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Financial

Bessent's Bluff on Bonds Backfired, Says Pantera's Morehead

Dan Morehead, Pantera Capital founder and managing partner, talks about Treasury Secretary Scott Bessent's plan to ramp up buybacks of long-dated government debt. "The only way a bluff works is if nobody at the poker table knows you are bluffing, and to slide an extra $2 billion of poker chips out onto the table...when you are a forced seller...it backfired," he said on Bloomberg Crypto.

Read more: Bessent's Bluff on Bonds Backfired, Says Pantera's Morehead
Bloomberg
Financial

Trump Iran Messaging 'Extremely Reckless,' Says Rep. Madeleine Dean

Pennsylvania Democrat Madeleine Dean, who sits on the House Foreign Affairs Committee, said the US and its Middle Eastern allies 'are all less safe as a result of this war in Iran' and called the president's messaging around the war 'extremely reckless.' The congresswoman also weighed in on the potential for increased sanctions against Russia, saying that she does not think that the bill will come to a vote this week and that she is wary of the increased tariff authority it would give President Trump, despite her calls for support for Ukraine.

Read more: Trump Iran Messaging 'Extremely Reckless,' Says Rep. Madeleine Dean
Bloomberg
Financial

Polymarket Valuation Hits $21 Billion, Led by 1789 Capital Funding Round

Bloomberg's Todd Gillespie joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Venture capital firm 1789 Capital is leading a new funding round for Polymarket that will give the prediction-markets platform a $21 billion post-money valuation. Donald Trump Jr., a partner at 1789, is an adviser to both Polymarket and Kalshi.

Read more: Polymarket Valuation Hits $21 Billion, Led by 1789 Capital Funding Round
Bloomberg
Financial

Can the US AI Boom Survive Data Center Backlash?

Data centers are emerging as an issue in political races across the US as voters raise concerns about power costs and the rapid AI infrastructure buildout. Information Technology Industry Council CEO Jason Oxman discusses the tech industry's response, growing calls to restrict new projects, and why continued investment is critical to competing with China in AI. He joins Ed Ludlow on "Bloomberg Tech."

Read more: Can the US AI Boom Survive Data Center Backlash?

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