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Homerun Energy USA, Inc. (‘Homerun’ or the ‘Company’) a newly formed 100% owned subsidiary of Homerun Resources, Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) is pleased to announce the engagement of Jiri Skopek as Corporate Development Advisor for the strategic development and commercialization of the Company’s Enduring Long Duration Energy Storage System (LDES) integrated with Homerun Energy’s Energy Management System (EMS).

This appointment follows the recently announced Intellectual Property Agreement between Homerun Energy USA, Inc. and the Alliance for Sustainable Energy, LLC, operator of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

Building upon the two years of collaboration between Homerun and NREL, Mr. Skopek will provide advisory in the efforts to commercialize the LDES. The LDES is designed to provide sustainable heat and power through a dual-purpose architecture that combines silica-based energy storage with purification processing, achieving significant decarbonization and operational integration efficiency.

Under the commercialization plan, Homerun Energy will integrate its advanced AI energy management and control system (EMS). Homerun’s technology is designed to operate across devices and brands to optimize energy capture, maximize storage efficiency and enable smarter, more sustainable energy use. By integrating AI into the edge Hub and into the cloud, Homerun empowers the end-user to better monitor, control and predict energy generation, usage and needs, enhancing performance while reducing costs and environmental impact and enabling advanced services such as energy trading.

Alignment with the CleanTech Blueprint 2025

Mr. Skopek recently co-authored ‘The Future is Direct: Shift to DC Power Systems,’ a chapter in the CleanTech Blueprint 2025, a global collaboration led by LG NOVA and the Coalition for Innovation. The Blueprint outlines the transition from centralized AC grids toward digital, distributed DC systems, which deliver improved efficiency, reliability, and renewables integration. These insights align directly with Homerun’s commercialization model – combining enduring, sand-based energy storage with AI-managed distributed intelligence for next-generation microgrid applications.

Brian Leeners, CEO of Homerun, commented, ‘The engagement of Jiri Skopek comes at a pivotal time as the Enduring LDES advances from development into commercialization. Following our IP Agreement with NREL, Jiri’s experience and leadership will be instrumental in bringing these innovations to multiple global markets.’

Jiri Skopek added: ‘The convergence of materials, energy systems, and digital intelligence defines the future of clean power. Homerun’s platform uniquely integrates long-duration storage, silica technologies, and AI intelligence to deliver solutions capable of transforming industrial and grid-scale energy applications.’

About Jiri Skopek

Jiri Skopek is an architect, smart community planner, and leader in smart and sustainable development whose work has shaped buildings, communities, and national standards for more than three decades. As Managing Director of Sustainability at JLL, he advised corporate clients on greening large portfolios and led the smart-building transformation of federal buildings, a landmark deployment of analytics-driven operations in government real estate.

About Homerun (https://www.homerunenergy.com/ and https://homerunresources.com/)

Homerun Energy USA, Inc (Reno, NV) is a 100% subsidiary of Homerun Resources, Inc.

Homerun (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

  • ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
  • Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
  • Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
  • ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276611

News Provided by Newsfile via QuoteMedia

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VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 2, 2025 / Sarama Resources Ltd. (‘Sarama’ or the ‘Company’)(TSX-V:SWA)(ASX:SRR) is pleased to announce that it has partnered with InvestorHub and launched a new interactive website, a direct-to-investor engagement platform (‘Investor Hub‘ or ‘Hub‘) designed to be more transparent and interactive with investors.

Through the Hub, investors and shareholders can easily access ASX announcements, project updates, videos, and insights as Sarama continues advancing gold exploration at the Cosmo and Mt Venn Gold Projects in Western Australia and progressing its fully funded US$242M arbitration claim against the Government of Burkina Faso (‘GoBF‘).

The Company will share new content through the Hub aimed at giving shareholders a deeper insight into Sarama’s growth strategy and value creation initiatives.

Sarama’s Executive Chairman, Andrew Dinning commented:

‘We are very pleased to launch our InvestorHub Platform which we believe will serve as a valuable tool for engaging with our investor community.

In the Hub you will find announcements, interviews, presentations and an interactive function that allows Sarama shareholders and interested investors to submit relevant, constructive questions, which will be answered in a timely manner.

We encourage stakeholders to sign up to the Hub and we look forward to your feedback.’

To watch Executive Chairman Andrew Dinning’s introduction to the new platform, head to our InvestorHub here

How to sign up for the Sarama Resources Investor Hub:

1. Visit https://www.saramaresources.com/auth/signup

2. Follow the prompts to create your Investor Hub account

3. Complete your account profile

For further information, please contact:

Andrew Dinning

Sarama Resources Ltd | +61 8 9363 7600 | e: info@saramaresources.com

CAUTION REGARDING FORWARD LOOKING INFORMATION

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, the quantum and pursuit of compensation for the loss and damages; the pursuit and outcome of the arbitration claim; and Sarama’s commitment to advancing the arbitration to its conclusion. Actual results may vary from the forward-looking information due to known and unknown risks, uncertainties and other factors. Such factors include, among others, the success of Sarama’s claim against the GoBF; as well as those factors disclosed in the Company’s publicly filed documents.

Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

This announcement has been authorised by the Board of Sarama Resources.

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

SOURCE: Sarama Resources Ltd.

View the original press release on ACCESS Newswire

News Provided by ACCESS Newswire via QuoteMedia

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Niger’s military government announced that it intends to put uranium produced by the SOMAÏR mine on the international market.

Head of the junta, General Abdourahamane Tiani, told state television Tele Sahel that “Niger’s legitimate right to dispose of its natural riches to sell them to whoever wants to buy them, under the rules of the market, in complete independence.”

Orano has operated uranium mines in Niger for decades and officially retains a 60 percent stake in SOMAÏR, as well as stakes in the Cominak and Imouraren mines.

However, the company lost operational control of these facilities in December 2024 when the junta intervened, citing expired mining agreements and asserting full sovereignty over national resources.

Orano condemned the latest uranium transfer as illegal, noting that it constitutes a direct breach of a September 2025 ruling by the International Centre for Settlement of Investment Disputes (ICSID).

The tribunal had ordered Niger “not to sell, transfer, or even facilitate the transfer to third parties of uranium produced by SOMAÏR” held in violation of Orano’s rights.

The French company said it learned of the shipment only through media reports and has “no official information on the quantity removed, the shipment’s destination, or the conditions of its transport.”

“This shipment is in breach of the decision handed down in favor of Orano,” the company said, warning that it reserves the right to take “any additional action necessary, including criminal proceedings against third parties, should the material be taken in violation of its offtake entitlement.”

Further, a company statement as reported by Reuters said that “transporting a large quantity of uranium through an unsecured corridor poses significant safety and security risks.”

Since the 2023 coup, Niger has turned away from its former colonial partner, France, accusing it of supporting separatist groups. It has also sought closer ties with Russia, which has previously expressed interest in mining uranium in Niger.

The SOMAÏR mine, along with Cominak and Imouraren, produces a significant share of the uranium supplied to global markets. In 2022, Niger accounted for roughly a quarter of natural uranium used by European nuclear power plants.

Orano said that about 1,500 metric tons of uranium were stockpiled at SOMAÏR before the transfer, with potential buyers speculated to include Turkish, Iranian, and Russian interests.

The group has pursued multiple legal avenues to regain operational control, including arbitration and lawsuits in Niger, arguing that the junta’s interference has harmed the mine’s financial position.

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

This post appeared first on investingnews.com

PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster than expected, as it wrestled with safety headlines long focused on rival Boeing.

Dozens of airlines from Asia to the United States said they had carried out a snap software retrofit ordered by Airbus, and mandated by global regulators, after a vulnerability to solar flares emerged in a recent mid-air incident on a JetBlue A320.

Airbus said on Monday that the vast majority of around 6,000 of its A320-family fleet affected by the safety alert had been modified, with fewer than 100 jets still requiring work.

JetBlue Airbus A320 planes at LaGuardia Airport in New York City.Nicolas Economou / NurPhoto via Getty Images file

But some require a longer process and Colombia’s Avianca continued to halt bookings for dates until December 8.

Sources familiar with the matter said the unprecedented decision to recall about half the A320-family fleet was taken shortly after the possible but unproven link to a drop in altitude on the JetBlue jet emerged late last week.

Shares in Airbus were down 2.1% in early trading in Paris.

Following talks with regulators, Airbus issued its 8-page alert to hundreds of operators on Friday, effectively ordering a temporary grounding by ordering the repair before next flight.

“The thing hit us about 9 p.m. [Jeddah time] and I was back in here about 9:30. I was actually quite surprised how quickly we got through it: there are always complexities,” said Steven Greenway, CEO of Saudi budget carrier Flyadeal.

The instruction was seen as the broadest emergency recall in the company’s history and raised immediate concerns of travel disruption particularly during the busy U.S. Thanksgiving weekend.

The sweeping warning exposed the fact that Airbus does not have full real-time awareness of which software version is used given reporting lags, industry sources said.

At first airlines struggled to gauge the impact since the blanket alert lacked affected jets’ serial numbers. A Finnair passenger said a flight was delayed on the tarmac for checks.

Over 24 hours, engineers zeroed in on individual jets.

Several airlines revised down estimates of the number of jets impacted and time needed for the work, which Airbus initially pegged at three hours per plane.

“It has come down a lot,” an industry source said on Sunday, referring to the overall number of aircraft affected.

The fix involved reverting to an earlier version of software that handles the nose angle. It involves uploading the previous version via a cable from a device called a data loader, which is carried into the cockpit to prevent cyberattacks.

At least one major airline faced delays because it lacked enough data loaders to handle dozens of jets in such a short time, according to an executive speaking privately.

UK’s easyJet and Wizz Air said on Monday they had completed the updates over the weekend without cancelling any flights.

JetBlue said late Sunday it expected to have completed work to return to service 137 of 150 impacted aircraft by Monday and plans to cancel approximately 20 flights for Monday due to the issue.

Questions remain over a subset of generally older A320-family jets that will need a new computer rather than a mere software reset. The number of those involved has been reduced below initial estimates of 1,000, industry sources said.

Industry executives said the weekend furor highlighted changes in the industry’s playbook since the Boeing 737 MAX crisis, in which the U.S. plane maker was heavily criticized over its handling of fatal crashes blamed on a software design error.

It is the first time Airbus has had to deal with global safety attention on such a scale since that crisis. CEO Guillaume Faury publicly apologized in a deliberate shift of tone for an industry beset by lawsuits and conservative public relations. Boeing has also declared itself more open.

“Is Airbus acting with the Boeing MAX crisis in mind? Absolutely — every company in the aviation sector is,” said Ronn Torossian, chairman of New York-based 5W Public Relations.

“Boeing paid the reputational price for hesitation and opacity. Airbus clearly wants to show … a willingness to say, ‘We could have done better.’ That resonates with regulators, customers, and the flying public.”

This post appeared first on NBC NEWS

An unlikely alliance in the House of Representatives is seeking to reform the U.S. criminal justice system.

The House is expected to consider a bill this week that would force the federal government to create a vast database of existing federal criminal laws and regulations, which its supporters hope will be a stepping stone to cutting down what they see as an exceedingly cumbersome bureaucratic web.

The bill is being led by Rep. Chip Roy, R-Texas, with support from Reps. Andy Biggs, R-Ariz., Lucy McBath, D-Ga., and Steve Cohen, D-Tenn.

It’s not often that progressives can be seen teaming up with members of the conservative House Freedom Caucus, but concerns like government overreach have been known to bring together unusual coalitions within Congress.

‘This, for me, was driven by the fact that I think we have far too many federal crimes and that the American people often don’t know what they are,’ Roy told Fox News Digital. ‘There’s lots of different ways in which you can be criminally liable for something you don’t even know about, and that’s insane.’

The Texas Republican said crimes like assaults, stabbings and thefts were ‘basic, Ten Commandments–like laws’ that necessarily carried penalties — but he argued there were thousands more rules, including dictating regulatory violations, that posed issues for everyday Americans.

‘There are all sorts of regulatory things under the [Environmental Protection Agency] that frankly make criminals out of Americans by virtue of just how they engage.  It might be a farmer just using their land or range or whatever. And suddenly they are a criminal,’ he said.

‘I mean, there’s been people who have gone to jail for violations of, essentially, what was regulations — maybe those are all extensions off of some statute way back when, but when you have a generic statute on environmental protection that then turns into a thousand different codes that if you break, you’re somehow violating law, that’s a big problem.’

Biggs complained of the lack of accounting for regulatory offenses Americans are accused of in a statement earlier this year.

‘We have a duty to protect Americans’ right to liberty, and this begins with scaling down the massive overreach in federal criminal offenses,’ Biggs said.

McBath said the bill means, ‘Americans will no longer have to fear being excessively punished, and criminal justice professionals can better protect the public.’

In addition to creating the new database, the bill would also direct the Department of Justice (DOJ) to report how many cases have been prosecuted under each offense over the last 15 years.

It could get a vote in the House as soon as Monday evening, though it’s possible consideration is pushed until later this week.

While bipartisan cooperation is rare in the current Congress, Roy has been known to reach across the aisle on key issues before. He and several other Republicans are working with Democrats on legislation to ban stock trading for Capitol Hill lawmakers.

This post appeared first on FOX NEWS

President Donald Trump told reporters aboard Air Force One Sunday that he would release the results of an MRI he had done in October.

‘If they want to release it, it’s OK with me to release it,’ Trump said. ‘It’s perfect.’ 

‘If you want to have it released, I’ll release it,’ he told reporters as he traveled back to Washington, D.C., after spending the Thanksgiving weekend at Mar-a-Lago.

A reporter asked Trump what part of the body the MRI was focused on in the scan.

‘I have no idea,’ the president responded. ‘What part of the body? It wasn’t the brain because I took a cognitive test and I aced it. I got a perfect mark.’

The White House released a memo on Oct. 10 from Sean Barbabella, the White House physician, that said Trump underwent advanced imaging as part of a scheduled follow-up evaluation at Walter Reed National Military Medical Center.

Barbabella said the evaluation was part of the president’s ongoing health maintenance plan and included laboratory testing and preventive health assessments.

‘Comprehensive laboratory studies performed in conjunction with the visit were exceptional, including stable metabolic, hematologic, and cardiac parameters,’ the memo read in part.

A reporter previously asked White House press secretary Karoline Leavitt in early November at a White House press briefing about releasing the results of the MRI because it is a very specific procedure and not generally routine. 

‘As I said, I’ll check back for you,’ Leavitt responded.

This post appeared first on FOX NEWS

President Donald Trump on Sunday defended Secretary of War Pete Hegseth over allegations he ordered a second strike on a Venezuelan drug boat, saying he believes Hegseth’s denial and would not have supported a follow-up attack if it happened.

The exchange came during a gaggle aboard Air Force One as reporters pressed Trump on claims that Hegseth authorized a second strike that allegedly killed two wounded men after an earlier attack on a suspected drug-smuggling vessel.

Trump repeatedly said Hegseth denied giving such an order. He added that he was aware of the allegation but stressed that Hegseth told him the claim was untrue and that he accepted that explanation without hesitation.

‘He said he did not say that, and I believe him 100%,’ Trump said.

Reporters asked Trump whether he would have approved a second strike if Hegseth had ordered one, prompting him to again distance himself from the allegation while stressing that he trusted his secretary of war.

Trump said he planned to seek additional information about the reported incident but reiterated that Hegseth assured him nothing improper happened.

‘No, I wouldn’t have wanted that. Not a second strike,’ Trump said.

Still, he praised the wider campaign targeting drug-smuggling boats, saying the strikes had sharply reduced the flow of narcotics into the U.S. by sea in recent months.

Trump argued the vessels posed a deadly threat and framed the operations as necessary to protect Americans, calling the missions lethal but justified.

‘You can see the boats,’ he said. ‘You can see the drugs in the boats and each boat is responsible for killing 25,000 Americans.’

Trump went to Hegseth’s defense after reports from outlets such as The Washington Post and CNN claimed the U.S. military ordered a second strike on a suspected drug vessel in the Caribbean on Sept. 2 after the earlier attack left two survivors.

According to The Washington Post, the commander overseeing that operation told colleagues on a secure conference call that the survivors were legitimate targets because they could still contact other traffickers for help and ordered the second strike to comply with what he said was a directive from Hegseth that everyone must be killed.

‘As usual, the fake news is delivering more fabricated, inflammatory and derogatory reporting to discredit our incredible warriors fighting to protect the homeland,’ Hegseth wrote on X on Friday.

‘As we’ve said from the beginning and in every statement, these highly effective strikes are specifically intended to be ‘lethal, kinetic strikes,’’ Hegseth continued. ‘The declared intent is to stop lethal drugs, destroy narco-boats and kill the narco-terrorists who are poisoning the American people. Every trafficker we kill is affiliated with a Designated Terrorist Organization.’

Fox News Digital’s Greg Norman and Alexandra Koch contributed to this report.

This post appeared first on FOX NEWS

Steve Witkoff, the U.S. special envoy to the Middle East, will travel to Moscow on Monday, a U.S. official tells Fox News.

The trip comes as peace talks between Ukraine and Russia show signs of progress, with the White House pushing a peace plan to end the nearly four-year-long war.

On Sunday, Witkoff — a central figure in negotiating the ceasefire between Israel and Hamas — joined Secretary of State Marco Rubio and senior advisor Jared Kushner in Florida to meet with Ukrainian negotiators. 

Rubio described the meeting as ‘very productive.’ In a statement, Rubio said that the end goal is ‘not just the end of the war.’

‘Obviously, that’s essential and fundamental. We want to see the end of the killing and the death and the suffering, and I’m sure the Ukrainian side, I know they do as well,’ Rubio said. 

‘They want peace. But it’s also about securing an end to the war that leaves Ukraine sovereign and independent and with an opportunity at real prosperity.’

Last week, Russia’s Foreign Minister Sergey Lavrov said Moscow could reject the White House’s peace deal framework if it does not uphold the ‘spirit and letter’ of what President Donald Trump and Russian President Vladimir Putin agreed to at the Alaska summit in August.

He warned that if the terms of the ‘key understandings’ are ‘extinguished’ then the situation would become ‘fundamentally different.’

Despite Lavrov’s comments, Putin showed interest in Trump’s plans to end the war on Thursday, calling the drafted plans a starting point.

‘We need to sit down and discuss this seriously,’ Putin told reporters, according to The Associated Press.

Trump’s plan as ‘a set of issues put forward for discussion’ rather than a draft agreement.

‘Every word matters,’ Putin added.

Fox News Digital’s Sarah Tobianski, Kyle Schmidbauer and Ashley Carnahan contributed to this report.

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Tensions between NATO and Russia sharpened Monday after the alliance’s top military commander said member states are considering whether they must become ‘more aggressive’ in confronting Moscow’s hybrid threat campaign.

Admiral Giuseppe Cavo Dragone, chairman of NATO’s military committee, told the Financial Times the alliance is evaluating if it should be ‘proactive instead of reactive,’ including the possibility of ‘preemptive’ cyber or sabotage operations.

Dragone said such actions could still fall under defensive doctrine, saying, ‘It is further away from our normal way of thinking or behavior.’

Dragone pointed to the Baltic Sentry mission, launched this year to counter Russian-linked sabotage at sea, saying that ‘from the beginning of Baltic Sentry, nothing has happened. So this means that this deterrence is working.’

He added: ‘Being more aggressive compared with the aggressivity of our counterpart could be an option, but Dragone also admitted that NATO and its members had much more limits than our counterpart because of ethics, because of law, because of jurisdiction. It is an issue. I don’t want to say it’s a loser position, but it is a harder position than our counterpart’s.’

Moscow immediately pushed back. Russian Foreign Ministry spokesperson Maria Zakharova called Dragone’s comments ‘an extremely irresponsible step’ and accused NATO of signaling it is willing ‘to move toward escalation,’ according to Russian state media.

Carrie Filipetti, executive director of the Vandenberg Coalition and a former senior State Department and official at the U.S. mission to the United Nations, told Fox News Digital that, ‘Given Russia’s unilateral invasion of Ukraine in 2022, the idea that Russia is warning about NATO being irresponsible is laughable. Putin has been given numerous opportunities to end the war peacefully and has refused them all because of his own expansionist goals. NATO is simply reacting to his aggression.’

‘Regarding U.S. involvement,’ she explained, ‘Article 5 merely states that an attack on one is an attack on all. NATO adopting a more assertive position does not obligate the U.S. to do the same. We are only required to take ‘such action as [we] deem necessary’ – and that, only in the case of an attack on a NATO state.’

General Bruce Carlson, U.S. Air Force (ret.) and former director of the National Reconnaissance Office, told Fox News Digital, ‘Let’s not forget it’s Russia who is conducting preemptive military action in Europe with the sole intention of invading and occupying another sovereign nation’s territory by force.’ 

Carlson added, ‘Putin only understands one thing and that’s power. No one has strengthened NATO more than President Trump, and it is critical that we use every lever possible to push Russia to the negotiating table to achieve a lasting and sustainable peace deal that protects Ukraine’s sovereignty and defends U.S. national security interests.’

The warnings come amid a steady drumbeat of Russian-linked activity that NATO officials say falls under hybrid warfare. The alliance says it faces daily cyberattacks that can be traced to Moscow, alongside information operations, migration pressure, and repeated targeting of critical infrastructure.

A series of sabotage incidents in late 2024 triggered a major NATO review. Several undersea data cables and a key power link were damaged that November and December, including on Dec. 25. Prosecutors in Finland accused the crew of a Cook Islands–flagged tanker of dragging an anchor for more than 50 miles and severing infrastructure, though a Finnish court later dismissed the case, ruling national law did not apply.

More recently, roughly 20 drones crossed into NATO member Poland in September, prompting Warsaw to trigger Article 4 consultations. Polish Prime Minister Donald Tusk said at the time it was ‘the closest we have been to open conflict since World War II,’ while Moscow denied targeting Polish territory.

This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Monday (December 1) as of 9:00 a.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$86,828.87, down by 5.2 percent over 24 hours.

Bitcoin price performance, December 1, 2025.

Chart via TradingView

After a brief resurgence last week that saw prices break past the US$90,000 barrier, Bitcoin has come crashing back down post-Thanksgiving.

Bitcoin saw a 5 percent overall slide, which pushed prices near last month’s eight-month low of US$80,553.

The decline follows a difficult November, when Bitcoin shed more than US$18,000 and posted record outflows from U.S. bitcoin exchange-traded funds. CME futures pricing also reflected the shift in sentiment, with three-month Bitcoin contracts trading at their smallest premium to near-dated futures in at least a year.

Other major cryptocurrencies weakened as well. Ether fell nearly 6 percent to around US$2,840 after losing about 22 percent in November, its worst monthly performance since February’s 32 percent decline.

Since reaching a record market size of about US$4.3 trillion, the broader crypto sector has lost more than US$1 trillion in value,

After the recent steep decline, Ether (ETH) was currently priced at US$2,838.35, similarly down by 5.2 percent over 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2.06, down by 7.1 percent over 24 hours.
  • Solana (SOL) was trading at US$127.65, down by 6.9 percent over 24 hours.

Today’s crypto news to know

Bitcoin’s weekend slide wipes out US$637M in leveraged positions

Bitcoin’s latest downturn over the weekend triggered a wave of liquidations that erased roughly US$637 million across futures markets.

The selloff pushed Bitcoin to an intraday low near US$85,700, extending its monthly decline past 21 percent and dragging Ethereum, XRP, and other majors sharply lower. The slump began as momentum-driven selling forced heavily leveraged longs to unwind, turning a routine correction into a fast, disorderly slide.

Comments from Strategy CEO Phong Le about potentially selling part of the company’s sizable Bitcoin holdings added to jitters, even though prediction markets continue to see a low probability of actual disposals this year.

“We can sell Bitcoin, and we would sell Bitcoin if needed to fund our dividend payments below 1x mNAV,” Le said in a podcast.

The company currently controls 649,870 BTC, which valued at about US$56.26 billion at current prices.

Further, China’s central bank reiterating its hard line against crypto activity further weighed on sentiment heading into the final month of the year.

Tether blasts S&P after fresh downgrade

Tether pushed back forcefully this week after S&P Global cut its assessment of USDT’s peg stability, assigning the stablecoin the lowest score on the agency’s scale.

S&P pointed to weaker reserve quality, shrinking cash-equivalent holdings, and rising exposure to secured loans and Bitcoin as reasons for the downgrade.

The report noted that Tether’s Bitcoin holdings now exceed the cushion meant to absorb volatility, increasing the risk that a sharp price drop could leave the token undercollateralized.

Tether’s leadership dismissed the rating as biased and politically motivated.

‘Some influencers are either bad at math or have the incentive to push our competitors,’ Tether CEO Paolo Ardoino said in a recent post on X.

After the downgrade last week, Ardoino also maintained that ‘the traditional finance propaganda machine is growing worried when any company tries to defy the force of gravity of the broken financial system.’

The downgrade also comes as Tether’s mining affiliate winds down operations in Uruguay after months of unpaid power bills and stalled expansion plans.

Japan prepares 20 percent flat tax on crypto gains

Japan is moving toward a flat 20 percent tax on cryptocurrency gains, a change that would replace the current progressive regime that can push rates above 50 percent for active traders.

Nikkei Asia reported that under the proposal, crypto income would be placed into a separate category similar to equities, with the goal of reducing distortions that discourage trading or push users offshore.

Lawmakers backing the plan say aligning digital assets with other investment products could draw liquidity back to domestic exchanges and boost overall tax receipts.

The reform is expected to be finalized as part of the country’s 2026 tax framework, with revenue split between the national and local governments.

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