Monthly Archives: November 2025

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Bitcoin retail buyer at ‘max desperation,’ but no crypto winter: Bitwise CIO

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Bitcoin’s fall below $100,000, its lowest level since June, has sparked fears that the worst is yet to come—a so-called crypto winter, a prolonged bear market in cryptocurrencies that the market wrestles with every time digital currencies sell off hard in a short period.

However, Bitwise Chief Investment Officer Matt Hougan offers a more optimistic view. While retail investors are currently in “max desperation” mode, he sees this as a potential sign that crypto prices may bottom out sooner rather than later.

Speaking on CNBC’s “Crypto World” on Tuesday, Hougan said, “It’s almost a tale of two markets. Crypto retail is in max desperation. We’ve seen leverage blowouts. The market for crypto-native retail is just more depressed than I’ve ever seen it.”

Despite this, Hougan believes that more crypto trading will continue to shift towards an institutionally driven market, which, interestingly, remains bullish. “When I go out and speak to institutions or financial advisors, they’re still excited to allocate to an asset class that, if you pan back and look over the course of a year, is still delivering very strong returns.”

“My view of the market is we have to get through this retail flush out. We have to hit bottom from a sentiment perspective. I think we’re very close to that,” he added.

The boom in crypto exchange-traded fund (ETF) launches—such as the iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC)—is changing the investor composition. Although week-to-week flows into these ETFs have slowed since the second quarter, Hougan notes, “We continue to see strong inflows into bitcoin.”

He expects increased support for crypto to materialize toward the end of the year among financial advisors, who will likely look past the current dip and view it as “an opportunity to show their clients that they understand where this market is going.”

Bitwise’s own Solana staking ETF (BSOL) attracted over $400 million in flows during its first week. However, it has experienced a sharp sell-off amid the recent crypto downturn, losing nearly 20% since its October 28 debut.

Last week, Strategy CEO Michael Saylor told CNBC he believes bitcoin could reach $150,000 by the end of the year—one among several recent bullish calls that, for now, seem ill-timed given current conditions.

Still, Hougan does not dismiss Saylor’s prediction. “I think bitcoin could easily end the year at new all-time highs,” he said. “That means getting north of about $125,000 up to $130,000. Whether we’ll get all the way to $150,000, we’ll have to see.”

“I do think the sellers are nearing exhaustion and the buyers are still relatively hungry. When those two things cross paths, again, I think we could end the year close to or at new all-time highs. And if we’re lucky, we’ll get to Saylor’s target as well,” he added.

Hougan describes institutional investors as “more maybe even-keeled about what’s going on at a fundamental level in crypto” and believes they will start to drive the market forward.

“But we do have to finish this washout of retail sentiment. I think we’re closer to the end of that than the beginning, but there always could be a little bit more downside,” he concluded.
https://bitcoinethereumnews.com/bitcoin/bitcoin-retail-buyer-at-max-desperation-but-no-crypto-winter-bitwise-cio/

general

Review: Jennifer Lawrence delivers fiery performance in cataclysmic ‘Die My Love’

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Pam (Sissy Spacek) knows a bad case of the baby blues when she sees it. She realizes that’s what’s going on with new mom Grace (Jennifer Lawrence), an author whose writing is blocked and whose actions and mood swings become more erratic, disruptive, and alarming in filmmaker Lynne Ramsay’s latest gnarly comedy/drama — a dark journey into the mindset of a woman in the throes of postpartum depression.

Pam, soon to become Grace’s mother-in-law, tells her that everybody in her position goes loopy. True. But not even Pam entirely understands the rollercoaster of emotions Grace experiences when she moves with her hard-drinking boyfriend Jackson (Robert Pattinson) and their newborn into a rural home where Jackson’s uncle took his own life.

The rundown house, with flies buzzing around and eventually a yapping puppy that clueless Jackson brings home, opens the door for an already-troubled Grace to enter a purgatory-like world. It might be real, and it might not. Either way, it sets her on a precarious path toward some bizarre behavior, including crawling around like a cat, wielding sharp cutlery, and fantasizing about an alluring neighbor (LaKeith Stanfield) on a motorcycle.

Depicting women on the verge of a nervous breakdown is not a new cinematic motif by any means. But Ramsay, an auteur known for stretching boundaries and jabbing at your nerves with tremendous films such as *We Need to Talk About Kevin*, *You Were Never Here*, and *Morvern Callar*, is fearless and puts her fugue-like stamp on the material for a unique experience.

Literalists will likely detest this, while those willing to surrender to Ramsay’s dark, moody, and open-for-interpretation vision will embrace it.

As the sexually charged Grace — a woman burning with desire and a primordial need to slip the handcuffs that cultural norms for new moms have clamped on her — Lawrence is mercurial and magnetic. Ramsay demands a lot from the Oscar winner, and Lawrence is up to the challenge. She is panther-like, vulnerable, and furious.

Her fiery performance gets support from Pattinson as her doting but out-of-his-league lover, and Spacek as a woman from another generation who has weathered tradition and sees glimmers of herself in Grace. Stanfield, in a smaller, more symbolic role, smolders while Nick Nolte, as Jackson’s ailing father, has a particularly moving scene with Lawrence.

Various factors combine to make that happen: the intense performances, the surrealistic cinematography (Seamus McGarvey’s work deserves special recogn
https://www.mercurynews.com/2025/11/04/review-jennifer-lawrence-die-my-love/

accident, business, emergency

Crews respond to UPS plane crash near Louisville International Airport

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LMPD and multiple other agencies are responding to reports of a plane crash near Fern Valley and Grade Lane.

Grade Lane will be closed indefinitely between Stooges and Crittenden. Injuries have been reported at the scene, according to a short statement from the LMPD.

UPS has confirmed that the aircraft involved in the crash belonged to the company. They have pledged to release further information as it becomes available.

This is a breaking news story and will be updated.
https://www.washingtonexaminer.com/policy/infrastructure/3875173/ups-plane-crash-louisville-airport/

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Was Jets’ Darren Mougey planning to trade Sauce Gardner all along?

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The New York Jets made headlines on NFL Trade Deadline day by executing two of the biggest trades, sending Quinnen Williams and Sauce Gardner to new teams. The first major move involved trading standout cornerback Sauce Gardner to the Indianapolis Colts, even before the contract extension he signed this offseason had officially begun.

Jets rookie General Manager Darren Mougey addressed the Gardner trade during his post-deadline press conference. “We structured the contract in a way that it would be a tradeable contract if that sort of opportunity came to pass,” Mougey explained, as reported by The Athletic’s Zach Rosenblatt.

Earlier this year, the Jets secured both Gardner and wide receiver Garrett Wilson with contracts extending through the 2030 season, signaling the team’s commitment to building through the challenges of the Aaron Rodgers era. However, Mougey made it clear that the organization has been open to offers for some time.

“We have our set values, and we keep all those conversations private. And when it came down to the last few days, Indianapolis kept getting richer and richer with their value, and eventually it was too good to pass up,” Mougey said.

The Jets received an incredible package in return for Gardner, comparable to the blockbuster price the Green Bay Packers paid for Micah Parsons. With three additional first-round picks now in hand, Mougey faces the task of rebuilding the roster, focusing on constructing a strong offensive line and surrounding Garrett Wilson with complementary talent.

Currently, the Jets sit at 1-7 as they return from their bye week, preparing for a matchup against the Cleveland Browns. They recently snapped a losing streak with a victory over the Cincinnati Bengals, marking their first win of the season. However, uncertainty remains around their next starting quarterback, as the Jets have yet to announce whether Justin Fields or Tyrod Taylor will take the snap on Sunday.

Looking ahead, the Jets may once again find themselves near the top of the draft order this April, potentially searching for a new quarterback to lead the franchise into the future.
https://clutchpoints.com/nfl/new-york-jets/jets-news-darren-mougey-planning-trade-sauce-gardner

business, economy

First American Nuclear plans to bring SMRs to Indiana

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First American Nuclear and Indiana leadership announced Tuesday that the company will bring its headquarters, manufacturing facilities, and an energy park to the state.

“Indiana is leading the nation in the next chapter of American energy independence,” Gov. Mike Braun said in a news release. “With First American Nuclear planting its roots here, we’re bringing 5,000 high-paying, generational Hoosier jobs while cementing our state as a leader in clean, reliable nuclear power.”

### What is First American Nuclear?

First American Nuclear is a company dedicated to building small modular reactors, or SMRs, which are advanced nuclear reactors that have about one-third the generating capacity of traditional nuclear power reactors, according to the International Atomic Energy Agency.

The company’s energy park is designed to be the first “closed-fuel cycle” in U.S. history, meaning it will reprocess and reuse spent nuclear fuel on-site, eliminating 97% of long-lasting nuclear waste.

EAGL-1, the reactor planned to be used, can create more fuel than it burns, according to First American Nuclear. This capability positions the energy to be classified as clean and renewable.

“In the flurry of America’s nuclear renaissance, Indiana and FANCO found a shared commitment to technical merit, authenticity, and follow-through,” said Mike Reinboth, CEO of First American Nuclear. “Collectively, our team has dedicated centuries to nuclear science, resulting in an unmatched nuclear solution that, fittingly, will take root in the crossroads of America.”

### Opposition and Concerns

Kerwin Wilson, executive director of the Citizens Action Coalition, expressed skepticism about nuclear power’s ability to meet Indiana’s energy demands. He also questioned claims about its cleanliness.

“They are not even close to being cost-effective with other fuels and technologies, not to mention that they are years away from being commercially available, if they ever will be,” Wilson stated. “They are not a solution to meeting the growing electric demand. Affordable, clean, and truly safe technologies, like wind and solar, are available today. There’s no need to squander billions in ratepayer and taxpayer money down the nuclear rabbit hole and expose our communities to the inherent dangers and risks of the nuclear fuel cycle. There’s a better path forward.”

Similarly, Ashley Williams, executive director of Just Transition Northwest Indiana, called SMRs “a fantasy of the nuclear industry” and a false solution.

“Indiana’s so-called energy priorities are nothing short of shameful,” Williams said. “These aren’t the priorities of everyday Hoosiers. They’re the agenda of Big Tech Billionaires, cashing in on the data center boom that is actively extracting from our communities and displacing our workforce in places like my community of Michigan City and across the country.”

### Supporting Studies and Site Selection

A Purdue University study, funded by the Indiana Office of Energy Development and released in November 2024, found that SMRs can release carbon-free electricity with the capacity to meet Indiana’s growing energy needs. The study also evaluated multiple coal plants as suitable sites.

Purdue received $300,000 to complete the report, according to the state’s Transparency Portal.

In the study, RM Schahfer in Jasper County was identified as a suitable site. Two other NIPSCO plants—Bailly in Porter County and Michigan City’s plant in LaPorte County—were also considered; however, Bailly was deprioritized, and Michigan City was deemed “too populated” and unsuitable for SMRs.

### Company Plans and Timelines

A spokesperson for First American Nuclear shared via email that the company is currently seeking sites for its corporate headquarters, manufacturing facility, and energy park, although no final decisions have been made.

Construction for both the manufacturing and energy park sites is expected to begin in 2028.

Regarding economic and tax incentives, the spokesperson declined to provide specific figures but stated that the company is benefiting from incentives offered to all Indiana businesses. These include tax credits for builders of SMRs and research and development initiatives.

“Indiana has a highly business-friendly environment, affordable cost of living, advantageous central location, and deep pool of tech talent,” the spokesperson said. “It’s premature to provide actual numbers, but First American Nuclear is benefiting from incentives offered to all Indiana businesses.”

### Utility Perspective

In a January statement, NIPSCO said it is amid a multiyear plan to close its coal-fired generating stations and replace them with more cost-effective, efficient, and sustainable sources, including wind, solar, and battery storage.

In 2024, NIPSCO conducted four Requests for Proposal (RFP) events covering all fuel sources but did not receive any proposals for SMR projects, according to Post-Tribune archives. The utility received a total of 116 proposals.

NIPSCO was unavailable for immediate comment regarding First American Nuclear’s plans or whether any of its facilities might be considered for nuclear power.

—

As Indiana embarks on this next chapter of energy development, the debate continues between proponents advocating for advanced nuclear technologies and opponents urging investment in existing renewable solutions. The coming years will reveal how these initiatives shape the state’s energy future.
https://www.chicagotribune.com/2025/11/04/first-american-nuclear-plans-to-bring-smrs-to-indiana/

general

Chargers add offensive line help in Saints trade after Joe Alt injury

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The Los Angeles Chargers were desperate to add depth at offensive tackle as the trade deadline approached. The team has already been without Rashawn Slater and recently lost Joe Alt for the rest of the season, making the need for reinforcements even more urgent.

In the final minutes before the NFL’s 4 PM trade deadline, the Chargers managed to secure a new player to bolster their offensive line. According to ESPN’s Adam Schefter, the Chargers are trading for offensive lineman Trevor Penning from the New Orleans Saints.

Penning was selected by the Saints with the 19th overall pick in the 2022 NFL Draft. He is currently in the final year of his rookie contract, which suggests that this move is likely a half-season rental for the Chargers as they look to strengthen their roster.

More updates on this story will be provided as additional information becomes available.
https://clutchpoints.com/nfl/los-angeles-chargers/chargers-news-los-angeles-adds-offensive-line-help-saints-trade-after-joe-alt-injury

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Binance CEO Bullish on India, Seeks Regulatory Clarity to Boost Crypto Market Standing ⋆ ZyCrypto

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In a recent interview with CNBC at the ongoing Hong Kong Fintech Week (November 3-7), Binance CEO Richard Teng highlighted India as a crucial market for cryptocurrency. He attributed this to the country’s large, tech-savvy youth population, which drives rapid crypto adoption. Teng expressed hope that clearer regulations from the Indian government and regulators could significantly boost India’s position in the global cryptocurrency landscape.

“India is a very important market. It has one of the largest demographics in the world — a very tech-savvy and young population. In countries with such demographics, crypto adoption tends to be faster compared to others,” Teng said during the interview.

Teng’s comments come amid reports from Chainalysis and TRM Labs, which rank India at the top in crypto adoption indices. He reaffirmed Binance’s optimistic outlook on India and stressed the company’s ongoing collaboration with regulators.

“So, we are bullish on India and working closely with the government to see how we can support their efforts,” Teng told CNBC.

According to a report by Business Standard, Binance once controlled 90% of India’s 4 billion crypto investors. However, the exchange faced significant regulatory hurdles, including a ban that lasted nearly seven months because it was not registered with local regulators. Initially fined $2 million, Binance’s penalty later surged to $86 million.

Despite these challenges, Binance has managed to reestablish its presence in the Indian market. Vishal Sacheendran, Binance Head of Regional Markets, highlighted this progress at the Binance India Super Meetup in November 2024.

“India has always been a very important market for Binance, and the community here is a testament to what we have strived to achieve over the past few years,” Sacheendran said, as quoted by Business Standard.

Binance’s renewed focus on India coincides with growing interest from Indian policymakers and virtual asset service providers (VASPs) in cryptocurrency. In a significant policy shift, India’s Finance Minister Nirmala Sitharaman emphasized the transformative impact of innovations like stablecoins on global finance.

Speaking in early October, she noted that stablecoins are reshaping how money moves across borders, warning that India could miss out if it doesn’t take appropriate steps.

“Innovations like stablecoins are transforming the landscape of money and capital inflows. These shifts may force nations to make binary choices: adapt to a new monetary architecture or risk exclusion. Such developments underscore the scale of transformation underway,” Sitharaman said.

Meanwhile, Coinbase has resumed its operations in India after securing registration and approval from the Financial Intelligence Unit (FIU). The crypto exchange had shut down its India operations about three years ago, citing regulatory challenges.

With a clearer regulatory environment potentially on the horizon, the Indian crypto market appears poised for significant growth, drawing both industry leaders and policymakers closer to embracing digital assets.
https://bitcoinethereumnews.com/crypto/binance-ceo-bullish-on-india-seeks-regulatory-clarity-to-boost-crypto-market-standing-%e2%8b%86-zycrypto/

general

Media Silent on Islamic Religious Roots of Dearborn LGBTQ Terror Plot

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Two 20-year-old men who had acquired high-powered weapons and practiced at gun ranges were scouting LGBTQ+ bars in suburban Detroit in September for a possible Halloween attack, authorities said Monday in filing terrorism-related charges.

Mohmed Ali, Majed Mahmoud, and co-conspirators were inspired by the Islamic State group’s extremism, according to a 72-page criminal complaint unsealed in federal court. Investigators say a minor, identified only as Person 1, was deeply involved in the discussions.

The FBI said the men repeatedly referred to “pumpkins” in their conversations, a reference to a Halloween attack. The court filing states that Person 1, the minor, regularly consulted the father of a “local Islamic extremist ideologue” about when to commit a “good deed.”

The criminal complaint doesn’t specifically say why Ferndale was a target, though the man who attacked the LGBTQ+-friendly Pulse Nightclub, killing 49 people in Orlando, Florida, in 2016, had pledged allegiance to the Islamic State group.

Ferndale, which is just north of Detroit, attracts tens of thousands of people to its annual Pride parade. Former Mayor Dave Coulter, who is gay, said it was “disturbing” to hear about the alleged plot.
https://freerepublic.com/focus/f-news/4350669/posts