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Bitcoin tracks stocks higher with crypto traders staying on edge – Los Angeles Times

Bitcoin edged above $88,000 on Monday but lagged the broader rebound in US equities, with the cryptocurrency still nursing losses from last week’s selloff. The modest move higher underscores the market’s cautious mood, as bullish conviction remains muted.
The original cryptocurrency began to recover over the weekend after slumping to a seven-month low of $80,554 on Friday. Bitcoin, which had tumbled more than 20% in the past four weeks, was up less than 1% to about $88,400 on Monday. Other smaller, more volatile tokens increased more, with XRP jumping about 7% and Solana about 3% higher.
While Bitcoin is higher for a second day, traders see little cause for celebration. The wider crypto market is in a pronounced slump despite surging institutional adoption and a series of policy wins pushed for by US President Donald Trump, who has embraced the industry.
Technology stocks drove an advance in global equities on Monday as traders kicked off a data-packed week more optimistic that the Federal Reserve will cut interest rates in December.
“The lack of a broader ‘alt season’ in crypto and waning liquidity and underperformance relative to equity markets has made it more difficult to deploy meaningful capital into liquid strategies purely in crypto markets,” said Shiliang Tang, managing director of Monarq Asset Management.
In the crypto options market, traders are building downside protection at lower levels even with Bitcoin prices having seen a slight rebound in the last 24 hours. Demand for put options at the strike of $80,000 has surpassed those at $85,000, becoming the most popular contracts, according to Coinbase-owned crypto exchange Deribit.
Meanwhile, the Bitcoin funding rate – a key measure of crypto market sentiment – has turned negative in the last few days, according to CryptoQuant, meaning there is more demand for bearish bets in the perpetual futures market than bullish positions. That figure had been persistently positive even amid the market rout in recent weeks. The flip points to signs of deepening slump in digital assets as more traders bet against the largest cryptocurrency.
Without a turnaround, November will become Bitcoin’s worst month since a string of corporate collapses rocked the crypto market in 2022, a wipeout that culminated in the downfall of Sam Bankman-Fried’s FTX exchange.
“If BTC is to test 100k again this side of Christmas it likely hinges on rate cuts, a pause next month could see prolonged period before 100k for the digital asset,” said Adam McCarthy, a research analyst at Kaiko.
Despite a weekend rebound, Bitcoin remains about 30% below its record high last month, and it’s unclear how long the recovery will hold without stronger tailwinds. Open interest in perpetual futures has yet to bounce back, lingering 36% below its October peak of $94 billion.
Investors have withdrawn more than $3.5 billion from a group of US-listed Bitcoin exchange-traded funds, vehicles that have emerged as a major driver of the token’s price since their debut. A sustained reversal of those outflows has yet to emerge.
“Unlike prior crashes driven primarily by retail speculation, this year’s downturn has unfolded amid substantial institutional participation, policy shifts, and broader macroeconomic headwinds,” Deutsche Bank AG analysts wrote in a note Monday.
A recovery may also be restrained by the pressure on investors who entered the market at higher levels. Realized losses among short-term holders — wallets that have held Bitcoin for less than 155 days — have climbed to $630 million per day, the highest since the June 2022 meltdown, according to Glassnode.
“Such elevated loss realization highlights the heavier top structure built between $106,000–$118,000, far denser than previous cycle peaks,” analysts at Glassnode said in a research note. “Either stronger demand must emerge to absorb distressed sellers, or the market will require a longer, deeper accumulation phase before regaining equilibrium.”
–With assistance from Muyao Shen and Sidhartha Shukla.
Ghosh and Pan write for Bloomberg.

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Winning $50K Powerball ticket sold at Sheboygan Kwik Trip is city's 7th big winner of 2025 – The Sheboygan Press

SHEBOYGAN – Someone is $50,000 richer.
Wisconsin Lottery revealed Nov. 24 a winning $50,000 Powerball ticket was sold at the Kwik Trip at 4220 County Road J in Sheboygan for the Nov. 22 drawing.
The winning ticket matched four of five numbers (28-32-36-51-69) and the Powerball (2).
The winner has 180 days from the draw date to claim their winnings.
Information about how to claim a prize is available at wilottery.com. Players can also see if their ticket is a winner by using the Lottery’s mobile app, available at the App Store or Google Play.
This is the seventh big Lottery win in Sheboygan this year.
Other winners included the following:
The Powerball jackpot has been won five times in 2025, including the following:
The estimated jackpot for the Nov. 24 drawing was $654 million.
Wisconsin Lottery retailers who sell winning tickets over $599 receive a 2% Retailer Performance Winning Ticket Incentive, up to $100,000.
Powerball drawings are Mondays, Wednesdays and Saturdays at 9:59 p.m. Tickets must be purchased before 9 p.m. to be included in a drawing. Powerball tickets are $2 per play, with the option to buy the Power Play feature for an additional $1.
The odds to win the Powerball jackpot are 1 in 292,201,338 and the odds to win a $50,000 Powerball prize are 1 in 913,130.
Contact Brandon Reid at breid@usatodayco.com.

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Winning Lotto ticket worth $3.9 million sold in Metairie – WDSU

Check your tickets! Someone won $3.9 million on a Lotto ticket purchased from a gas station on Airline Drive in Metairie.

Check your tickets! Someone won $3.9 million on a Lotto ticket purchased from a gas station on Airline Drive in Metairie.

A lucky gambler will have a great Thanksgiving after winning the Lotto Jackpot Saturday.
After 65 rolls since April, the #Lotto jackpot HIT in #Metairie for Saturday's drawing! 🤑🎉 Join us in congratulating One Stop Shop on Airline Drive for making the lucky Louisianian 👏

👉 https://t.co/GZN57SkZRa pic.twitter.com/QSOLsbzCLZ
After 65 rolls since April, someone finally won the big prize of $3.9 million. The winning numbers were on a Lotto ticket purchased from One Stop Shop, a gas station at 1919 Airline Drive in Metairie. The winning ticket was for the Saturday drawing, according to the Louisiana Lottery. The numbers were 02-03-06-18-29-35.
Hearst Television participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites.

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Utah college sports fuel thousands of jobs, millions in economic activity – KUTV

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by Kristen McPeek, KUTV
A study from the Kem C. Gardner Policy Institute explores how college sports contribute to Utah's communities, athletes, and economy, focusing on the positive impacts sports have in the state.
"We often focus on the tangible benefits of college sports, but this report digs deeper," said director of the Gardner Institute Natalie Gochnour in a press release. “It uncovers incredible ways that athletics strengthen our social bonds, enhance the educational experience, and elevate Utah's standing on a national stage.”
The report broke down the impacts of the following:

Analysts estimate that in 2024 college sports racked up $19 million in ticket sales.
These games and sports-related activities contributed $409 million in economic output and $229 million in gross domestic product. And these sports impact the job market, as these teams add over 3,000 jobs to Utah.
According to the report, sports teams bolster the college brand, generating more value for marketing and outreach.
Beyond the economics of it all, analysts found that college sports create community bonds, unifying families and fan creating lasting memories.
"College athletics contribute to social capital by enhancing a sense of connection among students, staff, faculty, alumni, and the community. For many, this connection extends over many years and even a lifetime," researchers wrote.
The report continued to say that the network created through sports bonds can help in future job opportunities, business connections, volunteerism, and overall emotional and physical well-being.

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2025 Sinclair, Inc.

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Henderson County woman wins $100,000 in digital instant game – NC Education Lottery

Christina Ezell of Mountain Home won $100,000 playing The Lamp digital instant game on a $20 ticket.
Ezell’s win occurred with Online Play on Thursday. She claimed her prize Friday at lottery headquarters and, after required federal and state tax withholdings, took home $71,756.
In The Lamp digital instant game, a player can play from 50 cents to $30 with the top prize being $150,000.
Digital instant games are played exclusively online on the lottery’s website or on the NC Lottery Official Mobile App. Fifty-eight different games are available to play online now.
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