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Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (‘Fortune Bay’ or the ‘Company’) is pleased to announce the appointment of Patrick McGrath as Chief Financial Officer (‘CFO’). Mr. McGrath succeeds Sarah Oliver, who will be stepping aside after serving as CFO since 2016. Ms. Oliver will remain involved over the coming months to ensure a smooth transition.

Patrick McGrath – Experienced Resource-Sector Executive
Mr. McGrath is a seasoned finance executive with over 25 years of experience in the resource industry. He has held senior leadership roles in multiple public companies, most recently as Chief Executive Officer of Blue Moon Metals Inc. until November 2024, and previously as Chief Financial Officer and later Chief Executive Officer of Hemlo Mining Corp. until May 2023, then known as Carcetti Capital Corp., a former producing oil and gas company in Eastern Europe.

Mr. McGrath holds a Bachelor of Commerce from Memorial University and is a Chartered Professional Accountant (CPA) in Canada. He brings extensive expertise in corporate finance, capital markets, and financial strategy, with a proven track record of supporting resource companies through exploration, development, and growth stages.

Leadership Transition
Ms. Oliver has played a key role in Fortune Bay’s financial stewardship for nearly a decade, ensuring strong compliance, reporting integrity, and fiscal discipline. Her contributions have been instrumental in positioning the Company with a solid financial foundation as it advances its gold project portfolio.

Dale Verran, CEO of Fortune Bay, commented, ‘On behalf of the Board and management team, I am delighted to welcome Patrick McGrath to Fortune Bay. Patrick’s depth of financial expertise and leadership experience will be invaluable as we advance our projects and pursue growth opportunities. I would also like to sincerely thank Sarah Oliver for her many years of dedicated service. Sarah has been a trusted steward of our financial operations and a valued member of our leadership team. We are grateful for her contributions and support through this transition.’

Patrick McGrath, incoming CFO, stated, ‘I am excited to be joining Fortune Bay at such a pivotal and exciting time for the Company. With a strong project portfolio, a clear growth strategy, and significant opportunities ahead, I look forward to contributing to Fortune Bay’s success and working with the team to deliver value for shareholders.’

About Fortune Bay
Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF; FWB:5QN; OTCQB:FTBYF) is a gold exploration and development company advancing high-potential assets in Canada and Mexico. With a strategy focused on discovery, resource growth and early-stage development, the Company targets value creation at the steepest part of the Value Creation Curve. Its portfolio includes the development-ready Goldfields Project in Saskatchewan, the resource-expansion Poma Rosa Project in Mexico, and an optioned uranium portfolio in the Athabasca Basin providing non-dilutive capital and upside exposure. Backed by a technically proven team and tight capital structure, Fortune Bay is positioned for multiple near-term catalysts. For more information, visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.

On behalf of Fortune Bay Corp.

‘Dale Verran’
Chief Executive Officer
902-334-1919

Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as ‘expects’, ‘aims’, ‘anticipates’, ‘targets’, ‘goals’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘continues’, ‘may’, variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements.

Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans, statements, exploration results, potential mineralization, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify targets or mineralization, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to reach access agreements with other Project communities, amendments to applicable mining laws, uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay’s website at www.fortunebaycorp.com. 

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

SOURCE Fortune Bay Corp.

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News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (December 3) 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$92,758.95, up by 4.1 percent over 24 hours.

Bitcoin price performance, December 3, 2025.

Chart via TradingView.

After Bitcoin stared the week with its largest single-day decline in a month, it rallied about 6.6 percent in 24 hours to reclaim US$93,000. This now marks Bitcoin’s highest intraday level in more than two weeks.

Despite the cryptocurrency’s rebound, analysts are still urging caution and advising investors to await clearer macro signals before fully re-entering higher-risk assets.

Ether (ETH) also regained ground and is currently priced at US$3,051.34, up 7.1 percent over 24 hours.

Altcoin price update

  • XRP (XRP) was priced at US$2.19, an increase of 4.6 percent over 24 hours.
  • Solana (SOL) was trading at US$142.17, up by 6.6 percent over 24 hours.

Today’s crypto news to know

Strategy faces possible removal from MSCI indexes

Michael Saylor’s Strategy (NASDAQ:MSTR) is in discussions with index provider MSCI as the company thinks about removing Strategy from major stock indexes, according to Reuters.

MSCI is considering cutting companies whose business model is to buy crypto. Strategy currently holds about 650,000 BTC and has relied on new debt and equity issuance to add to its holdings.

JPMorgan Chase (NYSE:JPM) estimates a removal could trigger up to US$8.8 billion in outflows if other index providers follow suit. Saylor said the company is participating in MSCI’s review process, but questioned the scale of possible selling projected by JPMorgan. A verdict is expected by January 15 of next year.

Sony partner launches stablecoin for Soneium

Startale Group has launched USDSC, a stablecoin pegged to the US dollar that is designed to serve as the default settlement currency on Sony Group’s (NYSE:SONY,TSE:6758) Soneium blockchain.

According to a Decrypt report, the launch includes a new rewards program called STAR Points that is geared at encouraging user activity across payments, liquidity supply and app interaction. Soneium went live earlier this year following a test phase that drew 14 million users and processed 50 million transactions.

Startale CEO Sota Watanabe said USDSC aims to support payments and yield generation across the network’s creator-focused ecosystem. Stablecoin infrastructure firm M0 is providing backend support for issuance and liquidity.

A waitlist for the Startale app is open to users seeking early access to USDSC features and rewards.

SEC blocks rollout of high-leverage ETFs

The US Securities and Exchange Commission (SEC) has halted the approval process for multiple ultra-leveraged exchange-traded funds (ETFs), citing concerns about investor risk.

Warning letters were sent to nine issuers, including Direxion, ProShares and Tidal, affecting products designed to offer more than 2x exposure to equities, commodities and cryptocurrencies.

The SEC said the proposals exceed regulatory limits on allowable leverage and rely on benchmark definitions that may fail to reflect true market volatility. Some of the planned funds target exposure to highly volatile assets. No 3x or 5x single-stock ETFs currently exist in the US due to existing restrictions.

Leveraged ETF trading has surged since 2020, with total assets rising to around US$162 billion.

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

This post appeared first on investingnews.com

The NBA season is well underway and the Milwaukee Bucks are limping into the middle of the season. Sure, star forward Giannis Antetokounmpo has been sidelined with a groin injury, but if the rumor mill is to be believed, the team could be without him again rather soon.

Sitting at 9-13, Bucks could be forced to face an unfortunate reality this season: the Greek Freak might leave town. On Tuesday, Dec. 2, Antetokounmpo scrubbed his social media profiles clean of almost all references to the Bucks. While ESPN’s Shams Charania has reported that Antetokounmpo and his agent are in talks with the Bucks regarding his future with the club, that hasn’t stopped fans from speculating where Antetokounmpo could land in a potential trade. After all, Charania also reported that they believe the Antetokounmpo situation will resolve itself within the next few weeks.

Here are the latest rumors regarding Antetokounmpo’s future in Milwaukee:

What do we know about the Antetokounmpo situation?

We know that Antetokounmpo was unhappy with the Bucks’ organization. He deleted all mentions of the Bucks from his social media pages on Tuesday, Dec. 2.

Futhermore, a recent interview with ESPN’s Brian Windhorst revealed that Antetokounmpo had asked to be traded to the New York Knicks during the most recent offseason.

However, Windhorst also assured listeners that Giannis was not moved and that the team has no plans to move him.

Antetokounmpo is signed with Milwaukee through the 2027-28 season, but Windhorst seems confident that Antetokounmpo could be moved before the start of next season.

Bucks coach Doc Rivers said Wednesday that Antetokounmpo has not requested a trade.

‘There have been no conversations,’ Rivers said. ‘I want to make it clear for, I would say one more time, but for the 50th time it clearly is not getting to one network … Giannis has never asked to be traded. Ever. I can’t make that more clear.’

Possible destinations for Antetokounmpo

The New York Knicks are the obvious destination. Windhorst mentioned that Antetokounmpo had asked to be traded there during the offseason.

  • Brooklyn Nets: lots of draft capital to trade
  • San Antonio Spurs: win-now mode
  • Houston Rockets: young talent to trade
  • Atlanta Hawks: young talent to trade
  • Los Angeles Lakers: win-now mode

Latest Antetokounmpo trade rumors

Outside of his interest in the Knicks, very little is known about Antetokounmpo’s potential suitors, but it is likely every team will at least touch base with the Bucks regarding the future Hall of Famer.

Other outlets have pointed at the Houston Rockets as a team that could provide the best possible NBA-ready talent, with players such as Amen Thompson, Reed Sheppard, and/or Jabari Smith Jr. (although his poison pill contract would make that difficult). Although the Rockets went out of their way to build a team centered around offseason acquisition Kevin Durant, a pairing with Antetokounmpo would obviously be a massive addition for a team looking to compete with the Oklahoma City Thunder. Still, reports have yet to emerge detailing Houston’s potential interest in The Greek Freak.

That said, the decision might ultimately come down to Antetokounmpo himself. According to ESPN’s Brian Windhorst, the Bucks might not make Antetokounmpo available to the entire league, instead opting to let Antetokounmpo pick a team with whom the organization will eventually work out a deal with. If that is the case, it might be only a matter of time before we see Antetokounmpo in Knickerbocker orange.

When is the NBA trade deadline?

This season’s trade deadline is set for Thursday, Feb. 5 at 3 p.m. ET.

This post appeared first on USA TODAY

Firing a coach in-season isn’t ideal — for many reasons. It means your season has gone south and likely your recruiting class with it. How do you retain commits and continue to recruit with so much uncertainty?

Just look at Penn State.

The Nittany Lions still have no coach after firing James Franklin in mid-October. And so when the early signing period opened Wednesday, Dec. 3, Penn State added just two players — putting their class at 150th nationally per 247Sports rankings. Right next to South Dakota State and Princeton.

UCLA fired coach Deshaun Foster in September — just three games into the season — and went the rest of the regular season without a permanent coach. Despite uncertainty beyond 2025, the Bruins stayed afloat in recruiting. UCLA was able to keep players committed, and opened the early signing period with the No. 71-ranked class. Modest, but not bad for a team whose new coach will be coaching another team this weekend.

UCLA will hire James Madison coach Bob Chesney, with a deal expected after the Sun Belt championship game on Friday, Dec. 5. But Chesney hasn’t done any official work for the Bruins yet, so how did the Bruins keep recruiting momentum?

That’s where general manager Khary Darlington comes in. He and his staff and assistant coaches continued to hit the recruiting trails even though they didn’t know who the next coach would be — or if they’d be retained.

The motto with the support staff was ‘straighten your back and let’s get out there and do the job.’ Even through the doubt about UCLA’s future, Darlington said the staff fed off the momentum of each other and fully bought into the vision it was trying to create. It was the extra boost they needed to keep forging ahead.

‘Having the conversations after the coaching change, I don’t know if I can clearly articulate how difficult some of these conversations were,’ Darlington told reporters Dec. 3.

There were players that re-opened their recruitment following Foster’s departure, and Darlington said some players still committed wanted to see what their options were. He said rather than ‘trying to handcuff people and not acknowledging what their experience is,’ Darlington and his staff took the approach of honesty and giving recruits space to explore every scenario. Ultimately, he believes that paid off.

‘Rather than convincing people not to waiver, we encourage them and respected them. We encourage them to go through their process and told them that we will respect whatever that process was,’ he said. ‘I think that is what I guess you could say what our secret sauce was.’

As a result, UCLA ended the first day of the early signing period with 12 players signed, and a few more expected in the coming days.

Not having a coach did hurt the Bruins though. Two of their top recruits, four-stars Micah Smith (Illinois) and Carter Gooden (Tennessee), flipped. Still, 12 players isn’t too bad.

That doesn’t include four-star defensive lineman Anthony Jones from Irvine, California. Jones was one of the several players who de-committed after Foster was fired. He committed back to the Bruins in November and intends on signing his national letter of intent in February.

Darlington said ‘there was a lot of appreciation’ within the staff for pulling Wednesday off. It was an emotionally taxing adventure, but there’s belief UCLA is set up well for its next regime.

Not something every under-construction team can say.

‘Just the mere fact that we were able to land the amount of players that we have landed, have our staff be as motivated as they were throughout the entire process and finish strong the way that we did is encouraging,’ Darlington said.

This post appeared first on USA TODAY

The seeds are set, now its time to get the NCAA Division I volleyball tournament started. The first round will take place Thursday, Dec. 4, and Friday, Dec. 5, at school sites across the country.

Sixty-four teams are vying for the title with the No. 1 overall seed going to undefeated Nebraska, which is 30-0. The Cornhuskers, who are in their first season under coach Dani Busboom Kelly, won the last of their five national titles in 2017.

Kentucky, Texas, and Pitt are the other No. 1 seeds. The Wildcats have lost two matches, the Longhorns three and the Panthers four this season.

Defending champion Penn State finished 18-12 and is a No. 8 seed in the Austin region. The Nittany Lions face South Florida (17-12) in the first round on Friday.

The 2025 NCAA volleyball Final Four will be held at the T-Mobile Center in Kansas City, Missouri. It’s the third time since 2010 that the venue, formerly known as the Sprint Center, has hosted the volleyball national championship.

Here’s everything you need to know about the NCAA volleyball tournament:

How to watch NCAA volleyball tournament

  • Streaming: ESPN+ ∣ Fubo (free trial)

The 2025 NCAA volleyball tournament will air across the ESPN and ABC family of networks. All first- and second-round games can be found streaming on ESPN+, ESPN’s subscription streaming service, and Fubo, which offers a free trial to potential subscribers.

Watch the 2025 NCAA volleyball tournament live with Fubo (free trial)

What time is NCAA volleyball tournament?

  • Date: Thursday, Dec. 4 and Friday, Dec. 5
  • Start time: 32 matches, beginning at 3 p.m. ET Thursday. The last match starts at 10 p.m. ET Friday. Match-by-match times below.

NCAA volleyball first-round matchups, game times

Lexington bracket

  • No. 1 Kentucky (25-2) vs. Wofford (17-13), 7 p.m. ET, Thursday
  • No. 8 UCLA (18-12) vs. Georgia Tech (16-13), 4:30 p.m. ET, Thursday
  • No. 5 BYU (22-8) vs. Cal Poly (25-7), 8 p.m. ET, Thursday
  • No. 4 USC (24-6) vs. Princeton (18-6), 10:30 p.m. ET, Thursday
  • No. 3 Creighton (25-5) vs. Northern Colorado (17-15), 8 p.m. ET, Thursday
  • No. 6 Northern Iowa (25-5) vs. Utah (15-14), 5:30 p.m. ET, Thursday
  • No. 7 Tennessee (20-7) vs. Utah State (23-7), 6:30 p.m. ET, Thursday
  • No. 2 Arizona State (26-3) vs. Coppin State (23-11), 9 p.m. ET, Thursday

Austin bracket

  • No. 1 Texas (23-3) vs. Florida A&M (14-16), 8 p.m. ET, Friday
  • No. 8 Penn State (18-12) vs. South Florida (17-12), 5:30 p.m. ET, Friday
  • No. 5 Colorado (22-8) vs. American (24-4), 3 p.m. ET, Thursday
  • No. 4 Indiana (23-7) vs. Toledo (23-10), 5:30 p.m. ET, Thursday
  • No. 3 Wisconsin (24-4) vs. Eastern Illinois (24-7), 8 p.m. ET, Thursday
  • No. 6 UTEP (25-4) vs. North Carolina (21-8), 5:30 p.m. ET, Thursday
  • No. 7 South Dakota State (23-4) vs. Arizona (16-12), 7:30 p.m. ET, Friday
  • No. 2 Stanford (27-4) vs. Utah Valley (16-10), 10 p.m. ET, Friday

Pittsburgh bracket

  • No. 1 Pitt (26-4) vs. UMBC (13-11), 6:30 p.m. ET, Friday
  • No. 8 Xavier (26-4) vs. Michigan (21-10), 4 p.m. ET, Friday
  • No. 5 Iowa State (22-7) vs. St. Thomas (21-9), 5:30 p.m. ET, Friday
  • No. 4 Minnesota (22-9) vs. Fairfield (25-5), 8 p.m. ET, Friday
  • No. 3 Purdue (24-6) vs. Wright State (21-10), 7 p.m. ET, Thursday
  • No. 6 Baylor (17-9) vs. Arkansas State (22-8), 4:30 p.m. ET, Thursday
  • No. 7 Rice (21-9) vs. Florida (15-11), 5 p.m. ET, Friday
  • No. 2 SMU (25-5) vs. Central Arkansas (18-11), 7:30 p.m. ET, Friday

Lincoln bracket

  • No. 1 Nebraska (30-0) vs. LIU (20-8), 8 p.m. ET, Friday
  • No. 8 San Diego (25-4) vs. Kansas State (17-3), 5:30 p.m. ET, Friday
  • No. 5 Miami (26-5) vs. Tulsa (25-6), 5 p.m. ET, Thursday
  • No. 4 Kansas (22-10) vs. High Point (18-9), 7:30 p.m. ET, Thursday
  • No. 3 Texas A&M (23-4) vs. Campbell (23-6), 7:30 p.m. ET, Friday
  • No. 6 TCU (20-10) vs. Stephen F. Austin (23-7), 5 p.m. ET, Friday
  • No. 7 Western Kentucky (27-5) vs. Marquette (17-10), 4 p.m. ET, Friday
  • No. 2 Louisville (24-6) vs. Loyola Chicago (17-15), 6:30 p.m. ET, Friday

NCAA volleyball tournament rounds

  • Second round: Dec. 5-6
  • Regionals: Dec. 11 and 13 or Dec. 12 and 14
  • Semifinals: Thursday, Dec. 18
  • National championship: 3:30 p.m. ET on Sunday, Dec. 21

All games on ESPN Unlimited, ESPN, ABC

NCAA volleyball tournament automatic qualifiers

Here’s a look at the 31 teams that earned automatic berths to the 2025 NCAA volleyball tournament by virtue of winning their conferences:

  • ACC: Stanford
  • American: Tulsa
  • American East: UMBC
  • Atlantic Sun: Central Arkansas
  • Atlantic 10: Loyola Chicago
  • Big East: Creighton
  • Big Sky: Northern Colorado
  • Big South: High Point
  • Big Ten: Nebraska
  • Big 12: Arizona State
  • Big West: Cal Poly
  • CAA: Campbell
  • Conference USA: Western Kentucky
  • Horizon: Wright State
  • Ivy: Princeton
  • MAAC: Fairfield
  • MAC: Toledo
  • MEAC: Coppin State
  • Missouri Valley: Northern Iowa
  • Mountain West: Utah State
  • NEC: LIU
  • Ohio Valley: Eastern Illinois
  • Patriot: American
  • SEC: Kentucky
  • SoCon: Wofford
  • Southland: Stephen F. Austin
  • SWAC: Florida A&M
  • Summit: St. Thomas
  • Sun Belt: Arkansas State
  • WAC: Utah Valley
  • WCC: San Diego

When is the NCAA volleyball Final Four in 2025?

  • Dates: Thursday, Dec. 18 and Sunday, Dec. 21

The two semifinal matches in the Final Four of the 2025 NCAA volleyball tournament will take place on Thursday, Dec. 18 and will be followed three days later by the national championship game on Sunday, Dec. 21.

NCAA volleyball tournament champions

Penn State is the reigning NCAA volleyball champion, having defeated Louisville in four sets last year in the national title game. It was the Nittany Lions’ eighth volleyball championship since 1999.

Here’s a look at the past 10 NCAA volleyball champions:

  • 2024: Penn State
  • 2023: Texas
  • 2022: Texas
  • 2021: Wisconsin
  • 2020: Kentucky
  • 2019: Stanford
  • 2018: Stanford
  • 2017: Nebraska
  • 2016: Stanford
  • 2015: Nebraska

For the full list of champions, click here.

This post appeared first on USA TODAY

On a day where big questions arose about Giannis Antetokounmpo’s future with the Milwaukee Bucks, the team is now holding its breath about his immediate health.

The Bucks superstar exited Milwaukee’s contest against the Detroit Pistons in the first quarter and was ruled out for the game with what the team called a ‘right calf strain.’

Antetokounmpo went down suddenly while heading back up the court after feeding AJ Green for a layup. The two-time MVP headed back to the locker room and the Bucks ruled him out for the game a short time later.

He scored two points and had a rebound and an assist in just 3 minutes of play.

Despite Antetokounmpo’s early exit, the Bucks defeated the East-best Pistons, 113-109.

Giannis Antetokounmpo injury update

Bucks coach Doc Rivers told reporters during his postgame availability that Antetokounmpo was getting an MRI ‘right now.’ He was hopeful the team would know more about Antetokounmpo’s status soon but added the team believed it was not an Achilles injury.

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

  • Colorado coach Deion Sanders signed a small high school recruiting class, ranking near the bottom of the Big 12.
  • Sanders defends his strategy of relying on the transfer portal over traditional high school recruiting.
  • Critics argue this approach hinders team chemistry and long-term development after a 3-9 season in 2025.

Colorado football coach Deion Sanders signed only nine high school players to his 2026 recruiting class Wednesday after some top recruits withdrew their commitment to play for him recently — dropping the Buffaloes to 16th out of 16 teams in the Big 12 Conference, according to the recruiting rankings of 247Sports’ and On3, as of Dec. 3.

But signing such a small freshman class is all part of Sanders’ plan, according to him. He doesn’t make off-campus visits to high school recruits and was a pioneer in college football for relying on transfer players instead.

The question is whether this is the right strategy after his team finished 3-9 in 2025. Should he focus more on developing high school players and getting them to stick around in Boulder? Or is his strategy still sensible since players can transfer to a new school every year if they’re not happy with their playing time or compensation?

The debate rages on at the start of the football signing period on Dec. 3.

“Just to go into the (transfer) portal, it becomes like trying to build through free agency,’ former Colorado and NFL linebacker Chad Brown told USA TODAY Sports recently. ‘You can get it done in spots if you’ve got a hole that you need filled, but home-grown talent is always going to be the best to coach up and get up to speed with your offense and defense. 

‘If every year you’re trying to build a new team, you can’t ever get to layer two in your playbook. You’re always operating on the surface, and then these guys don’t get the chance to come together as a team.”

Deion Sanders sees it differently

The high school recruiting class Sanders signed included four-star defensive back Preston Ashley and four-star linebacker Carson Crawford. Colorado still could sign more players in the next day or two and move up in the subjective rankings after confirming nine high school signees as of Dec. 3, plus Ventura College defensive lineman Domata Peko Jr., son of the Colorado assistant coach and former NFL star.

But these signings are only a precursor to his bigger roster moves coming when the transfer portal opens Jan. 2. That’s when Sanders will bring in players from other colleges, many of them backups looking for better playing time or income opportunities. Sanders pioneered the portal-heavy strategy during his first year in 2023, when he brought in 47 scholarship transfer players from other four-year colleges to fill a roster limited to 85 scholarship players.

“You want about 15 to 17 high school kids,” Sanders said at a news conference last week in Boulder.  “Why do you say that, coach?’ Well, check the statistics. You get 30. Are they gonna be here in two years? Statistically, check the statistics.”

USA TODAY Sports checked the statistics: He’s signed 43 total high school scholarship recruits during his first three seasons at Colorado, an average of 14 per year, compared to the 25 or 30 that some schools sign. Only 21 of those 43 were still on Colorado’s roster at the end of the 2025 season. The rest transferred out already or left for other reasons.

One was freshman four-star linebacker Mantrez Walker, who signed with Colorado out of high school last year and recently announced his decision to transfer out.

“In Mantrez’s case, he had a situation where his playing time was pretty limited this season and there were opportunities that he believes are going to be a better fit,” said Jacob Piasecki, co-founder of A&P Sports, the agency that represented Walker’s name, image and likeness (NIL) interests for compensation.

Piasecki told USA TODAY Sports it was more about Colorado’s plan for him, not NIL money, per se, but playing time and money are intertwined. “There’s definitely a correlation between how much they pay you and how much they play you,” Piasecki told USA TODAY Sports.

Why didn’t Deion Sanders’ recruiting strategy work in 2025?

Sanders said he mostly “hit” on his high school recruits but missed on his transfer portal recruits. His most high-profile transfer recruit last year was former Liberty quarterback Kaidon Salter, whose record as a starter for Colorado was 3-6 in 2025.

In previous years, Colorado “hit” on transfer recruits that included his quarterback son Shedeur (Jackson State), Heisman Trophy winner Travis Hunter (Jackson State), receiver Jimmy Horn Jr. (South Florida) and receiver LaJohntay Wester (Florida Atlantic). All four were drafted into the NFL in April after leading the Buffaloes to a 9-4 season in 2024.

“Nowadays, if kids aren’t playing by that spring of that second go-round, they out — they jump in the portal,” Deion Sanders said. “You got to figure out the strategy. What do you want to go? How do you want to get it? The strategy a year ago was the same strategy it was last year. And you hit on your portal guys. You hit on your freshman guys. This year, you hit on your freshmen, to me, some of them. And you missed on your portal. So that’s why we’ sitting where we sit. It’s not like you didn’t have a strategic plan. No, you had a strategic plan. You missed. Sometimes it happens. And I’m going to take responsibility. I’m not going to say we missed. I missed.”

The risk of Deion Sanders’ strategy

Sanders’ teams have been up and down since his arrival: a 3-0 start in 2023 followed by a 1-8 finish, then 9-4 in 2024, followed by five straight losses to end the 2025 season at 3-9. It’s arguable that trait is a symptom of the roster churn, with so many new players every year who have no prior chemistry.

By contrast, several top teams today were expected to sign around 25 to 30 high school recruits this week, including Southern California, Georgia and Ohio State. Those schools just hope they can hang on to those players beyond next year.

In Colorado’s case, Sanders also hopes to hang on to his own former high school recruits, including standout offensive tackle Jordan Seaton and quarterback Julian Lewis. Lewis has said he’s staying after redshirting in 2025. Seaton’s future isn’t clear.

“Buffs could have consistently brought in great players from the high school level, but instead, just don’t,” On3 recruiting analyst Josh Newberg recently said on social media site X.  “You’re not finding Jordan Seaton-type players in the portal.”

But Sanders did find NFL-caliber players in the portal before. In 2025, his best defensive player was safety Tawfiq Byard, a transfer from South Florida who led the team in tackles (84). He has two more years of college eligibility but could jump in the portal Jan. 2 just like the rest after the NCAA allowed unrestricted annual player transfers last year.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

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Oil prices climbed higher on Monday (December 1) as an escalation in US-Venezuela tensions reached a fever pitch, offsetting weeks of losses driven by oversupply expectations.

The shift also came after the Caspian Pipeline Consortium (CPC), a key transit route that carries about 1 percent of global oil, halted operations over the weekend. The company reported that a mooring point at its Russian Black Sea terminal was damaged in a Ukrainian drone attack, temporarily curbing exports.

Ukraine has also targeted two oil tankers heading toward Novorossiysk, further rattling market sentiment.

The supply shock landed just as OPEC+ opted to leave production levels unchanged for Q1 2026.

The group had signaled the possibility of a pause as early as November, seeking to avoid exacerbating what analysts feared could become a sizeable glut. The decision provided a modest anchor for traders recalibrating expectations.

“For some time, the narrative has centred on an oil glut, so OPEC+’s decision to maintain its production target provided some relief and helped stabilise expectations for supply growth in the coming months,” Anh Pham, senior analyst at data provider LSEG, explained to Reuters.

Even with Monday’s rise, both Brent and WTI futures settled lower this past Friday (November 28). This marked their fourth straight monthly decline and the longest losing streak since 2023.

Venezuela condemns US “colonialist threat”

A far more dramatic source of volatility also emerged from Washington over the weekend.

On Saturday (November 29), US President Donald Trump declared that “the airspace above and surrounding Venezuela” should be considered closed, posting a warning on social media.

Trump also told service members last week that US forces would “very soon” begin land-based operations targeting Venezuelan drug-trafficking networks. Further, reports surfaced that the White House and Caracas had held a tense, last-ditch phone call aimed at defusing a worsening standoff.

According to sources cited by the Miami Herald, Washington told President Nicolás Maduro he could secure safe passage for himself, his wife Cilia Flores and his son only if he stepped down immediately. The conversation stalled as Venezuela refused to surrender control of its armed forces or agree to Maduro’s resignation.

Washington has been increasingly aggressive toward what it describes as Venezuela’s Cartel de los Soles, which US officials accuse Maduro and senior leaders of operating.

Last month, the Department of State’s decision to designate the cartel a foreign terrorist organization placed Maduro, Diosdado Cabello and Vladimir Padrino López in the same legal category as al-Qaeda and ISIS.

Caracas condemned the aggression, labeling it as a “colonialist threat” seeking support from its allies.

On Sunday (November 30), Maduro issued an appeal to fellow OPEC members, urging the bloc to help counter what he described as “growing and illegal threats” from the United States.

In a letter published by state broadcaster TeleSUR, he accused Washington of trying to “seize” Venezuela’s oil reserves and warned that US military pressure could disrupt the global energy market.

“I hope to count on your best efforts to help stop this aggression, which is growing stronger and seriously threatens the balance of the international energy market, both for producing and consuming countries,” Maduro wrote.

Venezuela exported just US$4.05 billion worth of crude oil in 2023, far below other major producers, due largely to US sanctions imposed during Trump’s first term.

Brent crude stood at US$62.76 per barrel on Tuesday (December 2) morning, while WTI was trading at US$58.93.

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

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Here’s a quick recap of the crypto landscape for Monday (December 1) 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$85,482.46, down by 6.4 percent over 24 hours.

Bitcoin price performance, December 1, 2025.

Chart via TradingView.

Bitcoin marked its largest single-day decline in a month, continuing a sell-off that started in November.

This sharp downturn was influenced largely by rising expectations of a Bank of Japan rate hike at its December meeting, which triggered a surge in Japanese bond yields, strengthening the yen and prompting global investors to pull capital from risk assets like Bitcoin. This caused liquidations of speculative long positions and created downward price pressure.

However, significant technical support levels lie around US$86,000 to US$79,600, with further downside possible to US$67,700 and major support between US$45,000 and US$70,000 if bearish momentum persists. Holding above roughly US$85,200 is critical to avoid deeper bearish territory.

Farzam Ehsani, CEO of cryptocurrency exchange VALR, added that concerns about MSCI potentially excluding major crypto-holding companies such as Strategy from global indices are adding pressure through expected forced sell-offs, further weakening market structure and liquidity.

“The recovery of the cryptocurrency market, and Bitcoin in particular, after the decline of the last month and a half, will take some time. The main questions at the moment are how the market will close out this year and whether Bitcoin will recover above $100,000 in December.”

Ether (ETH) also experienced a steep decline, priced at US$2,757.79, down by 8.9 percent over 24 hours.

Derivatives data

Derivatives data showed US$10.93 million liquidated in BTC shorts positions over the final four hours of trading, indicating short sellers getting squeezed out as price stabilized rather than accelerating lower.

Open interest edged up 0.50 percent to US$57.63 billion, showing fresh positions entering despite the dip, which often signals sustained trader interest and potential stabilization or rebound setup.

A funding rate of -0.001 percent reflects mild bearish sentiment, common in corrections but not extreme enough to indicate panic selling. BTC’s RSI at 32.58 marks deeply oversold territory, suggesting selling may be nearing a climax and creating conditions for a short-term bounce if support holds.

Altcoin price update

  • XRP (XRP) was priced at US$2.02, down by eight percent over 24 hours.
  • Solana (SOL) was trading at US$124.54, down by 9.3 percent over 24 hours.

Today’s crypto news to know

Bitcoin’s weekend slide wipes out US$637 million 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.

Goldman Sachs boosts ETF offerings with Innovator Capital acquisition

Goldman Sachs (NYSE:GS) has agreed to buy Innovator Capital Management, a company specializing in defined outcome ETFs, in a deal worth about US$2 billion in cash and stock, according to a Monday announcement.

Defined outcome ETFs are special funds that limit losses or cap gains for investors using options contracts.

Innovator’s US$28 billion in assets and 159 ETFs will significantly enhance Goldman Sachs Asset Management’s ETF portfolio, increasing that bank’s total ETF lineup from US$51 billion to US$79 billion.

The acquisition payment partly depends on Innovator meeting certain performance targets after the deal closes, which were not publicly disclosed. The deal is expected to close in Q2 2026, subject to regulatory approval and other usual conditions.

Goldman Sachs will fully own the Innovator business, integrating its 60-plus employees into Goldman’s teams. However, Innovator’s investment managers and services will remain unchanged.

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.

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Goldgroup Mining (TSXV:GGA, OTC:GGAZF) is a Canadian gold company advancing a portfolio of high-quality producing and development assets in Mexico. With 100 percent ownership of Cerro Prieto, Pinos and the newly acquired San Francisco mine, the company is positioned for disciplined, near-term production growth.

Goldgroup’s strategy is clear: optimize and expand production at its flagship Cerro Prieto mine, advance Pinos toward a production decision, and restart the large-scale San Francisco mine. Together, these projects target over 100,000 ounces of annual production, with additional upside from exploration, resource growth, and future acquisitions.

The company is led by an experienced team with deep expertise in developing and optimizing Mexican mines. Backed by strong financial support from the Calu Group and Luca Mining founders, Goldgroup benefits from a proven track record in value creation through mine development, operational turnarounds, and strategic M&A.

Company Highlights

  • Two operating or near-term production gold assets in Mexico, 100-percent-owned and fully permitted.
  • Cerro Prieto expansion completed, increasing from ~12,500 oz/year to 30,000+ oz/year during 2026 and beyond, including tailings re-processing.
  • Its second asset, Pinos, is a fully permitted high-grade underground development project with historical resources and +90 percent metallurgical recoveries.
  • San Francisco acquisition in progress, a past producer capable of ~40,000 oz/year with significant exploration upside.
  • Aggressive M&A strategy aimed at fast-tracking Goldgroup into the mid-tier producer category with advanced due diligence nearing completion. .
  • Backed by the Calu Group and the founders of Luca Mining, bringing extensive operational and financing expertise in Mexico.

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