CryptoBreaking News

• Coinbase Global (NASDAQ:COIN) is investigating an AI-generated notification that incorrectly reported the result of a FIFA World Cup match before kickoff.
• The incident comes as Coinbase expands prediction markets through Kalshi while increasing the use of artificial intelligence across customer-facing products.
• AI accuracy, regulatory oversight and user confidence remain major challenges as prediction markets become more widely adopted.

• Chainlink (CRYPTO:LINK) is providing onchain net asset value (NAV) data for Fidelity International's tokenised liquidity fund.
• The collaboration supports a tokenised fund backed by a US$6.9 billion Institutional Liquidity Fund and enables trusted NAV data to be published onchain.
• Regulatory compliance, reliable pricing data and institutional adoption remain key challenges for tokenised real-world assets. 

• US spot Bitcoin ETFs recorded US$197 million in net inflows, ending eight consecutive weeks of net outflows.
• Institutional demand, exchange-traded fund flows and network activity continue to shape liquidity across leading blockchain assets.
• Geopolitical tensions, higher oil prices and resistance near Bitcoin's US$65,000 level remain key risks for the broader crypto market.

Brad Sims, CEO of New York City FC, discussed the significant impact of the FIFA World Cup final being held at MetLife Stadium on the growth of soccer fandom in the United States, particularly in New York. He highlighted that New York has long been a soccer city, and the World Cup has united fans and attracted many new followers to the sport. He speaks with Romaine Bostick on "The Close."

The upcoming World Cup final is anticipated to provide a moderate boost to US sports betting operators in the third quarter, particularly if underdog Argentina defeats Spain. Adam Greenblatt, CEO of BetMGM, discussed the potential impact on major sportsbooks such as DraftKings, FanDuel, and BetMGM itself. Bloomberg Intelligence's analysis highlights the increased betting activity driven by the high-profile match, with the defending champion Lionel Messi's participation further fueling interest among bettors. He speaks with Katie Greifeld & Randall Williams on "The Close."

Andrés Cantor, Telemundo's Play-by-Play Announcer, shared insights from his extensive experience covering the World Cup, marking his tenth tournament calling matches and eleventh as a reporter. Cantor described his preparation routine for such a major event, including managing vocal strain from previous matches. Reflecting on the evolution of soccer fandom in the United States, he contrasted the 1994 World Cup, when soccer was still a novelty, with the current tournament, which has seen record attendance and a highly knowledgeable fan base. He speaks with Katie Greifeld & Randall Williams on "The Close."

Global Citizen CEO Hugh Evans discussed the unprecedented FIFA World Cup halftime show, curated by Chris Martin of Coldplay, featuring a diverse lineup including BTS, Justin Bieber, Madonna, Shakira, Burna Boy, the PS22 choir, Gustavo Dudamel with the New York Philharmonic, and the Simon Bolivar Orchestra. This event, representing every continent except Antarctica, centers on the theme of unity and love. The halftime show aims to raise over $100 million for the FIFA Global Citizen Education Fund, which supports grassroots literacy programs worldwide. He speaks with Romaine Bostick on "The Close."

Bloomberg's Eric Balchunas, Michael Ball, and Vanessa Perdomo join Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss SpaceX shares falling below it's IPO price, how IPOs impact 401Ks, the future of America's retirement plans, and the World Cup.

Scarlet Fu and Tom Keene discuss their must-read book on this weeks edition of "Bloomberg Money." They discuss 'The Trading Game: A Confession by Gary Stevenson' and 'Reminiscences of a Stock Operator by Edwin Lefèvre.'

Bloomberg's Sarah Foster joins Scarlet Fu and Tom Keene on "Bloomberg Money." A variety of restaurants across the US are offering deals called an 'adult happy meal', which includes a burger, fries, and a drink at a set price.

Nouriel Roubini, CEO of Roubini Macro Associates, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the need to raise the age for retirement, potentially cutting social security benefits, and how the AI revolution could increase the need for universal basic income.

Amanda Lynam, chief credit strategist at Goldman Sachs, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss using bonds as part of personal financial plans, the advent of Trump Accounts compared to traditional portfolios, and the opportunity cost of being defensive when investing in bonds.