Crypto News: Anthony Pratt's US move

Good morning, it's Chris here in Melbourne with your daily dose of news. Australian shares are set to open steady today, but first...

Today's must-reads:
• Pratt's US move
• Resolute's Mali woes
• Who's shunning Nvidia?

Billionaire Anthony Pratt is moving to the US after being granted a green card, the Visy chairman revealed on LinkedIn yesterday. Pratt was in the spotlight last year after press reports alleged that US President-elect Donald Trump shared secrets about nuclear subs with him.

Rich Australians, meanwhile, will likely seek even more investments abroad as their assets grow, said Anthony Sweetman, the joint country head of UBS Australasia.

Resolute Mining shares slumped by a third on the ASX yesterday following news that its CEO and two other employees were detained in Mali by the military government. The gold miner finds itself at the center of a broad shakeup of regulatory regimes across West Africa as cash-strapped governments seek more resources revenue.

Gina Rinehart-backed lithium miner Liontown Resources has trimmed production plans for its flagship Kathleen Valley lithium project. It's the latest miner of the battery metal to curb output amid weaker prices.

New Zealand PM Christopher Luxon said his country's relationship with the US was important and will continue under Trump's presidency, and he expected to continue working with Americans in the Pacific region.

While a tariff war with China seems almost guaranteed under the President-elect, the real danger lies in a standoff over Taiwan, writes Bloomberg Opinion's Minxin Pei.

A post-election rally in US shares stalled as technology shares got hit, though most stocks gained. Bitcoin continued its record run to top $87,000 and the dollar hit a one-year high. Australia shares are set to open steady.

Japanese PM Shigeru Ishiba pledged more than $65 billion of support for the nation's semiconductor and artificial intelligence sector over the next decade. He spoke after winning a vote in parliament to stay on as premier.

A money manager dubbed by the UK press as Britain's answer to Warren Buffett explains why he's avoiding the world's largest stock.

• Westpac Consumer Confidence data for November released at 10:30 a.m.
• NAB Business Confidence data for October released at 11:30 a.m.

In the shadowy world of unlisted assets, a sector that our own super funds have dived into in recent years, it's becoming clear that nobody is quite sure how to actually measure their investments' performance. Barry Griffiths is one of a small group of quantitative analysts giving it a try.