Crypto Breaking News

Microsoft shares surged in late trading after better-than-expected 4Q earnings, helped by continued strength in cloud computing and artificial intelligence. But Meta shares fell after a disappointing revenue forecast for the current quarter. It also reported the lowest free cash flow in years, a sign of ballooning AI spending. Josh Gilbert, APAC & Middle East Lead Analyst at etoro spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa on some of the mag7 reporting.

Ethereum (CRYPTO:ETH) and XRP (CRYPTO:XRP) traded flat after Samsung Electronics reported a 250% jump in quarterly operating profit.

Shell Chief Executive Officer Wael Sawan says the company is "built to be able to handle volatility." He adds that Shell also had record utilization in its refining business. "We haven't seen that in over a decade," Sawan tells Bloomberg Television as the company said adjusted net income rose to $9.8 billion.

Large holders of Ethena (CRYPTO:ENA) have withdrawn approximately US$102 million worth of ENA tokens from cryptocurrency exchanges, reducing the amount of the token immediately available for trading.

Dr Reddy's CEO Erez Israeli expects a healthy performance in the second half of FY2026-27 once the company resolves the semaglutide issue. Israeli believes the generics market for semaglutide in will be ultra-competitive, with more than 20 companies trying to gain market share.

The US Department of the Treasury has imposed sanctions on HormuzSafe, alleging the entity used Bitcoin (CRYPTO:BTC) to help facilitate financial transactions for sanctioned Iranian interests.

ADNOC Drilling reported profit for the second quarter that beat estimates. Profits rose 1.7% Y/Y to $357.1 million while revenue grew by 2.9%. Abdulla Ateya Al Messabi, ADNOC Drilling's CEO spoke to Bloomberg's Abeer Abu Omar on the performance as well as future plans for the company.

BitRiver founder Igor Runets has been detained by Russian authorities as part of an investigation into an alleged US$7.9 million fraud case.

The CEO of Schneider Electric says the strategy is to grow organically as much as possible, but could also find new tech companies to accelerate the expansion strategy. Olivier Blum also sees fast growth in data centers in China. He spoke exclusively with Bloomberg's Lizzy Burden from Paris.

The world's largest outdoor advertising company JCDecaux had a 'very good first half' and the impact of the war in the Middle East was 'less than expected', according to the company's Co-CEO. Jean-Francois Decaux spoke exclusively with Bloomberg's Lizzy Burden from Paris.

Pi Network (CRYPTO:PI) has urged users to upgrade their software before the release of Protocol Version 26, warning that outdated versions may no longer function correctly after the deadline.

Luno has reduced its workforce as the cryptocurrency exchange restructures its business following a prolonged slowdown in digital asset markets.