CryptoBreaking News

XRP has rebounded from four-month lows after buyers stepped in around the $1.09 level, helping the token recover from one of its steepest declines of the year while broader market sentiment remains fragile.

Maelstrom co-founder Arthur Hayes has exited his position in Worldcoin just days after his venture capital firm highlighted the token as one of the strongest ways to gain exposure to upcoming artificial intelligence-related initial public offerings.

DWF Labs founder Andrei Grachev has warned that the growing concentration of Bitcoin and Ethereum in the hands of publicly listed companies could create the conditions for the largest crash in crypto market history.

South Korea's stock market suffered one of its sharpest declines in recent months on Monday after the benchmark KOSPI fell more than 8% within the first 20 minutes of trading, triggering a circuit breaker and temporarily halting market activity.

Long-time Bitcoin critic Peter Schiff has unexpectedly sided with the crypto industry by rejecting calls from Jamie Dimon to subject stablecoin issuers to the same regulatory framework as traditional banks.

Decentralised derivatives platform Hyperliquid is facing increasing regulatory scrutiny after Britain's Financial Conduct Authority warned that the exchange and the Hyper Foundation may be providing or promoting financial services in the UK without authorisation.

Intesa Sanpaolo offered to buy Banca Monte dei Paschi di Siena for 30.6 billion ($35.3 billion). The Milan-based bank will offer 1.6 of its own shares and 1 in cash for each Monte Paschi share. The bid comes the day after Banco BPM pitched its own merger with Monte Paschi, considered to be the world's oldest bank. Bloomberg's Manuel Baigorri reports.

Solana co-founder Anatoly Yakovenko has publicly rejected Senator Bernie Sanders' warning that artificial intelligence and robotics could destroy millions of American jobs, reigniting debate over automation, wealth creation and the future of work.

Real-world asset tokenisation platform Securitize has cleared a major regulatory hurdle on its path to a New York Stock Exchange listing after the US Securities and Exchange Commission declared its S-4 registration statement effective.

Sally Wan, CEO of AXA Global Private and AXA Greater China, discusses the outlook for the insurance firm's new platform launched at helping high-net-worth and ultra-high-net-worth clients manage their wealth, and look for investment opportunities. She speaks exclusively with Haidi Stroud Watts on "Bloomberg: The Asia Trade".

Asian stocks dropped Monday as AI-related shares sold off after a blistering rally, led by losses in Korean chipmakers SK Hynix and Samsung. Joe Weisenthal and Tracy Alloway from Bloomberg's Odd Lots podcast join Yvonne Man and Stephen Engle on The China Show.

The CLARITY Act's chances of becoming law in 2026 have fallen to 60% from 75%, according to Galaxy Digital, as lawmakers face a narrowing window to advance landmark crypto legislation before the Senate's August recess.