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Crypto Breaking News

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Cryptocurrency

Three men charged in US over alleged Bitcoin kidnap plot

The US Attorney's Office for the District of Connecticut has charged three men from St Louis — Sedric Louis, John Davis, and Martel Williams — with conspiracy to interfere with commerce through robbery, alleging they plotted to break into a residence and force victims to transfer cryptocurrency linked to a multi-hundred-million-dollar Bitcoin (CRYPTO:BTC) theft.

Read more: Three men charged in US over alleged Bitcoin kidnap plot
Grafa
Insights

Bitcoin’s mining rebound puts rival proof-of-work networks in focus

  • Bitcoin miners generated US$875.35 million in July, up US$38.93 million from June’s US$836.41 million.
  • Bitcoin hash price rose from US$29.01 to US$31.59 per PH/s over 30 days, improving revenue from computing power.
  • Higher mining difficulty, BIP-110 signalling and competition for computing power remain key pressures across proof-of-work networks.
Read more: Bitcoin’s mining rebound puts rival proof-of-work networks in focus
Grafa
Insights

Samsung’s stablecoin push puts five digital dollars in focus

  • Samsung Electronics plans native stablecoin support through Samsung Wallet as its Galaxy AI device base targets 800 million.
  • USD Coin (CRYPTO:USDC) had US$72.3 billion circulating on 27 July, while PayPal USD (CRYPTO:PYUSD) recently exceeded US$2.6 billion.
  • Samsung has not confirmed the stablecoin, blockchain, custody model, eligible markets or launch date, leaving the final distribution model unclear.
Read more: Samsung’s stablecoin push puts five digital dollars in focus
Bloomberg
Financial

LIV Golf Tries to Survive Without Saudi Billions

LIV Golf is seeking fresh investments as it prepares to cut purses and move away from the huge guaranteed payments that helped it lure some of golf's biggest stars. Author of "LIV or Let Die" Alan Shipnuck is on Bloomberg This Weekend to explain that the league's future may depend on retaining players including Jon Rahm and Bryson DeChambeau while proving it can attract enough fans and revenue to operate with less financial support from Saudi Arabia.

Read more: LIV Golf Tries to Survive Without Saudi Billions
Bloomberg
Financial

US Munitions Strain Complicates Iran Strategy

The US remains outside formal negotiations with Iran as Oman and Tehran discuss arrangements for the Strait of Hormuz, leaving the diplomatic path uncertain and raising the possibility of renewed fighting. Joining Bloomberg This Weekend, Bloomberg News White House & National Security Editor Michelle Jamrisko explains to David Gura and Christina Ruffini that strains on US munitions supplies are complicating Washington's options, with the Pentagon pushing defense contractors to accelerate production while balancing weapons needs across Iran, Ukraine and other potential conflicts.

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Bloomberg
Financial

Hunting Camo Moves From the Woods to Runways

Hunting camouflage has moved from the woods into mainstream fashion, fueled by demand for vintage workwear and rural American aesthetics. Bloomberg Weekend Senior Features Writer Madison Darbyshire is on Bloomberg This Weekend to explain how the trend has reached streetwear and luxury fashion, where inexpensive hunting gear can inspire pieces costing thousands of dollars and give urban consumers a way to adopt the imagery of traditional masculinity and blue-collar culture.

Read more: Hunting Camo Moves From the Woods to Runways
Bloomberg
Financial

University of California Faculty Push to Bring Back SAT and ACT Score Consideration

Thousands of University of California faculty members are pushing the system to reconsider its test free admissions policy, arguing that SAT and ACT scores could help identify students prepared for college-level work as concerns grow about grade inflation and AI use. Bloomberg News Education Policy Reporter Liam Knox explains to hosts David Gura and Christina Ruffini that the university has launched a faculty-led review, but opponents argue standardized tests can reinforce socioeconomic disparities, and UC says no change will affect students applying for fall 2027 admission.

Read more: University of California Faculty Push to Bring Back SAT and ACT Score Consideration