Crypto Breaking News

UIS initial jobless claims decreased by 2,000 to 215,000 in the week ended July 4, a period that included the Independence Day holiday. The median forecast in a Bloomberg survey of economists called for 217,000 applications. Mike McKee reports on "Bloomberg Open Interest."

Andrew Graham, Jackson Square Capital Founder and Portfolio Manager, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the rebound in equities.

XRP (CRYPTO:XRP) futures open interest fell to its lowest level in more than three months, with Binance data showing the figure declining towards 397 million XRP as the token's price slipped near US$1.09.

Bitcoin (CRYPTO:BTC) fell back towards US$62,257 after failing to clear resistance near US$64,000, snapping a six-day rally as escalating geopolitical tensions in the Middle East triggered a broad retreat from risk assets.

SK Hynix Inc.'s US offering is more than seven times oversubscribed, according to people familiar with the matter, underscoring strong investor appetite despite recent volatility in the Korean memory chipmaker's shares. Bloomberg's Neil Campling has more.

Anna Edwards, Guy Johnson and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

President Trump has warned the US could reimpose a blockade on Iran as tensions persist over the Strait of Hormuz. Karen Young, Senior Research Scholar at Columbia University's Center on Global Energy Policy, tells Bloomberg's Abeer Abu Omar on Horizons Middle East and Africa that Iran appears unwilling to give up its leverage over the waterway, leaving Kuwait, Bahrain and Qatar at a disadvantage.

India faces a critical question: should it invest in building its own, frontier AI models despite shortfalls in chips, infrastructure and funding? In the first episode of Bloomberg's Emerging podcast, Menaka Doshi dives into whether sovereignty, security, and long term competitiveness justify the push. She sits down in Mumbai with Srikanth Velamakanni, co founder of Fractal Analytics, India's first publicly listed pure-play AI company, and Ganesh Ramakrishnan, a professor at the Indian Institute of Technology-Bombay and a member of India's BharatGen AI taskforce.

India faces a critical question in artificial intelligence: should it invest in building frontier AI models despite gaps in chips, compute, and funding? This segment examines whether sovereignty, security, and long term competitiveness justify the push. As global AI power concentrates in a few countries, dependence on foreign systems raises risks for defense, data control, and economic resilience. Srikanth Velamakanni, Co founder of Fractal Analytics and NASSCOM Chairperson, and Ganesh Ramakrishnan, Professor at IIT Bombay and BharatGen member, speak with Menaka Doshi on Emerging.

Helen Jewell, BlackRock's fundamental equities international CIO, discusses investment in the artificial intelligence space, saying "the next few years are very clear from an AI perspective because of the amount of capital that you'll see being invested in that space." Speaking on Bloomberg Television, Jewell adds that while every capex cycle reaches the point when overspend starts to happen, that is not the case yet. "We don't believe that we're there now."

The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. Bloomberg Opinion's Marc Champion joins Caroline Hepker and Lizzy Burden on Daybreak Europe to discuss why he believes The war and ceasefire terms did not represent Iran's "unconditional surrender" and why the ambiguous language has allowed both sides to continue pursuing their war aims by other means.

MoneyGram has launched a validator on Solana (CRYPTO:SOL) and joined the Solana Developer Platform to build blockchain infrastructure for future payment services.