CryptoBreaking News

• Arthur Hayes disclosed buying US$2.2 million of Synapse (CRYPTO:SYN), citing its Hypercall options exchange as a potential challenger to Deribit.
• SYN briefly jumped 26%, while derivatives data later showed futures open interest falling 13% to US$31.98 million as traders took profits.
• Decentralised options exchanges continue competing with established derivatives platforms, although liquidity, regulation and user adoption remain key hurdles.

The Ethereum Foundation has released a new guide outlining how Ethereum (CRYPTO:ETH) and EVM-based infrastructure can serve as neutral digital rails for public-sector and institutional systems.

UK pubs will be allowed to stay open for Monday's early morning match, but the overall benefit of the World Cup will likely be short-lived. Bloomberg's Sam Unsed discusses on "The Opening Trade."

Ludovic Subran, chief investment officer and chief economist at Allianz, says there isn't enough evidence to say that the AI trade is in "bubble" territory. Speaking to Bloomberg's Caroline Connan at the Aix-en-Provence Economic Forum in France, he also says emerging-market stocks are looking more attractive due to demand for semiconductors, and that Europe might fail to reap the "AI dividend."

Anna Edwards, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.

Riot Platforms transferred another 500 Bitcoin (CRYPTO:BTC) worth about US$30.72 million to NYDIG Custody.

Binance and payments infrastructure provider Mesh are reportedly discussing a funding round that could value Mesh at as much as US$2 billion, according to a report by Axios citing people familiar with the matter.

Jordan Rochester, Mizuho FICC strategy EMEA head, discusses sharp moves in the yen. "From all the frameworks, dollar-yen should be lower," he tells Bloomberg Television. He adds there has been a change in behaviors in the Japanese space and the yen is not behaving like a G10 currency. "It trades like an EM in terms of its correlation to rates," Rochester says.

Semiconductor stocks started 3Q with their worst two-day selloff in nearly a month. The Philadelphia Stock Exchange Semiconductor Index, which is coming off its best quarter ever with an 88% advance, fell as much as 6% on July 2. Richard Windsor, Founder of Radio Free Mobile spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on the stocks performance.

CACEIS, a subsidiary of Crédit Agricole, is reportedly negotiating to acquire Meria, a France-based cryptocurrency platform with a Markets in Crypto-Assets licence, to expand its digital asset business beyond custody services.

French Finance Minister Roland Lescure discusses the nation's budget deficit, bond markets and the outlook for next year's presidential election. He talks with Bloomberg's Caroline Connan at the Aix-en-Provence Economic Forum in France.

Peter Stokes, a 19-year-old dual US-Estonian citizen, was extradited from Finland to the United States after prosecutors charged him with participating in an alleged US$8 million cryptocurrency ransom attempt linked to the Scattered Spider hacking group.