Crypto Breaking News

BitGo selected Chainlink (CRYPTO:LINK) CCIP for US$7.3 billion in Wrapped Bitcoin (CRYPTO:WBTC) cross-chain transfers.

Bitdeer signed a 16-year lease worth up to US$4.7 billion for its Norway AI data centre.

Isao Teshirogi, President and CEO of Shionogi & Co said the company is eyeing more manufacturing sites in the US for next decade. 'We're actively pursuing minimum three deals today', he shared in an exclusive conversation with Bloomberg's Lisa Du.

Ethereum (CRYPTO:ETH) researchers proposed ending consensus-layer staking rewards when roughly 60.25 million ETH, or 50% of supply, is staked.

SpaceX is expected to report US$6.8 billion revenue and a US$1.9 billion second-quarter loss.

Intesa Sanpaolo tripled its iShares Staked Ethereum Trust ETF holding to 349,600 shares worth US$7.1 million.

Tether Gold (CRYPTO:XAUT) physical reserves increased 9.5% in Q2 as demand continued despite falling gold prices.

Nigeria’s Revenue Service has ordered crypto exchanges and peer-to-peer marketplaces to withhold 1% from proceeds on taxable digital asset disposals.

Sinead O'Sullivan, Economist and Former Senior Researcher at Harvard Business School's Institute for Strategy and Competitiveness, discussed the current state and future prospects of SpaceX's Starship program. She emphasized that while investors remain optimistic, the technology is not yet fully developed due to the immense complexity of Starship compared to the Falcon rocket. She speaks with Romaine Bostick on "The Close."

Nate Baxter, CEO and President of Scott'sMiracle-Gro, appeared on the program following the company's recent investor day. He shared that although he has recently assumed the CEO role, his discussions with investors over the past eighteen months have maintained a consistent strategic message. He speaks with Romaine Bostick on "The Close."

Steve Westly, founder and managing partner of The Westly Group and a former Tesla board member, says SpaceX will be able to compete with the leaders in AI but it will not be cheap. He speaks on "Bloomberg The Close."

SpaceX's revenue exceeded Wall Street's expectations in the company's first quarterly financial report following its blockbuster initial public offering in June. Elon Musk's satellite, space and artificial intelligence conglomerate reported revenue of $7.8 billion on Tuesday, greater than than the $6.81 billion analysts polled by Bloomberg estimated on average. It also unveiled an operating loss of $1.26 billion from its AI business, which was less than expected. We get reaction from Bloomberg Tech host Ed Ludlow, and Mandeep Singh of Bloomberg Intelligence.