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

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

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

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

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

Click here for the full ASX Release

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Here’s a quick recap of the crypto landscape for Monday (November 24) as of 9:00 p.m. UTC.

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

Bitcoin and Ether price update

Bitcoin (BTC) was priced at US$89,102.53, up 1.9 percent in 24 hours.

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

Bitcoin price performance, November 24, 2025.

Chart via TradingView.

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

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

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

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

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

Altcoin price update

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

Today’s crypto news to know

Cardano chain split, Etherscan API outage highlight DeFi risks

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

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

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

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

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

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

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

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

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

Franklin Templeton, Grayscale launch XRP ETFs

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

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

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

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

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

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

Burry debuts newsletter after Scion shutdown

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

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

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

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

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

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

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

This post appeared first on investingnews.com

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

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

Bitcoin and Ether price update

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

Bitcoin price performance, November 26, 2025.

Chart via TradingView.

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

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

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

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

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

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

Altcoin price update

  • XRP (XRP) was priced at US$2.22, up by one percent over 24 hours.
  • Solana (SOL) was trading at US$142.99, up by 3.9 percent over 24 hours.

Today’s crypto news to know

Strategy insists balance sheet holds firm

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

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

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

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

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

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

Japan approves major regulatory shift for crypto under FIEA

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

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

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

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

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

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

Bolivia to integrate crypto and stablecoins into financial system

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

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

Spain moves to hike taxes on Bitcoin, Ether

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

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

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

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

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

Grayscale files to offer Zcash ETF

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

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

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

This post appeared first on investingnews.com

President Donald Trump says Ukraine and Russia are ‘making progress’ toward a peace agreement, but he conceded that the conflict remains ‘difficult’ to solve.

Trump made the comments while speaking to reporters aboard Air Force One on Tuesday night, giving insight into the ongoing Ukraine-Russia talks. He went on to say that U.S. Envoy Steve Witkoff would soon be engaging in talks in Moscow, potentially alongside Trump’s son-in-law, Jared Kushner.

‘We’re having good talks,’ Trump said. ‘Ukraine is doing well. I think they’re pretty happy about it. I’d like to see it end, and we won’t know for a little while. Well, we’re making progress.’

‘We settled eight wars, and I thought this would be one of the easier ones because of my relationship with President Putin, but this is probably one of the more difficult ones. There’s a lot of hatred,’ he added.

Trump said that Europe is playing a large part in ensuring there are security guarantees for Ukraine to prevent any further aggression from Russia.

The Trump administration had come under scrutiny last week after presenting a 28-point peace plan to U.S. lawmakers. Some lawmakers, including Republicans, initially described it as a ‘wish list’ for Russia.

Trump downplayed that plan while speaking Tuesday night, telling reporters that it was ‘just a map.’

‘All that was was a map. That was not a plan. It was, a concept. And from there they’re taking each one of the 28 points, and then you get down to 22 points. A lot of them were solved and actually very favorably solved. So, so we’ll see how we’ll see what happens,’ he said.

While the talks are moving quickly, Trump said he does not have a deadline for securing a deal.

‘The deadline for me is when it’s over,’ he said. ‘I think everybody’s tired of fighting at this moment. They are losing, losing too many people.’

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Fulton County Superior Court Judge Scott McAfee issued an order dismissing the 2020 election interference case against President Donald Trump and his co-defendants after the state of Georgia had moved to drop the matter.

‘The State having moved for an entry of nolle prosequi for all remaining defendants, the Court grants the motion,’ the order declares. ‘This case is hereby dismissed in its entirety.’

Trump’s lead Georgia defense counsel Steve Sadow described the case as ‘lawfare.’

‘The political persecution of President Trump by disqualified DA Fani Willis is finally over. This case should never have been brought. A fair and impartial prosecutor has put an end to this lawfare,’ Sadow said in the statement.

Peter J. Skandalakis, who took over prosecution after Fulton County District Attorney Fani Willis was disqualified from handling it, filed a motion to dismiss the case earlier Wednesday in order to ‘serve the interests of justice and promote judicial finality.’

‘This entire case, from the initiation of the District Attorney’s investigation in 2021 to the present, is without precedent,’ noted Skandalakis. ‘In my professional judgment, the citizens of Georgia are not served by pursuing this case in full for another five to ten years.’

The Georgia case yielded the iconic 2023 mugshot of then-candidate Trump.

‘Never before, and hopefully never again, will our country face circumstances such as these. The case is now nearly five years removed from President Trump’s phone call with the Secretary of State, and two years have passed since the Grand Jury returned charges against President Trump and the eighteen other defendants,’ Skandalakis noted. ‘There is no realistic prospect that a sitting President will be compelled to appear in Georgia to stand trial on the allegations in this indictment. Donald J. Trump’s current term as President of the United States of America does not expire until January 20, 2029; by that point, eight years will have elapsed since the phone call at issue.’

The prosecutor explained why the other defendants in the criminal case would not be tried separately. 

‘Severing President Trump from the remaining defendants and conducting separate trials, while simultaneously waiting for the conclusion of his term and addressing all of the aforementioned legal issues, would be both illogical and unduly burdensome and costly for the State and for Fulton County,’ Skandalakis wrote. ‘The Prosecuting Attorneys’ Council of Georgia lacks the resources to conduct multiple trials in this matter.’

Fox News’ Samantha Daigle and David Lewkowict contributed to this report

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A local Namibian politician named Adolf Hitler Uunona is widely expected to retain his council seat in the country’s latest round of regional elections, drawing international attention for a name he says carries no ideological meaning.

A longtime member of Namibia’s ruling SWAPO party, he is running again in the Ompundja constituency in the northern Oshana region. 

While final tallies have not yet been released, several international outlets report he is projected to win by a wide margin, consistent with previous elections. SWAPO, which has governed Namibia since independence in 1990, has shifted from its socialist liberation roots toward a more centrist, market-oriented governing approach.

His German dictator-linked name — ‘Adolf Hitler’ — was given to him by his father, he told the German outlet Bild, who he claimed did not understand the historical weight the name carried.

‘It was a perfectly normal name for me when I was a kid,’ Uunona told Bild. ‘It wasn’t until I grew older that I realized this man wanted to subjugate the whole world and killed millions of Jews.’

He said his childhood name reflected no political intent and stressed that he has never held extremist beliefs. 

‘The fact I have this name does not mean I want to conquer Oshana,’ he said, adding in earlier interviews he generally goes by Adolf Uunona in daily life.

Namibia was a German colony from 1884 to 1915, and Germanic names and place names remain common in some communities. Historians note that this legacy sometimes results in unusual or jarring combinations by modern standards, though they carry no inherent ideological meaning.

According to official information from the Oshana regional government, the Ompundja constituency has 4,659 inhabitants, 19 administrative centers and covers 466 square kilometers.

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A federal court ruled Wednesday that President Donald Trump and his former lawyer, Alina Habba, are still on the hook for a $1 million penalty for filing a ‘frivolous’ lawsuit against Hillary Clinton, former FBI director James Comey and others.

The ruling from the 11th Circuit Court of Appeals relates to a now-dismissed lawsuit filed by Trump relating to Russian collusion claims. Trump was first ordered to pay the $1 million in the case in 2023, but he and Habba appealed the ruling.

In addition to Clinton and Comey, their lawsuit also named Sen. Adam Schiff, D-Calif., former FBI officials Peter Strzok and Lisa Page, and many more.

Trump and Habba, who now serves as U.S. attorney for New Jersey, will be forced to pay approximately $938,000 — split between the dozens of individuals named in the lawsuit.

In the original lawsuit, Trump accused the high-profile figures of conspiring to tank his successful 2016 presidential campaign.

‘Here we are confronted with a lawsuit that should never have been filed, which was completely frivolous, both factually and legally, and which was brought in bad faith for an improper purpose,’ wrote Judge Donald Middlebrooks in his 2023 ruling, which was upheld Wednesday.

‘Mr. Trump is a prolific and sophisticated litigant who is repeatedly using the courts to seek revenge on political adversaries. He is the mastermind of strategic abuse of the judicial process and he cannot be seen as a litigant blindly following the advice of a lawyer,’ he added.

Two defendants in the case also claimed that Trump’s appeal itself was frivolous and sought additional sanctions for it, but the court disagreed.

Fox News Digital reached out to the White House for comment, but they did not immediately respond.

Wednesday’s ruling comes just days after a separate federal court dismissed false statements charges leveled against Comey. Judge Cameron Currie ruled that the charges were brought by an unqualified U.S. attorney. That U.S. attorney is Lindsay Halligan, who Trump appointed to the position just weeks prior.

Currie, a Clinton appointee based in South Carolina, was brought in from out of state to preside over proceedings about the question of Halligan’s authority because it presented a conflict for the Virginia judges. Comey’s and James’ challenges to Halligan’s appointment were consolidated because of their similarity.

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President Donald Trump said Wednesday that he would not invite South Africa to the 2026 G-20 summit in Florida, citing alleged ‘horrific human rights abuses.’

‘To put it more bluntly, they are killing white people and randomly allowing their farms to be taken from them,’ Trump alleged in a Truth Social post. ‘At my direction, South Africa will NOT be receiving an invitation to the 2026 G-20, which will be hosted in the Great City of Miami, Florida next year,’ he added.

The Embassy of South Africa did not immediately respond to Fox News Digital’s request for comment.

Clayson Monyela, head of diplomacy for the Department of International Relations and Cooperation, dismissed the notion that South Africa could be shut out.

‘South Africa is a founding member of the G-20. We don’t get invited to G-20 meetings and leaders summit. Those are gatherings of members. If other members allow this then the G-20 will die,’ Monyela told Fox News Digital.

‘Other countries have already told us that they too will boycott the U.S. G-20 if South Africa is excluded,’ Monyela added.

If carried out, the move would break with more than two decades of precedent and mark the first time a member has been formally excluded from the gathering of the world’s major economies.

The G-20, which brings together major advanced and emerging economies and accounts for roughly 80% of global GDP and two-thirds of the world’s population, has historically operated on the principle of inclusion.

That tradition already was strained after the U.S. boycott of the 2025 meeting held in Johannesburg earlier in November.

The Trump administration argued that the country’s government had failed to address violence and discrimination it claimed was occurring in rural farming communities. Additionally, the U.S. objected to the meeting’s focus on climate and development issues rather than core economic priorities.

The boycott marked a notable break from past U.S. engagement, leaving the world’s largest economy missing from a key forum for global economic policymaking.

Trump also said in the same Truth Social post that he would halt U.S. payments to South Africa.

‘South Africa has demonstrated to the world they are not a country worthy of membership anywhere and we are going to stop all payments and subsidies to them, effective immediately,’ Trump wrote.

The White House and State Department did not immediately respond to Fox News Digital’s request for further details.

It remains unclear how the move will affect the country’s standing within the G-20 or broader U.S.–South Africa relations ahead of the 2026 summit in Florida.

Relations between Trump and South African President Cyril Ramaphosa have steadily deteriorated in recent months.

In February, Trump suspended U.S. aid to South Africa, alleging discrimination against White farmers. Tensions escalated again in March when the State Department expelled the South African ambassador, labeling him ‘persona non grata.’

In May, the two leaders clashed in the Oval Office when Trump pressed Ramaphosa over allegations that White Afrikaners were being targeted and killed in South Africa. 

Ramaphosa pushed back, telling Trump he had seen no evidence to support those claims.

Paul Tilsley contributed to this report from Johannesburg, South Africa.

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