JPMorgan included Bitcoin in its long-term capital market outlook for the first time but warned that volatility and unstable correlations limit its role in investment portfolios.
Business
Strategist Tom Lee says investors should not shrink from the pullback in stocks surrounding AI investment fears. He points to Cisco’s history as one reason to buy.
Business
South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%.
Business
The proposed acquisition would give Bitget a route into Thailand’s crypto market through a locally licensed operator.
Business
Elice’s debut slump added to concerns over AI infrastructure valuations, while rising oil prices compounded market uncertainty.