‘Bitcoin is not an asset class’: UK’s biggest investment platform has a stark warning for investors

A U.K. trading platform warns investors against including cryptocurrencies in their portfolios despite relaxed regulations. While the ban on crypto exchange-traded notes (ETNs) was lifted, Hargreaves Lansdowne emphasizes the high volatility and lack of intrinsic value in cryptocurrencies like bitcoin, suggesting they pose significant risks for investors.

Midday Movers: AMD Soars 30% on OpenAI Deal, Comerica Jumps on $10.9B Merger, Critical Metals Surges 90%

On Wall Street, stocks experienced notable volatility driven by merger news and AI developments. AMD’s shares surged 30% after OpenAI’s investment, while Micron and Tesla saw gains. Significant mergers included Comerica and Fifth Third’s deal. Despite some declines in other sectors, the overall trading reflects a cautious yet active market ahead of earnings season.

Intercontinental Exchange Surges After Reports of $2 Billion Stake in Polymarket

Intercontinental Exchange (ICE), parent of the New York Stock Exchange, plans a $2 billion investment in prediction market platform Polymarket, valuing it at $8-$10 billion. This move signifies a notable shift as prediction markets gain acceptance in regulated finance, especially after receiving CFTC approval, facilitating potential mainstream adoption.

World Bank Lifts China Growth Outlook to 4.8% Despite Tariff Strains with Washington

The World Bank has raised China’s 2025 economic growth forecast to 4.8%, reflecting resilience against U.S.-China trade tensions. However, domestic consumption struggles and structural vulnerabilities persist. While near-term stability exists, long-term challenges hinder growth potential, emphasizing the need for efficiency and reform to sustain economic momentum amidst geopolitical risks.