Crypto Breaking News

The European Union’s Markets in Crypto-Assets regulation is entering its final transition phase, forcing smaller crypto firms to obtain licences or halt services by July 1.

The Financial Conduct Authority led coordinated raids on eight London premises targeting suspected illegal peer-to-peer crypto trading operations.

The United States government is operating a Bitcoin network node as part of cybersecurity testing, according to a senior military official speaking before Congress.

Cryptocurrency exchange Kraken has urged US lawmakers to reform crypto tax rules after reporting tens of millions of low-value transactions to the Internal Revenue Service for 2025.

Thailand’s Securities and Exchange Commission is seeking public comment on proposed rule changes that would allow licensed digital asset firms to offer derivatives without creating separate entities.

The American Bankers Association has asked US regulators for a 60-day extension to comment on stablecoin rules, potentially delaying implementation of the GENIUS Act framework.

Sam Bankman-Fried has withdrawn his request for a new trial in federal court while continuing to pursue an appeal of his conviction and a bid to have a different judge oversee proceedings.

SK Hynix Inc. reported a five-fold jump in quarterly profit and reiterated plans to ratchet up its capex "significantly" this year, underscoring surging prices of memory chips that underpin global artificial intelligence development.

Suburban Propane President and CEO Michael Stivala joins Bloomberg Businessweek Daily to discuss the company's current supply and demand outlook as the Iran war weighs on commodities and consumer costs across the board. Stivala says the company's robust domestic supply is keeping inventory levels elevated at a record high. He speaks with Carol Massar and Tim Stenovec.

In another reversal, US President Donald Trump announced a unilateral, open-ended extension of the ceasefire in the Iran war. Now, there's no peace, but no active war either. This may become the new normal: a fragile ceasefire without a formal deal, with tensions simmering, sporadic flare-ups, and oil near $100. A geo-economics analysis by Bloomberg Economics highlights that the war may be settling into a prolonged middle ground: on the one hand, no formal end to the hostilities between the US/Israel and Iran because the underlying differences remain unresolved, and on the other hand, a costly escalation that draws the US deeper into a conflict it doesn't want. Ray Takeyh, Council on Foreign Relations Hasib J. Sabbagh Senior Fellow for Middle East Studies, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

White House National Economic Council Director Kevin Hassett says he supports Federal Reserve Chair Jerome Powell's plan to stay on at the central bank's helm on a temporary basis if a successor hasn't been confirmed by the Senate when his term expires next month.

Jay Hatfield, Infrastructure Capital Advisors CEO and CIO, joins Bloomberg Businessweek Daily to discuss his markets and macro outlook, including his year-end S&P 500 price target of 8,000 which he continues to stand by as markets hit new highs amid the Iran war. Hatfield also adds that even amid broader geopolitical tensions and higher energy prices, "The notion that the US has lost its exceptionalism is ridiculous." On Wednesday, stocks climbed to all-time highs as a slew of strong corporate results and President Donald Trump's extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied. The S&P 500's 1% gain extended its advance for the month, set to be the best since 2020. Chipmakers climbed for a 16th straight day, the longest-ever winning streak. Hatfield speaks with Carol Massar and Tim Stenovec.