Trump Media moves $205M in Bitcoin to Crypto.com
Trump Media & Technology Group transferred 2,650 Bitcoin worth roughly $205 million to Crypto.com, further reducing its corporate crypto treasury holdings.
Trump Media & Technology Group transferred 2,650 Bitcoin worth roughly $205 million to Crypto.com, further reducing its corporate crypto treasury holdings.
The proposed multibillion-dollar tie-up between Puig and Estee Lauder fell apart due to makeup artist Charlotte Tilbury's demands regarding her compensation in the deal, according to people familiar with the matter. The news caught investors by surprise given discussions between the two had been progressing since March. Bloomberg Opinion's Andrea Felsted has more. Her opinions are her own.
At least five crypto firms announced closures or bankruptcy filings this week as prolonged weakness across digital asset markets continued straining revenues, funding and user growth.
The US Securities and Exchange Commission’s decision to allow third parties to list tokenised stocks could create major structural risks for traditional financial markets, according to Tiger Research.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
XRP whale activity has returned to Binance while Coinbase is showing growing participation from smaller holders, highlighting a sharp divergence in trader behaviour across the two major crypto exchanges.
Bitcoin is showing signs of a developing liquidity-driven rally toward $80,000 as more than $4 billion in leveraged short positions remain vulnerable to liquidation above that level.
Former Ethereum Foundation developer Dankrad Feist proposed creating a new Ethereum-focused organisation with at least $1 billion in funding to help “save” ETH and better align leadership incentives with the network’s growth.
Richemont's full-year sales rose more than expected as shoppers splurged on its pricey Cartier jewelry. Sales climbed 11% on a constant currency basis in the fiscal year ended in March, compared with the 9.78% estimate of analysts surveyed by Bloomberg. Bloomberg Opinion's Andrea Felsted has more. Her opinions are her own.
Prediction markets including Kalshi and Polymarket are facing mounting legal uncertainty as US federal and state regulators clash over whether the platforms should be treated as financial exchanges or gambling operations.
Nvidia's highly anticipated earnings report put the attention squarely back on the tech sector's blistering momentum as investors queried whether hyperscalers and the 'picks-and-shovels' of the AI build-out can meet soaring demand. The Opening Trade spoke to a range of leading market voices to get their analysis.
Luxury hospitality is proving resilient despite geopolitical risk, fuel shortages and market volatility. This segment examines how travel demand is shifting within Asia, with domestic and regional travel supporting occupancy and pricing. Benjamin Vuchot, CEO of The Hongkong and Shanghai Hotels, speaks with Haslinda Amin from the JPMorgan Global China Summit in Shanghai to discuss demand trends, operational challenges and the group's strategic priorities.
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