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One of Nevada’s oldest preeminent properties is on the market. The historic Shakespeare Ranch, on the east shore of Lake Tahoe, is listed for $188 million through Chase International. Buyers can purchase the entire ranch or take an a la carte approach and acquire their choice of lakefront residences and homesites starting at $9.95 million. If the property sells in its entirety, it will break regional sales records. Another lakefront property holds the record, selling for $62 million earlier this year. “It is one of a kind, no question,” said Shari Chase of Chase International. “It’s for the person who wants to feel the heart and soul of Lake Tahoe as you could never before with options that haven’t been offered to any buyer in our history.” The ranch, dating back to the late 1800s, spans 130 acres, with 425 feet of lakefront frontage and significant improvements and expansions to the property. The name came from a local legend, where onlookers saw the playwright’s facial resemblance on a rock formation towering above Glenbrook Bay. The famous rock, appropriately named Shakespeare Mountain, is part of the ranch offerings. Nestled behind the private gates of Glenbrook, the ranch and the community played a significant role in Nevada’s history. Glenbrook, the oldest settlement on Lake Tahoe, began as the region’s leading timber supplier. After the lumber mills closed, it became a New England-style resort community centered around an inn and the ranch. Guests traveled across the lake aboard a steamer ship. “It’s quite a special community on the lake,” said Architect Marc Appleton of Appleton Partners LLP, who designed several projects on the ranch. “The golf course, I’ve been told, is the oldest in Nevada.” The quintessential property features 17 residences and cabins, two lakeside cabanas, 14 private buoys, a 465-foot-deep water pier with two boat lifts, a 151-year-old renovated barn and root cellar, an indoor pool/spa with fireplace, an animal barn with an art loft, a rodeo and equestrian grounds. It also features a rare boat house in Tahoe City, California. “Only 16 percent of all the land in the Tahoe Basin is privately owned,” said Mike Dunn of Chase International. “I don’t think there is a way to acquire anything like this anywhere.” Public records show that the current owners are Larry and Camille Ruvo. Larry Ruvo founded the Keep Memory Alive Foundation and the Cleveland Clinic Lou Ruvo Center for Brain Health. He also led Southern Glazer Wine and Spirits of Nevada, the state’s largest wholesale importer and wine, beer and liquor distributor. “Larry was lucky to have the opportunity to purchase all the adjoining properties and have a compound as a result,” Appleton said. “He always refers to it as the one place on earth they would always return to.” Properties like the Shakespeare Ranch are rare. In addition to its inimitability and spectacular lake views, the Tahoe Regional Planning Association (TRPA) manages and protects the land by restricting development. It preserves the area’s privacy and integrity for generations to come. “The land is very treasured and highly protected,” Chase said. “There is nothing like the Glenbrook community. You come through the gates and it’s like a different world. It’s so charming and pristine and very private.” Over the years, the Ruvos significantly improved the property, adhering to the TRPA guidelines. In 1994, they hired Appleton, an award-winning California-based architect. He was chosen based on his previous work at Martha’s Vineyard in New England, which the couple discovered featured in an Architectural Digest article. “Glenbrook is an unusual community where the architecture harkens back to New England roots,” Appleton said. “They wanted an architect who could be responsive to the existing architecture in Glenbrook.” His first project, Water’s Edge, is a 4,290-square-foot gabled two-story New England-style lakefront home with a lakeside cabana. The residence replaced an existing structure that was moved to a different location on the property. Appleton was tasked with designing a home that fit the original building’s footprint while taking advantage of the incredible lake views the property offered. “The regulations around Lake Tahoe are pretty strict,” Appleton said. “We were not allowed to build outside the existing footprint of the old building.” Appleton designed a two-story home to utilize the existing homesite fully. The main living area is on the upper level, and three bedrooms are on the lower level. He added an office and family room above the main level. Appleton incorporated hardwood floors, vaulted wood ceilings and a traditional New England-style exterior. “We decided to go with shingles instead of clapboard or horizontal siding, which gave the home a nice distinctive look,” Appleton said. If purchased separately, the Water’s Edge parcel lists for $35 million. A second residence under construction will be completed next year. It is an approximately 9,213- square-foot two-story ranch-style home adjacent to the rodeo grounds. Because of its location, Appleton took a different approach. “The house is going to take its cue from the old barns. The exterior will be clad salvaged barn siding with heavy timber porches,” he said. “The home is being constructed to be the main house for the ranch.” The rustic gabled home features five bedrooms, 51⁄2 baths, an open beam ceiling with clerestory windows and 1,500 square feet of garage space. The primary suite showcases a private terrace with lake views. Another significant project involved renovating a historic barn built in 1873. Appleton transformed the rustic, dirt-floored space into an entertainment haven with a culinary kitchen, bar, dance floor, wine cellar and games. The entertainment barn is a highlight during the Glenbrook rodeo, an annual community tradition revived by the Ruvos in 2000 after a lengthy absence. The weekend event is a fundraiser supporting the Lou Ruvo Center for Brain Health. The exhibition traditionally draws over 400 rodeo goers. Over the years, headline acts such as Robin Williams, Jay Leno, Kenny Loggins, Michael Bolton and Lionel Richie have performed at the event. Appleton has worked on various other projects on the ranch over the last 30 years, such as renovating the boat house, transforming a root cellar into a wine room and designing three distinct barns in a U-shape, including an indoor pool/spa, an animal barn with a playroom/art studio loft and a storage barn with an exercise room, office loft and art areas. He further renovated several cottages named after Shakespeare’s plays and famous characters. “It’s been a long time,” Appleton said. “It’s become a friendship as well as a professional relationship for me.” Glenbrook is the only private, gated lakefront community on Lake Tahoe with a golf course, restaurant and tennis club. It has less than 300 homes and approximately 250 residents. Only 150 of the 750 acres within the community have been developed. About the ranch Location: Shakespeare Ranch, Glenbrook Price: $188 million Size: Shakespeare Ranch spans 130 acres with over 425 feet of lake frontage. Features: The ranch has a 465-foot private pier; two boat lifts; access to 12 private buoys and a rare boat house; 17 residences and cabins; four lakefront properties; an entertainment barn outfitted with a kitchen, game center, art loft and wine room; two fitness facilities; equestrian and rodeo grounds, stables; indoor pool complex and steam spa; outdoor hot tub; greenhouse; natural gardens throughout the property; and outdoor decks. Adjacent to the rodeo grounds, a custom 9,213-square-foot two-story ranch-style residence designed by architect Marc Appleton is under construction.Water's Edge is a 4,290-square-foot lakefront home with an adjoining 690-square-foot lakeside cabana, three en suite bedrooms, a media room/office, and an open floor plan with formal living, dining and a kitchen. The kitchen features a breakfast nook, custom cabinetry, stainless steel appliances, hardwood flooring, a stone fireplace and vaulted wood ceilings. The primary suite features a fireplace, built-ins and a luxurious bath. The home has a two-car garage and multiple exterior patios. Water's Edge lakeside cabana is connected to the main home by a wrap-around teak deck, rooftop deck, sitting room and wet bar. Shakespeare On the Lake is a 1.54-acre lakefront parcel with a lakeside cabana under construction. The small one-bedroom historic "Carriage House" was built in 1936. A 1,904-square-foot caretakers house has an open great room/dining/kitchen space, three bedrooms, two baths and a two-car garage. Shakespeare Shores is a 1.21-acre lakefront parcel with a lakeside cabana under construction. The parcel features six historic cabins and is zoned for five or more houses. It has 2,871 square feet of living space, six bedrooms, six baths, five kitchens, four living spaces, and five decks. Shakespeare Meadows is a 3-acre parcel with proposed home plans designed by Backen and Backen. HOA: None Listing: Mike Dunn, Shari Chase, Claudia Thompson and Susan Lowe, Chase International Luxury Real Estate.
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ExxonMobil announces plans to 2030 that build on its unique advantages
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Last winter, the Los Angeles Dodgers pulled off a blockbuster trade for a right-handed fireballer. How about a lefty this time around? The Tyler Glasnow trade worked wonders for the Dodgers in the first half of the season, and then they still managed to win the World Series despite Glasnow missing the entire postseason. Now, with Glasnow re-joining the rotation, the Dodgers could be looking for a lefty to balance things out. There is one top consensus trade candidate in Major League Baseball right now: Garrett Crochet of the Chicago White Sox. Crochet is coming off a breakout season, striking out 209 batters in just 146 innings, and could be a game-changer to add to any team's rotation. There may be teams that "need" to add Crochet more than the Dodgers do, but LA can trade for anyone at any time. They're world-renowned for their player development system, so if they want to throw some prospects at the White Sox, they certainly can. Recently, Elijah Evans of Just Baseball proposed a trade that would send Crochet to the Dodgers in exchange for catcher Dalton Rushing, shortstop Alex Freeland, and shortstop Emil Morales. "Los Angeles may be more likely to go the free agency route because they continue to spend in excess every year, but they do have the pieces necessary for a Crochet deal. A package headlined by Rushing... could be better than anything else on the table this winter," said. "Fresh off a breakout season, Alex Freeland would be an obvious target for the Sox as they need infielders with offensive pop... Any of Joendry Vargas, Emil Morales, and Eduardo Quintero would be an ideal project player to acquire as a third piece as well with ample room to develop." Rushing, who Just Baseball ranks as the 23rd-best prospect in all of baseball, would be a tough piece to lose, but he also doesn't have a clear path to playing time as long as Will Smith is around. Freeland and Morales could also come back to bite the Dodgers someday, but those are the chances you take when dealing top prospects. Crochet could be the final piece to the Dodgers dynasty. At age 25, he's only getting better, and after playing for the worst team in baseball, he'd undoubtedly be motivated to shine for the best. More MLB: Dodgers $100 million World Series hero predicted to spurn LA for Red Sox
American Well Corp EVP Vukasin Paunovich sells $29,631 in stockBitcoin topped US$100,000 for the first time on Dec 5, jumping drastically from roughly $69,000 the day before the US presidential election about a month earlier. The sharp uptick in price has prompted investors, particularly cryptocurrency enthusiasts, to keep a close eye on what happens next in US politics. As a candidate, Donald Trump pledged to make the US the "crypto capital of the planet". Now the president-elect even suggested the country might one day pay off its national debt in cryptocurrency. "During the campaign, Trump promised many policy changes in the US that will be favourable for Bitcoin and crypto assets in general. We have already seen the impact of this, driving Bitcoin prices to all-time highs," said Nirun Fuwattananukul, chief executive of Gulf Binance, the Thai joint venture between the world's largest crypto exchange and SET-listed Gulf Energy Development. In Mr Nirun's view, these policies are likely to be pushed through. Trump's second term, unlike his first, will have a Republican majority in the Senate and House of Representatives. "This means he can drive his campaign policy very effectively. His campaign advisors, especially Elon Musk and Robert F. Kennedy Jr, are also very pro-Bitcoin, so I think these pledged policies will be implemented," he told the Bangkok Post. CRYPTO BOOST Mr Nirun said before the US election, Bitcoin was already a well-known and widely adopted asset globally. In the US, many institutions and state pension funds are starting to invest in the world's largest cryptocurrency. "New regulations, if they happen, will make Bitcoin even more mainstream. I believe Bitcoin will become a mainstream investment asset, similar to gold or silver, in the future," he said. Mr Nirun said the general cryptocurrency market will likely follow Bitcoin, with more assets becoming mainstream, taking the Ethereum path. "I think the key driver will be greater innovation. With supportive US policy and more capital returning to the US, we will see more innovation in this space, with new applications and use cases driving crypto assets to become more mainstream in the future," he said. The market anticipates Gary Gensler, chair of the US Securities and Exchange Commission (SEC), leaving his post at the end of Joe Biden's administration. Investors are optimistic about a more crypto-friendly regulator after his departure in early 2025. "He was very active in regulatory enforcement on Bitcoin and crypto assets. The new SEC chairman will likely be much more aligned with Trump's views," said Mr Nirun. Last Wednesday, Trump announced he intends to nominate cryptocurrency advocate Paul Atkins to chair the SEC. Mr Atkins, the chief executive of Patomak Partners and a former SEC commissioner, has made the case against too much market regulation since he left the US stock market regulator. However, realising the benefits of favourable crypto policies of the new US administration will take time, said Mr Nirun. "I think we need to wait for the proper timing. There are a lot of pressing issues Americans expect Trump to tackle, including the economy and immigration, which will likely come first. We need to wait a bit to see when he will start looking into Bitcoin and crypto assets," he said. "The devil is in the details. Crypto is a complex issue and drafting a new law for this will take time." The FIT21 bill, a comprehensive regulatory framework for digital assets, was previously passed by the House and is now waiting in the Senate. "If Trump wants to redraft the entire bill, this will take even more time," said Mr Nirun. "Hopefully the next SEC chairman is someone with a strategic vision for crypto in the long term." Binance co-founder Yi He shared a similar view, saying products such as spot Bitcoin and Ethereum exchange-traded funds have broadened the industry's circle, and these increasing overlaps and innovations indicate a good year is ahead. STABLECOIN OPTIMISM Jeremy Allaire, chief executive of Circle, the issuer of the second-largest stablecoin, expressed optimism regarding global regulation of the sector. He believes the next 10-12 months will be crucial for the stablecoin space, which has already grown to roughly $170 billion, with Tether's USDT and Circle's USDC responsible for the lion's share. However, this is a fraction of the global financial space and the $130-trillion global electronic money market. This means the stablecoin industry still has huge potential for growth, said Mr Allaire. A type of cryptocurrency that aims to maintain a fixed value relative to another asset or currency, stablecoins are often pegged to a traditional currency, namely the US dollar or the euro, or other assets such as gold or silver. "The next 12 months is a pretty big inflection point for stablecoins," he said, with regulatory frameworks in some key jurisdictions expected to take shape over the next year. Speaking at Binance Blockchain Week in Dubai, Mr Allaire likened these early days of digital currency to the early days of digital media, explaining how lowering communication costs spurred rapid growth and revolutionised industries. He suggested achieving similar advancements in transaction costs with programmable money could fundamentally reshape the ways we transfer and manage value in the financial landscape. USDC, Circle's stablecoin, has increasingly been adopted across financial and payment networks, suggesting stablecoins are poised to become a foundational layer in the digital economy, with real-world applications expanding from here, said Mr Allaire. In terms of regulation, he was cautiously optimistic, noting the regulatory environment in several countries had positive sentiment for stablecoins. While a certain level of regulatory hurdles remains, a shift in attitudes among policymakers is taking place, particularly in the US, which is now recognising the long-term value that digital assets can bring, said Mr Allaire. In fact, even those voicing public opposition to the sector or sitting on the sidelines are watching the vanguard, ready to follow suit with comprehensive regulations, he said. This openness can pave the way for a balanced approach that supports innovation without stifling progress, said Mr Allaire. REGULATORY COMPLIANCE Ms Yi acknowledged the past year posed significant challenges, even for industry leaders such as Binance, to sustain growth momentum. With more than 200 million users globally, the world's largest crypto exchange remains focused on building a brighter future for the sector and increasing financial accessibility, she said. Navigating industry-wide regulatory and compliance challenges is an ongoing priority for Binance. While such challenges are complex, Binance views them as necessary for long-term growth and trust within the ecosystem, said Ms Yi. Collaboration with regulators is crucial to achieving mass adoption. "If we want a billion users of crypto, we must cooperate with the regulators. That's how we become the next Google or Amazon of crypto," she said. Access is essential to Binance, as Ms Yi hopes her grandmother or a nanny can easily open the Binance app and use crypto. Noah Perlman, chief compliance officer of Binance, said as more of the world transitions from traditional finance to blockchain, global regulations and compliance is becoming more important than ever. "We can all agree that 2023 was the year in which regulators and policymakers really stepped up their efforts to develop frameworks for the industry," he said. "It is very difficult to follow the rules if they are constantly changing." Having regulations that are difficult to follow or deny product users what they want inevitably pushes users to unregulated spaces, said Mr Perlman, who has a background in traditional finance, adding regulatory frameworks offer certainty, which markets crave. "As we get more certainty in the market through policies such as MiCA, it is going to encourage more people to enter the space," he said, referring to the Markets in Crypto-Assets Regulation that came into force in June 2023. Yuelin Li, chief product officer of tech startup Onfido, said a clear regulatory framework provides "a sense of safety for consumers", which is the defining factor between those who are willing to give crypto a shot and those who prefer to stay within the realms of traditional finance. Bora Erdamar, director of BlockchainIST Center, an R&D centre for blockchain technology, said the roles of project developers and experts help to bridge the gap between the crypto ecosystem and conventional finance. "We need to make it easier to understand and use blockchain," he said. 2025 TRENDS Alex Svanevik, chief executive of leading on-chain analytics platform Nansen, believes 2025 will see the "biggest bull run in history", supported by Trump's victory in the US election. For next year, meme coins -- cryptocurrencies inspired by internet memes -- will continue to attract retail investors to the crypto space. He anticipates these tokens will significantly boost on-chain metrics, leading to unprecedented records in decentralised exchange (DEX) volumes across multiple blockchain networks. "Meme coins continue to onboard retail to crypto and smash on-chain metrics. We'll see new records in DEX volume for lots of chains," he said. "Better infrastructure, easier user experience, lower transaction fees -- all these make the journey on-chain better for newcomers." Mr Svanevik also foresees a resurgence in decentralised finance (DeFi), driven by clearer regulations and the activation of revenue models within DeFi protocols. With the departure of Mr Gensler from the SEC on Jan 20, he predicts regulatory hurdles will be reduced and institutional capital will flow more freely into DeFi platforms. Mr Svanevik said he envisions cryptocurrencies playing a dual role in accelerating artificial intelligence (AI) projects and offering solutions to mitigate associated risks. "Crypto accelerates AI, but also protects us from AI," he said, adding crypto dollars should continue to pour into AI projects. Binance chief executive Richard Teng said the future is bright for crypto. "We are on the path of mass adoption because every major global financial institution is either embracing crypto or pushing ahead with the blockchain agenda," he said.
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