CryptoBreaking News

India's tax department found that fewer than a quarter of 645,000 people who traded cryptocurrency during the year ended March 2023 reported those transactions on their tax returns.

The Bitcoin Standard Treasury Company (BSTR), backed by more than 30,000 Bitcoin (CRYPTO:BTC), and Cantor Equity Partners I have ended the original terms of their 2025 SPAC merger agreement and will negotiate a revised deal for a planned public listing.

LAB (CRYPTO:LAB) dropped about 90% over 48 hours to US$1.25, reducing its market capitalisation from more than US$5 billion to about US$390 million and drawing renewed scrutiny over its market structure.

American Enterprise Institute Senior Fellow Angela Stent discusses President Trump's announcement he would allow Ukraine to make its own Patriot Missiles. She says Trump "sees that Ukraine looks like a winner, that it has cards that the Ukrainians are really fighting back."

In this segment, Songyee Yoon, Director on HP's Board and Founder of Principal Venture Partners, discusses the emerging divergence between the chip cycle and the hyperscaler cycle amid the AI build-out. She highlights the critical issue of whether hyperscalers will reduce their spending as the costs of AI infrastructure escalate, a factor that could significantly impact the broader AI investment landscape and equity market performance. She speaks with Romaine Bostick & Katie Greifeld on "The Close."

Mark Douglas, CEO of the ad tech company MNTN, discussed Meta's reported ambitions to expand beyond advertising into cloud infrastructure. Douglas expressed skepticism about Meta's ability to compete with established cloud providers like AWS and Google Cloud, citing high switching costs for customers and Meta's lack of excess AI infrastructure capacity to monetize. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Bloomberg's Michelle Davis joins Dani Burger on "Bloomberg Deals" to discuss what's top of mind in media M&A as moguls gather in Sun Valley for Allen & Co.'s annual conference.

Will Todman, chief of staff of the Geopolitics and Foreign Policy Department and senior fellow of the Middle East Program at CSIS, said that a low level conflict with outbursts from both the US and Iran is more likely than an 'all-out' war because the economic costs to both countries are too great. Todman said that Iran is 'very keen' to keep control over the Strait of Hormuz as an economic and strategic negotiating tool.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Bailey Lipschultz.

OpenAI is expanding the release of its most advanced model after getting the green light from the Trump administration. GPT-5.6 will now be available globally. Bloomberg's AI editor Seth Fiegerman reports.

Brian Dobson, managing director & senior analyst, and Greg Pendy, director & equity analyst, at Clear Street discuss their buy rating on SpaceX and say that they're looking at the rocket business as a 'placeholder' for other growing parts of the business like Starlink or xAI.

Grace Lee, partner & managing director and co-lead of the media & entertainment practice at Alix Partners, joins Dani Burger on "Bloomberg Deals." They discuss media dealmaking as executives descended this week on Sun Valley, Idaho, for the Allen & Co. annual gathering of media, technology and finance moguls.