Crypto Breaking News

Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said artificial intelligence labs should rely on independent evaluators and advisers to ensure that models are safe.  Earlier, Nvidia Corp. Chief Executive Officer Jensen Huang made similar remarks, saying safety should be a regular part of the development process, and companies can decide not to release things that are harmful. Bloomberg Intelligence's Matthew Bloxham breaks down the situation.

Stand With Crypto will add senators’ Clarity Act votes to its public scorecards ahead of November’s midterm elections.

The AI boom is creating a new class of billionaires in some unlikely places. Since the rise of ChatGPT in 2022, companies manufacturing overlooked industrial products and obscure hardware have seen their fortunes soar as demand for AI infrastructure takes off. Bloomberg Billionaires reporter Pui Gwen Yeung breaks down how these companies have struck gold.

Oil dropped as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles. The situation in the Middle East remains on an escalatory path, with threats to passage through the Red Sea and Hormuz, alongside pipeline damage in Saudi Arabia. Guy Wolf, Global Head of Market Analytics at Marex spoke to Bloomberg's Abeer Abu Omar on the oil market reaction.

Crypto exchanges have liquidated about $571 million in long positions over the past 24 hours.

Kher Sheng Lee, MD and APAC Co-Head at the Alternative Investment Management Association, says his industry group looks forward to more accommodative measures that will help the industry expand in Hong Kong.

Raymond Yeung, Chief Greater China Economist at ANZ, discusses Hong Kong's move to create its own five-year planning blueprint on "Bloomberg: The China Show."

The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman, as the Houthis started firing at the kingdom on a near-daily basis this month. The hostilities had already pushed Saudi oil production to the lowest level in decades and they now threaten to complicate the kingdom's multi-trillion dollar plans to diversify the economy. Bloomberg's Onur Ant reports.

Kazakhstan has announced plans for a National Cryptocurrency Analytics Centre to monitor digital asset transactions and financial activity.

RedotPay has stopped issuing physical and virtual crypto cards to new users in South Korea.

The XRP Ledger is one validator vote away from starting the activation process for its Batch V1.1 upgrade.

Poland’s state-controlled oil refiner Orlen paid $230 million upfront for Venezuelan crude that was never delivered.