nevada, the Falchani hard rock lithium project and the Macusani uranium deposit, both in southern Peru. All three projects have been through robust preliminary economic assessments, exhibit significant expansion potential and enjoy strong community support.

For more information, please contact the Company at [email protected] or visit our website at www.americanlithiumcorp.com.

Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Alex Tsakumis”
Interim Chief Executive Officer
Tel: 604 428 6128

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

Cautionary Statement Regarding Forward Looking Information
This news release contains certain forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the business plans, expectations and objectives of American Lithium. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend", “indicate”, “scheduled”, “target”, “goal”, “potential”, “subject”, “efforts”, “option” and similar words, or the negative connotations thereof, referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management and are not, and cannot be, a guarantee of future results or events. Although American Lithium believes that the current opinions and expectations reflected in such forward-looking statements are reasonable based on information available at the time, undue reliance should not be placed on forward-looking statements since American Lithium can provide no assurance that such opinions and expectations will prove to be correct. All forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including risks, uncertainties and assumptions related to: American Lithium’s ability to achieve its stated goals;, which could have a material adverse impact on many aspects of American Lithium’s businesses including but not limited to: the ability to access mineral properties for indeterminate amounts of time, the health of the employees or consultants resulting in delays or diminished capacity, social or political instability in Peru which in turn could impact American Lithium’s ability to maintain the continuity of its business operating requirements, may result in the reduced availability or failures of various local administration and critical infrastructure, reduced demand for the American Lithium’s potential products, availability of materials, global travel restrictions, and the availability of insurance and the associated costs; the ongoing ability to work cooperatively with stakeholders, including but not limited to local communities and all levels of government; the potential for delays in exploration or development activities; the interpretation of drill results, the geology, grade and continuity of mineral deposits; the possibility that any future exploration, development or mining results will not be consistent with our expectations; risks that permits will not be obtained as planned or delays in obtaining permits; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages, strikes and loss of personnel) or other unanticipated difficulties with or interruptions in exploration and development; risks related to commodity price and foreign exchange rate fluctuations; risks related to foreign operations; the cyclical nature of the industry in which American Lithium operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment and the effects upon the global market generally, any of which could continue to negatively affect global financial markets, including the trading price of American Lithium’s shares and could negatively affect American Lithium’s ability to raise capital and may also result in additional and unknown risks or liabilities to American Lithium. Other risks and uncertainties related to prospects, properties and business strategy of American Lithium are identified in the “Risk Factors” section of American Lithium’s Management’s Discussion and Analysis filed on October 30, 2025, and in recent securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements. American Lithium undertakes no obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

, /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) (the "Fund") with information regarding the sources of the distribution to be paid on November 28, 2025 and cumulative distributions paid fiscal year-to-date.

In December 2021, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission. The managed distribution policy seeks to deliver the Fund's long-term total return potential through regular monthly distributions declared at a fixed rate per common share. The policy gives the Fund greater flexibility to realize long-term capital gains throughout the year and to distribute those gains on a regular monthly basis to shareholders. The Board of Directors of the Fund may amend, terminate or suspend the managed distribution policy at any time, which could have an adverse effect on the market price of the Fund's shares.

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund. The amount of monthly distributions may vary depending on a number of factors, including changes in portfolio and market conditions.

At the time of each monthly distribution, information will be posted to cohenandsteers.com and mailed to shareholders in a concurrent notice. However, this information may change at the end of the year because the final tax characteristics of the Fund's distributions cannot be determined with certainty until after the end of the calendar year. Final tax characteristics of all of the Fund's distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year.

The following table sets forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date from the sources indicated. All amounts are expressed per common share.

DISTRIBUTION ESTIMATES

November 2025

YEAR-TO-DATE (YTD)

November 30, 2025*

Source

Per Share Amount

% of Current Distribution

Per Share Amount

% of 2025 Distributions

Net Investment Income

$0.0000

0.00 %

$0.2809

29.35 %

Net Realized Short-Term Capital Gains

$0.0000

0.00 %

$0.0500

5.23 %

Net Realized Long-Term Capital Gains

$0.0870

100.00 %

$0.5972

62.40 %

Return of Capital (or other Capital Source)

$0.0000

0.00 %

$0.0289

3.02 %

Total Current Distribution

$0.0870

100.00 %

$0.9570

100.00 %

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution policy. The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported in this Notice are only estimates, are likely to change over time, and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The amounts and sources of distributions year-to-date may be subject to additional adjustments.

*THE FUND WILL SEND YOU A FORM 1099-DIV FOR THE CALENDAR YEAR THAT WILL TELL YOU HOW TO REPORT THESE DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES

The Fund's Year-to-date Cumulative Total Return for fiscal year 2025 (January 1, 2025 through October 31, 2025) is set forth below. Shareholders should take note of the relationship between the Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate for 2025. In addition, the Fund's Average Annual Total Return for the five-year period ending October 31, 2025 is set forth below. Shareholders should note the relationship between the Average Annual Total Return with the Fund's Current Annualized Distribution Rate for 2025. The performance and distribution rate information disclosed in the table is based on the Fund's net asset value per share (NAV). The Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's individual investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Fund Performance and Distribution Rate Information:

Year-to-date January 1, 2025 to October 31, 2025

Year-to-date Cumulative Total Return1                                                                

15.79 %

Cumulative Distribution Rate2

7.41 %

Five-year period ending October 31, 2025

Average Annual Total Return3

12.52 %

Current Annualized Distribution Rate4

8.08 %

Year-to-date Cumulative Total Return is the percentage change in the Fund's NAV over the year-to-date time period including distributions paid and assuming reinvestment of those distributions.
Cumulative Distribution Rate for the Fund's current fiscal period (January 1, 2025 through November 30, 2025) measured on the dollar value of distributions in the year-to-date period as a percentage of the Fund's NAV as of October 31, 2025.
Average Annual Total Return represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ending October 31, 2025. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions.
The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of October 31, 2025.

Investors should consider the investment objectives, risks, charges and expense of the Fund carefully before investing. You can obtain the Fund's most recent periodic reports, when available, and other regulatory filings by contacting your financial advisor or visiting cohenandsteers.com. These reports and other filings can be found on the Securities and Exchange Commission's EDGAR Database. You should read these reports and other filings carefully before investing.

Shareholders should not use the information provided here in preparing their tax returns. Shareholders will receive a Form 1099-DIV for the calendar year indicating how to report Fund distributions for federal income tax purposes.

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Website: https://www.cohenandsteers.com
Symbol: (NYSE: CNS)

SOURCE Cohen & Steers, Inc.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMZN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

VANCOUVER, British Columbia, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) ("Liberty Gold" or the "Company") is pleased to announce that the United States Forest Service (“USFS”) and the United States Bureau of Land Management (“BLM”) have determined that the Mine Plan of Operations (“MPO”) for the Company’s flagship Black Pine Oxide Gold Project (“Black Pine” or the “Project”) in southern Idaho has met federal content standards and is deemed “Administratively Complete” under Title 36, Subpart 228 and Title 43, Subpart 3809 of the U.S. Code of Federal Regulations.

Highlights

Key permitting milestone achieved: The USFS and BLM’s completeness determination confirms that the Black Pine MPO meets applicable requirements to advance through the US federal permitting process to the next stage;Foundation for the National Environmental Policy Act (“NEPA”) review: The MPO outlines proposed mining, processing, environmental protection measures and reclamation activities based on Liberty Gold’s Preliminary Feasibility Study1 (see press release October 10, 2024) and serves as the basis for the forthcoming federal environmental analysis;Collaborative, multi-agency permitting approach: The MPO was prepared in close coordination with the USFS, BLM, Idaho Department of Environmental Quality (“IDEQ”), Idaho Department of Lands (“IDL”), and the Idaho Governor’s Office of Energy and Mineral Resources (“OEMR”) under an interagency Memorandum of Understanding (“MOU”) executed in February 2025. This MOU formalized agency roles and timelines for efficient coordination through the NEPA process. The MPO was submitted in February 2025 and underwent an extensive initial completeness review by the USFS and BLM. The Company has worked closely and diligently with federal and state agencies to address comments provided and is pleased to have achieved this foundational milestone for Black Pine.Stantec Appointed as Independent Third-Party EIS Contractor: Stantec, a US-based, global leader in sustainable engineering and environmental consulting, has been retained by the USFS and BLM to prepare the Black Pine Environmental Impact Study (“EIS”) and related documentation under federal oversight. Preparations are well-advanced for streamlined initiation of the EIS process, and extensive environmental baseline studies have been completed that will inform key sections of the EIS document.  Next steps: The USFS and BLM will publish the Notice of Intent (“NOI”) in the Federal Register, initiating the prescribed part of the NEPA review commencing with formal stakeholder engagement and drafting of the EIS. Public scoping meetings will engage with federal, state, and local agencies, Tribal Nations, and community stakeholders to identify issues and alternatives for the EIS over a 24-month period leading to a draft Decision Notice (USFS) and Record of Decision (BLM). The EIS will evaluate potential environmental and socio-economic effects of the Project, including water resources, air quality, wildlife, vegetation, cultural resources, and reclamation planning, as well as alternatives and mitigation measures. The Company continues to advance Idaho state-level permits in parallel, including key subject areas of water rights, air quality, mine reclamation, and cyanidation permits. These efforts and timing align with Idaho’s Strategic Permitting, Efficiency, and Economic Development (“SPEED”) Act, which aims to enhance coordination and efficiency in project permitting. ___________________________________________
1 See technical report “Black Pine Project NI 43-101 Technical Report, Oneida County, Idaho, USA”, effective June 1, 2024, and dated November 21, 2024, prepared by Valerie Wilson, P.Geo. SLR Consulting Ltd.; Todd Carstensen, RM-SME AGP Mining Consultants Inc.; Gary Simmons, MMSA GL Simmons Consulting, LLC; Nicholas T. Rocco, Ph.D., P.E.  NewFields Companies LLC; Benjamin Bermudez, P.E. M3 Engineering & Technology Corp.; Matthew Sletten, P.E. M3 Engineering & Technology Corp.; John Rupp, P.E. Piteau Associates Ltd. ; Daniel Yang, P.Eng., P.E. Knight Piésold Ltd.; Richard DeLong, M.Sc. Westland Engineering & Environmental Services Inc. on the Company’s profile on SEDAR+ at www.sedarplus.ca and press release dated October 10, 2024.

Jon Gilligan, President and CEO of Liberty Gold, stated: “Acceptance of our Mine Plan of Operations is a major permitting achievement for Liberty Gold and for Idaho. It is the product of years of technical, environmental and community work culminating in a high-quality submittal that meets the rigorous federal standards for mine development. We are proud to advance Black Pine mine permitting under the strong collaborative framework established with our federal agency partners and with the State of Idaho. This milestone brings us one step closer to a construction decision as we continue to demonstrate that Black Pine is one of the most significant oxide gold development opportunities in the Great Basin.”

ABOUT LIBERTY GOLD

Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining. This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah. The Company is advancing the Black Pine Project in southeastern Idaho, a past-producing, Carlin-style gold system with a large, growing resource and strong economic potential. We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios and in an environmentally responsible manner.

For more information, visit www.libertygold.ca or contact:
Susie Bell, Manager, Investor Relations
Phone: 604-632-4677 or Toll Free 1-877-632-4677
[email protected] 

All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Liberty Gold within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration plans, development plans and construction decisions, expected capital costs at Black Pine, expected gold and silver recoveries from the Black Pine mineralized material, potential additions to the resource through additional drill testing, potential upgrade of inferred mineral resources to measured and indicated mineral resources, the timing and receipt of necessary permitting and approval of the final mine plan of operations. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict", "potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining governmental approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources and mineral reserves, the availability of drill rigs, the accuracy of the preliminary feasibility study, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.

Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration as well as those factors discussed in the Annual Information Form of the Company dated March 25, 2025 in the section entitled "Risk Factors", under Liberty Gold’s SEDAR+ profile at www.sedarplus.ca. Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON BAIDU, INC. (BIDU), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is the Investigation About? On November 26, 2025, Reuters reported that an October 7th letter from Deputy Defen.

Company to Showcase Fully Reengineered Portfolio; Executive Team, Including Head of Sales John Monds, Available for On-Site Meetings

, /PRNewswire/ -- Ispire Technology Inc. (NASDAQ: ISPR) ("Ispire," or the "Company"), announced that it will unveil its fully reengineered cannabis product ecosystem at MJBizCon 2025, the world's largest cannabis industry conference and trade show. Held December 2–5 at the Las Vegas Convention Center, the event will serve as the official launchpad for Ispire's next-generation hardware suite.

At the heart of this launch is Ispire's newly structured product architecture, which is designed to offer a smarter, more intuitive way for cannabis brands to navigate hardware selection. With a clean coding system, streamlined feature sets and clearly defined use cases, the new ecosystem enables faster product discovery, confident comparisons and optimal matching with each customer's formulation and performance needs.

"We're making it easier than ever for brands to identify the right hardware with total clarity, premium materials and engineering that's ready for global compliance," said Michael Wang, Co-CEO of Ispire. "This is about elevating the customer experience while reinforcing our position as the innovation leader in the cannabis vaping sector."

Ispire's new suite of cannabis devices include:

The E-Series (Essentials): streamlined, scalable hardware for everyday formulations

EA02-10-S – A compact, draw-activated device with a streamlined profile, voltage tuning and optimized airflow—ideal for quick customization and ease of use.
EA03-10-S – A mid-sized model combining sleek aesthetics with increased tank volume and dual voltage control, built for brands that prioritize both form and function.
EA04-10-S/O – Engineered for high-viscosity oils, with advanced heating elements and a self-sealing tank that minimizes leakage while preserving terpene integrity—perfect for extract-focused brands.

The S-Series (Specialized): advanced, high-performance solutions for premium oils and technical requirements

SA05-10-S – The flagship model featuring dual activation (draw/button), extended battery life and high-end construction. Ideal for premium positioning and brand differentiation.
SA03-10-S/O – A versatile postless disposable device featuring puff-sense activation, clog-proof engineering and dual-sided tank windows for optimal visibility. The self-sealing fill system enhances reliability and leak resistance, while the compact form factor and 270mAh battery deliver consistency for brands targeting high-volume, user-friendly applications.
SA04-10-S/O – Built for durability and discretion, this self-sealing, single-use model balances premium feel with a minimalist footprint. Designed for consistent dosing, fast activation and simplified logistics, it's ideal for regulated markets or product lines prioritizing compliance, portability and minimal waste.

The C-Series (Custom): fully custom and ODM-engineered devices built from the ground up

For brands seeking complete differentiation, the C-Series enables fully custom, ODM-engineered hardware solutions tailored to proprietary aesthetics, heating technologies, materials, form factors, performance targets or market-specific certifications. Whether adapting an existing platform or developing a device from scratch, the C-Series provides end-to-end product development support aligned with Ispire's quality and compliance standards.

Each new device reflects Ispire's core principles of efficiency, safety and design simplicity. Built with world-class components and aligned with the company's precision dosing mission, the portfolio supports a wide spectrum of cannabis oil viscosities, fill volumes and activation types, including draw, button and dual-mode configurations.

"We engineer it. You own it," added Wang. "This architecture gives our partners the freedom to build their own brands and stories, while we provide the foundation of reliability, performance and regulatory readiness."

Senior executives, including John Monds, Vice President of Sales, will be available for meetings throughout MJBizCon 2025. Attendees interested in exploring Ispire's new platform or discussing partnership opportunities can schedule time directly by emailing [email protected].

About Ispire Technology Inc.
Ispire is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded e-cigarettes and cannabis vaping products. The Company's operating subsidiaries own or license more than 400 patents worldwide. Ispire's branded e-cigarette products are marketed under the Aspire name and are sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global distribution network. The Company also engages in original design manufacture (ODM) relationships with e-cigarette brands and retailers worldwide. The Company's cannabis products are marketed under the Ispire brand name primarily on an ODM basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware in the US, Europe and South Africa and it recently commenced marketing activities and customer engagement in Canada and Latin America. For more information, visit www.ispiretechnology.com or follow Ispire on Instagram, LinkedIn, X and YouTube.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act") as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "would," "could," "seek," "intend," "plan," "goal," "project," "estimate," "anticipate," "strategy," "future," "likely" or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company's strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: whether the Company may be successful in re-entering the U.S. ENDS market; the approval or rejection of any PMTA submitted by the Company; whether the Company will be successful in its plans to further expand into the African market; whether the Company's joint venture with Touch Point Worldwide Inc. d/b/a/ Berify and Chemular Inc. (the "Joint Venture") may be successful in achieving its goals as currently contemplated, with different terms, or at all; the Joint Venture's ability to innovate in the e-cigarette technology space or develop age gating or age verification technologies for nicotine vaping devices; the Company's ability to collect its accounts receivable in a timely manner; the Company's business strategies; the ability of the Company to market to the Ispire ONE™; Ispire ONE™'s success in meeting its goals; the ability of its customers to derive the anticipated benefits of the Ispire ONE™ and the success of its products on the markets; the Ispire ONE™ proving to be safe; and the risk and uncertainties described in "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Cautionary Note on Forward-Looking Statements" and the additional risk described in Ispire's Annual Report on Form 10-K for the year ended June 30, 2025 and any subsequent filings which Ispire makes with the SEC. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by applicable law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

IR Contact:
Phil Carlson
+1-212-896-1233
[email protected]

PR Contact:
Ellen Mellody
+1-570-209-2947
[email protected]

SOURCE Ispire Technology Inc.