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		<title>Bitcoin Reaches Deep Undervaluation Zone &#8211; Time To Get In?</title>
		<link>https://lsd.hu/bitcoin-reaches-deep-undervaluation-zone-time-to-get-in/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 07 Jun 2026 12:54:19 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[deep]]></category>
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					<description><![CDATA[Bitcoin’s recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin [&#8230;]]]></description>
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<p>Bitcoin’s recent correction continues to shake market confidence, with the premier cryptocurrency enduring an intense selling pressure over the past several weeks. Since May 15, Bitcoin has steadily declined by 26.8%, with price now trading around the cycle bottom at $60,000. Despite the ongoing market weakness, it appears the latest decline may have pushed Bitcoin into one of its most attractive accumulation zones in years.
</p>
<h2><b>Power Law Model Produces Rare Bitcoin Undervaluation</b></h2>
<p>In a recent<a href="https://x.com/Darkfost_Coc/status/2063277773167145196?s=20" target="_blank" rel="noopener nofollow"> post</a> on X, popular market analyst Darkfost highlighted a significant development in Bitcoin’s long-term valuation metrics.</p>
<p>According to the analyst, the digital asset has now fallen into an extreme undervaluation zone based on the widely followed Bitcoin Power Law model. For context, the Power Law model is a long-term valuation framework that tracks Bitcoin’s growth trajectory. Rather than focusing on short-term price movements, the model attempts to measure whether Bitcoin is trading above or below its historical trend line.</p>
<p>&nbsp;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr"><img decoding="async" src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4c9.png" alt="&#x1f4c9;" class="wp-smiley" style="height: 1em;max-height: 1em" title="Bitcoin Reaches Deep Undervaluation Zone - Time To Get In? 4"> Bitcoin has just fallen to an extreme regression level based on the Power Law model.</p>
<p>By dropping below the 4% quantile, Bitcoin has entered a zone of extreme undervaluation.</p>
<p><img decoding="async" src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f4a5.png" alt="&#x1f4a5;" class="wp-smiley" style="height: 1em;max-height: 1em" title="Bitcoin Reaches Deep Undervaluation Zone - Time To Get In? 5"> To put this into perspective, Bitcoin has spent less than 4% of its entire history trading at… <a href="https://t.co/Mukd2wH0pD" rel="nofollow">pic.twitter.com/Mukd2wH0pD</a></p>
<p>&mdash; Darkfost (@Darkfost_Coc) <a href="https://x.com/Darkfost_Coc/status/2063277773167145196?ref_src=twsrc%5Etfw" rel="nofollow">June 6, 2026</a></p>
</blockquote>
<p>&nbsp;</p>
<p>Notably, Darkfost reports that Bitcoin has now dropped below the model’s 4% quantile, i.e., the asset is trading at a valuation lower than approximately 96% of its historical observations relative to its long-term growth path. Historically, these periods below the 4% quantile level have been associated with deep market pessimism and heightened investor uncertainty.
</p>
<h2><b>Historical Trends Suggest Accumulation Opportunity</b></h2>
<p>According to Darkfost, periods of extreme undervaluation represent phases when investors should gradually increase exposure rather than reduce it. This observation is rooted in historical market behavior, where Bitcoin tends to rebound after reaching these undervaluation levels, as seen in 2016, 2020, and 2022.</p>
<p>However, it’s worth noting that the Power Law signal should not be interpreted as an indication of an immediate market reversal. Instead, the Power Law model is designed to assess long-term valuation conditions rather than short-term price direction. As a result, investors are encouraged to view it through a broader investment horizon and deploy their positions carefully. </p>
<p>At the time of writing, Bitcoin is valued at $61,592, following a slight 1.95% gain in the last 24 hours. Meanwhile, the daily trading volume is down 56.14% to $31.21 billion. According to <a href="https://coincodex.com/crypto/bitcoin/price-prediction/" target="_blank" rel="noopener nofollow">Coincodex</a> analysts, the Fear &amp; Greed Index stands at 12, indicating market carnage with extreme fear and a dominant bearish sentiment. </p>
<p>However, Coincodex analysts predict the market should rebound soon, with a projection of $69,489 next month.
</p>
<p><img decoding="async" src="https://www.tradingview.com/x/fVqe9kSj/" alt="Bitcoin" width="1814" height="978" loading="lazy" title="Bitcoin Reaches Deep Undervaluation Zone - Time To Get In? 6"><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><br /></p>
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		<title>Cruise ship stricken by hantavirus reaches Canary Islands, where passengers, some crew, will be evacuated</title>
		<link>https://lsd.hu/cruise-ship-stricken-by-hantavirus-reaches-canary-islands-where-passengers-some-crew-will-be-evacuated/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 10 May 2026 07:29:50 +0000</pubDate>
				<category><![CDATA[Health]]></category>
		<category><![CDATA[Canary]]></category>
		<category><![CDATA[Crew]]></category>
		<category><![CDATA[Cruise]]></category>
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		<guid isPermaLink="false">https://lsd.hu/cruise-ship-stricken-by-hantavirus-reaches-canary-islands-where-passengers-some-crew-will-be-evacuated/</guid>

					<description><![CDATA[A Dutch-flagged cruise ship that was hit by a deadly hantavirus outbreak reached Spain&#8217;s Canary Islands early Sunday morning, where health officials will begin the complex process of evacuating the passengers and most of the crew, and repatriating them to their respective countries. The MV Hondius, currently carrying nearly 150 people from more than 15 [&#8230;]]]></description>
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<p>A Dutch-flagged cruise ship that was hit by a<span class="link"><a href="https://www.cbsnews.com/news/hantavirus-spread-cruise-ship-outbreak-health-experts/" data-invalid-url-rewritten-http="" target="_blank" rel="noopener"> deadly hantavirus outbreak</a></span> reached<span class="link"><a href="https://www.cbsnews.com/news/hantavirus-cruise-evacuation-world-health-organization-hondius-canary-islands/" data-invalid-url-rewritten-http="" target="_blank" rel="noopener"> Spain&#8217;s Canary Islands</a></span> early Sunday morning, where health officials will begin the complex process of evacuating the passengers and most of the crew, and repatriating them to their respective countries.</p>
<p>The MV Hondius, currently carrying nearly 150 people from more than 15 countries, including 17 Americans, had set sail earlier this week from Cape Verde to the port of Granadilla on Tenerife — the largest of the Canary Islands — after Spain agreed to take the ship.</p>
<p>Video from Reuters showed the ship near the port of Granadilla. Hondius was escorted by a Spanish Civil Guard vessel, Agence France-Press journalists reported.    </p>
<figure class="embed embed--type-image is-image embed--float-none embed--size-medium">
<p>      <span class="img embed__content"><img decoding="async" src="https://assets1.cbsnewsstatic.com/hub/i/r/2026/05/10/0c4e24d7-0ccb-46d9-afe3-370ad9a3ec59/thumbnail/620x397/6fc28791ae2cc8138a9b710e953a8faf/2026-05-10t045112z-68676913-rc246lafsqgw-rtrmadp-3-cruiseship-hantavirus-tenerife.jpg#" alt="cruise ship MV Hondius " height="397" width="620" class=" lazyload" srcset="https://assets1.cbsnewsstatic.com/hub/i/r/2026/05/10/0c4e24d7-0ccb-46d9-afe3-370ad9a3ec59/thumbnail/620x397/6fc28791ae2cc8138a9b710e953a8faf/2026-05-10t045112z-68676913-rc246lafsqgw-rtrmadp-3-cruiseship-hantavirus-tenerife.jpg 1x, https://assets3.cbsnewsstatic.com/hub/i/r/2026/05/10/0c4e24d7-0ccb-46d9-afe3-370ad9a3ec59/thumbnail/1240x794/a0cd858c0eb8f9d6758577c0850bea65/2026-05-10t045112z-68676913-rc246lafsqgw-rtrmadp-3-cruiseship-hantavirus-tenerife.jpg 2x" loading="lazy" title="Cruise ship stricken by hantavirus reaches Canary Islands, where passengers, some crew, will be evacuated 9"></span><figcaption class="embed__caption-container">
<p>                  <span class="embed__caption">The cruise ship MV Hondius arrives at the port of Granadilla in Tenerife, the largest of the Canary Islands, after being affected by a hantavirus outbreak. May 10, 2026.</span></p>
<p>                  <span class="embed__credit"></p>
<p>                Pedro Nunes / REUTERS</p>
<p>                          </span><br />
              </figcaption></figure>
<p>The World Health Organization has said that, so far, none of those still aboard were showing symptoms.</p>
<p>There<span class="link"><a href="https://www.cbsnews.com/news/hantavirus-cases-deadly-cruise-ship-outbreak/" data-invalid-url-rewritten-http="" target="_blank" rel="noopener"> are at least</a></span> nine confirmed or suspected cases of hantavirus linked to the outbreak, including three fatalities, a Dutch couple and a German woman.</p>
<p>Oceanwide Expeditions, the ship&#8217;s operator, says that all passengers and a portion of the approximately 60 crew members will begin evacuating the ship Sunday using launch boats that carry a maximum of five to 10 people. The evacuation is being coordinated by WHO and several other health organizations. WHO Director-General Dr. Tedros Ghebreyesus traveled to Tenerife prior to the ship&#8217;s arrival. </p>
<p>After those people have disembarked, a skeleton crew will take on supplies and then begin the journey to Rotterdam, Netherlands, which is expected to take about five days, Oceanwide Expeditions said.</p>
<figure class="embed embed--type-image is-image embed--float-none embed--size-medium">
<p>      <span class="img embed__content"><img decoding="async" src="https://assets1.cbsnewsstatic.com/hub/i/r/2026/05/10/e1bf7c0a-23fe-452d-9100-ca7a75f7a8ea/thumbnail/620x414/11e0db8f7d811363a1d626200f481279/gettyimages-2275356292.jpg#" alt="Cruise Ship MV Hondius To Dock In Tenerife " height="414" width="620" class=" lazyload" srcset="https://assets1.cbsnewsstatic.com/hub/i/r/2026/05/10/e1bf7c0a-23fe-452d-9100-ca7a75f7a8ea/thumbnail/620x414/11e0db8f7d811363a1d626200f481279/gettyimages-2275356292.jpg 1x, https://assets3.cbsnewsstatic.com/hub/i/r/2026/05/10/e1bf7c0a-23fe-452d-9100-ca7a75f7a8ea/thumbnail/1240x828/6e4fe8e0f123dd513ca65bae5d53bbda/gettyimages-2275356292.jpg 2x" loading="lazy" title="Cruise ship stricken by hantavirus reaches Canary Islands, where passengers, some crew, will be evacuated 10"></span><figcaption class="embed__caption-container">
<p>                  <span class="embed__caption">Members of the Guardia Civil stand watch at the expected reception point for passengers from the MV Hondius at the Granadilla Port on May 9, 2026 in Tenerife, part of the Canary Islands, Spain. </span></p>
<p>                  <span class="embed__credit"></p>
<p>                Chris McGrath / Getty Images</p>
<p>                          </span><br />
              </figcaption></figure>
<p>Once removed from the Hondius, the Americans will be flown back to the U.S. in a plane that was sent by the U.S. Centers for Disease Control and Prevention and the Department of Health and Human Services.</p>
<p>The CDC said it was sending a team of epidemiologists and medical professionals to the Canary Islands to &#8220;conduct an exposure risk assessment for each American passenger and provide recommendations for the level of monitoring required.&#8221;</p>
<p>The medical repatriation flight will land at Offutt Air Force Base in Omaha, Nebraska, and the Americans will be taken to a special biocontainment unit at the University of Nebraska Medical Center.</p>
<p>Michael Wadman, medical director of the National Quarantine Unit at the University of Nebraska Medical Center, said that each American will have their own room while they quarantine for an unspecified amount of time.</p>
<p>Hantaviruses are a family of diseases that are spread to people from rodents through urine, droppings or saliva, according to the CDC. It can take up to eight weeks after contact for symptoms to develop.</p>
<p>WHO says that the Andes strain, which is found in Latin America, is the only one that is known to be able to transmit the virus through human-to-human contact, with Ghebreyesus assessing the public risk as &#8220;low,&#8221; an assessment which was echoed by acting CDC director Dr. Jay Bhattacharya.</p>
<p>&#8220;Hantavirus is not spread by people without symptoms, transmission requires close contact, and the risk to the American public is very low,&#8221; Bhattacharya<a href="https://x.com/cdcgov/status/2052188048520032692?s=46" target="_blank" rel="noopener"> said</a> in a statement Wednesday.</p>
<p>The source of the outbreak remains under investigation. However, prior to boarding the ship, the Dutch couple who died, a 70-year-old man and his 69-year-old wife, are believed to have spent weeks traveling through Argentina, Chile and Uruguay on a bird-watching trip in areas where the species of rodent known to carry the Andes virus is present, Ghebreyesus said this week.</p>
<p>The man developed symptoms on April 6 and died on the ship on April 11, WHO said, but no samples were taken because his symptoms were similar to those of other respiratory viruses, and hantavirus was not suspected at the time.</p>
<p>His wife then went ashore when the ship docked on the British territorial island of St. Helena. She showed serious symptoms on a flight to Johannesburg, South Africa, on April 25, and died in South Africa the following day, WHO said. Testing confirmed she had contracted hantavirus.</p>
<p>The German woman showed symptoms on April 28 and died aboard the ship on May 2, according to WHO.</p>
<p>Three other patients were flown off the ship to the Netherlands for emergency medical care this week, and a Swiss man who began showing symptoms after disembarking the ship was receiving care in Zurich. A British man was medically evacuated to South Africa, while another British national who had disembarked the ship is hospitalized on the island of Tristan da Cunha, a British territory.</p>
<p>Oceanwide Expeditions said 32 passengers from about a dozen countries had disembarked the Hondius in St. Helena, including the Dutch woman who died days later. Those American passengers who returned to the U.S. prior to the discovery of the outbreak were<span class="link"><a href="https://www.cbsnews.com/news/hantavirus-cruise-ship-mv-hondius-passengers-monitored-us-worldwide/" data-invalid-url-rewritten-http="" target="_blank" rel="noopener"> being monitored</a></span> by state health agencies in California, Georgia, Texas, Virginia and Arizona.</p>
<p>The Hondius set sail for its cruise April 1 from Ushuaia, Argentina, which took it to several islands in the south Atlantic, including the South Georgia and South Sandwich Islands, Tristan da Cunha, Gough Island and then St. Helena from April 21 to April 24.</p>
<p>The vessel then anchored off the coast of Cape Verde, an archipelago located off West Africa, for several days before heading to the Canary Islands.  </p>
<section class="content__body--footer">
<p class="content__meta--contributors">
<p>                                  <a href="https://www.cbsnews.com/team/emily-mae-czachor/" class="byline__author__link" data-invalid-url-rewritten-http="" target="_blank" rel="noopener">Emily Mae  Czachor</a> and </p>
<p>                      <span class="byline__author__text">Mark  Osborne</span></p>
<p>        contributed to this report.
    </p>
</section>
<p>  <!-- data-recirc-source="queryly" --></p>
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<p><h3 class="component__title">More from CBS News</h3>
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<p><h3 class="component__title">Go deeper with The Free Press</h3>
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		<title>Bitcoin Miner Pain Reaches Critical Threshold — Impact On Price</title>
		<link>https://lsd.hu/bitcoin-miner-pain-reaches-critical-threshold-impact-on-price/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 19 Apr 2026 17:05:19 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[Bitcoin]]></category>
		<category><![CDATA[Critical]]></category>
		<category><![CDATA[Impact]]></category>
		<category><![CDATA[Miner]]></category>
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		<guid isPermaLink="false">https://lsd.hu/bitcoin-miner-pain-reaches-critical-threshold-impact-on-price/</guid>

					<description><![CDATA[According to data from a recent on-chain evaluation, the Bitcoin mining sector is once again flashing warning signals, as a key industry health metric now hovers above historically critical levels. In this scenario, the Bitcoin price stands a chance to regain past grounds, but only if a specific pattern plays out. Bitcoin Miner Financial Stress [&#8230;]]]></description>
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<p><span style="font-weight: 400">According to data from a recent on-chain evaluation, the Bitcoin mining sector is once again flashing warning signals, as a key industry health metric now hovers above historically critical levels. In this scenario, the Bitcoin <a href="https://www.newsbtc.com/news/bitcoin/can-bitcoin-buyers-join-the-breakout-party/" target="_blank" rel="noopener">price stands a chance</a> to regain past grounds, but only if a specific pattern plays out.</span></p>
<h2 id="ftoc-heading-1" class="ftwp-heading"><b>Bitcoin Miner Financial Stress Approaches Capitulation Levels Seen In Past Cycles</b><span style="font-weight: 400"> </span></h2>
<p><span style="font-weight: 400">On Saturday, April 18th, MorenoDV <a href="https://cryptoquant.com/insights/quicktake/69e39c0217b5395c97a10803-Miner-Pain-Reaches-Critical-Levels-What-Comes-Next-Matters-Most" target="_blank" rel="nofollow noopener">put out</a> a Quicktake post on the CryptoQuant platform, revealing an ongoing dynamic shift among Bitcoin miners. The relevant indicator here is the Miner Financial Health Index 7D-SMA metric, which tracks the short-term trend of miners’ overall economic condition. </span></p>
<p><h2 class="jeg_block_title"><span>Related Reading</span></h2>
</p>
<p><span style="font-weight: 400">This metric combines four key factors – including hashprice (revenue per unit of computing power), block profitability, fee share, and total miner revenue. When these are measured together, it becomes apparent whether miners are operating in optimal conditions or are under severe stress.</span></p>
<p><span style="font-weight: 400">According to the crypto expert, the index currently displays a still-growing value of 27.7%, which is actually quite close to a historically relevant level (20%). Usually, when this metric falls to this critical 20% threshold, it indicates that <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-pressure-builds-as-miners-dump-32k-btc-in-just-3-months/" target="_blank" rel="noopener">mining conditions are becoming more difficult</a>; that there is insufficient fee support, or that even rewards are declining.</span></p>
<p><span style="font-weight: 400">Interestingly, MorenoDV showed that historical data backs up this observation. Per the crypto pundit, sustained readings above this seen in the 2019, 2020, and  2022-2023 market cycles have aligned with the last stages of a capitulation phase — representing moments when weaker miners are forced out of the market. </span></p>
<h2 id="ftoc-heading-2" class="ftwp-heading"><b>Market Bottoms May Follow Miner Capitulation, Not Peak Stress</b></h2>
<p><span style="font-weight: 400">Despite the apparent risks in the current cycle, the analyst explained that the situation appears to lean more towards a recovery scenario. As previously mentioned, the Financial Health Index now sits above the historically relevant 20% mark and continues to grow higher.</span></p>
<p><span style="font-weight: 400">Typically, when this recovery above 20% occurs, it serves as a telltale sign that the “forced selling phase” is <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-could-see-short-term-pullback-following-price-rebound-analyst/" target="_blank" rel="noopener">being swallowed up</a>. MorenoDV pointed out that this is often because marginal players must have exited; network conditions have become stable — thus, the remaining miners are working in more optimal economic conditions. </span></p>
<p><span style="font-weight: 400">The crypto expert further noted that this transition often coincides with the exhaustion of bearish momentum in the Bitcoin price. Hence, if the Miner Financial Health Index is indeed transitioning, it might be important to keep an eye out for further recovery of the index. </span></p>
<p><span style="font-weight: 400">As of this writing, Bitcoin is valued at around $75,829, reflecting an almost 2% price decline since the past 24 hours. </span></p>
<p><h2 class="jeg_block_title"><span>Related Reading</span></h2>
</p>
<figure style="width: 2308px" class="wp-caption aligncenter"><img decoding="async" class="size-medium" src="https://www.tradingview.com/x/7e9xUlME/" alt="Bitcoin" width="2308" height="1568" loading="lazy" title="Bitcoin Miner Pain Reaches Critical Threshold — Impact On Price 12"><figcaption class="wp-caption-text">The price of BTC on the daily timeframe | Source: BTCUSDT chart on <a href="https://www.tradingview.com/x/7e9xUlME/" target="_blank" rel="noopener">TradingView</a></figcaption></figure>
<p>Featured image from iStock, chart from TradingView</p>
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		<title>Eli Lilly reaches $2.75 billion deal with Insilico to bring AI-developed drugs to the global market</title>
		<link>https://lsd.hu/eli-lilly-reaches-2-75-billion-deal-with-insilico-to-bring-ai-developed-drugs-to-the-global-market/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 29 Mar 2026 20:37:02 +0000</pubDate>
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					<description><![CDATA[A drone view shows the Eli Lilly logo on the company’s office in San Diego, California, Nov. 21, 2025. Mike Blake &#124; Reuters BEIJING — U.S. pharmaceutical giant Eli Lilly has reached a $2.75 billion deal to bring drugs developed using artificial intelligence by Hong Kong-based Insilico Medicine to the global market. The agreement will give Insilico [&#8230;]]]></description>
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<p>A drone view shows the Eli Lilly logo on the company’s office in San Diego, California, Nov. 21, 2025.</p>
<p>Mike Blake | Reuters</p>
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<p>BEIJING — U.S. pharmaceutical giant <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Eli Lilly<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> has reached a $2.75 billion deal to bring drugs developed using artificial intelligence by Hong Kong-based Insilico Medicine to the global market.</p>
<p>The agreement will give Insilico $115 million up front, with the remainder subject to regulatory and commercial milestones, along with royalties on future sales, according to the companies&#8217; announcement Monday.</p>
<p>Insilico has developed at least 28 drugs using generative AI tools, with nearly half already at a clinical stage, Alex Zhavoronkov, founder and CEO of Insilico, told CNBC. The company went public in Hong Kong in December. Its shares are up more than 50% year-to-date.</p>
<p>&#8220;In many ways, Lilly is better than us in some areas of AI,&#8221; Zhavoronkov said, noting the U.S. pharma giant has &#8220;one person&#8221; who has brought biology, chemistry and automation under one roof. He added that as part of the deal, Insilico will join <a href="https://gatewaylabs.lilly.com/" target="_blank" rel="noopener">Lilly&#8217;s Gateway Labs</a> community for biotech development. </p>
<p>The two companies have worked together since signing an <a href="https://www.prnewswire.com/news-releases/insilico-and-lilly-enter-a-research--licensing-collaboration-to-advance-ai-driven-drug-discovery-302610234.html" target="_blank" rel="noopener">AI-based software licensing agreement in 2023</a>. </p>
<p>&#8220;This collaboration allows us to explore novel mechanisms and accelerate the identification of promising therapeutic <strong>c</strong>andidates across multiple disease areas,&#8221; Andrew Adams, group vice president of Molecule Discovery at Lilly, said in a statement. He called Insilico&#8217;s AI-enabled discovery &#8220;a powerful complement&#8221; to Lilly&#8217;s clinical development.</p>
<p>Eli Lilly CEO David A. Ricks attended a high-level forum in Beijing earlier this month, just weeks after the company announced plans to <a href="https://mp.weixin.qq.com/s/TeQ2mtwPzlLEhZDXgCd6vQ" target="_blank" rel="noopener">invest $3 billion in China</a> over the next decade. The company reported that slightly less than <a href="https://investor.lilly.com/static-files/45a92498-43d0-4e2d-a4e6-a9131841cfd6" target="_blank" rel="noopener">3% of its revenue</a> came from China last year.  </p>
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<p>Insilico develops its AI outside of China, in Canada and the Middle East, but conducts early preclinical drug development in China based on that AI research, Zhavoronkov said. In addition to reducing research time, he said AI can synthesize molecules more quickly than those discovered using more traditional methods.</p>
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		<title>Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns</title>
		<link>https://lsd.hu/ticketmaster-parent-live-nation-reaches-settlement-with-department-of-justice-over-antitrust-concerns/</link>
		
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		<pubDate>Mon, 09 Mar 2026 17:07:33 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/ticketmaster-parent-live-nation-reaches-settlement-with-department-of-justice-over-antitrust-concerns/</guid>

					<description><![CDATA[Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City.  Michael M. Santiago &#124; Getty Images Live Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday. The settlement would see Ticketmaster unwind some [&#8230;]]]></description>
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<p>Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City. </p>
<p>Michael M. Santiago | Getty Images</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Live Nation Entertainment<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.</p>
<p>The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court. </p>
<p>As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other companies like SeatGeek to use its technology. Live Nation has also agreed to divest at least 13 of its amphitheaters and will no longer be able to require artists to use other Live Nation products tied to its venues. It has also agreed to pay roughly $280 million in civil penalties.</p>
<p>Shares of Live Nation rose 5% in morning trading. Live Nation and Ticketmaster did not immediately respond to requests for comment.</p>
<p>Ticketmaster has long faced criticism that its dominance in the live events and ticketing space pushes up prices for consumers. The company has come under heightened scrutiny in recent years from fans who argue that it&#8217;s become harder and pricier to snag coveted event tickets. </p>
<p>In 2022, the backlash boiled over when the rollout of tickets for Taylor Swift&#8217;s Eras Tour was mishandled, leading to a probe of the company. And in 2024, the DOJ — along with more than two dozen states — sued to break up Live Nation and Ticketmaster, which merged in 2010. </p>
<p>In September, Live Nation was separately sued by the Federal Trade Commission over what the agency called &#8220;illegal&#8221; ticket resale tactics. The FTC said Ticketmaster controls roughly 80% of major concert venues&#8217; ticketing.</p>
<p>In a Monday statement, New York Attorney General Letitia James said her office would continue to fight against Live Nation&#8217;s alleged monopoly even after its agreement with the DOJ. </p>
<p>&#8220;The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it,&#8221; said James, who is joined by the attorneys general of more than 20 other states. </p>
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		<title>A year after Jimmy Carter&#8217;s death, the disease he swore to eradicate reaches an all-time low</title>
		<link>https://lsd.hu/a-year-after-jimmy-carters-death-the-disease-he-swore-to-eradicate-reaches-an-all-time-low/</link>
		
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		<pubDate>Sat, 31 Jan 2026 05:43:19 +0000</pubDate>
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					<description><![CDATA[The Carter Center&#8217;s decades-long fight against an ancient parasite affecting some of the world&#8217;s poorest may soon end in a victory. After leaving the White House, former President Jimmy Carter made the eradication of Guinea worm a top mission of the Carter Center, the nonprofit he and his wife, Rosalynn Carter, founded. Even after entering [&#8230;]]]></description>
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<p>The Carter Center&#8217;s decades-long fight against an ancient parasite affecting some of the world&#8217;s poorest may soon end in a victory.</p>
<p>After leaving the White House, former President Jimmy Carter made the eradication of Guinea worm a top mission of the Carter Center, the nonprofit he and his wife, Rosalynn Carter, founded. Even after entering home hospice care in 2023, aides said Carter kept asking for Guinea worm updates.</p>
<p>Rarely fatal but searingly painful and debilitating, Guinea worm disease infects people who drink water tainted with larvae that grow inside the body into worms as long as 3 feet. The noodle-thin parasites then burrow their way out, breaking through the skin in burning blisters. </p>
<p>To get rid of the parasite, worms have to be gently wound around a stick as they&#8217;re slowly pulled through the skin. Removing an entire worm without breaking it can take weeks.</p>
<p>When the Carter Center started leading the global Guinea worm eradication campaign, an estimated 3.5 million people in 21 African and Asian countries were afflicted with the disease. On World NTD Day on Friday, the center announced that there were only 10 human cases reported across the world.</p>
<p>The center said two of the provisional cases were detected in South Sudan, four in Chad, and four in Ethiopia.</p>
<p>These numbers remain provisional until they are officially confirmed by each country during the campaign&#8217;s annual meeting, which is usually held in April.</p>
<figure class="embed embed--type-image is-image embed--float-none embed--size-medium">
<p>      <span class="img embed__content"><img decoding="async" src="https://assets2.cbsnewsstatic.com/hub/i/r/2026/01/30/b250977f-fde8-4e92-b3d9-790613c0e6e7/thumbnail/620x349/2d748c9d365b020fdb0f68a20c5a2bb4/gettyimages-508227028.jpg#" alt="Former US President Jimmy Carter Deliver A Lecture on Guinea Worm Eradication " height="349" width="620" class=" lazyload" srcset="https://assets2.cbsnewsstatic.com/hub/i/r/2026/01/30/b250977f-fde8-4e92-b3d9-790613c0e6e7/thumbnail/620x349/2d748c9d365b020fdb0f68a20c5a2bb4/gettyimages-508227028.jpg 1x, https://assets3.cbsnewsstatic.com/hub/i/r/2026/01/30/b250977f-fde8-4e92-b3d9-790613c0e6e7/thumbnail/1240x698/9cfbd5cceeb96fe97eedce1a450691d2/gettyimages-508227028.jpg 2x" loading="lazy" title="A year after Jimmy Carter&#039;s death, the disease he swore to eradicate reaches an all-time low 18"></span><figcaption class="embed__caption-container">
<p>                  <span class="embed__caption">Former President Carter receives delivers a lecture on the eradication of the Guinea worm, at the House of Lords on Feb. 3, 2016, in London. The lecture, entitled &#8220;Final Days of the Fiery Serpent: Guinea Worm Eradication,&#8221; was delivered by Mr. Carter on behalf of The Carter Centre.</span></p>
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<p>                Eddie Mullholland-WPA Pool / Getty Images</p>
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<p>&#8220;President Carter always said he wanted to outlast the last Guinea worm. While he didn&#8217;t quite get his wish, he and Mrs. Carter would be proud to know there were only 10 human cases reported in 2025. And they would remind us that the work continues until we reach zero,&#8221; said Carter Center CEO Paige Alexander.</p>
<h2>Defeating a disease through persuasion</h2>
<p>Guinea worm would be the second human disease to be eradicated in history, following smallpox. Remarkably, it&#8217;d be the first without a medicine or vaccine.</p>
<p>Instead of finding a cure, the campaign sought to break the worm&#8217;s life cycle in communities suffering from the parasite —persuading millions to change their behavior.</p>
<p>Workers from the center and host governments trained volunteers to teach neighbors to filter water through cloth screens, removing tiny fleas that carry the larvae. Villagers learned to watch for and report new cases — often for rewards of $100 or more. Infected people and dogs had to be prevented from tainting water sources.</p>
<figure class="embed embed--type-image is-image embed--float-none embed--size-medium">
<p>      <span class="img embed__content"><img decoding="async" src="https://assets1.cbsnewsstatic.com/hub/i/r/2026/01/30/c5af4b87-0037-45c8-ac4a-1ab2e26d24c3/thumbnail/620x412/f9b2bc8ed6597c8ae9ad239d5bac6866/gettyimages-585855522.jpg#" alt="Ghana - Guinea Worm - Drinking Filter " height="412" width="620" class=" lazyload" srcset="https://assets1.cbsnewsstatic.com/hub/i/r/2026/01/30/c5af4b87-0037-45c8-ac4a-1ab2e26d24c3/thumbnail/620x412/f9b2bc8ed6597c8ae9ad239d5bac6866/gettyimages-585855522.jpg 1x, https://assets1.cbsnewsstatic.com/hub/i/r/2026/01/30/c5af4b87-0037-45c8-ac4a-1ab2e26d24c3/thumbnail/1240x824/954838dac7df5e1922d8f14c0d7eb83b/gettyimages-585855522.jpg 2x" loading="lazy" title="A year after Jimmy Carter&#039;s death, the disease he swore to eradicate reaches an all-time low 19"></span><figcaption class="embed__caption-container">
<p>                  <span class="embed__caption">Farmer and bicycle fitter Nuru Ziblim teaches children how to filter their water with a special drinking device, when visiting the farms, so as to not ingest the guinea worm larvae.</span></p>
<p>                  <span class="embed__credit"></p>
<p>                Louise Gubb/Corbis via Getty Images</p>
<p>                          </span><br />
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<p>Health workers investigate every report of the disease. The Carter Center says there were more than 1 million rumors investigated in 2025, most within 24 hours of notification.</p>
<p>&#8220;This campaign reflects the values that shaped my grandparents&#8217; lives — the conviction that hope, hard work, and respect for everyone can change the world. Seeing Guinea worm cases reach historic lows is one of the clearest expressions of that legacy and our commitment to the communities where trust has been earned,&#8221; said Jason Carter, the Carter Center board chair and eldest grandchild of Jimmy and Rosalynn.</p>
<h2>Jimmy Carter made eradication a personal mission</h2>
<p>Mr. Carter&#8217;s fundraising enabled the center to pour $500 million into fighting Guinea worm. He persuaded manufacturers to donate larvicide as well as nylon cloth and specially made drinking straws to filter water. His visits to afflicted villages often attracted news coverage, raising awareness globally.</p>
<p>&#8220;He went to so many of the localities where people were afflicted,&#8221; said Dr. William Brieger, a professor of international health at Johns Hopkins University who spent 25 years in Africa. &#8220;The kind of attention that was drawn to him for getting on the ground and highlighting the plight of individual people who were suffering, I think that made an important difference.&#8221;</p>
<figure class="embed embed--type-image is-image embed--float-none embed--size-medium">
<p>      <span class="img embed__content"><img decoding="async" src="https://assets3.cbsnewsstatic.com/hub/i/r/2026/01/30/b8f79a56-423c-45ca-8d90-0b857afb6c1e/thumbnail/620x413/cc16cd0e6e4929ae9676c72e2375c7be/ap24365587417240.jpg#" alt="Jimmy Carter Guinea Worm " height="413" width="620" class=" lazyload" srcset="https://assets3.cbsnewsstatic.com/hub/i/r/2026/01/30/b8f79a56-423c-45ca-8d90-0b857afb6c1e/thumbnail/620x413/cc16cd0e6e4929ae9676c72e2375c7be/ap24365587417240.jpg 1x, https://assets2.cbsnewsstatic.com/hub/i/r/2026/01/30/b8f79a56-423c-45ca-8d90-0b857afb6c1e/thumbnail/1240x826/cdddbd9f5263891356dbe3159f095899/ap24365587417240.jpg 2x" loading="lazy" title="A year after Jimmy Carter&#039;s death, the disease he swore to eradicate reaches an all-time low 20"></span><figcaption class="embed__caption-container">
<p>                  <span class="embed__caption">In this Nov. 4, 2010 photo, Ajak Kuol Nyamchiek, 7, watches while John Lotiki, a nurse with the Carter Center, bandages the blister on her leg from where a guinea worm is slowly emerging in Abuyong, Sudan.</span></p>
<p>                  <span class="embed__credit"></p>
<p>                Maggie Fick / AP</p>
<p>                          </span><br />
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<p>Carter first saw the disease up close in 1988 while visiting a village in Ghana where nearly 350 people had worms poking through their skin. He approached a young woman who appeared to be cradling a baby in her arm.</p>
<p>&#8220;But there was no baby,&#8221; Carter wrote in his 2014 book &#8220;A Call to Action.&#8221; &#8220;Instead, she was holding her right breast, which was almost a foot long and had a worm emerging from the nipple.&#8221;</p>
<p>Carter used his status to sway other leaders to play larger roles. Some heads of state got competitive, spurred by the center&#8217;s charts and newsletters that showed which countries were making progress and which lagged behind.</p>
<p>Visiting a hospital packed with suffering children and adults amid a 2007 resurgence in Ghana, Carter suggested publicly that the disease should perhaps be renamed &#8220;Ghana worm,&#8221; which pushed the country&#8217;s leaders to take action. Ghana ended transmission within three more years.</p>
<p>The World Health Organization&#8217;s target for eradication is 2030. Carter Center leaders hope to achieve it sooner.</p>
<p><em>The Associated Press contributed to this report.</em></p>
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		<title>Bitmine Deepens Ethereum Bet With $514M ETH Staking Move – Staking Exposure Reaches $5.6B &#124; Bitcoinist.com</title>
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		<pubDate>Fri, 16 Jan 2026 07:12:11 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/bitmine-deepens-ethereum-bet-with-514m-eth-staking-move-staking-exposure-reaches-5-6b-bitcoinist-com/</guid>

					<description><![CDATA[Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has reclaimed the $3,300 level after weeks of choppy and uncertain price action, offering bulls a brief sense of relief. However, upside momentum remains fragile, as buyers continue to struggle against the $3,400 zone, a level that has repeatedly capped recent [&#8230;]]]></description>
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<p>Ethereum has reclaimed the $3,300 level after weeks of choppy and uncertain price action, offering bulls a brief sense of relief. However, upside momentum remains fragile, as buyers continue to struggle against the $3,400 zone, a level that has repeatedly capped recent advances. This area now stands as a clear short-term inflection point, separating a potential recovery phase from what some analysts still describe as a broader bearish structure.</p>
<p>Market participants remain divided. On one side, skeptics argue that the latest rebound resembles a classic relief rally, driven by short covering and temporary sentiment improvement rather than a genuine shift in trend.</p>
<p>From this perspective, Ethereum may still be vulnerable to renewed downside if macro conditions tighten or risk appetite fades. On the other side, more constructive analysts believe the stabilization above $3,300 could mark the early stages of a recovery, with higher levels coming into focus if resistance is convincingly reclaimed.</p>
<p>Adding complexity to the narrative, on-chain developments continue to draw attention. Just a few hours ago, Bitmine staked an additional 154,304 ETH, worth roughly $514 million, signaling sustained confidence from large players despite market uncertainty. As price compresses below resistance, Ethereum now sits at a critical juncture where conviction from both bulls and bears is being tested.</p>
<figure style="width: 1200px" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" src="https://pbs.twimg.com/media/G-qh81eaMAEppNr?format=jpg&amp;name=medium" alt="Bitmine Ethereum Transfers | Source: Arkham" width="1200" height="772" title="Bitmine Deepens Ethereum Bet With $514M ETH Staking Move – Staking Exposure Reaches $5.6B | Bitcoinist.com 26"><figcaption class="wp-caption-text">Bitmine Ethereum Transfers | Source: <a href="https://intel.arkm.com/explorer/entity/bitmine" target="_blank" rel="noopener nofollow">Arkham</a></figcaption></figure>
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<p><h2 data-start="0" data-end="68">Bitmine’s Growing Staking Footprint Signals Long-Term Conviction</h2>
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<p>According to <a href="https://intel.arkm.com/explorer/entity/bitmine" target="_blank" rel="noopener nofollow">data</a> reported by Lookonchain, Bitmine’s Ethereum exposure has reached a notable scale. In total, the firm has now staked approximately 1,685,088 ETH, valued at around $5.62 billion at current prices. This places Bitmine among the largest single staking participants in the Ethereum ecosystem, underscoring the growing role of institutional and quasi-institutional actors in securing the network.</p>
<p>What makes this positioning particularly relevant is Bitmine’s overall balance. The company reportedly holds about 2.133 million ETH in total, meaning that close to 80% of its Ether reserves are actively staked rather than sitting idle. This allocation suggests a long-term, yield-oriented strategy rather than a short-term trading approach. By committing such a large portion of its holdings to staking, Bitmine is effectively signaling confidence in Ethereum’s medium- to long-term outlook, despite ongoing price volatility and macro uncertainty.</p>
<p>From a market perspective, large-scale staking reduces the amount of ETH that is readily liquid and available for sale. While this does not eliminate selling pressure entirely, it can contribute to a tighter circulating supply during periods of demand recovery.</p>
<p>At the same time, concentrated staking activity highlights how network security and yield generation are increasingly influenced by large holders. As Ethereum trades near key resistance levels, Bitmine’s positioning reinforces the narrative that some major players remain structurally committed, even as short-term price direction remains contested.</p>
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<p><h2 data-start="0" data-end="67">Ethereum Tests Key Weekly Resistance</h2>
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<p>Ethereum’s price action on the weekly chart shows a market attempting to stabilize after a volatile multi-year cycle. ETH has reclaimed the $3,300 area and is now trading just below a clearly defined resistance zone near $3,400. This level has repeatedly capped upside during prior rallies, making it a critical area for bulls to reclaim with conviction.</p>
<figure id="attachment_657968" aria-describedby="caption-attachment-657968" style="width: 980px" class="wp-caption aligncenter"><img data-recalc-dims="1" loading="lazy" decoding="async" class="wp-image-657968 size-large" src="https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=980&amp;resize=980%2C625" alt="ETH consolidates around critical liquidity level | Source: ETHUSDT chart on TradingView" width="980" height="625" srcset="https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=2176 2176w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=640 640w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=768 768w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=980 980w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=750 750w, https://bitcoinist.com/wp-content/uploads/2026/01/ETHUSDT_2026-01-15_08-02-59.png?w=1140 1140w" sizes="auto, (max-width: 980px) 100vw, 980px" title="Bitmine Deepens Ethereum Bet With $514M ETH Staking Move – Staking Exposure Reaches $5.6B | Bitcoinist.com 27"><figcaption id="caption-attachment-657968" class="wp-caption-text">ETH consolidates around critical liquidity level | Source: <a href="https://www.tradingview.com/chart/H7cS2cAO/?symbol=BITSTAMP%3ABTCUSD" target="_blank" rel="noopener nofollow">ETHUSDT chart on TradingView</a></figcaption></figure>
<p>From a trend perspective, Ethereum remains above its long-term moving averages, including the 200-week line, which continues to slope upward. This suggests that despite recent drawdowns, the broader structural uptrend has not been invalidated. However, price is still trading below the previous cycle highs near $4,200–$4,400, highlighting that ETH is in a recovery phase rather than a confirmed breakout.</p>
<p>Momentum has improved compared to late 2025, with higher lows forming after the sharp sell-off toward the $1,600–$1,800 region. Volume during the rebound has been moderate, signaling participation without clear signs of speculative excess. This supports the idea of controlled accumulation rather than euphoric chasing.</p>
<p>Still, the inability to cleanly break above $3,400 keeps downside risk relevant. A rejection here could lead to renewed consolidation toward the $2,800–$3,000 zone. For bullish continuation, ETH needs a sustained weekly close above resistance, which would shift market structure and open the path toward higher liquidity zones above $3,800.</p>
<p><span style="font-weight: 400;">Featured image from ChatGPT, chart from TradingView.com </span></p>
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		<title>JPMorgan Chase reaches deal to become Apple Card issuer as Goldman closes chapter on consumer foray</title>
		<link>https://lsd.hu/jpmorgan-chase-reaches-deal-to-become-apple-card-issuer-as-goldman-closes-chapter-on-consumer-foray/</link>
		
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		<pubDate>Thu, 08 Jan 2026 05:30:05 +0000</pubDate>
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					<description><![CDATA[Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California. Noah Berger &#124; AFP &#124; Getty Images JPMorgan Chase has reached a deal to take over the Apple credit card from its original issuer, Goldman Sachs, the two banks said Wednesday in separate releases. [&#8230;]]]></description>
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<p>Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California.</p>
<p>Noah Berger | AFP | Getty Images</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">JPMorgan Chase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> has reached a deal to take over the <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Apple<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> credit card from its original issuer, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Goldman Sachs<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, the two banks said Wednesday in separate <a href="https://www.jpmorganchase.com/ir/news/2026/chase-to-become-new-issuer-of-apple-card" target="_blank" rel="noopener">releases</a>.</p>
<p>The arrangement, completed after a year of negotiations between the parties, means that a giant in credit cards and retail banking overall will grow even larger. JPMorgan will take over more than $20 billion in card loans from Goldman, which began to pivot away from consumer finance in 2022.</p>
<p><a href="https://www.jpmorganchase.com/ir/news/2026/chase-to-become-new-issuer-of-apple-card" target="_blank" rel="noopener">JPMorgan said</a> that the deal will take about 24 months to close and that it will book a $2.2 billion provision for credit losses when it reports fourth-quarter 2025 earnings next week.</p>
<p>Customers will continue to tap the card&#8217;s existing perks and it will continue to run on Mastercard&#8217;s network, the bank said.</p>
<p>&#8220;Chase shares our commitment to innovation and delivering products and services that enhance consumers&#8217; lives,&#8221; Jennifer Bailey, an Apple executive in charge of payments, said in the release. &#8220;We look forward to working together to continue to provide a best-in-class experience.&#8221;</p>
<p>The contract, further enmeshing JPMorgan with a dominant tech player, burnishes the bank&#8217;s reputation as a leader in American finance. Even before this deal, it was already the country&#8217;s largest credit card issuer by <a href="https://money.usnews.com/credit-cards/articles/biggest-us-credit-card-companies-this-year#:~:text=According%20to%20The%20Nilson%20Report,Credit%20Card%20Networks" target="_blank" rel="noopener">purchase volume</a>.</p>
<p>For Goldman, offloading the Apple Card business helps it move past a rocky chapter for CEO David Solomon. Goldman entered the credit card business with great fanfare in 2019 by beating out other issuers for the Apple Card.</p>
<p>&#8220;This transaction substantially completes the narrowing of our focus in our consumer business,&#8221; Solomon said in his bank&#8217;s <a href="https://www.goldmansachs.com/pressroom/press-releases/2026/goldman-sachs-announces-agreement-to-transition-apple-card-program-to-chase" target="_blank" rel="noopener">release</a>. &#8220;We look forward to continuing to support our customers during the transition to a new issuer as we focus on advancing the strategy we laid out for our core franchises.&#8221;</p>
<p>Goldman said that the transaction will boost its earnings by 46 cents per share when it posts results next week.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>Last bank standing</h2>
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<p>In July, CNBC reported that talks between JP Morgan and Apple had progressed, with JPMorgan being the last bank standing after other interested issuers, including American Express, Synchrony and Barclays, exited.</p>
<p>At the time, people with knowledge of the matter said that JPMorgan would only take on the Apple Card portfolio if Goldman and Apple were willing to make concessions.</p>
<p>It appears as though JPMorgan succeeded on at least one front: It is taking over the Apple Card portfolio at a discount of more than $1 billion, according to a person familiar with the transaction, who spoke on the condition of anonymity about confidential details. </p>
<p>The portfolio contains more subprime and lower-credit borrowers than JPMorgan would usually serve, people with knowledge of the business have told CNBC. Apple wanted Goldman to service as many of its iPhone users as possible, the sources have said.</p>
<p>JPMorgan is also planning to offer an Apple savings account as part of a bundle of financial services the tech giant offers. The Wall Street Journal first reported on the deal.</p>
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		<title>The wealth of the top 1% reaches a record $52 trillion</title>
		<link>https://lsd.hu/the-wealth-of-the-top-1-reaches-a-record-52-trillion/</link>
		
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		<pubDate>Mon, 06 Oct 2025 03:40:47 +0000</pubDate>
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					<description><![CDATA[A version of this article first appeared in CNBC&#8217;s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit [&#8230;]]]></description>
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<p><em>A version of this article first appeared in CNBC&#8217;s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. </em><em>Sign up</em><em> to receive future editions, straight to your inbox.</em></p>
<p>The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit the biggest investors, according to new data from the Federal Reserve.</p>
<p>The total wealth of the top 10% — or those with a net worth of more than $2 million — reached a record $113 trillion in the second quarter, up from $108 trillion in the first quarter, according to the Fed. The increase follows three years of continued growth for those at the top, with the top 10% adding over $40 trillion to their wealth since 2020.</p>
<p>All wealth groups saw gains over the past year, with the net worth of the bottom half of Americans increasing 6% over the past 12 months, according to the Fed data. Yet the growth has been fastest for those at the very top. The top 1% have seen their wealth increase by $4 trillion over the past year, an increase of 7%. Their wealth hit a record $52 trillion in the second quarter.</p>
<p>The top 0.1% saw their wealth grow by 10% over the past year. Since the pandemic, the top 0.1%, or those with a net worth of at least $46 million, have seen their total wealth nearly double to over $23 trillion.</p>
<p>Despite the recent faster growth at the top, the total shares of wealth held by the upper echelon has remained fairly stable for decades. The top 1% held 29% of total household wealth in the second quarter, compared with 28% in 2000. The top 10% held 67% of total household wealth in the quarter while the bottom 90% held 33%.</p>
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<p>The biggest driver of wealth gains at the top this year has been the stock market. The value of the corporate equities and mutual fund shares held by the top 10% increased from $39 trillion to over $44 trillion over the past year. The top 10% of Americans hold over 87% of corporate equities and mutual fund shares.</p>
<p>The population of the ultra-wealthy is also growing rapidly. The number of ultra-high-net-worth Americans, or those worth $30 million or more, grew 6.5% in the first half of 2025, after surging 21% last year, according to a new report from Altrata. There are now 208,090 ultra-high-net-worth individuals in the U.S., accounting for 41% of the world&#8217;s total.</p>
<p>The surging wealth at the top has created an increasingly bifurcated consumer economy, with the wealthy accounting for a growing share of overall spending. Consumers in the top 10% of the income distribution accounted for 49.2% of consumer spending in the second quarter, marking the highest level since data started being compiled in 1989, according to Mark Zandi at Moody&#8217;s Analytics.</p>
<p>The so-called &#8220;K-shaped economy&#8221; has performed well so far, at least according to broad economic measures such as GDP and consumption. Yet the growing dependence on a small sliver of consumers at the top carries risks.</p>
<p>Zandi said a deep and prolonged decline in the stock market, which is driving almost all of the wealth gains at the top, could send wider ripples through the economy.</p>
<p>&#8220;The economy is being powered in big part by the spending of the extraordinarily well-to-do, who are cheered by the surging value of their stock portfolios,&#8221; he said. &#8220;If the richly (over) valued stock market were to stumble, for whatever reason, and the well-to-do see more red on their stock tickers than green, they will quickly turn more cautious in their spending, posing a serious threat to the already fragile economy.&#8221;</p>
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		<title>FPIs offload equities worth Rs 23,885 cr in Sep; total outflow reaches Rs 1.6 lakh cr in 2025</title>
		<link>https://lsd.hu/fpis-offload-equities-worth-rs-23885-cr-in-sep-total-outflow-reaches-rs-1-6-lakh-cr-in-2025/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 05 Oct 2025 20:26:13 +0000</pubDate>
				<category><![CDATA[Stock]]></category>
		<category><![CDATA[angel one]]></category>
		<category><![CDATA[Equities]]></category>
		<category><![CDATA[foreign investors]]></category>
		<category><![CDATA[FPIs]]></category>
		<category><![CDATA[indian equities]]></category>
		<category><![CDATA[lakh]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Morningstar Investment Research India]]></category>
		<category><![CDATA[Offload]]></category>
		<category><![CDATA[Outflow]]></category>
		<category><![CDATA[Portfolio]]></category>
		<category><![CDATA[reaches]]></category>
		<category><![CDATA[Sep]]></category>
		<category><![CDATA[total]]></category>
		<category><![CDATA[worth]]></category>
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					<description><![CDATA[Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around USD 2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore (USD 17.6 billion). This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, [&#8230;]]]></description>
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<div data-brcount="18">Foreign portfolio investors (FPIs) remained net sellers of Indian equities in September, withdrawing Rs 23,885 crore (around USD 2.7 billion) and taking year-to-date outflow to Rs 1.58 lakh crore (USD 17.6 billion).</p>
<p>This marks the third consecutive month of withdrawals, following heavy outflows of Rs 34,990 crore in August and Rs 17,700 crore in July, data from depositories showed.</p>
<p>The latest selling was driven by multiple factors, like US trade and policy shocks &#8212; steep tariff hikes of up to 50 per cent on Indian goods and a one-time USD 100,000 H-1B visa fee, which hurt sentiment toward export-oriented sectors, especially IT, Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India, said.</p>
<p>The rupee&#8217;s fall to a record low level also added currency risk, while relatively high valuations of Indian equities prompted rotation to other Asian markets, he added.</p>
<p>Despite the ongoing sell-off, some analysts believe conditions may gradually turn in India&#8217;s favour.</p>
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<p>Vaqarjaved Khan, Senior Fundamental Analyst at Angel One, noted that valuations have now become more reasonable and that factors, such as a cut in GST rates and a pro-growth monetary policy, could help rekindle foreign interest.&#8221;India remains the fastest-growing major economy globally,&#8221; Khan said, adding that the upcoming earnings season and macroeconomic data will play a key role in determining FPI flows in the near term.Echoing this, Srivastava pointed out that a sustained FPI turnaround will hinge on tariff clarity, currency stabilisation, earnings visibility, and a supportive global rate environment. If these factors improve, India&#8217;s strong structural growth story could draw foreign investors back selectively.</p>
<p>Meanwhile, debt markets witnessed net inflow, FPIs invested about Rs 1,085 crore under the general limit and Rs 1,213 crore through the voluntary retention route in September.</p>
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<p>VK Vijayakumar, Chief Investment Strategist at Geojit Investments, observed that FPIs&#8217; strategy of shifting funds from India to other markets has so far yielded better returns, as Indian equities have underperformed most global markets over the past year, with one-year returns in negative territory.</p></div>
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