Crypto Breaking News

Goldman Sachs agreed to buy LCN Capital Partners for up to $410 million.

The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement to resolve a broader trade dispute that had plunged relations to a fresh low. President Donald Trump announced the decision less than two hours before the tariffs were set to take effect. Bloomberg's Derek Wallbank reports.

Polymarket US processed its first multi-leg sports trade on August 5, generating $7.4 million in volume.

Bond traders are looking to hedge the risk that the Federal Reserve pivots to cutting rates in 2027. The dovish wagers are at odds with recent moves in the Treasuries market, which saw yields on long-dated bonds climb to multiyear highs as a Fed on hold would keep inflation running above its target for longer. Bloomberg's Ven Ram has more.

Bond traders are looking to hedge the risk that the Federal Reserve pivots to cutting rates in 2027. The dovish wagers are at odds with recent moves in the Treasuries market, which saw yields on long-dated bonds climb to multiyear highs as a Fed on hold would keep inflation running above its target for longer. Bloomberg's Ven Ram has more.

Maya Protocol halted its network after an attacker exploited a vulnerability and drained about $1.7 million.

An attacker drained about 1,082 BTC from wallets linked to a Coldcard firmware flaw.

A global selloff in semiconductor stocks deepened as investors retreated from one of the year's hottest trades. Shares of Samsung and SK Hynix slumped more than 7% in Seoul after losses in US chipmakers sent the Philadelphia Semiconductor Index down 5% on Tuesday. Bloomberg's Winnie Hsu has the details.

The Financial Accounting Standards Board proposed guidance for classifying some stablecoins as cash equivalents under US accounting rules.

Bitcoin (CRYPTO:BTC) trading has become quieter as traders look beyond the largest cryptocurrency for bigger potential returns.

FGE NexantECA Chairman Emeritus Fereidun Fesharaki tells Bloomberg TV that Iran can only survive a few more months of curtailed income due to the Strait of Hormuz conflict. He adds that the US may consider waiting out the regime for a better deal.

James Peng, CEO of Pony AI, says the company plans to expand its robotaxi fleet across more Chinese cities to meet growing demand. He speaks to David Ingles and Yvonne Man on "Bloomberg: The China Show."