In a strategic move to break China's stranglehold on critical minerals, US rare earth producer MP Materials has announced a three-way partnership with the US Department of War and Saudi Arabia's state mining company to build a processing facility in the Gulf kingdom. The deal underscores how rare earth supply chains have become a national security priority amid rising geopolitical tensions.

The cryptocurrency market has shed more than $1 trillion in value over the past six weeks as worries about inflated tech valuations and the Federal Reserve's interest rate policy triggered a brutal selloff in speculative assets. What began as a correction has evolved into one of the sharpest downturns in recent crypto history, erasing nearly all gains made earlier in the year.

Amazon is raising $12 billion through its first US bond sale in three years, joining a wave of Big Tech companies turning to debt markets to finance massive spending on artificial intelligence infrastructure. The move signals that even cash-rich tech giants are choosing to borrow rather than drain their reserves as the AI arms race intensifies.

The Bank of England has moved forward with controversial plans to cap how many UK stablecoins individuals and businesses can hold, though the central bank partially walked back its initial proposals following pushback from the crypto industry.

Ripple announced on the 5th of November that it has raised $500 million in new funding from a consortium of traditional finance heavyweights and crypto-native investors, valuing the San Francisco-based payments company at $40 billion. The investment marks one of the largest crypto funding rounds of the year and signals growing institutional confidence in the stablecoin sector.