J.P. Morgan Sees Bitcoin Undervalued vs. Gold, Sets $170K Target
J.P. Morgan argues that Bitcoin is undervalued compared to Gold on a risk-adjusted basis and estimates a fair price of about $170,000 for the cryptocurrency within...
Story of the Day - Page 16
Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
Latest Story of the Day News
Prediction Markets Enter Mainstream Finance, Bernstein Says
Bernstein analysts say platforms like Polymarket and Kalshi are rapidly transitioning from niche experiments into legitimate financial products attracting institutional and Wall Street interest.
Duolingo Stock Plunges 27% as Long-Term Growth Plan
Duolingo shares fell 27% after issuing weaker guidance for the fourth quarter, as the company prioritizes user growth and long-term initiatives over short-term monetization.
Coinbase Europe Fined 21.5M EUR for AML Failings
The Central Bank of Ireland imposed a €21.5-million penalty on Coinbase Europe after discovering that more than 30 million transactions were inadequately monitored from April 2021...
Gemini Readies Entry Into Prediction Markets Amid Regulation Battle
Crypto exchange Gemini is seeking U.S. derivatives approval to launch 'Gemini Titan', a prediction-market platform that would allow trading on outcomes ranging from sports and elections...
Bitcoin Slips Below $100K as Analysts Warn of Further Drop
Bitcoin fell below the $100,000 level amid rising liquidation pressure and ETF outflows, as analysts flag a potential descent toward $90,000 or lower.
Wintermute CEO Denies Lawsuit Plans Against Binance
CEO Evgeny Gaevoy says market-maker Wintermute has no intention of suing Binance despite rumours linking them to the October 10 crypto crash.
France Approves 1% Tax on ‘Unproductive’ Wealth, Including Crypto Assets
French MPs passed a measure to levy a 1% tax on so-called 'unproductive wealth' over €2 million, extending the tax base to include cryptocurrencies and luxury...
Berkshire Hathaway Cash Pile Hits Record $381.7B as Earnings Surge 34%
Warren Buffett’s Berkshire Hathaway reported record cash holdings of $381.7 billion and a 34% jump in operating earnings, driven by strong insurance results and restrained disaster...
‘Big Short’ Investor Michael Burry Warns of Market Bubble
Michael Burry, famed for predicting the 2008 crash, has broken nearly two years of silence to warn that markets may be in a bubble and that...
Alphabet Shares Jump 8% as Revenue Surges Past $100 Billion
Alphabet’s stock climbed 8% after reporting record quarterly revenue of $102.3 billion, beating forecasts and raising its AI infrastructure budget to $92 billion for 2025.
OpenAI Lays Groundwork for IPO at Valuation Up to $1 Trillion
OpenAI is preparing for an initial public offering that could value the company at up to $1 trillion, following a major restructuring and as it prepares...